'...in which our names are written with our phone numbers.'
The Indian government has introduced a 0.4% transaction fee on Unified Payments Interface (UPI) payments exceeding Rs 2,000 for merchants, effective October 15, marking the end of nearly six years of free service. Person-to-person transfers and small-value transactions below Rs 2,000 remain free. The new Merchant Discount Rate (MDR) is capped at Rs 300 for transactions above Rs 75,000, with differentiated rates for essential sectors and investments, and safeguards to prevent costs from being passed to consumers.
Pakistan's National Cyber Crime Investigation Agency (NCCIA) has launched an inquiry into alleged dressing-room leaks involving senior players Mohammad Rizwan and Imam ul Haq. This follows a complaint from the Pakistan Cricket Board (PCB) amidst disciplinary issues during a Test tour of England. The players' phones have been handed over, and they have requested more time to respond to queries.
Odisha's Koraput Coffee, specifically the 'Tiger Bright' brand, was distributed to delegates and journalists at the 18th BRICS Summit in New Delhi. This initiative has brought international attention to the Arabica coffee grown by tribal farmers in the Koraput district, highlighting the state's local produce and the 'Vocal for Local' spirit. The coffee's unique cultivation methods and the support from the Tribal Development Co-operative Corporation of Odisha Ltd (TDCCOL) have significantly boosted its market presence and benefited tribal families.
The BRICS summit in New Delhi brings together leaders from major emerging economies to address global challenges like trade disputes, geopolitical upheavals, and the economic impact of conflicts in Ukraine and West Asia. India, as chair, aims to position BRICS as an economic growth engine, focusing on the Global South's food, energy, and supply chain security. The summit also highlights the grouping's expansion and its growing influence in global governance.
The Sports Ministry's Mission Olympic Cell (MOC) has sanctioned Rs 35.46 lakh for overseas training stints for Paralympic medallists Ajeet Singh (javelin) and Pranav Soorma (club throw) to prepare them for the upcoming Asian Para-Games in Japan. Both athletes, part of the TOPS core group, will train in Germany and Czechia respectively, with Pranav also participating in multiple championships.
Court said state machinery prevented woman from challenging Foreigners Tribunal order; directs authorities to try to locate her in Bangladesh and bring her back to India.
The BRICS New Delhi Declaration has endorsed India's proposals for a Working Group on Sports Technology and a Sports Goods Manufacturing Conclave, aiming to enhance cooperation and innovation among member nations in the sports sector.
Prime Minister Narendra Modi hosted Iranian President Masoud Pezeshkian in New Delhi for talks focusing on the West Asia situation, bilateral relations, and BRICS cooperation. The meeting, Pezeshkian's first visit to India as president, comes amidst heightened tensions in West Asia due to new US sanctions on Iran and concerns over global oil supplies from the Strait of Hormuz. Both leaders emphasised regional stability and economic resilience.
Chinese President Xi Jinping's first visit to India in seven years for the BRICS Summit and bilateral talks with Prime Minister Narendra Modi is set to address crucial aspects of India-China relations, including trade, investment, and persistent border tensions.
The FCNR (B) stratagem relies on using public money to defend the rupee. The State subsidises foreign borrowing to attract dollars. This tool requires large-scale borrowing to make a material difference against a gross external flow of $11 billion a day. A commensurately large fiscal cost falls upon the exchequer. The ministry of finance will choose how much it is willing to spend in exchange for this round number, points out Ajay Shah.
BRICS nations have successfully reached a consensus on a joint statement following extensive negotiations, with India playing a crucial role in bridging differences, particularly among West Asian members like Iran, Saudi Arabia, and the UAE, despite regional conflicts and geopolitical tensions.
Iranian President Masoud Pezeshkian concluded his visit to India for the 18th BRICS Summit, announcing that Iran and the UAE agreed to move past previous tensions. This diplomatic breakthrough occurred during talks with Abu Dhabi's Crown Prince on the summit sidelines. Pezeshkian also met with PM Modi to discuss bilateral ties and West Asia developments, with Modi emphasising dialogue for regional peace. The BRICS summit adopted the New Delhi Declaration 2026, calling for global governance reforms and de-escalation in West Asia.
Russian President Vladimir Putin has arrived in India for a three-day visit to attend the BRICS summit and hold bilateral talks with Prime Minister Narendra Modi, focusing on expanding trade, investment, and energy cooperation amidst global geopolitical challenges.
The Centre has appointed two directors and a joint director to the National Testing Agency (NTA) amidst ongoing reforms and scrutiny over issues like the NEET paper leak. These appointments are part of a broader overhaul of the NTA's examination system.
The company's India head, Arun Srinivas, has been summoned by the child rights body on Thursday.
Civil Aviation Minister K Rammohan Naidu announced significant opportunities for Micro, Small, and Medium Enterprises (MSMEs) within India's rapidly expanding aviation sector. With Indian airlines ordering over 1,600 aircraft and the aerospace market projected to double by 2035, there's a massive scope for Indian suppliers to integrate into global aerospace supply chains, moving beyond assembly to design and manufacturing.
The Indian Golf Union (IGU) has approved significant amendments to its Memorandum of Association, including the addition of Sportspersons of Outstanding Merit, creation of a Dispute Resolution Committee, and modifications to its election process, all aimed at aligning with the National Sports Governance Act.
Global brokerage Jefferies forecasts a double-digit compound annual growth rate (CAGR) for India's defence spending, estimating a cumulative domestic opportunity of over $60 billion across four years, driven by geopolitical tensions and the government's indigenisation push.
The United States Central Command announced strikes against Iranian military targets, including air defence and communication sites, in retaliation for alleged attacks on commercial shipping and US personnel. However, Iran's Foreign Ministry claims these strikes caused over 50 civilian casualties at a wedding and vowed a firm response. Iran's state media also reported retaliatory ballistic missile and drone attacks on US bases in Jordan and Bahrain, claims which were partially corroborated by Kuwait and Jordan reporting intercepted drones and missiles.
Air Vice Marshal Shakti Sharma has achieved a historic milestone, becoming the first woman officer (non-medical) in the Indian Defence Forces to attain the rank of Air Vice Marshal. She has been appointed Assistant Chief of the Air Staff (Education) at Air Headquarters, bringing over three decades of diverse experience, including establishing IAF Chairs of Excellence and commanding a Sainik School.
A training aircraft operated by Garg Aviation crashed in Kanpur, Uttar Pradesh, killing a trainee pilot and an instructor. The Tecnam aircraft went down near Nathapurwa village shortly after take-off. Authorities, including the DGCA, are investigating the cause of the fatal accident.
With the death toll crossing 900 and nearly 4,000 people still missing, the trauma of loss, displacement and uncertainty is settling in among thousands of survivors, prompting the government to step up its mental health response.
'If crude remains above $100 per barrel, with restricted retail-price increases, OMCs could face negative petrol and diesel marketing margins, higher LPG under-recoveries, higher crude-landing, freight and insurance costs, working capital and debt accumulation and inventory losses if crude subsequently corrects sharply.'
IICT and Netflix are offering scholarships to 100 students and working professionals, with up to 80 per cent financial support for courses in animation, VFX, gaming and creative technologies.
Chinese President Xi Jinping is in New Delhi for the 18th BRICS Summit, where he is scheduled to hold bilateral talks with Prime Minister Narendra Modi. This visit, his first to India in nearly seven years, comes amidst efforts to normalise India-China relations following the 2020 Eastern Ladakh standoff and is expected to have significant implications for bilateral ties and BRICS cooperation.
Prime Minister Narendra Modi conveyed to Chinese President Xi Jinping that peace and tranquillity along the frontier remains an "essential" basis for the development of India-China relations, even as the two leaders welcomed "steady progress" in bilateral ties during their talks on the sidelines of the BRICS summit.
There are strong possibilities of some Union ministers being sent to take organisational roles in the BJP and party office-bearers being inducted into the Modi ministry.
National Investment and Infrastructure Fund Limited (NIIF) has appointed Gauravjit Singh as managing partner to lead its global capital formation efforts. Simultaneously, PB Fintech's payment aggregator platform, PB Pay, has gone live, offering consolidated payment acceptance for merchants. In a move to enhance trade efficiency, the Directorate General of Foreign Trade (DGFT) has introduced open API integration for Certificate of Origin, allowing exporters to streamline their application processes.
'India is trying to project that it can engage with the world in a different way too.'
Sports Minister Mansukh Mandaviya addressed the Indian contingent for the upcoming Asian Games, urging them to perform under pressure and continue the nation's impressive medal growth. He highlighted India's significant increase in medal tally from 2014 to 2023, attributing it to an improved sports ecosystem, and expressed confidence in the 503-member squad's potential.
India's sporting landscape is grappling with a pervasive age fraud issue, as evidenced by hundreds of disqualifications in recent championships. Experts highlight the systemic nature of the problem, driven by a chaotic birth registration system and the allure of early career advantages. While the BCCI has implemented bone density tests, limitations persist, prompting calls for stricter measures, including criminal deterrence and a comprehensive national database, to safeguard the integrity of youth sports.
SAI has defended the exclusion of five Indian tennis players from the Asian Games squad, saying they failed to meet the prescribed continental ranking criteria.
China emphasises proper handling of differences and a long-term perspective for bilateral ties ahead of President Xi Jinping's visit to India for the BRICS summit and talks with Prime Minister Narendra Modi. The visit aims to stabilise relations following the 2020 Ladakh standoff and strengthen BRICS cooperation.
Indian and Chinese military officials have held corps commander-level talks in Arunachal Pradesh to review the Line of Actual Control (LAC) situation, following recent Special Representative discussions aimed at de-escalating border tensions and fostering bilateral ties.
Prime Minister Narendra Modi and Russian President Vladimir Putin held extensive discussions to strengthen bilateral trade, defence, and energy cooperation, while also addressing the ongoing Ukraine conflict and exploring avenues for peace and resolution, with Modi reiterating India's call for dialogue and diplomacy.
Prime Minister Narendra Modi cautioned against the 'weaponisation' of technology and critical minerals at the BRICS summit, advocating for cooperation to foster shared prosperity. Concurrently, Chinese President Xi Jinping announced plans for an open-source AI ecosystem for BRICS nations, positioning Beijing as a key technology partner amid global AI competition.
Prime Minister Narendra Modi, addressing the BRICS summit, called for a fundamental shift in global governance, advocating for the replacement of the current 'pyramid of privilege' with a 'platform of partnership' where the Global South becomes a 'rule shaper' rather than a 'rule follower'.
India's economy recorded a robust 7.8 per cent growth in the April-June quarter of fiscal year 2026-27, surpassing both market expectations and the Reserve Bank of India's forecast. This strong performance positions India as the world's fastest-growing major economy, demonstrating resilience despite global economic uncertainties and geopolitical tensions, including the conflict in Iran. The Ministry of Statistics and Programme Implementation highlighted the sustained growth momentum amidst global headwinds.
India is hosting the 18th BRICS Summit in New Delhi, bringing together numerous world leaders including presidents from China, Russia, South Africa, Iran, and Egypt, along with prime ministers and foreign ministers from other nations. The summit will feature bilateral talks and highlights the expanded BRICS grouping's growing global influence and India's significant role as a founding member and current chair.
