The Finance Ministry has refuted allegations that US pressure influenced the decision to levy a 0.4 per cent Merchant Discount Rate (MDR) on select UPI payments. The ministry clarified that the NPCI guidelines prioritise RuPay credit cards on UPI to promote domestic alternatives and ensure a self-sustaining revenue model for smaller domestic companies, countering claims of favouring foreign payment providers.
The Finance Ministry has clarified that the decision to impose a 0.4% Merchant Discount Rate (MDR) on UPI transactions above Rs 2,000 was made independently, refuting claims of foreign influence. The ministry stated the policy aims to build a self-sustaining digital payments ecosystem, with MDR funding infrastructure and supporting small merchants.
Hindutva influencer Swatantra Bhardwaj, known for provocative social media posts and claims of political proximity, has been detained in Bulandshahr. His detention follows a viral video where he boasted about assaulting a Jantar Mantar protester's father, leaving him with severe injuries, and claiming to have avoided jail due to political connections. Police acted after public outcry and protests.
Indian steeplechase champion Avinash Sable faced a career-threatening knee injury and subsequent psychological struggles, leading to 14 months on the sidelines. Despite a tough upbringing, the physical and mental toll of inactivity and a second injury pushed him to the brink of retirement. With renewed determination and support, Sable has overcome his fears and is now back in competitive shape, aiming to defend his Asian Games title.
Lodha Developers plans to generate approximately 10,000 crore in sales over the next three to four years by monetising about 150 acres of land at its data centre park in Palava, part of the Mumbai metropolitan region (MMR). This strategy is a planned recurring pillar of their business, funding the build-out of 1 gigawatt of powered shell capacity and aiming for over 2,000 crore in annual rental income by FY32.
Shares will be allocated across different institutional investors, including domestic mutual funds, other domestic institutions and FPIs.
Potential external candidates include Anup Bagchi, Rajiv Sabharwal and CSB Bank's Pralay Mondal.
The Supreme Court has quashed all FIRs against students who participated in the Cockroach Janta Party-led protests, stating the cases should not affect their future, while the government affirmed its commitment to youth welfare.
Student organisations across India are protesting the National Testing Agency's (NTA) decision to re-conduct the UGC-NET examinations for three subjects, citing repeated lapses that jeopardise students' academic and career plans. They are demanding the NTA be scrapped or held accountable for its failures.
The Finance Ministry has refuted allegations that US pressure influenced the decision to levy a 0.4% Merchant Discount Rate (MDR) on select UPI payments. It clarified that NPCI guidelines prioritise RuPay credit cards on UPI to foster a domestic payment ecosystem and that the MDR introduction aims to create a sustainable revenue model for smaller domestic companies, thereby protecting India's sovereignty in digital payments.
President Droupadi Murmu on Friday approved 78 gallantry awards, including 13 posthumously, to the personnel of the defence forces and central armed police forces on the eve of 80th Independence Day.
A heated parliamentary showdown unfolded as NDA and INDIA bloc MPs clashed at Parliament's main gate.
Ahead of President Vladimir Putin's visit to India for the BRICS summit, Russia has expressed support for New Delhi's peace initiatives to resolve the Ukraine conflict. Discussions between Putin and PM Modi will cover defence, energy, technology, and the repatriation of Indian nationals from the Russian military, alongside addressing trade and investment ties.
Legendary Australian cricketer Ricky Ponting expresses concern over the diminishing role of One Day International (ODI) cricket due to the rapid expansion of T20 Internationals and franchise leagues worldwide. While he believes Test cricket will remain strong with support from major cricketing nations, Ponting fears the 50-over format will be played less frequently. David Warner also weighs in on the challenges and opportunities presented by the crowded T20 calendar.
Congress President Mallikarjun Kharge criticised police action against CJP student protesters in the national capital, alleging lathi charge and tear gas use. He also claimed the Opposition was prevented from raising the issue in Parliament, demanding a discussion and a statement from the Home Minister. The protest, which turned violent, saw injuries to both police personnel and protesters, with FIRs registered for vandalism. Meanwhile, climate activist Sonam Wangchuk, involved in the protest, continues to receive medical treatment.
Air India has confirmed that all 13 passengers injured during severe mid-air turbulence on a Phuket-Delhi flight have been discharged from hospital. However, four crew members involved in the incident continue to receive medical treatment. The Directorate General of Civil Aviation (DGCA) is investigating the matter.
Fresh guidelines issued to the Delhi police by a central agency advise personnel to remain calm during protests, avoid rising to provocation and being pictured as "villains" by the demonstrators filming them, police sources said on Sunday.
Arundhati Bhattacharya, Salesforce President and CEO for South Asia, stated that cloud and AI are democratising capabilities, offering India a unique opportunity to leapfrog in technology. Speaking at the IMC Chamber of Commerce, she emphasised that AI will create more jobs and urged Indian businesses to transform using technology, rather than merely digitising. She also highlighted the significant economic potential of AI adoption for India.
Former Indian cricketer Sanjay Manjrekar has publicly thrown his support behind students protesting the NEET-UG 2026 paper leak, emphasising the importance of empowering India's youth amidst ongoing demonstrations and calls for systemic educational reform.
The Rajya Sabha has passed the Prevention of Insults to National Honour (Amendment) Bill, 2026, making insult to the national song 'Vande Mataram' a criminal offence. The bill, which also covers other national symbols, was passed amidst protests from opposition parties regarding the NEET paper leak. Union Minister Nityanand Rai criticised the opposition's stance, emphasising the song's historical significance and its role in national unity.
Subhash Chandra hoped that the lenders would discuss the matter with the borrowers, reconcile the outstanding accounts, and get paid by the borrowers.
The Finance Ministry has clarified that the 0.4 per cent Merchant Discount Rate (MDR) on UPI transactions above Rs 2,000, effective October 15, is not expected to increase cash transactions or cause inflation. The ministry also dismissed allegations of US pressure influencing the decision, asserting that the policy aims to promote RuPay credit cards within the UPI ecosystem, and a monitoring mechanism will ensure the MDR burden is not passed on to consumers.
The family of a 15-year-old girl, whose alleged abusive remarks against PM Modi went viral, is untraceable from their Noida residence. Local police deny receiving harassment complaints, while the family had previously appealed to the PM for forgiveness and claimed police visits.
As the world's most populous country, India's economy looks large in the aggregate even as its average incomes stay modest.
The Indian government's proposal to extend the operating life of certain battery-electric, CNG, and hydrogen vehicles under national permits by five years could significantly improve their total cost of ownership (TCO) and residual values, according to industry experts.
A recent building collapse in Satya Niketan, Delhi, which killed seven people, has brought to light the dire living conditions faced by students in paying guest (PG) accommodations near Delhi University's South Campus. Due to a severe shortage of on-campus hostels, students are forced to pay high rents for cramped rooms with poor ventilation, inadequate facilities, and sub-standard food. The article details student experiences with non-functional amenities, mandatory food charges for poor quality meals, and the lack of support from student bodies, highlighting a systemic issue in student housing.
Karnataka Chief Minister D K Shivakumar is in New Delhi to discuss the allocation of portfolios among newly inducted ministers and address discontent among legislators who missed out on cabinet berths. Speculation also surrounds a potential minor cabinet reshuffle and the appointment of a woman minister to the lone vacant position, with the CM aiming to finalise these decisions before the state Legislature's monsoon session.
The National Payments Corporation of India (NPCI) stated that the Merchant Discount Rate (MDR) "is distributed only amongst the UPI ecosystem, to further invest into infrastructure resilience, innovation, cybersecurity (protecting the UPI infrastructure with banks and non-banks) and customer service."
US Ambassador to India, Sergio Gor, highlighted the evolving US-India space partnership, moving from cooperation to "co-creation" at the Bengaluru Space Expo. He emphasised joint design, funding, and co-authoring the future of human discovery, citing the NISAR satellite and India's participation in the Artemis Accords as key examples of this growing synergy.
At least four to five privately placed infrastructure investment trusts (Invits) are expected to transition to public listings by the end of the 2026-27 financial year, significantly increasing the number of publicly traded Invits to 12-14, according to N S Venkatesh, CEO of the Bharat Invits Association (BIA).
The government is introducing a 0.4% Merchant Discount Rate (MDR) on UPI person-to-merchant payments above Rs 2,000, effective October 15. This move ends the zero-MDR regime, aiming to fund UPI infrastructure and sustainability, as the previous government subsidy was insufficient to cover operational costs. Payments between individuals and most everyday merchant transactions will remain free.
Delhi is experiencing a significant surge in H1N1 (swine flu) cases, with over 1,777 infections reported this year, a six-fold increase from last year. Doctors highlight that children, the elderly, pregnant women, and those with chronic illnesses are most susceptible to severe infection. The rise has prompted increased inquiries about seasonal influenza vaccination, and medical experts are cautioning against self-medication and delayed consultation, urging early medical attention for severe symptoms.
India's top 11 listed real estate developers are projected to achieve combined presales of 1.82 trillion by FY27, a significant increase from 1.49 trillion in FY26, demonstrating sustained sales momentum despite market challenges.
World No. 4 badminton player Anders Antonsen has called for the India Open tournament to be moved from its traditional January-February slot due to severe winter pollution in New Delhi. He described the conditions as "insane" and "not pleasant to play in," causing a burning sensation and poor visibility. Antonsen believes the current time of year is much better for hosting such events.
The Delhi government has notified detailed guidelines for the Delhi Lakshmi Yojana, outlining strict provisions for beneficiaries found ineligible, including discontinuation of financial assistance, recovery of disbursed funds, and potential fraud charges. The scheme provides Rs 2,500 monthly to eligible women, with specific rules for fund disbursement via RD/FD accounts and CBDC wallets, along with clear eligibility and exclusion criteria.
'Wages have not risen. Rural wages have stagnated. The growth was 0.7 per cent last year. For casual and irregular labour, the wage growth is negative.'
Delhi recorded 133 cases of crimes and atrocities against Scheduled Castes (SCs) in 2024, slightly higher than the previous year, according to NCRB data. Despite the increase, Delhi's crime rate against SCs remains significantly lower than the national average.
The absolute amount of money raised is more than three times the 2 trillion seen before the pandemic (June 2019).
The Securities and Exchange Board of India (Sebi) is reportedly 'close' to approving the National Stock Exchange's (NSE) initial public offering (IPO) draft documents, with an expected market debut by early next month. Sebi Chairman Tuhin Kanta Pandey also emphasised the regulator's focus on enhancing market resilience against evolving risks, including technology failures and the impact of artificial intelligence.
Mukesh Kumar, the Bengal pacer, has delivered an impressive performance in the Duleep Trophy, taking 11 wickets and expressing the critical importance of the ongoing domestic season for his potential India comeback. He detailed his strategic bowling approach on challenging pitches and the team's tactics for managing the hot conditions, while also providing an update on teammate Anukul Roy's injury.
