Prime Minister Manmohan Singh on Tuesday approved the setting up of a National Innovation Council to prepare a road map for the 'Decade of Innovation 2011-2020'.
The newly constituted National Innovation Council (NIC) headed by Sam Pitroda, aims to have a $1-billion (around Rs 4,600 crore) fund to promote new ideas for inclusive development and innovation in the country.
Japan inaugurated the 20th Asian Games in Nagoya with a vibrant opening ceremony that seamlessly blended advanced technology and rich cultural traditions, despite earlier organisational challenges.
Japan hosted a vibrant opening ceremony for the Asian Games in Nagoya, showcasing its technological advancements and cultural heritage. The event, themed 'Harmonic Heart Beat', welcomed 11,000 athletes from 45 nations, despite prior logistical challenges.
The Payments Council of India has confirmed that Unified Payments Interface (UPI) services will continue to be free for consumers and small merchants, despite a recent Lok Sabha Bill. This clarification addresses concerns about potential charges, emphasising that while a sustainable financial model for UPI infrastructure is being developed, transaction charges will not be passed on to users or small businesses.
Digital money is gradually starting to behave like software. It's no longer inert -- sitting passively in accounts. In the not-so-distant future, your money could become 'smart' and 'active,' understanding your preferences, paying your bills automatically, optimising your returns, and managing your risks -- all without you having to manage the details.
International Olympic Committee (IOC) President Kirsty Coventry and Olympic Council of Asia (OCA) President Sheikh Joaan bin Hamad Al Thani are scheduled to visit the Aichi-Nagoya Asian Games athletes' village on September 20. This visit follows the opening ceremony and will include a tour of the Garden Pier section and interaction with athletes. The Games feature a unique accommodation setup, utilising a cruise liner, temporary villas, and hotels instead of a traditional village. Various logistical and ceremonial details, including team welcome ceremonies and other official meetings, were also discussed.
Central Delhi has undergone a significant beautification drive, including extensive lighting, floral displays, and BRICS-themed signages, in preparation for the upcoming BRICS Leaders' Summit. The New Delhi Municipal Council (NDMC) and other civic bodies have focused on sprucing up key routes, hotels, and the summit venue, Bharat Mandapam, to welcome delegates and visitors.
Russian President Vladimir Putin has proposed a new investment platform, based on the New Development Bank (NDB), to fund projects in trade, infrastructure, logistics, and technology across BRICS nations, emphasising that the grouping's expanding economic cooperation is not 'against anyone' but aims to advance members' national interests.
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."
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.
The reforms, undertaken by the Department of Defence Production, remove stakeholder consultation for exports of non-lethal defence items to most destinations, while retaining safeguards for sensitive countries.
The Indian government has introduced a 0.4% Merchant Discount Rate (MDR) on UPI person-to-merchant (P2M) transactions exceeding Rs 2,000, effective October 15. This move ends nearly six years of fully free UPI payments, though person-to-person (P2P) transfers and small P2M payments remain free. The charges aim to bolster investment in UPI infrastructure, with specific exemptions and caps for essential sectors.
The National Council of Educational Research and Training has reconstituted the Textbook Development Team for class 11 and 12 political science with a mandate to integrate cultural rootedness, Indian knowledge systems and inclusion, with at least four of the members having direct or indirect links with the RSS.
The Biotechnology Industry Research Assistance Council (BIRAC) has chosen seven to eight biotechnology startups as the initial group to receive funding from the government's ~1 trillion Research, Development and Innovation (RDI) Fund, with an average investment of approximately ~25 crore per startup.
'We can integrate AI and tech into education, but that is just a means and not an end.' 'Ultimately, we need to control what happens in a classroom and we need to let teachers innovate their teaching style to suit the needs of Gen Z and beyond.'
A one-day patent workshop was held at CSIR-NIIST to promote intellectual property awareness and equip researchers and startups with essential knowledge in patent filing and innovation.
For the foreseeable future, the most likely outcome remains continuation of the status quo. Taiwan will remain self-governing without formally declaring independence, while China continues to apply sustained pressure short of war, predict Krishnan Srinivasan and Manoj Mohanka.
CSIR Director General N Kalaiselvi emphasised the importance of research and applied sciences in developing sustainable solutions for India's energy security and environmental challenges at an international conference on Sustainability Through Fundamental and Applied Sciences (STFAS), 2026.
India is the only significant power that all parties trust, or at least do not distrust, notes former defence secretary Ajay Kumar.
The 4th India Sporting Goods Fair (ISGF) is set to take place, showcasing athletic gear and equipment from across the country, as the government pushes to establish India as a global hub for sports goods manufacturing.
India has to create a new model of innovation for sustainable and inclusive growth and for empowering its poor, said Sam Pitroda, head of the National Innovation Council (NIC).
Restoring weighted tax deductions and adopting a petty patents regime can foster firm-level innovative activity critical for competitiveness, points out Nagesh Kumar.
The six winning innovations which include novel design of a rickshaw, a human powered motor, display unit for street vendors, a low-cost cycle for physically challenged would help reduce the drudgery of construction workers and sanitation workers.
'Our problem is not a budget deficit but a trust deficit. We need to trust our institutions and industries to innovate and lead. That is the way forward for India.'
The 4th India Sporting Goods Fair (ISGF) showcases athletic gear and equipment from 75 exhibitors, highlighting the government's commitment to promoting sports goods manufacturing in India.
Budget 2026 is an intentional and ambitious one - From manufacturing growth to services supremacy, from technology consumption to AI-powered transformation. This is the blueprint for a $7 trillion economy built on intelligence, not just scale.
Prime Minister Narendra Modi inaugurated the Seva Teerth complex, which will house the Prime Minister's Office (PMO), the National Security Council Secretariat, and the Cabinet Secretariat, marking a shift towards modernizing India's administrative governance.
The National Innovation Council has been set up to herald a 'decade of innovation' in India from 2011-2020.
The BRICS nations have expressed concern over the proliferation of trade-restrictive actions in the form of 'indiscriminate rising' of tariffs, particularly measures used as a means of 'coercion', cautioning that such practices risk marginalising the Global South countries.
'We have tags of state animals and birds. However, the invisible world of microbes is doing a lot of things for us in nature, not just for human beings but for the entire life.'
Prime Minister Narendra Modi addressed the Israeli Parliament, reaffirming India's support for Israel in the face of terrorism and expressing support for the Gaza peace initiative.
India and the European Union have finalized a comprehensive mobility pact that will create new opportunities for Indian students and professionals in Europe. The agreement was reached during summit talks between Prime Minister Narendra Modi and top EU officials.
National Innovation Council (NIC) Chairman Sam Pitroda on Monday said the council will launch its Rs 5,000-crore venture fund aimed at supporting small enterprises by March.
The government on Sunday gave a strong push to upgradation and expansion of healthcare infrastructure, medical education and pharma sector with the Union Budget 2026-27 announcing a slew of steps, including those aimed at making India a global hub for allied healthcare professionals and biopharma manufacturing.
On the back of an aggressive asset monetisation push, the government will press the throttle on the build-operate-transfer (BOT) model - under which private developers fund highway construction - for future highway development, Union Minister for Road Transport and Highways Nitin Gadkari said.
The proposed trade deal with the 27-nation European Union (EU) is expected to provide zero-duty access to the $95 billion European market for Indian textile and apparel manufacturers. Currently, India's share of the European market is just 6 per cent, or $5.5 billion.
The purge in Washington does not pause the war. Strikes continue, Hormuz remains closed, and Brent crude is still dancing around $109 a barrel. For India, the command chaos in the Pentagon is another layer of uncertainty piled on five weeks of conflict that was already straining every buffer Delhi has.
'Within six months I expect petrol, diesel, and electric vehicles (EVs) to reach cost parity,' says Union Minister for Road Transport and Highways Nitin Gadkari.
In a double-dose bid to boost growth and employment prospects, the Union Cabinet on Tuesday approved a Rs 2.07 trillion outlay for a research development and innovation (RDI) Scheme to fund private sector innovations, and an employment-linked incentive (ELI) to create over 35 million new jobs over the next two years.
