Subhash Chandra hoped that the lenders would discuss the matter with the borrowers, reconcile the outstanding accounts, and get paid by the borrowers.
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."
Infantino appears to have enough global support to secure re-election, forcing opponents without a credible challenger to consider shifting from defeating him to curbing presidential powers.
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.
West Bengal Chief Minister Suvendu Adhikari announced plans to enact a stringent law against religious conversion and implement the Uniform Civil Code (UCC) in the state. He linked these measures to strengthening national security and preserving Bengal's cultural identity, citing concerns over infiltration and demographic changes. Adhikari also highlighted efforts in border security, distinguished between illegal immigrants and CAA refugees, and paid tribute to Bankim Chandra Chattopadhyay.
Argentine midfielder Leandro Paredes has labelled his 10-match ban, imposed by FIFA following an altercation with Spanish players after the World Cup final, as 'excessive' and believes it can be reduced upon appeal.
At least four members of the Naga community were killed and one was injured when armed militants ambushed their vehicle in a forested region of Kangpokpi district of Manipur, officials said.
Home Minister Amit Shah chaired a high-level meeting in Ahmedabad to review India's preparations for hosting the 2030 Commonwealth Games and its bid for the 2036 Olympic Games. The meeting, also attended by Union Sports Minister Mansukh Mandaviya and Gujarat's Deputy CM Harsh Sanghavi, highlighted the government's commitment to establishing India as a global sporting destination. Discussions also covered the 2029 World Police and Fire Games, set to be held in Ahmedabad.
Zee founder Subhash Chandra has shifted his public statements from allegations against Mukesh Ambani to focusing on settling outstanding Essel Group debt, with borrowers reportedly agreeing to repay obligations.
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.
Former Chief of Defence Staff Gen Anil Chauhan (retd) revealed that Prime Minister Narendra Modi directed an 'unthinkable' and 'big lesson' action against Pakistan following the April 2024 Pahalgam terror attack, emphasising India's zero-tolerance policy for cross-border terrorism and the need for irrefutable evidence.
Amidst ongoing ethnic tensions, a new political alignment in Manipur sees Meitei and Naga groups uniting to demand an update to the National Register of Citizens with a 1951 base year, a move fiercely opposed by Kuki-Zo communities who fear it will disenfranchise them.
A brutal crackdown by Pakistani security forces on protesters in Pakistan-occupied Kashmir (PoK) over the last two days has reportedly left more than 30 civilians dead and over 33 injured, government sources said on Wednesday.
China has cancelled drone shows and suspended drone flights across several provinces following a small plane crash in Beijing that raised significant security concerns, especially near top leadership compounds. This move signals a tightening of low-altitude aviation regulations, impacting the burgeoning "low-altitude economy" and civilian drone use, with new laws classifying illegal drone use as a public security threat.
The Indian athletics team for the upcoming Asian Games in Japan has undergone significant changes. Commonwealth Games medallist Yashvir Singh replaces an injured Neeraj Chopra, while long-distance runner Abhishek Pal has been dropped due to an alleged doping offence. Tejas Shirse is also out due to injury. The final team comprises 77 members, with six new additions. The Athletics Federation of India is aiming for 25-30 medals.
The Supreme Court has stated it will consider the recommendations of the Nandan Nilekani-led task force regarding the online conduct of the NEET examination, emphasising the need for additional safeguards in cybersecurity and database protection. This follows the cancellation of the NEET-UG exam due to an alleged paper leak and subsequent re-test.
Meta Platforms CEO Mark Zuckerberg has issued an apology for the temporary removal of Prime Minister Narendra Modi's Facebook post, while company executives acknowledged significant content moderation failures, including issues with child sexual abuse material, deepfakes, and the paid boosting of certain content.
The search for N Chandrasekaran's successor as Tata Sons Chairman has reportedly narrowed to Tata Steel CEO T V Narendran, Tata Sons Executive Director Saurabh Agrawal, and NSE MD & CEO Ashish Chauhan, with Chauhan emerging as a potential 'dark horse' candidate.
Commonwealth Games gold medallist Soman Rana has highlighted the critical need for increased corporate support and permanent jobs for Indian para-athletes. He stressed that financial security is vital for athletes to focus on training and achieve consistent international success, including at events like the Paralympics and Para Asian Games. His views were echoed by PCI president Devendra Jhajharia and M3M Foundation chairperson Payal Kanodia, who noted the growing recognition and support for the Paralympic movement in India.
Former Pakistan Test spinner and chief selector Iqbal Qasim has criticised the current generation of Pakistani cricketers for prioritising financial gain, particularly through leagues like the PSL, over dedicated skill development and game awareness, attributing this to a lack of vision among selectors and a general disinterest among young players.
In 2020 India was compelled by China to change its national security strategy. From counter-insurgency, which the army has been focussed on for years, we shifted to conventional war, observes Aakar Patel.
Traffic between Assam and Meghalaya was disrupted after Guwahati-based cab operators blocked National Highway-27, protesting alleged attacks on people from Assam during a Khasi Students' Union (KSU) rally in Shillong, which saw 31 vehicles damaged and several pedestrians assaulted.
The National Company Law Tribunal (NCLT) has approved media baron Subhash Chandra's personal insolvency resolution plan, which proposes to pay Rs 6.5 crore against admitted creditor claims of approximately Rs 22,006.57 crore, despite allegations from dissenting lenders that five family-linked entities controlled 61.78 per cent of the voting share.
Union Home Minister Amit Shah said infiltration and other reasons are causing 'unnatural' demographic change, which poses a significant challenge to the present and future of any nation.
The President-elect also announced the nomination of former Secretary of State John Kerry as Special Presidential Envoy for Climate, the first such official to sit on the national security council.
Meta's global team met with top Indian IT Ministry officials following government summons regarding the temporary restriction of Prime Minister Narendra Modi's Facebook post and ongoing concerns about child sexual abuse material (CSAM) on its platforms.
A parliamentary panel has strongly recommended that the Indian government appoint a dedicated 'polar ambassador' to enhance its strategic engagement and diplomatic influence in the critical Arctic and Antarctic regions, aligning with global trends and India's growing focus on polar affairs.
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.
The Supreme Court has directed the Reserve Bank of India to prepare a standard operating procedure (SOP) within four weeks to deal with bank accounts linked to cyber frauds, including mule accounts. This directive is part of a broader effort to strengthen responses to cyber-enabled financial frauds, with the court also urging states and UTs to adopt and operationalise grievance redressal and money restoration modules.
'Now it's for India to also make certain decisions. The sky's the limit. You've got to be strategic.'
A US federal judge has permanently dismissed the criminal securities-fraud case against Adani Group chairman Gautam Adani and his nephew Sagar, closing nearly two years of prosecution without a trial. Gautam Adani stated, "Truth has prevailed," in response to the ruling.
A good NEET score improves your chances of admission. But the counselling process ultimately determines which college and course you will join.
The Supreme Court has informed the Centre that it will closely monitor the steps taken to curb NEET examination paper leaks, emphasising that 'ad hocism has caused trouble for years' and demanding a comprehensive overhaul of the examination process.
The Table Tennis Federation of India (TTFI) has clarified that Manika Batra's exclusion from India's Asian Games squad was due to strict adherence to existing selection criteria. Despite her name being considered, Batra did not meet the requirements, primarily lacking a national ranking and not being in the top 50 of international rankings at the time of selection. The decision was a collective one by the selection committee, based on a comprehensive assessment.
The Delhi Gymkhana Club, a historic landmark in Lutyens' Delhi, is facing eviction as the government seeks to reclaim its land for defence infrastructure, raising concerns about the future of this elite institution.
Why the industry's public position changed is difficult to say. What the developments did establish, though, is that ethanol-blended petrol has become one of the country's most politically and commercially sensitive policy issues.
Indian javelin ace Neeraj Chopra is set to renew his rivalry with Sri Lankan star Rumesh Pathirage at the Lausanne Diamond League, with both athletes vying for a spot in the prestigious DL grand finale in Brussels.
Following a deadly explosion at a firecracker factory in Madhya Pradesh, authorities have invoked the National Security Act against the factory manager and filed culpable homicide charges against four individuals, including the owner.
The All India Football Federation's women's committee chief, Valanka Alemao, has alleged procedural lapses by the body's technical committee led to a series of blunders during the national team's Asian Cup campaign, including ill-fitting jerseys.
For the first time since 1998, no Indian umpire or technical official will be present at the FIH Men's Hockey World Cup, a situation that has left former international officials disappointed and calling for a structured pathway to develop and support Indian officiating talent.
