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."
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.
Police are investigating a revenge angle in the recent murder of a gym trainer in South Delhi's Aya Nagar. The killing is suspected to be part of an ongoing feud between two families, with alleged gang involvement and a social media claim of responsibility by a foreign-based gangster.
The RSS-affiliated Swadeshi Jagran Manch (SJM) has urged the government to reconsider imposing a merchant discount rate (MDR) on UPI transactions above Rs 2,000, arguing that the costs do not warrant such a move. This comes after the government announced a 0.4 per cent fee on merchant transfers over Rs 2,000 from October 15, while assuring that person-to-person and small payments remain free. SJM co-convener Ashwani Mahajan highlighted that banks have not demanded MDR and that UPI has reduced their transaction costs.
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.
Legendary Indian hockey player Harbinder Singh reminisces about India's historic first Asian Games gold medal in 1966, defeating arch-rivals Pakistan. He shares insights into the team's motivation, the challenging final match played with 10 men, and the evolution of hockey over the decades, including concerns about declining domestic spectator interest and India's prospects for future Asian Games.
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.
India is hosting the BRICS summit, leveraging the platform to address global trade tensions and champion the developmental priorities of the Global South, including food, energy, and supply chain security. The summit, attended by leaders like President Xi Jinping and Vladimir Putin, will focus on resilience, innovation, cooperation, and sustainability, with India aiming to strengthen intra-BRICS collaboration and discuss global matters. The expanded BRICS grouping represents a significant portion of the world's population and GDP, making its discussions crucial for global economic stability.
Former Indian fast bowler Zaheer Khan has joined the ownership group of Vancouver Anchors, a franchise in the Canada Super 60 league, reuniting with his former teammate Yuvraj Singh. Khan brings his extensive international cricket experience to the league, which features men's and women's competitions and aims to promote global cricket growth.
A 17-year-old Indian swimmer, who had qualified for two events at the Asian Games, has been suspended for 18 months after testing positive for terbutaline, a banned substance. The suspension means he will miss the upcoming continental event in Aichi-Nagoya, Japan, starting September 19.
Shares will be allocated across different institutional investors, including domestic mutual funds, other domestic institutions and FPIs.
India's Asian Games contingent faces accommodation issues at Costa Serena, as athletes report cramped rooms and long delays amid organisational chaos.
The Mumbai-Delhi air route, the country's largest and most lucrative, is witnessing an intense battle for supremacy between IndiGo and the Air India group, with Akasa Air emerging as a significant third player, according to recent data.
Indian athletes at the Asian Games in Nagoya are facing significant accommodation challenges, including cramped rooms on a cruise ship and long waits for check-in. The host nation's athletes are also affected, with complaints about shared rooms and general mismanagement. Organisers have opted against a traditional Athletes Village, leading to athletes travelling long distances for training, further exacerbating the logistical issues ahead of the mega-event.
Prime Minister Narendra Modi, in bilateral talks with Chinese President Xi Jinping, emphasized that both nations must show sensitivity to each other's core issues and be guided by mutual respect, sensitivity, and interest. Modi highlighted the critical importance of peace and tranquillity along the Line of Actual Control for the development of India-China relations, while also addressing concerns regarding Taiwan and Tibet.
Trinity Rodman raced 200 miles from Washington to New York after her match to support boyfriend Ben Shelton, arriving just in time to witness his US Open final defeat.
The International Kabaddi Federation is expanding its global reach by nearly doubling its membership to approximately 80 nations. A two-day conclave in Hyderabad will see 35-40 new national bodies from Africa and Europe formally affiliated, aiming to foster the sport's global growth through structured programmes and technical assistance.
World-record holder Alison dos Santos secured victory in the men's 400m hurdles, while Djamel Sedjati surprisingly won the men's 800m on the final day of the World Athletics Ultimate Championship. Other winners included Jasmine Jones (women's 400m hurdles), Rumesh Pathirage (men's javelin), and Likina Amebaw (women's 5,000m) at the event in Budapest, which featured a record $10 million prize pot.
The Indian Air Force has launched 'Dronathon 2026' at the Pokhran range in Jaisalmer, a three-day event showcasing advancements in unmanned aerial systems (UAS) and counter-UAS technologies by domestic manufacturers. The initiative aims to bolster the IAF's capabilities in the unmanned domain, align with the 'Atmanirbhar Bharat' objective, and assess indigenous technologies against operational requirements through live demonstrations. It also fosters interaction between the IAF, industry, and even students, promoting the development of scalable unmanned solutions.
Belgium have appointed former Netherlands international Mark van Bommel as their new head coach on a two-year contract running until the 2028 European Championship.
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.
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.
India's Davis Cup team is set for a high-stakes Qualifier Round 2 clash against South Korea in Seoul, with players like Dhakshineswar Suresh and Sumit Nagal aiming to secure a historic Final 8 berth under the current format.
Heavy rainfall and swollen rivers have led to severe flooding in 15 districts of Bihar, affecting over 49 lakh people. Major rivers like the Ganga and Kosi are flowing above danger levels, prompting the deployment of disaster response teams and the establishment of relief camps and community kitchens for those displaced.
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.
This article details the quarter-century journey of BRICS, from its inception as an economic acronym by a Goldman Sachs economist to its current status as an expanded eleven-member international bloc. It highlights its growth, key historical moments, and the significance of its upcoming summit, particularly with Iran's renewed importance in discussions.
India, having already secured the T20 series against Afghanistan, is likely to experiment with its playing XI in the third and final match in New Delhi. This provides an opportunity for players like Vaibhav Sooryavanshi and others on the bench to get game time before the Asian Games, while Afghanistan aims for an improved performance to boost morale.
India has condemned an attack on a Panama-flagged oil tanker off the coast of Oman, which resulted in one Indian seafarer going missing and 13 others being rescued. The Ministry of External Affairs is closely monitoring the situation and coordinating with Omani authorities for search and rescue operations, while also reiterating calls for de-escalation and safe navigation in the region.
Almost all of India's Asian Games-bound track and field athletes, including star steeplechaser Avinash Sable and javelin thrower Yashvir Singh, will participate in the Indian Athletics Series Final. This invitational event, featuring a total prize fund of Rs 65 lakh, serves as a crucial tune-up for the upcoming Asian Games in Japan, with most of the 77-member squad competing.
An Indian swimmer, who had qualified for the Asian Games, has been suspended for 18 months after testing positive for terbutaline, a banned substance. This suspension means the 17-year-old will miss the upcoming continental event in Aichi-Nagoya, Japan, despite his twin brother being part of the team.
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.
Sri Lanka Cricket is set to lose an estimated USD 20 million in revenue after the ICC stripped it of the hosting rights for the 2027 Women's Champions Trophy.
The National Stock Exchange's initial public offering (IPO), expected to raise around Rs 30,000 crore, is likely to open for public subscription on September 18 and list on September 25, potentially becoming India's largest IPO.
India's derivatives market experienced a significant 23 per cent fall in average daily contracts traded in August, reaching a 13-month low of 224 million. This decline is primarily attributed to regulatory changes, including a higher securities transaction tax (STT) and enhanced collateral requirements, alongside the introduction of a closing auction session.
The Retailers Association of India (RAI) has voiced concerns that the government's new 0.4 per cent Merchant Discount Rate (MDR) on UPI transactions above Rs 2,000 could reverse the progress of digital payment adoption among small retailers. This fee, effective October 15, places the burden on merchants operating on thin margins, potentially pushing them back to cash transactions and undermining the government's formalisation agenda, especially ahead of the festive season.
The Indian Olympic Association (IOA) is poised to approve significant constitutional amendments to comply with the National Sports Governance Act 2025. These changes, already endorsed by the executive committee, will be formalised at a Special General Body Meeting. Key areas of reform include age and tenure guidelines for office bearers, which differ from the existing IOA rules, and a potential reduction in the Executive Committee's size. The General House will also discuss the upcoming December elections.
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.
The Delhi High Court has urged the Wrestling Federation of India (WFI) to establish clear guidelines and timelines for female athletes returning to competitive sports after maternity leave. The court's observations came during a hearing for grappler Vinesh Phogat, who is seeking permission to participate in selection trials for the 2026 Senior World Championships after her maternity break. Justice Swarana Kanta Sharma highlighted the unfairness faced by women athletes post-childbirth and criticised the WFI's current policies, hinting at the need for a balanced framework.
Skeletal remains of a BJP worker, Astik Chandra Das, allegedly killed in post-poll violence in West Bengal's Sandeshkhali in 2021, have been exhumed following a court order. His family claims he was assaulted by TMC supporters, denied medical help, and forced to bury the body without a post-mortem. The exhumation was conducted for forensic examination to determine the cause of death, with the family seeking a CBI probe.
The Centre has informed the Delhi High Court that adults, including those in non-heterosexual relationships, should be allowed to nominate partners for medical decision-making in cases of incapacity. This submission comes in response to a petition seeking recognition of same-sex partners as medical representatives, with the government stating this approach aligns with existing legal and ethical frameworks, respecting patient autonomy and ensuring continuity of care.
