Opposition MPs have voiced strong concerns regarding the government's decision to levy a 0.4 per cent fee on UPI payments above Rs 2,000 made to merchants, effective October 15. They argue that this "anti-people" move will negatively impact a large segment of the population, despite the finance ministry clarifying that the charge is on the merchant ecosystem and not directly on customers for P2P or small payments.
The Indian government has introduced a 0.4 per cent charge on UPI payments exceeding Rs 2,000 made to merchants, with a cap of Rs 300 for transactions of Rs 75,000 and above. This policy shift ends the zero-MDR regime, which was previously criticised by financial institutions. While essential sectors and capital markets have specific fee structures, small merchants with monthly UPI QR code earnings up to Rs 1 lakh remain exempt. Person-to-person transfers are unaffected, and measures are in place to prevent merchants from passing these costs to customers.
The Indian government has introduced a 0.4% fee on UPI transfers above Rs 2,000 made to merchants, effective October 15, ending nearly six years of free merchant payments. This move led to initial rallies in fintech stocks like Paytm and Mobikwik, though some later pared gains. Person-to-person transactions and small payments remain free for customers, with the fee being a Merchant Discount Rate (MDR).
Former Haryana Chief Minister Bhupinder Singh Hooda has criticised the newly introduced fees on UPI payments, stating they will lead to increased inflation for the common man. He dismissed government claims that customers would not be burdened, arguing that merchants would pass on the costs. Hooda demanded the immediate withdrawal of these fees, highlighting that the government's move contradicts its 'Digital India' initiative.
New research published in the European Heart Journal indicates that even low levels of night-time light exposure, as little as 3 lux, are associated with detrimental changes in heart structure and function. A study involving over 11,000 participants found that increased light at night led to thickening of the left ventricular walls and reduced myocardial contraction, suggesting early heart dysfunction and increased risk of heart failure. Researchers highlight night-time light as a modifiable risk factor for cardiovascular disease.
A clerk at a private construction firm in Jharkhand's Giridih district was allegedly abducted and murdered after he refused to prepare inflated fuel bills, leading to the arrest of four individuals, including two company employees.
Experts laud the decision to impose a 0.4 per cent Merchant Discount Rate (MDR) on UPI transactions exceeding Rs 2,000, effective October 15. This move, along with a dedicated fund for small merchants, is seen as crucial for creating a sustainable digital payments ecosystem, incentivising expansion in rural areas, and funding innovation while keeping most transactions free for users.
The Indian government has introduced a 0.4 per cent Merchant Discount Rate (MDR) on UPI payments exceeding Rs 2,000 made to merchants, effective from October 15, with a comprehensive framework set to take full effect by October 15, 2026. This policy aims to regulate transaction fees while protecting small merchants and person-to-person transactions.
'This rise in foreign exchange reserves was expected given the amount of FCNR(B) flow.'
Sandeep, son of noted art director Anand Sai, has been arrested in Hyderabad following a fatal road accident on August 31. A 31-year-old pedestrian died after being hit by Sandeep's car, which also struck an MPV driver attempting to assist the initial victim. Sandeep, an architect, fled the scene but was later apprehended based on CCTV footage.
Additional District and Sessions Judge Ravi Kumar Diwakar of Muzaffarnagar has declared he would prefer death over being a "coward judge," delivering his 23rd capital punishment in four months, this time in a dowry death case. He asserted he would not succumb to pressure from mafias and criminals, despite receiving threats and having numerous cases transferred from his court.
A 26-year-old man seeking infertility treatment was found to have a uterus and fallopian-tube-like structures, along with undescended testes, revealing a rare congenital condition called Persistent Mullerian Duct Syndrome (PMDS) that had remained undiagnosed until adulthood.
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.
A new report by CIEL HR indicates a massive 260 per cent year-on-year surge in demand for Agentic AI engineers in India by 2026. This growth highlights AI's increasing role in automating routine tech functions and the evolving landscape of technology skills, prompting organisations to invest in reskilling and talent development to meet the rising demand for AI, cloud, and cybersecurity expertise.
Kerala's state-run Bevco has reported record liquor sales during the first eight days of the Onam festive season, reaching Rs 771.29 crore, surpassing last year's figures. Officials anticipate this year's total sales will exceed the Rs 826.38 crore recorded in 2025, despite a slight dip in Uthradam day sales compared to the previous year.
Electric commercial vehicle manufacturers in India are struggling to meet localisation requirements under the PM eDRIVE scheme, set to begin on Tuesday. The Society of Indian Automobile Manufacturers (Siam) has requested a seven-month extension until April 1, 2027, citing disruptions in the supply of rare earth magnets due to China's export restrictions and geopolitical tensions. The government is yet to decide on the request, which aims to prevent production disruptions and allow time for local supply chain development.
India's passenger vehicle sales are estimated to have surged by approximately 35 per cent to about 4.5 lakh units in August, driven by strong performances from major automakers like Maruti Suzuki India, Tata Motors Passenger Vehicles, and Mahindra & Mahindra, with the industry entering the festive season with optimism.
Woman Fide Master Pratitee Bordoloi and Grandmaster-elect Mayank Chakraborty have emerged as sole leaders in their respective categories at the Asian Junior Girls Classical Chess Championship and Open Championship in Mumbai after seven rounds. Both players secured crucial results to maintain their half-point advantage over their nearest rivals as the tournament progresses to its decisive stage.
Sikkim has identified 40 high-hazard glacial lakes, with 16 at the highest risk of catastrophic outbursts. Following a devastating GLOF in 2023, the state is developing India's first dedicated GLOF Risk Mitigation Protocol, using advanced monitoring and interdisciplinary approaches to protect downstream settlements and serve as a model for other Himalayan regions.
Indian chess players Vignesh Vermula and Saranya Devi secured gold medals in the Open and Girls blitz sections respectively at the Asian Junior Chess Championship, marking a strong start for the nation. Vermula, a 23rd seed, won on tie-breaks, while Saranya, seeded ninth, displayed tactical precision to claim her title.
Investors should cap gold allocation at 10-15 per cent and consider staggered purchases through gold ETFs.
The Delhi High Court has highlighted the paradoxical nature of marriage, noting that unresolved issues can turn a "better half" into a "bitter half." These observations were made while acquitting a man, Nafe Singh, who was previously sentenced for attempting to murder his wife by pouring insecticide into her mouth. The court found insufficient evidence regarding his intent, granting him the benefit of doubt.
The Delhi High Court has ruled that live-in relationships between consenting adults are akin to marriage, granting police protection to a couple facing threats. The court emphasised that fundamental rights to choose a partner cannot be curtailed by societal prejudices, reinforcing the legal sanctity of such relationships.
Six individuals, including the alleged mastermind and a website developer, have been arrested for operating a sophisticated fake airline job racket. The fraudsters used social media ads and fake websites to solicit fees for aviation diplomas, promising jobs at Indira Gandhi International Airport, and duped numerous job seekers before being caught.
The Kerala high court has delivered a landmark judgment, empowering Christian women in India to file for divorce from their current place of residence, thereby removing a significant procedural hurdle and ensuring equal access to justice.
The Federation of Indian Pilots has requested the DGCA to increase random drug testing for pilots, aiming to enhance aviation safety.
Rental yield can indicate whether a property is undervalued, overvalued or fairly valued.
Infrastructure major Larsen & Toubro (L&T) has secured a mega order, valued between Rs 10,000 and Rs 15,000 crore, to construct India's largest single-cluster artificial intelligence (AI) infrastructure facility. This strategic move marks L&T's entry into the AI Factory business, aiming to establish an NVIDIA B300-based AI Factory in Chennai to power the AI-native cloud platform of US-based Together AI, thereby strengthening India's AI ecosystem and supporting global innovation.
The Supreme Court of India has dismissed a petition seeking to abolish execution by hanging, affirming its legality while strongly emphasising that the State must carry out capital punishment in a manner that minimises suffering and preserves human dignity, even for condemned prisoners.
A think tank, GTRI, has urged India to resist US pressure regarding its UPI policies, advocating for competition, policy autonomy, and a sustainable payments ecosystem. This comes as the Lok Sabha passed a bill allowing charges on UPI, and the US has criticised India's digital payment systems, raising concerns about the future of India's digital payment landscape.
A CRPF Assistant Sub-Inspector in Assam's Nagaon district shot dead two colleagues and injured another before taking his own life at their camp. An inquiry has been ordered into the tragic incident.
A 21-year-old man, Amit, is accused of brutally stabbing a 28-year-old teacher, Sandhya Sharma, to death in Faridabad. Police investigations reveal that Amit had planned the murder for nearly two months, purchasing a knife specifically for the crime. The motive appears to be unreciprocated feelings and resentment after Sharma had previously filed a molestation complaint against him.
A 32-year-old woman in Mathura has been accused of strangling her three-year-old son to death because he was crying while she was on a phone call with her alleged lover. The incident came to light when her husband overheard her confessing, leading to a police investigation and plans to exhume the child's body for a post-mortem.
Total automobile retail sales in India surged by 25.89 per cent year-on-year to 25,91,138 units in July, driven by GST rationalisation, ease of retail finance, and favourable festival timing, according to the Federation of Automobile Dealers Associations (FADA). This marks the first time all vehicle categories recorded their best-ever July sales.
A student who hacked the websites of IIT-Kanpur and IIT Madras after being denied admission to IIT-K's cybersecurity programme may be given another chance. IIT-K is considering assessing his technical skills instead of pursuing legal action, acknowledging his claim that he only wanted to demonstrate his capabilities.
The Lok Sabha has passed a Bill to amend the Payment and Settlement Systems Act, 2007, authorising the government to permit banks and service providers to levy charges on UPI and other electronic payment modes. This move aims to create a sustainable revenue model for the digital payments ecosystem, shifting from the current exemption of UPI transactions from such charges.
A Delhi court has denied bail to Raj Kumar, an accused in an inter-state child trafficking racket, emphasising that child trafficking is a "heinous scourge" and an "onslaught on the moral conscience of civilised society." The court highlighted the vulnerability of children and the commercialisation of infants, noting that the complainant's newborn is still missing and the accused's wife has prior involvement in similar cases.
An Indian-American US Army surgeon in an innovative procedure removed a golf ball-sized tumour developed at the base of the brain by sending an endoscopic device through the patient's nose. Major Jagatkumar Patel, an anterior surgeon at the Walter Reed National Military Medical Centre near Washington, DC, along with neurosurgeon Army Lt Col Charles Miller, carried out the surgical procedure on Marine Corps Staff Sergeant Andy Archer, who lived with the tumour for 15 years.
An Indian-origin diamond businessman, Dhiru Ramani, abducted in Mali in April, has been freed after his family reportedly paid a 4 million euro ransom. Ramani, originally from Gujarat, remains in Mali for questioning by local authorities.
The Karnataka High Court has strongly criticised a judicial officer, Principal Civil Judge Gayathri of Malur, for her 'wholly unbecoming' conduct in an alleged road rage incident, where CCTV footage showed her and her husband engaging in a verbal altercation after their car was overtaken. The court also raised concerns about the alleged misuse of her official position to initiate criminal proceedings against citizens, including a 70-year-old man.
