Congress leader Rahul Gandhi has accused the Modi government of quietly paving the way for imposing fees on UPI transactions, alleging it's a surrender to American pressure. The government's recent notification exempts charges only up to Rs 2,000, sparking concerns that higher value transactions and eventually all UPI payments could incur fees. Finance Minister Nirmala Sitharaman, however, clarified that Merchant Discount Rate (MDR) applies to merchants, not customers, and supports digital infrastructure.
Rahul Gandhi accuses the government of using the women's reservation bill as a smokescreen to manipulate India's electoral map and diminish representation for certain states.
The Reserve Bank of India (RBI) has introduced new features for India's digital payment ecosystem, including UPI tap-to-pay for PIN-less transactions up to 5,000 and multi-currency capabilities for forex on Bharat Connect, supporting Euro, British Pound, and other major currencies.
A high-level committee, including representatives from banks and payment associations, is set to decide on Merchant Discount Rate (MDR) for UPI transactions exceeding Rs 2,000 to merchants. While person-to-person and person-to-merchant transactions up to Rs 2,000 remain free, the move follows a recent amendment to the Payment and Settlement Systems Act, sparking debate and clarification from the Finance Minister that only certain high-value merchant transactions might incur charges.
Congress general secretary Jairam Ramesh has alleged that the BJP's "real and ultimate target" in seeking a two-thirds majority in the Lok Sabha is to amend the Constitution to end reservation, rather than genuinely implement women's reservation.
Union Law Minister Arjun Ram Meghwal on Wednesday moved the women's reservation bill for passage in the Lok Sabha, saying it is a very important bill and urging members to pass it with unanimity.
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 challenge for India lies in navigating complex landscape to its best advantage. The BRICS Summit will test its navigation skills, asserts former foreign secretary Shyam Saran.
The Lok Sabha is set to expand to 815 seats, with 272 seats reserved for women, according to Union Law Minister Arjun Ram Meghwal. The move aims to implement the women's quota without disadvantaging men or any state. The proposed legislations also include provisions for reservation for women from SC and ST categories within the women's quota.
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.
The Central Reserve Police Force has suspended a senior DIG-rank officer for sharing content allegedly "against" the government during the recent passage of the Central Armed Police Force bill, which the cadre officers of these forces had called discriminatory.
The Indian government has introduced a 0.4% transaction fee on Unified Payments Interface (UPI) payments exceeding Rs 2,000 for merchants, effective October 15, marking the end of nearly six years of free service. Person-to-person transfers and small-value transactions below Rs 2,000 remain free. The new Merchant Discount Rate (MDR) is capped at Rs 300 for transactions above Rs 75,000, with differentiated rates for essential sectors and investments, and safeguards to prevent costs from being passed to consumers.
NDA leaders have defended proposed amendments to the Women's Reservation Act and the Delimitation Bill, 2026, arguing women have waited long enough for reservation, while opposition parties allege the process could undermine India's federal and democratic structure, particularly impacting southern states.
Moody's Ratings has sharply increased India's GDP growth forecast for fiscal 2026-27 to 7 per cent, making it the fastest among G20 economies, driven by economic resilience despite the Middle East conflict. However, the agency flagged significant inflation risks stemming from elevated oil prices and potential El Nino disruptions.
The opposition on Tuesday termed as an 'election jumla' the women's reservation bill brought by the government with many leaders raising questions over the proposed legislation, contending it doesn't account for reservation for OBC communities and that it will be effective at the earliest by the 2029 Lok Sabha polls.
Prime Minister Narendra Modi will address the nation tonight at 8.30 PM, a day after a bill to implement women's reservation in legislatures was defeated in the Lok Sabha.
Once more women assume leadership roles and join the nation-building process, he said, adding they will become a guarantee of the country's bright future.
Prime Minister Narendra Modi appealed to Lok Sabha members to vote for the women's reservation bill, emphasising the need to empower women and rectify decades of political inaction.
A Constitution Amendment Bill aimed at implementing 33 per cent reservation for women in legislatures and increasing Lok Sabha seats was defeated in Parliament, marking a setback for the government's efforts to empower women in politics.
Urban Indian millennials are caught in an algorithmically amplified consumption spiral where social media normalises spending patterns that systematically undermine retirement security.
Making UPI payments fee-based for some transactions could enhance mental reservations against digital payments -- which have largely been overcome -- once more. Do we want to regress?, asks R Jagannthan.
Prime Minister Narendra Modi has accused opposition parties of obstructing the passage of the women's reservation bill in Parliament, alleging they have crushed the dreams of women and prioritised selfish politics over national progress.
The Congress on Monday said it welcomed the reported move as the party has been raising the demand for long.
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.
A day before her scheduled appearance before the Enforcement Directorate in the Delhi excise policy case, Bharat Rashtra Samiti leader K Kavitha led a hunger strike here on Friday seeking the passage of the long-pending Women's Reservation Bill in this Budget session of Parliament.
Do not share OTPs, PINs, authentication codes, card numbers, card verification values (CVVs), KYC details, security answers, Internet-banking passwords or Aadhaar-based authentication credentials through SMS, e-mail or phone calls.
Mumbai police have registered a case against the organisers of a BJP rally after a woman's outburst over the resulting traffic jam went viral. The rally, held to celebrate the women's reservation bill, allegedly violated norms, leading to the police action.
TMC MP Mahua Moitra has written to Lok Sabha Speaker Om Birla, seeking his intervention after she was allegedly forced to vacate a circuit house in Nadia district, claiming harassment and threatening legal action. She reported a crowd shouting 'Jai Shree Ram' slogans outside the premises after her refusal to leave.
'The reason why they rushed through the bill was they wanted to avoid using the 2026 Census because the 2026 Census by their own decision will be a caste census.' 'The BJP knows that a significant share of the OBCs who will get captured in the census, for the first time after the 1931 Census, are against the BJP. Only a segment of the OBCs are in their favour.' 'So they wanted to avoid the OBC reservation among women, which is a demand of a lot of Opposition parties.'
Reserve Bank Deputy Governor S C Murmu has highlighted the "cash paradox" where currency in circulation continues to grow despite a significant increase in digital payments. This trend complicates the RBI's forecasting and planning for currency production and distribution, prompting the central bank to seek solutions and explore ways to extend banknote life and reduce the carbon footprint of the cash cycle.
While the BJP and the Congress have always supported the bill, opposition by other parties and demands from some for quota for backward classes within the women's quota have been key sticking points.
The contraction in total reserves was driven by a fall in gold reserves, which dropped $13.49 billion to $117.19 billion during the reported week.
Home Minister Amit Shah has offered to hold a comprehensive debate in Parliament on student protests and other pressing issues, but Congress leader Rahul Gandhi has swiftly rejected the proposal, demanding accountability for actions against students.
It's not about how much you earn -- it's about how you borrow and repay.
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.
Women politicians bring to politics and policy a sensitivity that most of their male counterparts, at least until a generation back, lacked.
Actor-MP Kangana Ranaut and movie legend Sharmila Tagore are embroiled in a public debate over Vande Mataram.
According to a bulletin issued on Wednesday, 'The Constitution (One Hundred and Thirty-First Amendment) Bill, 2026', 'The Delimitation Bill, 2026' and 'The Union Territories Laws (Amendment Bill), 2026' will be introduced and debated for passage in the Lower House.
The Congress party in Haryana boycotted a special session of the state assembly, accusing the ruling BJP of using the platform for political propaganda related to a defeated Constitution amendment bill on women's reservation. The BJP criticised the Congress's move as anti-women.
