'There has to be a safe harbour for licensed entities, which have followed all the norms prescribed by the RBI.'
Xiaomi has unveiled its first mid-sized book-style foldable in China, called the Xiaomi 18 Fold. Designed to blend compact dimensions with a larger viewing area, the handset folds down to roughly passport size and opens into a 7.58-inch tablet-style screen. Despite its larger inner display, it weighs just 219 gm and is 5.02 mm slim when opened.
Rajasthan Governor Haribhau Bagde highlighted ethanol's potential to protect India from volatile petroleum markets and geopolitical risks, advocating for its widespread production and use. He, along with other officials, emphasised ethanol's role in strengthening the rural economy, ensuring timely cane payments, and combating carbon emissions, while also discussing its historical context and current government support.
The Supreme Court has issued interim directions regarding nationwide protests over the NEET paper leak, ordering the release of minor student protesters without criminal records and directing states to preserve all digital evidence. The court also called for a fair and independent investigation into allegations of police excesses against students, while also acknowledging concerns for injured police personnel.
Finance Minister Nirmala Sitharaman has strongly refuted Opposition allegations that the decision to levy a 0.4 per cent Merchant Discount Rate (MDR) on specific UPI transactions above Rs 2,000 was influenced by external pressure. She clarified that the decision was a professional one made by the payment ecosystem, not a government imposition or a tax on consumers, with collected funds distributed among banks and UPI entities to ensure a sustainable digital payments framework.
The Indian Super League (ISL) is set to return to its traditional home-and-away format for an extended eight-month season from October 2026 to May 2027.
Saudi Arabia's East-West pipeline shutdown could make crude costlier for India as refiners face fewer supply routes and rising freight and insurance costs.
Mohun Bagan secured their 31st Calcutta Football League Premier Division title, their first since 2018, with a dramatic 3-2 comeback win over Mohammedan Sporting despite being down to 10 men. Sahal Abdul Samad scored a brace, and Sayan Banerjee netted the winner, ending an eight-year title drought for the Mariners.
Finance Minister Nirmala Sitharaman clarified that the proposed Merchant Discount Rate (MDR) on select high-value UPI transactions is not a tax or cess, and its collections will not go to the government. She explained that MDR is a charge within the digital payments ecosystem, shared among participants to maintain infrastructure, and will not be passed on to consumers. The NPCI's new framework, effective October 15, applies a 0.4% MDR on person-to-merchant UPI transactions above Rs 2,000, with most transactions remaining free and small merchants exempt.
India A will play three four-day matches against New Zealand A in Christchurch starting October 24, serving as a crucial build-up for the senior Indian team's two-Test series against New Zealand later in the tour. These matches are part of New Zealand Cricket's domestic red-ball schedule.
BJP MLC Parinay Fuke claimed NCP (SP) MLA Rohit Pawar was considering joining the Congress, citing deteriorating relations with Supriya Sule. In response, Pawar accused Fuke of shielding alleged corruption, particularly concerning illegal sand businesses, paddy procurement issues, and irregularities in an employment guarantee scheme, challenging him to address farmers' concerns instead of making baseless claims.
The Delhi High Court has refused anticipatory bail to YouTuber Ajeet Bharti in a case involving alleged casteist remarks against Nagina MP Chandrashekhar Azad, citing a statutory bar under the SC/ST Act.
Government sources clarify that the 0.4% merchant discount rate (MDR) on UPI transactions above Rs 2,000, effective October 15, will not be passed on to consumers. The charge, paid by merchants, aims to create a sustainable revenue framework for the digital payments ecosystem, with funds shared among banks and UPI entities. Small merchants using QR codes for up to Rs 1 lakh monthly are exempt.
Retired IPS officer Kiran Bedi has sought to intervene in a Delhi High Court case regarding the collapse of a hostel building in Satya Niketan, which resulted in seven deaths. The court acknowledged her experience despite opposition from the Centre, Delhi government, and MCD, who were given three days to respond to her plea. The High Court had previously ordered an inquiry into the September 6 collapse, highlighting concerns about housing safety and regulatory measures.
Shiv Sena (UBT) MLC Ambadas Danve has accused the Maharashtra government of attempting to protect police personnel allegedly involved in the death of a teacher, Suresh Borse, in Ellora. Borse's family claims he was beaten to death, with police involvement. Danve stated he would raise the issue with the Chief Minister and shared a social media post showing a police officer with an alleged accused.
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.
A stranded message that failed for three days over telephone lines was delivered in minutes by a MiG-21 pilot flying above the desert.
The Delhi High Court has issued an interim order protecting cricketer Yuvraj Singh's personality rights, restraining third parties from the unauthorised use of his name, image, voice, and likeness, including the sale of merchandise and the creation of AI-generated or deepfake content.
Retired IPS officer Kiran Bedi on Thursday approached the Delhi high court seeking to be made a party in a matter concerning the hostel building collapse in Satya Niketan that left seven people dead, saying she wanted to bring forth "critical public domain disclosures" and the "nexus" in the operation of PG hostels.
The BJP has condemned the attack on Enforcement Directorate (ED) officials in Kerala during raids linked to former chief minister Pinarayi Vijayan, accusing the Left and the Congress of shielding corruption.
The Supreme Court commuted the death sentence of a man convicted of sexually assaulting and strangling his six-year-old step-daughter to life imprisonment for the remainder of his natural life. The court affirmed his conviction but cited mitigating circumstances and the state's failure to exclude the possibility of his reformation, while also highlighting issues with the trial court's sentencing procedure.
Demolition work at the Delhi Race Club commenced in the morning hours on Thursday, shortly after the Centre took possession of the club's 53-acre premises, marking a dramatic end to horse racing activities at the century-old institution.
Foreign institutional investors have withdrawn nearly $40 billion from Indian equities in the last two years and, according to Bernstein analysts, have 'little reason' to invest for the long-term, though they may 'return to trade'. The brokerage highlights challenges such as struggling large-caps, disruption from new technologies, and difficulties accessing small- and mid-caps (SMIDs) at an institutional scale.
Avengers: Endgame Encore adds four crucial scenes that connect the old MCU to Avengers: Doomsday, from Loki's shocking return to Doctor Doom's sinister plans for the multiverse.
The Finance Ministry has clarified that the decision to impose a 0.4% Merchant Discount Rate (MDR) on UPI transactions above Rs 2,000 was made independently, refuting claims of foreign influence. The ministry stated the policy aims to build a self-sustaining digital payments ecosystem, with MDR funding infrastructure and supporting small merchants.
The Union Cabinet has approved a significant increase in the mandatory EPFO wage ceiling from Rs 15,000 to Rs 25,000 per month, a move expected to bring over 51 lakh additional employees under mandatory social security coverage.
The Finance Ministry has refuted allegations that US pressure influenced the decision to levy a 0.4% Merchant Discount Rate (MDR) on select UPI payments. It clarified that NPCI guidelines prioritise RuPay credit cards on UPI to foster a domestic payment ecosystem and that the MDR introduction aims to create a sustainable revenue model for smaller domestic companies, thereby protecting India's sovereignty in digital payments.
India-EU FTA opens a bigger European market for Indian carmakers while giving European brands greater access to India.
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.
Manchester City has reportedly accepted a 65.4 million bid from Barcelona for their World Cup-winning Spain midfielder Rodri, who has agreed a four-year deal with the Spanish champions.
Your credit card may have security controls you rarely use. Here are seven settings that can help prevent unwanted or fraudulent transactions.
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.
Opening batsman Jake Weatherald has been dropped from Australia's squad for the second Test against Bangladesh due to poor form, with Matt Renshaw named as his replacement. Weatherald's average stands at 20.36 in six Tests, while Renshaw returns after a strong domestic season.
The political confidence required to place high-end Japanese aircraft and personnel on Indian soil is itself a data point.
It indicates a level of trust that would have been difficult to imagine when India-Japan defence ties were largely symbolic, explains Varun Arya.
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.
Maharashtra Deputy Chief Minister Eknath Shinde has announced the suspension of Shiv Sena Palghar city president Rahul Gharat following an alleged assault on hospital staff, including a doctor, by party functionaries. The incident occurred at Relief Hospital in Palghar over a dispute concerning medical bills for Dahi Handi participants. Shinde condemned the violence, stating that such behaviour would not be tolerated and that grievances should be addressed through legal channels.
Legendary cricketer Ian Chappell has strongly criticised Australian selectors following their nine-wicket defeat to Bangladesh in the first Test at Darwin, demanding significant changes to the team's selection process and personnel.
It is important to understand that the rupee's appreciation, driven by the 2013 special swap scheme, reduced India's import costs for petroleum, oil, and gold, points out Dr Ashwani Mahajan, National Co-Convenor, Swadeshi Jagaran Manch.
The US District Court for the Eastern District of New York has revoked the naturalisation of Gurmeet Singh, an Indian-origin man, after he was convicted of rape and kidnapping. Singh had concealed these serious criminal acts during his naturalisation process, leading to the federal court's decision to strip him of his US citizenship.
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."
