The Calcutta High Court has granted interim protection from arrest to TMC MP Abhishek Banerjee in three FIRs, expressing frustration over the numerous cases against him. The court directed police not to take coercive action until November 30 and questioned the motive behind the complaints, noting they were filed by a political rival.
The Congress party has strongly refuted claims by Parliamentary Standing Committee on Finance Chairperson Bhartruhari Mahtab that opposition MPs supported levying a Merchant Discount Rate (MDR) on UPI transactions. Congress MP Manish Tewari termed Mahtab's remarks "erroneous and fallacious," clarifying that the committee's recommendation was to "explore" revenue models, not to implement MDR. The party accused Mahtab of misleading due to his recent switch to the BJP.
The Calcutta High Court has extended interim protection for TMC MP Abhishek Banerjee until November 30, directing police not to take coercive steps in three criminal cases, stating that custodial interrogation is not necessary.
Mamata Banerjee, who founded the Trinamool Congress through an act of rebellion against the Congress, now faces a similar internal revolt that threatens the very identity of her party. The Election Commission's interim decision to withhold the TMC name and symbol for the upcoming bypolls highlights a deeper struggle for political inheritance. This situation, unprecedented for the party, forces both Mamata's loyalists and rebels to seek electoral recognition without their established identity, marking a significant challenge to her long-standing dominance.
Opposition parties, including Congress, TMC, and RJD, have strongly criticised the government's decision to impose a 0.4% Merchant Discount Rate (MDR) on UPI transactions exceeding Rs 2,000 made to merchants. They allege the move is a result of "American imperialism" and will lead to increased commodity prices, while the government maintains the charge is on merchants and not consumers, with person-to-person transactions remaining free.
The Indian government has introduced a 0.4% fee on UPI transactions above Rs 2,000 for merchants, effective October 15, sparking strong opposition from political parties and traders. Despite accusations of foreign influence and demands for a rollback, the finance ministry and top functionaries have stated there will be no reversal, citing the need for a self-sustaining digital payments ecosystem.
The opposition has intensified its criticism of the government's decision to impose a 0.4 per cent Merchant Discount Rate (MDR) on UPI transactions above Rs 2,000, effective October 15. Leaders like Rahul Gandhi and Jairam Ramesh allege the move is a result of US pressure, particularly from American card companies, and demand an immediate rollback, warning of increased costs for consumers.
The opposition has strongly criticised the government's decision to introduce a 0.4% Merchant Discount Rate (MDR) on UPI transactions above Rs 2,000 for merchants, effective October 15. They allege the move is a result of US pressure and will lead to increased commodity prices, calling it a "betrayal" of the common man. The government, however, clarifies that customers will not be charged, and the MDR applies only to merchants for larger transactions.
Kolkata Police have registered a suo motu FIR against former West Bengal Chief Minister Mamata Banerjee and Trinamool Chhatra Parishad (TMCP) organisers. The FIR alleges violation of Calcutta High Court conditions for a TMCP foundation day event, including breaching barricades, jostling with police, and disrupting traffic. The court had set conditions for attendance and maintaining law and order.
Members of the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) have indicated that interest rate hikes may be necessary sooner rather than later, as headline inflation is projected to rise from its current benign levels in the coming months, according to the minutes of the August review.
'A balance had to be struck between the economic cost of taking action at this point against the need not to fall behind the curve in controlling inflation and anchoring inflation expectations.'
The Calcutta High Court dismissed Trinamool Congress leader Abhishek Banerjee's plea to travel abroad for eye treatment after he declined to appear before a state-run medical board. The court deemed his appearance necessary to assess his medical condition, citing ongoing criminal investigations against him.
The West Bengal government has revoked the Banga Bibhushan award from Rajya Sabha MP Ananta Maharaj following his controversial remarks describing Netaji Subhas Chandra Bose as a 'war criminal' and questioning the Azad Hind Fauj's role in India's freedom struggle.
Parliamentary Affairs Minister Kiren Rijiju has accused the Opposition of setting pre-conditions for a debate on the critical NEET paper leak issue, stating that the government is ready for a comprehensive discussion.
The Calcutta High Court has directed the Mamata Banerjee-led Trinamool Congress to hold its July 21 Martyrs' Day rally near the Birla Planetarium instead of its traditional venue in front of Victoria House, citing concerns over traffic flow and law and order.
Amidst widespread student protests over the NEET paper leak, the Indian government has introduced the Public Examinations (Prevention of Unfair Means) Amendment Bill, 2026, in the Lok Sabha. The bill proposes significantly stricter punishments, including jail terms of up to 10 years and fines of up to Rs 50 lakh for individuals involved in paper leaks, and up to Rs 10 crore for organised crimes, aiming to enhance transparency and fairness in public examinations.
Parliament proceedings were stalled for the fourth consecutive day on Thursday as loud protests by an unrelenting opposition over the NEET paper leak and demand for Education Minister Dharmendra Pradhan's resignation reverberated in both Lok Sabha and Rajya Sabha, leading to adjournment of the two Houses for the day without transacting any business.
'The Rs 30,954 crore inflows recorded in May 2026 reflects around 16 per cent year-on-year rise.'
Systematic Investment Plan (SIP) returns for smallcap and midcap mutual funds have seen a significant rebound, with average one-year SIP returns now at 19.1 per cent for smallcap funds and 13.5 per cent for midcap funds, according to Value Research data. This recovery is expected to revive momentum in the retail mutual fund industry, which had experienced a moderation in growth indicators.
Union Finance Minister Nirmala Sitharaman on Thursday lashed out at TMC MP Saugata Roy for objecting to her speaking in Hindi on a bill, pointing out that the translation technology allows members to listen to speeches in any language.
The Calcutta High Court has appointed a retired judge as a special officer to manage the day-to-day expenses of the Mamata Banerjee-aligned Trinamool Congress (TMC) from three debit-frozen bank accounts. The accounts were frozen following a complaint by a rival TMC faction alleging they held proceeds of crime. The court allowed transactions for party expenses and legal costs, noting that the initial freezing lacked specific material basis and that the complainant had previously benefited from these accounts.
A rebel faction of the Trinamool Congress, led by Ritabrata Banerjee, has formally staked claim to the party's name and symbol before the Election Commission, alleging widespread support and opposing the current leadership's "dynastic politics." The main TMC leadership has strongly criticised the Election Commission for granting an audience to expelled members, accusing the BJP of influencing the poll body.
'It was done with record speed. First, a revolt of the MLAs, which was obviously engineered.' ''No one believed me when I said the MLAs breaking away is not the real issue.' 'It is like a comet. The head doesn't matter, the tail matters.' 'And the tail is Parliament. Suvendu has gifted the prime minister 20 MPs.'
Most members of the Reserve Bank of India's Monetary Policy Committee (MPC) expressed concerns about inflation becoming generalised and highlighted uncertainties surrounding both inflation and growth prospects due to the West Asia conflict, according to the recently released minutes.
Mamata Banerjee's Trinamool Congress has replaced Saayoni Ghosh as youth wing president and Mala Roy as women's wing president, amidst a significant rebellion within the party where dissident MPs claim to have the support of 20 of the party's 28 Lok Sabha members.
Rebel Trinamool Congress MP Arup Chakraborty on Monday said the breakaway faction is trying to "rectify" the party, and would fight for the control of its election symbol, even as the Mamata Banerjee-led outfit termed the move illegal under the anti-defection law.
Trinamool Congress (TMC) leader Abhishek Banerjee has formally petitioned Lok Sabha Speaker Om Birla to disqualify 20 rebel MPs, arguing their claimed merger with the lesser-known Nationalist Citizens Party of India (NCPI) is invalid under the anti-defection law.
The Calcutta High Court has granted interim protection from coercive action to Trinamool Congress MLA Paresh Ram Das in connection with six FIRs registered against him. The court directed that the investigation would continue and asked the MLA to cooperate with the investigating agency.
The Nationalist Citizens Party of India (NCPI) has named Jyotiprakash Chatterji as its new president, a development that follows the merger of a Trinamool Congress (TMC) rebel Lok Sabha faction with the party. This announcement by Kakoli Ghosh Dastidar, a key figure in the dissident camp, comes amidst speculation about the party's leadership after its founder stepped down. However, details about Chatterji and the party's internal workings remain unclear, with some existing members expressing unawareness of the change.
Senior Trinamool Congress (TMC) MP Sudip Bandyopadhyay's meeting with Union Minister Bhupender Yadav and allegedly with Home Minister Amit Shah has ignited fresh political speculation about his potential defection and the formation of a dissident parliamentary faction, further deepening the turmoil within the Mamata Banerjee-led party.
Mamata Banerjee's Trinamool Congress is grappling with an unprecedented political crisis following its recent electoral defeat, which has seen a significant number of its legislators openly challenging her authority and forming a rebel faction.
'Now if you break the party under the 10th Schedule you have to join another party.' 'You cannot join the NDA as it is not a party. You can only join another party, and that is the BJP.' 'So the question to ask is that these so-called 20 TMC Lok Sabha MPs who are parting ways with the TMC, are they ready to join the BJP and accept Narendra Modi as their leader?'
Union Minister Shivraj Singh Chouhan informed the Lok Sabha that government initiatives in the agriculture sector have doubled farmers' income through measures like MSP and fertiliser subsidies.
'When I asked Suvendu about the news that Didi was going to fight in his constituency, he said, 'Aami okhaney lorbo aar okhaney okey harabo (I will contest from there and defeat her there)' This was his comment while we were standing on the truck doing our roadshow.'
Uncertainties stemming from the West Asia crisis and its potential impact on inflation and economic growth were key factors in the Reserve Bank of India's Monetary Policy Committee (MPC) decision to maintain the status quo on interest rates, according to the recently released MPC meeting minutes.
'Gandhi was Thakur and Gabbar was Jinnah.'
Opposition leaders have criticised the alliance between AIMIM and a suspended TMC MLA for the West Bengal Assembly elections, fearing it will divide votes and weaken secular parties.
There is no cause for concern, as the overall situation arising out of the crisis is firmly under control, the Centre informed while briefing political parties at the all-party meet.
The Lok Sabha is debating an opposition resolution seeking the removal of Speaker Om Birla, citing alleged bias. The proceedings have been marked by heated arguments over who should preside during the debate.
He added that opposition parties were assured that their concerns regarding the impact of the West Asia situation on India and the safety of Indian citizens were addressed in detail.
