A member of the National Traders' Welfare Board (NTWB) has urged the central government to withdraw its decision to impose a 0.4 per cent Merchant Discount Rate (MDR) on UPI transactions exceeding Rs 2,000, effective from October 15. He warned that the new charge, which will be borne by merchants, could negatively impact business growth and lead to higher prices, contradicting the government's 'ease of doing business' policy.
Industry experts advocate for India to develop its own artificial intelligence (AI) safety framework, distinct from US or EU models, to address unique challenges like deepfakes and cyberattacks. They call for a comprehensive commitment involving all stakeholders and a hybrid regulatory approach combining voluntary and binding measures, as the Indian government also considers new AI regulations.
Israeli envoy Reuven Azar praised Indian Captain Smit Machchhar for foiling an alleged co-pilot's attempt to crash a flydubai plane en route to Tel Aviv. Azar detailed Israel's immediate response, including scrambling fighter jets, and highlighted the combined efforts of the captain, Israeli passengers, and crew in ensuring a safe landing in Saudi Arabia, saving nearly 180 lives.
The Indian men's chess team defeated Italy 3-1, with Nihal Sarin and D Gukesh securing key wins. The women's team also achieved a dominant 3.5-0.5 victory against Greece, maintaining their strong position in the 46th Chess Olympiad.
Independents have secured nearly two-thirds of urban wards in Bharatpur and Deeg districts, Chief Minister Bhajanlal Sharma's home turf, significantly outperforming the BJP and Congress in local body elections. This unexpected surge sets the stage for a political battle as both major parties vie for the support of these Independent councillors to form civic boards.
India's men's and women's chess teams are set to defend their respective Chess Olympiad titles, with strong lineups featuring world champion D Gukesh and in-form R Praggnanandhaa for the men, and Koneru Humpy leading the top-seeded women's squad.
IndiGo will have 74 of its 224 weekly international departures affected while Air India will relocate 33 of its 100 departures.
The Federation Equestre Internationale (FEI) has threatened to suspend the Equestrian Federation of India (EFI) due to its failure to finalise a new constitution and hold elections as directed by the Delhi High Court. The international body cited breaches of good governance principles and has given EFI until September 28 to provide an explanation before its board considers suspension on October 13. The crisis stems from long-standing governance disputes and divisions within the ad-hoc committee appointed to oversee the federation.
The Supreme Court has taken suo motu cognisance of recent heinous crimes against minor girls and women in the Delhi-NCR region, highlighting a systemic failure in law enforcement. Citing parallels to the 2012 Nirbhaya case, the court demanded accountability from authorities and sought comprehensive reports on public safety measures and the utilisation of the National Database on Sexual Offenders.
The Brazil national football team's training session in Kolkata drew an unprecedented media turnout, resembling a World Cup event, ahead of their friendly match against India. Despite the excitement, the event was marred by significant accreditation chaos for journalists. Head coach Carlo Ancelotti's squad is building towards the 2028 Copa America, with the India match serving as a crucial assessment opportunity.
Aerospace major Embraer and the Mahindra Group have identified Nagpur as a potential manufacturing hub for the C-390 Millennium military transport aircraft, should their bid for India's multi-billion-dollar Medium Transport Aircraft (MTA) deal be successful. This strategic partnership aims to establish a localised production and support ecosystem in India, aligning with the 'Make in India' initiative and strengthening the country's indigenous aerospace capabilities.
Manchester City could face severe sanctions, including fines, a points deduction, or even relegation, after an independent panel reportedly found the club guilty of 114 breaches of Premier League financial rules. The club, however, maintains its innocence and is expected to appeal, leading to a potentially lengthy legal process.
RBI Deputy Governor Shirish Chandra Murmu has dismissed concerns that the new Merchant Discount Rate (MDR) on UPI payments above Rs 2,000 will increase cash transactions. He also clarified the 'cash paradox' of rising digital payments alongside cash in circulation, explaining cash's dual role. Murmu further detailed the RBI's extensive regulatory changes aimed at reducing compliance burdens and emphasised that accountability for AI-driven decisions in finance will remain with institutional boards.
Alpine APL Pipers secured the top position in the Global Chess League after defeating PBG Alaskan Knights. However, Ganges Grandmasters and FYERS American Gambits are close contenders. Ganges Grandmasters also had a strong win against the Pipers, while CheQ Mumba Masters kept their final hopes alive with a decisive victory over Triveni Continental Kings, featuring wins from top players like Magnus Carlsen and Levon Aronian.
'In fact, when monetary policy has been deployed, it does not distinguish between types of shocks. It goes straight for the kill.'
The Lahore High Court dismissed Muhammad Rizwan's petition challenging notices from the National Cyber Crime Investigation Agency (NCCIA). The Pakistan Cricket Board (PCB) awaits the NCCIA's forensic report on mobile phones seized from Rizwan and Imam-ul-Haq to decide on potential disciplinary action against the players.
If the new MDR regime is rolled out from the middle of this month, as scheduled, it should count as one of the boldest political actions by the Modi government on an economic-policy issue, and a signal that it is less worried about erosion of political capital it draws from one of its key constituencies, notes A K Bhattacharya.
The Women's Golf Association of India (WGAI) is advocating for increased government support and improved grassroots infrastructure to make golf more accessible to young players in India. WGAI president Kavita Singh and Hero MotoCorp executive vice-president Sanjay Bhan challenged the perception of golf as an elitist sport, highlighting the need for public facilities and resources to foster talent and change mindsets. They stressed that government intervention is crucial for developing the sport and creating career opportunities beyond playing.
Hockey India president Dilip Tirkey has denied sanctioning an emergent Executive Committee Meeting called by secretary Bhola Nath Singh, intensifying an internal power struggle. The dispute stems from a jersey colour change controversy and the secretary's attempt to address various issues, including the Hockey India League's future and upcoming elections, which Tirkey claims is beyond his authority to convene.
The Delhi High Court has deferred the hearing on actor Salman Khan's plea to stay the release of the film 'Kala Hiran: The Battle for Legal' until July 6, as the movie has not yet been submitted to the censor board for certification.
The Central Board of Film Certification (CBFC) flagged the proposed screening of an uncertified documentary on jailed activist Umar Khalid at IIIT-Hyderabad, citing violations of the Cinematograph Act. IIIT-Hyderabad subsequently distanced itself from the event, stating no recognised student bodies had organised it. The screening, titled "Prisoner No. 626710 is Present," was reportedly cancelled by students, following a similar postponement at NLSIU Bengaluru due to opposition.
India on Tuesday reiterated the call for free and safe navigation in international waters and the unhindered flow of commerce through international waterways in the region after the Panama-flagged commercial vessel MT El Gaia came under attack off the coast of Oman, with 13 of the 14 Indian nationals on board rescued while search operations are underway for one missing seafarer.
The Akali Dal Waris Punjab De has announced Satwant Singh, son of Kehar Singh (convicted in Indira Gandhi's assassination conspiracy), as its candidate for the Bassi Pathana constituency in the 2027 Punjab Assembly elections. This move highlights the party's 'Panthic' principles and focus on families who sacrificed for the Sikh Panth.
Defending champions Alpine APL Pipers, led by World No. 1 Magnus Carlsen and Indian Grandmaster Vidit Gujrathi, defeated FYERS American Gambits 9-7 in a critical Global Chess League match. Carlsen ended Javokhir Sindarov's winning streak, while Gujrathi secured a marathon victory, propelling Pipers closer to a final berth.
Oxford United withdrew its "United 93" clothing line and apologised after recognising its association with the 9/11 hijacked flight, accepting responsibility and promising stricter merchandise approval processes.
Paraguay coach Gustavo Alfaro has called for a reassessment of pitch-side advertising boards at the World Cup after player Julio Enciso collided with one during their match against Australia. Alfaro expressed concerns about player safety due to the intensity of play and potential for injury. Despite the 0-0 draw, which leaves Paraguay's advancement uncertain, Alfaro remains optimistic about his team's performance.
Hockey India President Dilip Tirkey has lodged a police complaint against several HI officials, including the former Executive Director, accusing them of "criminal breach of trust, theft, endangerment of life and wrongful abandonment." The complaint stems from an incident where Tirkey's personal belongings, including medicines, were allegedly withheld after an official vehicle was recalled. This incident highlights an ongoing power struggle between Tirkey and HI Secretary General Bhola Nath Singh, exacerbated by past controversies like the saffron jersey fiasco and disputes over board meetings.
India's Sports Minister Mansukh Mandaviya has announced the formation of a 10-member Task Force, chaired by Niti Aayog's Yugal Kishore Joshi, to assess the feasibility and challenges of reviving Formula 1 in the country. The committee aims to develop a roadmap for India to host a Grand Prix by 2028, focusing on sustainable growth, policy interventions, and addressing past issues like taxation. The Adani group, owners of the Buddh International Circuit, will also be involved.
The main accused in a viral video harassment case from Jamui, Bihar, Nandan Yadav, has been arrested after being shot in the leg by police. The incident involved the harassment of a boy and a girl, sparking widespread criticism and leading to a police investigation and multiple arrests.
Despite a pre-event declaration by Hockey India president Dilip Tirkey that the teams would revert to blue uniforms, both the Indian men's and women's hockey teams played their opening Asian Games matches in saffron kits, reigniting a controversy over kit colour.
An independent commission has found Manchester City guilty of serious financial rule breaches over nine seasons, involving "sham" commercial contracts to inflate revenue and understate costs by over 900 million. The club denies wrongdoing and plans to appeal the decision, which could have significant consequences for its past and future achievements in English football.
The CBI has registered a case against Reliance Capital Limited (RCAP), its former chairman Anil Ambani, and others for an alleged Rs 2,684.57-crore fraud involving investments made by the Life Insurance Corporation of India (LIC). Anil Ambani has denied any wrongdoing. The LIC alleges criminal conspiracy, misrepresentation, and fraudulent diversion of funds.
Air India has suspended a pilot after he failed a breath analyser test at Zurich airport, prompting the airline to reinforce stringent regulatory compliance and accountability measures following recent safety incidents.
Police in Jamui, Bihar, have arrested two main accused in the molestation of a minor girl, bringing the total arrests to five. The arrests followed an encounter where the accused were injured. The incident, captured in a viral video, has ignited a fierce political debate between the ruling NDA and opposition parties over law and order in the state.
The Maharashtra Food and Drug Administration (FDA) has suspended the licences of several food establishments in Mumbai, including the Nair Hospital canteen and Olympia Coffee House, due to serious violations of food safety and hygiene standards. Inspections revealed issues like unsanitary conditions, improper food handling, pest infestations, and lack of trained staff. The FDA also cancelled licences of other businesses and seized unhygienic milk products as part of a festive season campaign.
The Global Chess League's halfway stage saw significant upsets and dramatic finishes, with Triveni Continental Kings defeating table-toppers Alpine APL Pipers. Ganges Grandmasters secured a crucial win against PBG Alaskan Knights due to a last-second time violation, while CheQ Mumba Masters maintained their strong performance. These results have intensified the competition for the top two positions.
Karnataka Transport Minister Byrathi Suresh was asked to deboard a state-run BMTC bus by its conductor because he did not have exact change for his ticket. The conductor, unaware of the passenger's identity due to his mask, insisted on exact change or UPI payment, which the minister could not provide. This incident occurred during the minister's incognito inspection of the transport department's functioning.
Indian hockey teams will return to their traditional blue jerseys for the Asian Games after a controversial shift to saffron kits sparked widespread criticism and internal discord within Hockey India. The decision to revert to blue was confirmed by HI president Dilip Tirkey, who had previously questioned the saffron kit's adoption without proper approval.
The BCCI has clarified that the Indian women's cricket team's decision not to accept the Asia Cup trophy from Asian Cricket Council's Pakistani chief Mohsin Naqvi was a "conscious, institutional" call, made due to prevailing circumstances and national sentiments.
Former chief selector and head coach Haroon Rasheed has attributed the decline of Pakistan cricket to the domestic structure changes implemented by former Prime Minister Imran Khan, who insisted on reducing first-class teams despite recommendations for a hybrid model.
