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.
Jammu and Kashmir Chief Minister Omar Abdullah has expressed support for the Centre's decision to levy charges on UPI transactions, citing the cost of maintaining the digital payment infrastructure. However, he emphasised the need to protect retail consumers from these fees. Abdullah also discussed the upcoming seven-day Assembly session, highlighting the government's commitment to smooth functioning and addressing MLAs' concerns, and touched upon efforts to tackle drainage issues affecting water bodies.
Minister of State for Telecom Chandra Sekhar Pemmasani urged BRICS nations to collaborate on building institutional capacity and advocating for fair standards in international telecom and ICT bodies. He highlighted India's willingness to share its modular, open-source digital public infrastructure frameworks like Aadhaar and DigiLocker, emphasising their role in sustainable development and economic growth across the Global South.
India's position appears to be anchored around three red lines: Hasina's safety and the guarantee of a fair trial; assurances that Bangladeshi territory will not be used for activities hostile to India; and the restoration of an inclusive democratic process in Bangladesh.
Maa Mansa Devi, revered as the Hindu goddess of serpents, is worshipped for protection from snakebites, fertility and prosperity. She is also popularly known as the wish-fulfilling goddess. In Hindu mythology, Mansa is associated with sage Kashyapa and is regarded as the sister of Vasuki, the serpent king.
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.
'Ultimately, banks are a channel for people to get some long-term return, and this means banks need to adjust their asset-liability mismatch.' 'Customers also need long-term deposits, say those of three-five years. How would they get them if returns on those deposits do not climb?' 'Otherwise, on fixed deposits, a senior citizen doesn't get anything.'
Prime Minister Narendra Modi lauded India's 7.8 per cent GDP growth, achieved despite global conflicts and instability. He emphasised the importance of Swadeshi and self-reliance for a developed India by its 100th year of Independence, urging citizens to avoid unnecessary foreign expenditures.
What happens to my money if the market falls off a cliff tomorrow? Sandipan Roy, CIO, Motilal Oswal Private Wealth has the answer.
Indian tennis prodigy Manas Dhamne, 18, discusses his journey as a professional, highlighting the need to regain his instinct for closing out tight matches and achieving consistent performance. Despite recent challenges, Dhamne believes his game is strong and focuses on mental consistency and continuous improvement rather than major technical changes or specific ranking targets.
It is very unfortunate that China has decided to proceed with the controversial mega hydropower plants(despite the apparent opposition of many scientists in China). Why is Delhi silent about the development? asks Claude Arpi.
Indian women's hockey coach Sjoerd Marijne discusses the team's preparations and strategy for the upcoming Asian Games. He highlights the different challenge posed by lower-ranked opponents compared to the World Cup, emphasising the need for effective scoring and maintaining focus. Marijne also stresses using the World Cup disappointment as motivation for gold and the importance of humility and unity within the team.
Indian Olympic Association (IOA) CEO Raghuram Iyer announced a massive nationwide talent hunt targeting children aged 5 to 15 to identify and nurture future athletes, aiming for 30-40 medals at the 2036 Olympics.
Celebrations marking India's 80th Independence Day in the New York tri-state area culminated in a world record, with more than 1,300 US flags surrounded by Indian tricolours arranged to form the number "250", in a tribute to America's semiquincentennial anniversary.
SEBI Chairman Tuhin Kanta Pandey stated that the National Stock Exchange (NSE) has not submitted any proposal seeking approval to trade on its own platform after getting listed, and such trading is currently not permitted. He also confirmed that SEBI would examine concerns raised by brokers and asset management companies regarding the new UPI Merchant Discount Rate (MDR) framework.
The FCNR (B) stratagem relies on using public money to defend the rupee. The State subsidises foreign borrowing to attract dollars. This tool requires large-scale borrowing to make a material difference against a gross external flow of $11 billion a day. A commensurately large fiscal cost falls upon the exchequer. The ministry of finance will choose how much it is willing to spend in exchange for this round number, points out Ajay Shah.
'China wants to control and divert rivers.'
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.
Air India and Air India Express are implementing mandatory psychoactive substance testing for all their 5,000+ pilots. This decision follows an incident where the pilot of a Phuket-Delhi flight, which experienced a sudden altitude drop injuring 24 people, tested positive for marijuana. The testing aims to enhance safety standards and reassure passengers.
India is hosting the 18th BRICS Summit in New Delhi, bringing together numerous world leaders including presidents from China, Russia, South Africa, Iran, and Egypt, along with prime ministers and foreign ministers from other nations. The summit will feature bilateral talks and highlights the expanded BRICS grouping's growing global influence and India's significant role as a founding member and current chair.
Prime Minister Narendra Modi hosted a gala dinner for BRICS Summit leaders and delegates at Bharat Mandapam. The menu featured a range of Indian delicacies, including starters like 'khandvi mille' and 'khumb galouti', main courses such as 'paneer lababdar' and 'gucchi marmik', and desserts like 'shahtoot phirni'. The dinner was accompanied by a cultural performance.
Sculptor Akash Tirmal explains how he designed the 22 feet idol of Ganesh Galli's MumbaiCha Raja using Plaster of Paris, without any readymade moulds.
The Supreme Court has expressed shock over numerous deaths, including unnatural ones, in relief camps for internally displaced persons (IDPs) in Manipur. It directed the state's chief secretary to explain steps taken for investigation, criminal proceedings, and ensuring safety, questioning low compensation and incomplete post-mortems. The court also sought a report from MSLSA and urged expeditious trials in violence-related cases.
A Kishore Kumar song, a birthday cake, a prince's break from protocol to thank his driver, a Persian painting on the ceiling of the presidential residence -- the BRICS Summit had many memorable moments.
The Indian government has introduced a 0.4% transaction fee on UPI payments above Rs 2,000 for merchants, effective October 15, sparking a political row. The Congress party has labelled it a "Modi tax" and accused the government of succumbing to US pressure, while the BJP has defended the move, clarifying that consumers will not be charged and small vendors are protected. The finance ministry reiterated that the charge is on merchants, not customers.
TRAI Chairman Anil Kumar Lahoti has called for robust safeguards, human oversight, and intervention capabilities as Artificial Intelligence becomes increasingly integrated into telecom networks. While acknowledging AI's potential to transform network management and threat detection, Lahoti stressed the need for responsible AI deployment, risk assessments, and clear accountability to ensure consumer trust and prevent misuse, especially in combating online fraud.
'The biggest difference between our marriage and that of our parents' generation is not simply that times have changed. It is that modern marriages require two people to continuously understand, support and adapt to each other while navigating a much more demanding world,' says Rahul Kulkarni.
The Ministry of External Affairs reported that 275 Indians remain missing following devastating flash floods along the Nepal-Tibet border, while 166 others have been rescued. India has supplied 95 tonnes of relief material and deployed 54 personnel, including rescue and forensic experts, to assist Nepal. The death toll in Nepal has reached 1,295, with thousands still missing, and significant infrastructure damage reported. India has also highlighted the need for developed countries to lead in climate change action.
Indian spinner Varun Chakravarthy emphasises the importance of focusing on the 'process' rather than 'results' to maintain consistency and mental fortitude in cricket, especially after a period of mixed performances.
The death toll from devastating flash floods in Nepal has reached 1,344, with rescue teams continuing to search for approximately 5,000 missing individuals, including foreign nationals, as identification of victims proves challenging due to the condition of recovered bodies.
A senior Geological Survey of India official warns that the Himalayas are vulnerable to cascading disasters, where one high-altitude event can trigger a chain of destructive events downstream, as evidenced by Nepal's recent floods. He stresses the need for integrated monitoring using satellite data and ground investigations to identify high-risk areas and improve preparedness in the Indian Himalayas.
The Supreme Court has directed the Tamil Nadu government to comply with its previous order to identify land for establishing Navodaya Vidyalayas in each district of the state, emphasising cooperative federalism and urging a change in mindset regarding the central government's education policy.
The BJP has announced a month-long 'Seva Sankalp Abhiyan' campaign, starting on Prime Minister Narendra Modi's birthday, September 17, to commemorate his 25 years in public life. The initiative includes various programmes like 'Seva Diwas', 'Ashirwad Ka Diya', 'Seva Jyoti Kalash Yatra', youth yatras, and innovation challenges, all aimed at public participation and promoting the vision of 'Viksit Bharat 2047'.
New Delhi was told it had given something up; in reality it had stopped talking about it, notes Dr Abhishek Puri.
'When a glacier collapse or a major flood event does occur, the water will simply reclaim its original path, and anything built in that path will be swept away.'
The Olympic Council of Asia (OCA) has dismissed concerns about organisational chaos at the Asian Games, attributing criticisms to attempts to "politicise" the event. Despite widespread issues like accommodation scarcity, lengthy check-ins, and athlete complaints, OCA officials insist challenges are normal and are being handled effectively. They also addressed a diplomatic complaint from South Korea regarding a historical figure at a welcome ceremony and defended cost-saving measures like container-style accommodation.
'Now the institutions which have the might of law invested in them think that whatever they do is right.'
Net SIP inflow is calculated by subtracting redemptions from gross SIP investments.
The Supreme Court has expressed serious concern over public health, especially children's, due to packaged foods high in salt, sugar, and fat, urging stakeholders to implement front-of-pack warning labels. The court criticised the FSSAI for delays and proposed a red-coloured hexagonal warning label for products high in two or more specified nutrients, to be implemented in phases.
Axis Bank MD & CEO Amitabh Chaudhry has cautioned that the surge in FCNR(B) deposits could lead to 'abnormal lending' as banks seek to deploy excess liquidity, while also hinting at a potential interest rate hike in the near future.
