The Indian government has mandated that banks and payment providers cannot levy charges on UPI transactions up to Rs 2,000 or on payments made via RuPay debit cards. This directive follows an amendment to the Payment and Settlement Systems Act, 2007, aiming to sustain and expand the digital payments ecosystem.
'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.'
The highlight of the successful BRICS Summit was its ability to deliver a joint statement that all members, including Iran and the United Arab Emirates, embroiled in the war in West Asia, signed.
During the Asia Cup final on Sunday, the cameras panned to the guest box at the Dubai international stadium and showed BCCI Secretary Devajit Saikia in conversation with Asian Cricket Council Chairman Mohsin Naqvi.
The Indian Air Force has launched 'Dronathon 2026' at the Pokhran range in Jaisalmer, a three-day event showcasing advancements in unmanned aerial systems (UAS) and counter-UAS technologies by domestic manufacturers. The initiative aims to bolster the IAF's capabilities in the unmanned domain, align with the 'Atmanirbhar Bharat' objective, and assess indigenous technologies against operational requirements through live demonstrations. It also fosters interaction between the IAF, industry, and even students, promoting the development of scalable unmanned solutions.
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.
Hollywood superstar Brad Pitt was a huge draw at the final and hounded for selfies throughout the US Open final.
Champions Arsenal secured a 2-0 victory over Sunderland, maintaining their perfect start to the Premier League season and moving clear at the top. Meanwhile, title contenders Liverpool and Chelsea were held to draws against Fulham and Hull City respectively. Other notable results include Aston Villa's loss to Nottingham Forest, Ipswich's win against Crystal Palace, and Tottenham's continued struggle to score goals.
Karen Khachanov has advanced to the U.S. Open semi-finals after his opponent, Alexander Blockx, retired due to injury. Blockx, who was already battling a rib injury, was visibly hampered by further physical issues during the match. Khachanov expressed his happiness at reaching the semi-finals and wished Blockx a speedy recovery. This marks Khachanov's first Grand Slam semi-final appearance since the 2023 Australian Open.
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.
Ganges Grandmasters, led by Ian Nepomniachtchi, defeated defending champions Alpine APL Pipers to win their first Global Chess League title. Nepomniachtchi's crucial win against Magnus Carlsen in the final, coupled with Stavroula Tsolakidou's performance, sealed the victory. FYERS American Gambits secured third place in the tournament.
India is making a significant push to establish itself as a global semiconductor manufacturing hub, driven by strategic investments and policy support. The upcoming SEMICON India 2026 event will showcase the country's advancements and ambitions in this critical industry, which underpins virtually all modern electronic devices and has faced global supply chain vulnerabilities.
Uttar Pradesh Governor Anandiben Patel addressed AI Manthan 2.0, advocating for the comprehensive integration of Artificial Intelligence across all university subjects rather than as a standalone course. She urged universities to develop clear, time-bound AI roadmaps covering education, research, healthcare, and agriculture, emphasising indigenous AI development, employment creation, and the importance of "Safe and Trusted AI." The event also saw the formation of an AI Policy Advisory Group and an AI Implementation Group to drive these initiatives.
Indian wrestling coach Virender Dahiya and wrestler Antim Panghal have expressed strong confidence in the national team's preparation and potential for the upcoming Asian Games 2026 in Aichi-Nagoya, Japan. Dahiya believes the team will significantly improve on its previous medal tally, while Panghal highlights the strong team cohesion and gold medal aspirations. The squad features a mix of experienced and young talent, aiming to overcome strong regional competitors.
Salesforce has entered a multi-year partnership with FIDE, becoming the title sponsor for the 2026 and 2028 World Championship Matches and the 2027 Women's World Championship Match, and integrating its AI solutions to enhance FIDE's operations, player rankings, and fan engagement.
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.
Jemima Goldsmith, filmmaker and former wife of Pakistan's ex-prime minister Imran Khan, has married multi-millionaire financier Cameron O'Reilly. The news was confirmed by her family, with the couple reportedly exchanging vows over the weekend. Goldsmith continues to advocate for her sons and ex-husband amidst his incarceration.
Jemima Goldsmith, filmmaker and former wife of Pakistan's ex-prime minister Imran Khan, has married multi-millionaire financier Cameron O'Reilly. The news was confirmed by her family, with the couple reportedly exchanging vows over the weekend. Goldsmith continues to advocate for her sons and ex-husband amidst his incarceration.
Erling Haaland scored a VAR-approved goal to give 10-man Manchester City a 1-0 victory over rivals Manchester United at Old Trafford. Despite Phil Foden's red card, City secured the win, moving them to second in the Premier League table.
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.
A US Air Force colonel, identified by his call sign 'Bravo', survived nearly 50 hours behind Iranian lines after his F-15E fighter jet was shot down near Isfahan. Despite severe injuries, he evaded Iranian forces and was eventually rescued in a complex operation involving US military and intelligence personnel, highlighting a daring mission to leave no man behind.
Goan Grandmaster Leon Luke Mendonca won his second straight Global Chess League title as Ganges Grandmasters defeated defending champions Alpine SG Pipers.
The Supreme Court has given actor Rajpal Yadav a final two-week opportunity to present a concrete proposal for repaying an outstanding amount to a private firm, directing him to deposit Rs 2 crore with the apex court registry. This comes after a series of cheque bounce cases, with the Delhi High Court previously upholding his conviction and sentencing him to three months' imprisonment. The court noted Yadav's past conduct did not inspire confidence but granted a last chance.
India's cement industry is on the brink of an oversupply situation as aggressive capacity expansion by major players is set to outpace demand growth over the next two financial years, potentially leading to pricing pressures and moderated utilisation rates.
The Sports Ministry has formed a five-member committee to address the financial viability and sustainability of the Hockey India League (HIL). Sports Minister Mansukh Mandaviya met with Hockey India officials and franchise representatives, directing them to develop a comprehensive plan for the league's revival, which has faced challenges since its return last year.
Commonwealth Games gold-medallist judoka Asmita Dey is intensely preparing for the upcoming Asian Games in Aichi-Nagoya, acknowledging the significantly tougher competition, especially from Japanese judokas. She is focusing on improving her ground fighting techniques (Ne-Waza) and draws inspiration from Japanese Olympic champion Uta Abe to secure a medal for India.
Kargil War veteran Group Captain Amit Kumar Gupta was allegedly attacked with an iron rod by a parking attendant in Gurugram, sustaining a serious head injury and fractured elbow. Gupta claims the hospital's MLC report is false and police assistance has been lacking, while an FIR has been registered against unknown accused.
Japan's cricket captain Kendel Kadowaki-Fleming and all-rounder Charlie Hara-Hinze believe the upcoming historic T20 match against India on September 22 can serve as a crucial springboard for the sustained growth of cricket in Japan, a country traditionally dominated by baseball.
Chhattisgarh is rapidly emerging as a significant sports destination in India, driven by state government initiatives to host major events and develop infrastructure. Chief Minister Vishnu Deo Sai highlighted the state's commitment to sports, exemplified by the DP World PGTI Nava Raipur Open 2026 golf championship, inaugurated with cricket legend Kapil Dev. These efforts aim to foster talent, promote sports tourism, and transform the state's image, including positive changes in regions like Bastar.
'I don't really expect the August increase in food prices, which was close to 6 per cent, to persist as we go close to the end of this year.'
The trophy is supposed to be the full stop to a tournament, not another comma in an India-Pakistan controversy, points out K R Nayar.
Eighteen-year-old Moroccan midfielder Ayyoub Bouaddi delivered a commanding performance on his first start for Manchester City, helping them secure a 2-0 Champions League victory against Porto.
Indian tennis player Dhakshineswar Suresh discusses the significant transition from collegiate tennis to the professional tour, highlighting the challenges of travelling alone, managing his body, and maintaining consistency. He shares insights on the importance of off-court preparation, physical fitness, and setting ambitious goals like breaking into the top 250.
Seventeen-year-old table tennis sensation Syndrela Das has been called up to the senior women's side for the Asian Games. Ranked 99th globally, she aims for gold at the event and a rapid ascent into the top 50, attributing her success to rigorous training and a positive approach to pressure.
The Olympic Council of Asia (OCA) has implemented a stringent Safeguarding Code of Conduct for athletes and officials participating in the Asian Games in Aichi-Nagoya, Japan. The code prohibits inappropriate relationships, degrading language, and harassment, with violations leading to severe penalties including suspension. It also addresses social media use and places special emphasis on protecting minor athletes.
Nawang Tsering of Ladakh won the Silk Route Ultra Marathon, crediting his prior experience at the challenging UTMB in France for his record-breaking performance. Despite experiencing pain and cramps during the 122km race, Tsering maintained his resolve, strategically allowing competitors to lead before overtaking them on steep elevations.
Hockey India is set to hold an emergent Executive Board meeting on September 18 to address a deepening internal controversy involving President Dilip Tirkey and Secretary Bhola Nath Singh, stemming from a jersey colour change. The meeting will also focus on restructuring the Hockey India League (HIL) to create an independent Governing Council with franchise involvement, and discuss upcoming elections and Asian Champions Trophy hosting.
The US Department of Homeland Security removed a controversial X post featuring a Transformers-themed cartoon targeting an Indian Sikh man, Harjinder Singh, with racially charged language. The post, which linked Singh to vehicular homicide charges and used phrases like "Self deport or find out," drew fierce condemnation from Indian American organisations and Democratic lawmakers for its discriminatory nature. DHS initially dismissed the outcry but later removed the post without explanation, while continuing its campaign against "illegal aliens" involved in fatal traffic accidents.
Prime Minister Narendra Modi, addressing the BRICS summit, called for a fundamental shift in global governance, advocating for the replacement of the current 'pyramid of privilege' with a 'platform of partnership' where the Global South becomes a 'rule shaper' rather than a 'rule follower'.
FYERS American Gambits defeated Triveni Continental Kings to retain their top position in the Global Chess League standings, ahead of Alpine APL Pipers. Other matches saw Ganges Grandmasters secure a dominant win over Continental Kings, while Mumba Masters suffered two defeats, including a loss to PBG Alaskan Knights. The Gambits, Pipers, and Grandmasters have all won four matches, with Gambits having played one more round.
