The Reserve Bank of India (RBI) has endorsed the introduction of a Merchant Discount Rate (MDR) on UPI transactions exceeding Rs 2,000, effective October 15. This move, which levies a 0.4 per cent fee on merchant payments above the threshold, aims to bolster the long-term sustainability and growth of India's digital payments ecosystem. The RBI clarified that person-to-person (P2P) transactions and small person-to-merchant (P2M) payments below Rs 2,000 will remain free for users, ensuring no direct charge on customers.
The FIFA World Cup 2026 will conclude with a spectacular closing ceremony at New Jersey Stadium, featuring performances by global superstars like Tom Cruise, Laura Pausini, Nicole Scherzinger, Robbie Williams, and IShowSpeed. Jennifer Hudson will perform the US national anthem. The ceremony will celebrate the journey of 48 teams across three host countries and 16 cities, marking the end of a record-breaking tournament.
The BJP's Jammu and Kashmir unit has strongly criticised Mirwaiz Umar Farooq for advocating the restoration of Article 370, asserting that the constitutional provision has been permanently abrogated and such calls aim to disrupt peace. The party emphasised that Kashmir has moved beyond past conflicts and is focused on development, while reiterating that statehood will be restored at an appropriate time, distinct from Article 370.
The United States conducted retaliatory strikes against Iran, targeting over 80 sites, after accusing Tehran of attacking commercial vessels in the Strait of Hormuz, while Iran condemned the US decision to revoke a temporary suspension of sanctions on Iranian oil sales.
Belgium players celebrated their 4-1 FIFA World Cup 2026 Round of 16 victory over hosts United States with a dance inspired by US President Donald Trump. Romelu Lukaku and teammates performed the viral dance after Lukaku's stoppage-time goal sealed their quarter-final spot. The US Men's National Team thanked supporters after their elimination, while Belgium, led by Charles De Ketelaere's brace, will face Spain next.
'We have a very demanding electorate which expects us to do something. So we will have to do something which is a bit out of the ordinary while at the same time keeping in mind the risk factors.'
Iranian Parliament Speaker Mohammad Bagher Ghalibaf stressed on Friday (local time) that Tehran remains prepared for "full-scale defence" should the US betray the Memorandum of Understanding signed by the two countries last month.
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.
Indian government sources revealed that a 'cautious approach' was adopted during Prime Minister Narendra Modi's June talks with then-US President Donald Trump due to concerns over Trump's 'unpredictable behaviour' with foreign leaders, leading to a preference against a joint media interaction.
'It appears to be a combination: A glacier breaking away, and a dam-like formation downstream reaching capacity and releasing water suddenly.'
Brazil has announced its 26-member squad, featuring stars like Vinicius Junior, Raphinha, and Marquinhos, for a historic first-ever football match against India on October 3 in Kolkata. This landmark fixture follows Brazil's Australia tour and promises a grand spectacle for Indian football fans.
Bangladesh's State Minister for Foreign Affairs, Humaiun Kobir, announced that the country seeks to "reset" its relationship with India, moving towards a new bilateral engagement based on mutual interests. He described ties during the previous government's tenure as "uncomfortable" and emphasised the need for Bangladesh to approach India as "just another country," focusing on balanced relations rather than an "excessive preoccupation." This comes after Bangladesh's Prime Minister Tarique Rahman did not attend the BRICS Summit in India.
The United States Department of Justice plans to seek the extradition of Lawrence Bishnoi, accused of orchestrating the killing of Khalistan separatist Hardeep Singh Nijjar in Canada and involvement in other crimes in the US. Extradition is also sought for Gurinderjit Singh Nagra in an extortion case. These actions are part of a larger international operation targeting India-based transnational organised crime groups.
An NRI couple from Vadodara, Kinnari and Mihir Patel, who travelled to Nepal from New Zealand, have gone missing after devastating flash floods hit the region, prompting their family to appeal to the government for swift rescue action.
Prime Minister Narendra Modi cautioned against the 'weaponisation' of technology and critical minerals at the BRICS summit, advocating for cooperation to foster shared prosperity. Concurrently, Chinese President Xi Jinping announced plans for an open-source AI ecosystem for BRICS nations, positioning Beijing as a key technology partner amid global AI competition.
Kerala Chief Minister V D Satheesan stated that the state government adheres to Central protocol for Vande Mataram recitation when the President, Vice-President, or Prime Minister attend official functions, despite his party's internal policy. This clarification follows a controversy and protests from the CPI(M) and SFI regarding the full rendition of the national song at a recent state event.
The question for the next 20 years is not whether India can become a $5 trillion or $10 trillion economy. Those are attractive targets, but the real question is whether India can create enough productive jobs, educate its children properly, make its cities liveable, and give hundreds of millions of people a substantially better life, asserts Ramesh Menon.
'...in which our names are written with our phone numbers.'
Sanjukta Parashar, an IPS officer with a formidable background in counter-insurgency, has made history by becoming the first woman inspector general of the CRPF's elite CoBRA force.
India is hosting the BRICS summit, leveraging the platform to address global trade tensions and champion the developmental priorities of the Global South, including food, energy, and supply chain security. The summit, attended by leaders like President Xi Jinping and Vladimir Putin, will focus on resilience, innovation, cooperation, and sustainability, with India aiming to strengthen intra-BRICS collaboration and discuss global matters. The expanded BRICS grouping represents a significant portion of the world's population and GDP, making its discussions crucial for global economic stability.
The Central Industrial Security Force (CISF) has signed an MoU with the Drone Federation of India (DFI) to enhance its counter-drone capabilities. This partnership aims to strengthen security at vital installations like airports, nuclear facilities, and oil refineries by fostering engagement with Indian drone startups and technology companies for capacity building, research, and operational readiness against aerial threats.
Tennis legends Serena and Venus Williams made their return to doubles action at the Cincinnati Open, their first match together since 2022.
Former Spain defender Joan Capdevila has appealed to President Donald Trump for help after being denied permission to enter the United States for Sunday's World Cup final between Spain and defending champions Argentina.
The United States on Saturday (local time) launched a third round of strikes against Iran after alleging that Iran's Islamic Revolutionary Guard Corps (IRGC) attacked the Cyprus-flagged container vessel M/V GFS Galaxy in the Strait of Hormuz.
A high-level committee, including representatives from banks and payment associations, is set to decide on Merchant Discount Rate (MDR) for UPI transactions exceeding Rs 2,000 to merchants. While person-to-person and person-to-merchant transactions up to Rs 2,000 remain free, the move follows a recent amendment to the Payment and Settlement Systems Act, sparking debate and clarification from the Finance Minister that only certain high-value merchant transactions might incur charges.
Alexander Zverev and Coco Gauff secured their spots in the fourth round of the U.S. Open, while Naomi Osaka overcame a tough challenge. However, several prominent American players, including Taylor Fritz, Madison Keys, and Amanda Anisimova, experienced early exits, disappointing home fans at Flushing Meadows.
Tamil Nadu's ruling TVK and its post-poll allies have officially named their front the "Secular Social Justice Victory" alliance, with Chief Minister C Joseph Vijay elected as its leader. The alliance, which includes Congress, VCK, and IUML, is preparing for upcoming bypolls on October 6, which will serve as an initial test of its strength. Leaders emphasised the alliance's ideological foundation rooted in secularism and social justice, aiming to protect constitutional values and oppose communal forces.
Who is running the show in Dhaka? This kind of flip-flop, culminating in a last-minute decision to skip a maiden visit, can happen only when the remote is in the hands of one of the competing lobbies within the BNP -- one that appears determined to play a game of chess with India.
West Bengal could be the Bharatiya Janata Party's real test case of its business-friendly policies, points out Kanika Datta.
Novak Djokovic, a four-time champion, suffered a shock first-round exit at the US Open, losing to unseeded Argentine Mariano Navone in a gruelling five-set match, marking his earliest Grand Slam departure since 2006.
Madhya Pradesh Chief Minister Mohan Yadav and Union minister Jyotiraditya Scindia on Sunday laid the foundation stone for a defence manufacturing plant in Shivpuri district. The unit, comprising a missile complex, a composite propellant complex and a TNT complex, is being set up by Adani Defence and Aerospace, a subsidiary of the Adani Group, at a cost of about Rs 2,500 crore, said officials.
China has called for stronger global governance of artificial intelligence, advocating for international cooperation to develop the technology for humanity's benefit while preventing it from getting out of control. This comes amidst warnings from leading AI researchers in the US about potential existential risks, with China emphasizing both rapid development and robust safeguards, including its new AI Safety Governance Framework 3.0. The issue is expected to be a key topic in upcoming US-China talks.
Manipur police have arrested six militants, including a minor, from the banned United People's Party of Kangleipak (UPPK) across Imphal Valley districts. The arrests were made in connection with extortion, intimidation, and kidnapping. Security forces also conducted a separate operation, seizing arms and ammunition and destroying bunkers in Kangpokpi and Senapati districts.
The BJP appointed Archana Gupta as the president of its Haryana unit, making her the second woman to hold the position in over four decades. Gupta, a doctor and state general secretary, succeeds Mohan Lal Badoli and aims to strengthen the party and increase women's participation.
The National Stock Exchange's (NSE) initial public offering (IPO) is expected to shrink in size to Rs 25,000-27,000 crore, down from an earlier estimate of Rs 30,000 crore, as some shareholders are reducing their offer for sale (OFS) stake.
A police constable has been arrested in connection with the Bhavnagar hooch tragedy, which has claimed 13 lives in Gujarat. This brings the total number of arrests to 39, as investigations reveal the constable's links to the prime accused and his involvement in the offence.
Experienced Indian compound archer Jyothi Surekha Vennam is heading into her fourth Asian Games, aiming to focus solely on her performance. She highlights the rigorous preparation involving equipment and personal readiness, acknowledging the challenges of the sport. Jyothi also discusses the new women's team dynamics, emphasizing their growing cohesion and shared experience after participating in recent World Cup stages, with the Asian Games being their top priority this year.
World No. 1 Magnus Carlsen successfully defended his title at the Esports World Cup chess competition, completing an undefeated campaign by defeating Belarusian grandmaster Denis Lazavik in a dominant final. Carlsen secured a 2-0 victory, showcasing his strategic prowess and determination throughout the tournament.
A political controversy has erupted over the inclusion of BJP Rajya Sabha MP Raghav Chadha's name in Delhi's electoral rolls. The Aam Aadmi Party (AAP) has alleged procedural irregularities, questioning how his name appeared in the Rajinder Nagar constituency's voter list despite the draft rolls showing fewer entries. Poll officials confirm Chadha's name was added through the updation process after being removed from Punjab's rolls, while Chadha dismisses AAP's claims as a 'bitter ex' reaction.
Ahead of Xi Jinping's visit, National Security Advisor Ajit Doval and Chinese Foreign Minister Wang Yi held extensive talks in Beijing on August 25 on the boundary issue and reached an eight-point consensus.
