The Insurance Regulatory and Development Authority of India (Irdai) has proposed a phased reduction in the expenses of management (EoM) limits for insurers, aiming to lower the overall cost of insurance and enhance returns for policyholders. The proposals also include a new framework for commissions, stricter measures against mis-selling, and mandatory cost audits.
The Indian government has officially declared the Pakistan-based Shahzad Bhatti Network (SBN) a terrorist organisation under the Unlawful Activities (Prevention) Act (UAPA). This action, announced by Union Home Minister Amit Shah, targets a group involved in cross-border smuggling of arms, explosives, and narcotics, as well as inciting youth into terrorism and spreading hateful digital content. SBN is accused of threatening India's democratic structure, communal harmony, and internal security.
A youth has been arrested in Kolkata under the POCSO Act after a minor girl gave birth to a child. Hospital authorities alerted police when they discovered the mother's age during admission. The girl alleged repeated sexual relations with the 19-year-old accused, leading to her pregnancy. Police are investigating the circumstances, including potential marriage and involvement of others, following a recent government warning on strict action in such cases.
Former West Bengal Chief Minister's faction has announced support for the Congress candidate in the Nandigram assembly bypoll, marking a significant shift in state politics. This move comes amidst an internal party dispute within the Trinamool Congress and is seen as an attempt to consolidate anti-BJP votes and strengthen the INDIA bloc, despite a history of acrimonious rivalry between the two parties.
India's Suraj Singh Mayanglambam secured the 11th position in the men's changquan wushu final at the Aichi-Nagoya Asian Games.
Kerala Home Minister Ramesh Chennithala has declared that the state government will have 'zero tolerance' towards political murders, following concerns over parole granted to those accused in the 2019 Periya twin murder case.
Alexander Zverev hilariously admitted to Carlos Alcaraz that he felt zero pressure and mistakenly thought the score was 4-1 while serving for his US Open championship victory.
How long can the Cockroach Janta Party remain an agitationist force? asks Saisuresh Sivaswamy.
The Indian government has introduced a 0.4% transaction fee on Unified Payments Interface (UPI) payments exceeding Rs 2,000 for merchants, effective October 15, marking the end of nearly six years of free service. Person-to-person transfers and small-value transactions below Rs 2,000 remain free. The new Merchant Discount Rate (MDR) is capped at Rs 300 for transactions above Rs 75,000, with differentiated rates for essential sectors and investments, and safeguards to prevent costs from being passed to consumers.
As India's festive season approaches, passenger vehicle dealers are seeing a notable increase in inventories, yet discounts remain surprisingly moderate compared to previous years, signalling a tighter demand-supply balance in the automotive market.
Double Olympic medalist shooter Manu Bhaker concluded her Asian Games campaign without a medal, leading her father, Ram Kishan Bhaker, to heavily criticise the event's organisation, citing issues like travel distance, bus timings, and unsanitary conditions at the shooting range in Aichi-Nagoya.
The National Payments Corporation of India (NPCI) stated that the Merchant Discount Rate (MDR) "is distributed only amongst the UPI ecosystem, to further invest into infrastructure resilience, innovation, cybersecurity (protecting the UPI infrastructure with banks and non-banks) and customer service."
India-EU FTA opens a bigger European market for Indian carmakers while giving European brands greater access to India.
Meesho, a value-commerce platform targeting middle- and lower-income geographies, is poised for significant growth driven by its asset-light model and low fulfilment costs, but faces intense competition from e-commerce giants and high valuations.
Data infrastructure company NetApp has introduced Novus, a new storage architecture designed for large-scale AI factories, alongside significant enhancements to its AI Data Engine, hybrid multi-cloud operations, and strategic partnerships with Nutanix and SAP. These initiatives aim to improve data management, security, and efficiency for AI workloads and enterprise cloud infrastructure.
The Delhi government has announced a series of stringent measures to combat air pollution in the national capital ahead of winter. These include prohibiting construction activities, restricting entry of non-BS-VI vehicles, doubling parking charges, implementing staggered office timings, and strengthening public transport, alongside public awareness campaigns and infrastructure improvements.
Mahindra has managed to deliver all these updates while retaining the starting ex-showroom price of 10.32 Lakh. And, that's a value play you rarely see in today's market, says Rajesh Karkera.
JD(U) president Nitish Kumar and his son Nishant Kumar made a joint appearance at a party orientation programme, sparking speculation about Nishant's political future and potential leadership roles within the party. The event, aimed at training parliamentarians and legislators, also saw Nishant urging attendees to uphold his father's principles of "zero tolerance for crime, corruption and communalism."
Wipro Technologies has issued a statement affirming its commitment to employee welfare and a safe workplace, stating it is fully cooperating with authorities regarding allegations of religious harassment, workplace discrimination, and forced resignation made by a former woman employee in Pune.
Madhya Pradesh Power Transmission Company (MP Transco) has successfully eliminated bird-related power failures in the Vindhya region by installing custom-designed bird guards and excreta preventers on high-voltage transmission towers. This initiative not only ensures uninterrupted electricity supply but also protects local wildlife, significantly reducing tripping incidents and promoting bird conservation.
Indian cricketers Jemimah Rodrigues and Shafali Verma reveal the personal motivations and legendary advice that helped them perform under pressure during their maiden ODI World Cup title win last year.
The Congress party has strongly criticised the Modi government's decision to introduce a 0.4% Merchant Discount Rate (MDR) on UPI transactions over Rs 2,000, alleging it is a result of US pressure to benefit American card companies. The party also linked this move to broader US actions against India, including tariffs and H-1B visa issues, coining the term "Narendra's Ongoing Trump Appeasement." The government, however, clarified that consumers will not bear the charge, which applies only to merchants.
The Congress party has accused the Modi government of succumbing to US pressure by introducing a 0.4% Merchant Discount Rate (MDR) on UPI transactions over Rs 2,000 for merchants. The party alleges this move aims to benefit US card companies and links it to broader US actions against India, including tariffs and H-1B visa issues. The government, however, clarifies that consumers will not be charged.
The Congress party has criticised the government's new 0.4% charge on UPI transactions above Rs 2,000 for merchants, terming it a "Modi tax". Opposition leaders, including Rahul Gandhi and Mallikarjun Kharge, allege that this move will ultimately burden consumers through price hikes and accuse the government of succumbing to American pressure to dilute India's zero-MDR policy. The government states the charge will support banks and fintechs.
Teenage swimmer Zhang Zhanshuo made history by winning seven gold medals at the Asian Games, surpassing previous records and cementing China's dominance in the pool. The Games also saw other notable performances, including a second gymnastics gold for Carlos Yulo and an upset in men's table tennis where Japan defeated China.
Uttar Pradesh's 'zero tolerance' policy against crime has resulted in a conviction rate of more than 93 per cent over the past year, according to the state's newly appointed DGP, Rajeev Krishna. Courts convicted 42,681 accused, and authorities seized properties worth nearly Rs 788.38 crore linked to criminal activities.
Indian wushu athletes Suraj Singh Mayanglambam, Aparna Dahiya, and Vikrant Baliyan faced mixed fortunes at the Aichi-Nagoya Asian Games.
The Supreme Court has refused to grant an interim stay on the imposition of Merchant Discount Rate (MDR) on UPI person-to-merchant transactions exceeding Rs 2,000, which is set to take effect from October 15. The court has agreed to examine the challenge to this new fee and has issued notices to the Centre, RBI, and NPCI, seeking their responses within four weeks. A Public Interest Litigation (PIL) argues that the levy lacks statutory safeguards, transparency, and public consultation, and could adversely affect merchants and consumers.
A Railway Protection Special Force (RPSF) constable, Deepak, heroically rescued a passenger who slipped while attempting to board a moving express train at Chennai Egmore railway station. His quick action, captured on CCTV, prevented a major tragedy and has earned him widespread praise.
Andhra Pradesh Chief Minister N Chandrababu Naidu announced several new initiatives for Tirumala Tirupati Devasthanams (TTD), including Aadhaar-based devotee insurance for Rs 2 lakh, the establishment of an SV Museum by TCS Trust, and the introduction of electric buses donated by Reliance Foundation and Bharat Biotech. The plans also include global expansion of Srivari temples, improved Annadanam, integrated hospital services, and significant infrastructure development in Tirupati to make it a services and wedding destination with a Net Zero concept.
Assembly by-elections in Madurantakam and Dharapuram will offer an early measure of the TVK's electoral strength and put the dynamics of its new alliance in focus.
India continued its strong performance at the Asian Games, securing more medals across various disciplines. Shooter Esha Singh won a hard-fought silver in the women's 25m pistol, while Gulveer Singh added another silver in the men's 1500m. Other notable achievements include Kurash player Picky Balhara's bronze, Vithya Ramraj breaking a national record for bronze in hurdles, and several boxers, the men's cricket team, and squash teams advancing. However, some defending champions faced early exits.
The Union Home Ministry has issued a stern advisory to states and Union Territories, highlighting a "dangerous trend" of human trafficking through "overseas recruitment scams." These scams lure victims with promises of high-paying jobs abroad, only to trap them in "CyberFraud Centres." The ministry has called for a "specialised offensive" involving various state agencies to combat this growing menace, emphasising strict enforcement, agency verification, and public awareness.
The NCP (SP) has demanded a complete rollback of the 0.4 per cent Merchant Discount Rate (MDR) on UPI transactions above Rs 2,000, effective October 15. The party termed the move a "direct assault" on small traders and shopkeepers, accusing the Modi government of "double standards" by burdening small merchants while large industrialists benefit from loan write-offs.
West Bengal Chief Minister Suvendu Adhikari asserted that his government would adopt a 'zero tolerance' policy against vandalism carried out under the guise of religious slogans.
The BJP has accused the Congress of spreading "fake news" regarding UPI transaction charges, asserting that the government has clarified that consumers will not be levied merchant discount rate (MDR) charges. This comes after the Congress criticised a government notification, alleging it paves the way for imposing fees on UPI transactions. The BJP has strongly refuted these claims, highlighting that most UPI transactions remain free and the government provides incentives to maintain a charge-free ecosystem for users.
The central government has introduced a 0.4 per cent fee on UPI transactions exceeding Rs 2,000, prompting traders' associations to advocate for cash payments to avoid additional costs on digital payments. This move ends the zero-Merchant Discount Rate (MDR) regime, with traders expressing concerns about operating on tight margins and the potential for increased charges.
India won six athletics medals at the Asian Games on Monday, including a javelin silver-bronze double, as Esha Singh and Murali Sreeshankar added more silver.
India's foreign trap shooting coach, Peter Wilson, has voiced his disappointment over the exclusion of World Championship bronze medallist Zorawar Singh from the Asian Games squad. Wilson highlighted Zorawar's calibre and the "great shame" of his omission, attributing it largely to the National Rifle Association of India's (NRAI) selection policy which prioritises domestic trials over international results. He also addressed the Indian shotgun team's recent poor World Cup performances and discussed the need for systemic changes to improve access to shotgun shooting in India.
The Indian government has introduced a 0.4 per cent Merchant Discount Rate (MDR) on UPI payments exceeding Rs 2,000 made to merchants, effective from October 15, with a comprehensive framework set to take full effect by October 15, 2026. This policy aims to regulate transaction fees while protecting small merchants and person-to-person transactions.
