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."
The government is introducing a 0.4% Merchant Discount Rate (MDR) on UPI person-to-merchant payments above Rs 2,000, effective October 15. This move ends the zero-MDR regime, aiming to fund UPI infrastructure and sustainability, as the previous government subsidy was insufficient to cover operational costs. Payments between individuals and most everyday merchant transactions will remain free.
The Delhi poll body has issued notices to several prominent voters, including Chief Minister Rekha Gupta and AAP supremo Arvind Kejriwal, for discrepancies in their enumeration forms during the ongoing Special Intensive Revision (SIR) exercise. While Gupta's entry has been validated, millions of other voters, including other political figures, have received notices for issues like age-related mismatches or being unmapped with previous SIR records, requiring them to submit documents by October 29.
Pacer Tess Flintoff's exceptional four-wicket haul dismantled India A's batting line-up, leading Australia A to a comfortable six-wicket victory in the opening match of the women's unofficial T20I series.
Samajwadi Party president Akhilesh Yadav has criticised the BJP government's proposed Merchant Discount Rate (MDR) on high-value UPI transactions, calling it a "chungi" (tax) on digital payments. He alleged the move was an attempt to extract money from people's transactions, contradicting the government's goal of a trillion-dollar economy. The new UPI framework will impose a 0.4% MDR on person-to-merchant transactions above Rs 2,000 from October 15, with certain sectors having a flat Rs 5 MDR.
Pakistan's Defence Minister Khawaja Asif has issued a stern warning that the Makkah Defence Alliance, a newly formed pact between Pakistan, Saudi Arabia, and Turkiye, stands ready to activate its collective defence provisions in response to escalating Houthi attacks on Saudi Arabia.
Hollywood superstar Brad Pitt was a huge draw at the final and hounded for selfies throughout the US Open final.
The Indian government has amended its e-commerce rules to enhance price transparency, prevent manipulation of search results, mandate clear disclosure of sponsored listings, and combat 'dark patterns' to protect consumers.
Finance Minister Nirmala Sitharaman has called for enhanced accountability and safeguards for artificial intelligence, particularly as it integrates into critical sectors like finance. Speaking at the Global Fintech Fest, she highlighted the dual nature of AI, capable of accelerating transactions but also amplifying fraud and cyberattacks. Sitharaman stressed the need for human and institutional responsibility in AI-driven decisions, urging regulators and companies to scrutinise high-risk AI applications. She also proposed a federated industry platform for Indian tech companies to navigate international regulations and ensure tax compliance globally.
Eighteen-year-old Indian shooter Parth Mane secured a silver medal in the men's 10m air rifle team event at the Asian Games, marking his senior continental debut.
The All India Football Federation (AIFF) is facilitating discounted tickets for members of Mohun Bagan, East Bengal, and Mohammedan Sporting for India's upcoming FIFA tier-1 friendlies against Panama, Brazil, and Uruguay. These high-profile matches will be held in Bengaluru and Kolkata, with the AIFF also planning Fan Parks across districts to promote grassroots football and allow wider viewership. The matches are seen as a significant opportunity for the Indian national team to test itself against top-ranked opponents.
Five rescued baby orangutans quarantined at Nandankanan Zoological Park in Bhubaneswar underwent extensive health checks, including X-rays and blood sample collection, to assess their condition and facilitate DNA testing. The health check-up was prompted after one primate developed a fever. Officials are identifying a suitable laboratory for DNA analysis, which is crucial for determining their origin and aiding an ongoing international wildlife smuggling investigation.
Russian President Vladimir Putin has arrived in India for a three-day visit to attend the BRICS summit and hold bilateral talks with Prime Minister Narendra Modi, focusing on expanding trade, investment, and energy cooperation amidst global geopolitical challenges.
The Finance Ministry has refuted allegations that US pressure influenced the decision to levy a 0.4 per cent Merchant Discount Rate (MDR) on select UPI payments. The ministry clarified that the NPCI guidelines prioritise RuPay credit cards on UPI to promote domestic alternatives and ensure a self-sustaining revenue model for smaller domestic companies, countering claims of favouring foreign payment providers.
Eleven days after devastating floods triggered by an ice-rock avalanche, Nepal continues to grapple with a rising death toll of 1,344 and nearly 5,000 missing. Authorities face significant challenges in identifying the deceased, with many bodies severely damaged. DNA samples are being collected from relatives to aid identification, while the government mobilises relief and rehabilitation efforts. A fresh flood incident in Gorkha district also caused damage.
'If he settles on something, there are fifty considerations behind it -- the pros and cons, all of it.'
The 72nd National Film Awards celebrated outstanding contributions to Indian cinema, with Yami Gautam, Kartik Aaryan, Mammootty, Dhanush, and Sanjay Mishra among the prominent winners.
The small-budget devotional drama Hanuman Ansh has defied expectations, achieving massive box office collections, cementing its status as a major sleeper hit of 2026.
Indian shooter Vidarsa Vinod, making her Asian Games debut at 27, secured a silver medal in the women's 10m air rifle team event. Despite missing an individual final, Vinod maintained a calm demeanour, treating the continental stage like any other competition. Her journey from an NCC cadet to an international medallist highlights her rapid progression and adaptability, especially as she only recently started training in the 10m air rifle discipline.
Former Haryana Chief Minister Bhupinder Singh Hooda has criticised the newly introduced fees on UPI payments, stating they will lead to increased inflation for the common man. He dismissed government claims that customers would not be burdened, arguing that merchants would pass on the costs. Hooda demanded the immediate withdrawal of these fees, highlighting that the government's move contradicts its 'Digital India' initiative.
Suspected militants gunned down two Kuki women and burnt farmhouses in Manipur's Tamenglong district, following other recent killings. A Kuki organisation, Kuki Inpi Manipur, has condemned the attacks and stated that the bodies will not be claimed until justice is served, questioning the silence of state and central governments amidst the ongoing ethnic conflict.
South African President Cyril Ramaphosa on Friday described BRICS as an important global forum, highlighting the grouping's growing demographic and economic weight and noting that its members account for around half of the world's population and 40 percent of global GDP.
Finance Minister Nirmala Sitharaman has urged the Reserve Bank of India to accelerate its central bank digital currency initiatives, emphasising the need to sharpen capabilities with the digital rupee amidst rapid advancements in tokenisation, agentic AI, and quantum computing. She also highlighted critical concerns regarding cybersecurity, warning that autonomous AI systems are evolving rapidly and require robust safeguards. Sitharaman proposed a federated industry platform to give India's technology ecosystem a collective international voice.
Hosts Anil Kapoor and Rohit Sharma bring their own brand of charm and humour to two new game shows that promise to make your weekends more entertaining, observes Divya Nair.
Tamil Nadu Chief Minister C Joseph Vijay has accused the opposition DMK of organised corruption and illegal collection of "party funds" during its previous regime, citing Enforcement Directorate documents. The allegations, which named former CM M K Stalin and his deputy Udhayanidhi as beneficiaries, led to a major ruckus in the Assembly.
Former chief selector Ajit Agarkar's departure from the BCCI was primarily driven by disagreements over Rohit Sharma's future in white-ball cricket and policy differences with Centre of Excellence head VVS Laxman, culminating in his absence from a crucial review meeting.
GIS intelligence solutions provider Mirai Aerospace Systems and Software Solutions has signed an MoU with US-based GreenValley International Inc to strengthen India's geospatial and LiDAR remote sensing manufacturing base. The collaboration focuses on local assembly, manufacturing, technical support, and the development of AI-driven LiDAR applications, aiming to meet India's growing demand across various sectors.
CPI(ML) Liberation general secretary Dipankar Bhattacharya has strongly criticised the newly introduced Merchant Discount Rate (MDR) on select UPI transactions, labelling it a "UPI tax" and demanding its immediate rollback. He drew parallels with demonetisation, arguing that the new framework would negatively impact small shopkeepers, MSMEs, and ordinary citizens by increasing prices.
The Indian Embassy in Nepal has released a detailed procedure for identifying and repatriating the mortal remains of foreign nationals, including Indians, who perished in the recent devastating flash floods. The process involves a nine-step protocol by Nepali authorities, DNA matching for unidentified remains, and assistance from the Indian Embassy for coordination and repatriation.
Moody's Ratings has sharply increased India's GDP growth forecast for fiscal 2026-27 to 7 per cent, making it the fastest among G20 economies, driven by economic resilience despite the Middle East conflict. However, the agency flagged significant inflation risks stemming from elevated oil prices and potential El Nino disruptions.
The Shapoorji Pallonji (SP) Group, the second-largest shareholder in Tata Sons, has publicly endorsed a listing of the Tata Group's holding company, aligning with the board's push for greater transparency and public accountability despite opposition from the Tata Trusts.
The Indian government has challenged Congress leader Rahul Gandhi's criticism of levying fees on UPI payments above Rs 2,000 to merchants. The government highlighted that a parliamentary standing committee, which included Congress MPs, had previously backed a tiered Merchant Discount Rate (MDR) framework for UPI. This move aims to ensure the financial sustainability of the UPI ecosystem and reduce its dependence on government subsidies, a concern raised by the committee due to the significant funding gap between allocations and operational costs.
Yash has delivered a phenomenal box office success with Toxic.
Emraan Hashmi's Awarapan 2 has cemented its superhit status at the box office with a strong second-weekend performance, while Sunny Deol's Batwara 1947 has emerged as one of the biggest disasters of 2026.
The Pakistan Cricket Board (PCB) is poised for a significant overhaul under chairman Mohsin Naqvi, with anticipated changes to the national selection committee and the release of key personnel like Aqib Javed and Wahab Riaz. This comes amidst a losing streak and internal turmoil, prompting radical measures to improve the team's performance and administrative efficiency.
Former India captain Anjum Chopra praises Smriti Mandhana's evolved power game and dominance against spinners, calling it a blueprint for younger players in women's T20 cricket.
Actor Sooraj Pancholi has denied any connection to Disha Salian or Aaditya Thackeray, stating he has 'never met Late Disha Salian in my life, directly or indirectly' and 'never met Aditya Thackeray in my life,' following his name surfacing in the CBI's fresh FIR regarding Salian's death.
Meta has agreed to report child safety-related matters, including child sexual abuse cases, to appropriate law enforcement agencies in India, government sources confirmed, emphasising that online safety for children is a "non-negotiable" fundamental principle for social media platforms operating in the country.
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.
Prime Minister Narendra Modi's 76th birthday was celebrated with extensive programmes in Varanasi, his Lok Sabha constituency. Events included special prayers by 76 young priests, a milk 'abhishek' of the Ganga, and a significant 'Seva Sankalp' motorcycle journey from Varanasi to Vadnagar, Modi's birthplace, involving 500 participants. Several prominent political figures, including Defence Minister Rajnath Singh and Uttar Pradesh Chief Minister Yogi Adityanath, participated in the celebrations, offering prayers for Modi's health and India's progress.
