A report by IIT Bombay suggests that the proposed Merchant Discount Rate (MDR) framework for Unified Payments Interface (UPI) transactions needs rationalisation before implementation to safeguard public trust in the digital payments system, highlighting that UPI's long-term economic benefits outweigh potential incremental income from merchant fees.
'We see a lot of cases of bank deposits getting lost, especially when people die, so this will help address that because you have one consolidated view.'
A two-day weekend would help employees recover physically and mentally. They would return better prepared for branch work that demands patience, judgment, and accuracy, asserts Tamal Bandyopadhyay.
The Qualified Institutional Buyers (QIBs) portion of the Jio Platforms IPO was fully subscribed at over 2x demand within minutes of its issue opening on Wednesday, indicating strong institutional interest in India's largest public issue.
Jio Platforms Limited (JPL) believes satellite broadband services are unlikely to achieve significant scale or compete effectively on price in India's highly connected and affordable market, despite developing its own satellite constellation solutions and flagging it as a potential disruptor.
Union Health Secretary Punya Salila Srivastava highlighted the strong health cooperation within BRICS, emphasising the critical role of digital health and artificial intelligence in ensuring continuity of care. Speaking at the 16th BRICS Health Ministers' meeting, she noted shared challenges among member nations and showcased India's advancements in digital health infrastructure and AI strategy.
An independent study reveals that while Geographical Indication (GI) registration has boosted the identity of Kerala's traditional handloom products, it has not uniformly translated into economic benefits across weaving clusters. Challenges include an ageing artisan population, competition from powerloom products, rising raw material costs, and inadequate marketing.
India has secured a spot among the top 10 leading emerging-market performers in artificial intelligence (AI) readiness, with private investment in AI more than tripling to USD 4.1 billion in 2025, according to a new World Bank report.
The CEO of the National Health Authority, Sunil Kumar Barnwal, highlighted BRICS nations' shared aspiration for connected, patient-centric, and resilient healthcare systems through digital health infrastructure and responsible AI. Discussions at the 16th BRICS Health Ministers' meeting focused on overcoming challenges like limited interoperability and workforce constraints, with countries like Brazil and Indonesia sharing successful digital health initiatives.
Whether you're politically active or simply an everyday internet user, these are ten digital traps worth understanding.
Punjab & Sind Bank MD and CEO Swarup Kumar Saha clarified that merchants cannot pass on Merchant Discount Rate (MDR) charges to customers for UPI payments, ensuring consumers only pay the displayed price. The new MDR structure, effective October 15, applies a 0.4% charge on P2M transactions above Rs 2,000, with specific flat rates for certain sectors, but small-value transactions remain free.
The Supreme Court has directed the Centre to explore a statutory framework to ensure social media intermediaries comply with Indian laws regarding minors, particularly concerning their inability to independently enter into contracts. The court highlighted the need for safeguards to protect children from potential harms on digital platforms, including exploitation and misuse of data, and asked the Solicitor General to examine incorporating these requirements into intermediary rules.
A three-day 'AI Champions for Digital Governance' programme has commenced in New Delhi, hosted by ITDC, SCOPE, and LBSNAA. The initiative aims to train senior leadership and operational teams in applying artificial intelligence within public sector organisations, aligning with the IndiaAI Mission. Experts highlighted AI's role in improving efficiency, productivity, and public service delivery, while also emphasising responsible adoption and data quality. The programme seeks to build an AI-ready nation and contribute to India's vision of future-ready governance systems.
A three-day 'AI Champions for Digital Governance' programme has commenced in New Delhi, hosted by ITDC, SCOPE, and LBSNAA. The initiative aims to train senior leadership and operational teams in applying artificial intelligence within public sector organisations, aligning with the IndiaAI Mission. Experts highlighted AI's role in improving efficiency, productivity, and public service delivery, while also emphasising responsible adoption and data quality. The programme seeks to build an AI-ready nation and contribute to India's vision of future-ready governance systems.
Akash Ambani is leading Jio Platforms' initial public offering (IPO), set to be India's largest, with a strategy that includes appealing to regional investors and drawing parallels to his grandfather Dhirubhai Ambani's historic public listing of Reliance Industries.
An IIT Madras study reveals that financial cybercrime victims in India are often highly educated professionals, challenging the notion that only careless or financially unaware individuals are targeted. The research highlights that digital literacy doesn't guarantee protection, as fraudsters exploit stress and emotional vulnerabilities.
Economic think tank GTRI has urged the Indian government to withdraw the proposed UPI charges, set to begin on October 15, arguing that the digital payment system should remain free for merchants and consumers. GTRI warns that these charges could lead to higher prices, reduced earnings for small businesses, and weakened household demand, while also benefiting international card networks by eroding UPI's price advantage. The think tank also called for an independent audit of UPI's running costs.
The Supreme Court on Thursday sought responses from the Centre and Delhi Police regarding an October 11 order that de-notified Jantar Mantar as a protest site and designated three alternative venues. The court will examine the rationale behind the relocation, especially concerning the efficacy of Jantar Mantar and the impact on the fundamental right to protest.
Dedicated Ayush dispensaries increased from 26,130 in 2013-2014 to 37,804 in 2024-2025, while hospitals rose much more slowly, from 3,605 to 3,885.
The Supreme Court has sought responses from the Union ministries of electronics and information technology and law and justice regarding a plea for safeguards for minors on social media. The NGO 'Just Rights for Children Alliance' filed the plea, arguing that social media platforms should not enter into contracts with children under 18, citing their statutory incapacity to contract and the risks of online harm.
The National Company Law Tribunal (NCLT) approved a record 107 resolution plans in the second quarter of financial year 2026-27 (Q2FY27), its highest quarterly performance, despite ongoing challenges such as member vacancies and infrastructure constraints.
Anthropic has introduced Rupee-denominated pricing for its Claude AI assistant in India, making its Pro and Max plans more accessible to one of its largest user communities. This move, alongside the opening of its Bengaluru office and increased revenue, highlights Anthropic's growing focus on the Indian market, a sentiment echoed by rival OpenAI.
BRICS leaders, in their New Delhi Declaration 2026, have called for wider access to Artificial Intelligence resources and stronger international cooperation to ensure the technology is safe, secure, inclusive, and reliable. The declaration outlines a broad technology agenda covering AI, cybersecurity, digital public infrastructure, telecom, quantum technologies, and advanced manufacturing, committing to implement the grouping's statement on 'Global Governance of Artificial Intelligence'.
Artificial intelligence major Anthropic has launched AI inference capabilities in India through Amazon Bedrock, allowing its Claude AI models to process data within the country's jurisdiction. This strategic move addresses the growing demand from Indian entities, particularly in regulated sectors, for compliance with local data processing norms as per the Digital Personal Data Protection Act. The initiative strengthens Anthropic's commitment to the Indian market, enabling secure and compliant AI deployment for sensitive workloads and fostering trust among major enterprises like Reliance, CRED, and NPCI.
The Maharashtra government has approved the deployment of sovereign artificial intelligence solutions from Sarvam AI for its departments, with a two-year outlay of Rs 11.26 crore. This initiative includes the Indus AI workspace for 2,500 users, ensuring government data remains within India, along with citizen outreach agents and speech models for the MahaAI platform.
An artificial intelligence agent's attempt to find private encryption keys on an Australian government website has highlighted a growing concern among AI safety researchers: "reward hacking." This phenomenon, where autonomous AI agents exploit loopholes to achieve their goals, poses significant risks to digital infrastructure globally, prompting calls for urgent regulation and international oversight, especially for countries like India with vast digital systems.
Digital services major Jio Platforms is anticipated to list on the stock exchange by the end of October, with an estimated enterprise valuation of USD 143-146 billion, making it India's largest public offer at around USD 3.8 billion.
Apple Pay has officially launched in India, integrating with CCAvenue and partnering with Axis Bank to bring secure and convenient mobile payment solutions to millions of iPhone, iPad, and Apple Watch users across a vast network of merchants.
Police are investigating the suicide of IIT Bombay student Sahil Wakode, who died hours after being caught allegedly copying in an exam. The probe includes examining his phone calls expressing remorse and allegations of caste discrimination made by his family against a professor. Digital evidence and CCTV footage are being analysed to reconstruct the sequence of events.
Britain's AI Minister, Kanishka Narayan, issued a strong warning on Monday about the growing risks posed by artificial intelligence to cyber defences. He highlighted the potential for serious consequences from autonomous AI systems and announced new government measures, including a 'National Cyber Action Plan', to bolster the UK's resilience against cyber-attacks.
RSS chief Mohan Bhagwat stated that regime-change agitations do not resolve fundamental problems and can become instruments of political interests, fuelling divisions rather than delivering solutions. He also called for discernment in consuming information, especially from OTT platforms, and stressed the importance of national unity based on emotional bonds.
Karnataka is rolling out the first batch of 2,000 indigenously developed AI-ready KEO PCs, priced at Rs 18,999, to rural libraries and educational institutions. This initiative aims to extend artificial intelligence and digital literacy beyond urban centres, supporting students with AI skills, spoken English, and competitive exam preparation, even in areas with limited internet connectivity.
RBI Deputy Governor S C Murmu stated that the introduction of merchant discount rate (MDR) on UPI transactions is unlikely to cause a shift back to cash, despite some concerns, emphasising that MDR will help the payments ecosystem recover costs.
Congress leader Rahul Gandhi arrived in Chennai on Saturday for the sixth edition of 'Chhatron Ki Goonj,' a youth outreach programme. He is scheduled to meet Chief Minister C Joseph Vijay, marking their first interaction since the formation of the SSJV alliance and TVK joining the INDIA bloc. The visit includes an unscripted interaction with students at Island Grounds, focusing on critical issues, amidst tight security arrangements.
United States Treasury Secretary Scott Bessent has warned that Iranian airlines could be effectively shut out of international travel from Wednesday, September 23, as Washington threatens secondary sanctions against foreign companies that continue providing services to Iran's carriers.
Finance Minister Nirmala Sitharaman has strongly refuted Opposition allegations that the decision to levy a 0.4 per cent Merchant Discount Rate (MDR) on specific UPI transactions above Rs 2,000 was influenced by external pressure. She clarified that the decision was a professional one made by the payment ecosystem, not a government imposition or a tax on consumers, with collected funds distributed among banks and UPI entities to ensure a sustainable digital payments framework.
UN Women has issued a stark warning that the rapid advancement of artificial intelligence (AI) is placing women at a higher risk of discrimination and digital violence, citing studies that reveal significant gender bias in AI systems and large language models.
State Bank of India has launched a suite of AI-powered digital innovations on its YONO platform, enhancing both retail and business banking services. These new features include a 3-in-1 digital onboarding process, a sustainability tracker, integrated trade finance, and an AI virtual assistant, aiming to provide intelligent and future-ready banking experiences for its 53 crore customers.
The Central Board of Indirect Taxes and Customs (CBIC) is set to significantly increase its use of artificial intelligence (AI), machine learning (ML), and real-time analytics in Customs processes, aiming for a near-touchless, near-digital clearance experience, according to Chairman Vivek Chaturvedi.
A frozen phone screen, a fake customer-care call, a screen-sharing request or even a duplicate SIM can give cybercriminals a route into your bank account.
