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 thigh-high slit has a way of turning even the most classic silhouette into an instant fashion moment, adding just the right amount of hotness, movement and skin.
The GST Council is set to discuss the application of GST on merchant fees for UPI transactions exceeding Rs 2,000. This comes as a new Merchant Discount Rate (MDR) of 0.4% (capped at Rs 300) is effective from October 15 for such transactions, which, as a service, would typically attract an 18% GST levy. The Council's decision is anticipated to consider consumer interests, with merchants potentially able to claim Input Tax Credit.
The Indian men's volleyball team secured its third consecutive victory at the Asian Games, defeating Qatar 3-2 in a hard-fought match to qualify for the quarterfinals. The team showed remarkable resilience, coming back from two sets down in a marathon encounter.
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.
Queen Maxima of the Netherlands, the UN Secretary-General's Special Advocate for Financial Health, visited Mumbai to understand India's digital public infrastructure, including UPI and AI, in improving financial health for salaried individuals. She interacted with healthcare professionals and SalarySe leaders, praising India's advancements in financial inclusion and technology's role in empowering individuals.
Police in Thane have formed six teams to apprehend former BJP MLA Narendra Pawar and dismissed police officer Shailendra Patil, who are accused of raping a 22-year-old woman at a farmhouse. The duo has been absconding since the FIR was registered, and crucial CCTV footage from the farmhouse is also missing.
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.
The Retailers Association of India (RAI) has voiced concerns that the government's new 0.4 per cent Merchant Discount Rate (MDR) on UPI transactions above Rs 2,000 could reverse the progress of digital payment adoption among small retailers. This fee, effective October 15, places the burden on merchants operating on thin margins, potentially pushing them back to cash transactions and undermining the government's formalisation agenda, especially ahead of the festive season.
Bankers said the impact could become more visible from September 29 as customers could withdraw larger amounts of cash, although ATM operations are increasingly managed through third-party cash-loading arrangements.
India's IT services industry is witnessing a surge in mergers and acquisitions, particularly among mid-cap companies, as AI-led pricing pressure and macroeconomic uncertainty compel firms to seek scale, capabilities, and broader market reach. This trend is exemplified by the recent merger of Happiest Minds Technologies and ITC Infotech, aiming to offer end-to-end solutions and compete for larger transformation programmes.
Punjabi social media influencer and makeup artist Mad Sandhu was shot dead by two unidentified persons in Amritsar. The incident occurred on Loharka road, and Sandhu succumbed to his injuries at a hospital. Police are investigating the motive, and the murder has drawn criticism from Congress leader Raj Kumar Verka regarding the state's law and order.
The Central Crime Branch (CCB) in Chennai conducted simultaneous searches at five premises as part of an expanded probe into a corruption case against former DMK School Education Minister Anbil Mahesh Poyyamozhi. The searches, which followed an FIR registered on September 16, 2026, led to the seizure of a laptop and 44 documents related to alleged financial irregularities.
The Central Crime Branch (CCB) in Chennai conducted simultaneous searches at five premises as part of an expanded probe into a corruption case against former DMK School Education Minister Anbil Mahesh Poyyamozhi. The searches, which followed an FIR registered on September 16, 2026, led to the seizure of a laptop and 44 documents related to alleged financial irregularities.
The Central Crime Branch (CCB) in Chennai conducted simultaneous searches at five premises as part of an expanded probe into a corruption case against former DMK School Education Minister Anbil Mahesh Poyyamozhi. The searches, which followed an FIR registered on September 16, 2026, led to the seizure of a laptop and 44 documents related to alleged financial irregularities.
A three-day conference, "Dharma in the Digital Age 2026," is taking place at the University of Houston, bringing together scholars and scientists to discuss how ancient Dharmic principles can address contemporary ethical, technological, and societal challenges, including AI, digital governance, and sustainability.
BJD chief Naveen Patnaik has voiced concerns over the Centre's decision to introduce Merchant Discount Rate (MDR) charges on UPI transactions above Rs 2,000 from October 15, urging protection for small traders and common people. This move has sparked a political debate, with the BJP defending the charges as beneficial for digital infrastructure and largely not impacting consumers, while the Congress and traders' associations criticise it as an additional burden.
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.
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.
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.
India's bowling attack, particularly veteran Ravindra Jadeja, is under immense pressure to deliver an improved performance in the third and final ODI against the West Indies in Mullanpur. With the series already secured, the focus shifts to addressing the team's struggles in picking up early wickets and containing runs, especially in the powerplay and middle overs.
Researchers at IIT Delhi have successfully designed India's first working indigenous micro Graphics Processing Unit (GPU). This significant development aims to reduce the country's reliance on imported GPUs, which are crucial for AI, Machine Learning, and various embedded applications, and could help bridge the digital divide.
Opposition MPs have voiced strong criticism against the government's new fee on UPI payments exceeding Rs 2,000 to merchants, calling it "anti-people" and expressing widespread "outrage". The issue was raised in a Parliamentary Standing Committee meeting, where concerns were also flagged regarding the methodology of GDP growth calculation and the government's stance on Virtual Digital Assets.
Bharti Airtel's homegrown cloud platform, Airtel Cloud, has acquired approximately 40 customers within a year of its launch, with a significant portion coming from the manufacturing sector. The platform, designed for Indian companies, offers sovereign, telco-grade cloud infrastructure, connectivity, and GenAI-based provisioning, addressing the growing demand for secure, India-hosted data solutions, particularly for sensitive workloads and regulated sectors.
Patrice Caine, Chairman and CEO of Thales, highlighted Artificial Intelligence as both a major cybersecurity challenge, accelerating attack speed and autonomy, and a crucial tool for defenders. He also warned about quantum computing's future threat to encrypted data. Thales introduced new AI-powered solutions like Luna 8 and CipherTrust DSPM at its Cyber Summit 2026 to combat these evolving threats.
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.
A nearly 70,000-page chargesheet filed by the Supreme Court-mandated SIT details the diversion of donations from the Ram temple in Ayodhya, revealing a network of eight accused who allegedly removed, concealed, and distributed pilfered funds during cash-counting, supported by 105 CCTV instances and thousands of text messages.
Banking services across India, particularly at public sector banks, are set to be disrupted for three days starting Monday due to a nationwide strike by bank unions. The strike, called by the United Forum of Bank Unions (UFBU), is primarily to press for a five-day working week and other demands, despite the finance ministry's appeal for dialogue.
IT Minister Ashwini Vaishnaw announced that the Indian government will release a consultation paper on AI regulations within a month. This framework will address critical aspects like AI safety, deepfakes, and a human-first approach, emphasising the industry's primary responsibility in ensuring safe AI deployment. The move comes amidst growing global concerns over AI risks and the need for robust safeguards.
Police in Kanpur have arrested Subrat Manocha, son of pharmaceutical dealer Vineet Manocha, in connection with his father's murder. The arrest follows allegations by an alleged contract killer, Vishal Gautam, who claimed Subrat hired him for Rs 6 lakh to commit the crime. Investigators are verifying evidence, including call records, as Subrat denies the charges.
Arunachal Pradesh Chief Minister Pema Khandu launched a mobile application for the Itanagar Municipal Corporation (IMC) to enhance garbage collection. The app allows residents to track garbage trucks in real-time, report overflowing bins with photos, and ensures accountability through before-and-after tracking, making civic services smarter and more citizen-friendly.
Kazakh businessman Timur Turlov has been elected the new president of the world chess governing body FIDE, succeeding Arkady Dvorkovich. Turlov won a closely contested election against German entrepreneurs Wadim Rosenstein and Jan Henric Buettner, securing a four-year term. His victory comes amidst scrutiny over Russian influence and FIDE's financial independence, with Turlov campaigning on expanding digital reach and supporting smaller federations. He also addressed concerns about his ties to the outgoing administration and FIDE's commercial partner, Freedom Holding Corp.
Petrol pump dealers seek exemption from the proposed 5 UPI charge on fuel purchases above 2,000, citing pressure on their margins.
The Finance Ministry has clarified that the 0.4 per cent Merchant Discount Rate (MDR) on UPI transactions above Rs 2,000, effective October 15, is not expected to increase cash transactions or cause inflation. The ministry also dismissed allegations of US pressure influencing the decision, asserting that the policy aims to promote RuPay credit cards within the UPI ecosystem, and a monitoring mechanism will ensure the MDR burden is not passed on to consumers.
The Unique Identification Authority of India (UIDAI) is actively working on plans to expand Aadhaar's reach globally, particularly to benefit non-resident Indians (NRIs) and overseas citizens of India (OCIs). This initiative aims to enhance interoperability, attract investment, and streamline digital identification processes, with new guidelines for merchants and products like Aadhaar Lite also in development.
Students are learning to combine technology with agriculture, healthcare, biotechnology, architecture and fashion, explains Mandeep Singh, assistant professor and deputy dean, Lovely Professional University.
Apple Pay is now available in India. Here's how you can add an eligible credit card to Apple Wallet and make payments using your iPhone.
Union Communications Minister Jyotiraditya Scindia announced India's ambition to lead the world in 6G mobile technology and become a designer of global technology standards. Speaking at the Global Fintech Fest 2026, Scindia highlighted India's shift from being a technology market to a technology maker, emphasizing progress in 5G rollout, affordable data, and digital infrastructure driving fintech growth, while also stressing the importance of digital security.
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.
Kia has introduced its Sorento SUV to challenge the long-standing dominance of the Toyota Fortuner in the premium SUV segment, offering a luxury-focused approach with a feature-rich cabin and hybrid powertrain at a competitive price point starting from Rs 27.9 lakh.
