The Finance Ministry has clarified that the decision to impose a 0.4% Merchant Discount Rate (MDR) on UPI transactions above Rs 2,000 was made independently, refuting claims of foreign influence. The ministry stated the policy aims to build a self-sustaining digital payments ecosystem, with MDR funding infrastructure and supporting small merchants.
The Finance Ministry has dismissed allegations of US pressure influencing the 0.4% Merchant Discount Rate (MDR) on select UPI transactions. It clarified that NPCI guidelines prioritise RuPay credit cards on UPI and do not favour international cards. The ministry also asserted that the MDR, applicable to person-to-merchant transactions above Rs 2,000, is unlikely to increase cash transactions or cause inflation, with measures in place to prevent burdening consumers.
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.
The Finance Ministry has refuted allegations that US pressure influenced the decision to levy a 0.4% Merchant Discount Rate (MDR) on select UPI payments. It clarified that NPCI guidelines prioritise RuPay credit cards on UPI to foster a domestic payment ecosystem and that the MDR introduction aims to create a sustainable revenue model for smaller domestic companies, thereby protecting India's sovereignty in digital payments.
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 RSS-affiliated Swadeshi Jagran Manch (SJM) has urged the government to reconsider imposing a merchant discount rate (MDR) on UPI transactions above Rs 2,000, arguing that the costs do not warrant such a move. This comes after the government announced a 0.4 per cent fee on merchant transfers over Rs 2,000 from October 15, while assuring that person-to-person and small payments remain free. SJM co-convener Ashwani Mahajan highlighted that banks have not demanded MDR and that UPI has reduced their transaction costs.
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.
The Indian government has confirmed there will be no rollback of the 0.4 per cent Merchant Discount Rate (MDR) charges on Unified Payments Interface (UPI) transactions exceeding Rs 2,000, effective from October 15. Despite opposition, officials state the decision aims to make the UPI ecosystem self-sustainable and secure, with charges applying only to merchant payments, not person-to-person transactions.
'A balance had to be struck between the economic cost of taking action at this point against the need not to fall behind the curve in controlling inflation and anchoring inflation expectations.'
The Congress party has accused the Indian government of imposing new charges on UPI transactions due to pressure from the United States, specifically to benefit American card companies. The opposition party demanded the withdrawal of the decision, calling it "anti-national" and alleging it fills the coffers of US firms while burdening Indian citizens. The government, however, clarified that the Merchant Discount Rate (MDR) charges apply only to commercial transactions above Rs 2,000 and are not levied on consumers, a stance supported by the BJP which accused Congress of spreading "fake news".
Congress leader Rahul Gandhi has accused the Modi government of quietly paving the way for imposing fees on UPI transactions, alleging it's a surrender to American pressure. The government's recent notification exempts charges only up to Rs 2,000, sparking concerns that higher value transactions and eventually all UPI payments could incur fees. Finance Minister Nirmala Sitharaman, however, clarified that Merchant Discount Rate (MDR) applies to merchants, not customers, and supports digital infrastructure.
The ICPC Internship Programme 2026, offered by the Policy, Politics and Governance Foundation, provides final-year and penultimate-year undergraduate students with hands-on exposure to politics, policymaking and governance. The programme combines online and offline learning with real-world experience, expert mentorship, and networking opportunities.
BSP chief Mayawati has criticised the Centre's decision to introduce a 0.4 per cent fee on UPI merchant transactions exceeding Rs 2,000, effective October 15. She termed it a "capitalist profiteering attitude" that burdens the common people, while the government clarified that the charge is on merchants and not customers for person-to-person transactions.
India's Sports Minister Mansukh Mandaviya has announced the formation of a 10-member Task Force, chaired by Niti Aayog's Yugal Kishore Joshi, to assess the feasibility and challenges of reviving Formula 1 in the country. The committee aims to develop a roadmap for India to host a Grand Prix by 2028, focusing on sustainable growth, policy interventions, and addressing past issues like taxation. The Adani group, owners of the Buddh International Circuit, will also be involved.
The Maharashtra government is setting up a ministerial task force, led by Minister Ashish Shelar, to ensure the effective implementation of its drone policy. Chief Minister Devendra Fadnavis announced this, emphasising the need for a "policy of policies" to integrate R&D, manufacturing, testing, and subsidies, and to strengthen the state's drone ecosystem, including developing a 'Drone City'.
Punjab Chief Minister Bhagwant Mann announced that Pakistan will participate in the Men's Asian Champions Trophy hockey tournament in India, scheduled from October 27 to November 5. This participation aligns with the Indian government's policy allowing multi-lateral sporting engagements with Pakistan, despite a ban on bilateral series. The tournament will be held in Jalandhar and Mohali, featuring six nations including India and Pakistan, with a highly anticipated India-Pakistan match on November 1.
Andhra Pradesh Chief Minister N Chandrababu Naidu has set an ambitious target for district collectors to achieve a 15-20 per cent growth rate, building on the state's 13.4 per cent growth in Q1 FY27, the highest in India.
A group of experts has voiced significant concerns regarding India's ethanol-blended fuel policy, citing potential negative impacts on land-use, agriculture patterns, food security, groundwater levels, and household incomes. They recommend a return to E10 fuel and a review of the policy's overall benefits versus costs to consumers and the environment.
The Delhi government is set to introduce a comprehensive drone policy aimed at creating over 1,000 jobs and regulating drone operations. The policy will focus on establishing research clusters, flight testing facilities, and providing subsidies, while also addressing drone usage for government purposes like traffic management and surveillance, considering the city's extensive 'no drone zones'.
A member of the National Traders' Welfare Board (NTWB) has urged the central government to withdraw its decision to impose a 0.4 per cent Merchant Discount Rate (MDR) on UPI transactions exceeding Rs 2,000, effective from October 15. He warned that the new charge, which will be borne by merchants, could negatively impact business growth and lead to higher prices, contradicting the government's 'ease of doing business' policy.
Punjab Chief Minister Bhagwant Mann has confirmed Pakistan's participation in the upcoming Men's Asian Champions Trophy hockey tournament in India. The event, scheduled from October 27 to November 5 in Jalandhar and Mohali, will feature six nations, with India hosting its arch-rivals under the central government's policy allowing multi-lateral sports engagements.
Premature surrender and withdrawal of life insurance policies in India have surpassed maturity payouts over the past five years, indicating a growing trend of policyholders exiting long-term policies before their full tenure, according to data presented in the Lok Sabha.
A think tank, GTRI, has urged India to resist US pressure regarding its UPI policies, advocating for competition, policy autonomy, and a sustainable payments ecosystem. This comes as the Lok Sabha passed a bill allowing charges on UPI, and the US has criticised India's digital payment systems, raising concerns about the future of India's digital payment landscape.
A think tank, GTRI, has urged India to resist US pressure regarding its UPI policies, advocating for the defence of competition, policy autonomy, and the long-term sustainability of its payments ecosystem. This comes as the Lok Sabha passed a bill allowing charges on UPI transactions, a move GTRI suggests should not be influenced by foreign trade complaints.
India's government is working to resolve tax and regulatory hurdles to bring Formula One back to the Buddh International Circuit on the outskirts of New Delhi in 2028, more than a decade after the race was dropped.
The Supreme Court has urged the CBSE to reconsider the implementation of its three-language policy for Class 9 students, emphasising that children should not be subjected to undue pressure. The court highlighted concerns about infrastructure, the starting point of the policy, and the definition of 'native' languages.
The BJP has narrowly defeated the Congress in the Rajasthan urban local body elections by less than one percentage point. Independent candidates secured a significant share of votes, and NOTA outperformed several smaller parties. Prime Minister Modi lauded the BJP's performance, attributing it to public support for good governance.
There is no answer to the question of how IN-SPACe invited EOIs for ISRO's mature rockets and whether it was based on any government policy decision.
Pakistan is set to participate in the Men's Asian Champions Trophy hockey tournament in India, with Punjab Chief Minister Bhagwant Mann confirming the union government's policy allows multi-lateral engagements despite bilateral tensions. The tournament, featuring six nations including India and Pakistan, will be held from October 27 to November 5 in Jalandhar and Mohali, with free entry for all matches.
Congress leader Rahul Gandhi launched a scathing attack on the BJP-RSS, labelling them a "bunch of jokers" with no understanding of India, and criticised Prime Minister Narendra Modi's foreign policy as merely "hugging leaders." He also claimed the RSS has become an instrument of large capital, serving Adani and Ambani, and vowed that the Congress would keep pressure on the government until Modi and Shah resign. The BJP hit back, calling Gandhi immature and out of depth.
A rocket designed and developed by ISRO is being transferred to industry for production.
Nine ISRO associations want to know whether this is simply an effort to expand India's industrial capacity or part of a larger policy under which ISRO itself will eventually withdraw from rocket manufacturing.
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.
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 Supreme Court has directed the Tamil Nadu government to comply with its previous order to identify land for establishing Navodaya Vidyalayas in each district of the state, emphasising cooperative federalism and urging a change in mindset regarding the central government's education policy.
Pakistan boycotted its Chess Olympiad opening round match against Israel in Samarkand, Uzbekistan, to express solidarity with Palestine, resulting in a 4-0 walkover for Israel.
The Athletics Federation of India (AFI) has announced that the SRY gene test will be mandatory for all athletes participating in its approved competitions across all age categories, effective from 2027. This decision, subject to legal formalities, aligns with new World Athletics regulations for female category eligibility.
The challenge thrown by the youth movement creates the opportunity for a more consequential debate on India's economic trajectory because it must remain centered on India's youth as its driving impulse, asserts former foreign secretary Shyam Saran.
Former NITI Aayog vice-chairman Rajiv Kumar has urged the government to maintain zero-fee UPI transactions for several more years, arguing that the benefits of UPI as a public good outweigh the costs. This comes amidst the government's recent decision to introduce a 0.4% fee on person-to-merchant UPI transactions above Rs 2,000 from October 15, a move that has drawn criticism.
The article details instances where the Narendra Modi government has yielded to public and political pressure since 2014, leading to policy reversals and ministerial resignations. It highlights the recent resignation of Education Minister Dharmendra Pradhan over the NEET paper leak, alongside past events like the withdrawal of land acquisition amendments, M.J. Akbar's resignation, the repeal of farm laws, and other policy retreats.
Tamil Nadu Chief Minister C Joseph Vijay is set to chair a crucial TVK alliance coordination meeting in Chennai. The meeting aims to formalise the ruling coalition's structure, common minimum programme, and joint steering committee. However, the absence of key Left allies and a public rift between TVK and Congress over national leadership aspirations threaten to destabilise the alliance, highlighting a significant test for CM Vijay's political management.
