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 Supreme Court has asked the CBSE to consider deferring the implementation of its three-language policy for Class 6 students, which mandates two native Indian languages, until the academic session starting 2027. The CBSE stated it would consider the suggestion. The policy, aligned with NEP-2020, makes two native Indian languages compulsory for Class 6 and Class 9, with provisions for foreign languages as additional options and no board exams for the third language in Class 10.
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 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.
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.
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.
'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.'
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.
The Supreme Court has urged the Central Board of Secondary Education (CBSE) to consider exempting Class 6 students from its three-language policy for the current academic year. The policy, which mandates the study of three languages including two native Indian languages, is challenged by petitioners who question CBSE's jurisdiction over classes 6-8. The court emphasized finding a solution that avoids student pressure and suggested a potential deferral for Class 6.
The Delhi High Court has urged the Wrestling Federation of India (WFI) to establish clear guidelines and timelines for female athletes returning to competitive sports after maternity leave. The court's observations came during a hearing for grappler Vinesh Phogat, who is seeking permission to participate in selection trials for the 2026 Senior World Championships after her maternity break. Justice Swarana Kanta Sharma highlighted the unfairness faced by women athletes post-childbirth and criticised the WFI's current policies, hinting at the need for a balanced framework.
The company's India head, Arun Srinivas, has been summoned by the child rights body on Thursday.
India has clarified its policy regarding participation in the 2027 South Asian Federation (SAF) Games in Pakistan, stating decisions will align with national sports policies and international governing bodies. While bilateral sporting engagements with Pakistan remain suspended, Indian athletes are permitted to compete in multilateral events. The government also aims to simplify visa processes to position India as a global sports hosting destination.
State Bank of India's latest report highlights a 'chalk and cheese' divide in the Reserve Bank of India's recent policy communications, with the Monetary Policy Committee minutes showing a hawkish tone while the Governor's statements are more data-dependent, leading to market uncertainty regarding future interest rate hikes.
Prime Minister Narendra Modi, in bilateral talks with Chinese President Xi Jinping, emphasized that both nations must show sensitivity to each other's core issues and be guided by mutual respect, sensitivity, and interest. Modi highlighted the critical importance of peace and tranquillity along the Line of Actual Control for the development of India-China relations, while also addressing concerns regarding Taiwan and Tibet.
The Ministry of External Affairs stated that India's participation in the 2027 SAF Games in Pakistan will be guided by the sports ministry's policy, which permits Indian athletes to compete in events with Pakistani participants and vice-versa. Separately, the MEA also commented on the ongoing legal proceedings for seven foreign nationals, including a US citizen and six Ukrainians, who were recently chargesheeted by the NIA for illegal entry and movement, though not under UAPA at this stage.
India needs to move beyond ease and cost of doing business and focus on the "speed of doing business" as the next leg of reforms to sustain economic growth and private investment, Confederation of Indian Industry (CII) President R Mukundan said.
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.
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 report by Scholars at Risk, 'Free to Think 2026', states that academic freedom in India is "severely restricted" due to increasing government influence over higher education, university governance, and curbs on student expression. India is listed among six countries in this category, with its Academic Freedom Index score sharply declining. The report cites instances of faculty dismissals, event cancellations, and pressure on student protests, highlighting the alleged use of the UGC as a vehicle for state influence.
Micron CEO Sanjay Mehrotra announced plans to significantly scale up the company's chip assembly and testing facility in India, moving from "vision to execution" in the nation's semiconductor ambitions. He highlighted the success of the Sanand, Gujarat plant, which is already producing "Made in India" memory chips, and the company's substantial engineering contributions from its Indian centres. Mehrotra also emphasised the critical role of memory chips in the AI era, driving Micron's growth.
Sports Minister Mansukh Mandaviya has announced the formation of a 10-member Task Force, chaired by Yugal Kishore Joshi, to explore the revival of Formula 1 in India. The committee will assess challenges, identify policy interventions, and develop a roadmap to potentially host a race by 2028, addressing issues that led to its discontinuation after 2013.
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.
A US nonprofit policy think tank, the Federation of American Scientists (FAS), estimates India's nuclear arsenal at 190 warheads, including those for new missiles under production. The report highlights India's ongoing modernisation of its nuclear capabilities and adherence to a no-first-use doctrine, while also noting uncertainties in warhead designs and plutonium reserves.
India is making a significant push to establish itself as a global semiconductor manufacturing hub, driven by strategic investments and policy support. The upcoming SEMICON India 2026 event will showcase the country's advancements and ambitions in this critical industry, which underpins virtually all modern electronic devices and has faced global supply chain vulnerabilities.
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.
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 United States and the European Union have strongly criticised India's trade policies at the World Trade Organization review, highlighting concerns over high tariffs, quality-control orders (QCOs), and restrictions on digital trade and services, which they argue undermine India's economic openness.
J R D Tata, chairman of the Tata group from 1938 to 1991, said that whenever he had to make a difficult decision, he would ask himself, what will be good for India, and what will be good for the Tatas. If he had a doubt, he would decide in favour of India. In the long run, it would turn out well for the Tatas too, he said, points out Arun Maira.
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.
Digital money is gradually starting to behave like software. It's no longer inert -- sitting passively in accounts. In the not-so-distant future, your money could become 'smart' and 'active,' understanding your preferences, paying your bills automatically, optimising your returns, and managing your risks -- all without you having to manage the details.
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.
Mercedes-Benz India plans to continue introducing hybrid vehicles, including the new AMG E 53 plug-in hybrid EV, to meet consumer demand, viewing hybrids as a crucial bridge to full electrification despite the absence of supportive government policies.
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.
Pakistan has requested the Asian Hockey Federation to move its Asian Champions Trophy matches from India to a neutral venue, citing a "sensitive bilateral situation" and security concerns. Hockey India has rejected this demand, stating there will be no change in venue for the tournament scheduled in Mohali and Jalandhar from October 27 to November 5. Pakistan's participation remains uncertain, with potential replacements like Bangladesh and Oman being considered.
'The large number of tariff lines in the 90-99 per cent band highlights how deeply embedded Chinese sourcing has become in India's electronics imports.'
The Wrestling Federation of India (WFI) has implemented a new two-stage trial system for the 2026 Senior World Championships. This policy allows wrestlers participating in the Asian Games to also compete for a spot in the World Championships team through a "final trial," addressing the overlap between the two major events. The first phase of trials is scheduled for September 14-15, with specific provisions for certain weight categories and U23 championships.
Pakistan has formally requested the Asian Hockey Federation to move its Asian Champions Trophy matches from India to a neutral venue, citing a "sensitive bilateral situation" and security concerns. The tournament is scheduled for October 27 to November 5 in Mohali and Jalandhar. This request follows earlier claims of Pakistan's participation and past withdrawals from events in India.
For India, the goal is not simply to host another grand diplomatic gathering. It is to prove that a diverse coalition of emerging powers can still deliver.
Understanding a product and assessing its suitability improve the chances of staying invested. Use life insurance mainly to cover risk, not to seek returns.
