A new report reveals that enterprise AI investment in India has surged by 119 per cent, exceeding the global average. However, only 22 per cent of Indian organisations have established adequate governance frameworks, creating a significant gap between rapid deployment and safe, scalable AI adoption. This lack of governance impacts operational depth and raises concerns about transparency, regulation, and data privacy.
The Indian Golf Union (IGU) has approved significant amendments to its Memorandum of Association, including the addition of Sportspersons of Outstanding Merit, creation of a Dispute Resolution Committee, and modifications to its election process, all aimed at aligning with the National Sports Governance Act.
The Indian Olympic Association (IOA) has approved significant constitutional changes to align with the National Sports Governance Act (NSGA), allowing for longer tenures for office-bearers and revising age limits. These amendments, which have received preliminary approval from the International Olympic Committee (IOC), also impact the structure of the Executive Council and set the stage for upcoming elections, including those for the Athletes' Commission.
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 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.
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.
The Indian government has introduced a 0.4 per cent charge on UPI payments exceeding Rs 2,000 made to merchants, with a cap of Rs 300 for transactions of Rs 75,000 and above. This policy shift ends the zero-MDR regime, which was previously criticised by financial institutions. While essential sectors and capital markets have specific fee structures, small merchants with monthly UPI QR code earnings up to Rs 1 lakh remain exempt. Person-to-person transfers are unaffected, and measures are in place to prevent merchants from passing these costs to customers.
The Congress party has criticised the government's recent notification regarding UPI transactions, alleging it paves the way for users to be charged fees, particularly for transactions above Rs 2,000. The party claims the government lacks transparency and questions if the move is to benefit American firms. The government, however, states that charges are necessary for the system's sustainability and infrastructure upgrades, with the Finance Minister clarifying that Merchant Discount Rate (MDR) applies to merchants, not customers.
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.
The BJP has accused the Congress of spreading "fake news" regarding UPI transaction charges, asserting that the government has clarified that consumers will not be levied merchant discount rate (MDR) charges. This comes after the Congress criticised a government notification, alleging it paves the way for imposing fees on UPI transactions. The BJP has strongly refuted these claims, highlighting that most UPI transactions remain free and the government provides incentives to maintain a charge-free ecosystem for users.
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.
Foreign portfolio investors (FPIs) have withdrawn nearly Rs 5,109.21 crore from Indian government securities under the fully accessible route (FAR) in just three days, driven by global uncertainty, elevated crude prices, rising US Treasury yields, and a depreciating rupee.
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".
The London High Court has rejected Nirav Modi's petition to reopen his extradition case, citing the Indian government's assurances regarding his treatment in India as a key factor in their decision.
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.
An Indian woman has alleged that Russian police detained her husband in Moscow and pressured him to join the Russian army. The Indian Embassy has sought consular access, while India continues efforts to secure the return of its nationals recruited into Russian forces.
The reforms, undertaken by the Department of Defence Production, remove stakeholder consultation for exports of non-lethal defence items to most destinations, while retaining safeguards for sensitive countries.
The Board of Control for Cricket in India (BCCI) will hold its Annual General Meeting (AGM) in Mumbai on September 18. Key agenda items include granting associate membership to the Andaman and Nicobar Islands cricket association, electing two posts for the IPL Governing Council, and appointing the BCCI Ombudsman and Ethics Officer.
During the Asia Cup final on Sunday, the cameras panned to the guest box at the Dubai international stadium and showed BCCI Secretary Devajit Saikia in conversation with Asian Cricket Council Chairman Mohsin Naqvi.
Arun Singh Dhumal and Khairul Jamal Majumdar are poised for unopposed re-election to the IPL Governing Council at the upcoming BCCI Annual General Meeting on September 18. The election process, including nomination dates and candidate scrutiny, has been outlined by the BCCI Electoral Officer.
The Indian Olympic Association (IOA) has approved significant constitutional changes to align with the National Sports Governance Act (NSGA).
A small contingent of the 74-member Indian athletics team is still awaiting visa clearance for Japan, potentially impacting their acclimatisation camp ahead of the Asian Games in Aichi-Nagoya. AFI officials are working to resolve the issue, which stems from VFS requirements regarding application locations.
The Karnataka government is collaborating with ElevenLabs to explore pilot projects using voice AI across various sectors including skilling, investment promotion, healthcare, culture, and citizen services. This initiative aims to leverage advanced AI to enhance accessibility and efficiency of government services, with a strong focus on responsible AI use and safeguards against misinformation.
The Ministry of External Affairs reported that 275 Indians remain missing following devastating flash floods along the Nepal-Tibet border, while 166 others have been rescued. India has supplied 95 tonnes of relief material and deployed 54 personnel, including rescue and forensic experts, to assist Nepal. The death toll in Nepal has reached 1,295, with thousands still missing, and significant infrastructure damage reported. India has also highlighted the need for developed countries to lead in climate change action.
Arundhati Bhattacharya, Salesforce President and CEO for South Asia, stated that cloud and AI are democratising capabilities, offering India a unique opportunity to leapfrog in technology. Speaking at the IMC Chamber of Commerce, she emphasised that AI will create more jobs and urged Indian businesses to transform using technology, rather than merely digitising. She also highlighted the significant economic potential of AI adoption for India.
A report by Bain & Company and HealthQuad identifies remote patient monitoring, OT/ICU optimisation, and chronic disease management as key opportunities for Artificial Intelligence in Indian healthcare. The report highlights a shift from experimental AI to real-world applications, driven by government initiatives, increasing EMR adoption, and a robust startup ecosystem. AI's autonomous capabilities are rapidly advancing while costs decrease, creating significant growth potential for providers and startups.
India's Sports Ministry has announced the formation of a 20-member National Sports Election Panel (NSEP), including two former Chief Election Commissioners, to oversee fair elections in national sports bodies. This panel, mandated by the National Sports Governance Act 2025, aims to streamline electoral processes. Additionally, the deadline for applications to the National Sports Tribunal (NST), which will handle sports disputes, has been extended.
Olympic medallist Swapnil Kusale highlights the growing respect and "fear factor" Indian shooters command internationally due to their consistent performances. He expresses confidence in the Indian contingent for the upcoming Asian Games, despite some notable absences, and discusses challenges like range maintenance.
The Indian Olympic Association (IOA) is poised to approve significant constitutional amendments to comply with the National Sports Governance Act 2025. These changes, already endorsed by the executive committee, will be formalised at a Special General Body Meeting. Key areas of reform include age and tenure guidelines for office bearers, which differ from the existing IOA rules, and a potential reduction in the Executive Committee's size. The General House will also discuss the upcoming December elections.
Ravi Shastri lauded Prime Minister Narendra Modi for taking a leading role in international diplomacy during the ongoing BRICS Summit in New Delhi.
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.
Olympic silver medallist Vijay Kumar has urged the 30-member Indian shooting contingent for the Asian Games to prioritise individual medals over team events. He also highlighted the need for significant improvements in coaching, advocating for more former international medallists in the system, and stressed the importance of better grassroots talent identification, drawing comparisons with China. Kumar also commented on the void left by coach Jaspal Rana's death and questioned recent selection policies.
Indian hockey teams will return to their traditional blue jerseys for the Asian Games after a controversial shift to saffron kits sparked widespread criticism and internal discord within Hockey India. The decision to revert to blue was confirmed by HI president Dilip Tirkey, who had previously questioned the saffron kit's adoption without proper approval.
Sports Minister Mansukh Mandaviya addressed the Indian contingent for the upcoming Asian Games, urging them to perform under pressure and continue the nation's impressive medal growth. He highlighted India's significant increase in medal tally from 2014 to 2023, attributing it to an improved sports ecosystem, and expressed confidence in the 503-member squad's potential.
An Indian-origin woman, Anila Baby, has been arrested in California for allegedly murdering two of her friends, Ann Mary Mathew and Anjana Hari, in separate incidents within 90 minutes. The victims, also of Indian origin from Kerala, were reportedly strangled and stabbed, and run over by a car. The motive remains under investigation, and Baby faces two counts of first-degree murder.
Sashidhar Jagdishan, the managing director and chief executive of HDFC Bank, has opted out of being considered for reappointment after his current term ends on October 26, choosing to retire after nearly three decades with the lender.
Elavenil Valarivan's family celebrated her historic Asian Games silver medals, saying 12 years of dedication, sacrifice and support from coaches and authorities finally brought her long-awaited success.
The Indian hockey teams will return to their traditional blue jerseys for the upcoming Asian Games, reversing a controversial decision to switch to a saffron-coloured kit. The previous change had led to widespread criticism, internal discord within Hockey India, and even political debate, despite claims of visibility issues on blue turf.
Paralympic Committee of India president Devendra Jhajharia expressed confidence in the Indian contingent's performance at the upcoming Asian Para Games in Japan. He highlighted the team's focused training, stress-free environment, and recent successes, while also outlining long-term plans for the 2028 and 2032 Paralympics and addressing grassroots development challenges.
Greco Roman wrestler Deepak has failed a dope test, leading to his withdrawal from the Asian Games contingent. This marks the third doping case for Indian wrestling ahead of the continental event, further reducing India's representation. The National Anti-Doping Agency (NADA) found clomifene in his sample, a prohibited substance. The Wrestling Federation of India (WFI) decided to withdraw him to avoid potential penalties from the world governing body.
