The Reserve Bank of India (RBI) net bought $561 million in June, marking its first net purchase since February, following three consecutive months of net sales. This move coincided with a series of government and RBI measures to attract foreign capital, leading to a 0.36 per cent appreciation of the rupee against the dollar.
Experts at AI Manthan 2.0 in Kanpur stressed the need for Artificial Intelligence to be customised for India's specific requirements in education, healthcare, agriculture, and governance. Discussions highlighted the development of local language models, AI solutions for farmers like crop loss assessment and a single-window platform, and AI's role in healthcare for diagnosis and reducing doctors' workload, all while ensuring data privacy through federated learning.
The BCCI's member units have authorised office-bearers to make a decision regarding the extension of chief selector Ajit Agarkar's contract, which is set to expire early next month, and to fill vacancies in the junior selection committee.
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.
An Indian-origin diamond businessman, Dhiru Ramani, abducted in Mali in April, has been freed after his family reportedly paid a 4 million euro ransom. Ramani, originally from Gujarat, remains in Mali for questioning by local authorities.
'Ultimately, banks are a channel for people to get some long-term return, and this means banks need to adjust their asset-liability mismatch.' 'Customers also need long-term deposits, say those of three-five years. How would they get them if returns on those deposits do not climb?' 'Otherwise, on fixed deposits, a senior citizen doesn't get anything.'
Hardeep Singh Brar, President and CEO of BMW Group India, has urged state governments like Delhi to remove price caps on road tax benefits for electric vehicles (EVs), arguing that such limits deter luxury-car buyers and hinder the transition to cleaner mobility in pollution-affected regions.
The National Payments Corporation of India (NPCI) stated that the Merchant Discount Rate (MDR) "is distributed only amongst the UPI ecosystem, to further invest into infrastructure resilience, innovation, cybersecurity (protecting the UPI infrastructure with banks and non-banks) and customer service."
The Congress government in Karnataka has issued an order limiting the singing of 'Vande Mataram' to its first two stanzas at state programmes, with exceptions for events attended by high-ranking officials. This decision, based on a 1937 Congress resolution, has drawn sharp criticism from the opposition BJP, which labels it "appeasement politics" and an insult to the national symbol.
Anant Nag has dedicated the Dadasaheb Phalke Award 2024 to the people and unique cultural environment of Karnataka, crediting the state for his unparalleled success in both art and commercial films.
A new report by FICCI, BCG, and IBA outlines that India's banking sector must grow significantly faster than nominal GDP to support a USD 30 trillion economy by 2047, requiring banking assets of USD 45 trillion. The report highlights the sector's current strength, challenges in digitisation, and the need to enhance resilience against fraud and cyber threats, proposing a 13-point agenda for stakeholders.
'I don't really expect the August increase in food prices, which was close to 6 per cent, to persist as we go close to the end of this year.'
Nepali Prime Minister Balendra Shah held his first one-on-one meeting with Indian Ambassador Naveen Srivastava, signalling a shift towards direct diplomacy after previously preferring group interactions. The discussion focused on strengthening bilateral ties, development partnerships, and mutual interests between India and Nepal.
Gurucharan Singh Hora, current Joint Secretary (Interim) of the All India Tennis Association (AITA), has announced his candidature for the Secretary General post. His decision comes amidst ongoing legal challenges and governance reforms within the AITA, with fresh elections mandated by the Delhi High Court.
The government is introducing a 0.4% Merchant Discount Rate (MDR) on UPI person-to-merchant payments above Rs 2,000, effective October 15. This move ends the zero-MDR regime, aiming to fund UPI infrastructure and sustainability, as the previous government subsidy was insufficient to cover operational costs. Payments between individuals and most everyday merchant transactions will remain free.
Olympic silver medallist Vijay Kumar has called for an independent review of the National Rifle Association of India's (NRAI) coaching appointments, citing concerns about transparency, eligibility criteria, and potential conflicts of interest. The NRAI, however, asserts that appointments are merit-based and views Kumar's concerns as 'sour grapes' after his own non-selection.
Eleven-year-old Indian karting sensation Atiqa Mir has achieved impressive top-10 finishes in Round 4 of the FIA European Championship, becoming the youngest Indian to do so. She secured ninth and J10th place in heat races, qualifying P11 just 0.13 seconds off the fastest time. Her father, Asif Mir, believes she exceeded expectations and is poised for a full championship challenge next year.
Five friends from Raipur, Chhattisgarh, narrowly escaped being swept away by flash floods in Nepal's Bhote Koshi and Trishuli river valleys thanks to an impromptu tea break. They endured two tense days on higher ground, witnessing devastation, before returning home safely, with a poignant Raksha Bandhan moment providing comfort.
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.
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.
Legendary Indian hockey player Harbinder Singh reminisces about India's historic first Asian Games gold medal in 1966, defeating arch-rivals Pakistan. He shares insights into the team's motivation, the challenging final match played with 10 men, and the evolution of hockey over the decades, including concerns about declining domestic spectator interest and India's prospects for future Asian Games.
An NRI couple from Vadodara, Kinnari and Mihir Patel, who travelled to Nepal from New Zealand, have gone missing after devastating flash floods hit the region, prompting their family to appeal to the government for swift rescue action.
West Bengal has launched an Emerging Quantum and Semiconductor Technologies (EQST) section at CSIR-CGCRI to attract investments and position the state as a hub for next-generation technology. Minister Kalyan Chakraborti highlighted India's need to invest in these crucial sectors and outlined the state's plans to collaborate with institutions and leverage budget initiatives to foster research and start-ups.
The Centre has informed the Delhi High Court that adults, including those in non-heterosexual relationships, should be allowed to nominate partners for medical decision-making in cases of incapacity. This submission comes in response to a petition seeking recognition of same-sex partners as medical representatives, with the government stating this approach aligns with existing legal and ethical frameworks, respecting patient autonomy and ensuring continuity of care.
A proposed Rs 1,200 crore Secretariat-Assembly complex in Pattinapakkam, Chennai, has ignited significant opposition from local fishing communities and various political parties. Residents fear displacement, loss of livelihood, and environmental damage, citing ancestral rights and broken promises. Political leaders across the spectrum are urging Chief Minister C Joseph Vijay to reconsider the site, highlighting concerns about ecological impact, traffic, and financial priorities.
US President Donald Trump is expected to sign the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026 later on Friday (local time). A White House official confirmed the development to ANI without revealing further details.
BJP sources said the government would introduce a fresh Bill on the issue and has reached out to parties that opposed the earlier legislation.
IIT-Kanpur has developed an AI-powered "Family Score" system to identify households needing welfare support using existing government data. This system, demonstrated in collaboration with the Andhra Pradesh government, aims to provide a faster and more cost-effective alternative to traditional surveys for assessing socio-economic conditions and ensuring targeted welfare delivery.
The Supreme Court has directed the Jammu and Kashmir administration to issue a no-objection certificate and relieving order to international water sports coach Bilquis Mir, enabling her to join the Indian National Kayaking and Canoeing Team as chief coach for the Asian Games. This ruling came after PDP chief Mehbooba Mufti criticised the bureaucratic hurdles faced by Mir, highlighting systemic issues within the administration.
Canadian police have found no evidence linking Indian government officials to the 2023 killing of Sikh separatist Hardeep Singh Nijjar, directly contradicting earlier allegations by former Prime Minister Justin Trudeau that strained bilateral ties.
'IN-SPACe like an octopus is stretching its tentacles everywhere and choking ISRO.'
The Supreme Court has refused to quash proceedings under the Prevention of Corruption Act against former NSE MD and CEO Chitra Ramkrishna, stating that the trial court will determine whether she can be considered a 'public servant' under the Act.
Nepal's Hindu groups have sought an all-party discussion on restoring Hindu-nation status within three months.
Malaysian Prime Minister Anwar Ibrahim's impromptu rendition of Kishore Kumar's classic 'Khwab Ho Tum Ya Koi Haqeeqat' has captivated audiences online, with a video of his performance garnering over a million views and widespread appreciation.
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.
Harikesh Patel, a former member of the Patidar Anamat Andolan Samiti (PAAS), has been arrested by the Gujarat Anti-Terrorist Squad (ATS) for allegedly obtaining a second passport using forged documents. Patel had previously surrendered his original passport in connection with an ED money laundering case. He reportedly used the fraudulently obtained passport for international travel.
Rabiul Alam Chowdhury, Mamata Banerjee's party's candidate for the Rejinagar by-election, initially announced his withdrawal from the contest due to harassment of workers and symbol unfamiliarity, but retracted his statement within hours after intervention from the party's top leadership and Mamata Banerjee herself, confirming he will now contest the October 6 poll.
India's UPI International payment system is now playing a crucial role in humanitarian efforts, enabling seamless disaster relief donations from Indian users to Nepal's Prime Minister Disaster Relief Fund, showcasing its growing global acceptance and utility beyond tourism. UPI IMAGE: Kindly note that this image has been posted for representational purposes only. Photograph: Unsplash Key Points UPI International, initially for Indian tourists, is now facilitating disaster relief donations to Nepal's Prime Minister Disaster Relief Fund. The embassy of Nepal in India is actively encouraging Indian users to utilise their UPI apps for these contributions. This marks a significant shift, expanding UPI's cross-border use case beyond tourism to include inbound collection for foreign governments. The move positions UPI International alongside global payment giants like Alipay+ and UnionPay for international aid. Donors need to activate the UPI International feature on their apps to transact, with amounts converted from INR to NPR.
Former Tehelka editor-in-chief Tarun Tejpal has surrendered before a Goa court to begin serving his 10-year rigorous imprisonment sentence in a 2013 sexual assault case. This follows a Supreme Court directive and his conviction by the Bombay High Court, which overturned his earlier acquittal. Tejpal's appeal against his conviction is slated for a Supreme Court hearing in September 2026.
An Indian firm, Bharat Forge, and US defence major Pratt & Whitney Canada have announced a collaboration to develop India's high-altitude, long-endurance (HALE) unmanned aerial vehicle (UAV). This partnership will focus on integrating advanced turboprop engines into the DRDO-designed HALE UAV, bolstering India's indigenous defence capabilities under the Aatmanirbhar Bharat initiative. The collaboration aims to enhance India's strategic self-reliance in surveillance and reconnaissance technology.
