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.
EaseMyTrip co-founder Nishant Pitti has been chargesheeted by the Enforcement Directorate in the Mahadev online betting app money laundering case. He is accused of facilitating illegal betting proceeds into the equity market via foreign portfolio investments, with his DEMAT shares worth Rs 59.60 crore provisionally attached. Pitti denies knowledge of the chargesheet and vows to cooperate, while the ED alleges his involvement in stock price manipulation and layering crime proceeds.
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 Enforcement Directorate (ED) has informed the Bombay High Court that former liquor baron Vijay Mallya continues to evade Indian law, and the recovery of debts by banks does not absolve him of money laundering charges.
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."
A POCSO court in Assam's Dhubri district has sentenced Utpal Ray to death for the rape and murder of a four-year-old girl in 2023, terming the crime "rarest of rare". The convict also received life imprisonment for rape and other sentences for related offences.
'All these reports and announcements by the US seem like attempts to gain a lever in trade deal negotiations with India.'
The Sports Ministry has initiated a fresh application process for a national Yogasana federation, setting a September 17 deadline. This follows a Delhi High Court ruling that quashed the recognition of Yogasana Bharat and mandated a new affiliation procedure. Eligible bodies must submit detailed applications, adhering to the National Sports Governance Act, which includes specific requirements for executive committee composition.
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.
Chinese President Xi Jinping's first visit to India in seven years for the BRICS Summit and bilateral talks with Prime Minister Narendra Modi is set to address crucial aspects of India-China relations, including trade, investment, and persistent border tensions.
Former Indian cricketer Jacob Martin has been acquitted of all charges by the Patiala House Court in a 22-year-old criminal case involving allegations of forgery and passport act violations, bringing him significant relief after years of stress.
'Nitishji as CM never supported the UCC and publicly expressed his strong reservations over UCC.'
The Samyukta Kisan Morcha (SKM) has ended its protest at the Chandigarh-Mohali border after receiving written assurances from the Punjab government. The government has pledged to convene a state Assembly session within a month to address issues concerning river waters, agriculture, and farmer loans, including resolutions against old water agreements and certain central bills.
On August 8, 1942, Mahatma Gandhi gave India a simple but powerful call: 'Do or Die'. What followed was the Quit India Movement, one of the largest mass uprisings against British rule.
The US senate last week passed a bill that would allow Washington to impose tariffs on major buyers of Russian energy.
The Kerala High Court has dismissed a petition seeking to quash criminal proceedings against a man accused of repeatedly raping a 17-year-old girl. The court ruled that even if a marriage was solemnised under Muslim religious rites, it would not protect the accused from criminal liability under the POCSO Act, reinforcing that the Act applies when one party is a minor, irrespective of personal law.
Supreme Court Justice Sandeep Mehta has sent a fourth letter to CJI Surya Kant, reiterating and expanding allegations against Rajasthan High Court judge Sanjeev Prakash Sharma, accusing him of judicial interference, breaching confidentiality, and administrative abuse, further deepening a significant judicial controversy.
FATF Vice-President Vivek Aggarwal has urged the fintech industry to increase investments to combat emerging threats from AI, scam compounds, virtual digital assets, and quantum computing. He warned that these technological challenges pose a significant risk to India's rapid growth in the fintech sector, highlighting a current lack of adequate investment and risk realisation within the industry.
Japan is deepening its defence relationship with India while simultaneously expanding its economic, infrastructure and security engagement with countries around India -- particularly Bangladesh. The result is an emerging Japanese conception of South Asia in which India remains the strategic anchor, but the geography surrounding India is becoming increasingly important, points out Varun Arya.
The Congress party has criticised the Modi government over a notification regarding UPI transactions, alleging it paves the way for imposing fees, especially on transactions above Rs 2,000. Rahul Gandhi claimed the government is surrendering to American pressure, while Mallikarjun Kharge highlighted the potential burden on common citizens amidst inflation. The government's notification prohibits charges on UPI transactions up to Rs 2,000 but remains silent on higher amounts, sparking fears of a "Digital Payments Tax."
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.
China emphasises proper handling of differences and a long-term perspective for bilateral ties ahead of President Xi Jinping's visit to India for the BRICS summit and talks with Prime Minister Narendra Modi. The visit aims to stabilise relations following the 2020 Ladakh standoff and strengthen BRICS cooperation.
It is important to understand that the rupee's appreciation, driven by the 2013 special swap scheme, reduced India's import costs for petroleum, oil, and gold, points out Dr Ashwani Mahajan, National Co-Convenor, Swadeshi Jagaran Manch.
Former Sri Lanka all-rounder Russel Arnold believes the hosts will struggle to add another frontline spinner to their playing XI for the second Test against India without upsetting the team's overall balance, especially given their batting struggles.
JSW Group and China's SAIC Motor are in discussions for the next round of capital support for JSW MG Motor India, aiming to expand manufacturing capacity beyond 220,000 units annually to an ambitious one million vehicles and broaden its new-energy vehicle (NEV) portfolio.
The 78th Primetime Emmy Awards celebrated the year's top television achievements, creating unforgettable moments.
The Supreme Court has stated it will wait for the central government's response on petitions concerning the criminalisation of marital rape before scheduling a hearing. This comes as the Centre has yet to file a substantive reply on the matter, which challenges the constitutional validity of exceptions in criminal law that protect husbands from prosecution for sexual acts with their wives. The issue involves the interpretation of Section 375 of the IPC (now replaced by Bhartiya Nyaya Sanhita) and has seen split verdicts in high courts.
Senior Congress leader Shashi Tharoor has articulated India's position on BRICS, advocating for it to be a "non-West, but not anti-West" platform, a stance he believes is crucial for India's national interest. He highlighted the prestige of hosting the BRICS summit, India's responsibility to represent the Global South, and the significance of bilateral meetings, particularly with China and Russia. Tharoor also addressed the strained India-China relations, citing border issues and trade leverage, and discussed the challenges within BRICS, including difficulties in achieving consensus on global issues and trade imbalances, while also considering the need for diversified international relations amidst unpredictable US sanctions.
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.
Cook up one of the most elegant desserts of France at home -- it's a cinch to make.
The Delhi High Court has granted bail to Sobiya Aziz and Kamran Ashraf Reshi, accused in a terror conspiracy case related to Jammu and Kashmir and other major Indian cities. The court cited their nearly five-year incarceration and the slow pace of the trial as reasons for the decision, imposing strict conditions on their social media use.
Reserve Bank of India (RBI) Deputy Governor Rohit Jain has warned that financial institutions' increasing reliance on a small number of common technology providers, including cloud and AI model providers, could create a new source of systemic risk. He highlighted 'speed, concentration and opacity' as key risks, noting that a disruption at one provider could rapidly spread across multiple institutions, amplifying existing financial risks.
Solicitor General Tushar Mehta informed the Supreme Court that an appeal would be filed against an Allahabad High Court decision that quashed the detention of Delhi University student Akriti Chaudhary under the National Security Act. The High Court had also awarded Rs 5 lakh compensation to Chaudhary and criticised the "despotic" conduct of the Gautam Buddha Nagar DM. The Supreme Court also expressed displeasure over a Greater Noida executive magistrate's notice to another student for protest participation.
The Supreme Court has rejected pleas to reconstitute a high-powered committee investigating alleged police excesses against student protesters in Delhi, stating that the allegations against the panel were based on conjecture. The court emphasised the committee's role in ensuring fairness and transparency, and directed it to proceed with its inquiry into various issues including the use of pellet guns, targeted violence, and property destruction, while ensuring protection and confidentiality for vulnerable witnesses.
India is hosting the BRICS summit, leveraging the platform to address global trade tensions and champion the developmental priorities of the Global South, including food, energy, and supply chain security. The summit, attended by leaders like President Xi Jinping and Vladimir Putin, will focus on resilience, innovation, cooperation, and sustainability, with India aiming to strengthen intra-BRICS collaboration and discuss global matters. The expanded BRICS grouping represents a significant portion of the world's population and GDP, making its discussions crucial for global economic stability.
South Korean male professional tennis players face a unique challenge: mandatory military service, which interrupts their careers for 18 months. This article explores how players like Seong-chan Hong, Hyeon Chung, and Soonwoo Kwon adapt to this obligation, with some earning exemptions through sporting achievements while others navigate a return to the professional circuit after their service.
The US District Court for the Eastern District of New York has revoked the naturalisation of Gurmeet Singh, an Indian-origin man, after he was convicted of rape and kidnapping. Singh had concealed these serious criminal acts during his naturalisation process, leading to the federal court's decision to strip him of his US citizenship.
Indian tennis icon Leander Paes is poised to contest the presidency of the All India Tennis Association (AITA), backed by the Bengal Tennis Association. This sets up a potential three-way battle against current Davis Cup captain Rohit Rajpal and interim president Chintan Parikh, pending Paes's success in the Sportsperson of Outstanding Merit (SOM) election.
The Allahabad High Court has ruled that the Places of Worship (Special Provisions) Act, 1991, prohibits only the conversion of religious character but does not prevent the state from acquiring such properties for secular and public purposes. This observation came while dismissing a petition challenging the widening and beautification of the Dalmandi area in Varanasi for the Shri Kashi Vishwanath Dham corridor, which involved the proposed demolition of six ancient mosques.
TMC MP Mahua Moitra was allegedly pelted with eggs by BJP workers during a visit to Nadia district's Tehatta area, despite police presence. Moitra invoked a recent Supreme Court observation regarding her apprehension of such attacks, questioning police inaction and alleging contempt of court. The BJP has condemned the act but denied involvement.
