Industry leaders at an AIMA panel discussion emphasised the need for businesses to quickly adapt to changing market conditions and invest in technologies like artificial intelligence to build resilience and achieve long-term growth. They highlighted the current era of uncertainty driven by geopolitical tensions, supply chain disruptions, and rapid regulatory changes, stressing that tactical responses are as crucial as long-term strategy.
Japan inaugurated the 20th Asian Games in Nagoya with a vibrant opening ceremony that seamlessly blended advanced technology and rich cultural traditions, despite earlier organisational challenges.
The Indian coal ministry announced that 147 commercial coal blocks auctioned since 2020 are expected to attract approximately 55,000 crore in capital investment, generate 490,000 jobs, and contribute significantly to state revenues.
The Cockroach Janta Party (CJP) will operate as a 'pressure group' to address issues like public trust, unemployment, and institutional accountability, with founder Abhijeet Dipke declaring support for protesting students in Jharkhand and advocating for those involved in NEET paper leak agitations.
The CBI has registered a case against Reliance Capital Limited (RCAP), its former chairman Anil Ambani, and others for an alleged Rs 2,684.57-crore fraud involving investments made by the Life Insurance Corporation of India (LIC). Anil Ambani has denied any wrongdoing. The LIC alleges criminal conspiracy, misrepresentation, and fraudulent diversion of funds.
A Public Interest Litigation has been filed in the Supreme Court challenging the Centre's decision to impose a 0.4 per cent Merchant Discount Rate (MDR) on UPI person-to-merchant transactions exceeding Rs 2,000. The plea argues that the levy was introduced without adequate statutory safeguards, transparency, or public consultation, and questions its constitutional validity and potential adverse effects on merchants and consumers.
The US push for clearer crypto rules is putting pressure on India to fill its own regulatory gap for virtual digital assets.
Tamil Nadu Chief Minister C Joseph Vijay has clarified that his recent jaw-touching gesture in the State Assembly was unintentional, not meant to mock DMK president MK Stalin. The gesture sparked social media debate and drew criticism from CPI(M) State Secretary P Shanmugam, who linked it to Stalin's jaw fracture during the Emergency. Vijay made the gesture while criticising the DMK over alleged corruption.
'Every period of excessive optimism eventually gives way to a correction, while periods of extreme pessimism often create the best investment opportunities.'
India has strongly rejected remarks by the US Commission on International Religious Freedom (USCIRF) officials calling for sanctions against the Rashtriya Swayamsevak Sangh (RSS) and advising against diplomatic courtesies for its leaders. The External Affairs Ministry spokesperson labelled USCIRF a "biased" organisation with its own agenda, lacking credibility.
Top US and Chinese officials, including Vice Premier He Lifeng and Treasury Secretary Scott Bessent, held "candid, in-depth and constructive" talks in New York on economic and trade issues, with a specific focus on artificial intelligence. These discussions precede Chinese President Xi Jinping's anticipated visit to Washington and occur amidst new US sanctions targeting countries purchasing Russian oil and gas, and the US unveiling an "AI Force."
The Supreme Court has indicated that its judges may personally visit the National Testing Agency (NTA) to examine its upgraded facilities aimed at preventing recurring NEET paper leaks. This unusual move underscores the court's emphasis on institutional strengthening and permanent solutions. The NTA informed the bench that it has overhauled its system, while a high-powered panel is also working on structural reforms to ensure foolproof examination processes.
Former Rajasthan chief minister Ashok Gehlot has criticised the Centre for introducing a 0.4% charge on UPI transactions above Rs 2,000, alleging the decision was influenced by pressure from the United States and its payment companies like Visa and Mastercard. He highlighted a perceived shift in the government's stance on Merchant Discount Rate (MDR) for UPI, claiming it would ultimately burden consumers and small businesses while benefiting American firms.
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 captain of the Pakistani naval ship was overconfident, reckless and professionally incompetent. He displayed false bravado and by his actions would have caused grievous injuries to his men onboard and severely damaged the ship. On the other hand the captain of INS Kolkata maintained his cool, composure, displayed excellent seamanship skills and maintained his course and speed to avoid a major catastrophe. Comparison of the two captains shows the levels in professional competence of the two navies which are miles apart, points out Commodore Venugopal Menon (retd).
Rashmika Mandanna has replaced Sai Pallavi as the lead in the highly anticipated M S Subbulakshmi biopic.
Delhi Police have arrested three men from Punjab for allegedly painting pro-Khalistan and anti-BRICS slogans near the Singhu border. The arrests were made at the behest of designated terrorist Gurpatwant Singh Pannun, chief of the banned Sikhs for Justice (SFJ). One of the accused, Preetpal, previously arrested for similar activities, is suspected to be SFJ's operational head in India and is being investigated for foreign funding and links to terror operatives.
AICC general secretary K C Venugopal announced that the Congress would not withdraw its candidate Milan Pradhan from the Nandigram Assembly bypoll in West Bengal, despite his recent arrest. Pradhan was apprehended in connection with a 2007 anti-land acquisition movement case, shortly after the Trinamool Congress extended its support to him. Venugopal alleged political pressure and questioned the Election Commission's silence, vowing to elevate the issue to a national level.
A TMC office, former MLA and councillor residences, and a CPI(M) memorial were allegedly vandalised in Jadavpur, Kolkata. The Trinamool Congress and the Left Front have accused BJP workers of the attacks, while the BJP has denied involvement, attributing the incidents to internal TMC disputes.
Five southern states are stepping up coordination on delimitation, tax devolution and language issues, reviving calls for a stronger collective South platform.
The Securities and Exchange Board of India (Sebi) has swiftly barred Copthall Mauritius Investment and Mansi Share & Stock Broking from the securities market for alleged manipulative trades during the closing auction session (CAS) on Sensex expiry. The regulator has also directed the impounding of wrongful gains totalling 3.67 crore from the two entities.
Trai has brought app-based spam calls under tighter regulations through new A2P call rules.
The Supreme Court has directed the Centre, states, and Union Territories to swiftly establish dedicated courts to handle the "alarming rise" in cases under the Narcotic Drugs and Psychotropic Substances (NDPS) Act. The directive aims to set up all 449 required NDPS courts within six weeks. Additionally, the court noted progress in establishing special courts for cases probed by the National Investigation Agency (NIA), with several states committing to expedite their operationalisation.
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.
Chinese President Xi Jinping is set to visit the United States from September 23 to 25 for summit talks with US President Donald Trump, with discussions expected to cover critical economic and trade issues, including AI, and the recently signed US sanctions law targeting countries buying Russian oil and gas.
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.
Congress's Nandigram bypoll candidate Milan Pradhan has been sent to judicial custody until October 3 on charges dating back 19 years, effectively ending his campaign for the October 6 by-election.
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.
Japan hosted a vibrant opening ceremony for the Asian Games in Nagoya, showcasing its technological advancements and cultural heritage. The event, themed 'Harmonic Heart Beat', welcomed 11,000 athletes from 45 nations, despite prior logistical challenges.
A high-level committee, including representatives from banks and payment associations, is set to decide on Merchant Discount Rate (MDR) for UPI transactions exceeding Rs 2,000 to merchants. While person-to-person and person-to-merchant transactions up to Rs 2,000 remain free, the move follows a recent amendment to the Payment and Settlement Systems Act, sparking debate and clarification from the Finance Minister that only certain high-value merchant transactions might incur charges.
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.
The trophy is supposed to be the full stop to a tournament, not another comma in an India-Pakistan controversy, points out K R Nayar.
The Supreme Court has scheduled a final hearing for a batch of petitions challenging the marital rape exception in Indian law. The court will examine the constitutional validity of the provision that grants immunity to husbands from prosecution for sexual acts with their wives, even under the newly enacted Bharatiya Nyaya Sanhita, 2023. This significant legal challenge follows split verdicts from High Courts and seeks to address whether such an exception aligns with fundamental rights.
The Ministry of Home Affairs informed a Joint Committee of Parliament that the number of active NGOs registered under the Foreign Contribution (Regulation) Act has halved over the last decade, even as foreign funds received by them have significantly increased. Christian associations received the largest share of these funds in 2024-25. The report comes amidst discussions on a contentious FCRA amendment bill aimed at tighter government oversight.
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.
Law And Order not only delivers an outdated and amateurish gangster drama, but also manages to drag Mammootty's iconic Black character into the mess.
The Supreme Court has taken a serious view of allegations of harassment against a minor girl who participated in the July Cockroach Janta Party protests. The court emphasised that nobody should be allowed to intimidate a victim or her family from pursuing criminal proceedings and directed the Solicitor General to ensure action on the girl's FIR, seeking reports from Delhi and Uttar Pradesh governments.
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.
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.
