business A new Merchant Discount Rate (MDR) framework has been introduced for UPI transactions. This framework applies to merchants processing payments exceeding ₹2,000. Users will continue to benefit from zero transaction charges on UPI payments. The changes aim to regulate the fee structure for businesses accepting digital payments. Further details regarding the implementation timeline are expected soon.
business India's software services exports jumped by 8.2% to $221.4 billion in the fiscal year 2025-26. The US continued to be the biggest destination, securing a 54.1% share of these exports. The RBI survey revealed that off-site services made up almost 92% of the total exports. Computer services remained the largest segment, accounting for 69.3% of the total exports. Moving forward, the US dollar maintained its dominance in invoicing for these international sales.
business The Delhi High Court scheduled a hearing on September 17 regarding Lyngdoh guideline violations during the DUSU elections. Yash Dabas of ABVP is currently leading the race for DUSU president against NSUI's Vijay Shankar Meena. The elections are set for the 2026-27 session, with spending caps of ₹5,000 being widely ignored. Candidates bypassed rules by using mass-produced prints instead of allowed handmade posters. The polls are heavily influenced by campus safety issues following a recent building collapse. ⚖️
health India is planning to enforce strict rules on cough syrup packaging to discourage use in kids under four. This move is being considered by the DCGI in response to safety concerns and inappropriate prescribing practices. The proposal involves a prominent red warning and visuals of school-age children on the bottles. This follows global incidents where contaminated syrups caused child deaths in The Gambia and Uzbekistan. The regulation aims to protect infants while the pharmaceutical industry calls for ingredient-specific rules.
india The government received the Advocate General’s legal opinion regarding the ED’s request to register a corruption case against Pinarayi Vijayan and his family. This action stems from the ED’s probe into an alleged CMRL bribery case, involving fraudulent payments of Rs 2.78 crore. The Home Department is currently examining this opinion, with further steps to be decided after consulting the Chief Minister. Decisions on further action are expected on Monday or Tuesday due to current holidays. Meanwhile, CPI(M) general secretary M A Baby claimed the ED action specifically targets the CPI(M).
sports Australia is looking to dominate the upcoming cricket series with a focus on green initiatives. The national team, in collaboration with local stakeholders, is preparing for matches across various Australian venues. Key dates include the start of the series on October 15th, with initial matches scheduled for October 20th. This push aligns with the country's broader commitment to sustainable sports practices and environmental goals. The ultimate goal is to secure a clean sweep of the entire series. 🏏
business Hanuman Ansh is having a historic theatrical run, netting Rs 4.75-5 crore on its 7th Friday at the Indian box office. The film is currently performing in India, showcasing massive momentum deep into its run. Its 7th week collection is set to become the all-time highest within the next two days. The devotional drama's cumulative box office collections currently stand at approximately Rs 236 crore nett. This performance puts the film on track to hit a Rs 300 crore nett final collection. 🚀
business Maharashtra is significantly boosting its adoption of solar energy for agriculture. This initiative involves the installation of 7.47 lakh solar pumps across the state. The deployment targets the fiscal year 2023-24 to modernize irrigation practices. This shift aims to reduce dependence on traditional, non-renewable power sources for farming. Further expansion plans are expected to continue throughout the coming years. ☀️
sports The Indian men's cricket team is facing delays before heading to the Asian Games in Japan. The contingent, led by Shreyas Iyer, is waiting for correctly sized kits after issues between the BCCI and JSW Inspire. While most sizing problems are fixed, a few players are still waiting for replacements before the Sunday departure. The IOA stated this could happen because the team needs two different jerseys for the trip. Furthermore, the BCCI arranged separate hotel stays due to issues with the IOA's allocated accommodation. 🏏
world The US is reportedly considering a major reduction in its military presence across Europe after allies denied access to their airbases for the Iran war. Senior Pentagon commanders are set to submit plans to Defense Secretary Pete Hegseth soon. One option involves withdrawing one-third of the estimated 68,000 US troops, primarily affecting Germany, Italy, and Spain. This comes as European relations with Washington have strained over issues like defense spending and the Iran conflict. Hegseth is expected to make a final decision regarding this military drawdown by November 6. 😟
The Varthur-Gunjur corridor project is facing delays seven years after its inception. This crucial infrastructure project is located in Bangalore. Despite the seven-year timeline, the project has only seen progress worth Rs 482 crore so far. The slow pace is causing concerns among local commuters and urban planners. Authorities are expected to release a revised timeline for the project completion soon. 🚧
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