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Last Updated: Just Now

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Banking, Fintech & Insurance Just now (08:17 AM IST)

Government Rules Out UPI Fee Rollback as 0.4% MDR Stays on Large Merchant Payments

The government will proceed with a 0.4% merchant discount rate on UPI payments above Rs 2,000, ending speculation of a rollback and setting up a new cost structure for larger business transactions from October 15. Officials say the move is intended to preserve the safety and long-term sustainability of the UPI ecosystem, while opposition parties have criticised the decision as a burden on digital commerce.

By RDU Global Wire5 min read

National Governance & Policy2h ago

Kumaraswamy Urges Election Commission to Reveal Truth Behind Reported Internal Differences

Union Minister and JD(S) leader H.D. Kumaraswamy has called on the Election Commission of India to publicly clarify reports of discord among its top leadership, saying the institution must protect its credibility by placing the facts before the people. His remarks came amid Congress protests alleging that Chief Election Commissioner Gyanesh Kumar had taken several unilateral decisions despite objections from the other two Election Commissioners.

4 min readRead →

National Governance & Policy6h ago

Mamata Backs Opposition Unity Over Demand to Remove CEC Gyanesh Kumar

West Bengal Chief Minister Mamata Banerjee on Saturday signaled support for a broader Opposition front against Chief Election Commissioner Gyanesh Kumar, saying she would back any party that raises a common cause for the people regardless of political colour. Her remarks came as the INDIA bloc prepares to meet in New Delhi on September 30 amid escalating tensions over the Election Commission and the special intensive revision exercise in West Bengal.

5 min readRead →

Banking, Fintech & Insurance6h ago

Government Says New UPI Merchant Fee Won't Hit Consumers as India Moves to Protect Digital Payments Growth

Government sources on Thursday said the proposed 0.4% merchant discount rate on certain UPI transactions above Rs 2,000 will be borne by merchants, not consumers, and will not flow into government coffers. The move, effective October 15, is aimed at building a sustainable revenue model for the digital payments ecosystem while keeping person-to-person UPI transfers free and shielding most small merchants from the charge.

5 min readRead →

National Governance & Policy8h ago

Oracle's Project Jupiter Delay Sends Shockwaves Through AI Infrastructure Financing

Oracle's decision to issue a force majeure notice tied to Project Jupiter, a massive data centre campus in New Mexico, has unsettled lenders and investors already growing wary of the capital intensity behind the AI boom. The episode is now feeding broader doubts about how quickly the market can finance the next wave of AI infrastructure, even as demand for compute remains robust.

5 min readRead →

World Politics & Diplomacy3h ago

India Election Commission Orders Review of Voter-Roll Changes Amid Political Scrutiny

India's election commission has ordered a review of recent voter-roll changes, a move that comes amid growing scrutiny over the integrity and administration of the country's electoral lists. The decision has triggered fresh political debate, with opposition parties and government allies alike weighing in after the poll body clarified the scope of its actions.

4 min readRead →

Macro Economy & Fiscal PolicySept 26, 2026

CEC Row: M.A. Baby Advocates for Expanded Opposition Unity with INDIA Bloc-Plus

In a significant political maneuver, CPI(M) General Secretary M.A. Baby has called for a broader coalition among opposition parties, proposing the formation of an INDIA Bloc-Plus. This initiative aims to consolidate forces against the ruling government ahead of the upcoming elections.

4 min readRead →

Energy, Power & CleanTechSept 26, 2026

Jharkhand Government's Opposition to Mines Act Sparks Controversy Over Coal Theft Allegations

Union Minister Annpurna Devi has accused the Jharkhand government of opposing the Mines Act to facilitate coal theft, claiming it undermines job opportunities for local youth. The political landscape is heating up as accusations fly between the ruling coalition and the central government.

4 min readRead →

National Governance & PolicySept 26, 2026

T.N. Government to Challenge Ponmudy's Acquittal in Major Quarrying Case

The Tamil Nadu government is set to appeal against the acquittal of former minister Ponmudy in a ₹28.37-crore red sand quarrying case. The Madras High Court has directed the Enforcement Directorate to respond to his plea to quash proceedings under the PMLA.

4 min readRead →

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Co-Occurring Entities

Entities frequently referenced alongside Opposition parties:

New Delhi(1)Government of India(1)