NPCI chief

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Automotive, EVs & Mobility Just now (12:38 AM IST)

NPCI Chief Says 0.4% UPI MDR Could Recover Rs 15,000 Crore in Year One

A proposed 0.4% merchant discount rate on UPI transactions could generate as much as Rs 15,000 crore in the first year, according to the NPCI chief, reviving debate over how India should fund its fast-growing digital payments infrastructure. The proposal comes as policymakers weigh the long-term economics of a system that has scaled rapidly on the back of zero-cost consumer payments.

By RDU Global Wire5 min read

Startups & Venture Capital3h ago

IIT Madras-backed Unicorn India Ventures raises Rs 450 crore in first close, targets Rs 1,000 crore deep-tech fund by December

IIT Madras, its Research Park and Unicorn India Ventures have announced a first close of Rs 450 crore for a Rs 1,000 crore fund aimed at advanced technology startups, with the final close expected by December 2026. The fund has already deployed nearly Rs 55 crore across four deep-tech startups as it sharpens its focus on sectors seen as strategically important to India's industrial and national security ambitions.

6 min readRead →

Banking, Fintech & Insurance6h ago

MDR on select UPI transactions is not a tax or surcharge, will not hit consumers, Sitharaman says

Finance Minister Nirmala Sitharaman has pushed back against criticism of the proposed Merchant Discount Rate on select high-value UPI transactions, saying it is neither a tax, cess nor surcharge and will not flow to the government. She said the charge is part of the digital payments ecosystem, will be borne by merchants, and is intended to support infrastructure and innovation in UPI.

5 min readRead →

National Governance & PolicyJust now (06:45 AM IST)

Mehbooba Mufti Calls for Secular Unity Ahead of Protest at Jantar Mantar

Mehbooba Mufti has urged secular-minded citizens to participate in a protest organized by the Monitoring Committee for Indian Muslims at Delhi's Jantar Mantar on September 29. The protest aims to address pressing issues faced by the Muslim community in India.

4 min readRead →

Energy, Power & CleanTechJust now (06:45 AM IST)

Gadkari Advocates Ethanol as Key to Boosting Farmer Incomes and Cutting Fuel Imports

Union Minister Nitin Gadkari emphasized the potential of ethanol in enhancing farmers' earnings and reducing India's fuel import dependency during the launch of a new bus service in Madhya Pradesh. He highlighted the recent surge in maize prices and the government's ambitious PM e-Bus Sewa initiative.

4 min readRead →

National Governance & Policy5m ago

Amit Shah Joins Amma's 73rd Birthday Celebrations in Kerala, Underscoring Spiritual Outreach and National Visibility

Union Home and Cooperation Minister Amit Shah attended the 73rd birthday celebrations of spiritual leader Mata Amritanandamayi in Kollam, Kerala, as chief guest, placing a major national political figure at one of the state's most prominent religious and social gatherings. The appearance highlights the continuing public influence of Amma's movement and the political significance of high-profile engagement with spiritual institutions that command deep social reach across India and abroad.

5 min readRead →

National Governance & Policy1h ago

Uttar Pradesh Chief Minister Meets Prime Minister Modi to Discuss Development Issues

Uttar Pradesh Chief Minister Yogi Adityanath met with Prime Minister Narendra Modi in New Delhi to discuss key issues related to development and governance. This meeting is seen as crucial for enhancing coordination between the state and central governments amidst ongoing development projects and administrative priorities.

4 min readRead →

Energy, Power & CleanTech2h ago

Annpurna Devi Accuses Jharkhand Government of Opposing Mines Law to Shield Coal Theft

Union Minister Annpurna Devi launched a sharp attack on the Hemant Soren government, alleging that its opposition to the Mines and Minerals (Development and Regulation) Amendment Act is aimed at enabling coal theft and protecting arbitrary state-level levies. She said the amendment would bring uniform taxation, attract investment and create jobs, while the Jharkhand government called the law a "black Bill" that undermines the state's rights over its minerals.

5 min readRead →

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 →

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Co-Occurring Entities

Entities frequently referenced alongside NPCI chief:

New Delhi(1)National Payments Corporation of India(1)