29 C 
iqoo 16 launch date in India, price, camera, features and specs: What Indian buyers should know
iqoo 16 launch date India: iQOO 16 is set to launch in China on September 29, 2026, while its India launch date and price are yet to be confirmed. The flagship is expected to feature a 2K AMOLED display with a 165Hz refresh rate, Snapdragon 8 Elite Gen 6 Pro chipset, triple 50MP rear cameras, a large battery and 100W fast charging.
William Wordsworth, an influential English Romantic poet, delved deeply into the persistent psychological effects of guilt. He famously noted that a single misdeed can spawn numerous fears. Born in 1770, Wordsworth celebrated nature and human emotion, utilizing accessible language that challenged the literary conventions of the 18th century.
PM Modi a symbol of national service and dedication: BJP on his 76th birthday
Prime Minister Narendra Modi celebrated his birthday and 25 years in public service. Leaders praised his dedication to national development and public welfare. India is achieving new heights of self-reliance and global recognition under his guidance. His leadership has fostered progress in infrastructure and citizen-centric governance. Modi's journey inspires millions with its commitment to service and nation-building.
Registration of Births and Deaths (Amendment) Act to come into force on Oct 1
New regulations for delayed birth and death registrations will begin on October 1, 2026. This law requires judicial intervention for registrations filed over two years late. Applications between one and two years will need executive magistrate approval. The government aims to encourage timely reporting of vital life events.
Sridevi property dispute case: The Supreme Court has issued notices to Boney Kapoor and his daughters regarding a Chennai property dispute. A bench directed both parties to maintain the status quo concerning the land. Mediation was suggested, with a retired judge to oversee the process. The Madras High Court had previously ruled in favor of the Kapoor family. The matter is scheduled for further hearing on December 18.
Iranian drones, missile target US-contracted vessel near Strait of Hormuz, crew injured: Report
A US-contracted vessel faced an Iranian drone and missile strike near the Strait of Hormuz. Minor crew injuries, including smoke inhalation, were reported following the projectile impact. This maritime incident occurred amid ongoing military conflict and regional tensions. Commercial shipping lanes around the vital waterway have been frequently disrupted. Neither Washington nor Tehran has officially confirmed the details of this event.
UP PGT Notification 2026 out: Check vacancy, application form, eligibility criteria, fees and more
The UPESSC has released the UP PGT Notification 2026 for 2,607 teaching vacancies in aided secondary schools across Uttar Pradesh. Applications begin September 18, with the fee deadline on October 17 and corrections allowed until October 21. The written examination will be held on December 15 and 16, with eligibility, fees, vacancies and selection rules varying by subject and category.
War, extreme weather put Asia's food security at risk: Verisk Maplecroft
Fuel and fertiliser disruptions from the Iran war, alongside El Nio-linked weather extremes, are threatening crops and could worsen food inflation across vulnerable Asian economies
Muzaffarnagar e-rickshaw driver Sumit Kumar Prajapati travelled from Manali to Spiti Valley in his battery-powered three-wheeler, documenting the challenging mountain journey on Instagram, including charging stops, rough roads and his arrival at Kunzum Pass.
Gold and silver prices remained volatile on September 17 after the US Federal Reserve raised interest rates by 25 basis points, with global bullion prices recovering after the previous sessions fall. Check the latest gold and silver rates in Delhi, Mumbai, Bengaluru, Kolkata, Hyderabad and Chennai.
Trump demands 1% rates after Fed hikes under Warsh
Russian oil uncertainty hangs over Indias largest buyers
Indian state-owned refiners are facing growing crude supply uncertainty as Middle East disruptions coincide with the risk of tougher US restrictions on Russian oil buyers. Saudi Arabias East-West pipeline shutdown has disrupted more than 400,000 barrels a day of supplies to India, although about half the capacity could return within days.
The rise of the wedding entrepreneur: How Indias celebrations are creating new creative businesses
India's wedding industry is undergoing a remarkable transformation, evolving into a diverse and complex sector that goes beyond traditional offerings. A new wave of specialized entrepreneurs is emerging to meet the demand for customized, multi-day events, requiring varied expertise and coordination. Destination weddings are expanding opportunities for countless service providers, and with India's rich creative resources, the nation is set to influence the luxury wedding market worldwide.
US bill empowers Trump to target India with 100% tariff over Russian energy
The legislation, passed by the House in a 262-159 vote after Senate approval, gives Donald Trump power to target major Russian energy buyers with tariffs of up to 100 per cent
Indias Semicon 2.0 should go beyond chip fabs, focus on design, packaging: Chris Miller
India's semiconductor strategy should broaden beyond fabrication to include design and equipment. Advanced packaging offers another significant area for India to build capabilities. Deep integration into global value chains is essential for any successful strategy. This approach combines existing design talent with manufacturing and packaging investments. India can strengthen its global semiconductor position by developing specialized capabilities.
Can wearable tech ease period pain? Curapod launches new device
Curapod has launched a new wearable device for menstrual pain management. This device utilizes red and near-infrared light wavelengths for pain relief. The wearable connects to a mobile application for personalized light dosage adjustments. Clinical evaluations indicate significant pain reduction for many users. The company is expanding its wearable technology into other pain management areas.
CA Nitin Kaushik warned Indians about three common sources of potentially poor financial advice: relatives, relationship managers and people promising quick wealth. He said family advice may come from good intentions, while investors should question recommendations from professionals who may earn commissions. He also urged caution around unusually high returns with little risk, asking investors to understand where returns come from and why they are investing.
ITR filed under old regime, tax calculated under new regime; Delhi ITAT gives taxpayer relief
A Delhi ITAT ruling has given relief to a taxpayer whose accountant mistakenly selected the old tax regime in ITR-1 even though tax had been computed under the new regime. The tribunal directed the AO to compute the taxpayers liability under the new regime.
Rashmika Mandanna takes on the iconic role of M.S. Subbulakshmi in the biopic titled M.S. A Legacy On Screen. The project was launched by superstar Kamal Haasan, who set the rhythm with the first clap. Exploring the rich legacy of M.S. Subbulakshmi, the film explores her journey as a renowned Carnatic musician and actress, including her major impact on global stages.
India cuts windfall tax on export of petrol, diesel, and aviation fuel
Export duty on diesel has been reduced to 20 per litre from 25, while levies on petrol have been cut to 0.5 from 1.5 per litre, respectively
India supplies Wall Street with CEOs but has a shortage at home
Indias biggest private banks are finding it increasingly difficult to identify executives with the breadth of experience needed to lead large, complex institutions. HDFC Bank and Kotak Mahindra Banks CEO searches have highlighted a surprisingly narrow talent pool, as regulatory requirements, limited succession pipelines and competing financial sectors constrain potential candidates.
Thyrocares Dr A Velumani compared life in the 1960s with the 2020s in a post on X, recalling a childhood with less money but more time, physical activity and strong relationships. He contrasted it with modern city life, marked by phones, busy schedules, sedentary habits and loneliness. Looking back, he called his early years a Luxury of Poverty.
US officials meet Iran-backed Houthis in Oman
Trump calls Canada joining EU a 'hostile act', threatens more tariffs on Europe
US President Donald Trump warned that the European Union could face heavier tariffs if Canadas proposed associate membership is intended to harm the United States. Calling the prospect laughable and Canada a terrible trade partner, Trump also suggested Washington could restrict trade with Europe in certain areas.
As of 2026, Olympic figure skater Amber Glenn is single, having previously shared a romance with fellow skater Nathan Chen during their teenage years. Known for her openness, Glenn has discussed her bisexual and pansexual identity publicly, while also addressing rumors about her connection with fellow athlete Alysa Liu. Her reserved personal life stands in stark contrast to her rising fame and public persona.
India-US Army joint military exercise; M777 deployment demo, shoot & scoot drills in Rajasthan
Narendra Modi facts you may not know: 10 little-known details from Indian PMs life
Prime Minister Narendra Modis journey to the countrys highest elected office was shaped by experiences ranging from childhood poverty and a fascination with spirituality to poetry, RSS organisational work and an early ambition to join the Army. Here are 10 lesser-known episodes from his life, drawn from his own accounts and documented reports.
This Friday brings a fresh mix of movies and shows to OTT platforms. From Ravi Tejas action drama Irumudi and Vismaya Mohanlals debut Thudakkam to Lust Stories 3, The Scandal and You+Me Against the World, there is something for every kind of viewer. Heres a look at what you can watch on Netflix, JioHotstar and Prime Video.
Morning Brief Podcast: UPI MDR is back: The hidden cost to you
100% tariffs on India? US House passes bill authorising new duties on Russia oil buyers
The US House of Representatives has passed legislation authorising President Donald Trump to impose tariffs of up to 100% on India, China and other countries buying Russian oil and gas. The bill, which also targets Russias leadership, energy sector and shadow fleet, now goes to Trump for his signature.
Industry divided over lifting 60 kg cap EV bikes
UPI MDR prompts D2C brands to reassess costs
US House passes Russia sanctions bill targeting countries buying Russian oil
The legislation gives the US President wide discretion over penalties as Washington seeks to increase economic pressure on Russia
Aramco closes supply tap for Indian refiners, new oil barrels to cost more
Saudi Arabia has sold some spot cargoes to traders expected to deliver small volumes to Indian refiners through Hormuz. The risk-taking traders are likely to follow the same modus operandi they have used in recent weeks, buying Iraqi crude at a deep discount and moving it through the strait to the Gulf of Oman, where they transfer the cargoes ship-to-ship for onward delivery to Indian and other customers.
Foxconn, Tata Electronics in overdrive for making iPhone 18 Pro and Pro Max models for exports
While this is the second time Apple will be selling made-in-India iPhones on the start date, its a first for Pro and Pro Max models. Last year, India-made iPhone 17s were launched on the first day of sales, with the Pro and Pro Max following. The Duo, Apples first foldable phone, is not being made in India.
Did Biden Start Iran War? Who Shut Hormuz?: Scott Bessent Stunned; Trumps Economy Bubble Bursts
Rep. Ritchie Torres tore into Treasury Secretary Scott Bessent during a House hearing after Bessent invoked Joe Biden while defending the Trump administrations economic record. Torres challenged him over stagnant real wage growth, the widening Wall StreetMain Street divide and the administrations repeated attempts to blame Biden for current economic pain.Torres then turned to the Iran war, asking whether Biden started the conflict, disrupted the Strait of Hormuz or shut down a major share of global oil and LNG exports. The exchange came as the Iran conflict continues to drive energy and inflation concerns, intensifying scrutiny of Trumps handling of the economy.
End of free era for UPI: Here's what changes, what doesn't
Starting 15 Oct, UPI will introduce a capped merchant fee on transaction values above 2,000, while remaining entirely free for consumers and most small vendors. The policy shift provides a sustainable revenue model to upgrade digital infrastructure and align UPI with global payment standards.
Story of Michael Jackson's patented anti-gravity shoes remains one of the most intriguing pieces of music and performance technology from the 1990s. What looked like an impossible feat was actually the product of carefully engineered footwear, concealed stage hardware and precise choreography.
An 11-year-old boy named Yan Hongsen gained attention for his rocket projects in 2024. He taught himself programming, physics, and chemistry to build rockets and code systems. Yan began building his first rocket, Sen Xing, in August 2022 and launched it in June 2023. His initial rocket launch unfortunately ended in a crash due to a parachute issue.
Quote of the day by Keanu Reeves: Keanu Reeves quote is a powerful reflection on grief which explores how loss permanently changes a person and why healing does not mean forgetting someone you love. His words offer a thoughtful perspective on grief, resilience, acceptance and the difficult process of reclaiming life after devastating loss.
Shalimar Grp director feted for contribution to real estate sector
Supreme Court upholds Himachal HC ruling on drug regulator powers, impacting CDSCO enforcement
The Supreme Court dismissed the Union government's challenge to a High Court judgment. This ruling clarified jurisdiction over drug regulation powers between central and state authorities. The High Court found state authorities hold powers under Chapter IV of the Drugs and Cosmetics Act. The Supreme Court found no sufficient grounds to interfere with the High Court's order. This decision impacts central enforcement actions involving drug manufacturers.
Centre seeks NPPA report on high markups in hospital consumables
The Centre has requested a report from the NPPA regarding price discrepancies. Maharashtra FDA flagged significant gaps between trade prices and MRPs for hospital items. A survey revealed markups of over 2,800 percent on certain medical consumables. This situation may revive discussions on trade margin rationalisation for medical devices. The medical device industry supports calls for fair pricing and ethical practices.
MDR effect: Retailers, apparel makers warn of price hikes
Various retailers across categories may increase prices or lower festive discounts, since they are, as it is, dealing in an inflationary environment and higher costs of logistics this festive season because of disruptions linked to the West Asia war earlier in the year, said Kumar Rajagopalan, chief executive, Retailers Association of India (RAI).
UPI MDR could create Rs 27,000 crore revenue pool by FY28: Bernstein
A 40-basis-point MDR on UPI transactions could create a large revenue pool. Issuing banks and UPI apps will receive substantial portions of this estimated revenue. Merchant-side payment apps and acquiring banks will also capture significant revenue shares. This levy aims to sustain UPI infrastructure and support its continued expansion. The charges remain well below card fees and exempt many smaller transactions.
Counterpoint Research data showed an almost identical drop in online contribution to smartphone sales. Researchers and industry executives attributed the reversal to weaker demand for entry-level products, fewer online discounts and wider availability of EMI financing at physical stores.
Hormuz crisis lifts ONGC oil business, squeezes petrochemical unit as feedstock costs surge
The financial landscape for ONGC's petrochemical unit OPaL is alarming, as it faces considerable losses amid skyrocketing naphtha and gas prices. This situation starkly contrasts with ONGC's thriving oil exploration sector. To stabilize its finances, OPaL intends to divest from specific product lines and plans to import lower-cost ethane feedstock by the fiscal year 2029-30.
UPI MDR could cost 47.2 bps with GST for merchants
The new framework introduces a 0.4% MDR on person-to-merchant UPI transactions above Rs 2,000, capped at ?300 on transactions of Rs 75,000 and above, while consumers will not be charged. It takes effect from October 15. GST is paid by the service provider who typically recover the amount from whoever receives service.
Indian exporters see strong festive season orders for textiles and food products to US and Europe
Indian exporters anticipate a stronger festive season with significant order increases. Textile orders from the US for holidays have jumped considerably this year. Food exports to Europe and the GCC region are also experiencing robust demand. However, exporters face challenges from high freight costs and container shortages. Trade policies and import compliance requirements also present ongoing concerns for businesses.
Mining amendment is unfair to States
A State that bears the infrastructural and social consequences of mineral extraction must retain a meaningful stake in the economic value generated from its natural resources
Gail India Gets PNGRB approval to transfer city gas assets to subsidiary
The PNGRB has approved Gail India's transfer of six city gas distribution areas. This move paves the way for Gail Gas to proceed with its initial public offering. Gail Gas plans to raise 3,000 crore through this upcoming public offering. The subsidiary aims to list its shares by the end of the current financial year. Gail India will then dilute a minority stake in its wholly owned subsidiary.
Parts suppliers think global as auto majors focus on sourcing mix
The trend is accelerating across major tier-1 suppliers, including Suprajit Engineering, Highway Roop Precision Technologies, SPR Auto Technologies, and Tenneco, as OEMs prioritise supply chain flexibility over single-country dependence.
MDR on UPI transactions faces PIL in Supreme Court
A Public Interest Litigation challenges the government's new UPI charges. These charges apply to merchant payments exceeding two thousand rupees. The petition argues these new fees will ultimately affect ordinary citizens. Businesses might pass these additional costs directly to consumers. The Supreme Court will now review this significant financial move.
DGFT to set up central unit for trade applications
The government is establishing a Central Processing Department within the Directorate General of Foreign Trade. This new unit will centralize the processing of all trade-related applications. Faceless trade facilitation aims for paperless and jurisdiction-free processing of applications. This initiative will enhance transparency and reduce processing times for businesses. The department will be located in the central licensing area in Delhi.
Delhi Airport ranks No 28 in world's most-connected international airports list
Delhi airport secured a strong position at 28th globally. This marks the highest ranking for an Indian airport in the report. Mumbai airport also showed significant connectivity in its category. IndiGo played a major role in flights at both airports. These airports serve as India's primary international gateways.
What Indias growth really means
India should counter energy risks through diversified suppliers, long term contracts, strategic reserves, renewables, domestic exploration and efficiency
India clears 642 UK car imports under FTA in two months of implementation
India has approved import quotas for 642 passenger vehicles from Britain. These imports will benefit from concessional tariffs under a new trade pact. Seven companies secured allocations for the remainder of this year's quota. The Directorate General of Foreign Trade had invited applications for vehicle imports. This move facilitates trade under the India-UK Comprehensive Economic and Trade Agreement.
Centre eases export compliance for shipments up to Rs 3 lakh, seeks 5-year RoDTEP extension
Exporters will not need a registration certificate for shipments valued up to three lakh rupees. This change reduces compliance burdens for new and small businesses entering overseas markets. The government is also seeking a five-year extension for the RoDTEP export promotion scheme. Discussions are underway to ensure predictability and examine potential changes to the mission. A framework for Brand India and sectoral branding is currently being developed.
Pulses, oilseed prices rise as rain deficit hits crops
Key pulse and oilseed prices have risen sharply compared to last year. Scanty rains are affecting the current kharif crop and raising rabi season output concerns. Tur and chana prices have increased significantly, while soyabean and groundnut have seen larger jumps. Forecasts of El Nino are also impacting chana prices for the upcoming rabi season. Despite output worries, industry veterans state the supply situation remains stable.
NFRA to release second Staff Series on Technology in Audit
The series is in line with NFRA's obligations to suggest measures to improve overall audit quality and promote awareness of the significance of accounting and auditing standards, auditors' responsibilities, audit quality and other such matters.
Govt holds firm on UPI MDR as Opposition mounts pressure for rollback
Finance Ministry rejects claims of US pressure behind UPI MDR, as Opposition parties and trader groups demand reconsideration of the new merchant fee
Taxman's JAARing move opens fresh debate over Mauritius treaty
The recent invocation of JAAR, a GAAR-type tool in the armoury of the taxman, in a certain case has stunned many. Even though technically the tax department has the power to invoke JAAR, the recent move was entirely unforeseen following the CBDT assurance and subsequent change in the law to spare grandfathered shares from GAAR.
CBIC cuts paperwork in deferred customs duty scheme to boost MSME participation and ease cash flow
The CBIC is simplifying its deferred customs duty scheme for manufacturers. Paperwork has been reduced from ten documents down to just three. Outreach programs will now handhold MSMEs to encourage scheme adoption. This initiative aims to ease cash flow and working capital for businesses. The scheme allows duty payments in monthly installments until March 2028.
PM Modi-Egyptian President Sisi BRICS meet focused on Mecca Pact and its impact
Egyptian President el-Sisi and Indian Prime Minister Modi discussed the Mecca Pact. They also explored widening their strategic partnership during the BRICS summit. Egypt, a new BRICS member, has avoided joining the Mecca Pact. This decision reflects its strategy of neutrality and growing ties with India. Egypt maintains stability in North and Northeast Africa while engaging with neighbors.
The Wood Horse Receive Day highlights the idea that progress does not always require more effort. Sometimes, the shift comes after you have done everything within your control and leave room for circumstances or other people to play their part. What has seemed stuck may not need to be pushed any harder; it may simply be waiting for the final piece to fall into place.
Before handing over your flat for redevelopment, check these 6 safeguards
It is important for residents to complete their due diligence and secure adequate safeguards before handing over possession of the existing building to the builder
Manoj Jarange Patil advances Mumbai march, dares government to stop him
Manoj Jarange Patil plans to arrive in Mumbai ahead of his protest for OBC reservation, challenging the government to intervene. He has issued a stern warning against any lathi charges directed at protestors, highlighting the potential for drastic reactions. Urging the Chief Minister to expedite the issuance of Kunbi caste certificates, Jarange Patil expressed his readiness to sacrifice everything for the cause of his community.
Scientists have discovered 84 unusual hypersoft X-ray sources across six galaxies using archival data from NASAs Chandra X-ray Observatory. The objects produce unusually low-energy X-rays and may emit intense ultraviolet radiation, unlike previously observed X-ray sources. Researchers believe they could be linked to X-ray binary systems and may help investigate the origins of Type Ia supernovae as well as the unexplained ionisation of gas between stars.
In Uttarakhand, a thoughtful man spotted a delivery worker braving the rain without proper footwear. From his balcony, he called out and decided to lend a helping hand by giving away his new Adidas shoes. The delivery partner was visibly touched, pausing to appreciate the gesture before continuing on his route. This simple act of compassion has sparked a wave of admiration and praise across social media.
India slashes windfall tax on petrol, diesel, ATF exports
The government has reduced windfall taxes on petroleum exports. Levies on petrol, diesel, and aviation turbine fuel have been lowered. This change follows the government's regular fortnightly review of export duties. The duty on petrol exports is now Rs. 0.5 per litre. Diesel and ATF exports will see duties of Rs. 20 and Rs. 15 per litre respectively.
What lies beyond Indias E20 push
The E20 blends promised savings were offset by lower mileage, with consumers spending an estimated 88,234 cr. extra over the last three years; its benefits for emissions and forex savings are uncertain, as higher fuel consumption can raise emissions while diverting crops to ethanol can affect food security and exports
A Finnish couple spent five years searching Google Maps for their dream private island before finding a five-acre property in Finlands archipelago. Aleksi Hautamki and Milla Selkimki bought the island, sold their Helsinki apartment and built a solar-powered, off-grid retreat called Project . The secluded island home, complete with a sauna, private beach and hot tub, was later offered to guests for up to $2,400 a night.
Coaching how to evade state law: Hawley exposes George Soros-funded abortion pills company Danco
Quote of the day by Jack Nicholson from The Departed explores responsibility, courage, personal agency and success. The line is spoken by Frank Costello, Nicholsons character in Martin Scorseses 2006 film. Its meaning is linked to refusing passivity, taking responsibility and shaping ones surroundings, while also showing why ambition without limits can lead to harmful choices.
'You took advantage of murder victims mother: Goldman vs NY Sheriff heated exchange shocks house
DC Edit | Will India Go Back to Being a Cashless Economy?
Limited MDR on select merchant payments preserves free transfers but puts safeguards to the test
She gave up her job in 2015, closed her bank account, and has since been living for more than a decade without cash. In several interviews, Jo Nemeth, an Aussie woman in her 50s, revealed how she managed to live a meaningful life without harming the environment and having no savings.
Credit card EMI vs personal loan: Which costs less for big-ticket purchases?
A lower EMI does not necessarily mean a cheaper loan. Before choosing between a credit card EMI and a personal loan, calculate the total amount payable under both options.
NMDC recovers 27.29 carat gem diamond from Panna
Based on its colour, carat weight,and clarity (CCC), and add one S-Shape ,the newly recovered 27.29-carat diamond is initially estimated to be valued at around Rs 1 crore. The final value will be determined through the prescribed evaluation and auction process, the company said.
Fujifilm to invest Rs 800 cr in semiconductor materials manufacturing facility in India
Japanese firm Fujifilm will invest USD 83 million in a new manufacturing facility. This facility will produce essential semiconductor materials in two phases. Commercial production is anticipated to commence in fiscal year 2028. The company plans to support front-end process chemicals initially. Fujifilm seeks to align with India Semiconductor Mission's vision and policies.
New UPI rules effective October 15 introduce a 0.4% fee for merchant transactions above 2,000. While some costs may rise for consumers, person-to-person transfers remain free. Subscriptions via UPI AutoPay wont incur additional charges, protecting users from unexpected increases.
Traders Seek Rollback Of UPI MDR Policy
A member of the National Traders' Welfare Board (NTWB) has urged the central government to withdraw its decision to impose a 0.4 per cent Merchant Discount Rate (MDR) on UPI transactions exceeding Rs 2,000, effective from October 15. He warned that the new charge, which will be borne by merchants, could negatively impact business growth and lead to higher prices, contradicting the government's 'ease of doing business' policy.
EPFO wage ceiling raised to 25,000 for better social security net
Government raises EPF wage ceiling to 25,000 from 15,000, expanding mandatory social-security coverage to over 51 lakh additional employees
RAI warns UPI merchant fee could push small retailers back towards cash
Industry body says the charge could drive small merchants back to cash, weaken formalisation and undermine digital payment adoption during the festive season across India.
US Green Card new rules take effect. What to know?
US names India, China, Pakistan among drug transit, illicit drug-producing nations for FY27
The United States has designated India, China, and Pakistan as major drug producing or transit countries. This presidential determination covers twenty-three nations for fiscal year twenty twenty-seven. Afghanistan, Bolivia, Burma, and Colombia were separately identified for failing counternarcotics obligations. Inclusion on the list considers geographic and economic factors for drug production and transport. This designation does not necessarily reflect current government efforts or US cooperation.
Should you choose zero copay for your health insurance? Why? Why not? Explained
A zero-copay health insurance policy reduces hospitalisation costs but often comes with higher premiums. It's crucial to compare coverage, premiums and potential expenses before selecting one.
MDR may push small merchants, price-sensitive consumers towards cash: GTRI
The Merchant Discount Rate (MDR) charges on UPI transactions above Rs 2,000 could push small merchants and price-sensitive consumers back towards cash, economic think tank GTRI said on Wednesday. Effective October 15, UPI payments to merchants (P2M) above Rs 2,000 will attract a 0.4 per cent MDR with an overall cap of Rs 300. Besides, a flat concessional MDR of Rs 5 would be applicable on specific merchant categories such as railways, telecom services, insurance, and fuel for transaction above Rs 2,000. MDR could push small merchants and price-sensitive consumers back towards cash, GTRI Founder Ajay Srivastava said in a social media post. He said that UPI fees are not about revenue as keeping UPI free costs the government Rs 2,000-2,500 crore annually. This is tiny compared with subsidies of Rs 2.03 lakh crore for food, Rs 1.68 lakh crore for fertilisers, Rs 22,800 crore for agricultural credit and Rs 12,500 crore for petroleum and LPG, he said adding the NPCI (National Payment
Top 11 districts in UP report 1.6% drop in sugarcane acreage; sugar output may be hit
A likely early start of factories with lower recovery and the demand from local gur manufacturers may also limit cane supply, potentially affecting overall sugar production
Indias soybean imports may touch record high 1 mt in the current season on fall in domestic supply
Trend in imports likely to sustain next year on anticipated drop in output impacted by lower area, weak monsoons
