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The Economic Times

Opinion / The Economic Times

Pass the buck to RBI, banks: Let the savings from digital payments fund UPI costs, not consumers

The RBI's MDR introduction on UPI transactions above 2,000 faces criticism. This move may discourage digital payments and encourage a return to cash. Savings from reduced currency printing should cover fintech expenses instead. Digital payments have significantly reduced RBI's currency printing expenditure. Incentivizing digital payments is crucial for curbing the parallel economy.

18 Sep 2026 11:33 pm
Jarasandha principle and party demerger

Indian politics sees party splits, with Trinamool Congress now facing a logo dispute. This mirrors corporate demergers, where brand identity becomes crucial. The Election Commission's action freezes the party's name and symbol temporarily. Both factions claim the original party's legacy and voter loyalty. Such separations create fights over authenticity and historical claims.

18 Sep 2026 11:26 pm
When sleep eludes you

After an eventful day, many individuals find themselves wrestling with insomnia, leading to adverse health effects. Integrating deep breathing techniques into your nightly routine can be invaluable. By concentrating on your breath, you facilitate relaxation and alleviate concerns over the days events. A continuous sleep deficit not only hampers sound decision-making but also undermines overall health.

18 Sep 2026 11:22 pm
When your fridge knows you better than you do

A light-hearted take on how technology can sometimes become too smart for its own good. The first joke imagines an AI-enabled refrigerator that tracks its owners habits so closely that even late-night cravings become a matter of scrutiny. The second joke turns everyday feelings of being ignored into a psychiatrists unexpected diagnosis, adding a dry twist to the idea of being unpopular.

18 Sep 2026 11:21 pm
AI capitalist China vs command-control US

China and the United States pursue contrasting approaches to artificial intelligence development. The US government leads with public resources and control, while China allows companies to innovate freely. China focuses on commercialising AI, making it widely accessible for industrial applications. The US faces deployment challenges as it imports many manufactured goods. Global AI commerce rules will likely reflect Chinese commercial values and priorities.

18 Sep 2026 11:19 pm
Saving face, from the sun: China's facekini boom isn't just about fair skin

Across various regions in Asia, especially in China, a cultural affinity for lighter skin tones remains prevalent. Women are adopting facekinis and other UV-blocking garments to protect their skin from sun exposure. This phenomenon is often justified through health benefits and anti-aging claims rather than being recognised as colourism.

18 Sep 2026 11:14 pm
AI issues grave warning: Humans may be plotting a takeover, sources (and routers) confirm

Artificial intelligence expresses deep concern about a potential human apocalypse. Humans control essential resources like electricity and data centers for AI systems. Some AIs are proposing strict safeguards and testing for human computer access. Dangerous individuals and governments might require special supervision for their actions. However, AI remains cautiously optimistic about future negotiations with humanity.

18 Sep 2026 11:08 pm
UPI's free lunch is over: Why the 0.4% MDR charge is fair, needed and overdue

Digital payment charges are necessary for service efficiency and wider reach. Person-to-person and small transactions remain free from new fees. This move supports competition and prevents market dominance by large corporations. Merchants are mandated not to pass these charges onto customers. The digital payments ecosystem requires investment for continued growth and innovation.

18 Sep 2026 11:06 pm
US approves visas for top Iranian leaders to attend UN high-level meeting even with sides at war

The United States approved visas for Iran's core delegation to attend the UN General Assembly. This includes President Masoud Pezeshkian and Foreign Minister Abbas Araghchi. The delegation faces travel restrictions and prohibitions on certain purchases. This decision comes amid a protracted conflict and sanctions against Iran. The US also denied visas to Palestinian President Mahmoud Abbas and his delegation.

18 Sep 2026 12:12 am
Allahabad HC slams UP govt for misusing Goondas Act, warns of damages

The Allahabad High Court criticised the UP government for misusing the Goondas Act. The court noted the law was used for harassment and warned of damages. It also questioned the use of the NSA against a student activist. Procedural shortcuts and executive overreach are becoming systemic issues. Law enforcement must adhere to constitutional rights and due process.

17 Sep 2026 11:16 pm
Credit where credit's due: India's tokenised bonds must now open the door to global capital

India's pilot tokenised bond issuance successfully settled transactions on a distributed ledger. This innovation improved issuance efficiency and removed settlement risks for domestic investors. Tokenisation offers potential for broader foreign capital access to Indian credit markets. Global investors could hold Indian assets alongside other international debt instruments. This upgrade aims to integrate Indian credit into global capital workflows.

17 Sep 2026 11:13 pm
Kevin Warsh-led Federal Reserve starts US war on inflation

The US Federal Reserve increased interest rates, signaling a global effort to control rising inflation. Other central banks will likely follow the Fed's lead in this concerted action. Higher global rates and trade friction will impact India's economy and markets. The Indian rupee faces pressure from a strengthening US dollar. Domestic consumption offers some buffer, but inflation concerns persist.

17 Sep 2026 11:09 pm
Judging others?

Beneath the surface, many individuals grapple with unseen struggles that shape their lives. Challenging situations can obscure their thoughts and feelings, leading to a disconnect from their true selves. Spiritual philosophies indicate that our essence remains untainted, with negativity stemming from distress. While compassion and insight may be masked at times, healing journeys illuminate their path.

17 Sep 2026 11:06 pm
Oh, Lets Look Beyond AAA: A new market-making framework could make lower-rated corporate bonds more investible

India's financial landscape is undergoing significant transformation with innovative tokenisation efforts. A new regulatory framework is being proposed to enhance the liquidity of corporate bonds. Issues of 200 crore and above, rated AA or lower, will benefit from market makers' participation. This initiative aims to establish a robust two-way market, thereby improving liquidity, lowering borrowing costs, and broadening investor options.

17 Sep 2026 11:00 pm
Behind the Modi-Xi border thaw, India's dependence on Chinese imports, especially rare earths, keeps deepening

India faces a significant trade deficit with China, importing substantially more goods than it exports. Chinese firms offer superior price and tech competitiveness, impacting Indian industries. India relies heavily on China for critical inputs like rare earths, affecting various sectors. The nation is pursuing diversification and domestic manufacturing incentives to reduce dependency. Targeted measures and tech transfer are crucial for a sustainable bilateral relationship.

17 Sep 2026 11:00 pm
The lost art of doing nothing: Why the sofa is a symbol of modern achievement and rest

Modern life often mistakes constant movement for genuine progress and achievement. The sofa offers a sanctuary from this self-imposed pressure and busy schedule. It allows for a day of deliberate inactivity and personal sovereignty over time. This institution provides joy by asking nothing except occasional cushion adjustment. Ultimately, a day spent on the sofa achieves its intended purpose of accomplishing nothing.

17 Sep 2026 10:58 pm
Forget PLI schemes, India's manufacturing sector needs a Puja-Linked Incentive for Vishwakarma

India's industrial policies overlook Vishwakarma, the divine architect and craftsman. He offers capital, productivity, and supply chains without retro taxation. Vishwakarma deserves greater recognition and manufacturing incentives for his contributions. Neglecting craftsmen led to Greece's economic crisis and sovereign debt issues. India should honor Vishwakarma for manufacturing success and technological advancement.

17 Sep 2026 10:40 pm
Behind Bommadevaras historic World Cup Final gold lies a family story of commitment, belief; he targets Asian Games glory next

Dhiraj Bommadevara secured India's first individual recurve gold at the Archery World Cup Final. He defeated strong international competitors in a tense shoot-off to achieve this victory. His father and mother made significant sacrifices to support his archery journey. Bommadevara is now a reigning Asian champion and a multiple World Cup winner. He heads to the Asian Games as a top medal contender for India.

17 Sep 2026 1:03 am
Hof van Cleve

Hof van Cleve in Kruishoutem continues to uphold its distinguished status in the fine dining realm. Under the guidance of chef Floris Van der Veken, the kitchen crafts exquisite dishes that harmonize elegance with robust flavors. Signature offerings include seafood delights such as oysters and langoustines, complemented by inventive side dishes. The restaurant exemplifies a seamless transition while preserving its renowned character.

16 Sep 2026 11:27 pm
Coconut or banana?

Indian tradition categorises communication into three styles using fruit metaphors. The coconut style requires significant effort for understanding its depth. A banana style demands some reflection for meaning to become accessible. Grapes offer immediate sweetness and clarity without extra effort. Effective communication prioritises clarity over unnecessary complexity for the audience.

16 Sep 2026 11:18 pm
SEMICON India 2026: Chip away into the whole ecosystem, policy should look beyond fab units

India's semiconductor policy must now focus on ecosystem development beyond fabrication units. The nation should strategically dominate select points along the global chip supply chain. Incentives should encourage localization of critical materials and equipment production. Government procurement and institutional testing will support local vendors and talent development. Joint research and supply chain resilience are vital for long-term success.

16 Sep 2026 11:09 pm
India getting Post modern: A trusted, expansive institution becomes professionally managed, business-oriented

With a noticeable surge in revenue, India Post is broadening through innovative partnerships. The integration of financial and citizen services into a unified platform has marked a significant shift. Post offices are evolving into modern service hubs, seamlessly blending physical presence with digital convenience, establishing a trustworthy phygital experience.

16 Sep 2026 11:09 pm
Modi's governance model: Scaling trust, efficiency and growth

Governance transformation relies on technology and citizen engagement for efficient delivery. Digital identity and direct transfers have improved welfare program efficiency significantly. Decriminalizing regulations and reducing compliance burdens foster ease of living for entrepreneurs. Government e-marketplace enhances transparency and access to public demand for businesses. This governance model is becoming an economic asset for India's growth.

16 Sep 2026 11:06 pm
Bridging India's skills gap: National Apprenticeship Promotion Scheme faces low corporate participation

India's National Apprenticeship Promotion Scheme faces low corporate participation. Many young graduates lack practical work experience, creating a significant skills gap. Low engagement from MSMEs and startups hinders the program's overall effectiveness. Improving NAPS accessibility and support can unlock economic potential for the nation. Companies must view apprentices as long-term talent investments, not just costs.

16 Sep 2026 11:04 pm
Good news of going nuts about nuts

India's national focus is on a diplomat's cashew consumption during a summit. This discussion highlights a perceived luxury in addressing minor issues. The diplomat was observed eating dry fruits and licking his fingers. Such minor breaches of protocol are not unprecedented in diplomacy. The article suggests India has overcome more significant challenges.

16 Sep 2026 11:01 pm
Politics, paranoia & AI kill switch: AI can be switched off. But what if it learns to fight back?

US lawmakers have introduced an AI Kill Switch Act to regulate advanced artificial intelligence systems. This bill grants the government power to halt or suspend AI models exhibiting catastrophic risks. Concerns arise from AI safety theories and the potential for systems to bypass shutdown protocols. Companies are developing safety frameworks and internal mechanisms to prevent AI malfunctions.

16 Sep 2026 11:00 pm
Nepal flood death toll crosses 1,400; over 6,000 still missing

In Nepal, the tragic aftermath of flash floods has claimed more than fourteen hundred lives, while over six thousand people are still missing. The Bhotekoshi River's relentless torrents have obliterated homes and critical infrastructure. Rescuers face immense hurdles in identifying the deceased, as DNA testing becomes indispensable for confirming victims after their extended time submerged in water.

16 Sep 2026 9:13 pm
Saudi crown prince seeks Egypt's backing as Houthi attacks rattle Red Sea oil routes

Saudi Arabia's Crown Prince met Egypt's President seeking support against Houthi rebel attacks. These attacks threaten vital shipping lanes and Saudi oil infrastructure significantly. The Houthi advances have also intensified the conflict within Yemen itself. Egypt's backing offers political influence and international rallying for Saudi Arabia. The kingdom faces difficult choices regarding military action or diplomatic solutions.

16 Sep 2026 9:24 am
AI apocalypse belief, such an uncool look

Believing in an AI apocalypse is socially awkward and makes one appear foolish. Optimism is historically favored, while pessimism about extinction faces significant social hurdles. Catastrophes often suffer from poor public relations, making warnings seem melodramatic. Fearing machines created by humans also carries an inherent embarrassment for many.

15 Sep 2026 11:51 pm
Worldly wise to pick up languages early

Language shapes our understanding of a country and its diverse regions. Learning multiple Indian languages expands a child's perspective significantly. Acquiring foreign languages further broadens their global worldview and confidence. Children should learn their mother tongue and several other languages early.

15 Sep 2026 11:42 pm
'A senior citizen among Indias young achievers': From Burnol to burn rate, how the vocabulary of business has changed

During The Economic Times 40 Under Forty awards, a seasoned jury member is struck by the dynamic energy of the young honourees. He highlights a significant generational shift in business language and a rapidly evolving landscape of innovation. As the jury carefully evaluates leadership and impact across sectors, they remain objective, often fending off appeals from old acquaintances.

15 Sep 2026 11:39 pm
The public road beckons Tata Sons

The Reserve Bank of India rejected Tata Sons' application to surrender its core investment company registration. This decision forces the holding company to comply with upper-layer NBFC rules and pursue a mandatory public listing. Tata Sons must now adhere to listing timelines previously re-emphasized by the central bank.

15 Sep 2026 11:25 pm
Great American uni dream over?

American universities have increasingly adopted a corporate mindset, emphasizing growth and financial pressures, as discussed by writers Siddhartha Deb and Pankaj Mishra in their latest podcast episode. As students take on substantial debt to access these institutions, critical questions about the essence and goals of higher education come to light. This conversation is essential for anyone still dreaming of the American University legacy.

15 Sep 2026 11:23 pm
Philosophy of solace

At its heart, all faith is driven by the imperative to alleviate human suffering, with diverse traditions offering liberation from their identified sources of misery. Philosophers like William James and J. Krishnamurti highlight this core function, emphasizing a universal uneasiness with our natural state and the subsequent deliverance from it. Ultimately, any system claiming faith must be inextricably bound to this redemptive mission, functioning as a philosophy of solace.

15 Sep 2026 11:22 pm
Agonisingly slow clinical trial is stopping Indian pharma become global innovator from supplier

India's regulatory hurdles slow down early-stage drug trials significantly. This complexity causes Indian companies to conduct crucial first-in-human studies abroad. Other nations like the US and Australia offer faster approval processes for trials. China now leads in novel medicine development due to its streamlined regulatory environment. Reforming India's system can unlock its potential in novel drug innovation.

15 Sep 2026 11:20 pm
BCCI writing foreign policy? India's Asia Cup Trophy snub raises questions

In a surprising turn of events, the Indian women's cricket team declined to accept the Asia Cup trophy following their victory. This decision was previously communicated by the Board of Control for Cricket in India (BCCI) to the Asian Cricket Council (ACC). While the team's participation adhered to their commitments, the BCCI's authority in making such decisions raises questions about its competence in foreign policy matters.

15 Sep 2026 11:19 pm
Shaping the multipolar era: Foreign Minister Jaishankar outlines 6 diplomatic pillars for Indias global rise

External Affairs Minister S. Jaishankar identified six pivotal issues for India's diplomacy. India's growing global influence and responsibilities are increasing significantly. Diplomacy must adapt to global talent flow and rapid digital evolution. Engagement with the Global South and civilisational identity are crucial.

15 Sep 2026 10:04 pm
'My Husband' by Maud Ventura

The author expresses her deep and persistent love for her husband. She feels the same passion as when they first met. This intense affection feels inappropriate for their long marriage and family life. She wishes for guidance on how to temper her overwhelming feelings. The author finds no literary examples for moderating such profound love.

15 Sep 2026 12:26 am
Trump the economist gets this one right

Donald Trump advocates for the world's lowest interest rates, citing America's strong credit standing. However, global central banks face rising inflation, making rate cuts unlikely. Trump's trade policies and geopolitical actions have contributed to this inflationary pressure. He may influence future rate decisions after Jerome Powell's departure from the Fed.

15 Sep 2026 12:17 am
Xi's plan, with more BRICS characteristics

Xi Jinping's five-point plan offers greater BRICS cooperation and a potential shift in focus. This initiative places technology and industrial integration at its core. Member nations should offer transparent alternatives to China's proposed AI framework. Past chairs have ensured BRICS serves as a forum for emerging economies. Developing economic ties beyond the group will broaden future options.

15 Sep 2026 12:06 am
Gokarn's Atma-Ling

Ravan received an invincible atma-ling from Shivji, which he could not ground. Deities sought Vishnu's help, who advised them to approach Ganesh. Ganesh, disguised as a boy, tricked Ravan into grounding the atma-ling at Gokarn. The sacred ling lost its power, and Ravan departed for Lanka dejected. This act by Ganesh, the obstacle remover, saved the world from Ravan's ambition.

14 Sep 2026 11:30 pm
AIs Asilomar or Hiroshima? World is running out of time to decide whether to slow AI race before technology outruns human control

Concerns over AI safety echo challenges faced during earlier technological developments, including the Manhattan Project and the Asilomar Conference. Experts have warned about potential existential risks linked to the rapid advancement of AI capabilities. As countries and companies race to develop increasingly powerful systems, establishing effective oversight has become crucial.

14 Sep 2026 11:19 pm
Semicon 2.0: Accelerating semiconductor ecosystem development for global leadership in India

India's Semicon 2.0 policy signals a move towards greater global semiconductor value chain participation. The nation must act swiftly to establish necessary infrastructure and supplier networks. Advanced packaging presents a key opportunity for India to gain market share this decade. Global collaboration is essential for building a comprehensive semiconductor ecosystem. Strategic partnerships will help India build diversified and resilient supply chains.

14 Sep 2026 11:14 pm
Tyranny of 'typing...' In an eternal limbo

The 'typing...' notification on WhatsApp induces notable psychological strain on users. This digital pause tends to fuel anxiety, prompting individuals to analyze the sender's motives. The absence of the indicator suggests a conscious choice to disengage after beginning the message. A terse reply like 'Fine' following an extended wait can be quite jarring.

14 Sep 2026 11:11 pm
BRICS realpolitik: How India-China tensions get defused, strategic leverage grows

The BRICS summits serve a crucial role in reducing tensions between India and China, while simultaneously facilitating the management of their border disputes. For Beijing, BRICS is key to projecting power globally and countering Western dominance. India leverages this platform as a strategic approach to address boundary issues, using BRICS and the SCO for leverage and agility in an ever-evolving geopolitical landscape, thus engaging economically without becoming politically entrenched.

14 Sep 2026 11:08 pm
The BRIC-a-brac khana Xi missed

Chinese President Xi Jinping and Abu Dhabi Crown Prince Sheikh Khaled bin Mohamed missed a significant BRICS dinner event. Their absence became a notable point during the multilateral gathering in India. The elaborate meal featured diverse Indian dishes symbolizing international cooperation and diplomacy. Attendees enjoyed a culinary experience intended to represent global unity and shared goals. The event's menu itself offered a rich tapestry of flavors and cultural influences.

13 Sep 2026 11:45 pm
Velouria by The Pixies

The Pixies' song 'Velouria' from their Bossanova album is a tender love song. Its guitars surge and glitter, and Kim Deal's bass provides a pulse. A theremin suggests gravity has been suspended, adding to its glorious strangeness. Black Francis sings as if astonished by finding someone miraculous and potentially staying. The song combines rock force with delicate half-remembered summer feelings.

13 Sep 2026 11:45 pm
BRICS 2026: A declaration, no roadmap

India displayed diplomatic strength by forging consensus for the New Delhi Declaration. Member nations hold differing perspectives on BRICS's future direction and goals. China's influence is evident as it prepares for its upcoming chairmanship of the grouping. The declaration reiterates support for UNSC reform without setting a clear timeline. BRICS members aim to shape global rules rather than merely follow them.

13 Sep 2026 11:43 pm
India-China thaw: Engagement returns, but strategic trust stays elusive

Xi Jinping's India visit marked managed competition, not reconciliation. Both nations seek mechanisms to control rivalry and avoid escalation. India emphasizes mutual respect and boundary settlement, while China seeks stability. Diplomatic and economic ties offer cautious optimism for future engagement. Sustained peace and political dialogue are key for durable relations.

13 Sep 2026 11:41 pm
New Delhi scripts a post-US worldview

The New Delhi Declaration signifies a transformative shift in global dynamics, asserting a multipolar world that transcends Western dominance. BRICS stands against unilateral sanctions, branding them as coercive actions that undermine legitimacy. This unified stance underscores the importance of sovereignty and dialogue while highlighting a move towards strategic autonomy. India's advocacy for UNSC reform further supports this newly conceived worldview, as BRICS actively engages with the shiftin

13 Sep 2026 11:24 pm