
Reserve Bank of India announced a 0.4% merchant discount rate on UPI person‑to‑merchant payments above ₹2,000, effective from October 15. The fee will apply to about 4% of UPI transactions, which carry 66% of the platform’s payment value, and merchants will need to adjust their pricing to absorb the new cost.

The Central Bureau of Investigation filed a case on August 27, 2026, charging US‑based Christian evangelist group The Timothy Initiative and six Indian nationals with withdrawing Rs 92.55 crore from foreign debit cards across Karnataka, Chhattisgarh and Assam. The CBI will now investigate the alleged FCRA violations and foreign money‑laundering, with a preliminary inquiry slated for early September.

Prime Minister Narendra Modi urged the semiconductor industry to train 10 million people in AI during a roundtable in New Delhi on Wednesday. He promised that industry inputs will shape forthcoming policy reforms to accelerate India’s semiconductor ambitions.

Ayush Saxena, a former Tata employee who relocated to the United States in August 2018, filed a belated return and paid ₹1.62 lakh in self‑assessment tax on 23 August 2019. The ITAT Jaipur annulled the ₹8.29 lakh penalty, clearing his tax record.

India rejected the Pakistan‑China Boundary Joint Commission on March 27, 2024, declaring Jammu & Kashmir and Ladakh integral parts of the country. The government says the commission has no legal basis and will not affect its sovereignty, demanding Pakistan withdraw from occupied areas.

The Finance Ministry confirmed that from Oct 15 2026 a 0.4% Merchant Discount Rate will apply to UPI payments over Rs 2,000, a decision made independently of foreign pressure. The levy, capped at Rs 300 per transaction, will be paid by merchants, not consumers, while small merchants earning up to Rs 1 lakh monthly remain exempt.

Delhi High Court ordered a high‑level MCD inquiry after the Satya Niketan hostel collapsed on September 6, killing seven people, including four students. The court will hear a public interest litigation on September 25, demanding an independent probe and compensation for victims.

A Maoist ambush in Chhattisgarh's Jhiram Ghati valley killed 29, including top Congress leaders, on a Tuesday evening. Eleven Maoists were arrested and the NIA has sentenced them to death, pending a high‑court appeal.

Justices MM Sundresh and PB Varale told a West Bengal man accused of possessing 252.330 kg of ganja to approach the Supreme Court for bail after lower court rejections. The bench explicitly stated the top court is 'very liberal' in granting relief in marijuana-related NDPS cases.

Prime Minister Narendra Modi will auction 1,498 mementos, including a Rs 13.5 lakh silver Lord Ram statue, via the official PM Mementos portal tomorrow. The auction, expected to attract global bidders, will channel proceeds to the Namami Gange Programme.

On September 11, NHAI banned PNC Infratech from bidding on new road projects after the Lucknow‑Kanpur expressway collapsed within 12 days of its July 13 inauguration. The ban bars the company from tender bids for the Ministry of Road Transport and Highways and NHAI for three years.