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Row Over 0.4% UPI Levy on Transactions Above ₹2,000 as Opposition and BJP Clash

A political controversy has erupted following the National Payments Corporation of India's announcement of a 0.4% merchant discount rate levy on Unified Payments Interface transactions exceeding 2,000 rupees. The opposition has criticised the decision, alleging that the move surrenders to American pressure and benefits digital payment companies with significant foreign shareholding. In response, the ruling Bharatiya Janata Party rejected the allegations, clarifying that the merchant discount rate charge will be borne exclusively by merchants rather than consumers. The government maintained that 96% of transactions remain unaffected, stating the charge ensures platform robustness without impacting the public.

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US House To Vote On Russian Oil Bill: India Faces Threat Of 100% Tariffs

The US House of Representatives is set to vote on a key bill that proposes tariffs of up to 100% on countries purchasing Russian oil, potentially impacting Indian goods. Having previously passed the US Senate on August 8, the legislation has been fast-tracked and now heads towards the US House. If approved by the US Congress and signed into law by the US President, it would grant the authority to impose secondary tariffs on nations trading in Russian oil. The measure gives presidential discretion on whether and where to levy such penalties, raising concerns in India over the weaponisation of international trade tariffs.

MHA Bans Pakistan-Based Shehzad Bhatti Terror Outfit Under UAPA, Cites Arms Smuggling

The Ministry of Home Affairs has designated the Pakistan-based Shehzad Bhatti network as a terrorist organisation under the Unlawful Activities (Prevention) Act. According to the government, the network led by gangster and terror handler Shehzad Bhatti is involved in cross-border smuggling of arms, explosives, narcotics, and recruiting Indian youth for terror activities, including IED attacks and targeted killings. Union Home Minister Amit Shah highlighted the action as part of the zero-tolerance policy against terrorism. This ban follows an extensive nationwide crackdown on 12 August across 14 states, where security forces detained 253 suspects, made over 200 arrests, and recovered explosives and weapons bearing Pakistan Ordnance Factory markings.

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Saudi Intercepts Houthi Drone Near Mecca; Pakistan Skips Military Action Despite Pact

Saudi Arabia announced that its air defences intercepted and destroyed a Houthi drone south of the holy city of Mecca before it entered prohibited airspace. Emergency alerts were sounded across Mecca, Jeddah, and Taif following the incident. While the Houthis denied targeting Mecca and claimed operations were directed at Saudi military bases and oil infrastructure, the attempted strike drew global criticism. Meanwhile, Pakistan Prime Minister Shehbaz Sharif condemned the attack as heinous and expressed solidarity with Saudi Arabia, but Pakistan stopped short of announcing any direct military involvement despite being part of the Mecca joint defence agreement.