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UPI 0.4% MDR Fee From Oct 15: What Remains Free, Who Pays And Ecosystem Impact

Starting October 15, mid and large-sized merchants will be subject to a 0.4 percent Merchant Discount Rate on UPI transactions above 2,000 rupees, capped at 300 rupees for payments exceeding 75,000 rupees. The fee is strictly payable by merchants, with banks and the NPCI advising that costs must not be passed onto consumers. Person-to-person transfers and merchant transactions up to 2,000 rupees remain entirely free, alongside exemptions for small vendors receiving up to 1 lakh rupees monthly. Flat charges apply to essential services, while capital market payments attract a 0.02 percent fee. The collected revenue will be distributed across payer banks, merchant banks, UPI apps, and payment service providers.

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Bengaluru Civic Woes: Resident Repairs Broken Footpath After Inaction, Authority Responds

A Bengaluru resident took matters into his own hands by funding and building a cement ramp on a badly damaged footpath after civic authorities failed to act on repeated complaints. The citizen highlighted that despite raising tickets on the BBMP portal, sending emails, and reaching out via helplines, no action was taken to fix the junction, making it inaccessible for strollers and wheelchairs. In response, a civic official acknowledged the department's responsibility while welcoming constructive citizen participation. The official explained that managing over 15,000 kilometres of roads requires prioritising arterial and sub-arterial stretches, while assuring that the administration will strive to be more responsive to public grievances.

India Today Keralam Roundtable To Focus On South Indian Politics And Leadership

India Today is set to host the Keralam Roundtable from Thiruvananthapuram, continuing its focus on bringing South India's political leadership to national prominence. The conclave follows previous interactions with key southern leaders, including discussions covering governance, regional developments, and national perspectives. The upcoming event features comprehensive conversations on state administration and political affairs starting from 10:00 AM.

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100 Crore School Fraud: Raids At Ex-TN Minister's Home, DMK Cries Vendetta, Cadres Protest

The Central Crime Branch conducted searches at the Tiruchirappalli residence of a former Tamil Nadu School Education Minister in connection with an alleged 100 crore rupees private school fraud case. Authorities allege money was collected from private school managements between 2024 and 2026 in exchange for government clearances, recognition, and upgradation. The former minister has been booked under the Prevention of Corruption Act following the arrest of a party functionary. The DMK termed the action a political vendetta aimed at diverting attention from key state issues and pledged to challenge the raids legally, as party cadres staged protests outside the residence.