Top banks to get lion’s share of UPI fees

Mumbai: Banks with the largest number of bank accounts will be the biggest gainers as they will receive the lion’s share of the fees. While third-party payment apps will receive a smaller share, the MDR will make the biggest difference to them as their business model suddenly becomes sustainable without having to look for alternative…

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UPI charges from October 15: 0.4% MDR on payments above Rs 2,000, but flat Rs 5 fee for railway tickets, fuel, insurance and utilities; sending money to friends, family, Autopay for OTT stays free

The MDR will have to be borne by merchants. Larger retailers, online platforms and restaurants, among others, may choose to absorb the cost. The National Payments Corporation of India (NPCI) on Tuesday announced a 0.4% merchant discount rate (MDR) on UPI transactions above Rs 2,000, subject to an overall cap of Rs 300. For utility…

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Sharath Kamal: ‘Athletes got an experience to stay in containers’: Sharath Kamal on Asian Games accommodation challenge | Asian Games 2026 News

India’s Sharath Kamal Achanta (AP/PTI) India’s deputy chef-de-mission for the Asian Games, Achanta Sharath Kamal, believes Indian athletes will have little trouble adjusting to the unusual accommodation arrangements at the Aichi-Nagoya Games, despite concerns raised by some participating countries.India’s 501 athletes and 265 officials will stay in a mix of converted shipping containers, a docked…

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Galapagos tortoises were hunted by pirates for food and went extinct on Floreana Island; after 180 years, conservationists brought them back to their ancestral home |

The story of the Galápagos giant tortoise is one of exploitation, extinction and an extraordinary conservation comeback. Pirates, whalers and other sailors once collected the slow-moving animals from the islands as a reliable source of fresh meat, taking advantage of their ability to survive for months without food or water. On Floreana Island, relentless hunting,…

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Hayden Panettiere’s Los Angeles home searched by Drug Enforcement Administration, amid investigation into fentanyl-laced pill |

Hayden Panettiere’s Los Angeles home was searched by federal drug agents, with investigators reportedly looking for evidence that could help determine the source of a suspected fentanyl-laced pill.According to TMZ, law enforcement sources alleged that agents from the US Drug Enforcement Administration (DEA) executed a search warrant at Panettiere’s Los Angeles residence on August 25,…

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In 1835, Free Frank McWorter, a formerly enslaved man, paid $100 for 80 Illinois acres; a year later he founded New Philadelphia, and 191 years later nearly 20 acres entered NPS ownership

Nearly two centuries after a formerly enslaved pioneer bought 80 acres of Illinois prairie and founded the first legally registered town in the United States platted by an African American, nearly 20 acres of the historic townsite have officially been transferred to the National Park Service.According to the National Park Service, the land was donated…

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Fans get emotional as Suriya-Jyotika renew wedding vows after 20 years; call their celebration ‘timeless’ |

Suriya and Jyotika’s wedding renewal has turned into an emotional social media moment, with fans filling X with love for the star couple. The actors marked 20 years of marriage with a beautiful Christian wedding ceremony surrounded by their children Diya and Dev, family members and close friends. From Jyotika walking down the aisle with…

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Canada trade pact may be ready by year-end

PM Modi and Canadian PM Mark Carney (File photo) New Delhi: India and Canada, which is in the midst of an intense trade battle with the US, may finalise a trade deal by the end of the year, if not earlier, commerce secretary Rajesh Agrawal said.The statement comes amid ongoing talks at the official level,…

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