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BusinessPhoto: TOI BusinessAn IIT-Bombay report recommends reducing the Merchant Discount Rate (MDR) for Third-Party Application Providers (TPAPs) to 0.06%, below the 0.08% suggested by NPCI, while maintaining the Payment Service Provider (PSP) share at 0.02%. Currently, banks issuing and acquiring transactions receive 70% of the revenue. The report suggests banks should forgo their share to lower costs.
TOI Business·
PoliticsPhoto: News18The Andhra Pradesh government has finalised reservations for mayoral posts in all 17 municipal corporations ahead of local body elections. Five posts are reserved for Backward Classes, two for Scheduled Castes, one for Scheduled Tribes, five for women under the general category, and four remain unreserved. The election schedule is expected on October 14.
News18·
PoliticsPhoto: Aaj TakKerala Congress criticized Chief Justice of India (CJI) Suryakant after he refused to meet opposition leaders on October 11. They urged him to resign if law and order is not his domain, stating they can find someone capable. The INDIA bloc planned a march in Delhi and filed a Supreme Court petition alleging large-scale voter list deletions and irregularities in revisions. Central Minister Kiren Rijiju accused Congress of targeting the judiciary and undermining democratic institutions.
Aaj Tak··Delhi
PoliticsPhoto: Amar UjalaCongress Kerala posted a controversial tweet targeting Chief Justice of India Surya Kant following his remarks on law and order. The party stated that if law and order is not the CJI's responsibility, he should resign. This political exchange highlights tensions between the judiciary and political parties regarding governance issues.
Amar Ujala·
BusinessPhoto: HT TechChoosing between a 3-star and a 5-star refrigerator affects electricity bills and long-term costs. A 3-star model is cheaper upfront but less energy-efficient, while a 5-star model uses less electricity, offering potential savings over time. Factors like model, capacity, usage, and electricity rates impact actual savings. Consider family needs, budget, and usage duration before deciding. Comparing energy labels and consumption helps select the best fit.
HT Tech·
EntertainmentPhoto: NDTV MoviesAt a promotional event for her film Nayyi Navelli in Ahmedabad, Yami Gautam was asked if she would check the autorickshaw meter if Brad Pitt sat beside her. She humorously replied that her eyes would remain only on her husband, filmmaker Aditya Dhar. Yami and Aditya married in June 2021 and recently welcomed their son Vedavid in May 2024.
NDTV Movies··Ahmedabad
TOI Business·
Photo: TOI BusinessAn IIT-Bombay report recommends reducing the Merchant Discount Rate (MDR) for Third-Party Application Providers (TPAPs) to 0.06%, below the 0.08% suggested by NPCI, while maintaining the Payment Service Provider (PSP) share at 0.02%. Currently, banks issuing and acquiring transactions receive 70% of the revenue. The report suggests banks should forgo their share to lower costs.
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