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Business

India to Implement 0.4% MDR on UPI Merchant Transactions from October 15

India's Finance Ministry announced that from October 15, the National Payments Corporation of India (NPCI) will impose a 0.4% Merchant Discount Rate (MDR) on UPI transactions above ₹2,000. This ends the zero-MDR model for merchants, though consumers won't be charged directly. The move could reshape competition in the payments ecosystem, reflecting the costs of running UPI infrastructure and its economic impact.

Hindu Business·

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Business

BNP Paribas Warns Against Cutting 20-Year Treasury Bonds

BNP Paribas cautions Treasury Secretary Scott Bessent against eliminating the 20-year Treasury bond, warning it could raise borrowing costs. The bank's strategists, led by Guneet Dhingra, argue that cutting this bond, which has higher yields than shorter maturities, may backfire by increasing yields and reducing liquidity. They see such a move as a sign of panic and recommend shorting 30-year Treasuries, expecting yields to rise to 5.8%.

Mint Markets·

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Sports

MCC's Fraser Stewart Highlights Close ICC Collaboration on Cricket Laws

Fraser Stewart, Laws Manager and Head of Marylebone Cricket Club (MCC), emphasized the close relationship between MCC and the International Cricket Council (ICC) in framing cricket laws. Speaking in Bengaluru during the launch of a Kannada edition cricket laws app, Stewart noted joint efforts to address challenges in the game. MCC includes ICC members on its Law Subcommittee, ensuring broad representation from all cricket levels.

Deccan Herald··Bengaluru

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Technology

Apple CEO Says Even Cheapest Macs Get Top-Quality Care

Apple CEO John Ternus explained that the company applies the same high standards to its lowest-priced Macs as to its most expensive devices. He shared a story about Steve Jobs admiring the craftsmanship on the hidden back of a chest of drawers, symbolizing Apple's commitment to quality inside and out. This principle has guided Apple since the first Macintosh.

NDTV Business·

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World

Major Aviation Incidents Have Reshaped Airline Security

Recent incidents, including the flight from Dubai to Tel Aviv, have renewed scrutiny on onboard security and pilot screening. Past events like 9/11 and the 2015 Germanwings crash prompted significant changes in airline safety protocols, highlighting how major aviation incidents have continuously influenced security measures worldwide.

NDTV World·

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World

Taylor Swift and Travis Kelce's Ohio Privacy Fence Approved

Taylor Swift and Travis Kelce have received approval for a privacy fence around their $5.35 million mansion in Ohio. Despite neighbors' concerns about Lake Erie views, landscaping, and a shared sewer line, the 1,190-foot fence will be built two feet inside the boundary of their 3.5-acre lakefront property. It will include two gates for sewer manhole access.

TOI Entertainment·

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