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BusinessPhoto: TOI BusinessThe National Payments Corporation of India (NPCI) has postponed the implementation of the merchant discount rate (MDR) on select UPI transactions until after Diwali. This decision comes amid industry pushback. NPCI stated on Tuesday that a new implementation date will be announced separately.
TOI Business·
PoliticsPhoto: The HinduGoa Police defended the detention of seven Cockroach Janta Party (CJP) members during a protest at Azad Maidan, Panaji, citing the group's history of unauthorized protests. The Bombay High Court had ordered their release on Sunday and adjourned the hearing until October 19. The detainees include Afreen Shaikh, Jack Sukhija, Bupesh Bind, Aditya Parulekar, Listan Noronha, Shamino Fernandes, and Milind Rane.
The Hindu··Panaji
PoliticsPhoto: Hindu WorldUkrainian President Volodymyr Zelenskyy is set to visit Britain as Mayor Andy Burnham pledges renewed support for Ukraine. This visit occurs during a challenging period following a U.S.-Russia diesel export deal and U.S. President Donald Trump's remarks suggesting Zelenskyy should be replaced as Ukraine's leader.
Hindu World·
BusinessPhoto: Amar BusinessThe Food Safety and Standards Authority of India (FSSAI) is preparing to regulate quick commerce platforms like Blinkit, Swiggy, Instamart, and Amazon Now. The new rules may require online food products to display manufacturing dates, expiry dates, and batch numbers. FSSAI also plans to hold platforms accountable for misleading claims amid rising food safety complaints. CEO Rajit Punhani emphasized increasing platform accountability.
Amar Business·
WorldPhoto: FirstpostAt least 11 people, mostly minors, died when a boat capsized in the Raghopur Diara area of Vaishali district, Bihar. The victims were traveling to attend a feast. District police and SDRF teams are conducting search operations. Bihar Chief Minister Samrat Choudhary announced an ex-gratia payment of Rs 4 lakh to the families of each deceased.
Firstpost··Vaishali
Finance Minister Nirmala Sitharaman said the government is open to hearing views on removing the long-term capital gains (LTCG) tax during Budget consultations. However, she did not commit to any changes in tax rates, citing the ongoing budget preparation. LTCG tax applies to profits from assets held over a year, while short-term capital gains apply to assets held for less time.
Deccan Herald··New Delhi
TOI Business·
Photo: TOI BusinessThe National Payments Corporation of India (NPCI) has postponed the implementation of the merchant discount rate (MDR) on select UPI transactions until after Diwali. This decision comes amid industry pushback. NPCI stated on Tuesday that a new implementation date will be announced separately.
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