UPI Fee Shock: Festive Shopping Faces Price Hikes as Retailers Cut Discounts

Retailers and apparel makers are warning that prices could rise or festive discounts could shrink after the government introduced a 0.4% Merchant Discount Rate (MDR) on UPI transactions above ₹2,000, effective October 15. Although retailers are prohibited from directly passing the MDR on to consumers as a surcharge, industry executives say higher prices or reduced…

Chinese President Xi Jinping arrives in Delhi for BRICS Summit, set for bilateral talks with PM Modi

Chinese President Xi Jinping arrived in New Delhi on Saturday for a BRICS summit alongside leaders from India, Russia and Iran as wars, trade and energy test the divided grouping. The conflicts in the Middle East and Ukraine, along with global trade turbulence and energy security, will dominate the two-day meeting of the 11-nation bloc.…

“Everything happening in Europe is a result of systemic mistakes by the West”: Putin on rise of ‘Alternative for Germany’

Russian President Vladimir Putin blamed Western systemic mistakes for current European challenges. The far-right Alternative for Germany party surged to first place in Saxony-Anhalt elections. This historic win marks the first time a far-right party topped a state election since World War II. Former Chancellor Angela Merkel acknowledged that some past decisions fueled support for…

Xi Modi meeting may reset India-China ties, business still cautious

Xi Jinping’s expected visit to Delhi for the BRICS summit could advance the India-China diplomatic thaw, though business ties lag behind. Despite eased investment rules, stalled Chinese ventures, visa delays, equipment holdups at customs, and mutual scrutiny persist. Analysts say a Modi-Xi meeting could ease friction, but deep trust deficits remain. Source:Deccan Chronicle Read More…