PhonePe, Google Pay May Be Hit by NPCI's New Zero UPI Interchange, PSP Fees

Through a circular on Friday, the National Payments Corporation of India (NPCI) said that it has agreed to revise the UPI interchange and payment service provider fees to "zero" for all domestic UPI merchant (P2M) transactions with retrospective effect from January 1, 2020. The abolition of the fees has been made for an interim period until April 30, 2020, according to the circular. The same is not applicable to services like mandates, EMI, overdraft account, and business-to-business (B2B) collections and payments. The move to do away with these transactions fees comes after the abolishment of the Merchant Discount Rate (MDR).........Read more

Exclusive: Raghuram Rajan's plan to fix Indian economy in 10 points

Accelerate the mapping of land and the process of establishing ownership titles, especially in the poorest states. Set up transparent processes to determine and alter land zoning, and to register changes in ownership. Make forcible land acquisition extremely rare. Ease acquisition procedures in rare cases while protecting the interests of sellers. Allow more flexibility in labour contracts. Amend the law to allow for an intermeidate contract where workers gain rights steadily over time of employment but don't have to be made permanent. Grandfather existing permanent workers. Empower ministers. Engage states. Start by amending the terms of reference of the 15th Finance Commission. Don't curtail states' share of tax revenue.........Read more

Khap Panchayat's interference to stop two adults from marrying each other 'absolutely illegal': SC

In a landmark judgment, Supreme Court on Tuesday has ruled that intervention of Khap Panchayats in marriages will be illegal. It said that any attempt made by Khap Panchayat to scuttle marriage between two consenting adults is 'absolutely illegal'.........Read more

Scientists discover powerful potential pain reliever

A team of scientists led by chemists Stephen Martin and James Sahn at The University of Texas at Austin have discovered what they say is a powerful pain reliever that acts on a previously unknown pain pathway. The synthetic compound, known as UKH-1114, is as effective at relieving neuropathic pain in injured mice as a drug widely used for pain relief called gabapentin, but it works at a much lower dose, with longer duration of action.........Read more

The Neuroscience of a Lynching

A mob lynching isn’t the same as any physical harm or a killing. It needs several components to come together: attackers, spectators and outnumbered victim(s). It needs the public humiliation of the victim and, unlike a lawful process of punishment, a lynching is a demonstration that the sentiments of the attackers are beyond the law or the government. In the attempt to rationalise such mob killings, it becomes important to understand how the brains of those involved, including the spectators’, work. For one, the neural processes of thoughts and cognition of the people involved in action have to be dissimilar to the processes of the people that decide that the lynching will occur.........Read more

Google launches Backup and Sync tool to replace Google Photos and Google Drive desktop apps

Google has launched its new “Backup and Sync from Google” tool which primarily aims to simplify the process of backing up files and photos in the computer. The utility is meant to replace the existing Google Photos desktop app, as well as the Google Drive client application for both Mac and PC.........Read more

Google Lens is Google’s future

The feature is first being added to Google Photos and the personalized AI software Assistant, which is available on an increasing number of devices. Lens uses machine learning to examine photos viewed through your phone’s camera, or on saved photos on your phone, and can use the images to complete tasks.........Read more

Filing your ITR for AY2017-18? Know which tax return form to use

It is time to file your income tax return (ITR) and, thankfully, the Income Tax Department has activated the e-filing facility for all categories of Income Tax Returns (ITRs) for the assessment year 2017-18. Here is how an individual can file one’s ITR form as per the mentioned category........Read more

Trump Said To Not Shy Away From Sudden Strike On North Korea

In the wake of North Korea's failed medium-range missile test this weekend, President Donald Trump is willing to consider ordering "kinetic" military action, including a sudden strike, to counteract North Korea's destabilizing actions in the region, said a person familiar with the White House's thinking.........Read more

Teleshopping firms Shop CJ Network, Homeshop18, Naaptol, others set to end 2016-17 in losses under e-retailers’ onslaught

Teleshopping firms like Shop CJ Network, Homeshop18, Naaptol, etc, will probably end 2016-17 in the red. Moreover, their sales are likely to be under pressure for some time more given the onslaught from e-retailers. Already, demonetisation has hurt business over the past few months and is yet to revert to the mean.........Read more

Study shows planet's atmospheric oxygen rose through glaciers

A University of Wyoming researcher contributed to a paper that determined a "Snowball Earth" event actually took place 100 million years earlier than previously projected, and a rise in the planet's oxidation resulted from a number of different continents—including what is now Wyoming—that were once connected.........Read more

Exclusive: This Is Illegal, Sacked Tata Chairman Cyrus Mistry Said At Board Meet

Exclusive details provided to NDTV by at least two insiders privy to the events (one of them was present at the meeting) suggest that the countdown to Cyrus Mistry's removal led to acrimonious, unprecedented scenes inside the boardroom.........Read more

Shardul Thakur Replaces Injured Bhuvneshwar Kumar for 3rd NZ Test

The All-India Senior Selection Committee have named medium pacer Shardul Thakur as the replacement for injured pacer Bhuvneshwar Kumar in the Indian Team.........Read more

TAL Manufacturing inaugurates Rs 100 cr aerospace facility

With a manufacturing area of 96,000 sq ft and investment of over Rs 100 crore, the facility has equipment to support technologies such as fluid cell forming, extrusion stretch wrapping, and high speed machining of intricate parts along with facilities for assembly...........Read more

Cameron Stewart on Scorpene submarine data leak

One of Australia’s leading investigative reporters, Cameron Stewart of The Australian, has reported that thousands of pages of secret documents detailing various capabilities and characteristics of t........Read more

Protests erupt at JNU after AISA leader Anmol Ratan is accused of rape

An alleged rape on campus has emerged as a new flashpoint between left and right-wing student groups at Delhi's Jawaharlal Nehru University.........Read more

How Modi govt chose Patel to succeed Rajan

The very fact that Patel has been in RBI as a deputy governor worked in his favour because an outsider might take longer to get familiar with RBI's functioning........Read more

India vs West Indies 3rd Test: Centuries for Ashwin and Saha, but WI reply in solid fashion

India and West Indies third Test match seem to be heading towards a draw after another slow burning day, where runscoring was not easy........Read more

Libyan forces capture Sirte convention center from Islamic State

The large domed building is a landmark in Sirte and was used for meetings and religious instruction by Islamic State (IS) after they took control of the city last year.........Read more

Chinkara poaching case: Rajasthan govt to appeal against Salman Khan’s acquittal in SC

The Rajasthan High Court had on July 25 acquitted Salman Khan in two cases of chinkara (black buck) poaching in Jodhpur.........Read more

Taming communalism: Munshi Premchand's writings are more relevant today than his times

Best tribute to Premchand on his birthday will be to widely disseminate his literature harping for a pluralistic society with tolerance and peace as the hallmarks of an exemplary national unity.........Read more

Assam flood: At least 26 killed, over 18 lakh affected in 23 districts; nine rhinos drown in Kaziranga

Assam flood: At least 26 killed, over 18 lakh affected in 23 districts; nine rhinos drown in Kaziranga - IMD forecasts more rains, but says they won't be widespread........Read more

Scientists develop 'Grassoline', touted as next major source of energy

Scientists develop 'Grassoline', touted as next major source of energy - A team of scientists has shown that significant amounts of hydrogen can be unlocked from fescue grass with the help of sunlight and a cheap catalyst.........Read more

Priyanka Chopra nominated in Teen Choice Awards

Actress Priyanka Chopra has been nominated for her stint as FBI trainee Alex Parrish in American TV series........Read more

Frequent travellers, prominent Indians may get special facility at airports

Frequent travellers and prominent Indians, including film stars, could soon avoid the hassle of standing in long queues at immigration counters in some major airports in the country as the government is planning to set up dedicated kiosks for them for seamless travel.........Read more

Android N vs Android Marshmallow: 10 new features

Android N may be months away, but Google has already given us the first look at the developer preview for the next build of its mobile OS. More importantly, it comes just a few months after Android Marshmallow became available for release.........Read more

How a bunch of Indian startups have taken an early lead in chatbots

Bots have reduced human intervention for us by over 90%. Next-gen bots will save time and make us more efficient.........Read more

Apple CEO Tim Cook exclusive: We are in India for the next thousand years

Apple is looking at India as an investment destination, in addition to pushing the sales of its products in the country. In his first ever interaction with an Indian media organisation, Tim Cook,........Read more

Udumalpet ‘honour’ killing victim’s wife attempts suicide

Caste Hindu girl S. Kausalya (20), whose Dalit husband Shankar (22) was reportedly attempted suicide by consuming malachite powder, a chemical substitute for cow-dung at her husband's house at Komar........Read more

Raghuram Rajan not fit to be RBI Governor: Subramanian Swamy - Times of India

"In my opinion, the RBI governor is not apt for our country. His move to increase the interest rates, so as to cut down inflation and stabilize the economy, has backfired and has badly affected the nation," Swamy told reporters.........Read more

India on 5th place in fake goods trade; China on top

India is the fifth biggest exporter of fake goods globally, while China is on the top with a huge 63 per cent share in the estimated half-a-trillion dollar worldwide imports of counterfeit and pirated goods.........Read more

Non-subsidised LPG, kerosene, ATF prices hiked

Jet fuel constitutes over 40 per cent of an airline’s operating cost and the price increase will add to the financial burden of cash-strapped carriers. The three fuel retailers — Indian Oil Corporati........Read more