The UPI Fee Clarification: Government Guarantees Zero User Fees on UPI as MDR Limits Stay Restricted to Specific High-Value Merchant Segments

Good morning, it’s 10th August, 2026, and here’s your headstart to the day’s most important update.

1. Defence: Ministry begins efforts to join sixth-gen fighter programme, as Parliament panel asks govt. to chalk out roadmap for acquisition. Read

2. Milk: Prices of bovine and buffalo milk to mount in Maharashtra by ₹2 per litre from August 11, in policy to protect interests of dairy farmers. Read

3. Payments: Following fresh fees fear, govt. guarantees UPI to remain free, possible MDR may apply only to select merchant transactions. Read

4. Power: Ministry affirms no renewable energy projects within 1 km of borders as per new guidelines, areas within 50 km declared as “sensistive zones”. Read

1. Banking: RBI to absorb ₹2 trillion through seven day VRRR auction from Monday in move to soak banking system surplus of ₹3.61 trillion. Read

2. SBI: Shares gained 3.5% on Friday as Q1FY27 profit jumps 10% to ₹21,121 Cr, and lowest NPA ratios reported in over two decades. Read

3. Signature Global: Real estate giant awards ₹920 Cr construction contracts for Gurugram project, in megaproject with development area of 5 million sq. ft. Read

1. Bajaj Finance: Shares crash 5%, erode ₹33K Cr from market capitalisation to ₹6.82 trillion in span of just over one hour, driven by RBI’s decision to disallow revolving credit products. Read

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Source: Trading Economics & Yahoo Finance

(Note: For bond yields, percentage changes refer to change in yield levels, not total return or price appreciation)

1. Nepal: PM Balendra Shah to hold introductory meetings with Indian, Chinese envoys on Monday, to touch on talks targeting bilateral relations. Read

2. Yemen: Rebel regiment Houthis claim attack on Aramco oil facility in Saudi Arabia, as Iran makes new demands for restarting Strait talks. Read

3. Israel: Netanyahu rejects Trump’s 15-point plan for Gaza, says will not withdraw until Hamas fully disarms. Read

4. US-Iran: Donald Trump could drop Iran nuclear deal demand if Strait of Hormuz reopens: Report. Read

Source: Trendlyne

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1. BlissClub: Athleisure brand bags Rs 160 Cr to expand product range, retail footprint. Read

1. OpenAI: Pauses work on new Astra model to boost safeguards over cyber risks. Read

Now over to you! What was your biggest takeaway? Let’s discuss in the comments.

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