🇨🇳🤝🇸🇦⚔️🇾🇪 Chinese-made DF-15A missile booster found in Ma'rib, Yemen.

Saudi Arabia has a documented history of secret Chinese ballistic missile purchases (DF-3A, DF-21).

Analysts are pointing to this as likely the first observed Saudi combat use of a DF-15A. #InternationalNews #Geopolitics

From Commerce ministry Engagements today:

- India Mercosur additional PTA protocol signing

- India Canada CEPA negotiations Talks

- India-ASEAN Trade in Goods Agreement (AITIGA) meets on legal issues

#Trade #Geopolitics

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India's exports up 26.12 pc to USD 43.81 bn in Aug from USD 34.74 bn in Aug 2025: Commerce Secretary Rajesh Agarwal

India's imports up 14.1 pc to USD 70.76 bn in Aug from USD 61.96 bn in Aug 2025: Commerce Secretary

Trade deficit declined to USD 26.86 bn in Aug against USD 27.2 bn in Aug 2025: Commerce Secretary Rajesh Agarwal

#Trade #Economy

🇮🇳🤝🇳🇿 Trade Officials says India, New Zealand FTA will be operationalised in 2nd half of October.

#Trade #Geopolitics

Trade Officials on India Canada trade talks: 48 Canadian officials in Delhi for talks, negotiations for 2 chapters over. Both sides want to have good progress on it. Want to close it by end of this year.

#Trade #Geopolitics

Mecca the holiest city considered by the 2nd Largest religion in the world just got attacked by Houthis. Scenes from Mecca shows air defence sirens going off with several reports saying Houthis launched a barrage of missiles towards the West Coast of Saudi Arabia

No damage was reported till writing of this report!!

The so-called Nuclear powered Nation, the signatory of the Mecca Pact is nowhere to be found!! They call themselves the defenders of the Islamic Nations yet now they are simply absent from the battlefield!!

#internationalnews #opinion

National Payments Corporation of India (NPCI):

A revised UPI Merchant Discount Rate (MDR) framework will take effect on select merchant (P2M) transactions starting October 15, 2026, while keeping UPI completely free of cost for consumers and all transactions up to ₹2,000. Under the new rules, small merchants earning up to ₹1 lakh per month via QR codes will pay zero MDR, a flat ₹5 fee will apply to transactions above ₹2,000 in specific categories like railways and fuel, and other high-value P2M transactions will attract a 0.4% charge capped at ₹300. The initiative also introduces a dedicated fund to upgrade digital payment infrastructure for small vendors and Tier 3 markets.

No impact on small-value UPI transactions up to ₹2,000 for all merchants, which account for more than 95% of all UPI P2M transactions.

#Policy #finance

BREAKING: Saudi Arabia suspends #Oil loading at East-West Pipeline (Petroline) Yanbu's port terminal along the Red Sea.

#InternationalNews #Energy

▶️The key highlights of the circular are as follows:

🔘For person-to-person (P2P) transactions, there will be no charges, regardless of transaction value. P2P transactions constitute 37% of the total UPI transactions in volume terms and 70% in value terms

🔘Charges will apply only to person-to-merchant (P2M) transactions exceeding ₹2,000

⏹ Technical Framework

🔷A nominal MDR of 0.4% will be levied on P2M transactions above ₹2,000. This commission will be shared amongst the payment ecosystem partners, including banks and app providers

🔷For high-value transactions of ₹75,000 and above, MDR will be capped at ₹300 per transaction

#policy #finance

UPI’s new 0.4% MDR on eligible merchant payments above ₹2,000 is about 4–6× cheaper than typical credit-card MDR (1.5–2.5%) and less than half the 0.90% Visa/Mastercard debit cap for large merchants.

#DYK

This will be standard MDR deductions according to the new UPI rules!!

Note - All P2P transactions are free of cost!!

Another important point, MDR amount for transactions above 2000 in Railways and Fuel categories have been capped at Rupees 5 only!!

#Policy #Finance

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🇸🇦⚔️🇾🇪 Houthis Ballistic Missile attack on Saudi Arabia... A regular incident since the start of September

Turkiye and Pakistan are absent even to protect Saudi Arabia in Defensive Mode

#InternationalNews

The Government of India has formed a 10-member task force to create a roadmap for reviving motorsports and evaluating the feasibility of hosting a Formula One Grand Prix by 2028. The committee will focus on resolving previous taxation hurdles, developing infrastructure, and exploring public-private partnerships to bring elite racing back to the country. #Sports

🔗 The Hindu

Inbound has signed 5-year MoU with Australia’s Space Angel Group to advance reusable spacecraft recovery. Partnership will explore flight and high-altitude testing, recovery operations, spaceport infrastructure, joint missions and technology development across India and Australia. #Space

#ISRO qualified and delivered its first indigenous Ku-band 210W traveling wave tube—built with over 250 precision components and 100 vacuum joints—for the upcoming TDS-01 satellite mission. #AatmarnirbharBharat

🔗 More Details

Uttar Pradesh is emerging as India’s biggest mobile manufacturing hub, accounting for around 65% of the country’s mobile phone production. More than ₹28,000 crore has already been invested by 75+ electronics companies, with another ₹32,000 crore of projects in the pipeline. The Noida-Greater Noida ecosystem is now attracting global names such as Samsung, Oppo and Vivo, along with major component and contract manufacturers. #MakeinIndia

Nagpur-based Solar Industries announced a mega outbound deal to acquire South Africa's Omnia Holdings in an all-cash transaction valued at $1.3 billion.

Agriculture,Mining and chemical is the core business of Omnia holdings.
Will Secure the supply chain for manufacturing military grade Explosives. #Economy

The Government has capped Eligible MDR rate at only ₹5 instead for essentials such as Telecom, Insurance, Railways, Fuel instead of ₹12 after above ₹ 2000 transactions!!

#policy #finance