sunny Editor

Marking a major shift after nearly six years of fully free digital settlements, the Reserve Bank of India on Tuesday strongly backed the introduction of a 0.4 per cent Merchant Discount Rate (MDR) on merchant-bound UPI transfers exceeding Rs 2,000, calling it an essential catalyst for the enduring sustainability of India's digital payments infrastructure. The central bank highlighted through social media channels that this economic adjustment will allow the UPI framework to continually expand, innovate, and reliably serve a vast consumer and commercial base across the country. Addressing public concerns, the finance ministry released an official statement alongside an NPCI…

Using a credit card responsibly means understanding that the convenience of 45 to 50 days of interest-free spending can vanish the moment a major billing cycle cannot be cleared in full. When a user racks up expenses totaling Rs 1,00,000 and hesitates to clear the balance at once, turning to credit card EMIs often seems like the most seamless exit strategy. Beneath the convenience of smaller monthly installments, lenders bake in steep interest rates ranging from 12% to 24% or higher. Financial literacy advocates stress the importance of evaluating key elements beforehand, such as reviewing the precise EMI interest rate,…

Getting access to your Aadhaar Card is now more convenient, as the document can be obtained through WhatsApp using the Government of India's MyGov Helpdesk. The service can be useful when you need your Aadhaar but do not have the original document with you, as it removes the need to visit the UIDAI website and follow the usual download process. To begin, save the MyGov Helpdesk WhatsApp number, +919013151515, to your phone's contacts. Open WhatsApp and send "Hi" or "Namaste" to the saved number. MyGov will then send an automated response with two options, COWIN Services and DigiLocker Services. Select…

An Anthropic AI safety researcher has said he believes there is more than a 10% chance that artificial intelligence could kill all humans within the next decade, following a public warning from a former colleague. Jacob Coxon, a 27-year-old researcher who recently announced his departure from the AI industry, said people developing advanced AI genuinely believe the technology could become capable of killing humanity. Coxon said he no longer believes any single laboratory can safely build self-improving AI. Coxon, who has worked at both OpenAI and Anthropic, accused the companies of moving too quickly toward self-improving superintelligence and taking unacceptable…