Prime Minister Narendra Modi addressed a key conclave in Delhi. He emphasized the need for technology's benefits to reach a wider section of society. Modi stated the focus should be on using power to empower people. This is to prevent such power from remaining concentrated among only a few.
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The Times of India reports a significant 54% surge in gold prices, prompting a shift in consumer behavior. Many buyers are now opting for diamond jewellery as a more cost-effective alternative. Retailers anticipate a 15-20% sales increase in diamond pieces during the upcoming festive season. To meet demand, jewellers are introducing more affordable and lightweight diamond-studded designs.
A man armed with knives attacked shoppers at a supermarket in Incheon, South Korea on Tuesday. The incident resulted in eight people being injured, with one woman suffering cardiac arrest. The suspect, a man in his 60s, was arrested at the scene. He was reportedly wearing an electronic monitoring bracelet during the attack.
The Hyderabad consumer commission ruled in favor of a passenger denied a refund after a brain tumour diagnosis. The man had requested a refund from Qatar Airways and EaseMyTrip for a canceled international trip, submitting medical documents. Both entities refused a full refund, offering a reduced amount instead. The commission found them jointly liable and ordered a full refund plus compensation for mental distress and costs.
The Indian government has postponed implementing a Merchant Discount Rate for UPI transactions exceeding Rs 2,000. The fee, initially set to begin on October 15, will now take effect after the Diwali festival. This delay is intended to prevent disruptions during the peak festive shopping season. It also provides payment companies more time to prepare for the change, which is expected to create a new revenue source for them.
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