NEWS TODAY 07.09.2025

UPI Limit Increased to ₹10 Lakh for Select Transactions From Sept 15, 2025, UPI limit raised to ₹10 lakh per day for transactions in capital markets, insurance, credit card payments, and more via verified merchants.

UPI Limit Increased to ₹10 Lakh for Select Transactions From Sept 15, 2025, UPI limit raised to ₹10 lakh per day for transactions in capital markets, insurance, credit card payments, and more via verified merchants.

Posted by Shivam Last updated on September 5th, 2025 12:30 pm

Starting September 15, 2025, the National Payments Corporation of India (NPCI) will implement revised UPI transaction limits for specific high-value payment categories. The per-transaction limit has been increased to ₹5 lakh, and the 24-hour aggregate limit raised to ₹10 lakh for several services, including insurance, capital markets, government tax payments, and credit card payments—a significant step in expanding UPI’s role in India’s digital financial ecosystem.

Key Highlights of the New UPI Transaction Limits NPCI’s new directive mandates increased UPI limits for Person to Merchant (P2M) transactions made to verified merchants. The limits are effective from September 15, 2025, and aim to facilitate seamless high-value digital transactions.

Revised UPI Limits (Effective Sept 15, 2025) Category Old Per-Transaction Limit New Per-Transaction Limit 24-Hour Cumulative Limit Capital Markets (Investments) ₹2 lakh ₹5 lakh ₹10 lakh Insurance Payments ₹2 lakh ₹5 lakh ₹10 lakh Govt. e-Marketplace (EMD/Tax) ₹1 lakh ₹5 lakh ₹10 lakh Credit Card Payments ₹2 lakh ₹5 lakh ₹6 lakh Loan/EMI Collections ₹2 lakh ₹5 lakh ₹10 lakh Travel Bookings ₹1 lakh ₹5 lakh ₹10 lakh Jewellery Purchases ₹1 lakh ₹2 lakh ₹6 lakh FX Retail via BBPS ₹2 lakh ₹5 lakh ₹5 lakh Term Deposits via Digital Accounts ₹2 lakh ₹5 lakh ₹5 lakh Digital Account Opening (Funding) ₹1 lakh ₹2 lakh ₹2 lakh Who Will Benefit? This expansion in UPI limits primarily benefits,

Investors transacting in mutual funds, stocks, and AMCs Policyholders making high-value insurance premium payments Taxpayers making EMD or GST payments on Govt. e-Marketplace (MCC 9311) Cardholders settling large credit card bills Loan borrowers and businesses handling bulk EMI or collection payments Frequent travelers booking high-value trips Jewellery buyers seeking cashless transactions Forex users and digital account openers needing smooth onboarding and funding Scope and Limitations Applies only to P2M (Person to Merchant) transactions via verified merchants P2P (Person to Person) UPI limit remains unchanged at ₹1 lakh/day Banks and PSPs must implement the new limits by Sept 15, 2025 Member banks may set internal limits lower than NPCI’s maximum, depending on their risk policies Key Takeaways for Exam Unified Payments Interface (UPI).

Developed by: National Payments Corporation of India (NPCI). Launched: 2016. Purpose: Enables instant money transfers between two bank accounts via mobile. Key feature: Uses Virtual Payment Address (VPA) for transfers, avoiding sharing sensitive bank details.

NEWS TODAY 06.09.2025

 

CM cannot have any role in VC appointments’: Kerala Governor moves Supreme Court

CM cannot have any role in VC appointments’: Kerala Governor moves Supreme Court

 Kerala Governor Rajendra Arlekar has moved the Supreme Court seeking to exclude Chief Minister Pinarayi Vijayan from the process of appointing vice-chancellors to APJ Abdul Kalam Technological University and Kerala Digital University.

 Published on:

 04 Sep 2025, 11:44 am 

Kerala Governor Rajendra Arlekar, in his capacity as Chancellor of state universities, has approached the Supreme Court seeking modification of its August 18 order that allowed Chief Minister Pinarayi Vijayan to be part of the process of appointing vice-chancellors (VCs) to APJ Abdul Kalam Technological University (KTU) and Kerala University of Digital Sciences, Innovation and Technology (DUK).

According to The Hindu, the rules governing these universities do not envisage any role for the Chief Minister in VC appointments. “The Chief Minister being the executive head of the state is connected with the number of government colleges, managed by the government and affiliated to the university. Therefore, as per UGC regulations he cannot have any role whatsoever in the appointment of Vice Chancellors,” his application stated.

The plea sought modification of the Supreme Court’s August 18 order, which had appointed former Supreme Court judge Justice Sudhanshu Dhulia as chairperson of the search-cum-selection committees. The order, passed by a Bench of Justices JB Pardiwala and KV Viswanathan, also directed that “recommendations made by the search-cum-selection committee, duly endorsed by the learned chairperson, shall be put up before the chief minister (and not the minister-in-charge of a department) for necessary consideration.”

The court had further said, “In case the Chief Minister, state of Kerala, has reasons to believe that any shortlisted person is unsuitable for appointment as vice-chancellor, the remarks to this effect along with the supporting material and the original record of the recommendation made by the search-cum-selection committee, shall be put up before the learned chancellor within two weeks. The Chief Minister shall be entitled to recommend the shortlisted names in order of preference for appointment as vice-chancellors.”

The Governor, however, said that introducing such a role for the Chief Minister disregards UGC Regulations, which highlight the “independence and autonomy of the universities by excluding any role of the state government.” “Both the University Acts do not provide any role for the minister or the Chief Minister in the matter of selection and appointment of the vice-chancellors,” the plea stressed.

He also sought a judicial direction to implead the UGC in the case, arguing that there is a mandatory requirement to include a nominee of the UGC chairperson in search committees. The Governor submitted, “As per UGC Regulations the Chancellor is having the prerogative to select the Vice Chancellor from the list submitted by the search Committee.” The list, he maintained, should not be a ranked list but a panel of three to five suitable names, leaving the final choice to the Chancellor.

The plea reminded the apex court that in 2023, while dealing with VC appointments at KTU, the Court had “very categorically held that UGC Regulations 2018 shall prevail for appointment of vice chancellors.” It warned that the August 18 order, by introducing a new mechanism involving the Chief Minister, would amount to “a complete disregard to the orders of the coordinate bench of this Hon’ble Court.”

The UGC itself, in a separate application, requested to be made a party to the proceedings. It noted that though the Kerala High Court judgment, against which the current appeal was filed, had quoted extensively from the UGC Act and Supreme Court decisions, the UGC had not been impleaded. “When the UGC regulation is in question, it is mandatory that the UGC should be a party to the deliberations as to whether the UGC Regulations will apply or not,” the Commission said.

The Governor’s move comes against the backdrop of years of tussle between Raj Bhavan and the state government over VC appointments, particularly after the Supreme Court in 2022 quashed the appointment of Rajasree as KTU VC for violating UGC norms. Interim appointments since then have triggered disputes between the Chancellor and the state government, with the Kerala High Court terming some of the Governor’s unilateral actions “illegal.”

NEWS TODAY 05.09.2025

IM-K among top 3 mgmt schools for 3rd straight yr

IIM-K among top 3 mgmt schools for 3rd straight yr

TNN | Sep 5, 2025, 04:04 IST

Kochi: The Indian Institute of Management Kozhikode (IIM-K) was ranked among the top three management institutions in the country by the National Institutional Ranking Framework (NIRF) for the third straight year.

Among other institutions, Kerala University and Cusat were ranked fifth and sixth among the top 10 state public universities in the country.

"Institutions in Kerala have made remarkable progress in the NIRF released by the ministry of human resource development, which assesses the academic performance and progress of higher education institutions in the country," said higher education minister R Bindu.

"The hat-trick of being ranked among the top three management institutions in India by NIRF is a testimony to IIM-K's relentless pursuit of academic excellence, diversity, innovation and inclusivity," said IIM-K director Debashis Chatterjee. "Breaking into the top three first in 2023 was a proud milestone, but sustaining this position for the next two years underscores the dedication and commitment of our faculty, students, alumni and staff."

NIRF, introduced by the ministry of education in 2015, is considered the most authoritative ranking in India. It outlines a methodology to rank institutions across the country based on parameters such as teaching, learning and resources (TLR, 30%), research and professional practice (RP, 30%), graduation outcomes (GO, 20%), outreach and inclusivity (OI, 10%) and perception (PR, 10%).

Bindu said the state performed well in the college ranking also. A total of 74 institutions — 18 govt colleges and 56 private colleges — from Kerala made it to the top 300.

Kerala University was ranked 42nd among all institutions and 25th in the universities list. Cusat (50th and 32nd) followed it. MG University maintained a strong presence with the 79th rank overall, 43rd in the university category and 17th among state public universities. Calicut University was placed in the 151-200 band overall and 101-150 in the university category. Kannur University was positioned in the 51-100 band among state public universities.

IIM-K retains top spot in NIRF for third consecutive year

IIM-K retains top spot in NIRF for third consecutive year 

The institution has sustained its forward momentum with an overall score rising from 74.74 in 2022 to 76.48 in 2023, 77.90 in 2024, and now 79.85 in 2025 

Published - September 04, 2025 07:32 pm IST - KOZHIKODE

THE HINDU BUREAU

In a significant milestone, the Indian Institute of Management Kozhikode (IIM-K) has been ranked among the top three management institutions in the country by the National Institutional Ranking Framework (NIRF) for the third consecutive year. The 10th edition of the prestigious NIRF rankings 2025 was released by Union Minister for Education Dharmendra Pradhan in New Delhi on Thursday (September 4, 2025).

“This hat-trick of being ranked among the top three management institutions in India by NIRF is a testimony to IIM-K’s relentless pursuit of academic excellence, diversity, innovation, and inclusivity,” said Prof. Debashis Chatterjee, Director, IIM-K.

“Breaking into the top three in 2023 was a proud milestone,” he added, “but sustaining this position for the next two successive years underscores the dedication and commitment of our faculty, students, alumni, and staff. As we step into our third decade, this recognition inspires us to continue shaping future-ready, humanistic leaders and advancing the global footprint of Indian thought.”

The NIRF, introduced by the Ministry of Education in 2015, ranks institutions based on parameters such as Teaching, Learning and Resources (TLR) 30%, Research and Professional Practice (RP) 30%, Graduation Outcomes (GO) 20%, Outreach and Inclusivity (OI) 10%, and Perception (PR) 10%.

A press release said that IIM-K has sustained its forward momentum with an overall score rising from 74.74 in 2022 to 76.48 in 2023, 77.90 in 2024, and now 79.85 in 2025. The nearly two-point improvement over 2024 has enabled IIM-K to significantly close the gap with the older IIMs.

Noteworthy gains were recorded in TLR (86.99 to 87.75) and RP (58.96 to 64.14), underlining the institute’s growing academic depth and expanding research output. GO also improved to 95.35, reflecting strong student placements, entrepreneurial success, and alumni achievements.

This performance strengthens IIM-K’s academic reputation, enhances its visibility in global rankings, and reinforces its appeal to prospective students, recruiters, and international collaborators. The steady upward trajectory validates the institute’s emphasis on inclusivity, innovation, and impact-driven research. The latest ranking further highlights IIM-K’s growing influence in global business education, underscoring its commitment to both academic rigour and social impact.

Published - September 04, 2025 07:32 pm IST