The IMD warned of heavy to very heavy rain and squally weather through October 29 as Cyclone Arnab was forecast to intensify and approach the Andhra Pradesh coast.
Source ↗While inaugurating the RBI Data Centre and Cybersecurity Training Institute in Bhubaneswar, Prime Minister Modi stressed protecting India’s banking system and digital infrastructure from cyber threats and making banking more efficient and trustworthy.
Source ↗The rupee fell 0.3% to 95.1850 per dollar, its third consecutive session of decline, as importer dollar demand, higher oil prices and foreign outflows weighed on the currency; foreign investors had sold nearly $5 billion of Indian equities in October.
Source ↗The RBI’s Eleventh Amendment Directions, 2026 align the leverage-ratio framework with the Basel Committee’s 2017 Basel III standard; the revised rules take effect on April 1, 2027, with ratios of 4% for D-SIBs and 3.5% for other banks.
Source ↗The partnership will explore quantum-safe and quantum-inspired technologies, AI, blockchain and cybersecurity through research, pilots and training, including applications such as fraud detection, credit assessment, digital identity and secure data sharing.
Source ↗Simultaneous raids in Assam, Mizoram and Manipur led to 18 arrests and the freezing of 1,424 bank accounts, exposing alleged hawala transactions worth Rs 100 crore linked to a Myanmar-based narcotics cartel.
Source ↗The Board approved a 16-car Alstom-powered Vande Bharat Chair Car trainset manufactured at Rail Coach Factory, Kapurthala, for operation at up to 160 kmph subject to specified conditions.
Source ↗El Niño-induced dry conditions have subdued farmer offtake, particularly of urea; tractor sales also fell 18.1% in September, highlighting the effects of weather on agricultural demand.
Source ↗Violent protests in Arunachal Pradesh have intensified resistance to NHPC’s proposed 11,200-MW Siang Upper Multipurpose Project; authorities continued restrictions on public gatherings in parts of East Siang.
Source ↗Rural Development Minister Shivraj Singh Chouhan launched the upgraded National Mobile Monitoring System app for worker attendance under VB-G RAM G, with IIT Madras technical support, AI-based verification, device security and offline attendance capability.
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