Indian Banks' Cash Surplus Shrinks as RBI Curbs Rupee Bets

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India's banking system has seen its cash surplus narrow as the Reserve Bank of India tightens measures tied to rupee bets. The central bank has offered only limited relief so far. It has capped liquidity support at 1.5 trillion rupees. On days when demand exceeds the available amount, the RBI has declined to inject additional funds.

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Cyclone Arnab Hits Andhra Pradesh Coast, Causing Deaths, Flooding and Flight Disruptions

Cyclone Arnab made landfall on the Andhra Pradesh coast, and separate electrocution incidents have resulted in fatalities. Several districts received more than 200 mm of rain, which uprooted trees and electric poles. Flights were cancelled or suspended at airports along the coastal region of Andhra Pradesh. Chief Minister N Chandrababu Naidu has ordered officials to restore normal conditions and deliver relief to the affected areas.

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Over 1 lakh evacuated as Cyclone Arnab hits Andhra Pradesh; Odisha braces for rain

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Zeeshan Siddique named Mumbai NCP chief, tasked with expanding the party's reach

Zeeshan Siddique has been appointed the new Mumbai chief of the Nationalist Congress Party (NCP). Described as an outsider to the party's established ranks, he has been given the job of broadening the NCP's presence in the city. The appointment signals an effort by the party to strengthen its organisation in Mumbai. Further details on the timing and reasoning behind the move were not included in the source material provided.