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BusinessThe Reserve Bank of India (RBI) has tightened the daily cash reserve ratio (CRR) maintenance rules for banks. From October 16, banks must maintain at least 99% of the prescribed CRR daily, up from the previous 90%. The overall CRR ratio remains unchanged. This aims to strengthen daily cash management and ensure more consistent reserve maintenance, impacting banks' liquidity management.
Amar Business·
PoliticsGovernment sources called it "unfortunate" that the Opposition is involving President Droupadi Murmu in controversy after a meeting with INDIA bloc leaders. The delegation, led by Congress's Mallikarjun Kharge and Rahul Gandhi, submitted a memorandum alleging electoral irregularities and demanding Election Commissioner Gyanesh Kumar's resignation. Rahul Gandhi said the President asked for proof, and the INDIA bloc is ready to provide evidence amid ongoing disputes over electoral rolls and the Special Intensive Revision exercise.
News18·
SportsIn a remarkable T20I match in Ranchi, West Indies chased down India's 250-run target with nine balls remaining. Hope and Sherfane Rutherford formed a 120-run partnership for the fourth wicket. Rutherford scored 84 off 37 balls, while Hope remained unbeaten with 102 off 45 balls, leading their team to a historic victory.
TOI Sports··Ranchi
PoliticsBallari police busted a fake job racket operating under 'Trans India Private Limited' from a rented house on Bommanahal Road. The network lured people with work-from-home jobs and laptops, claiming to sell Ayurvedic products. About 15 people from Anantpur worked there, earning commissions. Police seized 21 phones, a laptop, cash, and suspended 13 bank accounts. The main accused is absconding and under investigation.
Deccan Herald··Ballari
SportsIn a high-scoring T20I at Ranchi, West Indies chased down a massive target of 249 runs against India, marking their highest successful chase in T20Is. Shai Hope scored an unbeaten 102 off 45 balls, while Sherfane Rutherford added 84 from 37 balls. Despite Mayank Yadav's three-wicket burst, West Indies won by six wickets with nine balls remaining, overcoming India's strong total.
HT Sports··Ranchi
WorldA Florida man was arrested after selling hallucinogenic cacti and mushrooms on Facebook Marketplace. Hillsborough County Sheriff’s Office seized 131 live plants, about 50 pounds of mescaline-containing cacti, and 1.5 pounds of psilocybin mushrooms from his Riverview home. He now faces multiple drug charges related to the illegal sale and possession of these substances.
TOI World··Riverview
Amar Business·
The Reserve Bank of India (RBI) has tightened the daily cash reserve ratio (CRR) maintenance rules for banks. From October 16, banks must maintain at least 99% of the prescribed CRR daily, up from the previous 90%. The overall CRR ratio remains unchanged. This aims to strengthen daily cash management and ensure more consistent reserve maintenance, impacting banks' liquidity management.
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