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The Reserve Bank of India has placed Puducherry Co-operative Urban Bank under restrictions after citing financial instability and supervisory non-compliance. Customers will be allowed to withdraw only up to Rs 5,000 over the next six months, while eligible depositors may claim up to Rs 5 lakh under deposit insurance cover.
The India Meteorological Department has forecast heavy rainfall over Kerala, south Karnataka, Tamil Nadu and Puducherry for four days beginning Thursday, signalling a consequential wet phase for the southern peninsula even as a low-pressure system over the south-east Bay of Bengal has weakened after its parent circulation dissipated. The outlook raises the risk of localized flooding, transport disruption and short-term pressure on agriculture and urban drainage systems across the region.
The India Meteorological Department has forecast heavy rainfall over Kerala, south interior Karnataka, Tamil Nadu and Puducherry for four days beginning Thursday, as a fresh low-pressure system develops over the Bay of Bengal. The warning comes at a sensitive point in the monsoon calendar, with the southwest monsoon nearing its seasonal withdrawal from parts of the subcontinent and weather conditions turning more volatile across the South Peninsula.
Ruling parties have emerged dominant in the latest by-election results across West Bengal, Tamil Nadu and Puducherry, reinforcing their local political control and offering a fresh read on voter sentiment ahead of future contests. Yet the Tamil Nadu outcome has been shadowed by defections and shifting loyalties, complicating any simple narrative of victory.
The India Meteorological Department has said the northeast monsoon is likely to set in over south India on Thursday, even as heavy to very heavy rain continues to lash the Tamil Nadu coast. The forecast points to isolated very heavy rainfall over Kerala and Mahe, and over Tamil Nadu, Puducherry and Karaikal, with intense showers likely to persist across several southern and adjoining regions over the next five days.
The India Meteorological Department has indicated that the northeast monsoon is set to arrive on Thursday, even as intense rain continues to lash Tamil Nadu’s coast and nearby union territories. The weather office has warned of isolated very heavy rain over Kerala, Mahe, Tamil Nadu, Puducherry and Karaikal on Thursday, with heavy rainfall likely across several southern and adjoining regions over the next five days.
Kerala’s government has approved a plan to launch flight services through the cooperative sector, a move that signals an unusual expansion of the state’s cooperative model into aviation. Chief Minister Pinarayi Vijayan said the project will be spearheaded by MVR Cancer Centre Chairman C N Vijayakrishnan, while the government will guarantee deposits made by people in the cooperative sector.
The Enforcement Directorate on Friday searched 17 locations across Kerala in connection with an alleged ₹550 crore fraud involving co-operative banking institutions, intensifying scrutiny of a sector long viewed as politically sensitive and financially vulnerable. The operation covered premises linked to the Urban Co-operative Society in Angamaly, Thennala Service Co-operative Bank and Kuttanellur Co-operative Bank, according to officials familiar with the probe.
The CPI(M) has directed its leaders in Kottayam, Kerala, to settle outstanding cooperative bank loans, warning that default will invite strict disciplinary action. The move underscores the party’s effort to enforce financial discipline within its ranks while protecting its long-standing credibility among cooperative institutions and local supporters.
Two people, including a civilian driver for naval officers and a sailor posted at the Visakhapatnam Naval Base, have been arrested in a widening counterintelligence probe into alleged leaks to Pakistan intelligence operatives. Officials say 18 people are under scrutiny, including 13 Navy personnel, in a case that raises serious concerns about insider access, digital contact, and the security of sensitive military installations.
A Navy sailor has been arrested in Coimbatore on October 3 for allegedly sharing sensitive information with a female Pakistani intelligence operative he met on social media months earlier, according to officials familiar with the investigation. Police said suspicious digital activity prompted surveillance before the arrest, underscoring growing concern over online recruitment and espionage targeting Indian defence personnel.
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