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    HSBC INDIA OPENS NEW BRANCH IN NASHIK TO SUPPORT WEALTH EXPANSION
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August 24, 2026
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Branch expansion for wealth and cross-border banking services targets emerging commercial centres and affluent customer segments across India.
HSBC India's branch expansion is directed at extending wealth, international banking, and corporate banking services to affluent, high-net-worth, ultra-high-net-worth, and non-resident Indian customers in emerging commercial centres. The Nashik opening forms part of a broader branch-expansion programme undertaken after Reserve Bank of India approval to establish additional branches in key cities. The programme is intended to expand delivery of banking and financial services, including support for cross-border wealth management, overseas investment by Indian companies, and foreign investment into India.
August 24, 2026
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Bilateral trade and investment cooperation advances through business engagement in high-technology manufacturing, clean energy, innovation and industrial collaboration.
India's commerce and industry engagement with Japan is structured around a business delegation visit to deepen bilateral trade, investment, technology and industrial collaboration. Sector-focused discussions cover semiconductors, artificial intelligence, start-ups, automotive manufacturing, steel, electronics, industrial and consumer markets. Business roadshows and investor interactions are directed at presenting opportunities in India's manufacturing, clean-energy and consumer sectors, while advancing cooperation in high-technology manufacturing and next-generation industries.
August 24, 2026
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Inter-state heroin trafficking enforcement uncovered concealed narcotics in transport vehicles, triggering arrests, confiscation, and continuing supply-chain investigations.
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August 24, 2026
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Banking labour relations are affected by proposed nationwide industrial action over five-day banking, performance-linked incentives, and pension-related demands. Five-day banking remains pending despite a bipartite arrangement for extended weekday hours. Unions dispute an incentive scheme that differentiates awards by seniority and individual performance, contending that it departs from bank-level performance linkage and uniformity across cadres. They also allege that implementation during pending conciliation breaches a status quo obligation, while pension revision, uniform dearness allowance, and a pension-scheme switch option remain unresolved.
August 24, 2026
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Free trade agreement strategy expands preferential market access and supports India's integration into global value chains and investment partnerships.
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August 24, 2026
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Foreign exchange market conditions supported rupee appreciation, but crude prices, importer demand and geopolitical sanctions concerns limited gains.
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August 23, 2026
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Undeclared gold importation led to customs interception, seizure, arrest and continuing investigation after concealment inside passenger clothing.
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August 23, 2026
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Digital arrest cyber fraud used impersonation, forged notices and coercive video calls to obtain transfers through mule accounts.
Digital arrest cyber fraud allegedly used impersonation of law-enforcement and central banking officials, fabricated notices, threats of arrest and continuous video communications to coerce a retired railway employee into disclosing financial details and transferring funds for purported verification. The alleged proceeds were routed through mule and shell accounts. Banking records, KYC details, digital evidence and transaction trails allegedly connected a recipient account with suspicious transactions and multiple cyber-fraud cases; part of the cheated amount was recovered or refunded.
August 23, 2026
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Political targeting allegations challenge money-laundering enforcement actions, searches, questioning, and public disclosures in the CMRL investigation.
CPI(M) alleges that enforcement action under the Prevention of Money Laundering Act in the CMRL matter is politically motivated targeting of Pinarayi Vijayan, family members and party associates. It contends that searches, questioning and public communications during the investigation were used to create suspicion without incriminating evidence, and characterises references to hawala as a new investigative narrative. The party also alleges selective anti-money-laundering enforcement against opposition leaders and states that the company will address the CMRL-related matter.
August 23, 2026
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Money-laundering investigation into alleged liquor transport irregularities results in arrests connected with claimed loss to the government exchequer.
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August 23, 2026
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Customs, DGFT & SEZ

CBIC has a big role in India’s rise in Ease of Doing Business rankings : Shri Anurag Thakur

January 27, 2020

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Union Minister of State for Finance & Corporate Affairs, Shri Anurag Singh Thakur has expressed confidence that with concerted efforts of the Central Board of Indirect Taxes & Customs (CBIC), India would further improve its position in ranking for Ease of Doing Business. While addressing at Investiture Ceremony & International Customs Day 2020 here today, Shri Thakur said that India has risen in the Ease of Doing Business Rankings by being transparent, accountable and logical. This rise in rankings is due to the efforts of the officers of CBIC as Trading Across Borders is one of the key parameter of the rankings and it is credit to the efforts of CBIC that this key parameter has performed.

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While stressing on harnessing technology for faster resolution, the Minister said that technology plays an important role by ensuring efficiency, transparency and accountability. Shri Thakur appreciated the response of Custom officials to dynamics of changing ecosystem worldwide. Customs are doing well because they work as a team besides adapting and evolving, especially in a large and diverse country like India.

He said the 2020 theme of International Customs Organisation itself highlights the changing nature and role of customs today. The theme of International Customs Day, celebrated on 26th January every year, is dedicated to the contribution of Customs towards a sustainable future where social, economic, health and environmental needs are at the heart of our actions, with the slogan “Customs fostering Sustainability for People, Prosperity and the Planet”.

Shri Thakur gave away the awards to CBIC Officers & Staff for their meritorious services on the occasion of Investiture Ceremony & International Customs Day. Presidential Award of Appreciation Certificates and World Customs Organization (WCO) Certificates of Merit Award were also presented to the distinguished officers of the CBIC.

Dr. Ajay Bhushan Pandey, Revenue Secretary, also spoke about the thrust on enhancing trade facilitation and the role of other stakeholders including participating government agencies. Revenue Secretary emphasized on use of technology in ensuring Ease of Doing Business.

Dr. John Joseph, Chairman CBIC, while congratulating the awardees highlighted recent key initiatives taken by the Customs for enhancing trade facilitation in line with the Action Plan for implementing the Trade Facilitation Agreement of the WTO ratified by India.  He also complimented the officers for their dedicated work especially in the area of preventing smuggling of environmentally sensitive items, flora and fauna. Chairman CBIC said that officers of CBIC are fully committed towards hassle free trade and taking India to newer heights in Ease of Doing Business rankings.

Shri O. P. Dadhich, Principal Chief Commissioner of Customs Delhi Zone presented the vote of thanks.

The following officers received the Presidential commendation.

A.  Exceptionally Meritorious Service rendered at the Risk of Life

  1. Shri Afaq Ahmad Giri, Assistant Director, Directorate of Revenue Intelligence (DRI) Regional Unit, Jammu;
  2. Shri Lalthanliana, Senior Intelligence Officer, DRI Regional Unit, Aizawl;
  3. Shri Ranjeet Singh, Senior Intelligence Officer, DRI Regional Unit, Jammu;

B.  Specially Distinguished Record of Service

  1. Shri Bankey Behari Agrawal, Principal Chief Commissioner, Central Goods and Services Tax & Central Excise (CGST & CEX) and Customs Zone, Hyderabad;
  2. Shri Pramod Kumar Singh, Principal Commissioner, CGST & CEX Zone, Jaipur;
  3. Shri Ashish Varma, Principal Additional Director General, DRI Zonal Unit, Ahmedabad;
  4. Shri Vimal Kumar Srivastava, Additional Director General, National Academy of Customs, Indirect Taxes & Narcotics (NACIN), Faridabad;
  5. Shri Subhash Agrawal, Commissioner of Customs, Mumbai –II Customs Zone, Mumbai;
  6. Dr. Satish S. Dhavale, Additional Director, Risk Management Centre for Customs, Directorate General of Analytics and Risk Management, Mumbai;
  7. Shri Nagendra Kumar Mishra, Additional Commissioner, CGST & CEX Zone, Ranchi;
  8. Shri Hardeep Batra, Additional Commissioner, World Customs Organisation Cell, CBIC, New Delhi;
  9. Shri Sachin Jain, Additional Commissioner, CGST & CEX Zone, New Delhi;
  10. Shri Rahul Ramesh Nangare, First Secretary, High Commission of India, London;
  11. Shri Parmod Kumar, Additional Commissioner, Tax Research Unit, CBIC, New Delhi;
  12. Ms. Sucheta Sreejesh, Additional Director, DRI Headquarters, New Delhi;
  13. Shri Gauri Shankar Sinha, Director, Goods and Services Tax Council, New Delhi;
  14. Shri Satish Pandurangarao Pattapu, Deputy Director, DRI Zonal Unit, Mumbai;
  15. Shri Rajeev Kumar Arora, Assistant Commissioner, Directorate General of Taxpayer Services, New Delhi;
  16. Shri. Ashok Kumar Gautam, Assistant Director, Directorate General of Human Resource Development (DGHRD), New Delhi;
  17. Shri S. Kalyan Iyer, Assistant Commissioner, Directorate General of Systems & Data Management, Chennai;
  18. Shri. Krishnamachari Srinivasan, Assistant Commissioner, CGST & CEX Zone, Chennai;
  19. Shri Jitender Kumar Sharma, Superintendent, Directorate of Logistics, New Delhi;
  20. Shri Vijay C. Bellary, Superintendent, CGST & CEX Zone, Bengaluru;
  21. Shri Haresh G. Parecha, Superintendent, CGST & CEX Zone, Mumbai;
  22. Shri Rakesh Bhargava, Senior Intelligence Officer, Directorate General of Goods & Services Tax Intelligence (DGGI) Zonal Unit, Ludhiana;
  23. Shri Ram Niwas, Senior Intelligence Officer, DGGI Zonal Unit, Chandigarh;
  24. Shri R. Srivatsan, Superintendent, NACIN, Chennai;
  25. Shri Vinod V. Pisharody, Senior Intelligence Officer, DRI Zonal Unit, Mumbai;
  26. Shri Krishnakant Gupta, Superintendent, Directorate General of Taxpayer Services (DGTS) Zonal Unit, Ahmedabad;
  27. Shri Shasidharan, Senior Intelligence Officer, DRI Zonal Unit, Cochin.
  28. Shri Srusti Rameswara Baba, Senior Intelligence Officer, DGGI Zonal Unit, Pune;
  29. Shri Dilip Singh Bisen, Senior Intelligence Officer, DGGI Zonal Unit, Mumbai;
  30. Shri Somit Das, Senior Intelligence Officer, DRI Zonal Unit, Kolkata;
  31. Shri K. Amudhaganesh, Senior Intelligence Officer, DRI Zonal Unit, Chennai;
  32. Shri A Shanmugaraj, Senior Intelligence Officer, DRI Regional Unit, Coimbatore;
  33. Shri Vijay Prakash Verma, Senior Intelligence Officer, DGGI Zonal Unit, Jaipur;
  34. Shri Sanjeev Kumar Bhalla, Intelligence Officer, DRI Headquarters, New Delhi;
  35. Shri Rohit Issar, Intelligence Officer, DGGI, New Delhi;
  36. Ms. Hem Lata, Senior Private Secretary, DRI Headquarters, New Delhi;
  37. Ms. Neerja Sharma, Senior Private Secretary, DGGI Headquarters, New Delhi;
  38. Ms. Nita Chirag Shah, Senior Private Secretary, DRI Zonal Unit, Ahmedabad;
  39. Ms. Radha Vijaykumar, Administrative Officer, DRI Zonal Unit, Chennai;
  40. Shri Vinod Joshi, Tax Assistant, Tax Research Unit, CBIC, New Delhi;
  41. Shri S. Nageswaran, Driver Special Grade, DGGI Headquarters, New Delhi;
  42. Shri Jaspal Chauhan, Driver Grade-I, DRI Headquarters, New Delhi;
  43. Shri M. Shanthaveerappa, Head Havaldar, DGGI Zonal Unit, Bengaluru.

 C. World Customs Organisation (WCO) Certificate of Merit

OFFICERS of CBIC

    1. Sh Rajan Chaudhary, Commissioner, Chennai-I, Chennai.
    2. Sh R K Mishra, Commissioner, JNCH, Mumbai Zone-II, Mumbai
    3. Sh Manish Kumar, Joint Commissioner, Directorate of International Customs, New Delhi             
    4. Sh Aneish P. Rajan, Joint Commissioner, Customs Preventive, Kochi.
    5. Dr. Subhash Yadav, Joint Director RMCC, Mumbai
    6. Sh Praveen Kumar Bali, Deputy Commissioner, TRU, CBIC, New Delhi
    7. Sh Kshitij Jain, Deputy Director, DG Systems, New Delhi
    8. Dr. Swati Bhanwala, Deputy Director, OSD (Land Customs), CBIC, New Delhi
    9. Dr. Anees Cherkunnath, Deputy Director, Directorate of Logistics, CBIC, New Delhi
    10. Ms. Anchita Pandoh, Deputy Commissioner, ACC Export, New  Delhi
    11. Sh Babu Lal Meena, Deputy Commissioner, Single Window, CBIC, New Delhi
    12. Sh Gyanender Saxena, Chemical Examiner Gr II, Customs Laboratory, Mumbai
    13. Sh Bibekananda Panda, Superintendent, WCO Cell, CBIC, New Delhi
    14. Sh Mukesh Bihari Pathak, Superintendent, Customs (Preventive), Jodhpur
    15. Sh Arghya Bhattacharya, Senior Intelligence Officer, DRI, KZU, Kolkata
    16. Sh Devanand P. Dhawa, Suprintendent, Customs (Preventive), Jamnagar
    17. Sh Upendra Kumar Vashishtha, Inspector (Examiner) DGHRD, New Delhi

Officers from other Government Agencies:

  1. Sh S B Singh, Deputy Director General, National Informatics Centre, New Delhi
  2. Sh Navin Kumar Vidyarthi, Indian Statistical Service, Director, TRU, CBIC, New Delhi

Recipient from Private Sector:

  1. Sh. P.S. Atree, M/s P.S. Atree & Company Pvt. Ltd., Customs Broker, New Delhi.

Topics

Acts Income Tax