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    RBI issues Draft (Securitisation Transactions) Amendment Directions
    Rupee rises 5 paise to 95.77 against US dollar in early trade
    Woman GST officer, consultant caught taking Rs 60,000 bribe in Maharashtra's Jalna
    Zelenskyy has 'good meeting' with Trump at White House as he seeks more cooperation with US
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    India's Toy Exports Soar 89.1%, Reflecting Strong Growth in Domestic Manufacturing
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    Gold Loan EMI or Bullet Repayment: Muthoot Finance Helps Choose Right in 2026
    EU-ASEAN Business Council Calls for stronger action on Illicit Trade, highlights India''s Strategic role
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    July 29, 2026
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    Securitisation Note amendments seek stronger issuance efficiency, liquidity and transparency, with stakeholder consultation invited on proposed directions.
    Draft amendments to securitisation transaction directions seek to improve the efficiency, liquidity and transparency of issuing and subsequently transferring Securitisation Notes. The proposals apply to commercial banks, small finance banks, non-banking financial companies and all India financial institutions. Public and stakeholder comments are invited through the designated regulatory consultation platform or alternatively by post or email.
    July 29, 2026
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    Rupee appreciation reflected weaker dollar conditions, equity inflows, crude oil movements and positive domestic market sentiment.
    Foreign exchange market conditions supported an early appreciation of the rupee against the US dollar. A weaker US dollar, lower crude oil prices relative to earlier levels, positive domestic equity sentiment, and foreign institutional investors' net purchase of Indian equities were identified as key influences. The dollar index weakened ahead of a monetary policy announcement, while crude prices rose amid renewed geopolitical tensions. Domestic benchmark equity indices also advanced in early trade.
    July 29, 2026
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    Input Tax Credit unblocking allegedly involved illegal gratification, prompting a trap operation and apprehension of the officer and consultant.
    Alleged bribery connected with unblocking Input Tax Credit arose after an electronics trader received a show-cause notice and had its ITC blocked. A private tax consultant allegedly conveyed that a State GST officer demanded illegal gratification for unblocking the credit and encouraged the trader to settle the demand. Following a complaint, a trap operation allegedly led to the apprehension of the officer and consultant, with further legal action in progress.
    July 29, 2026
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    Defence production licensing and Russian energy sanctions shaped discussions on Ukraine's security capacity, missile supply and diplomatic engagement.
    Ukraine-US discussions addressed licences for domestic Patriot defence-system production, wider defence-production cooperation, technology exchange and missile supply funded through European resources. Ukraine also sought support for a sanctions bill designed to increase economic pressure on Russia by imposing tariffs on goods from major purchasers of Russian oil and gas and by sanctioning Russian leaders, financial institutions and energy projects. The proposed defence-production licence was identified as a longer-term measure, alongside calls for renewed diplomatic engagement.
    July 29, 2026
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    Cooperative-sector modernisation strengthens rural finance through expanded credit societies, online audits, institutional connectivity and technology-enabled cooperative banking.
    Cooperative-sector modernisation is presented as a mechanism for strengthening rural institutions, farmer prosperity and the rural economy. The separate Ministry of Cooperation provides an administrative, legal and policy framework for the cooperative movement. Key initiatives include establishing new primary agricultural credit societies and dairy cooperative societies, expanding business activities for primary agricultural credit societies, online auditing, and connecting cooperative institutions. District cooperative banks are described as important institutions for meeting the financial requirements of expanding service and dairy cooperative societies.
    July 28, 2026
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    Direct containerised rail freight movement enables seamless Kolkata Port-to-Biratnagar cargo transport without border transshipment under revised transit arrangements.
    Direct containerised rail freight movement between Kolkata Port and Biratnagar Customs Yard has commenced under the revised India-Nepal Rail Transit Protocol. The service enables end-to-end commercial rail carriage without border transshipment through the Jogbani-Biratnagar broad-gauge connection. Implementation of the revised Letter of Exchange operationalises direct commercial rail access, intended to reduce transit time, logistics costs and cargo handling while improving supply-chain efficiency, reliability and cross-border trade.
    July 28, 2026
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    State governance reforms expand housing relief, local audits, MSME support, property records, welfare measures and clean-vehicle tax incentives.
    The reforms provide concessional stamp duty and registration charges for eligible Economically Weaker Section housing beneficiaries, a statutory local-audit framework, and incentives for MSMEs and exports. They also establish rules for ownership records in Lal Dora areas and introduce a formula-based urban property-tax assessment framework with exemptions. Welfare measures cover compensation for specified unnatural custodial deaths, ex-Agniveer reservation, and compassionate appointments. Motor-vehicle tax measures provide a rebate for qualifying vehicles registered in women's names and exemptions for new electric vehicles.
    July 28, 2026
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    Investigation into alleged fund diversion faced scrutiny as agencies were required to disclose progress and decide on regular cases.
    Investigation into alleged dubious transactions and fund diversion involving Indiabulls Housing Finance Limited remained under scrutiny because investigating agencies did not provide an updated status or take a final decision on registration of regular cases. The Central Bureau of Investigation and Delhi Police Economic Offences Wing were required to file a comprehensive affidavit and status report. The allegations concern loans allegedly routed through corporate entities to promoter-linked companies, alongside inquiries involving financial, corporate-fraud and market-regulatory agencies.
    July 28, 2026
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    MSME payment-delay reforms propose faster dispute resolution, enforceable settlement recovery, and invoice discounting to strengthen supplier liquidity.
    The proposed amendment strengthens delayed-payment dispute resolution for micro and small enterprise suppliers through prescribed adjudication timelines and possible interim payment of at least half the awarded amount where a setting-aside application remains pending beyond six months. Mediated settlements and arbitral awards may be recovered as arrears of land revenue and are proposed to be legally enforceable debts under the insolvency framework. Central public sector enterprises would be required to route MSME invoice settlements through the Trade Receivables Discounting System.
    July 28, 2026
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    Regional rural bank oversight strengthens financial performance, technology adoption, diversified lending and financial inclusion in remote communities.
    Regional Rural Banks are regularly reviewed for financial performance, technology upgradation, MSME lending, loan diversification and financial inclusion in rural and remote areas. Their financial health improved over recent years, with growth in deposits, loans, credit-deposit ratio, net worth and capital adequacy, alongside improved asset-quality indicators. Financial-inclusion targets for bank-account access, micro-credit, insurance and pension schemes are set and periodically monitored to extend formal financial services.
    July 28, 2026
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    Emergency credit guarantee support addresses business liquidity mismatches while public sector banks report stronger asset quality and sectoral lending growth.
    Public sector banks reported improved balance-sheet health, rising business and lending, higher profits, stronger capital adequacy, and lower gross non-performing assets through FY 2025-26. Credit expanded across retail, agriculture, MSME, and infrastructure segments. Emergency Credit Line Guarantee Scheme 5.0 provides guarantee coverage to member lending institutions for eligible additional credit facilities addressing short-term liquidity mismatches, with full coverage for MSMEs and differentiated coverage for non-MSMEs and scheduled passenger airlines. Airline assistance is linked to peak credit outstanding and may require proportionate promoter or owner equity contribution above the applicable threshold.
    July 28, 2026
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    Toy quality regulation and export support strengthen domestic manufacturing, safety compliance, market access, and competitiveness in the Indian toy sector.
    Toy-sector measures combine quality regulation, import-duty changes, domestic manufacturing support, export facilitation, and promotional initiatives. The National Action Plan for Toys covers toy design, learning-oriented toys, quality monitoring, restrictions on unsafe imports, indigenous clusters, and domestic production. A Quality Control Order and BIS licensing framework support compliance with toy-safety standards. Cluster assistance, startup recognition, export-duty remission support, and zero-duty market access under specified trade agreements seek to strengthen competitiveness, while stated measures are associated with improved quality conformity, lower imports, and increased exports.
    July 28, 2026
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    Preferential market access under free trade agreements supports export diversification, labour-intensive sectors, and exporter use of tariff concessions.
    India's FTA framework is used to promote preferential tariff utilisation, export diversification and expanded market access. The Government monitors recently operationalised agreements through Certificates of Origin and partner-country trade data. Agreements with the UAE, Australia, Mauritius, Oman and EFTA are associated with increased product-line coverage, tariff preference utilisation and export opportunities. Labour-intensive sectors receive priority through preferential access, while calibrated tariff liberalisation and transition arrangements seek to protect sensitive domestic sectors. Trade e-Connect and the Trade Intelligence and Analytics Portal support exporters with market intelligence, rules of origin guidance, trade data and export-performance monitoring.
    July 28, 2026
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    Preferential Market Access under free trade agreements supports export diversification, labour-intensive sectors, tariff utilisation and data-driven trade facilitation.
    Preferential tariff utilisation under recently operationalised trade agreements is monitored through Certificates of Origin and partner-country trade data. Increased certificate issuance and expansion in exported HS-level tariff lines are treated as indicators of export diversification and market penetration. Labour-intensive sectors receive improved market-access opportunities under FTAs, while calibrated tariff liberalisation and transition arrangements preserve policy space for sensitive domestic sectors. Trade e-Connect and the Trade Intelligence and Analytics Portal provide exporters and policymakers with market intelligence, Rules of Origin guidance, FTA advisory services and trade-performance analytics.
    July 28, 2026
    Show AI Summary
    Sports-quota government recruitment recognised medal-winning student-athletes for public employment across defence, policing, railways and other government institutions.
    Sports-quota recruitment enabled medal-winning student-athletes to obtain government employment on the basis of sporting performances at state, national and international levels. Appointments covered armed forces, central armed police and paramilitary organisations, railways, police, the Income Tax Department, a public-sector bank, sports departments and other government institutions. The described sports framework provides scholarships, coaching, infrastructure, dietary support, travel, accommodation, equipment and selection-oriented physical, mental and personality-development training.
    July 28, 2026
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    Sugar stock controls require dealers to limit inventory duration and quantity, declare holdings, and curb speculative buying.
    Sugar dealers may not retain stock beyond thirty days from receipt or hold sugar above 4,000 quintals at any time or place. Government-account stocks and authorised Public Distribution System stocks are excluded. State Governments and Union territory administrations may prescribe limits only within the national ceiling and holding period. Dealers must declare and regularly update stock positions on the designated portal. The temporary restrictions are intended to maintain domestic availability, discourage speculative buying and contain sugar prices.
    July 28, 2026
    Show AI Summary
    Credit Profile Management requires timely repayments, controlled utilisation, selective borrowing and prompt correction of credit-report inaccuracies.
    A healthy credit profile depends on timely repayment of EMIs and credit-card dues, controlled credit utilisation and selective applications for new credit. Missed payments, sustained high utilisation and multiple hard enquiries may affect credit health and lender assessment. Individuals should periodically review credit reports for inaccurate personal details, closed loans recorded as active, missing repayment updates, duplicate loan entries or incorrect payment status, and promptly seek correction of discrepancies. Regular monitoring of credit score, repayment history, active accounts and enquiries supports informed credit-management decisions.
    July 28, 2026
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    Gold loan repayment structures require borrowers to weigh EMI interest savings against bullet repayment cash-flow flexibility and maturity obligations.
    Gold loans may be repaid through EMIs, which reduce principal and interest through periodic instalments, or through Bullet Repayment, which defers principal and accrued interest until maturity. The stated framework imposes tiered loan-to-value limits and caps consumption-purpose bullet loans at 12 months, with bullet-loan collateral assessment including projected interest. EMI repayment may reduce overall interest cost for borrowers with predictable income, while bullet repayment may preserve cash flow for borrowers expecting a defined future inflow. Borrowers should compare costs and review the Key Fact Statement before choosing a structure.
    July 28, 2026
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    Illicit trade prevention requires coordinated intelligence sharing, risk-based shipment controls and public-private cooperation to protect supply-chain integrity.
    Illicit trade prevention requires coordinated regional action through institutional intelligence-sharing, joint enforcement, regulatory alignment and public-private engagement. Proposed measures include risk-based pre-export assurance, shipment controls, digital customs tools and common principles adaptable to sector-specific risks. India is identified as a dialogue partner that can support secure regional trade through enforcement cooperation, intelligence exchange and risk-based governance. Analytical research, market intelligence, product-identification awareness and voluntary track-and-trace initiatives may assist in addressing illicit tobacco trade and strengthening lawful trade integrity.
    July 28, 2026
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    Toy-sector competitiveness is advanced through a task force and playbook focused on manufacturing, innovation, quality compliance and exports.
    Toy-sector competitiveness is proposed to be advanced through a dedicated task force and a playbook addressing manufacturing ecosystems, value chains, standards and compliance, skills, innovation, intellectual property and exports. The task force is intended to strengthen manufacturing capability, resolve value-chain bottlenecks, enable design and innovation, develop employment and skills, improve ease of doing business and support global value-chain integration. The roadmap emphasises domestic production, quality standards, localisation, branding, cluster development and support for MSMEs and startups.

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      Indian Dance Group V Unbeatables to Perform at Lunar New Year Night Parade in Hong Kong

      January 21, 2025

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      Cathay International Chinese New Year Parade will Feature Diverse International Performances and Hong Kong Charm with Stunning Floats Hong Kong (NewsVoir) Indian dance group and the winner of 2020 America's Got Talent: The Champions V.UNBEATABLE are all set to perform at the upcoming Cathay International Chinese New Year Night Parade alongside 15 other performing groups from the Mainland and overseas. The most spectacular Lunar New Year celebration in town – the Cathay International Chinese New Year Night Parade – is ready to roar back in exuberant style in Tsim Sha Tsui to welcome the first day of the Year of the Snake (29 January), kicking off a host of seasonal events across Hong Kong. The annual event is organised by the Hong Kong Tourism Board (HKTB) with Cathay as the title sponsor for the 23rd year. With the theme Unfold a Year of Good Fortune, the parade combines performers from around the world with distinctive Hong Kong flavours presented by the floats to reflect the city’s status as an events capital for festivities with a unique glamour.

      Hong Kong, a visa-free destination for Indian travellers, offers a vibrant calendar of year-round events, allowing visitors to immerse themselves in the city's rich culture and dynamic experiences.

      The floats and local, global, and pre-parade performances in this year’s parade will total 55 – more than last year – bringing a bigger and more spectacular Lunar New Year experience to excited crowds of spectators.

      A total of 14 countries and regions will be represented, including Hong Kong, with France, Argentina, Austria, India, Indonesia, and Thailand as the newcomers. The other performing groups from Mainland and overseas, include Austrian acrobatic show group and the runner-up of 2018 America's Got Talent Zurcaroh, and the dance crew, the first Golden Buzzer winner of the 2023 Indonesia’s Got Talent contest BRAVERY DANCERS. Groups from the Mainland are also ready to impress, including the Shaanxi Performing Arts Troupe, who featured in the opening and closing ceremonies of the 14th National Games of China. Spectators can also enjoy the festive fan with Thai boyband LYKN and K-pop girl group Kep1er.

      Dr Pang Yiu-kai, HKTB Chairman, said, “Hong Kong is one of the most popular destinations in the world for Lunar New Year celebrations, and the Cathay International Chinese New Year Night Parade is definitely a highlight of the festivities. The parade will be broadcast live by satellite and webcast around the world and will be a global attraction to remember. This year’s event trumps last year’s as HKTB hopes to kick off the Year of the Snake by showcasing an international carnival featuring performances from all over the world.” Dr Pang continued, “HKTB will also provide visitors with a handy New Year travel guide by launching a one-stop Chinese New Year celebration webpage. The page brings together details about celebrations across the city in addition to the Cathay International Chinese New Year Night Parade, including the fabulous fireworks display, the Chinese New Year Raceday, and the Chinese New Year Cup on the second, third, and fourth days of Lunar New Year respectively, as well as Lunar New Year fairs. Complemented by other festive activities and popular attractions, Hong Kong offers a feast of seasonal entertainment to entice visitors to stay for a few more days and return home filled with joy.” Mr Ronald Lam, Cathay Group Chief Executive Officer, said, “As Hong Kong's home carrier with deep roots in the city for nearly 80 years, Cathay is firmly committed to developing Hong Kong as an international aviation hub. We have been adding more flights and expanding our network to connect our customers with their friends and families from around the world. At the same time, we also play a part in Hong Kong's development into an East-meets-West centre for international cultural exchange. We support various international mega-events held in the city to promote the local economy. Meanwhile, we are delighted to be the title sponsor of the Cathay International Chinese New Year Night Parade for the 23rd consecutive year. We hope this world-renowned Chinese New Year spectacle will give everyone a warm start to the Year of the Snake, surrounded by loved ones and filled with the joy, happiness and blessings brought by Cathay!” Presenting Local Performers of an International Standard for a Magnificent Festive Extravaganza Representing the talents of Hong Kong are 12 performing groups with skills ranging from dancing, cheerleading, and gymnastics to rope skipping – many of them champions in international competitions. Marvel at the moves of Chestroll Dance Crew, winner of the 2019 and 2023 World of Dance Hong Kong competition, and the SDM Jazz & Ballet Academie and Hong Kong Rope Skipping.

      Association, China, both winners of numerous international accolades. The show by the Hong Kong Rope Skipping Association China, which has participated in the parade for many years, will include top performers from the United States, France, Australia, and Japan, exchanging skills and adding a touch of international flair and vitality to the traditional festivities.

      The parade will begin at the Hong Kong Cultural Centre Piazza and will work its way through Canton Road, Haiphong Road, and Nathan Road before arriving at Sheraton Hong Kong Hotel & Towers. The parade will officially begin at 8:00pm, and at 6:00pm before the parade starts, a total of 18 local performing groups will ring in the festivities with juggling, magic shows, dance and music to get you into the carnival mood.

      Floats Transform into Hong Kong Tourism Ambassadors to Showcase City’s Charm The parade this year will feature nine floats, many of which assume roles as Hong Kong Tourism Ambassadors by showcasing the city’s splendour and charm. These floats will feature famous Hong Kong icons, including the city’s popular giant pandas who will appear on a float with Hong Kong-style milk tea. Don’t miss out on floats based on the city’s stunning skyline that take inspiration from the snake motif. Also not to be missed are floats with elements of Hong Kong festivities to promote the city’s distinctive Lunar New Year culture, as well as ones carrying joyful Lunar New Year messages and greetings including windmills, lyrical couplets, blooming flowers, and much more. Tickets on Sale from 11 January 2025.

      Seats for the Cathay International Chinese New Year Night Parade will be available at the Hong Kong Cultural Centre and on Canton Road and Nathan Road. Tickets cost HK$480, $450, and $300 will go on sale from 8:00 am on 11 January (Saturday) at the HKTB’s Kowloon Visitor Centre in Tsim Sha Tsui (Star Ferry Pier, Tsim Sha Tsui). All tickets are available on a first-come, first-served basis.

      Creating Synergy with the Hong Kong Well-wishing Festival to Extend the Excitement of the Night Parade HKTB is teaming up with the Hong Kong Well-wishing Festival this year to extend the excitement of the night parade. The dazzling floats and performance stage will be relocated to Lam Tsuen in Tai Po where, from 30 January to 13 February, locals and visitors can see multiple floats at the Lam Tsuen Wishing Square.

      On the second and third days of the Lunar New Year, locals and visitors can enjoy selected performances presented by Mainland and international performing groups who took part in the Cathay International Chinese New Year Night Parade. Some groups will also perform at different locations around the city on these two days, making it an event not to be missed.

      Launch of New Year Travel Guide to Attract Visitors to Celebrate Lunar New Year in Hong Kong The HKTB is providing a handy New Year travel guide for locals and visitors by launching a one-stop Chinese New Year celebration webpage.

      The page brings together details about celebrations across the city, including the Cathay International Chinese New Year Night Parade, the fabulous fireworks display, the Chinese New Year Raceday, and the Chinese New Year Cup on the first, second, third, and fourth days of Lunar New Year respectively, as well as Lunar New Year fairs. Together with temple visits for blessings and other festive activities at popular attractions, the guide will give visitors spending the Lunar New Year in Hong Kong the opportunity to fully immerse themselves in the city’s festive culture.

      HKTB Chinese New Year celebration webpage: www.discoverhongkong.com/eng/what-s-new/events Schedule of Celebratory Events Related to the Cathay International Chinese New Year Night Parade* The Cathay International Chinese New Year Night Parade kicks off on 29 January, the first day of the Lunar New Year, with pre-parade performances beginning at 6:00 pm and the main parade running from 8:00 pm to 9:45 pm. The parade route starts at the Hong Kong Cultural Centre Piazza in Tsim Sha Tsui and proceeds along Canton Road, Haiphong Road, and Nathan Road, before concluding at the Sheraton Hong Kong Hotel & Towers. The festivities continue on 30 and 31 January, with Mainland and International performing groups showcasing their talents at various locations including Lam Tsuen Wishing Square in Tai Po, Citigate Outlets, Kai Tin Shopping Centre, and Temple Mall on January 30, followed by performances at PopCorn, Maritime Square, and The Wai on January 31. Additionally, float displays will be exhibited at Lam Tsuen Wishing Square in Tai Po from January 30 to February 13, spanning from the second day of the Lunar New Year until the day after the Lantern Festival.

      *The performances and float display details will be announced later on the HKTB website.

      The "Cathay International Chinese New Year Night Parade" will be live-streamed on the Discover Hong Kong YouTube channel on January 29, 2025, from 20:00 to 21:45 Hong Kong Time (GMT 12:00 to 13:45). Join us for this vibrant celebration of the Lunar New Year! About Hong Kong Tourism Board (HKTB) The Hong Kong Tourism Board (HKTB) is a government-subvented body tasked to market and promote Hong Kong as a travel destination worldwide and enhance visitors' experience once they arrive. These include making recommendations to the Government and other relevant bodies on the range and quality of visitor facilities.

      The HKTB’s missions are to maximise the social and economic contribution made by tourism to the community of Hong Kong and to consolidate Hong Kong’s position as a unique, world-class, and most desired destination.

      (Disclaimer: The above press release comes to you under an arrangement with Newsvoir and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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