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    CBN dismantles inter-state counterfeit drug network in Bihar under Operation Vajra; mastermind arrested
    DRI seizes quantities of gold; drugs, e-cigarettes and other contraband in pan-India Ops; 20 persons, including 5 foreign nationals, arrested
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    Sebi bars ZEEL for 2 months, Subhash Chandra, Punit Goenka for 1 year in Hyderabad land pledge case
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    August 3, 2026
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    Counterfeit drug enforcement targets illicit manufacture, storage and trafficking networks, with coordinated seizures and referral of non-narcotic stock.
    Counterfeit-drug enforcement under Operation Vajra addressed an inter-state network involved in the illicit manufacture, storage and distribution of narcotic drugs, psychotropic substances and spurious pharmaceutical products. Searches of unregistered godowns recovered narcotic products, unauthorisedly manufactured Buprenorphine injection ampoules, and counterfeit non-NDPS medicines. A farmhouse-based illicit manufacturing facility was dismantled, with machinery, chemicals and related materials seized under the NDPS Act, 1985.
    August 3, 2026
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    Anti-smuggling enforcement targets concealed gold, narcotics, protected products, prohibited e-cigarettes and restricted imports through coordinated intelligence operations.
    Intelligence-led anti-smuggling operations resulted in seizures of foreign-origin gold, narcotic drugs, hydroponic weed, protected wildlife and forest products, prohibited electronic cigarettes, and restricted poppy seeds and areca nuts. The operations identified concealment through fabricated baggage cavities, false cargo declarations, misdeclaration of origin, forged documentation, and concealment in transport vehicles. Poppy seeds are restricted under the Foreign Trade Policy and may be imported only subject to conditions concerning legally cultivated produce from designated countries and registration of import contracts with the Narcotics Commissioner.
    August 3, 2026
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    Tax devolution advance instalment strengthens State finances for accelerated capital and developmental expenditure through distribution of Union tax proceeds.
    Tax devolution was released to State Governments as an additional advance instalment alongside the normal monthly devolution schedule. The fiscal transfer shares net proceeds of Union taxes and duties with States, with the stated purpose of strengthening State finances and supporting accelerated capital and developmental expenditure. The release includes a State-wise distribution of tax-devolution proceeds.
    August 3, 2026
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    Financial performance reporting highlights revenue and EBITDA growth, garmenting recovery, retail optimisation, ESG commitments, and forward-looking risk disclosures.
    Financial performance reflects growth in total income and EBITDA, with improved margin, reduced net working-capital days, and a net-cash position. Branded textiles and high-value cotton shirting reported lower revenue due to the prior-year base effect, while branded apparel grew but faced lower margin from channel mix. Garmenting improved through order-book execution, tariff rationalisation, and new global clients. ESG priorities include female representation, waste-management initiatives, renewable energy, emissions reduction, and workplace safety. Forward-looking statements remain subject to regulatory, political, economic, and technological risks.
    August 3, 2026
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    Foreign exchange market support strengthens the rupee as lower crude prices, portfolio inflows and reserve growth improve sentiment.
    Foreign exchange market conditions supported an early appreciation of the rupee against the US dollar, attributed to lower global crude oil prices, a weaker dollar, sustained foreign portfolio inflows, higher foreign exchange reserves, and Reserve Bank of India presence in the foreign exchange market. Domestic equity market gains and net foreign institutional equity purchases were also identified as supporting factors.
    August 2, 2026
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    Gold smuggling detection targets sophisticated concealment methods through strengthened passenger profiling, intelligence gathering and coordinated investigations into organised networks.
    Gold smuggling detection at Kerala airports led to multiple seizures, registration of cases and arrests in alleged smuggling attempts. Organised networks reportedly use gold in paste or compound forms concealed in clothing, body cavities, aircraft seats and other unconventional locations. Enforcement measures include strengthened passenger profiling, intelligence gathering and inter-agency coordination, while investigations continue to identify associated syndicates and financiers.
    August 2, 2026
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    Offshore exploration funding supports deepwater drilling, shared infrastructure and seismic data to strengthen domestic hydrocarbon production potential.
    The Samudra Manthan National Offshore Exploration Scheme provides direct budgetary support for high-risk deepwater and ultra-deepwater exploratory drilling, subject to cost-sharing and per-well limits. Support is available to eligible operators holding or securing exploration acreage. The scheme also funds offshore data acquisition and shared subsea, receipt and processing infrastructure through a Common Hub Infrastructure model. It is intended to promote risk exploration, improve commercialisation of offshore discoveries and strengthen domestic hydrocarbon production potential within the existing exploration and licensing framework.
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    GST compliance enforcement combines taxpayer refunds, analytics-based fraud detection, cancellation of fake registrations, and recovery of outstanding VAT arrears.
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    August 1, 2026
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    Cross-border barter trade resumes through Shipki La, subject to permitted goods, time limits, and import-export compliance requirements.
    Cross-border barter trade through Shipki La between India and Tibet resumed after a six-year interruption. Traders may exchange specified goods under a barter arrangement and must return within 72 hours. Traders are required to comply strictly with import-export regulations prescribed by the Union Ministry of Commerce, emphasising transparency and regulatory compliance. Expansion of permitted goods may be pursued through prescribed governmental and external-affairs channels.
    August 1, 2026
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    Export growth projections outline pathways for Odisha to expand merchandise trade through export diversification, MSME support and financing initiatives.
    Export growth projections for Odisha set out base, optimistic and ambitious scenarios through FY 2029-30, based respectively on historical growth, envisaged national export growth, and a larger share of national exports. Odisha's export basket remains concentrated in metals and minerals, led by aluminium products, with China as the principal export destination. Odisha Vision 2047 identifies exports, including MSME contributions, as an economic transformation driver, while export-financing and risk-mitigation initiatives aim to address financing gaps for exporters and MSMEs.
    August 1, 2026
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    GST compliance enforcement through AI analytics supported sustained net GST collection growth despite rate rationalisation reforms and reduced compliance costs.
    GST revenue mobilisation in Andhra Pradesh showed year-on-year growth in net GST and total commercial tax collections through July 2026, despite rate-rationalisation reforms. Revenue growth was attributed to AI-based scrutiny and analytics, machine-learning risk scoring, AI-driven IGST reversals, UPI-based enforcement analytics, data sharing, predictive analytics, registration verification, and Aadhaar-integrated expansion of the professional-tax base. These measures were stated to strengthen compliance, curb wrongful input tax credit claims, broaden taxpayer coverage, and improve revenue mobilisation.
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    Economic-offences fraud chargesheets address alleged fictitious loans, forged insurance surrender papers, and diversion of bank and policy funds.
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    PM Vishwakarma Scheme implementation expands artisan enrolment, skills, credit, e-commerce access and export facilitation while addressing documentation barriers.
    PM Vishwakarma Scheme implementation in Delhi facilitated artisan enrolment, application processing, skill training, toolkit distribution, loan access, e-commerce onboarding and export-related support. Awareness workshops and tele-calling campaigns were used to promote participation and follow up on benefits. Key implementation challenges concerned outreach to informal clusters, digital literacy, delays in Aadhaar and IEC documentation, and additional support for Divyang artisans. Planned action includes expanding workshops, scaling e-commerce onboarding, strengthening export facilitation and coordination with implementing agencies.
    August 1, 2026
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    Goods and Services Tax collections rise on domestic consumption and imports, while elevated import revenue prompts assessment of underlying drivers.
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    August 1, 2026
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    GST revenue collections show provisional gross, refund and net revenue trends, with State-wise settlement and domestic collection data.
    GST revenue collections for July 2026 are reported provisionally through gross domestic and import revenue, domestic and export-related refunds, and net GST revenue after refunds. The data also sets out SGST collections and the SGST share of IGST settled to States and Union Territories, both monthly and cumulatively. State-wise domestic GST growth excludes GST on imported goods, while jurisdiction-wise data allocates collections between central and State formations and identifies CGST, SGST and IGST components.
    August 1, 2026
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    Bilateral trade cooperation expands through a Joint Trade Committee covering investment, critical minerals, healthcare, digital technologies and market access.
    Bilateral trade and investment cooperation between India and Rwanda is to be advanced through a structured Joint Trade Committee mechanism for reviewing commerce, diversifying trade, promoting investment, facilitating business engagement and addressing market-access and logistical issues. Priority cooperation includes critical minerals, pharmaceuticals and healthcare, agriculture and agro-processing, standards harmonisation, digital public infrastructure, fintech, cybersecurity, green mobility and renewable energy. Investment focal points will support engagement, while capacity-building assistance and close monitoring of the Agreed Minutes are intended to support time-bound implementation.
    August 1, 2026
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    GST collection growth in West Bengal continued year-on-year in July but remained below the national growth trend.
    West Bengal's July GST collection increased year-on-year and over the preceding month, marking a second consecutive month of annual growth. Official data also indicated that the State's annual growth rate was below the national trend, while gross domestic GST revenue excluding imports and overall gross GST collections including import-related taxes rose nationally during July.
    August 1, 2026
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    GST collection growth reflects higher revenue mobilisation from domestic transactions and imports, with refunds adjusted in net revenue.
    Goods and Services Tax collections increased in July, driven by higher revenue from domestic transactions and imports. The gross collection comprised Central GST, State GST and Integrated GST components. Refunds also increased during the month, and net GST revenue was determined after adjustment of refund outflows from gross tax receipts.
    August 1, 2026
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    Concessional foreign-exchange swaps encourage bank deposits and foreign borrowings to strengthen balance-of-payments resilience and foreign-exchange liquidity.
    The Reserve Bank of India introduced a concessional foreign-exchange swap facility to encourage foreign-currency inflows, strengthen the balance of payments and support foreign-exchange liquidity. The facility applies to fresh Foreign Currency Non-Resident (Bank) deposits, Overseas Foreign Currency Borrowings and External Commercial Borrowings. Foreign Currency Non-Resident (Bank) deposits constitute the principal source of inflows mobilised under the arrangement. The facility is available for specified time-bound periods, with a later availability period for Overseas Foreign Currency Borrowings and External Commercial Borrowings.
    August 1, 2026
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    Unauthorised pledge of listed-company land triggered securities-market bars for disclosure failures and misuse of management authority.
    Unauthorised pledge of ZEEL's Hyderabad land as security for loans obtained by promoter-linked entities was treated as a related-party transaction lacking prior audit committee approval. ZEEL failed to disclose the land's deployment in its financial statements. Its Chairman Emeritus was stated to have transferred title deeds by falsely representing management approval and to have concealed the transaction's nature. Securities-market prohibitions and monetary penalties were imposed with immediate effect.

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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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