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Kashmir Raids Hit Suspected Cyber‑Terror Finance as Punjab Starts New Drug Crackdown and UP Draft Roll Deletes 2.89 Crore

Security and electoral actions are reshaping politics and markets as Reliance disputes oil-shipment claims and a BJP–Congress municipal pact is rolled back.

Overview

  • Counter-Intelligence Kashmir searched 22 locations on court warrants, registered an FIR and detained 22 people in a probe into cyber fraud, mule accounts and suspected terror-financing links.
  • Punjab reported first‑phase totals of 1,859 kg of heroin seized, over 43,000 arrests and 29,978 FIRs, and is launching a second‑phase drive in Jalandhar with Arvind Kejriwal and Bhagwant Mann set to attend.
  • The Election Commission’s Special Intensive Revision released Uttar Pradesh’s draft roll on January 6 showing 2.89 crore deletions—about 18.7%—with claims and objections open until February 6.
  • Reliance Industries shares fell 4.42% to Rs 1,507.70, wiping about ₹94,000 crore in market value after oil‑shipment reports, as the company said it has received no Russian crude for roughly three weeks and expects none in January.
  • The local BJP–Congress arrangement in Ambarnath quickly unraveled as Congress suspended its block president and 12 councillors and BJP leadership warned that such unauthorized tie‑ups would face action.