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DoT’s Financial Fraud Risk Indicator Reportedly Blacklists 400K SIM Cards Linked to Fraudulent Activities
The Department of Telecommunications’ (DoT) Financial Fraud Risk Indicator (FRI) has reportedly blacklisted between 3,00,000 to 4,00,000 SIM cards that were linked with fraudulent activities. As per the report, the artificial intelligence (AI)-powered tool is flagging as many as 2,000 high-risk phone numbers on a daily basis.
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"Tremendous Ties With PM Modi But...": Trump's Top Aide On India Buying Russia Oil
A senior official of US President Donald Trump's administration accused India of financing Russia's war in Ukraine by purchasing oil from Moscow.
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Over 14,000 Men Received Money Under Maharashtra's 'Ladki Bahin' Scheme
Over 14,000 men fraudulently received financial benefits under the Ladki Bahin Yojana, a scheme explicitly meant for economically disadvantaged women in Maharashtra.
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Assam On the Brink Of Drought-Like Situation Due To Rain Deficit
Twenty seven districts of Assam are facing severe drought like situation following continuous rainfall deficit days. The worst hit are Kamrup Mtero, Kamrup, Dhubri, Nalbari, Barpeta, Bongaigaon and Darrang.
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Opinion | Why India Is Pushing FATF To Ease Its Rules For UPI Payments
Card networks, mostly headquartered in the West, benefit from historical precedence. Instant payment systems, by contrast, are homegrown innovations in emerging markets, cheaper, faster, and vital for financial inclusion.
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Indian Cybercrime Coordination Centre Helps Reduce Spoofed Calls by 97 Percent, Minister Says
The Indian Cybercrime Coordination Centre (I4C) systems have slashed spoofed calls by 97 percent, curbing cyber-crime and financial fraud, according to Dr Pemmasani Chandra Sekhar, Minister of State for Communications. The Department of Telecommunications' Digital Intelligence Platform (DIP) facilitates secure information sharing among stakeholders...
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"India's Financial System Diverse, Driven By Rapid Economic Growth": IMF Report
The report observed that India's insurance sector is strong and growing, with a significant presence in both life and general insurance.
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Mudrex Resumes Crypto Withdrawals, Claims to Have Upgraded Compliance ProcessÂ
In an update shared on Tuesday, January 28, Mudrex said it has upgraded and automated its compliance process with Artificial Intelligence (AI). The platform said it had improved its systems to combat financial crimes.Â
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Birla Institute of Management Technology Launches Bimcoin, a Blockchain-Based Campus CurrencyÂ
BIMTECH has designed Bimcoin to facilitate secure and transparent transactions within the institute’s internal ecosystem for students, administrators, and vendors. Unlike conventional financial systems, Bimcoin leverages blockchain’s decentralised nature, ensuring transparency, and incorporating programmable features such as smart contracts, th...
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New Regime Or Old Regime - Which Income Tax Slab Works Best For You?
The income tax system in India operates through a progressive slab structure. The amount of tax an individual pays is directly proportional to their income in a financial year.
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ITR Advance Tax Deadline Today: Who Needs To Pay, How To Avoid Penalties
Advance tax is a system where taxpayers pay their income tax liability in installments throughout the financial year, instead of a lump sum at the end.
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How To Apply For Pan 2.0 with QR Code Online: Check Benefits, Documents Required, and More
PAN 2.0 is a secure and upgraded financial identity system introduced by India’s Income Tax Department. This innovative card offers faster issuance, digital updates, Aadhaar integration, and QR code-based identity verification. Our guide explains the step-by-step process to apply via NSDL or UTIITSL, eligibility criteria, required documents, and ...
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Taiwan Aligns with India, Japan on AML Regulations for Crypto Businesses, Accelerates Registration Deadline
This week, Taiwan's Financial Supervisory Commission (FSC) announced that all cryptocurrency firms, whether already operating in the country or planning to establish operations, must register for anti-money laundering (AML) compliance. The FSC has advanced the registration deadline from January 1, 2025, to November 30, 2024, urging firms to expedit...
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How Medi Assist Is Using AI To Speed Up Hospital Discharges And Tackle Fraud
Medi Assist's journey with AI is transforming how India's healthcare system operates. It ensures patients face less financial anxiety while tackling the systemic issue of fraud.
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RBI's CBDC Yet Another Step in Taking Indian Payments Ahead, JPMorgan Blockchain Head Says
RBI's approach towards exploring the inclusion of the eRupee into the existing financial system has garnered applaud from Maveen Mallela, the global co-head of JPMorgan’s blockchain and digital currency unit called ‘Onyx’. The CBDCs is yet another step in taking Indian payments ahead, he said.
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DoT’s Financial Fraud Risk Indicator Reportedly Blacklists 400K SIM Cards Linked to Fraudulent Activities
The Department of Telecommunications’ (DoT) Financial Fraud Risk Indicator (FRI) has reportedly blacklisted between 3,00,000 to 4,00,000 SIM cards that were linked with fraudulent activities. As per the report, the artificial intelligence (AI)-powered tool is flagging as many as 2,000 high-risk phone numbers on a daily basis.
-
"Tremendous Ties With PM Modi But...": Trump's Top Aide On India Buying Russia Oil
A senior official of US President Donald Trump's administration accused India of financing Russia's war in Ukraine by purchasing oil from Moscow.
-
Over 14,000 Men Received Money Under Maharashtra's 'Ladki Bahin' Scheme
Over 14,000 men fraudulently received financial benefits under the Ladki Bahin Yojana, a scheme explicitly meant for economically disadvantaged women in Maharashtra.
-
Assam On the Brink Of Drought-Like Situation Due To Rain Deficit
Twenty seven districts of Assam are facing severe drought like situation following continuous rainfall deficit days. The worst hit are Kamrup Mtero, Kamrup, Dhubri, Nalbari, Barpeta, Bongaigaon and Darrang.
-
Opinion | Why India Is Pushing FATF To Ease Its Rules For UPI Payments
Card networks, mostly headquartered in the West, benefit from historical precedence. Instant payment systems, by contrast, are homegrown innovations in emerging markets, cheaper, faster, and vital for financial inclusion.
-
Indian Cybercrime Coordination Centre Helps Reduce Spoofed Calls by 97 Percent, Minister Says
The Indian Cybercrime Coordination Centre (I4C) systems have slashed spoofed calls by 97 percent, curbing cyber-crime and financial fraud, according to Dr Pemmasani Chandra Sekhar, Minister of State for Communications. The Department of Telecommunications' Digital Intelligence Platform (DIP) facilitates secure information sharing among stakeholders...
-
"India's Financial System Diverse, Driven By Rapid Economic Growth": IMF Report
The report observed that India's insurance sector is strong and growing, with a significant presence in both life and general insurance.
-
Mudrex Resumes Crypto Withdrawals, Claims to Have Upgraded Compliance ProcessÂ
In an update shared on Tuesday, January 28, Mudrex said it has upgraded and automated its compliance process with Artificial Intelligence (AI). The platform said it had improved its systems to combat financial crimes.Â
-
Birla Institute of Management Technology Launches Bimcoin, a Blockchain-Based Campus CurrencyÂ
BIMTECH has designed Bimcoin to facilitate secure and transparent transactions within the institute’s internal ecosystem for students, administrators, and vendors. Unlike conventional financial systems, Bimcoin leverages blockchain’s decentralised nature, ensuring transparency, and incorporating programmable features such as smart contracts, th...
-
New Regime Or Old Regime - Which Income Tax Slab Works Best For You?
The income tax system in India operates through a progressive slab structure. The amount of tax an individual pays is directly proportional to their income in a financial year.
-
ITR Advance Tax Deadline Today: Who Needs To Pay, How To Avoid Penalties
Advance tax is a system where taxpayers pay their income tax liability in installments throughout the financial year, instead of a lump sum at the end.
-
How To Apply For Pan 2.0 with QR Code Online: Check Benefits, Documents Required, and More
PAN 2.0 is a secure and upgraded financial identity system introduced by India’s Income Tax Department. This innovative card offers faster issuance, digital updates, Aadhaar integration, and QR code-based identity verification. Our guide explains the step-by-step process to apply via NSDL or UTIITSL, eligibility criteria, required documents, and ...
-
Taiwan Aligns with India, Japan on AML Regulations for Crypto Businesses, Accelerates Registration Deadline
This week, Taiwan's Financial Supervisory Commission (FSC) announced that all cryptocurrency firms, whether already operating in the country or planning to establish operations, must register for anti-money laundering (AML) compliance. The FSC has advanced the registration deadline from January 1, 2025, to November 30, 2024, urging firms to expedit...
-
How Medi Assist Is Using AI To Speed Up Hospital Discharges And Tackle Fraud
Medi Assist's journey with AI is transforming how India's healthcare system operates. It ensures patients face less financial anxiety while tackling the systemic issue of fraud.
-
RBI's CBDC Yet Another Step in Taking Indian Payments Ahead, JPMorgan Blockchain Head Says
RBI's approach towards exploring the inclusion of the eRupee into the existing financial system has garnered applaud from Maveen Mallela, the global co-head of JPMorgan’s blockchain and digital currency unit called ‘Onyx’. The CBDCs is yet another step in taking Indian payments ahead, he said.
