Finance Minister Nirmala Sitharaman said on Tuesday that the resilience of the economy and strength of domestic demand will continue to make India an engine of growth amid the rapidly evolving global trade landscape as a result of US tariffs. In an interaction entitled the ‘Opportunities and challenges for India's quest to become a developed economy by 2047' at the High Commission of India in London, she asserted that the economy was well placed to capitalise on domestic efficiencies and competitiveness as it tackles global headwinds. “The world has seen depressed growth for over several years; earlier, it was low interest for long and now it's going to be low growth for long, and that's not happy news for anybody,” said Ms Sitharaman, who is in London on her first UK visit in her current Union Cabinet term. “India has maintained its fastest growing economy tag continuously now for five years and we still think that momentum may moderate a bit, but it will still be I...
From fake digital arrests to courier fraud, cybercriminals have become crafty. After several instances of fraudsters impersonating policemen, messaging and calling people to dupe them of their hard-earned money, a fake message from the 'CJI', seeking money to book a cab, is now going viral.
According to a screenshot of the post on the microblogging platform X, the impersonator, who claimed to be Chief Justice of India DY Chandrachud, was stranded at Connaught Place (CP).
"Hello, I am CJI and we have urgent meeting of the collegium and I am stuck at Cannaught Place can you send 5000rs for cab," read the screenshot of the post riddled with spelling and grammatical errors.
"I will return the money once I reach the court," assured the fraudulent message.
The Supreme Court has now taken note of the viral post and filed a complaint of cyber fraud on the instructions of the Chief Justice.
Several cases of cyber fraud have emerged in the recent past where people have lost lakhs of rupees after falling prey to the ingenious digital methods used by criminals.
Recently, the Reserve Bank of India proposed to set up a 'Digital Payments Intelligence Platform', which will have advanced technologies to mitigate payment fraud risks.
According to the annual report released by the Reserve Bank of India (RBI) on May 30, there was a significant surge in the number of financial frauds reported by banks, increasing by 166 per cent year-on-year in the financial year 2023-24 to reach 36,075 cases.
This figure starkly contrasts with the 13,564 cases reported in the previous fiscal year, FY23.
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