Search Results for: mobile banking

Indian-origin hacker gets 51 months jail for computer fraud in US

Muzaffarpur businessman cheated by cyber criminals of Rs 89.90 lakh

Cyber cheats defrauded a Muzaffarpur businessman of Rs 89.90 lakh by alleging his involvement in a money laundering case, an official said on Saturday. The complainant has lodged an FIR in the Muzaffarpur cyber police station and the matter is under investigation by Bihar Police's cyber cell. Jul 27, 2024
Reserve Bank of India (RBI)

RBI tightens domestic Money Transfer rules, adds new security factors

The Reserve Bank of India (RBI) has tightened rules for domestic money transfers, requiring banks to record the name and address of beneficiaries. Remitting banks must register the remitter with a verified cell phone number and an 'Officially Valid Document (OVD)'. Jul 25, 2024
Union Finance Minister Nirmala Sitharaman, Minister of State in Finance Pankaj Chaudhary and other members of finance ministry leave to present the budget in Parliament

How full Budget 2024 compares with Interim Budget: Explained

The Union Budget 2024-25 focuses on empowering youth, women, farmers, and the poor, with significant allocations for employment and skilling. Fiscal consolidation is strengthened, with a reduced fiscal deficit target and lower planned gross market borrowing. Revised tax slabs and a comprehensive review of the Income Tax Act aim to simplify tax compliance and boost sectors. The budget retains a high allocation for the Ministry of Defence, promoting 'Aatmanirbharta' in Defence technology and manufacturing. Jul 24, 2024
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