Author: BharatSpeaks
By Satyendra Sharma & Triveni Singh RBI has issued a circular dated 06-July-2017 on “Customer Protection– Limiting Liability of Customers in Unauthorised Electronic Banking Transactions” which states the liability of customer The electronic banking transactions can be divided into two categories: Remote/ online payment transactions (transactions that do not require physical payment instruments to be presented at the point of transactions e.g. internet banking, mobile banking, card not present (CNP) transactions), Pre-paid Payment Instruments (PPI). Face-to-face/ proximity payment transactions (transactions which require the physical payment instrument such as a card or mobile phone to be present at the point of…
By Satyendra Sharma and Prof. Triveni Singh, IPS At present, cyber security is the biggest concern around the globe because of fastest-growing internet technology in day to day life. The information on each and every sector is accessible on the web. Online data communication, interaction over social media, online shopping, online banking, online bill payment etc. are becoming our necessities and internet is must for these activities. Consequently, by fraudulent activities criminals are committing cyber crime easily instead of physical crime. With the use of Internet, cyber crime in banking sector is rising day by day. The main reason behind…
By Sanjay Sahay The ushering in of democracy has been at the end of a long drawn and arduous battle, when the Bill of Rights was enacted in 1689. The journey henceforth has also been very checkered in different countries and finally we have different variants of it. More than the variants, the main question in how we practice it. Do we confirm to strict tenets in word and spirit or use the law book depending on our convenience and context, to provide different meanings to the words enshrined. Nonetheless, democracy stands tall amongst all forms for governance and countries…
By Sanjay Sahay In the political scheme of things, governance is at the lowest end if it ever makes to the list. The general political perception is that if everything runs politically fine, governance is bound to happen. Nothing can be farther from the truth. Even the most stable, strong and politically numerically strong governments have barely delivered from the governance point of view. Some governments showing sparks of the governance have also been delivered to the woods, is a reality. Governance did not click politically. That barely any government has been able to make a marked difference to our…
Mumbai: Owing to a no-network in his mobile phone, Mumbai-based businessman lost Rs 2 crore from his bank account in October 2020. Hackers cloned his SIM by getting his original SIM blocked. Know how cybercriminals are siphoning off money from people’s bank accounts just by creating a clone of your mobile SIM. https://www.youtube.com/watch?v=P5LRZ9fJk7E
New Delhi: The second phase of Exercise Malabar 2020 will be conducted in the Northern Arabian Sea from November 17 to 20. Taking forward the synergy achieved in the recently concluded Phase 1 of Exercise Malabar 2020, which was conducted in the Bay of Bengal from November 3-6, this phase will involve coordinated operations of increasing complexity between the navies of Australia, India, Japan and the United States. Phase 2 of Exercise MALABAR 2020 will witness joint operations, centered around the Vikramaditya Carrier Battle Group of the Indian Navy and Nimitz Carrier Strike Group of the US Navy. The two…