Financial Fraud Risk Indicator

Launch of Financial Fraud Risk Indicator by DoT

Official Press

Official Press

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The Department of Telecommunications (DoT) has introduced the Financial Fraud Risk Indicator (FRI), a metric that categorizes mobile numbers based on their risk of financial fraud. This tool aids banks, Non-Banking Financial Companies (NBFCs), and UPI service providers in prioritizing customer protection measures. The Reserve Bank of India (RBI) has advised financial institutions to integrate FRI into their systems, leading to significant actions against fraudulent accounts. The initiative is part of the Digital Intelligence Unit (DIU) project, which has a budget of Rs 228.16 crore over five years.

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APEDA Launches First Sea Shipment of Botanical-Infused Millet Foods to New Zealand

The Agricultural and Processed Food Products Export Development Authority (APEDA) facilitated the maiden sea shipment of botanical-infused, ready-to-cook millet functional foods from Karnataka to New Zealand. This milestone underscores the expanding opportunities for India's millet-based agricultural exports, bolstered by participation in APEDA-supported international trade fairs. Source: Original Link