RBI Updates Fraud Prevention Measures for Digital Transactions

The Reserve Bank of India (RBI) has updated its framework to limit customer liability in unauthorized electronic banking transactions, first established in 2017. With advancements in technology, the RBI has introduced new directives, including a compensation mechanism for small-value fraudulent transactions and advanced AI tools for identifying mule accounts and preventing cyber fraud. These measures, currently open for public consultation, aim to bolster security in India's digital payments ecosystem, which continuously grows in complexity and sophistication.

Source: Original Link

Read more

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