‘Pure Concern-Mongering’: Centre Hits Again After Congress Alleges Surge In Digital Fraud
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The Modi authorities has touted UPI as a serious achievement, however Congress claims digitisation led to Rs 6.36 lakh crore in fraud
The Congress has renewed its assault on the Centre and alleged that digitisation has robbed individuals of their hard-earned cash. (Picture for illustration: News18)
Digitisation or UPI is among the greatest achievements of the Narendra Modi-led authorities and it has left its footprint on virtually each a part of the nation. Not solely this, it has impressed many world leaders, who on a number of events, have used it whereas in India or have really helpful its use again dwelling like in Germany or Japan.
However the Congress has now renewed its assault on the central authorities and alleged that digitisation has robbed individuals of their hard-earned cash. In accordance with the celebration, 1,25,828 circumstances of digital fraud have been registered with a complete lack of Rs 6.36 lakh crore.
Authorities sources, nevertheless, strongly rejected this declare. They stated the Congress is deceptive individuals by throwing across the determine of Rs 6.36 lakh crore.
“That is pure fear-mongering and creating doubt in regards to the energy of the banking sector,” they stated.
The sources stated there’s a distinction between banking fraud and digital fraud. Fraud associated to card/web digital funds is just one particular subset inside a bigger sort of fraud. Authorities figures present that whereas whole digital cost fraud accrued to 63,315 circumstances, the extent of economic loss due to this was about Rs 733 crore.
The sources additional stated the Congress had inflated the figures to create a panic, which might in the end have an effect on each the banking sector, which has witnessed development and likewise on using UPI that has ensured larger monetary transparency and curbing of black cash.
In truth, they identified that there are a number of steps being taken by the finance ministry to make sure financial institution and digital fraud is curtailed. For instance, the Reserve Financial institution of India has arrange the central fraud registry for the aim.
Not solely this, the finance ministry additionally works in shut coordination with the house ministry to make sure cyber crime is checked. As per information obtainable in Parliament document, digital fraud has dipped — from 29,082 circumstances in 2023-2024 to 13,384 circumstances in 2024-2025. Losses have come down from Rs 177 crore to Rs 107 crore in the identical interval. The Congress is spreading pretend information, which must be countered, the sources added.
Pallavi Ghosh has lined politics and Parliament for 15 years, and has reported extensively on Congress, UPA-I and UPA-II, and has now included the Finance Ministry and Niti Aayog in her reportage. She has als…Learn Extra
Pallavi Ghosh has lined politics and Parliament for 15 years, and has reported extensively on Congress, UPA-I and UPA-II, and has now included the Finance Ministry and Niti Aayog in her reportage. She has als… Learn Extra
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