Government and RBI are considering a ‘cooling off facility’ to block funds received in bank accounts to combat online frauds. This measure targets mule accounts used in digital payment frauds. Multiple ministries and banks are collaborating to strengthen verification and prevent misuse, making it a top priority for bank CEOs to address this growing issue.
The Aam Aadmi Party criticized the BJP-led central government for imposing GST on research grants, describing it as “tax terrorism”. They called for its withdrawal, […]
