Officials have confirmed that India has experienced a noteworthy upsurge in cases of cyber fraud and an increase in phishing attacks, financial frauds, mail-spams and ransomware attacks during the Covid-19 lockdown.
Unfriendly clauses in business laws have grown drastically in recent times. If India has to go up World Bank’s Ease of Doing Business Index, there should be a master document citing all compliance obligations for each product.
The unwarranted rush in increasing the tenure to five years by resorting to the ordinance route has dismayed many as investigative agencies are often being used by governments to further their interests.
To guide state-owned banks in taking accountability for non-performing assets, the finance ministry recently published a new set of standards and issued the “Staff Accountability Framework for NPA Accounts up to Rs 50 crore (other than fraud cases)”.