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Soon all banks ATM networks will offer cardless cash withdrawals: RBI

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The Reserve Bank of India agreed on Friday to allow all banks to adopt card-less cash withdrawals through ATMs to combat fraud.

Currently, cardless cash withdrawals using ATMs are an allowed mode of transaction offered on an ‘on-us’ basis by a few banks in the country (for their customers at their ATMs).

“It is now suggested to use the UPI to make card-less cash withdrawals available across all banks and ATM networks. The elimination of the necessity for a real card for such transactions would help avoid frauds such as card skimming, card cloning, and so on, in addition to making transactions easier “While introducing the bi-monthly monetary policy review, RBI Governor Shaktikanta Das stated.

Customers would be able to authorize transactions using the Unified Payments Interface (UPI), with settlement taking place through ATM networks, according to a statement on Developmental and Regulatory Policies.

Separate instructions would be sent to NPCI, ATM networks, and banks shortly, according to the statement.

Das described the Bharat Bill Payment System (BBPS) as an interoperable bill payment network that has experienced a growth in the number of bill payments and billers over time.

It is proposed to reduce the net worth requirement of non-bank Bharat Bill Payment Operating Units from Rs 100 crore to Rs 25 crore to facilitate greater bill payment penetration through the BBPS and to encourage the participation of a greater number of non-bank Bharat Bill Payment Operating Units in the BBPS.

The essential regulatory changes will be implemented as soon as possible.

Under the BBPS, there are a variety of benefits available.

A standardized billing experience, a centralized customer grievance resolution process, a mandated customer convenience charge, and other perks are available to BBPS users.

BBPS is an interoperable bill payment platform that serves all types of billers who send out recurring bills.

The number of non-bank Bharat Bill Payment Operating Units has not increased in lockstep (BBPOUs).

Maintaining the safety and security of payment systems is a crucial priority of the RBI, according to the statement, because they play a catalytic role in encouraging financial inclusion and fostering financial stability.

It is critical to guarantee that payment system infrastructures are not only efficient and effective but also resilient to traditional and emerging risks, particularly those related to cyber security, as the use of digital payment modalities grows.

“It is recommended to establish guidelines on Cyber Resilience and Payment Security Controls for Payment System Operators to ensure that our payment systems remain resilient to traditional and emerging risks, particularly those connected to cyber security,” he stated.

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Navi Mumbai Police Arrest African National With Rs 1 Crore Worth Of Cocaine In Ulwe

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The Anti-Human Trafficking Unit (AHTU) of Navi Mumbai Police arrested Jeorge Ocante DaSilva, a 35-year-old native of Guinea, on Monday for possessing 410 grams of cocaine, allegedly intended for illegal sale. Acting on a tip-off, API Alka Patil of the AHTU led a raid at RM Heights Building in Ulwe, where DaSilva was found in possession of the narcotics.

Around 2:30 p.m. on October 28, officers discovered 410 grams of cocaine, valued at approximately Rs 1,02,50,000, hidden in DaSilva’s bedroom. Authorities also seized a mobile phone, a black Tabata weighing scale, scissors, plastic packaging bags, and a sky bag, bringing the total seizure value to Rs 1,02,55,610.

An FIR was filed at Panvel City Police Station under Sections 8(a) and 21(a) of the Narcotic Drugs and Psychotropic Substances (NDPS) Act. Dasilva was presented in court and remanded to police custody until October 31, 2024. Investigations are ongoing, with the Crime Branch seeking potential accomplices and sources of the narcotics. Notably, Dasilva has a prior NDPS case registered at Nahar Police Station in Mumbai.

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Taloja Society Chairman Detained For Allegedly Abusing Residents And Objecting To Diwali Decorations

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The chairman of a housing society in Taloja Phase One has been detained by Taloja police following allegations of verbal abuse toward residents, including women, and objections to Diwali lighting in the complex. The incident occurred on Tuesday night, sparking outrage among residents.

According to the police, the chairman is accused of abusing a woman with intent to insult her modesty, provoking a breach of peace, and engaging in criminal intimidation. A formal complaint was filed, and the chairman was promptly taken into custody.

The situation intensified after a video of the incident went viral on social media platform X (formerly Twitter), showing a group of men, allegedly from the housing society, verbally abusing residents and threatening to halt Diwali decorations. The video received widespread attention, with users expressing shock over the treatment of residents.

Police officials confirmed that the chairman’s detention is part of an ongoing investigation into the incident. Residents are awaiting further action as authorities work to address the disturbance and ensure the safety of the community amid Diwali festivities.

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Thane Sees Surge of Nomination Filings for 2024 Vidhan Sabha Election

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The final day for filing nominations for the 2024 Vidhan Sabha General Election witnessed a surge of candidates in Thane district, with a total of 281 applications submitted across 18 assembly constituencies. This high turnout signals a competitive race for seats in the upcoming election.

Among the nominees, 114 candidates represent various political parties, while 167 have filed as independents, reflecting a diverse array of participants aiming to represent Thane’s voters. Nominations were filed throughout the day with election decision officers at each constituency, marking an essential step in the electoral process.

Collector and District Election Decision Officer Ashok Shingare announced that the scrutiny of these nomination forms is scheduled for October 30, 2024. Following this verification process, candidates who wish to withdraw their names from the race may do so until November 4, 2024.

As the election date approaches, Thane’s political landscape appears more dynamic than ever, with a record number of candidates ready to contest the assembly seats, making for an engaging electoral season for voters and candidates alike.

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