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Spike In Aadhaar Payment Frauds Raises Security Concerns; Experts Link It With Demonetisation, Contractual Hiring

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Approximately 29,000 incidents of Aadhaar Enabled Payment System (AePS) fraud have been reported on the National Cyber Crime Reporting Portal, according to Minister of State for Home Affairs, Bandi Sanjay Kumar. He recently shared this information in the Rajya Sabha. investigating agencies and industry experts to uncover the reasons behind these recurring cyber frauds.

The National Cyber Crime Reporting Portal (NCRP) [https://cybercrime.gov.in] was launched in 2020 as part of the Indian Cyber Crime Coordination Centre (I4C). The platform allows the public to report all types of cyber crimes, with a special focus on crimes against women and children. Incidents reported on this portal, their conversion into FIRs, and subsequent actions are handled by the respective State/UT law enforcement agencies according to legal provisions.

Experts believe that AePS-related fraud began to surge following demonetisation. “After 2016, many banks gradually started outsourcing various tasks, including documentation, technology, and even personnel. This led to the hiring of contract employees from outsourced firms. Nowadays, when you visit a bank, you’re likely to see new faces frequently. These contract employees come and go like daily wagers, yet they have full access to the banking system. Their contract jobs come with targets, such as opening 70 bank accounts a month. To meet these goals, they may resort to unethical means, as it directly affects their paychecks. Most of those arrested in connection with cybercrime are contract employees who had access to account holder information,” explained an expert who wished to remain anonymous.

Recently, the Mumbai Police uncovered several cybercrime cases in which the accused turned out to be bank employees who were assisting cybercriminals by creating accounts for illegal transactions. While the masterminds often evade capture, the bank employees end up becoming scapegoats.

N. Shankar, General Secretary of the All India Union Bank Employees Association, commented on the issue of outsourcing. “When the Reserve Bank of India (RBI) approved outsourcing, it issued guidelines covering both material and non-material outsourcing, emphasizing the ‘safety factors’ that banks must prioritize for customer security. The RBI also stressed the need for regular audits of outsourcing companies. If these audits are properly conducted, many potential issues could be identified in time,” he said.

Meanwhile, Mumbai Police officials believe that the banking sector as a whole requires greater scrutiny and stricter regulations to combat the rising cyber frauds. “Banks play a crucial role in enabling cyber fraud. Just as it’s easy to open a bank account, it’s equally easy to misuse the sensitive information of ordinary citizens for serious criminal activities without their knowledge. We have arrested numerous individuals, only to later discover that they had no direct involvement in the crime. The real perpetrators operate from remote locations, far beyond our reach. Protecting citizens from falling victim to these scams is imperative, and the banks must be part of the solution,” said a senior police official.

The minister highlighted the efforts being made under the ‘Citizen Financial Cyber Fraud Reporting and Management System’ (I4C) for the immediate reporting of financial fraud and preventing fraudsters from siphoning funds. He stated that over ₹2,400 crores have been saved across more than 7.6 lakh complaints. Additionally, a toll-free helpline number, 1930, is operational to assist in lodging cyber complaints. To date, over 5.8 lakh SIM cards and 1,08,000 IMEIs have been blocked, based on police reports, by the Government of India.

National News

Mumbai Weather Update March 24, 2026: IMD Issues ‘Heatwave Alert’ For City As Temperatures Touch 36°C; Overall AQI Remains In ‘Poor’ Category

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Mumbai: The city woke up to clear, sunny skies and rising temperatures on Tuesday, March 24, with the India Meteorological Department (IMD) issuing a ‘heatwave’ alert. As daytime temperatures are set to rise sharply, residents are urged to take necessary precautions to protect themselves from the heat. Meanwhile, Mumbai’s air quality has fluctuated over the past 24 hours but has continued to remain in the ‘poor’ category.

According to the IMD, Mumbai is likely to witness temperatures ranging between 22°C and 36°C, indicating a noticeable spike in heat levels. Citizens have been advised to avoid prolonged exposure to direct sunlight, stay well hydrated, and opt for light meals to cope with the increasing heat and humidity.

Morning observations from key weather stations suggested a rise in temperatures compared to the previous day. Colaba recorded 28.6°C, while Santacruz registered 30°C, both reflecting warmer conditions. Neighbouring regions reported even higher temperatures, with Thane touching 38°C and Navi Mumbai recording 36°C.

On the air quality front, Mumbai’s Air Quality Index (AQI) remained largely unchanged over the past 24 hours. As per AQI.in data, the city recorded an overall AQI of 112, placing it in the ‘poor’ category.

Throughout the day yesterday, the AQI levels fluctuated between ‘moderate’ and ‘poor’. The lowest AQI reading of 67 was recorded at 5.30 am this morning, before gradually rising to a high of 124 at 8.00 am.

At a local level, several areas continued to report significantly poor air quality. Subhash Nagar recorded the highest AQI at 263, falling under the ‘unhealthy’ category. This was followed by Govandi West (253), Kannamwar Nagar (250), Rajiv Gandhi Nagar (243), and Savitribai Phule Nagar (233), falling into the ‘Unhealthy’ category.

In contrast, some parts of the city reported relatively better air quality with Gamdevi Station 1 recording the lowest AQI at 25 (Good). Green Hills recorded an AQI of 47, also falling into the ‘good’ category. Other areas such as Mulgoan (58), Worli (72), and Malad (73) remained ‘moderate’ range.

As per standard air quality classifications, AQI values between 0 and 50 are considered ‘good’, 51 to 100 ‘moderate’, 101 to 200 ‘poor’, 201 to 300 ‘unhealthy’ and levels above 300 are classified as ‘severe’ or ‘hazardous’.

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Crime

Goa: Son of BJP councillor arrested in sexual abuse case involving 25-30 minor girls

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Panaji, March 23: The South Goa Police arrested 20-year-old Soham Sushant Naik in the wee hours of Monday following an intense public outcry over an alleged sex scandal involving 25 to 30 minor girls. Naik, a resident of Madegal-Cacora and the son of a BJP Curchorem Municipal councillor, was taken into custody after a mob of concerned citizens and local leaders picketed the police station.

The investigation suggests a disturbing pattern of abuse spanning the last three years. According to preliminary reports, the BJP corporator’s son allegedly engaged in sexual relations with numerous minors, filming the encounters and subsequently using the footage to threaten the victims into silence.

The scandal came to light last week after Soham Sushant Naik allegedly boasted about his actions during a social gathering, showing explicit videos of the victims to his associates. As rumours of the sexual abuse recordings spread through South Goa, local tension reached a boiling point.

However, before this, the case was being discussed in South Goa for the last few days. Local citizens gathered at the Kudchade police station on Sunday night seeking action as the case was linked to a local BJP corporator. Finally, the police took the corporator’s son Soham Naik into custody.

The action came after the accused showed some videos to his friends at a drinking party last week. This led to the revelation of the years of alleged sexual abuse of minors by the BJP leader’s son.

On Sunday, Curchorem residents had marched to the police station demanding a fair probe into the alleged sex-racket videos involving minors.

The protestors had warned of a bandh if police failed to act immediately and arrest the accused within 48 hours. The residents had also demanded that the police register a suo motu FIR in the case rather than wait for victims to come forward.

State Congress president Amit Patkar demanded that the government step in, take suo motu cognisance, and order a prompt, impartial, and time-bound enquiry into the horrific case.

The South Goa Police are currently investigating the digital evidence and determining the full scale of the exploitation of the minor girls by Soham Sushant Naik.

Soham Sushant Naik remains in custody as forensic teams work to recover the alleged videos used for blackmailing the minor girls.

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Business

Over 40 oil and gas infra assets damaged in West Asia war: Top IEA official

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New Delhi, March 23: Over 40 energy assets across nine countries in West Asia have been “severely or very severely” damaged due to the Iran war and no country would be immune to the fallout of the disruption in oil and gas supplies, International Energy Agency (IEA) Executive Director Fatih Birol said in Canberra on Monday.

“The effect of the current disruptions in West Asia is equivalent to the two major oil crises in the 1970s and the 2022 natural gas crisis after Russia invaded Ukraine all put together,” Birol remarked.

Addressing journalists at the Australia’s National Press Club, he said that while the oil crises of the 1970s led to a combined loss of around 10 million barrels per day, the present situation has already resulted in a loss of approximately 11 million barrels per day.

“Not only oil and gas, but some of the vital arteries of the global economy — such as petrochemicals, fertilisers, sulphur and helium — their trade is all interrupted, which will have serious consequences for the global economy,” Birol explained.

The IEA announced in early March that it would release a record 400 million barrels from its emergency oil reserves of its member countries to help ease supply shocks and bring down soaring prices in the aftermath of the war in West Asia.

“The IEA is currently in discussions with governments across Asia and Europe regarding the possible release of additional oil if necessary,” media reports cited Birol as saying.

However, with shipping across the Strait of Hormuz close to a complete standstill due to the war, the only true solution to fuel supply disruptions is the reopening of the major trade route, he pointed out.

He further warned that the global economy faces a ’major threat’ if the crisis continues to escalate.

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