Supreme Court Mandates Standard Operating Procedures and e-Zero FIRs to Mitigate Digital Arrest Frauds
The Reserve Bank of India was directed to formulate a standardized SOP within 4 weeks to identify, freeze, and manage bank mule accounts nationwide.
Law enforcement authorities across States and UTs must establish Cyber Fraud Grievance Redressal and Money Restoration modules, alongside e-Zero FIR systems.
An Inter-Departmental Committee is assigned to formulate victim compensation rules and shared liability terms for financial institutions.
Exam Significance: Addresses evolving cybersecurity jurisprudence and regulatory frameworks targeting financial cybercrimes in India.
Key Facts / Static GK
Practice Quiz — 7 August 2026
Q1. What was the total transaction value processed by UPI in July 2026?
Q2. What is the mandatory Compressed Biogas (CBG) blending target for City Gas Distribution entities for FY 2026–27 under the GOBARdhan scheme?
Q3. Which division within NITI Aayog formulated the report titled 'Reimagining Care: Strategies for Empowering Caregivers in Viksit Bharat@2047'?
Q4. How much Central Assistance was released to Uttar Pradesh between FY 2019-20 and FY 2025-26 under the SC/ST atrocity prevention scheme?
Q5. Which of the following statements regarding the Global Biofuel Champion Fellowship (GBCF) is correct?
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