National
India needs digital payment laws to tackle e-frauds: CMAI
President of (CMAI) NK Goyal
New Delhi: As digital payments go up post-demonetisation, the country needs separate digital payment laws and digital payment courts should be established across India along with an appropriate legal framework, the CMAI Association of India (CMAI) said on Wednesday.
“All cases of money lost in digital payments may not fall in the category of cyber thefts or breaches. With proliferation of digital payments across India in big and small towns, there may be widespread cases of small amounts here and there throughout the country. There is also need for legal framework for data storage and data protection,” said NK Goyal, President CMAI, during an event here.
The telecom industry body also urged the government to promote domestic manufacturing of Point of Sale (PoS) machines and its software development under the “Make in India” initiative. Digital payments have gone up 300 per cent since demonetisation, creating a need to add 20 lakh more PoS machines to the existing 15 lakh machines.
“When millions of people are joining digital payments movement daily, safety of data remains paramount which can be ensured only by pushing indigenous manufacturing of PoS machines. We cannot depend on foreign manufacturers if we want to make our economy cashless and all digital economy should also add to Make in India,” Goyal explained.
“Majority of PoS machines are currently imported primarily from the US, Europe and China and, therefore, data security remains a big challenge,” Goyal added. CMAI also suggested mandatory cyber audit by Reserve Bank of India or Cyber Command Group at regular intervals.
The telecom industry body called for an appropriate and robust mechanism to report losses and recovery of money lost, theft or frauds in digital payments and requested for an institutionalised policy for redressal of complaints of citizens with regard to digital payments. According to the CMAI, an immediate action plan for the projected five lakh cyber experts was needed as per the cyber policy.
Lucknow: Vishal Singh, a renowned social worker from Lucknow, also known as Foodman, has once again made India proud. He was honored by the Happy Hands Gloves Cooperative Limited Company in Korathai, Thailand, for his work with the Hunger Free World Mission.
The Hunger Free World Mission’s meeting was held in Korathai, Thailand, under Vishal Singh’s leadership. Representatives from several countries, including Mr. Raja Dwivedi (Managing Director of Happy Hands Gloves Limited), Thailand Coordinator Mr. Raja Mishra, and member Mr. Varun Singh, attended the event.
Under Vishal Singh’s leadership, the attendees took a pledge to work together toward creating a hunger-free world.
Speaking on the occasion, Vishal Singh explained that the main goal of the Hunger Free World Mission is social participation. He said the mission is not just about feeding people but also about meeting other basic needs of those who are struggling. The mission focuses on helping families of terminally ill patients in hospitals by providing food and shelter. It also works to fulfill essential needs like education, jobs, and care for the elderly.
For the last 16 years, the Vijay Sri Foundation has been providing free services, benefiting thousands of people. Vishal Singh highlighted that the mission aims to gain global recognition like other organizations such as WHO, WWF, and Red Cross, which work for social causes.
During this meeting, Vishal Singh was appointed as the Chairman of the Hunger Free World Mission by representatives from various countries. They also discussed holding regular meetings in different countries to push the mission forward.
Business tycoon Dr. Abhishek Verma has also supported this humanitarian mission, vowing to promote the idea of “Seva Parmo Dharma” (Service is the highest duty) worldwide. Vishal Singh praised him, stating that people like Dr .Abhishek Verma inspire others to work for the betterment of society.
Recently, Romania’s Ambassador, Mr . Daniela Sezonov Ţane, invited Vishal Singh to the Romanian Embassy in Delhi, where they discussed the mission in detail. Impressed by his humanitarian work, she honored Vishal Singh and invited him to Romania to take the mission forward .
Food man Vishal Singh has been serving the people of India for the past 16 years. Through the Vijay Sri Foundation, he provides free meals to cancer patients & their families ,shelter, and education for women & children along with running free old-age homes in Lucknow.
In addition to his humanitarian work, Vishal Singh also addresses issues like crime and corruption through his role as Chairman of Seva Path Media and Managing Director of Vijay Sri Foundation.
During the COVID-19 pandemic, Vishal Singh and his team worked tirelessly to provide food and help to the needy, including starving children, elderly citizens, and pregnant women. Despite contracting the virus himself, he continued to assist others after his recovery. He even created a life-saving oxygen regulator using household items, which was praised by doctors both in India and abroad.
In his address at the meeting, Vishal Singh spoke about his mission to create a hunger-free world. He pointed out that India’s large population, along with issues like unemployment and poverty, has caused the country to fall on the Hunger Index. He urged people to contribute just one handful of grains daily to help create a hunger-free world.
He concluded by saying that through social participation, we can empower the people around us, meet their basic needs, and work together to build a stronger, more prosperous, and developed society.
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