QR code frauds in India doubled to nearly 40,000 in 2023-24, with losses tripling to Rs 56.34 crore. As of September 2024, over 18,000 cases involving Rs 22.22 crore have already been reported. The government, RBI, and NPCI are implementing preventative measures like device binding and awareness campaigns to combat these rising frauds.
IRDAI clears investments in private companies, eases infrastructure funding norms
IRDAI has expanded insurers’ investment options by permitting investments in private limited companies, infrastructure SPV debt and repo, reverse repo and government securities lending transactions.
August 1, 2026