TRAI in India reveals that they are set to launch new regulations aimed at improving the security of communication through digital means that will start from 1. These changes are aimed to increase the readability of the trade communications such as the one-time passwords(OTP),to safeguard against, fraud and scams. For this reason, users may experience the generation of ONE TIME PASSWORDS required for banking, bookings, and other verifications processes.
These measures notwithstanding, they point to TRAI’s long term agenda of creating a safer cyberspace for internet users.
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New regulation for Telecom Regulatory Authority of India (TRAI) has compelled the telecom operators including Jio, Airtel, Vi and BSNL, to keep a strict eye on the source of all the commercial messages as the regulation was first issued in August. This initiative is relevant to the increased occurrence of cyber fraud cases where fraudsters provide fake OTPs to users while in the process of gathering sensitive information from them or while they accidentally permit the fraudster physical or digital access to their gadgets.
The losses arising from the scams have also been elaborated and have cost the world a lot, as a result, this has forced TRAI to act. In the beginning, telecom companies were provided a deadline of October 31 for adhering to these guidelines; however, they were provided an alibi till November 31, to enable them to properly align their systems for the envisaged changes.
However, in preparation for the changes there are some perspectives worth mentioning As it is known, the government also has plans to stimulate the development of 5G by January 1, 2025. An important element of this strategy is also the new unified RoW rules designed to simplify the processes of telecommunications infrastructure deployment across the territory of the country.
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Currently, the different RoW regulations in different states cause the varied fees and delay; however, the new framework aims at reducing these problems and cutting costs to make deployment faster. This program is likely to enhance digital infrastructure in India” ‘The policy will enhance the readiness of 5G for massive adoption and usher in gains for consumers and businesses alike”.
TRAI’s new regulation
For this purpose, the telecom regulatory authority of India (TRAI) has asked telecom companies to allow message traceability in a bid to mitigate unnecessary OTPs which can grant hackers access to a person’s device and resulting to massive losses. The compliance deadline of the said directive is November 30, 2024. This regulation is aimed at forcing telecom companies to lay out plans to intercept all the messages. Originally the deadline was set by TRAI to October 31, 2006; it further got postponed to November 30, 2006, due to pressures from the service operators. If companies do not respond, then, customers may cease to receive OTPs or they are likely to receive them much later.
The push for these changes in regulations comes from the imminent issue of increased OTP scams which have resulted in significant financial loss. In an effort to address the issue of scams popular to the digital transactions convenience, TRAI has sought to tighten measures on the origin of the commercial communications. This change has highlighted that the regulator is active about protecting consumer interests vis-a-vis shifting cyber risks.
In the same light, the new traceability measures which have been put in place in addition to the expected enhancements of the 5G would further demonstrate the India’s transformation in strengthening of its digital platform and safety in the nearest future. Amid such transformations, the emphasis is on consumer safety and the creation of suitable conditions for the development of technology. The effectiveness of such initiatives will reign from the synergy of telecom suppliers, government and the users which will be a great leap in a digitally transformed India.
Maldives increasing its departure fees
Maldives one of the most preferred tourist destination is increasing the fees tourists are charged in the archipelagic country. Additional charges to trad e for economy-class passengers will be increased from $30 (Rs 2,532) to $50 (Rs 4,220) and from $60 (Rs 5,-064) to $120 (Rs 10,129) for business-class passengers. It will be implemented across all classes with first-class travellers required to part with $240 (Rs 20,257), up from $90 (Rs 7,597) before and private jet customers who will have to pay $480 (Rs 40,515) up from $120 (Rs 10,129).
Gas cylinder price in India
This is usually witnessed every first of the month because oil marketing companies adjust the price of LPG cylinders. In the same month, the gas companies increased the price of the commercial 19kg LPG cylinder by ₹ 48 while the prices of the domestic gas cylinders were left unannounced.
Credit card changes in India
Starting December 1, YES Bank will limit the amount of reward points that can be used to book flights and hotels. The Regalia credit card is also receiving changes for the lounge access rights of its users at HDFC Bank. The new regulation means its users will have to transact ₹ 1 lakh for every quarter to qualify for free access to lounges from December 1 onwards. Likewise, State Bank of India and Axis Bank have too changed the provisions affecting reward points for their cards and credit cards charges for its various card holders.
