The Centre has used its powers given under sub-section (2) of Section 24 of the RTI Act to exempt CERT-In from the purview of the transparency law. Using those powers, the Centre has included CERT-In at serial number 27 in the Second Schedule of the RTI Act.
The proposed mechanism will ensure that such suspected transactions are flagged immediately, giving intelligence agencies enough time to take swift action, said people aware of the development. "This is being actively pursued," an official said on condition of anonymity, adding that counterparty transactions help investigating agencies track frauds, siphoning off of funds and other such illegal activities in accounts under the radar.
Question: Some public sector banks in India have suffered because of scams committed where no recovery has been made so far. Have any lessons been learnt ..
India News: Similar to the DigiYatra for domestic travellers, a select category of preapproved Indians can now zip through the international arrivals at the US a