India should double, its global exports share, Modi
New Delhi, June 22: Prime Minister Narendra Modi on Friday called for India to more than double its share in global exports from the current 1.6 per cent to 3.4 per cent.
Speaking after laying the foundation stone of Vanijya Bhawan, a new office complex for the Department of Commerce, here, he said the Department must resolve to raise India's share in total global exports to at least 3.4 per cent and the states must be made active partners in the effort, the Prime Minister's Office said in a statement.
Besides, efforts must be made to raise domestic manufacturing output to reduce imports, said Modi, citing the example of electronics manufacturing. He also said that the Union government has taken a number of steps to boost domestic manufacturing.
Listing various macro-economic parameters and other indicators to explain how India is playing an important role in the global economy, Modi said the country is now among the top five fin-tech countries globally.
He said the government has made great progress in making the country investment-friendly. Subjects such as "Ease of Trading" and "Ease of Doing Business" are all related to "Ease of Living" in an interconnected world, he said.
Noting that the building will be completed before December 2019, he hoped the new office, which will be a completely networked and paperless and equipped with smart access control, will further facilitate elimination of silos in India's commerce sector.
Commerce and Industry Minister Suresh Prabhu tweeted: "Happy that PM Narendra Modiji has laid the foundation stone to Vanijya Bhawan. Once completed, the building will be a modern, eco-friendly structure with its entire roof used for solar power generation, zero waste discharge, offering universal accessibility."
The Bhawan will comprise the Minister's room, 85 cabins for senior officers, 19 meeting rooms with seating capacities ranging from 10 to 100, library and more than 1,000 workstations.
Modi also said the land on which the building is being constructed was earlier occupied by Directorate General of Supplies and Disposal. This is replaced by the Government e-Marketplace (GeM), which has seen transactions worth Rs 8,700 crore in a short time.
He urged the Department of Commerce to work towards further expansion of GeM and leverage it for the benefit of the country's MSME sector.
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Bank account in Ramgarh tracked for fraudulent fund transactions across 24 states, 4 arrested
Ramgarh (Jharkhand) (PTI): Jharkhand police on Thursday said it has unearthed a network of interstate cyber frauds and arrested four miscreants for fraudulent transactions through a bank account in Ramgarh district after complaints of 274 suspected transactions in 24 states.
The states where complaints for fraudulent transactions were registered included Maharashtra, Karnataka, West Bengal, Uttar Pradesh, Telangana, Tamil Nadu, Kerala and Andhra Pradesh.
The action followed inputs received through 'Samanvaya portal', a centralised, web-based platform launched by the Union Home Ministry to curb cybercrime.
"We arrested four cyber miscreants after a current account with Kuju (Ramgarh) branch of the State Bank of India was found to have registered suspected financial transactions in 24 states with the help of the Pratibimba portal of the Home Ministry through the Samanvaya portal," Ramgarh Superintendent of Police Mukesh Kumar Lunayat said.
During the probe, police found that the account was opened under the MSME Udyam Registration scheme in the name of Shree Ganesh Enterprises, he said.
The account had been linked to as many as 274 complaints from different states related to cyber fraud and illegal fund transfers.
The registered proprietors of the enterprise were identified as Rahul Gupta (37), Ravi Kumar Verma (34), and Ajay Sharma (33), all residents of Ramgarh district, a statement from the Ramgarh police said.
During interrogation, Rahul Gupta and Ravi Kumar Verma revealed that they had opened multiple current accounts at the behest of Ritesh Agrawal alias Munna (40) and Sonu Kumar Jha (34).
They admitted receiving Rs 1.2 lakh in exchange for facilitating the opening of these accounts.
"The accused further confessed to sharing OTPs, activating mobile banking services, and handing over control of the accounts to the main operators through WhatsApp and Telegram groups. These accounts were then allegedly used to route fraudulent transactions.
Police said mobile data analysis of the accused led to the recovery of crucial digital evidence, including details of SIM cards, bank accounts, passbooks, ATM cards, QR code scanners, Aadhaar cards, and PAN cards shared through messaging platforms.
A total of four accused have been arrested so far and sent to judicial custody.
A case has been registered at the Cyber Crime Police Station under relevant sections of the Bharatiya Nyaya Sanhita (BNS) 2023 and Sections 66C and 66D of the Information Technology Act, 2000.
Further investigation is underway, the police said.
