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RBI Introducing DIGITA To Halt Illegal Loan Apps

The Reserve Bank of India (RBI) is addressing the surge in illegal loan-giving apps and cyber fraud by proposing DIGITA, a Digital India Trust Agency. DIGITA aims to verify and maintain a public register of authorized digital lending apps, deterring unauthorized ones.

It will investigate and enhance transparency and accountability in online financial transactions, bolstering security. Once established, DIGITA could effectively combat recent fraudulent activities, safeguarding consumersโ€™ finances.

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Sheikh Hasina Criticizes โ€˜Boycott Indiaโ€™ Advocates, Suggests Burning Saris

Zaina Afzal Kutty

Opposition figures in Bangladesh attempted to fuel anti-India sentiments, especially after Sheikh Hasina secured her fourth consecutive term, given her close ties with India. Prime Minister Hasina, who had remained quiet for months, unleashed a scathing attack on the opposition for their โ€œBoycott Indiaโ€ movement, utilizing the symbol of saris to counter their allegations.

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