September 25, 2022

This scheme is the biggest initiative of the government so far to save people from banking fraud

Union Telecom and IT Minister Ashwini Baiswan said that the new Telecom Bill 2022 has made many provisions to save the common man from banking frauds.

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The central government is making extensive preparations to avoid major banking and cyber frauds in the coming days. For this many types of laws are being changed. Union Telecom and IT Minister Ashwini Baiswan said that the new Telecom Bill 2022 has made many provisions to save the common man from banking frauds.

Ashwini Vaishnav said, usually when someone calls, we don’t know who is calling. In the coming days, the central government is asking telecom companies to introduce a system to know who is calling you. Currently, such information is available through various types of apps, but this alternative system will be made official in the coming days.

Changes in KYC rules

Know Your Customer or KYC in English is a system where everyone has to provide information about his account to the service provider. KYC process is being strengthened. Strict legal action will be taken against anyone providing any misleading or wrong information.

Severe punishment for cheating

Ashwini Vaishnav said there are places in the country that have become notorious for banking fraud. For this the chain of the whole system has to be broken. The new telecom bill will go a long way to break that chain. Strict action will be taken if anyone is caught with such fraud. Currently, the punishment for anyone caught under the Cyber ​​Act is only three years. There is a provision for further enhancement of this penalty.

Social media sites are also under siege

Ashwini Baiswan said that apps like Facebook, WhatsApp and Telegram will also be part of the new Telecommunication Bill 2022. OTT platforms will also come under the regulator. He said that there is continuity in this regard.

What will the licensing process be like?

Ashwini Vaishnan said the process of applying for license for telecom services, registration for telecom infrastructure, approval for wireless equipment and (bidding) process for spectrum has to be followed.

One job instead of three

Ashwani Vaishnav said the draft Indian Telecom Bill 2022 would replace the now outdated Indian Telegraph Act 1885, the Wireless Telegraph Act and the Telegraph Act. The new draft bill has been uploaded on the website for public opinion, after all the technical process, it will be passed by the Parliament next year.

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