Lok Sabha Elections 2024: Chief Election Commissioner (CEC) Rajiv Kumar said banks would look if there has been increase in the demand of cash in the chests.
Lok Sabha election date has been announced, Chief Election Commissioner (CEC) Rajeev Kumar has unveiled measures aimed at curbing free distribution. Kumar highlighted that banks will closely monitor cash demand in their chests to prevent such activities. “Banks will provide daily reports on suspicious transactions they encounter,” he stressed.
Rajeev Kumar, at a press conference on Saturday to unveil the schedule for Lok Sabha elections 2024, said, “NPCI (National Payments Corporation of India) will examine the growth in demand for payments through digital wallets. We will verify all transactions. Made through wallets.”
In response to the Election Commission’s (EC) directive, the Department of Financial Services sent a letter to the Karnataka State Level Bankers’ Committee (SLBC) on April 13, 2023. In the letter, the department highlighted the potential misuse of electronic payment methods to influence voters or fund election candidates. The Election Commission of India has expressed concern over the matter and advised the department to take necessary action.
A source in the Election Commission (EC) revealed that apart from the Karnataka elections, the recent by-elections also saw relatively suspicious transactions. The source also said that similar instructions have been issued to banks in other states in preparation for the upcoming Lok Sabha elections.
“On February 24, Kumar stressed vigilance of banks in monitoring accounts involved in fund transfers to multiple wallets. He mentioned the involvement of the National Payments Corporation of India Limited in monitoring wallet transactions. Further, he assured that steps have been taken to track. Individuals’ new mode of money transfer. trying.”
The rise in UPI transactions in recent years has raised concerns about potential exploitation of digital wallets to influence voters. UPI transactions have grown substantially, rising from Rs 21.31 lakh crore in 2019-2020 to over Rs 143 lakh crore by December 31, 2023, according to data provided by the finance ministry in response to a question in Parliament on February 5. The significant growth indicates increasing reliance on digital payment platforms.https://technicalsofi.com/web-stories/deadly-tornado-outbreak-ravages-tennessee-claiming-six-lives/
Lok Sabha election 2024
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