Srinagar Loksabha Constituency Profile, 29 April cover story

Srinagar Loksabha Constituency Profile
News Kashmir Analysis
Srinagar City is the soul of Jammu and Kashmir and one of the ancient cities of India.
The Prestigious Srinagar Lok Sabha constituency is one of the five Lok Sabha (parliamentary) constituencies in the Srinagar district of Jammu and Kashmir, India.
After Delimitation exercise new Assembly constituencies have been added and some deleted. The Srinagar Loksabha Constituency now looks like this .
AC No. AC Name District
17 Kangan (ST) Ganderbal
18 Ganderbal
19 Hazratbal Srinagar
20 Khanyar
21 Habba Kadal
22 Lal Chowk
23 Channapora
24 Zadibal
25 Eidgah
26 Central Shalteng
29 Khan Sahib Budgam
30 Chrar-i-Sharief
31 Chadoora
32 Pampore Pulwama
33 Tral
34 Pulwama
35 Rajpora
36 Zainapora Shopian.
As a matter of fact, On the last date of filing of nomination papers for the General Lok Sabha Elections-2024 from Srinagar Parliamentary Constituency, 22 candidates filed their nomination papers in the Office of Returning Officer.
They filed nomination papers before the Returning Officer Srinagar Parliamentary Constituency, Dr Bilal Mohi-Ud-Din Bhat, while Salman Sagar submitted his nomination papers from Jammu Kashmir National Conference as a covering candidate for his party candidate Aga Ruhullah, who first filed the nominations.
As a matter of fact, Hakikat Singh from National Panthers Party Bhim, Rakesh Handu from J&K National United Front, Amir Ahmad Bhat from Democratic Progressive Azad Party and Qaiser Sultan Ganai covering candidate of Democratic Progressive Azad Party submitted their nomination papers before the RO.
Likewise, Ashiq Hussain from Rastriya Jan Kranti Party, Mohammad Yousuf Bhat from Gana Suraksh Party, Suraya Nissar from National Republic Party of India and Farooq Ahmad Bhat from National Youth Party also filed their nominations from 02-Srinagar seat.
The expert pulse is that main contest would be between National Conference and People’s Democratic Party on the Prestigious Srinagar Loksabha seat.
The nomination events especially of NC, PDP and Apni Party marked spirited displays, witnessing car rallies, roadshows, and folk performances, transforming the area near returning officer in Srinagar into a vibrant political arena.
It was heartening for democracy that collective energy of the supporters, manifested in dances to the tunes of party anthems and the rhythmic beats of traditional drums (‘Dhol’), lent an air of festivity to the occasion filing of nomination.
Recently, In an interview with News Kashmir Srinagar Candidate for National Conference
Aga Syed Ruhullah Mehdi
affirmed focus is on that through my Election campaign I give voice to the voiceless people of Kashmir as post abrogation of Article 370 the voice of masses has been scuttled and oppressed. I want to give platform to that voice of people through my effective Election campaign.
The result would be seen later on ,my priority is a strong Election campaign to give voice to the masses.”
Interestingly, the contest for Srinagar Loksabha seat is garnering much importance.

Anantnag-Rajouri Lok Sabha Seat Profile

Anantnag– Rajouri Lok Sabha Seat Profile
News Kashmir Analysis
The biggest festival of democracy in the country Lok Sabha elections are on , the election campaign is on in entire country.
Jammu and Kashmir is witnessing the first major election after the abrogation of article 370.
Anantnag–Rajouri Lok Sabha seat is one of the five Lok Sabha (parliamentary) constituencies in Jammu and Kashmir .
The prestigious seat would go to the polls on May 7, 2024 .
Expert pulse is This constituency has contrasting demographics and shows historical voting patterns.
It is to be noted that decision by the Delimitation Commission to merge the Anantnag constituency with Rajouri and Poonch districts of Jammu region has added a new dimension to the electoral landscape. This move, viewed by many as an attempt to penetrate with more vigour nationalist feeling in Kashmir valley, underscores the strategic significance of the Anantnag-Rajouri constituency in national politics.
The glimpse of the assembly constituency shows how long , peculiar the seat is:
AC Name District
36 Zainapora Shopian
38 D. H. Pora Kulgam
39 Kulgam
40 Devsar
41 Dooru Anantnag
42 Kokernag (ST)
43 Anantnag West
44 Anantnag
45 Srigufwara-Bijbehra
46 Shangus – Anantnag East
47 Pahalgam
84 Nowshera Rajouri
85 Rajouri (ST)
86 Budhal (ST)
87 Thannamandi (ST)
88 Surankote (ST) Poonch
89 Poonch Haveli
90 Mendhar (ST).
As a matter of fact, on Thursday 18 April, 2024
Kashmir’s Anantnag town was buzzing with political activity and we saw  many leaders filing their nominations for the Lok Sabha elections. National Conference leader Mian Altaf Ahmad and former Chief Minister Mehbooba Mufti, along with seven others, filed nomination papers for the Anantnag-Rajouri Lok Sabha seat.
As a matter of fact, mighty Pir Panjal mountain splits the Anantnag constituency, pushing Rajouri and Poonch to the other side. In between is Shopian district, which has been made part of Srinagar parliament seat. For political parties and candidates, travelling from one part of the constituency to the other area for campaigning is a huge challenge.
National Conference candidate for the Anantnag-Rajouri Lok Sabha seat Mian Altaf Ahmad few days back  said he is in a “comfortable situation” as he is the most acceptable candidate among the contestants on both sides of the Pir Panjal range.
“I am in a comfortable situation and I feel I am acceptable on both sides — Anantnag-Kulgam as well as Rajouri-Poonch. My assessment might be wrong, but I think the other parties contesting here do not have as much acceptability on both sides,” Ahmad told reporters here while on campaign trail.
The PDP leader and Former Chief Minister Mehbooba Mufti is another heavyweight in the seat ,and many affirm that Anantnag– Rajouri could be direct contest between NC and PDP.
Mehbooba Mufti echoed strong words.
This is not the time to boycott,” Mufti said in villages that have in the past seen turnout as low as five percent.
She made an appeal not just for votes but for financial help too. “Come forward and help me with whatever you can – Rs 100, Rs 200,” she said. “When I contested the Parliament elections in 2019, I had 50 lakhs in my account; today I have only Rs 22 lakh.”
We are slated in for an interesting and Exciting contest in Anantnag– Rajouri Loksabha seat.

Navratri, Eid, Baisakhi fervor galore,cover story 8 April,2024 c

Navratri,  Eid, Baisakhi fervor galore
News Kashmir Analysis
Festivals are an occasion of joy for humanity. They strengthen the bonds of love and happiness.
Indian culture, festivals are more than just occasions for celebration; they serve as medium to the deepest and most profound aspects of life. Each festival carries its own unique significance, offering valuable lessons, spiritual insights, and cultural traditions that have been passed down through generations.
We are having during this week  festivals related to Muslims, Hindus,  Sikhs coinciding in a single week one after another which is a good omen, and we take a glance on all these .
Chaitra Navratri is a nine-day Hindu festival celebrated annually from the first day of the Hindu Luni-Solar calendar. This year, it will begin on April 9 and end on April 17. While there are four Navratri celebrated throughout the year, Chaitra Navratri and Shardiya Navratri are more popularly observed across the country. Devotees worship Maa Durga and her nine divine forms during Chaitra Navratri. However, on the last day, they celebrate Ram Navami. It marks the birth of Lord Rama. Meanwhile, the nine forms of Maa Durga are known as Navdurgas. They are Maa Shailputri, Maa Brahmacharini, Maa Chandraghanta, Maa Kushmanda, Skanda Mata, Maa Katyayani, Maa Kaalratri, Maa Mahagauri and Maa Siddhidatri.
The holiday on this account is in Jammu and Kashmir and many other states is  on April 9.
The holiest festival of Eid al-Fitr will also commence on either 10 April or 11 April depending on sighting of moon. The   ’Holiday of Breaking the Fast’ is the earlier of the two official holidays celebrated within Islam (the other being Eid al-Adha). Eid al-Fitr is celebrated by Muslims worldwide because it marks the end of the month-long dawn-to-sunset fasting of Ramadan.Eid al-Fitr falls on the first day of Shawwal in the Islamic calendar; this does not always fall on the same Gregorian day, as the start of any lunar Hijri month varies based on when the new moon is sighted by local religious authorities. The holiday is known under various other names in different languages and countries around the world. The day is also called “Lesser Eid” (Arabic: العيد الصغير, romanized: al-ʿĪd al-Ṣaghīr), or simply Eid.
April 13th we would mark the Baisakhi festival.
Vaisakhi, also pronounced Baisakhi marks the first day of the month of Vaisakh and is traditionally celebrated annually on 13 April and sometimes 14 April.It is seen as a spring harvest celebration primarily in Punjab and Northern India. Further, other Indian cultures and diaspora celebrate this festival too. Whilst it is culturally significant as a festival of harvest, in many parts of India, Vaisakhi is also the date for the Indian Solar New Year.
Sikhs, in addition to its significance as the harvest festival,during which Sikhs hold kirtans, visit local gurdwaras, community fairs, hold nagar kirtan processions, raise the Nishan Sahib flag, and gather to socialize and share festive foods, Vaisakhi observes major events in the history of Sikhism and the Indian subcontinent that happened in the Punjab region. Vaisakhi as a major Sikh festival marks the birth of the Khalsa order by Guru Gobind Singh, the tenth Guru of Sikhism, on 13 April 1699.Later, Ranjit Singh was proclaimed as Maharaja of the Sikh Empire on 12 April 1801 (to coincide with Vaisakhi), creating a unified political state.
Undoubtedly, we should take this as a very good omen that festivals belonging to different faiths are dawning in a single week.

AFSPA Revocation, Cover story 1 April 2024

AFSPA Revocation

News Kashmir Analysis
Peace is paramount for progress of any concerned society.  It is heartening to note that peace and prosperity is limping back in Kashmir after decades of turmoil and terror.
The new look Kashmir is witnessing huge number of tourists and youth of Jammu and Kashmir are bringing national and global laurels.
In a bright development, it is learnt recently that esteemed
Union Home Minister Amit Shah  said that the Centre is planning to revoke the AFSPA Act and pull back some troops from Jammu and Kashmir.
With Lok Sabha elections approaching, Home Minister Amit Shah also said that the government will leave law and order to the Jammu and Kashmir Police.
In an interview  Amit Shah said, “We have plans to pull back troops and leave law and order to the Jammu and Kashmir Police alone.
The AFSPA gives armed forces personnel, operating in disturbed areas “special powers” like arresting individuals they find suspicious, and doing encounters if they deem it necessary for the maintenance of “law and order”.
An area or district is notified as disturbed under the AFSPA to facilitate the operations of the armed forces.
As a matter of fact, December 2023, The Supreme Court directed the Election Commission of India (ECI) to hold elections in Jammu and Kashmir by September 30, 2024, as it upheld the government’s 2019 decision to scrap Article 370.
Centre has made it clear that elections in Jammu and Kashmir would be held before September deadline of Supreme Court.
Enshrining democracy in Jammu and Kashmir is Prime Minister Narendra Modi’s promise and it will be fulfilled. However, this democracy will not be confined to three families alone and will be a people’s democracy,”  Union Home Minister Amit Shah said.
Expert pulse suggests that AFSPA removal in Jammu and Kashmir suggests peace is heralding in a major manner and the progress would be further cemented on grassroots.
Other developmental are also heralding
OBC reservations have been made in the panchayats and the urban local bodies. We have made space for the SCs and the STs. Without reducing the share of the Gujjar and Bakarwals, the Pahadis have been given 10 per cent reservation. And special provisions have been made to accommodate the displaced people from Pakistan-occupied Kashmir. (PoK).. The Centre is determined to ensure that these benefits percolate to the grassroots level,” HM Amit Shah said.
It is great thing to note that
Since the Abrogation of Article 370, militancy related incidents have declined in the J&K, paving the way for the Centre to consider the need to remove AFSPA in the region.

Killer Roads in J&K, Cover story 25 March 2024

Killer Roads in J&K
News Kashmir Analysis
Road accident deaths or Traffic accident deaths are a grim tragedy of the world we live in . Jammu and Kashmir owing to its tough terrain has a very complex and sensitive Geography making our roads also dangerous.  But owing to many other factors road accidents across Jammu and Kashmir have become a big menace. Even in plain areas many lives are lost in traffic accidents.
The facts and statistics in this regard are worrisome.  The often road accident deaths especially in Chenab area is a matter of huge concern.
As a matter of fact, The
Jammu and Kashmir has witnessed a horrifying toll of 4251 road accident fatalities over the past five years, with the National Highway and the Chenab Valley region emerging as particularly treacherous zones, according to data released by the Traffic Department.
On an average, two individuals have lost their lives daily due to road accidents in Jammu and Kashmir since 2019, a very very grim  reminder of the urgent need for improved road safety measures.
The National Highway, a crucial transportation artery, has emerged as a major hotspot for road accidents, accounting for a very large number of fatalities over the past five years.
In 2019, 211 lives were lost on this vital roadway, followed by 178 deaths in 2020, 271 in 2021, 261 in 2022, and a further 234 fatalities in 2023.
The Chenab Valley region, known for its treacherous terrain and winding roads, has also proven deadly for motorists and pedestrians.
In 2019, the area witnessed 113 road accident deaths, followed by 64 in 2020, 91 in 2021, 81 in 2022, and a spike of 114 fatalities in 2023. The data highlights the urgent need for targeted interventions and infrastructure improvements along these high-risk routes to prevent further loss of life.
Road accident deaths are also a big challenge for our beloved country India.
The “Road Accidents in India 2022” report, released in November 2023, said that the number of deaths reported in India due to road crashes in 2018 was 1,50,785 and it rose to 1,53,792 in 2021. The number was 1.3 lakh in 2010.
The need of the hour is to ensure building of quality roads everywhere,  bringing end to rash driving and making giving driving license a very tough process then only we can find solution to increasing road fatalities.
Tragic accidents happen often. Just last month , Seven persons, including four members of a family, were killed in three separate road accidents in Udhampur, Jammu, and Reasi districts of Jammu and Kashmir on , officials said. A couple and their two daughters were killed and another one was injured after their car was hit by a truck in the Udhampur district of Jammu and Kashmir, the officials said.
The family from Jammu was on its way to Kashmir. The accident took place at Salore near Tikri along the Jammu-Srinagar National Highway shortly after midnight and the rescuers had a tough time retrieving the bodies from the badly crushed vehicle, they added.
One hopes increasing traffic accidents would be a matter of past soon .

Lok Sabha 2024 Election Dates unveiled , cover story 18 March, 2024

Lok Sabha 2024 Election Dates unveiled
Farzana Mumtaz
The Kickstart  for biggest democratic exercise also known as Biggest democratic festival of world has been set in motion as   the dates for General elections also known as Lok Sabha elections for entire India have been announced.
As a matter of fact, on 16th March, 2024 the Election Commission of India in a Jam-packed press conference announced dates of General elections 2024.
Also, Simultaneous election for Lok Sabha and assembly will be held in four states — Sikkim, Odisha, Arunachal Pradesh and Andhra Pradesh.
It is worth pointing out here that The 2024 general election for 543 Lok Sabha seats will be held in seven phases that will begin from April 19 and continue till June 1, Chief Election Commissioner Rajiv Kumar said , announcing the commencement of the world’s largest democratic exercise. The results of the election will be announced on June 4.
It was important to note that Mr Kumar, announcing the dates, sent out a strong message on the circulation of fake news on social media, saying political parties should ensure responsible social media behaviour — “verify before you amplify”.
Fake news will be dealt with severely as per existant laws.. Section 79 (3)(B) of the IT Act empowers nodal officers in each state to remove unlawful content,” he said.
The facts and facets related to the biggest electoral exercise of world are fascinating to say the least.
Over 97 crore voters are eligible to exercise their franchise in the Lok Sabha elections, Chief Election Commissioner Rajiv Kumar said  and urged everyone to “get inked.”
On its part, the poll authority is preparing to set up 10.5 lakh polling stations across the country.
We have 97 crore registered voters, over 10.5 lakh polling stations manned by 1.5 crore personnel, and 55 lakh EVMs,” he said.
As a matter of fact, The CEC said there are 97.8 crore eligible voters of which 49.72 crore were male voters and 47.1 crore were female voters.
About 21 crore are youth voters.
On Assembly elections in Jammu and Kashmir the CEC assured that the Commission remains dedicated to organising Assembly elections in JK shortly after the Lok Sabha polls, once there are enough security forces available.
As far as Lok Sabha elections dates are concerned for Jammu and Kashmir,  it would be held in 5 phases.
Date of polls on Lok Sabha seats in J&K are : Udhampur: 19 April.Jammu: 26 April. Anantnag – Rajouri: 7 May.
Srinagar: 13 May. Baramulla: 26 May.
Huge amount of enthusiasm is being witnessed across the country as Dates for Election 2024 have been announced.

“Wed In India”, cover story 11 March, 2024

” Wed in India”
News Kashmir Analysis
In a progressive development for entire country, Prime Minister Narendra Modi said on 7th March, 2024  Thursday his next mission is “Wed in India”. Speaking at the ‘Viksit Bharat, Viksit Jammu & Kashmir’ programme in Srinagar, the Prime Minister urged the citizens of India to avoid hosting weddings abroad.
As a matter of fact, People should host weddings in India…If people feel like coming to J&K and hosting weddings…do their booking here, stay here for three days and spend lavishly here so that people of Jammu and Kashmir also get their livelihood,” PM Modi said on Thursday.
It is worth mentioning here that Modi mentioned his “Wed in India” initiative for the first time during a Mann ki Baat episode on November 26, 2023. He said, “If we celebrate the festivities of marriages on Indian soil… the country’s money will remain in the country…The people of the country will get an opportunity to render some service…even poor people will tell their children about that occasion.
Luxury hotels in India offer wedding packages going up to several crores. The most popular desi wedding venues include Rajasthan, especially lake city Udaipur, Jodhpur and Goa. Recently, the Government has started meetings with wedding industry stakeholders like hotel operators to finalise the contours of the campaign.
The expert pulse is that The Prime Minister’s advocacy for ‘Wed in India’ is a part of a broader vision to enhance the economic and social development of Jammu and Kashmir, which he described as the crown jewel of India. PMs call for a developed Jammu and Kashmir as a priority underscores the region’s significance in the nation’s progress.
The call of Prime Minister Narendra Modi to Wed in India is yielding magical results with one of richest Indian Mukesh Ambani going for wedding of his son Anant Ambani at Jamnagar Gujarat.
 Mukesh Ambani’s approach to the big fat Indian wedding has been noted by Time, describing the three-day event as a “next level” celebration.
“As big fat Indian weddings go, Asia’s richest man Mukesh Ambani knows how to take it to the next level. While the wedding itself will not take place until July, a three-day pre-wedding celebration begins on Friday, March 1 in the family’s refinery township of Jamnagar in the Indian state of Gujarat. Some of the biggest names in Wall Street, Silicon Valley, and the entertainment industry are on the guest list,” Time wrote.
Without a doubt the dream and fervent call of making India a top global wedding destination is bearing its fruits.

2024 General Elections- Edge NDA, cover story 4 March, 2024

2024 General Elections- Edge NDA
News Kashmir Analysis
We have entered the month of March. 2024 is a very special year for India as General elections will be held in the month of April and May. So we are just days away from being elections being announced.
As a matter of fact,
India holds the Lok Sabha elections on a five-yearly basis, which are frequently referred to as the largest political event in the nation and possibly in the whole world. Currently serving as India’s prime minister honorable Narendra Modi from BJP.
It is worth mentioning here that
Predictions for the Lok Sabha Election of 2024 indicate that Narendra Modi will triumph once more and take over as India’s prime minister. He took over the position in 2014. To win this election, Congress and the other parties must work a miracle.
The charismatic personality of
Narendra Modi, the head of the National Democratic Alliance (NDA), has been named. Should the NDA win the upcoming election, the famous personality of Narendra Modi will take over as prime minister of India for third term . The INDIA Alliance did not reveal who would lead their coalition as prime minister should he win the election.
Now, The BJP is expected to release a first list of candidates – over 100 names, which will include heavyweights like Prime Minister Narendra Modi and Home Minister Amit Shah – for the 2024 Lok Sabha election , after marathon overnight meetings in Delhi, including one led by the Prime Minister at his Delhi residence that began 11 pm Thursday, 29 feburary and finished at 4 am Friday.
It has been observed that the BJP’s strategy, as it bids for a third term, revolves around getting feedback on sitting MPs’ – including but not limited to discussions with grassroots-level workers and voters in their constituencies – and a tactical reshuffle to eliminate the anti-incumbency bias.
The meeting also likely saw talks about leaving six seats in politically key Uttar Pradesh, which sends 80 MPs to the Lok Sabha, for regional allies like the Apna Dal and the Rashtriya Lok Dal of Jayant Chaudhary, which the BJP reportedly won over from INDIA despite their January agreement.
Meanwhile on opposition front The Maha Vikas Aghadi (MVA), the Opposition alliance in Maharashtra, have reportedly inked a seat-sharing agreement for the upcoming Lok Sabha polls.
The Shiv Sena (UBT) is likely to contest 21 seats, while the Congress may fight in 15 seats and the Sharad Pawar faction of the NCP could get nine seats, an news channel report said.
Undoubtedly, NDA Has huge edge in year 2024.

Public library culture in Kashmir Deserve Importance, cover story 26 February 2024

Public library culture in  Kashmir Deserves importance
News Kashmir Analysis
Public libraries have played an important role in growth of every civilization as instrument of knowledge.  They provide books and other materials for people to read and intellectual growth.
These materials are very informative and lead to self-improvement and develop basic literacy skills. Public Libraries have always seen as an educational resource for all people.
Experts opinion is that
The public library is the local center for providing a wealth of information through learning facilities and materials to support literacy to the general public. Literacy is also achieved by providing literacy programs and activities for different groups and ages.
The dying reading culture in Kashmir is a matter of concern.
Public libraries continue to play a major role in fostering literacy in communities and societies, particularly among those groups of the populations that need special assistance in developing literacy skills, such as preschool and elementary school children.
In a place like Jammu and Kashmir the public libraries have an important role to play and unfortunately after facing a neglect since many years they are getting desired attention,which is good.
Vijay GarG, Renowned educationist and columnist of News Kashmir writes about their role :”
Access to information: Public libraries provide free access to a wide range of educational resources and information, including books, journals, newspapers, and databases. This enables individuals, regardless of their economic background, to gain knowledge and stay informed about the world around them.
2. Promoting literacy and education: Libraries are essential in fostering a culture of reading and promoting literacy. They provide a supportive environment for learning, whether it be through early literacy programs for children, homework help for students, or adult education programs. Access to books and resources encourages reading, enhances vocabulary and language skills, and promotes lifelong learning.
3. Bridging the digital divide: In today’s digital age, many essential services, job applications, and educational resources are accessible online. However, not everyone has access to computers or the internet at home. Public libraries offer free computer and internet access, helping bridge the digital divide and ensuring that all members of society have equal opportunities to access information and technology.”
The hope on ground zero is that public Libraries would be getting their due attention and they will prosper in Jammu and Kashmir.

Increasing Frauds, Cover Story 19 February 2024.

Increasing Frauds
News Kashmir Analysis
The increase in frauds across India is a matter of serious concern.
India is seeing a much  upswing in fraudulent activities resulting in an increase in fraud losses with financial services reporting the biggest increase.
A study conducted by Forrester Consulting, commissioned by Experian, a leading global information services provider, found that year-on-year fraud losses are increasing for nearly two-thirds (64 per cent) of respondents, with financial services organisations reporting the biggest increase in losses. There are several factors driving this surge in fraud attacks, such as persisting financial pressure on consumers, numerous data breaches leaking sensitive information onto the dark web, and the arrival of publicly accessible Generative AI – which has lowered the technical skills required to conduct fraud.
This concerning trend is compounded by the fact that 67 per cent of these respondents are currently grappling with the challenges of keeping pace with the rapidly evolving landscape of fraud threats.
As a matter of fact, The volume of fraud attacks has gone up in almost every category.
Synthetic identity attacks, where real and fake information are combined to form new identities, are on the rise, particularly in the financial services sector. This is closely followed by identity theft attacks and account takeover attacks. In the e-commerce sector,
Friendly fraud attacks, where customers dispute legitimate charges, have grown the most for merchants, followed by synthetic identity attacks, found the study.
The survey gathered insight from 308 fraud managers in the financial services, telco, and eCommerce sectors across ten countries in the EMEA and APAC regions: India, Denmark, Germany, Australia, Italy, New Zealand, the Netherlands, South Africa, Spain, and Turkey.
“The study underscores that the future of effective fraud prevention lies in the realm of artificial intelligence (AI) and machine learning (ML) technologies.”
According to the study, the biggest challenge limiting businesses’ ability to prevent fraud is a lack of device fingerprinting for fraud identification (62 per cent). A second is an increasing number of referrals, causing increased delays and costs (56 per cent).
Recognising the urgency, businesses emphasize the crucial role of device data in passive customer screening.
The top fraud-related priority is improving the explainability of ML models (65 per cent), which shows how important ML has become to fraud prevention. Transparent ML models allow for human oversight so that unintentional bias can be identified. This capability is essential to ensure ethical AI use and to comply with a future AI regulatory framework.
Nearly two-thirds (67 per cent) of businesses believe that the future of fraud prevention will be driven by AI/ML-powered solutions.
We also need to be cyber alert to prevent cyber frauds .
Cybersecurity awareness helps educate your employees about malicious methods used by cybercriminals, how they can be easy targets, how to spot potential threats and what they can do to avoid falling victim to these insidious threats.
The need of the hour is to take steps to arrest the rising trend of frauds in India .