Skip to main content

EOW to launch website soon to guide investors

Developed by IIT, it will be handled with the help of RBI

The State Economic Offences Wing (EOW) along with the Reserve Bank of India (RBI) will soon launch a website that will give investors the details of non-banking finance companies (NBFCs), like whether they were licensed by the RBI and their ratings in terms of risks.
Tamil Nadu Police will be the first to introduce such a facility that will go a long way in prevention of cheating by scamsters, the Additional Director General of Police, Prateep V. Philip (EOW), told The Hindu here on Friday.
Stating that the software has been developed by Indian Institute of Technology, he said the data base of NBFCs from RBI will be uploaded in the website.
Through emails
and SMS
Investors can know the details of private financial companies from the website.
The website will also send automated response through e-mails and SMS to the investors, Mr. Philip said.
People could also know the ratings of the companies in terms of risk involved in investments. Stating that the website would be launched by February, he said the EOW would ask the RBI to handle the website and expand its services across the country.
Mr. Philip said that EOW has been taking proactive steps in preventing economic offences in which the poor and the middle class, even the educated and professionals, were being robbed off their hard-earned savings.
Intelligence wing
“For the first time, we set up an intelligence wing in our unit in August. Officers are scanning all the newspaper advertisements, SMS messages on lucrative schemes of finance companies and multi-level marketing companies,” Mr. Philip said.
Decoys sent by the EOW officers and enquiries made by them have prevented gullible people from being looted and many such fly-by-night companies have closed down within days, he said.
Scambusters Scheme
In the Friends of Police Scambusters Scheme started by the Economic Offences Wing, where in 450 persons, including retired officials from banks and financial institutions have enrolled themselves for identifying such fraudulent companies and alert EOW.
People can alert Economic Offences Wing on such companies to the email,
eowscambuster@gmail.
comortneow@tn.gov.in.
They can also send SMS to 9840584729.
Labels:

Comments

Post a Comment

Popular posts from this blog

SC asks Centre to strike a balance on Rohingya issue (.hindu)

Supreme Court orally indicates that the government should not deport Rohingya “now” as the Centre prevails over it to not record any such views in its formal order, citing “international ramifications”. The Supreme Court on Friday came close to ordering the government not to deport the Rohingya. It finally settled on merely observing that a balance should be struck between humanitarian concern for the community and the country's national security and economic interests. The court was hearing a bunch of petitions, one filed by persons within the Rohingya community, against a proposed move to deport over 40,000 Rohingya refugees. A three-judge Bench, led by Chief Justice of India Dipak Misra, began by orally indicating that the government should not deport Rohingya “now”, but the government prevailed on the court to not pass any formal order, citing “international ramifications”. With this, the status quo continues even though the court gave the community liberty to approach i...
3 comments
Click Here To Read more »

"ISRO has capabilities to build geostationary satellites for air quality monitoring” (downtoearth)

Pawan Gupta's findings on trans-boundary movement of pollution (Punjab to Delhi) from biomass burning in 2015 spurred debates. He participated in discussions with Indian regulators early September at the Better Air Quality Conference in Busan on the advantages of using satellite data for air quality monitoring. He explains to Down to Earth how air quality monitoring is done using satellite data. How is satellite data used to measure air pollution? Satellites that provide information on atmospheric pollutants are normally (not always) in the low earth orbits (400-1000 km above the Earth’s surface). A single satellite can carry one or more remote sensing instruments onboard that look down to earth and obtain information about the object in the field of view of satellite sensor. The Earth receives electromagnetic radiation from the sun, which travels through space and reaches the earth-atmosphere system. The radiation then interacts with the Earth’s atmosphere and the surface...
1 comment
Click Here To Read more »

What's ailing Namami Gange programme?(DTE)

Winters are extremely hectic for Sushma Patel, a vegetable grower in Uttar Pradesh’s Chunar town. Her farm is in the fertile plains of Ganga where people grow three crops a year. But this is the only season when she can grow vegetables. And before that, she needs to manually dig out shreds of plastic and wrappers from her one-hectare (ha) farm. “This is all because of the nullah,” she says, pointing at an open drain that runs through her field, carrying sewage from the neighbourhood to the Ganga. “Every monsoon, the drain overflows and inundates the field with a thick, black sludge and plastic debris. We cannot even go near the field as the stench of sewage fills the air,” she says. But Patel has no one to complain to as this is the way of life for most people in this ancient town. About 70 per cent of the people in Chunar depend on toilets that have on-site sanitation, such as septic tanks and pits. In the absence of a proper disposal or management system, people simply dump the faec...
3 comments
Click Here To Read more »