Govt to set up Digital Intelligence Unit (DIU) to track financial frauds
Will impose a financial penalty against telemarketers in case of repetitive violations
The Ministry of Communications vouched for a web/mobile application and SMS-based system for redressal
Recently, there had been a surge in complaints on financial frauds through calls and SMS
Even the subscribers registered in Do-Not-Disturb (DND) service got affected
DIU will collaborate with law enforcement agencies, financial companies and telecoms for the initiative
