News & Announcement
Chief Secretary Chairs RBI’s State Level Coordination Committee Meeting
Gangtok September 5 (IPR): The 7th State Level Coordination Committee (SLCC) Meeting was conducted by the Reserve Bank of India (RBI), Gangtok in the conference hall of Tashiling Secretariat today.
The meeting was Chaired by Mr VB Pathak, Chief Secretary, Government of Sikkim and convened by Mr Thotngam M Jamang, Regional Director (RD), RBI, Gangtok.
The Meeting also had the presence of Mr AK Singh, Director General of Police, Mr Suraj Chettri, Secretary, Law and Parliamentary Affairs, Ms Tashi Cho Cho, Secretary, Home Department, Ms Gloria Namchu, Commissioner-cum-Secretary Co-operation Department, Mr Tashi Wangyal, DIG Range, Mr Kunzang Dorjee Shangderpa, DIGP/CB-CID, Mr Pratap Pradhan, DIGP, Special Branch, Mr Mahendra Pradhan, Director, Finance Department, Mr Umesh Sunam, Director, Information and Public Relations Department, and officials from RBI. The meeting was also attended by senior officials from the Registrar of Companies (RoC), Kolkata and SEBI, Kolkata.
In his opening address, the Regional Director of RBI-Gangtok, underscored the significance of the joint forum and emphasised the need for regular meetings. He highlighted that this meeting marked a significant two-year gap since the last one. The Regional Director also stressed the importance of implementing a Financial Literacy Awareness Campaign to enhance protection against cyber fraud. Furthermore, he acknowledged the notably lower incidence of cyber fraud cases in the State of Sikkim and commended the government for its vigilance in this regard.
The minutes of the 6th meeting of the SLCC held on May 23, 2022, were presented to the committee for approval and were subsequently confirmed after discussions. The action points from the previous meeting were then reviewed.
The committee then reviewed the Banning of Unregulated Deposit Schemes (BUDS) Act, 2019, and the Chief Secretary recommended that the Finance Department take prompt action to implement the required measures.
Likewise, Mr Amit Kapoor, Chief General Manager (CGM) of the Securities and Exchange Board of India (SEBI), provided an overview of the SMART (Securities Market Trainer) program, highlighting a shift in focus from financial literacy to investor awareness. SEBI has conducted 10 Regional Investor Seminars for Awareness (RISA), 3 investor workshops, and 7 SMART programmes, it was informed. Furthermore, an Investor Service Centre has been established in Gangtok to facilitate investment awareness programs in Sikkim.
During his presentation, Mr Rahul Verma, the Manager at RBI Gangtok, provided a comprehensive overview of the recent Cyber Crime Trends in India. In his detailed explanation, he covered various Modus Operandi of Cyber Crimes, including Digital Arrest, Investment Frauds, and Courier Scams.
The Manager of RBI also delivered a presentation on the Investor Awareness Programme organized by the RBI for various segments of society. He also briefed the committee on other RBI initiatives, including the launch of a book on Financial Awareness called 'The Alert Family' and the Center for Financial Literacy initiative.
Mr Kunzang D Shangderpa, DIGP of the CB-CID, provided a comprehensive overview of the cybercrime situation in the state during the meeting. He shared detailed statistics on cyber cases registered and highlighted the impact of the National Helpline Number 1930 for reporting cybercrime complaints. A total of 540 cybercrime complaints have been registered, resulting in the prevention of loss of substantial amount of Rs 80 lakhs. This sheds light on the proactive measures being taken to address cybercrimes in the state.
Lastly, the Chief Secretary emphasised the importance of increasing awareness among citizens to prevent unauthorised deposits by unscrupulous entities, stating that it is a critical need at present. Consequently, he recommended that the Reserve Bank of India (RBI), State Government, Securities and Exchange Board of India (SEBI), and Registrar of Companies (RoC) collaborate to effectively disseminate information and raise awareness among the general public.
The Vote of Thanks was presented by Mr Bhagyarathi Sahu, Assistant Manager,RBI Gangtok.
It may be noted here that the State Level Coordination Committee (SLCC) serves as a collaborative platform in all states, aimed at promoting information exchange among regulatory bodies. Its primary goal is to mitigate the occurrences of unauthorised deposit acceptance by unscrupulous entities.
The meeting was Chaired by Mr VB Pathak, Chief Secretary, Government of Sikkim and convened by Mr Thotngam M Jamang, Regional Director (RD), RBI, Gangtok.
The Meeting also had the presence of Mr AK Singh, Director General of Police, Mr Suraj Chettri, Secretary, Law and Parliamentary Affairs, Ms Tashi Cho Cho, Secretary, Home Department, Ms Gloria Namchu, Commissioner-cum-Secretary Co-operation Department, Mr Tashi Wangyal, DIG Range, Mr Kunzang Dorjee Shangderpa, DIGP/CB-CID, Mr Pratap Pradhan, DIGP, Special Branch, Mr Mahendra Pradhan, Director, Finance Department, Mr Umesh Sunam, Director, Information and Public Relations Department, and officials from RBI. The meeting was also attended by senior officials from the Registrar of Companies (RoC), Kolkata and SEBI, Kolkata.
In his opening address, the Regional Director of RBI-Gangtok, underscored the significance of the joint forum and emphasised the need for regular meetings. He highlighted that this meeting marked a significant two-year gap since the last one. The Regional Director also stressed the importance of implementing a Financial Literacy Awareness Campaign to enhance protection against cyber fraud. Furthermore, he acknowledged the notably lower incidence of cyber fraud cases in the State of Sikkim and commended the government for its vigilance in this regard.
The minutes of the 6th meeting of the SLCC held on May 23, 2022, were presented to the committee for approval and were subsequently confirmed after discussions. The action points from the previous meeting were then reviewed.
The committee then reviewed the Banning of Unregulated Deposit Schemes (BUDS) Act, 2019, and the Chief Secretary recommended that the Finance Department take prompt action to implement the required measures.
Likewise, Mr Amit Kapoor, Chief General Manager (CGM) of the Securities and Exchange Board of India (SEBI), provided an overview of the SMART (Securities Market Trainer) program, highlighting a shift in focus from financial literacy to investor awareness. SEBI has conducted 10 Regional Investor Seminars for Awareness (RISA), 3 investor workshops, and 7 SMART programmes, it was informed. Furthermore, an Investor Service Centre has been established in Gangtok to facilitate investment awareness programs in Sikkim.
During his presentation, Mr Rahul Verma, the Manager at RBI Gangtok, provided a comprehensive overview of the recent Cyber Crime Trends in India. In his detailed explanation, he covered various Modus Operandi of Cyber Crimes, including Digital Arrest, Investment Frauds, and Courier Scams.
The Manager of RBI also delivered a presentation on the Investor Awareness Programme organized by the RBI for various segments of society. He also briefed the committee on other RBI initiatives, including the launch of a book on Financial Awareness called 'The Alert Family' and the Center for Financial Literacy initiative.
Mr Kunzang D Shangderpa, DIGP of the CB-CID, provided a comprehensive overview of the cybercrime situation in the state during the meeting. He shared detailed statistics on cyber cases registered and highlighted the impact of the National Helpline Number 1930 for reporting cybercrime complaints. A total of 540 cybercrime complaints have been registered, resulting in the prevention of loss of substantial amount of Rs 80 lakhs. This sheds light on the proactive measures being taken to address cybercrimes in the state.
Lastly, the Chief Secretary emphasised the importance of increasing awareness among citizens to prevent unauthorised deposits by unscrupulous entities, stating that it is a critical need at present. Consequently, he recommended that the Reserve Bank of India (RBI), State Government, Securities and Exchange Board of India (SEBI), and Registrar of Companies (RoC) collaborate to effectively disseminate information and raise awareness among the general public.
The Vote of Thanks was presented by Mr Bhagyarathi Sahu, Assistant Manager,RBI Gangtok.
It may be noted here that the State Level Coordination Committee (SLCC) serves as a collaborative platform in all states, aimed at promoting information exchange among regulatory bodies. Its primary goal is to mitigate the occurrences of unauthorised deposit acceptance by unscrupulous entities.