Business Point Today

In an era dominated by digital transactions and unprecedented convenience, financial fraud has evolved into a sophisticated menace.  S Ravi BSE   former Chairman , shares his invaluable insights on the tactics employed by fraudsters and the importance of vigilance in safeguarding your financial well-being. Mr. Sethurathnam Ravi  The Allure of Rewards and Carelessness: A Fraudster’s Paradise According to Mr. Ravi, fraudsters often capitalize on our desire for rewards, better returns, increased spending limits, and the allure of saving while spending. The key ingredient in their recipe for success, however, is our carelessness. In our pursuit of quick gains, we tend to overlook the age-old wisdom passed down by our elders: “Never Trust Strangers,” and the harsh reality that unchecked greed can lead to financial disaster. Technology’s Double-Edged Sword Advancements in technology and the proliferation of digital platforms have revolutionized financial transactions. Mobile devices have bec

The government is set to release more wheat stocks into the open market to keep prices in check during the upcoming festive season, said Food Secretary Sanjeev Chopra. The development comes in the wake of an approximately 11 per cent surge in wholesale wheat prices over the past four months, reaching a seven-month high in August. This prompted concerns about affordability and availability. The government is set to release more wheat stocks into the open market. To tackle rising wheat prices, the food secretary announced that the government plans to release additional wheat stocks into the open market to address rising prices during the festive season. In August, the government announced that it would provide 5 million metric tons of wheat and 2.5 million tons of rice to bulk consumers, with a specific focus on flour millers. Chopra also emphasised that India had substantial stocks of both wheat and rice, which could be released in the open market to help stabilise prices. Meanwhile, th