Nirmala Sitharaman pushes for faster unclaimed money refunds, stronger cybersecurity
- Nirmala Sitharaman urged regulators to expedite refunds of unclaimed deposits, shares, dividends, insurance proceeds and pensions.
- The FSDC reviewed the ‘Your Money, Your Right’ campaign to ensure timely financial asset refunds.
- Sitharaman called for simpler Know Your Customer procedures and stronger cybersecurity amid geopolitical uncertainties.
- The Council discussed financial stability, fintech innovation, asset tokenisation and protecting critical infrastructure against cyber threats.
Source: newsonair.gov.in
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