Cyber Cell Account Freezes are killing MSMEs and Micro Companies

 

Cyber Cell Account Freezes are killing MSMEs and Micro Companies

In recent times, Micro, Small, and Medium Enterprises (MSMEs) and micro companies in India have been grappling with an unexpected and severe challenge: the freezing of their business accounts by the Cyber Cell. This phenomenon has caused widespread disruption, affecting the livelihoods of countless small vendors and companies.

A visit to any bank today will reveal the gravity of the situation. Small business owners and vendors are seen struggling to get their accounts operational, only to find their funds blocked. This predicament arises from the Cyber Cell's decision to freeze accounts based on complaints, often without prior investigation or providing an option for response.

Speaking to several banks such as State Bank of India (SBI), HDFC, and ICICI, it was revealed that they receive 10-13 complaints daily regarding account freezes. Banks are often left in the dark, unable to share details with the affected companies as the freezing decisions are made by the Cyber Cell, sometimes from remote corners of the country. This lack of communication only adds to the frustration and helplessness experienced by these businesses.

For instance, a street food vendor who has been in business and holding the same account for ten years found his account frozen without any clear reason. Repeated attempts to contact the Cyber Cell yielded no results, leaving him stranded. Similarly, another case involved a travel agent whose account was frozen following a customer complaint regarding their stay at a hotel.

Through discussions with other business owners, it became apparent that the Cyber Cell does not differentiate between disputes arising from customer complaints and those involving payment fraud. The result is a blanket approach where accounts are frozen indiscriminately. This raises critical questions about the relevance of the Consumer Forum and the role of the Reserve Bank of India (RBI) in such matters.

The right to put a hold on accounts without prior investigation is perceived as a violation of fundamental business rights. It undermines the principles of fair banking and business operations. Many have termed this as "Cyber Cell terrorism," reflecting the fear and uncertainty gripping the business community.

Legal professionals have also noted a surge in cases related to account freezes, indicating a growing concern among businesses. The need for a transparent and fair process is more urgent than ever. It is essential for the authorities to address these grievances, ensure proper investigation before account freezes, and provide a clear communication channel for affected businesses.

In conclusion, while the intention behind Cyber Cell's actions may be to curb fraudulent activities, the current approach is causing undue harm to legitimate businesses. A balanced and fair process must be established to protect the interests of both consumers and businesses, ensuring a thriving and secure economic environment.

This season Mangoes will ripe ………….?

The summers have arrived and will soon enter the peak months of May and June and so along with it come the Scorching Sun, Heat Waves and Sweat. Along with every season and hardships comes some pleasantries and with summers come Mangoes.  It is one of the special fruit which most Indian awaits eagerly and celebrates its taste.It has been stated by many immanent people in the past that India is country of Mango people. Now I do not know if they were referring to this or whatever? But I did try to find the similarities here -   Benefits & Features

• The mango is the national fruit of India and so are the Mango people or the citizen of India who are born, brought-up and nurtured here.

• Mango is called the king of fruits in India at least and Well the Mango People are do made to feel like Kings all the time to make sure everything is chalta hai from not performing their duties to tolerating the corruption (they keep believing that there can be no rules as everyone is king, so no one should take their duties seriously and in the return should not expect any good from the governance. The corruption is part of life and rest everything chalta hai.)

• Mango leaves are used to decorate archways and doors in Indian houses during weddings and celebrations. Similarly Mango people are to be like decorative of the Indian democracy and are used in the festivals called elections. They are hired or bought as decorative with Money or Power or Threat every elections for votes. 

• From adding it to drinks or salads, chutneys and pickles, and even making curries out of it, raw mango is used as a versatile cooking ingredient while the Mango people are perfect ingredients for the recipe for Religion Riots, Caste system and even divided made based on Region and Language 

• While we delight in a mango smoothie or a mango ice-cream, just by adding a dash of mango to our cakes and crumbles we can bring novelty to our dessert experience. Mango people are enjoyed as enriching entities in corrupt practices from selling of Natural resources to providing the processed products from the very same Natural Resources.   

Now supposedly the year 2013 and 2014 is also the year of election in India. It is scheduled for nine legislative assemblies in 2013 with the onset the tone for summers will be set with Assembly election in Karnataka in May, followed by Chhattisgarh, Delhi, Jammu & Kashmir, Madhya Pradesh, Mizoram and Rajasthan. While the Mega dance of Indian Democratic General Election is schedule for the next year 2014 summers. While I am not sure how eagerly People of India are waiting the elections as compared to the Mangoes?   How the Season will be?

• There are expectations for a better mango season than those seen over the previous two or three years in India. Traders are saying there is a bigger influx of fruit this year and that quality is also better than previously and so is for Mango people with having same party government for last 2 terms the change seems to be in the wind.  The bigger influx of dirty secrets of the political parties in the public .The pundits are expecting more diversely fought elections with many regional party gaining more clout at the centre.

• For mango lovers of the country it will be a Mango delight this winter in plenty as more than 90 per cent of Mango orchards have already fructified.  With more than half of the country going to elections the Mango people are bound to be served more than to plenty followed with for General Elections next year.

• Many of the trees are so very much covered with the blossoms that green leaves and branches of the trees are not even visible. The Mango people have been so overloaded with corruptions and cowardliness since right from getting born, getting the proof for their birth to getting their pension that being Human and Indian are not even visible.

• Farmers in the mango bowl are keeping their fingers crossed following the sudden change in weather conditions that might lead to large-scale damage to the ongoing flowering and to baby mangoes on the trees. Sudden change in the conscious of Mango people may lead to changes to upcoming State Assembly and General Elections. In the uncertainties no one is sure how the Mango people will behave and which Political Party will have more successfully harvest.

• The summer heat has cast its shadow on mango cultivation in the states, bringing hardships to those who depend on this seasonal crop for a living. With so much widespread corruption and miss-management surfacing in all aspect of governance compounded with slow economic growth year after year has started casting it spell on Mango People. Also widespread campaigns to bring Mango People out of Hibernation  from Honest and hard Working fellow Mango people is creating hardships for the Political Parties.

• Mango crop at mercy of weather gods. The coming of Mango People ahead to form party to give alternative to people may not save the Mango People but will defiantly play spoil sports in many parts of the country. The Mango corps may be at the mercy of Weather. The Mango People are at their own mercy and no can help them but them themselves.

This season the Mango will defiantly ripe weather the harvest is good or Bad but........WILL THE MANGO PEOPLE RIPE………..?