Govt Approves Rs 304 Crore for R&D in 5G and 6G Applied Sciences

India’s telecom sector has made rapid progress over the years. The scope of the country’s 5G network has increased rapidly. The Central Government launched the Telecom Technology Development Fund (TTDF) scheme (TTDF) scheme (TTDF) scheme about three years ago to increase collaboration between research and development (R&D) in 5G and 6G technology.

Minister of State of Communications, Pemmasani Chandra Sekhar said in a written reply in the Lok Sabha that under the TTDF scheme, 5G and 6G technology have been given R&D and Rs 304 crore funds for innovation. Projects associated with R&D approved under this scheme are from one to five years. These projects are in the initial stage of development. In the TTDF scheme, financial assistance is being provided to government and private institutions as well as various projects related to MSME and Startups.

Along with this, Chandrashekhar said that the Telecom Department (DOT) has developed the financial fraud -based financial fraud risk indicator (FRI) of the risk -based risk indicator (FRI). This can take measures to protect customers if banks, non-banking financial companies (NBFCs) and Unified Payment Interface (UPI) service providers such as a mobile number are connected to higher risk. Fri has been made available to stakeholders through Digital Intelligence Platform (DIP).

The Reserve Bank of India (RBI) has issued advisory to banks and payment service operators (PSOs) for the integration of FRI with their systems. 34 banks, financial institutions and UPI service providers have freeze 10.02 lakh bank accounts, payments wallets based on the action technology reports (ATR) submitted on DIP. Apart from this, restrictions have been imposed on debit and credit on 3.05 lakh bank accounts and payment wallets. Bharti Airtel, one of the big telecom companies, recently reported that it has blocked 1.80 lakh forged links after launching the advanced fraud-detection system. The company had said that about 3 million users have been protected from fraud by blocking these links.