#Factcheck-Allu Arjun visits Shiva temple after success of Pushpa 2? No, image is from 2017

Introduction

Cyber financial offences in India have experienced an alarming surge both in terms of frequency and complexity. Be it phishing attacks or organised fraud syndicates, the nation has been facing a spurt in online financial threats, which leave the victims at their mercy because of procedural lags on the part of law enforcement agencies. To counter this, the Government of India has stepped up measures to create a Cyber-Secure Bharat, focusing on speedy resolution, accountability, and digital empowerment. A key move in this direction is the introduction of the e-Zero FIR initiative, brought forth by the Ministry of Home Affairs (MHA) with Union Home Minister Amit Shah at the helm. This newly developed digital-first system is expected to revolutionise the way cyber financial crimes, particularly those that result in high monetary losses, are handled and investigated.

What Is the e-Zero FIR Initiative?

The e-Zero FIR program is a technology-based platform that enables the automated registration of Zero FIRs for value cyber financial crimes. Led by the Indian Cybercrime Coordination Centre (I4C), Ministry of Home Affairs, the programme is now piloted in Delhi and aims to fill a pressing lacuna: the time lag involved in transitioning cybercrime complaints to First Information Reports (FIRs).

Complaints of financial frauds worth more than ₹10 lakh, reported through the National Cybercrime Reporting Portal (NCRP) or helpline number 1930, will be automatically turned into e-Zero FIRs under this scheme. Such electronic FIRs are directed to the e-Crime Police Station in Delhi, regardless of jurisdiction, and then relayed to the corresponding territorial cybercrime unit. Complainants can visit the cybercrime Police Station within 3 days and get the Zero FIR converted into a regular FIR.

Key Features of the Initiative

1. Pilot Implementation in Delhi

Launched as a pilot project in Delhi, it will later serve as the first use case for the national rollout. The success of the pilot will determine its implementation in other states and Union Territories.

2. Seamless Digital Integration

The project provides strong back-end integration between:

• NCRP (National Cybercrime Reporting Portal)
• e-FIR System (Delhi Police)
• CCTNS (Crime and Criminal Tracking Network & Systems – NCRB)

This integrated model enables complaints to pass smoothly between platforms and agencies.

3. Zero FIR Auto-Registration and Routing

Now, for complaints lodged through 1930 or the National Cyber Crime Reporting Portal related to financial losses exceeding the threshold of ₹10 lakh, the system will automatically register a Zero FIR to the e-Crime Police Station of Delhi and then route it to the concerned territorial cybercrime police station, triggering immediate case processing.

4. Victim-Centric Conversion Mechanism

Complainants are given 3 days from the time of filing to physically report to the police station and transform the e-Zero FIR into a conventional regular FIR under Section 173 (1) and 1(ii) of the newly enacted Bhartiya Nagrik Suraksha Sanhita (BNSS). This ensures legal redress is quicker and easier.

Impact and Significance: The CyberPeace View

The e-Zero FIR system is a significant change in India's cybercrime enforcement, offering quicker response times and improved recovery opportunities. Cyber fraud reported within the "golden hour" can boost recovery levels of financial fraud. The system also eliminates jurisdictional barriers and procedural bottlenecks, making it more victim-friendly. Union Home Minister Amit Shah emphasised the initiative's alignment with Prime Minister Narendra Modi's vision of a digitally resilient India. The system is a scalable national model of tech-based policing supported by organised digital workflows. The initiative allows for real-time analysis of fraud graphs and detection of fraud syndicates through identification and device-based clustering. This is a step towards more automated, context-aware cyber policing, focusing on AI, identity graphs, and velocity to prevent crimes. The system is a step towards a next-generation cyber law enforcement strategy, focusing on AI, identity graphs, and velocity.

Conclusion

The roll-out of the e-Zero FIR program is a turning point in India's battle against cybercrime. By marrying automation with inter-agency coordination and easy-to-use mechanisms, the government has eradicated one of the major stumbling blocks for victims, the delay in taking legal action. Though its pilot phase targets high-value financial frauds in Delhi, its potential for having a countrywide impact is vast. With digital transactions on the upswing and frauds getting more cunning, efforts like these are the key to making a safe, responsive, and victim-centric cyber environment. CyberPeace commends and welcomes this important move towards establishing a Cyber-Secure Bharat, wherein all citizens can make digital transactions with confidence.

References

• https://www.pib.gov.in/PressReleasePage.aspx?PRID=2129715
• https://www.mha.gov.in/en
• https://cybercrime.gov.in/
• https://www.ncrb.gov.in/
• https://economictimes.indiatimes.com/wealth/save/new-e-zero-fir-govt-launches-pilot-for-swift-action-against-cybercrimes-how-it-can-help-you/articleshow/121314437.cms?from=mdr

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According to Statista, the number of users in India's digital assets market is expected to reach 107.30m users by 2025 (Impacts of Inflation on Financial Markets, August 2023). India's digital asset market has been experiencing exponential growth fueled by the increased adoption of cryptocurrencies and blockchain technology. This furthers the need for its regulation. Digital assets include cryptocurrencies, NFTs, asset-backed tokens, and tokenised real estate. 

India has defined Digital Assets under Section 47(A) of the Income Tax Act, 1961. The Finance Act 2022-23 has added the word 'virtual' to make it “Virtual Digital Assets”. A “virtual digital asset” is any information or code, number, or token, created through cryptographic methods or otherwise, by any name, giving a digital representation of value exchanged with or without consideration. A VDA should contain an inherent value and represent a store of value or unit of account, functional in any financial transaction or investment. These can be stored,  transferred, or traded in electronic format. 

Digital Asset Governance: Update and Future Outlook

Indian regulators have been conservative in their approach towards digital assets, with the Reserve Bank of India first issuing directions against cryptocurrency transactions in 2018. This ban was removed by the Supreme Court through a court order in 2020. The presentation of the Cryptocurrency and Regulation of Official Digital Currency Bill of 2021 is a fairly important milestone in its attempts to lay down the framework for issuing an official digital currency by the Reserve Bank of India. While some digital assets seem to have potential, like the Central Bank Digital Currencies (CBDCs) and blockchain-based financial applications, a blanket prohibition has been enforced on private cryptocurrencies.

However, in more recent trends, the landscape is changing as the RBI's CBDC is to provide a state-backed digital alternative to cash under a more structured regulatory framework. This move seeks to balance state control with innovation on investor safety and compliance, expecting to reduce risk and enhance security for investors by enacting strict anti-money laundering and know-your-customer laws. Highlighting these developments is important to examine how global regulatory trends influence India's digital asset policies.

Impact of Global Development on India’s Approach 

Global regulatory developments have an impact on Indian policies on digital assets. The European Union's Markets in Crypto-assets (MiCA) is to introduce a comprehensive regulatory framework for cryptocurrencies that could act as an inspiration for India. MiCA regulation covers crypto-assets that are not currently regulated by existing financial services legislation. Its particular focus on consumer protection and market integrity resonates with India in terms of investigating needs related to digital assets, including fraud and price volatility. Additionally, evolving policies in the US, such as regulating crypto exchanges and classifying certain tokens as securities, could also form the basis for India's regulatory posture.

Collaboration on the international level is also a chief contributing factor. India’s regular participation in global forums like the G20, facilitates an opportunity to align its regulations on digital assets with other countries, tending toward an even more standardised and predictable framework for cross-border transactions. This can significantly help India given that the nation  has a huge diaspora providing a critical inflow of remuneration.

CyberPeace Outlook

Though digital assets offer many opportunities to India, challenges also exist. Cryptocurrency volatility affects investors, posing concerns over fraud and illicit dealings. A balance between the need for innovation and investor protection is paramount to avoid killing the growth of India's digital asset ecosystem with overly restrictive regulations.

Financial inclusion, efficient cross-border payments with low transaction costs, and the opening of investment opportunities are a few opportunities offered by digital assets. For example, the tokenisation of real estate throws open real estate investment to smaller investors. To strengthen the opportunities while addressing challenges, some policy reforms and new frameworks might prove beneficial. 

CyberPeace Policy Recommendations

• Establish a regulatory sandbox for startups working in the area of blockchain and digital assets. This would allow them to test innovative solutions in a controlled environment with regulatory oversight minimising risks.
• Clear guidelines for the taxation of digital assets should be provided as they will ensure transparency, reduce ambiguity for investors, and promote compliance with tax regulations. Specific guidelines can be drawn from the EU's MiCA regulation.  
• Workshops, online resources, and campaigns are some examples of initiatives aimed at improving consumer awareness about digital assets, benefits and associated risks that should be implemented. Partnerships with global fintech firms will provide a great opportunity  to learn best practices.

Conclusion

India is positioned at a critical juncture with respect to the debate on digital assets. The challenge which lies ahead is one of balancing innovation with effective regulation. The introduction of the Central Bank Digital Currency (CBDC) and the development of new policies signal a willingness on the part of the regulators to embrace the digital future. In contrast, issues like volatility, fraud, and regulatory compliance continue to pose hurdles. By drawing insights from global frameworks and strengthening ties through international forums, India can pave the way for a secure and dynamic digital asset ecosystem. Embracing strategic measures such as regulatory sandboxes and transparent tax guidelines will not only protect investors but also unlock the immense potential of digital assets, propelling India into a new era of financial innovation and inclusivity.

References

• https://www.weforum.org/agenda/2024/10/different-countries-navigating-uncertainty-digital-asset-regulation-election-year/ 
• https://www.acfcs.org/eu-passes-landmark-crypto-regulation 
• https://www.indiabudget.gov.in/budget2022-23/doc/Finance_Bill.pdf 
• https://www.weforum.org/agenda/2024/10/different-countries-navigating-uncertainty-digital-asset-regulation-election-year/
• https://www3.weforum.org/docs/WEF_Digital_Assets_Regulation_2024.pdf 

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The world of Artificial Intelligence is entering a new phase with the rise of Agentic AI, often described as the third wave of AI evolution. Unlike earlier systems that relied on static models (that learn from the information that is fed) and reactive outputs, Agentic AI introduces intelligent agents that can make decisions, take initiative, and act autonomously in real time. These systems are designed to require minimal human oversight while actively collaborating and learning continuously. Such capabilities indicate an incoming shift, especially in the ways in which Indian businesses can function. For better understanding, Agentic AI is capable of streamlining operations, personalising services, and driving innovations at scale.

India and Agentic AI

Building as we go, India is making continuous strides in the AI revolution- deliberating on government frameworks, and simultaneously adapting. At Microsoft's Pinnacle 2025 summit in Hyderabad, India's pivotal role in shaping the future of Agentic AI was brought to the spotlight. With over 17 million developers on GitHub and ambitions to become the world's largest developer community by 2028, India's tech talent is gearing up to lead global AI innovations. Microsoft's Azure AI Foundry, also highlighted the country's growing influence in the AI landscape.

Indian companies are actively integrating Agentic AI into their operations to enhance efficiency and customer experience. Zomato is leveraging AI agents to optimise delivery logistics, ensuring timely and efficient service. Infosys has developed AI-driven copilots to assist developers in code generation, reducing development time, requiring fewer people to work on a particular project, and improving software quality. 

As per a report by Deloitte, the Indian AI market is projected to grow potentially $20 billion by 2028. However, this is accompanied by significant challenges. 92% of Indian executives identify security concerns as the primary obstacle to responsible AI usage. Additionally, regulatory uncertainties and privacy risks associated with sensitive data were also highlighted.

Challenges in Adoption

Despite the enthusiasm, several barriers hinder the widespread adoption of Agentic AI in India:

• Skills Gap: While the AI workforce is expected to grow to 1.25 million by 2027, the current growth rate of 13% is considered to be insufficient with respect to the demands of the market. 
• Data Infrastructure: Effective AI systems require robust, structured, and accessible datasets. Many organisations lack the necessary data maturity, leading to flawed AI outputs and decision-making failures.
• Trust and Governance: Building trust in AI systems is crucial. Concerns over data privacy, ethical usage, and regulatory compliance require robust governance frameworks to ensure the adoption of AI in a responsible manner.
• Looming fear of job loss: As AI continues to take up more sophisticated roles, a general feeling of hesitancy with respect to the loss of employment/human labour might come in the way of adopting such measures.
• Outsourcing: Currently, most companies prefer outsourcing or buying AI solutions rather than building them in-house. This gives rise to the issue of adapting to evolving needs.

The Road Ahead

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To fully realise the potential of Agentic AI, India must address the following challenges :

• Training the Workforce: Initiatives and workshops tailored for employees that provide AI training can prove to be helpful. Some relevant examples are Microsoft’s commitment to provide AI training to 2 million individuals by 2025 and Infosys's in-house AI training programs.
• Data Readiness: Investing in modern data infrastructure and promoting data literacy are essential to improve data quality and accessibility.
• Establishing Governance Frameworks: Developing clear regulatory guidelines and ethical standards will foster trust and facilitate responsible AI adoption. Like the IndiaAI mission, efforts regarding evolving technology and keeping up with it are imperative.

Agentic AI holds unrealised potential to transform India's business landscape when coupled with innovation and a focus on quality that enhances global competitiveness. India is at a position where by proactively addressing the existing challenges, this potential can be realised and set the foundation for a new technological revolution (along with in-house development), solidifying its position as a global AI leader.

References

• https://economictimes.indiatimes.com/tech/artificial-intelligence/india-facing-shortage-of-agentic-ai-professionals-amid-surge-in-demand/articleshow/120651512.cms?from=mdr
• https://economictimes.indiatimes.com/tech/artificial-intelligence/india-a-global-leader-in-agentic-ai-adoption-deloitte-report/articleshow/119906474.cms?from=mdr
• https://inc42.com/features/from-zomato-to-infosys-why-indias-biggest-companies-are-betting-on-agentic-ai/
• https://www.hindustantimes.com/india-news/agentic-ai-next-big-leap-in-workplace-automation-101742548406693.html
• https://www.deloitte.com/in/en/about/press-room/india-rides-the-agentic-ai-wave.html
• https://www.businesstoday.in/tech-today/news/story/ais-next-chapter-starts-in-india-microsoft-champions-agentic-ai-at-pinnacle-2025-474286-2025-05-01
• https://www.hindustantimes.com/opinion/calm-before-ai-storm-a-moment-to-prepare-101746110985736.html‍
• https://www.financialexpress.com/life/technology/why-agentic-ai-is-the-next-big-thing/3828357/