To have comprehensive prosecution frame work to deal with onslaught of cyber crimes/frauds
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Present law is in-capable of handling onslaught of online financial crimes due rapid demonetization in India. For example, in certain cases, mandate for police is to complete investigation within in 72 hours. Since they work 24 x 7 they get 03 days to complete invetigation. However to complete their investigation, police are dependent on Banks who work 08 hrs x 09 days = 72 Hours and takes shield of banking laws promulgated by RBI and take 09 days to respond for police queries and request. This is not the only shortcoming. There are numerous other gaps like there is no separate bench in high court or supreme court dedicated to redress grievances quickly, no grass root level education at schools, not enough staff at cyber cells, poor response due high expenses to crimes originating from foreign countries, judges and lawyers are not geared up with adequate knowledge, etc
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