Latest news with #FARs
Time of India
04-08-2025
- Business
- Time of India
‘Complaints of fraud over 6cr must be filed with CBI'
Lucknow: A bank fraud of less than Rs 6 crore – be it in public or private sector – should be reported to the state police while the complaint of a fraud of more than Rs 6 crore should be filed with the CBI, said joint director of Lucknow unit of CBI, Ashok Kumar. Addressing UP Police personnel during a session on Monday, Kumar said critical elements of criminality were often overlooked or misunderstood. "Banks frequently rely on internal audits or internet-based policy checks to flag issues, without examining the deeper criminal intent behind a transaction or fraudulent behaviour," he said. "Investigating officers and supervisory personnel should not only identify where the mala fide intent originated but also collect legally admissible evidence to support prosecution. Basic regulatory lapses begin right from company registration stage. Often, KYC norms, PAN verifications, and document authenticity checks are skipped — allowing fraudulent businesses to access large loans," Kumar said. "Bank fraud is highly technical, involving complex financial layering and misuse of credit facilities," he said, urging investigators to constantly upgrade their domain knowledge and forensic capabilities. The officer also underlined patterns of misleading Fraud Assessment Reports (FARs) including forged invoices, shallow inspections, fake CA certificates, and loan diversions.
Fox News
23-04-2025
- Fox News
Robotic and drone tech make fruit picking and handling easier
Farming is undergoing a remarkable transformation thanks to cutting-edge technologies reshaping how fruit is picked and handled. While autonomous drones like Tevel's Flying Robots are already harvesting fruit globally, innovations like UC San Diego's GRIP-tape gripper represent the next frontier in gentle produce handling. Together, these advancements promise to make fruit production more efficient and precise, though one is a proven solution and the other is a glimpse into farming's future. Tevel's Flying Autonomous Robots (FARs) are redefining fruit harvesting by combining artificial intelligence with advanced computer vision. These drones navigate through orchards, identifying and picking only the fruit that has reached peak ripeness. Their ability to maneuver carefully around branches allows them to harvest without bruising or harming the trees. Unlike human pickers, these drones can operate continuously, working day and night to get the job done faster and more consistently. Farmers benefit from detailed, real-time information about the harvest, including the size, color and ripeness of each fruit, all accessible through a mobile app. This data helps optimize harvesting schedules and reduce waste. FARs have already been deployed in orchards across the United States, Italy, Chile and Israel, where they have helped reduce labor costs by up to 30% while improving harvest accuracy. Multiple drones work together from a mobile platform, covering large orchard areas efficiently. Beyond picking, these robots also detect diseases and track the location of each fruit bin, providing farmers with valuable insights to manage their crops better. While Tevel's drones tackle harvesting, UC San Diego's GRIP-tape gripper remains in the experimental stage as a solution for post-harvest handling. Inspired by steel measuring tapes, this prototype uses layered "fingers" to grasp delicate fruits gently. Early tests show promise in handling objects like lemons and tomatoes without damage, but it has yet to be widely adopted in farming. The gripper's motorized reels allow its tape-based fingers to extend, rotate and convey items like a conveyor belt. Researchers highlight its low cost and safety around humans, but further development is needed to integrate it into commercial packing lines or harvesters. Tevel's drones are already transforming orchards, while the GRIP-tape gripper offers a vision of how delicate produce handling could evolve. The combination of real-world automation and experimental robotics highlights both the immediate benefits and long-term potential of agritech innovation. As we watch technology take on more roles in farming, it's clear that drones like Tevel's are already making a real difference in how fruit gets harvested. Meanwhile, concepts like the GRIP-tape gripper show us what might be just around the corner, a gentler, smarter way to handle delicate produce. There's plenty of potential ahead, and it will be interesting to see how these technologies continue to evolve and work together to support farmers and the food we all enjoy. Are we willing to sacrifice human jobs for the sake of progress, or can we find a balance that protects both livelihoods and innovation? Let us know by writing us at For more of my tech tips and security alerts, subscribe to my free CyberGuy Report Newsletter by heading to Follow Kurt on his social channels: Answers to the most-asked CyberGuy questions: New from Kurt: Copyright 2025 All rights reserved.
