"India has proposed and promulgated several data localisation requirements that would serve as significant barriers to digital trade between the United States and India. These requirements, if implemented, would raise costs for service suppliers that store and process personal information outside India by forcing the construction or use of unnecessary, redundant local data centres in India ... [and] could serve as market access barriers, especially for smaller firms," the United States government said in its latest National Trade Estimate Report on Foreign Trade Barriers dated March 2022. The report also hits out at the Information Technology (IT) Rules, 2021, for being burdensome on US firms. The Indian government has been promoting data localisation on multiple fronts with the Reserve Bank of India leading the way for the financial sector and the Data Protection Bill proposing norms for all other sectors. While multiple companies and trade bodies have objected to these provisions, the US government's objections hold more sway and could bring about actual changes in policy. What are the US government's objections to the data localisation norms? RBI's norms in the financial sector: In 2018, RBI issued data localisation guidelines for all payment companies operating in India. As part of these guidelines, payment companies are required to store all information related to electronic payments by Indian citizens on servers located in India. As a result of these guidelines, Diners Club, American Express, and Mastercard were barred from issuing new cards in India. While the restrictions on Diners Club have been lifted, the…
- India’s central bank launches pilot of e-Rupee for retail segment: Here’s everything to know November 29, 2022
- Event Announcement: Reworking the Data Protection Bill, Delhi, 8th Dec #Ad November 29, 2022
- Telegram Discloses Names, Numbers, IP Addresses of Alleged Copyright Infringers to Delhi HC November 29, 2022
- Nashik residents question the linking of Aadhaar with Voter ID November 29, 2022
- What can we learn about crypto scams from WazirX’s latest transparency report? November 29, 2022
MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.
The Structure and Style of a Dogma Community: Conspiracy theories and organized Twitter engagement on Sushant Singh Rajput
Studying the 'community' supporting the late Sushant Singh Rajput (SSR) shows how Twitter was gamed through organized engagement
Do we have an enabling system for the National Data Governance Framework Policy (NDGFP) aiming to create a repository of non-personal data?
A viewpoint on why the regulation of cryptocurrencies and crypto exchnages under 2019's E-Commerce Rules puts it in a 'grey area'
India's IT Rules mandate a GAC to address user 'grievances' , but is re-instatement of content removed by a platform a power it should...
Why ‘group privacy’ should be recognised, and how ‘non-personal’ data becomes a regulatory blindspot
There is a need for reconceptualizing personal, non-personal data and the concept of privacy itself for regulators to effectively protect data
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...
135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...
Twitter takes down tweets from MP, MLA, editor criticising handling of pandemic upon government request
By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...