In response to a Right to Information (RTI) request, the Reserve Bank of India (RBI) refused to share the whitelist of permitted digital lending apps (DLA) sent to Google Play Store and Apple App Store citing confidentiality, among other reasons. Earlier in February, the Ministry of Finance told the parliament that a whitelist of permitted digital lending apps has been given by the RBI to the IT Ministry, which in turn, has sent this list to app stores. With regard to this, we filed an RTI request with the RBI, asking it for a copy of the whitelist. The central bank responded by saying: "The information sought is a confidential correspondence from the Reserve Bank to the Ministry of Electronics and Information Technology, public disclosure of which may prejudicially affect the economic interests of the State and accordingly is exempted from disclosure under section 8(1)(a) of the RTI Act. Further, the information sought is exempted from disclosure under Section 8(1)(e) of the RTI Act as the information is collated by RBI from the Regulated Entities in pursuant to an action point emanating from a meeting convened by Union Finance Minister on September 08, 2022, and the information is provided in the fiduciary capacity and not under any statutory mandate." MediaNama's Take: What is confidential here? We have no idea why RBI is considering this information "confidential" and something that will "affect the economic interests of the State." How will a whitelist of permitted lending apps affect the economic interests of the…
RBI refuses to share whitelist of digital lending apps citing confidentiality: RTI
Earlier in February, the Ministry of Finance told the parliament that a whitelist of permitted digital lending apps has been given by the RBI to the IT Ministry
- Hopeful to See Action Against E-Pharmacies Selling Medicines Online Without Licenses: Pharmacy Body Writes to States and UTs June 3, 2023
- Meta to give advertisers more control using AI and content filters June 2, 2023
- Transparency Report: Here’s all Facebook, Instagram, Twitter and Google had to say about user complaints in April June 2, 2023
- Views: Informed Consent—Fiction, Not Fact June 2, 2023
- Instagram explains how it ranks content on the platform June 2, 2023
MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.
Is it safe to consider all "publicly available data" as public?
PhonePe launched an e-commerce buyer app for ONDC called Pincode. We, however, believe that it should also launch a seller app.
Amazon announced that it will integrate its logistics network and SmartCommerce services with the Open Network for Digital Commerce (ONDC).
India's smartphone operating system BharOS has received much buzz in the media lately, but does it really merit this attention?
After using the Mapples app as his default navigation app for a week, Sarvesh draws a comparison between Google Maps and Mapples
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...
Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...