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RBI allows Mastercard to on-board new customers, after the network showed compliance with data localisation norms.
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RBI allows Mastercard to on-board new customers, after the network showed compliance with data localisation norms.
The response by MeitY does not quell concerns raised by privacy advocates.
It also elaborated on what type of logs should be kept.
Its trade report took aim at RBI's data localisation mandate for the second time in a row.
Identifying loopholes and uncertainties, panelists in a MediaNama discussion suggested how the bill can be mended.
India's approach to data localisation is laid out in key recommendations made by a parliamentary committee.
The RBI had imposed these bans after observing that not all payments companies were storing data in India.
The ban on Mastercard was imposed due to its non-compliance with the latest RBI guidelines despite several extensions.
The new feature might be an unintended consequence of the government's push for homegrown payment channels.
The proposed scheme would provide incentives on purchase of domestically manufactured servers, and is said to be in line with the Draft Data Policy...
