Data Protection Bill: Fine of Rs 250 Crore for Data Breaches
The Indian government introduced the Digital Personal Data Protection Bill, 2023, in the Lok Sabha to safeguard private data. It includes penalties of up to Rs. 250 crore for data breaches. Digital platforms must obtain explicit consent from users before processing their data and allow them to withdraw consent anytime. Exceptions to consent include medical…
Vishal Prajapati
Morgan Stanley Increases India’s Rating, China Faces Downgrade
Global brokerage Morgan Stanley has upgraded India to an overweight rating in its latest report. India has surged its rank from sixth to first, with more favourable valuations than in October. The country benefits from foreign direct investment (FDI) and portfolio flows bolstered by multipolar world trends. India’s reform and macro-stability agenda supports a positive…
Government To Release Digital India Bill In June
The full-fledged draft of the Digital India Bill is expected to be released in the first week of June, Minister of State for Electronics and Information Technology Rajeev Chandrasekhar said in Mumbai on May 23. The legislation will regulate a wide gamut of digital services, including social media platforms, as the Central Government is planning…
Withdrawal Of Highest Currency Note: Know The Impacts
The Reserve Bank of India (RBI) on Friday, May 19, declared that the ₹2000 note will be withdrawn from circulation but will continue to be legal tender. However, this is not a demonetisation exercise; instead, it will remain legal tender, and the people can deposit or exchange their ₹2000 notes until September 30, 2023. It…
Vodafone Idea Decides To Converse Debts Into Equity, Government Owns The Share
On Tuesday, Vodafone-Idea informed the exchanges about the decision of resolving debts and interests converting into government equity. The company decided to adjust the gross revenue dues by converting them into equity. This is a smart business move by Vodafone. Vi was under debt, which exceeded Rs 2 lakh crore, and tried methods to raise…
John David
New Scrappage Policy Launched: What Mr. Gadkari Says On It
New Delhi: PM Narendra Modi announced a new scrappage policy on Friday. It is also known as Voluntary Vehicle-Fleet Modernization Program (VVMP). The new scrap policy will bring many new changes across the country, ranging from increased new auto sales to reducing pollution and limiting the road accidents that have been a significant reason for…