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India to revisit stringent data rules that upset foreign firms
- Wednesday | 19th June, 2019
NEW DELHI (Reuters) – India will examine concerns raised by foreign technology companies around stringent rules to store data locally, the government said on Tuesday, an issue that has upset firms such as Mastercard and also irked the US government. On Monday Commerce Minister Piyush Goyal and leaders of technology companies discussed several federal plans in the works to push for more stringent data rules. The Reserve Bank of India (RBI) last year mandated foreign payment firms must store their payments data only in India to allow supervision. India wants more stringent data storage rules so it can better access data and conduct investigations when the need arises. E-COMMERCE POLICYOther than RBI rules, India has also drafted an overarching law on data storage which calls for all personal data determined to be critical to be processed locally.
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