The amended bill also provides for a stiff Rs 1 crore penalty and a jail term for private entities for storing Aadhaar data.
An all-out war had erupted on Twitter on Saturday after TRAI chief gave out his Aadhaar number, challenging anyone to show how mere knowledge of the number can be misused to harm him, triggering a deluge of tweets that claimed to disclose his personal details -- from PAN to mobile number.
In the first of a two-part series, Tamal Bandyopadhyay explains why the ICICI Bank's board first rushed to deny all allegations against Kochhar and then took the extreme steps against her.
The report touches on variety of issues including consent, rights of children, data protection authority and right to recall data.
'The striking down of the use of Aadhaar by private companies implicitly calls for the deletion or erasure of all personal data vested in the servers of the private service providers.'
'Some false information was carried to Delhi, these negative bits seemed to have played heavily.' Union Textiles Minister KS on why he opposes the Telangana decision.
After the first draft of the Bill was submitted under a committee chaired by Justice B N Srikrishna in 2018, there were objections raised by businesses, especially on the broad restrictions on cross-border data flow.
'Why does a State that sees a national security issue at every turn not recognise the seriousness of the data from sensitive databases being breached?'
A group of lawyers and activists want India's privacy law to ensure that autonomy, dignity and privacy are safeguarded, and proposes a penalty provision of up to Rs 10 million for those found violating the code and a jail term extending up to three years or a combination of both. Mayank Jain reports.
In Chanda's defence, one can always say, why would the Videocon Group take care of her husband as a quid pro quo to get a loan? After all, the group has taken money from the entire banking industry and ICICI Bank's share in the pie is not even 10 per cent. So, if it had a quid pro quo with Chanda to get the money, it must have had similar arrangements with other banks, too. If this is not the case, one must accept that it had got money from all banks, including ICICI, without any under-the-table conditions, points out Tamal Bandyopadhyay.
Moreover, all her existing and future entitlements such as any unpaid amounts, unpaid bonuses or increments, unvested and vested and unexercised stock options, and medical benefits will be revoked.
Justice B N Srikrishna, who heads the five-member committee to study the situation in Andhra Pradesh arising out of demand for separate Telangana, has said the final decision will have to be taken by the Centre.
Lack of clarity on data-sharing persists, public health experts sceptic about the pilot that was run in six Union territories as benchmark for national roll-out
Setting the Telangana process in motion, the Centre has cleared the way for the formation of an organisational structure for the Justice B N Srikrishna-headed Telangana committee.
The Supreme Court has appointed retired apex court judge Justice B Srikrishna to inquire into the recent clash between lawyers and police in the Madras High Court premises.The committee will submit its interim report within two weeks to the apex court.The SC also asked the state government to transfer four top police officials over the issue.
The Centre on Friday announced seven-point terms of reference for the Telangana committee, saying the panel will consult all sections of people in Andhra Pradesh, especially political parties, on the demand of a separate state. The five-member committee, headed by Justice (Retired) B N Srikrishna, will "examine the situation in Andhra Pradesh with reference to demand for a separate state of Telangana as well as the demand for maintaining the present status of united AP.
'I am not surprised that hubris brought Chanda Kochhar down. It would appear that as a person she thought she could do no wrong and as a leader she considered herself above what her company demanded of others in terms of financial probity and honesty. That, my friends, is NOT a good way for a leader to feel,' says S Muraleedharan, former managing director, BNP Paribas.
Even as keenly awaited terms of reference of Justice B N Srikrishna commission on Telangana were likely to be announced in New Delhi on Thursday, tension was mounting in the region once again. Leaders and legislators of Telangana region are becoming restive day by day.
Noting the benefits of Double Taxation Avoidance Convention between India and Mauritius, the SC recently said the recommendations of JPC for incorporating built-in safeguards in the treaty to check tax evasion was for the Parliament to take note of.
The FIR also said chairman of New Development Bank K V Kamath, Goldman Sachs India chairman Sonjoy Chatterjee, Standard Chartered Bank CEO Zarin Daruwala, Tata Capital head Rajiv Sabharwal and Tata Capital senior advisor Homi Khusrokhan need to be investigated.
We celebrate January 26 as Republic Day because that's the day on which we adopted the Constitution in 1950. Yet, in the days preceding and following Republic Day 2021, three different courts violated the Constitutional rights of citizens, observes Jyoti Punwani.
Journalists will be exempted from seeking consent of individuals before collecting and reviewing their personal data to be used in news reports.
'If Indians are to be truly protected, Parliament must review and address these dangerous provisions before they become law.'
'She was either overconfident that nothing will happen to her or she underestimated the gravity of the allegations.'
The system envisaged under the FRDI Bill, if implemented properly, would help improve the efficiency of capital allocation without harming consumers, and without risking the stability of financial firms, says Ajay Shah.
There is considerable speculation as to whether this award would have any bearing on another Vodafone-type case, namely, the ongoing tax-related arbitration proceedings with Cairn Energy.
The minister also cautioned the social media giant and its CEO Mark Zuckerberg of repercussions under the IT Act in case of any data breach came to light.
The Group of Ministers on Telangana is set to discuss the draft bill for the creation of Telangana on Saturday.
Pranab Mukherjee's stewardship of the economy will stand out as much for the manner in which he managed controversies as for creating quite a few of them, says A K Bhattacharya.
'The nation State can thrive if all communities believe they have a stake in it; that their interests will be safeguarded; that there will be no discrimination; that there will be justice.' 'The political leadership of this country needs to decide whether it wants to mitigate these challenges to the nation by making necessary correction or whether it wants to ignore these questions that Yakub's noose has left behind,' says Ankur Bhardwaj.
Admittedly, EVMs too have a UID number and any convergence of data can make the secret ballot system a party of history, warns Dr Gopal Krishna in the 5th part of his series against Aadhaar.
The Election Commission sent a notice to Mangal Prabhat Lodha, the BJP's Mumbai chief. This is probably because a leading newspaper highlighted his utterances on its front page.
The ICICI board, which consists 12 members, is divided on whether Kochhar should be on leave during the internal enquiry
'We are in touch independently with leading players, and they are denying it as well.' 'The Indian digital footprint is rising, creating new opportunities.'
'The hour is very late, and the choice between triumph and tragedy knocks at our door,' says Ajay Shah.
'Muslims are depressed and disillusioned.' 'The safety valve is that we still have a multicultural mosaic in West Bengal, Tamil Nadu, Karnataka and Kerala.'
A glance back at some of the important ups and down Indian Inc faced in 2018.
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