'The idea is to have a separate and independent consultation on non-personal data, and decide the contours of how it should be regulated, whether as guidelines, rules, or a separate policy,' said a senior official at MeitY.
The Bill says that the central government, in consultation with the Data Protection Authority, can direct any data fiduciary or data processor to provide non-personal data to enable better targeting of delivery of services. The government can also ask data processors to provide data for formulation of evidence-based policies for its own use.
The problem, says Chandrasekaran, arises from the lack of access to services, including healthcare, education and financial services.
Growing protectionism in their main markets - the US and the UK - has forced them to hire local workers, upending the cost arbitrage model they had built their business on.
India joins a select list of countries that have made entry for animals less bureaucratic, thereby helping families, including people like Rishabh, escape the warzone with their beloved companion animals.
The submission was made by the UN Special Rapporteurs on the promotion and protection of the right to freedom of opinion and expression Irene Khan; on the rights to freedom of peaceful assembly and of association Clement Nyaletsossi Voule; and the right to privacy, Joseph Cannataci.
The NASSCOM report said Indian tech industry contributed more than $375 million to the US Treasury between fiscal year 2011-2015
Recalling Prime Minister Narendra Modi's visit to America, United States Congress member Tulsi Gabbard on Sunday described him as 'man on a mission' and as leader with 'plan of action' for India.
A specialised force with 1,000 personnel to be formed in the state for the same.
It has been the preferred visa for Indian IT companies and has helped them keep costs down and gain a margin advantage over multinational players by sending engineers to the US.
Analysts say the impact on Indian entities would not be immediate
'We have to plan for whatever the new normal is.'
The Indian IT services sector is scrambling to retain talent since digitisation-led transformation has increased the demand for a digitally skilled workforce. As a result, the pull for jobs for tech professionals is also coming from non-IT sectors, leading to higher attrition among IT companies. The average number of tech jobs from non-IT sectors has seen a 41 per cent uptick in March-May'21 versus March-May'19, according to data from Naukri.com.
'During the pandemic, thousands of IT employees have lost their jobs.' 'Many of those who still have their jobs fear that they will lost it any moment.'
India ranks third among global startup ecosystems.
Creating a record, the CJI headed apex court collegium meetings led to appointment of 11 Supreme Court judges with nine of them, including three women, appointed in one go.
IIM Ahmedabad's CIIE signed a MoU with Tata Trust for founding partner for the Bharat Fund, which will provide seed funding to Indian entrepreneurs.
The linking of Aadhaar number with mobile SIM cards would enable the subscribers to use a host of services, including financial transactions.
Rajan posed the question while speaking at the annual leadership conference in Mumbai National Association of Software and Services Companies.
Trai has invited comments till January 7 on its paper on differential data pricing.
Never let self-doubt get in your way and the fear of rejection stop you from growing.
The tax portal problem is a goof-up by both sides, and making Infosys the only villain in the story is quite unfair, argues Shyamal Majumdar.
Some of the players in the GST race are Payworld, Dell, Tally Solutions
The idea is to create a start-up-like activity with a small business unit.
Stricter regulations in US forces industry to look at these countries with a market size of $300 billion
Europe is the second largest market for Indian IT-BPM industry.
One should appreciate the sagacity and audacity of JRD and Nani Palkhivala in founding TCS on April 1, 1968. At that time there was no Microsoft or Intel, SAP or Accenture, much less Google.
They needed a person who could build and execute their vision: A frontiersman; a problem solver and an institution builder. It was their and India's good fortune that Faqir Chand Kohli more than measured up to their requirements and indeed laid the foundation to take TCS to unimaginable heights and to the giant success that it is today. Shivanand Kanavi salutes the incomparable F C Kohli, who passed into the ages last week.
Prime Minister Narendra Modi will flag off the first phase of the pan India roll-out of COVID-19 vaccination drive at 10.30 am via video conferencing.
While the first wave of moving work to India was driven by cost considerations, increasingly companies are banking on local talent to add value to their business by jointly developing products and solutions.
Union Minister of Commerce and Textiles Piyush Goyal has stirred up a hornet's nest by taking on India Inc, specifically the Tata group, which is among the companies that lobbied against the Modi government's pro-consumer draft e-commerce policies. While Goyal's comments, made at a Confederation of Indian Industry (CII) event, were streamed live on YouTube, the industry lobbying body later edited the video and subsequently withdrew the entire speech. Goyal had said the Tata group and other Indian companies often lobbied for their interest, while ignoring national interest.
The report is based on a joint survey by Nasscom and the PricewaterhouseCoopers.
As a multi-agency probe into the NSE case gathers pace, the grant of preferential server and data access to select brokers and their suspected misuse are being investigated threadbare to unveil all quid pro quo arrangements in a highly-sophisticated scheme that worked like a cricket betting scandal, officials said on Monday. While the bourse has said it has taken several steps over the years to strengthen its technology infrastructure, including as per regulatory orders, the officials said certain fresh disclosures call for a detailed probe into whether a select group of individuals in high positions had banded together to make illicit gains by facilitating the preferential trading slots, beginning over a decade ago. Even a split-second faster access is said to result in huge gains for a trader.
The race to get a New Umbrella Entity (NUE) licence for digital payments may get crowded. As many as six consortiums are said to be in the fray to apply for an NUE licence, which would create a for-profit National Payments Corporation of India (NPCI)-like body for retail payments. A consortium led by Financial Software and Systems (FSS), a leading provider of payment products and payment processor, is in talks and may file an application to the RBI for an NUE license, said sources aware of the development. The other constituents of this group include Indian Bank, Central Bank of India, India Post Payments Bank, National Bank for Agriculture and Rural Development (Nabard), and a few small finance banks.
Digitisation and automation key challenges to business model
India is set to sign an agreement with the US to resolve transfer pricing disputes, which will then serve as a template for settling such rows with multinational companies based in the UK, France and other European countries.
The White House has not spelt out regulatory or legislative steps.
A 15 per cent corporate tax rate for services companies in SEZs, setting up a fund for deep-tech startups and establishing clusters to demonstrate design-to-manufacturing capabilities of tech firms were some of the key demands made by the IT sector at the pre-Budget consultation on Monday. The participants shared their views and suggestions regarding Big Data, incentives for encouraging setting up of data centres, fiscal incentives for data localisation, incentives for pushing digital penetration in rural areas, and corporate guarantee to startups for competing with other nations.
If convicted, the offences entail a maximum punishment of seven years.
India recorded 50,035 cases of cyber crime in 2020, an 11.8 per cent surge in such offences over the previous year, according to the National Crime Records Bureau (NCRB) data. The Reserve Bank of India (RBI) last week once again cautioned bank customers of fraud, including those in Know-Your-Customer (KYC) cases. In fact, certain frauds have become more prevalent than others, and being aware of them is the first step towards protect yourself. Mayur Joshi, chief executive officer, Indiaforensic.com, a company engaged in the prevention, detection, and investigation of frauds says, "It is necessary to learn, to read about these scams."
