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Explained: Why the world is debating data flow -Karishma Mehrotra

-The Indian Express Should data be allowed to flow freely or localised at source? As IT Ministry prepares to present data protection Bill in Parliament and countries argue at global forums, a look at both sides of the debate. The IT Ministry’s Bill on data protection is scheduled to be introduced in Parliament during the current session. Worldwide, the data flow debate is playing out at the World Trade Organisation (WTO)...

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Traders, MSMEs saw 3.5 mn job losses due to note ban, GST, other factors -TE Narasimhan & Gireesh Babu

-Business Standard Among various solutions, AIMO pushed for the supply of raw materials such as steel and aluminium to MSMEs at a lower subsidised cost Chennai: The TMSME (Traders, micro, small and medium enterprises) sector has seen a loss of around 3.5 million jobs in the past 4.5 years, according to a survey conducted by the All India Manufacturers Organisation (AIMO). Demonetisation and the goods and services tax (GST) are the main...

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India vulnerable to cyber crime, must upgrade defence: Study

-The Times of India NEW DELHI: Demonetisation and the subsequent push for digitisation has escalated risks relating to cyber crime and India needs to urgently upgrade its defences by setting up a cyber security commission on the lines of the Atomic Energy and Space Commissions, according to an IIT Kanpur study shared with Parliament's committee on finance. Noting that the government has initiated a number of programmes to enhance the participation of...

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Card, online payments made safer; customer liability cut

-The Times of India MUMBAI: Electronic payments have become safer for consumers with the Reserve Bank of India (RBI) introducing the concept of 'zero liability' and 'limited liability' for bank customers for any card or online fraud. The central bank has also made it mandatory for banks to register all customers for text message alerts and permit reporting of unauthorized transactions through a reply to the alert message. The proposal to limit...

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SBI ATM, online, cash transaction fees change from June 1: All you need to know -Ramarko Sengupta

-The Times of India State Bank of India (SBI) has revised service charges on ATM (Automated Teller Machine) withdrawals for users of its mobile app "SBI Mobile Buddy", as well as for various other cash and Online transactions, effective from June 1. The country's largest lender will start charging customers Rs 25 per transaction for withdrawing money from an ATM through its mobile wallet app from Thursday. The SBI mobile wallet allows...

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