e-commerce companies meet Piyush Goyal; express concerns related to RBI data storage requirements
New Delhi: Union Minister of Commerce and Industry & Railways, PiyushGoyal, held an extensive consultation with tech industry and e-Commerce companies in New Delhi wherein the all the companies who were represented in this meeting put forth their concerns related to RBI data storage requirements and processing related guidelines issued by the RBI.
The meeting was held by PiyushGoyal in order to understand their concerns and take their suggestions towards building a robust data protection framework that will achieve the dual purpose of privacy and innovation and strengthen India’s position as a global tech leader with focus on trust and innovation.
Deputy Governor of RBI, B.P. Kanungo, assured the industry representatives that the Reserve Bank of India will look into this.
SOURCE – ZEE NEWS