Access over data does not depend on local storage but on the ability of nations to access data through legal instruments and cooperation. But the ban may impact consumers and investor sentiments.
The scheme has been formulated over concerns of inconvenience caused to the public and to ensure that sufficient cash is available through ATMs, RBI said in a circular.
While announcing the third bi-monthly monetary policy review Friday, RBI Governor Shaktikanta Das said reduction on lending rate has reduced the burden on households.
RBI Governor Shaktikanta Das says Monetary Policy Committee unanimously decided to continue with accommodative stance to support growth, keep inflation within target.
There are some early signs of moderation in inflation and a pick-up in growth, but RBI is likely to monitor growth and inflation before a decision on changing rates.
Foreign card payment network companies that fail to meet data localisation norms cannot register new customers or issue new cards in India. ThePrint explains.
Fueled by expectations of continued dovish monetary policy even as inflation fears deepen, traders bet India’s record-breaking stock rally continues to be a success.
According to the Reserve Bank of India's weekly data, the increase in foreign exchange reserves was due to the surge in foreign current assets (FCA) that rose by $463 million.
Bihar will evolve and eventually prosper. But the nature of the country’s political economy means that the journey for Bihar, and India, is slower than some would like.
While global corporations setting up GCCs in India continue to express confidence in availability of skilled AI engineers, the panel argued that India’s real challenge lies elsewhere.
Without a Congress revival, there can be no challenge to the BJP pan-nationally. Modi’s party is growing, and almost entirely at the cost of the Congress.
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