Fintech, India, Regulatory sandbox

(National Law University New Delhi)/ /Leave a comment

The Reserve Bank of India (RBI), India’s central banking institution created an inter-regulatory Working Group (WG) in July 2016 to study the scope and potential of FinTech and review the regulatory framework with which the industry has to comply. The goal of this exercise was to make rules and regulations more suitable for the ever-evolving…

Data protection, India

(National Law University New Delhi)/ /1 Comment

“Personal data is the currency of today’s digital market.”[1] -Viviane Reding, (Former Vice-President, the European Commission) Recently, a Committee of Experts (Srikrishna Committee) set up in India to draft a law for data protection in the country after enunciation of the right to privacy by the Indian Supreme Court, released the “Personal Data Protection Bill,…