KYC fraud: In a bid to prevent Know Your Customer (KYC) data from fraud and misuse, the launch date for masking KYC identifiers in the Central KYC Records Registry (CKYCRR) has been extended to January 20, 2025. This effort, designed to enhance data security and curb potential misuse, will conceal sensitive KYC information such as Aadhaar, … Read more
PAN 2.0: The Central government has rolled out PAN 2.0, an upgraded iteration of the Permanent Account Number (PAN) system, aimed at enhancing taxpayer services in the country in line with its Digital India campaign. PAN 2.0 is an electronic governance project that aims to streamline the taxpayer registration process through the use of technology. … Read more
Union Minister Ashwini Vaishnaw on Monday said the Centre will be introducing PAN 2.0, touted as an upgrade to Permanent Account Number (PAN), which serves as a unique taxpayer identification number. PAN 2.0 will be an advanced iteration of the country’s PAN system, aimed at streamlining business and citizen-centric operations. The PAN 2.0 Project is … Read more
New Delhi: A joint report by Deloitte India and the Data Security Council of India (DSCI) highlights that Indian hospitals are steadily advancing in cybersecurity practices. According to the report, 89 per cent of hospitals have implemented third-party risk management systems to safeguard patient data and mitigate cybersecurity risks posed by vendor networks. However, only … Read more
The revised Data Protection Bill envisages imposition of stiff financial penalties if organisations fail to contain data breaches or intimate users and the government about such incidents, a draft version revealed. ET reviewed some portions of the Bill that has been renamed as the Digital Data Protection Bill. It is expected to be released for … Read more
by Shiva Pillay During 2020 and 2021, there was a shift in focus to improving remote working capabilities, access to cloud infrastructure and securing data. Over the next year, however, I believe businesses will desire more control of their data, with a greater focus on the ability to facilitate portability and seamless response to the … Read more
China, the world’s biggest vehicle market where regulators are implementing new rules on data protection, is developing machines that will be able to track data sent abroad by cars, a government-backed agency said on Tuesday. Cars are being fitted with an ever-increasing array of sensors and cameras to assist drivers. But the data such equipment … Read more
The Drugs and Cosmetics (D&C) Act, 1940 regulates the import, manufacture, distribution and sale of drugs and cosmetics. The Union Health Ministry has formed a committee to frame the New Drugs, Cosmetics and Medical Devices Bill for the enactment of New Drugs, Cosmetics and Medical Devices Act. As per the terms of reference of the order … Read more
HYDERABAD: India has witnessed USD 38 billion investments in tech companies during the past six months when the whole world is reeling under COVID-19 pandemic, NITI Aayog CEO Amitabh Kant said on Tuesday. Speaking in a session of the three-day TiE Global Summit (TGS)being held virtually, Kant said the Indian startup ecosystem witnessed launch of … Read more