The National Payments Corporation of India (NPCI) has released a public advisory to alert the public to an emerging risk in the realm of digital payments – the ‘Digital Arrest’ scam. As digital transactions gain popularity in India, NPCI emphasizes the critical need to identify and steer clear of online scams to safeguard personal and … Read more
Congress leader Jairam Ramesh on Monday gave his dissent note to the Joint Committee of Parliament on the Personal Data Protection Bill after the committee adopted its report at its meeting here. The former Union minister also lauded the democratic manner in which the committee functioned under the chairmanship of PP Chaudhuri for the past … Read more
Expanding the coverage of the statement of financial transactions (SFT) — annual information returns, in its earlier avatar, obtained from various sources — that identify potential taxpayers by examining spending patterns is fine. The only limit on how much data is collected is the tax department’s ability to use what is collected, while safeguarding data … Read more