RBI to Review Data Storage Rules for Payment Firms: Government

somnath chakraborty

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The Reserve Bank of India (RBI) will look into concerns about data storage rules that have been raised by companies, a government statement said on Tuesday, months after entities such as Mastercard and Visa were forced to store more of their data locally in the country.On Monday, India's commerce minister met technology companies and heard their concerns about various federal plans to push for more stringent rules on data storage, which government officials say would help them better access data and conduct investigations.
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