"This may be for a limited time period in cases where they may be doing some kind of data modelling etc to develop their solution," the source, who did not wish to be named, said. The draft DPDP has proposed exemption only for government notified data fiduciaries and data processing entities when it comes to data collection, data sharing, giving information around data processing etc.
Musk made the comments during a Twitter Spaces conversation on Saturday, adding that Apple is the largest advertiser on the social media network. The billionaire, who didn’t elaborate further on Apple, spoke for more than two hours from his private plane during the chat, which had more than 90,000 listeners.
RBI deputy governor T Rabi Sankar pulled up banks for ceding the Unified Payment Interface (UPI) space to an extent where most of the business is with non-banks. He warned banks that disruption in a small area of banks' business could be quickly scaled up to disrupt other parts of their business by the competitors.
The broad consensus among economists is that India may clock a GDP growth rate of almost 7% this fiscal year and about 6.5% next year — an exception in a world facing slowdown and even recessionary risks. But it won’t be easy as India too will be buffeted by strong headwinds.
The union minister informed that 100 per cent natural farming is being done in Dang district of Gujarat. In Himachal too, farmers are fast moving in this direction. Madhya Pradesh has planned it in 5,000 villages.
IPO-bound travel tech firm OYO on Saturday announced it will downsize about 10 per cent of its 3,700-employee base by cutting 600 jobs in the technology and corporate verticals and hiring 250 members, primarily in the relationship management teams.
The Reserve Bank of India's pilot project on retail digital Rupee is a "game changer", said SBI chairman Dinesh Khara, and added that it will have durable effects which would ensure better monetary transmission at much lesser costs. The RBI on Thursday announced the launch of a digital rupee retail pilot for a closed user group.