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Minister alleges FBR harassing IT, telecom sector

Minister alleges FBR harassing IT, telecom sector Expresses concern over tax notices issued to companies which may affect exports ISLAMABAD: Minister for IT and Telecommunication Syed Aminul Haq has alleged that the Federal Board of Revenue (FBR) is harassing the IT and telecom sector by sending tax notices, adding that the move may affect export remittances. Chairing a meeting of the Prime Minister’s Task Force on IT, the minister expressed concern over the issuance of tax notices to the IT and telecom sector by the FBR. He said that it was spreading confusion among the industry people and investors, which could affect the process of stabilisation through remittances. In the past, the FBR had sent a notice to Jazz telecom company and even sealed its head office in Islamabad that resulted in a legal battle in the Islamabad High Court.

Regulatory system needs a rethink after data breaches at Juspay and MobiKwik, say experts

5 hours ago The fintech and startup ecosystem that has emerged in recent years has a major governance issue: data breaches and leaks are not taken seriously. Unfortunately, the regulatory system has not woken up to the fact that the recent data breaches at Juspay and MobiKwik can significantly cause harm to idle users in the future. The Indian government is yet to introduce a Personal Data Protection Law (PDP Law) in Parliament at a time when incidents of data breaches and personal information being sold on the darkweb are increasing year-on-year. The lack of a Data Protection Authority and a Personal Data Protection Law means that there is regulatory ambiguity in terms of who should respond to breaches and investigate them. Industry experts told MediaNama that the entire regulatory system needs to be strengthened, business models need a rethink and that companies need to be made more accountable, whether through the courts or through internal governance practices.

Data of 10 Cr MobiKwik users breached, put for sale on dark web

Data of 10 Cr MobiKwik users breached, put for sale on dark web
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