Supreme Court Weekly Roundup [Jan 25 â Jan 31]
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Top Stories: 1. We Are Concerned About Broadcasts Which Incite Violence : Supreme Court Seeks Clarity From Centre On Powers Under Cable TV Act A Bench led by CJI SA Bobde asked the Central Government about its powers under Cable TV Networks(Regulation) Act 1994 to control broadcast of content (by electronic media), that has a tendency to incite violence. We aren t concerned so.
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January 13, 2021
In an affidavit filed before the Supreme Court, the Reserve Bank of India (RBI) has said that companies like WhatsApp, Google and Amazon have to abide by rules and regulations set by the National Payments Corporation of India (NPCI) for operating Unified Payments Interface (UPI) services, and that the central bank is not the authority responsible. Bar and Bench was the first to report the development.
The affidavit was filed in a plea by Communist Party of India Member of Parliament Binoy Viswam. The petition has sought the top court’s intervention to ensure that tech giants like Google, WhatsApp and Amazon do not mis-use data that is collected by them by their respective apps on the UPI platform. It asked that the court to direct the RBI and NPCI to ensure that tech giants who operate UPI services do not collect and share data with their parent companies or third parties.
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Under the provisions of the Payment and Settlement Systems Act,
2007, the Reserve Bank of India (
RBI) and Indian
Banks Association (
IBA) formulated an organisation
called National Payments Corporation of India
(
NPCI) for operating retail payments and
settlement systems in India.
This Not for Profit Company was incorporated under
Section 25 of the Companies Act, 1956 (now under Section 8 of
Companies Act, 2013) to provide infrastructure to the banking
system in India for physical and electronic payment and settlement
systems.
Conceptual Understanding Of UPI System
UPI is the term that is used in the context of fund transfer
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