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Penalty of up to Rs 250 crore will be imposed both on data fiduciaries and data processors for breach of data in their possession
The expansion of e-RUPI vouchers, with the inclusion of non-bank prepaid payment instrument issuers and individual issuance, signifies a major stride towards promoting financial inclusivity and accessibility.
IT Rules 2021: How will SaaS companies like Freshworks and Zoho be affected? 4 hours ago Indian Software-as-a-Service (SaaS) companies like Freshworks and Zoho could be unintended victims of the new Information Technology (IT) Rules, 2021. Notified in February, the IT Rules 2021 prescribe regulation for internet intermediaries, while creating a new definition meant for social media platforms. While SaaS products don’t necessarily function like social media companies, the rules seem to make no distinction between them. Why it matters: India is a SaaS powerhouse with around 8,000 SaaS compan...