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After his inauguration, President Bola Ahmed Tinubu signed some important bills passed by the 9th National Assembly into law which include the Police Pension Bill, Electricity Bill, Data Bill as well as the Students Loan Bill. Another important bill waiting for the president’s assent is the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) Bill.…
In a move that Vijay Shekhar Sharma no doubt hopes will please regulators and convince them to greenlight the Paytm founders business plans, Ant Financial has transferred a 10% stake in the fintech major to an entity owned by Sharma. The transaction will reduce Chinese representation on the cap table of One 97 Communications, Paytms parent. This and more in todays ETtech Top 5.
The Guild has raised concerns about the independence of the Data Protection Board (DPB), which is proposed to be constituted by the DPDP Bill tabled in Parliament last week.
The Digital Personal Data Protection (DPDP) Bill 2023 has introduced a concept of deemed consent, explicit consent and a right to the data subject to withdraw consent.
Members of the Opposition and some technology policy experts have raised concerns as this gives wide ranging powers to the government.