Yatin Pednekar, co-founder and chief of products at Mobicule Technologies, a debt collection platform, said, “A real safeguard missing today is purpose limitation, meaning that data collected to assess your loan shouldn’t quietly get reused for debt collection or marketing later, unless you separately consent to that specific new use.”
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India’s markets regulator on Wednesday introduced a formal recusal framework requiring its senior officials to step aside from matters where they face personal, professional or financial conflicts. The framework also allows the public to flag potential conflicts and mandates annual disclosure of recusal data. Here are the key provisions of the stricter code of conduct,…
Mumbai: India added more than 2.5 million demat accounts in June driven by recovery in the markets, marking the biggest additions since February, as key indices Nifty 50 and Sensex advanced 1.35 and 2.3%, respectively, in this period. As of June-end, the Central Depository Services (India) or CDSL reported it has nearly 186 million investor…
Employees of central autonomous bodies (CABs) covered under the National Pension System (NPS) will now have access to two additional investment choices that were earlier available only to central government employees. The Finance Ministry on Tuesday said the Department of Expenditure has extended the applicability of the Department of Financial Services’ notification dated 13 November…
On 29 June, the government notified three schemes under the Code on Social Security, 2020: the Employees’ Provident Funds Scheme, 2026 (replacing the EPF Scheme, 1952), the Employees’ Pension Scheme, 2026 (replacing the EPS, 1995), and the Employees’ Deposit-Linked Insurance Scheme, 2026 (replacing the EDLI Scheme, 1976).
Warren Buffett said that the decision to build Berkshire Hathaway’s massive stake in Alphabet was his own, and incoming CEO Greg Abel had no role in it. “I initiated it,” Buffett told CNBC in the first public explanation of how Alphabet became one of Berkshire’s biggest technology holdings. “I am not doing anything that he…