Technology

Protection of personal data should be backed by the law, says RBI executive director Sankar

NEW DELHI: Protection of personal data should be backed by a legal provision as it will help ensure privacy and confidentiality of individuals, a senior RBI official said on Tuesday. Data protection is crucial because privacy and confidentiality of individuals is their right under the Constitution, RBI executive director T Rabi Sankar said. “I strongly […]

Finance

Fed Chair Powell calls for more help from Congress, says there’s a low risk of ‘overdoing it’

Jerome Powell, chairman of the U.S. Federal Reserve, speaks during a news conference following a Federal Open Market Committee (FOMC) meeting in Washington, D.C., Oct. 30, 2019. Al Drago | Bloomberg | Getty Images Federal Reserve Chairman Jerome Powell called Tuesday for continued aggressive fiscal and monetary stimulus for an economic recovery that he said […]

Markets

Government appoints new MPC members

The government has appointed economists Shashank Bhide, Ashima Goyal and Jayanth R Varma as independent members to the Monetary Policy Committee. The finance ministry issued a notification to this effect late Monday. Shashank Bhide is currently a senior advisor at the New Delhi-based think tank National Council for Applied Economic Research, while Goyal is a […]