About:
- In April 2018, RBI issued a directive on data localisation which mandated all payments companies, global and local, to set up data storage facilities within India by October 2018. i.e. the payment companies will have to physically store Indian citizens’ payment data in India.
- Recently B.N. Srikrishna committee on data privacy recommended that all “critical personal data” should be processed only within the country.
- Argument given:
- This is required to gain “unfettered supervisory access” to such data for better monitoring and regulation, which is essential for reducing risks from data breaches.
- The move came in the aftermath of the Cambridge Analytica data leak, which has led to concern about the fate of Indian data.
China has already enacted laws to ensure that all kinds of personal data of its citizens are stored on local servers
