Government not to concede on data localisation: Sources
  • WebDesk BTVI
  • May 09 2019

Sources say that the government is not willing to concede on data localisation. The RBI had last year mandated that all banks store transaction related details locally. Following this, a number of US companies raised objection. US Commerce Secretary Wilbur Ross had said that this move will increase cost of doing business for US companies. As per sources, the government is unwilling to buzz from its stand.