U.S.-India business groups plan to lobby for dilution of India's privacy bill: sources

Industry executives say some provisions will raise costs and compliance requirements. One provision empowers the government to ask a company to provide anonymised user data to help formulate policies - data companies are loathe to share as it is crucial to fuel business growth.The U.S.-India Business Council , part of the U.S. Chamber of Commerce, plans to lobby Indian parliamentarians who will review the bill and will hold meetings with key U.S. government officials, said one source.

Meenakshi Lekhi, the head of the parliamentary panel and a lawmaker from the ruling Bharatiya Janata Party, told Reuters the committee will try to have “the widest possible consultations”.

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Stable interest rates improve CEO confidence more than partial trade deal, says chief of business group'Yes, this is good. We need phase two, which is the bigger thing and so forth. ... But interest rates are the bigger deal,' says Conference Board CEO Steve Odland.
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