News Formal

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

  • 📰 Reuters
  • ⏱ Reading Time:
  • 10 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 97%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Trade groups representing some of the world's biggest firms plan to lobby U.S. officials and Indian lawmakers in a bid to dilute parts of an Indian privacy bill that could hurt businesses, sources said. More here: by AdityaKalra

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”.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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.
Source: CNBC - 🏆 12. / 72 Read more »