US wants to prohibit data localisation, top trade official says amid looming RBI directive
The US wants to prohibit data localisation to ensure that there is a free flow of information across borders, a senior Trump administration official has said, amidst reports that major American IT companies are up in arms against the latest Indian directive which kicks off next week.
RBI, in a circular in April, said all system providers will have to ensure that the entire data relating to payment systems operated by them are stored in a system only in India. Image Courtesy: Reuters