It was on a Friday, 6 April, that the Reserve Bank of India (RBI) dropped the bomb. A circular. Its innocuous title was “Storage of Payment System Data”, which didn’t suggest what was in store at all. But in 15 very to-the-point lines, it twisted the knife deeper in the back of multinationals with each word. It said all payment processors need to store end-to-end transaction details and all associated data in the country.
Enter the maze
An insider’s guide to India’s tech policy underground
The Ken’s guide to the myriad entities involved in changing the engines of tech policy-making mid-flight
India's tech policy landscape is in the middle of a turf war, and everyone wants a piece of the action
It's also the scene of a power play between foreign and Indian tech firms, who are using policy to rewrite the rules of business
This struggle has turned some regulators into paper tigers. Other entities, both within and outside government, are pulling all the strings
UIDAI ups RBI. MeitY and Trai align. iSpirt's shadow looms over all things tech. And CCI never gets the memo