Aadhaar Current Affairs - 2019

Category Wise PDF Compilations available at This Link

RBI: Payments related Data to be stored only in India

Reserve Bank of India recently clarified that all Payment System Operators (PSOs) shall store entire payment data in systems located only in India. It means that the data related to payments must be stored in systems located only in India. This follows a clarification sought by PSOs on issue of data localization.

Key Highlights

Background: In April 2018 RBI had issued a directive on ‘Storage of Payment System Data‘ by which it had advised all system providers to ensure that within a 6 months period, entire data relating to payment systems operated by them is stored in a system only in India.

No Limit on Payment processing outside India:  In Frequently Asked Questions (FAQs) on certain implementation issues raised by Payment System Operators (PSOs), RBI had mentioned that there is no bar on processing of payment transactions outside India (if PSOs desires so) but after processing data shall be stored only in India and complete end-to-end transaction details should be part of data.

Sharing of Data: Depending upon nature or origin of transaction and with prior approval of RBI, data can be shared with overseas regulator, if required.

Transaction Details: Data should include end-to-end transaction details and information pertaining to transaction related to payment or settlement that is either gathered or processed or transmitted, as part of a payment message/instruction.

Data Type: The data could be relating to customer data such as name, mobile number, PAN details, Aadhaar number or even Payment-sensitive data like customer and beneficiary account details, payment credential- PIN, OTP and transaction data like originating and destination system information amount etc.

Data Processed Abroad: In case the data processing is done abroad, then data should be brought back from systems abroad to India not later than 1 business day or 24 hours from payment processing, whichever is earlier.

Month: Categories: Business, Economy & Banking

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The Tribune’s Journalist wins RedInk Award

Rachna Khaira of The Tribune News Service has bagged prestigious RedInk Award for for Excellence in Indian Journalism ‘Journalist of the Year’ 2019 for her expose during 2018 on functioning of the Unique Identification Authority of India (UIDAI) and its Aadhaar data cache.

The Aadhar Expose

Investigation: conducted by Rachna Khaira confirmed that personal data of millions of citizens was at risk of being hacked/traded for a price. The series of sting operations run by journalist helped to raise serious doubts over government claims that Aadhaar data stored on UIDAI servers was safe and secure.

Then later many of the leads provided by her became part of a public interest litigation (PIL), which finally led to troublesome and mandatory aspects of Aadhaar being watered down. She is currently working for The Huffington Post.

About RedInk Awards for Excellence in Indian Journalism

The Red Ink awards are a set of annual awards which were instituted by The Mumbai Press Club in 2010.

They are bestowed upon an individual in recognition of his/her excellence in journalistic achievements as assessed by a special jury. These award grants national recognition to journalists by a professional body

Other Awardees of 2019

2019 Lifetime Achievement Award– was jointly awarded to two retired senior journalists-

Dinu Ranadive (94) who retired from Maharashtra Times: He covered Goa freedom struggle (1961), Bangladesh war (1970-71) and broke stories on cement scandal (1982).

Sebastian D’Souza, Photojournalist who served as Photo Editor for Mumbai Mirror: He achieved acclaim for his photographs that captured Lashkar-e-Taiba (LeT) terror attack on Mumbai on 26 November 2008.

Month: Categories: Awards & Honours

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