Mumbai : As per the press release from the Reserve Bank of India (RBI), on July 09, 2019,  it has imposed a monetary penalty of ₹ one million on Union Bank of India (the bank) for non-compliance with the directions on cyber security framework in banks issued by RBI. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47A (1) (c) read with Section 46(4) (i) and section 51 (1) of the Banking Regulation Act, 1949.

New Delhi : States/UTs are primarily responsible for setting up facilities/laboratories for cyber forensic training.  Ministry of Home Affairs (MHA) has provided grant of Rs.

New Delhi : Minister of State for Consumer Affairs, Food & Public Distribution, Shri Danve Raosaheb Dadarao in a written reply in the Lok Sabha today informed that, the number of complaints regarding online shopping after operationalization of online complaint filing from August, 2016 to March, 2019 in the National Consumer Helpline is 8373.

The complaints received in the NCH are forwarded to the companies concerned for redressal. During the period December, 2016 and March, 2019, in 913 such cases the complainants have been advised by the NCH to approach the local police.

New Delhi : The Minister of Commerce and Industry, Piyush Goyal, in a written reply in the Lok Sabha today, mentioned several steps from Government that have led to an improvement in patent filing, as also for safeguarding the Intellectual Property Rights (IPR). Some of these steps, inter alia, are:

Mumbai : Reserve Bank (RBI) on Wednesday released FAQs for clarity on issues raised by Payment System Operators (PSOs) related to it's Data Localization directive dated April 06, 2018. Its intended to facilitate and ensure expeditious compliance by all PSOs, says RBI.

FAQs are as below.

1. Applicability of the direction

The directions are applicable to all Payment System providers authorised / approved by the Reserve Bank of India (RBI) to set up and operate a payment system in India under the Payment and Settlement Systems Act, 2007.