New Delhi : The Lok Sabha today passed the Consumer Protection Bill 2019 after due consideration and discussion. The Union Minister for Consumer Affairs, Food and Public Distribution Shri Ram Vilas Paswan said that the bill aims at protecting the interests of consumers by establishing authorities for timely and effective administration and settlement of consumers’ dispute. Moving the Bill, Minister of State for Consumer Affairs, Food and Public Distribution, Shri Raosaheb Patil Danve said the Bill aims to simplify a number of rules.

New Delhi : Minister of Commerce and Industry, Piyush Goyal, in a written reply in the Rajya Sabha today stated that, A draft National e-Commerce policy has been prepared and placed in public domain, which addresses six broad issues of the e-commerce ecosystem viz. e-commerce marketplaces; regulatory issues; infrastructure development; data; stimulating domestic digital economy and export promotion through e-commerce.

Mumbai : The headquarters of Maharashtra Cyber Security Project, a brainchild of Chief Minister Devendra Fadanvis will be located in Millennium Business Park at Mahape, Navi Mumbai. The place was handed over to Maharashtra Cyber Security Project today to setup the Headquarters equipped with the latest technology required for investigation of Cyber Crimes. This will help to tackle Cyber Crime effectively, said Balsingh Rajput, S.P. Cyber in his Linked-in post. 

New Delhi : Minister of State for Home Affairs, Shri G. Kishan Reddy, in a written reply to question in the Rajya Sabha stated that, MHA has rolled out a scheme ‘Indian Cyber Crime Coordination Centre (I4C)’ for the period 2018-2020, to combat cyber crime in the country, in a coordinated and effective manner. The scheme has following seven components:

(i) National Cybercrime Threat Analytics Unit.

(ii) National Cybercrime Reporting Portal.

(iii) Platform for Joint Cybercrime Investigation Team.

(iv) National Cybercrime Forensic Laboratory Ecosystem.

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.