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The finance ministry has proposed relaxing a directive from the Reserve Bank of India that would compel global payment firms to store customer data only locally, following weeks of intense lobbying by U.S. companies and trade bodies.

NATO leaders will try on Thursday to move beyond U.S. President Donald Trump's demands for higher defence spending, and focus on ending the long war in Afghanistan, in the second day of a summit in Brussels underscored by transatlantic tensions.

Asian stocks remained under pressure on Thursday from fears of an escalation in the U.S.-China trade war, while the dollar stood stall after rallying against its peers amid the turmoil in broader markets.

British Prime Minister Theresa May will set out a blueprint on Thursday for what her government calls "a principled and practical Brexit", putting at its core a plan for a free trade area for goods that has angered many in her party.

Roger Federer's hopes of a ninth Wimbledon title bit the dust as South African Kevin Anderson recovered from two sets down to win a quarter-final cliffhanger 2-6 6-7(5) 7-5 6-4 13-11 on a tension-filled Court One on Wednesday.

Indian airline Vistara has placed firm orders for six Boeing Co 787 jets and 13 Airbus SE A320neos valued at $3.1 billion at list prices, as it looks to add more domestic flights and launch international routes later this year.

Croatia yet again showed their magnificent resilience to come from behind and beat England 2-1 on Wednesday as Mario Mandzukic’s extra-time goal sent them into their first World Cup final and a possible revenge mission against France.

In a move that will ensure open and free Internet in India, the government has approved the principle of net neutrality. This means that telecom and Internet service providers must treat all data on the Internet equally, and not discriminate or charge differently by user, content, site, platform, or application.


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She, however, added that certain emerging and critical services will be kept out of the purview of these norms.

A separate committee has been set up under the Department of Telecom (DoT) to examine what these critical services will be. These may include autonomous vehicles, digital healthcare services or disaster management.

The regulator, in November 2017, batted in favour of net neutrality – which has been one of the most hotly debated topics in India for over 4 years now.

The regulator had said, “Internet access services should be governed by a principle that restricts any form of discrimination or interference in the treatment of content, including practices like blocking, degrading, slowing down or granting preferential speeds or treatment to any content.”

This principle, it had added, will apply to any discriminatory treatment based on the sender or receiver, the network protocols, or the user equipment, but not to specialised services or other exclusions. It had also said that these will not apply to “reasonable traffic management practices” by the service provider.

India’s decision to uphold Net neutrality assumes greater significance given that in the U.S., the rules on Net neutrality were repealed. The decision, which came into effect in June, paves the way for service providers to block or slow down access to particular content for users.

To implement Net neutrality, the regulator had recommended that the terms of licence agreements that govern the provision of Internet services in India be amended “to incorporate the principles of non-discriminatory treatment of content along with the appropriate exclusions and exceptions.”

It has further recommended establishing a multi-stakeholder not-for-profit body for the monitoring and enforcement of these principles.


News | July 12, 2018