Consultation Responses

We discuss the need for a clear vision, rationale, and a roadmap to be placed by the RBI for how it sees the draft framework enable the development of this market. We also consider how RBI has made the choice between capital neutrality and capital relief through this framework and how the outcomes from such a choice can have an impact on how securitisation serves the efficient movement of risks within the banking system and also to investors outside the banking system.

As per IRDAI (Micro Insurance) Regulations, 2015, the microinsurance business is exempted from customised benefit illustration6 and disclosure norms prescribed in IRDA (Linked and Non-Linked Insurance Products) Regulations. IRDAI’s latest circular on this continues to extend this exemption.

In this document, we present our response to the White Paper on the Strategy for National Open Digital Ecosystems (the White Paper) released by the Ministry of Electronics and Information Technology (MeitY) in February 2020. We are deeply concerned that creating National Open Digital Ecosystems (NODEs) as envisioned in the White Paper could entrench existing problems with service delivery and hamper the growth of a free and fair digital economy.

In this blog post, we present our comments to the White Paper on Strategy for National Open Digital Ecosystems in response to the call for comments by MeitY

In this Response, we present our comments on the RBI’s Draft Framework for Authorisation of a Pan-India New Umbrella Entity (NUE) for Retail Payment Systems (Reserve Bank of India, 2020) (hereafter ‘Draft Framework’). Our comments are organised into two sections. Section I recognises five overarching concerns (summarised below), which will seek to convey and substantiate the following feedback to the Draft Framework. 1. Clearer regulatory objectives must guide the vision and design for NUE.

Our response to RBI on draft New Umbrella Entity (NUE) framework

Comments on PDP 2019

Dvara Research is an independent Indian not-for-profit research institution guided by our mission of ensuring that every individual and every enterprise has complete access to financial services.

Comments on the Personal Data Protection Bill 2019 introduced in the Lok Sabha on 11 December 2019

In this document, we present our initial comments on the Personal Data Protection Bill 2019 (the Bill), introduced in the Lok Sabha in December 2019. This continues our engagement with the public consultation process on India’s new data protection regime since 2017.2 We welcome the introduction of the Bill in Parliament as an important development to take forward India’s journey towards an overarching data protection framework.