On 2nd September 2019, the Steering Committee on Financial technology (Fintech) has submitted its report to the Finance Ministry.
To give a fillip to the medical device sector, which is a sunrise sector, government announced setting up of a National Medical Devices Promotion Council under the Department of Industrial Policy and Promotion (DIPP) in the Ministry of Commerce & Industry.
The Consumer Protection Act, 2019 (New Act) received the assent of the President of India and was published in the official gazette on 9 August, 2019. The New Act seeks to replace the more than three decades old Consumer Protection Act, 1986.
Bank Board Bureau was constituted as one of the components of Mission Indradhanush which is based on recommendations of P J Nayak Committee.
The Aadhaar and Other Laws (Amendment) Bill, 2019 was passed by Rajya Sabha on June 24th, 2019.
The Special Protection Group (Amendment) Act, 2019 received the assent of the President on the 9th December, 2019. It is an Act to amend the Special Protection Group Act, 1988.
Data is considered the new oil of 21st century. So for India to tap the full potential of data driven innovation and entrepreneurship, a comprehensive data protection regime for digital communications and appropriate institutional mechanism needs to be established. It is this light that Personal Data Protection Bill 2018, was released to safeguard the privacy, autonomy and choice of individuals and secure digital communications, infrastructure and services.