<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="The Proposal: An Indian government panel is proposing a data-sharing mechanism to boost a digital ecosystem, which may lead to firms, such as Facebook Inc (NASDAQ: FB), Alphabet Inc (NASDAQ: GOOGL) (NASDAQ: GOOG) and Amazon.com, Inc (NASDAQ: AMZN), having to share data with their competitors, according to Reuters.” data-reactid=”20″>The Proposal: An Indian government panel is proposing a data-sharing mechanism to boost a digital ecosystem, which may lead to firms, such as Facebook Inc (NASDAQ: FB), Alphabet Inc (NASDAQ: GOOGL) (NASDAQ: GOOG) and Amazon.com, Inc (NASDAQ: AMZN), having to share data with their competitors, according to Reuters.
The panel has also recommended setting up a new regulator for overseeing data that has been stripped of personal details. Such data is crucial for technology companies.
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="The Rebuttal: The U.S.-India Business Council, under the U.S. Chamber of Commerce, is criticizing the Indian government’s data-sharing move, saying, it’s “tantamount to confiscation of investors’ assets and [undermines] intellectual property protections."” data-reactid=”22″>The Rebuttal: The U.S.-India Business Council, under the U.S. Chamber of Commerce, is criticizing the Indian government’s data-sharing move, saying, it’s “tantamount to confiscation of investors’ assets and [undermines] intellectual property protections.”
Kris Gopalakrishnan, who heads the Indian panel said the group will review industry inputs and work with the government. The panel has reportedly recommended data sharing for research, national security and policymaking purposes.
The U.S and India are also in disagreement over other issues, such as digital taxes and tariffs, Reuters noted.
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Tech companies, such as Facebook and Alphabet, have been upping their investments in Indian retail and tech sectors in recent months.” data-reactid=”29″>Tech companies, such as Facebook and Alphabet, have been upping their investments in Indian retail and tech sectors in recent months.
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Photo Courtesy: DARPA via Wikimedia” data-reactid=”30″>Photo Courtesy: DARPA via Wikimedia
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="See more from Benzinga” data-reactid=”31″>See more from Benzinga
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="© 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.” data-reactid=”36″>© 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Add Comment