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Best of BS Opinion: Threat of Data Breach, Chinese Dreams of the Future and More

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The growing emphasis on digital payments has made data theft a growing threat, with the reported KYC data breach of 3.4 million MobiKwik mobile wallet customers being the latest example. The lack of a privacy law, which would allow users to file class actions against lax companies, is one reason why user data is particularly vulnerable in India. But in the absence of a law, it is still possible for regulatory authorities to also take proactive measures, the second edition valorize. Read it here

Other views examine the RBI’s decision to keep policy rates unchanged, China’s long-term plans, and corporate governance in India.

The RBI’s Monetary Policy Committee (MPC) has done well to leave the key pension rate unchanged and maintain an accommodative stance to support growth.

But given the unprecedented surge in Covid-19 cases and uncertain international financial conditions, the political path may not be so straightforward in the quarters to come, the first modification warns. Read it here

Xi Jinping’s long-term ambitions may well lead to mistrust of China’s intentions around the world, says Shyam saran in this assessment of China’s 14th Five-Year Plan 2020-25 and its long-term goals for 2020-35. Read it here

My article examines why the doctrine of the separation of powers in Indian business management might be a particularly difficult project. Read it here

QUOTE OF THE DAY

“We don’t have enough vaccine doses in several centers. Health workers are now turning away many people. We cannot afford to slow down the pace of vaccination ” Maharashtra Minister of Health Rajesh Tope

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