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The Railways has floated a tender to hire a consultant to monetise its passenger and freight customer data with the aim to generate revenue up to Rs 1,000 crore, but sources said it may be withdrawn amid concerns over privacy issues. While many on social media, including advocacy groups have raised concerns over violation of data privacy issues, government sources have clarified that the consultant would advise the Indian Railway Catering and Tourism Corporation (IRCTC) on steps to improve its existing business and plan strategies to monetise future opportunities. While the Railways has not officially commented on the tender, highly placed sources said it will be withdrawn "considering the fact that the Data Protection Bill has not been finalised". According to the tender document, the data to be studied will include information captured by the transporter's various public facing applications such as "name, age, mobile number, gender, address, e-mail ID, class of journey, payment ..
Sebi has restructured its advisory committee on market data that recommends policy measures pertaining to areas like securities market data access and privacy. Rejigging its market data advisory committee, Sebi has said the panel will now be chaired by S Sahoo, Professor at National Law University, Delhi and former chairperson, Insolvency and Bankruptcy Board of India (IBBI), as per the latest information with the regulator. The 20-member committee was earlier headed by Madhabi Puri Buch, ex-whole time member of Sebi. Apart from Sahoo, the panel has CEOs of stock exchanges and depositories, representatives of various stakeholders and senior officials of Sebi as members. Members of the committee include Ashlesh Gosain, Regional Head South Asia, Bloomberg LP, Mumbai; Reena Garg Scientist F & Head (Electronic & Information Technology Department) at BIS; Kiran Shetty, CEO and Regional Head - India & South Asia at SWIFT India; Ganesh Ramakishnan Professor, Department of ...