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Daily News Digest:19 June 2019

RBI to examine concerns over Data Localization Rule

The RBI will examine concerns around its strict data localization rules that require storing of customer data exclusively in India without creating mirror sites overseas.

The Reserve Bank of India (RBI) in April 2018 asked payment firms to ensure their data are stored exclusively on local servers, setting a tight six-month deadline for compliance.

That deadline was said to have been missed by some foreign firms including credit card giants Visa and Mastercard.

Facebook unveils Libra Cryptocurrency

Facebook unveiled plans for a new cryptocurrency called Libra that the social media giant hopes will one day trade on a global scale much like the US dollar.

The new currency will launch as soon as next year and be what’s known as a stable coin - a digital currency that’s supported by established government-backed currencies and securities.

Driving Licnese: Government to remove educational qualification requirement

The Ministry of Road Transport and Highways has decided to remove the requirement of minimum educational qualification for driving a transport vehicle.

Under Rule 8 of the Central Motor Vehicle Rules, 1989, a transport vehicle driver needs to have passed class 8 to obtain a commercial driving licence.

Govt. launches pilot project to increase forest cover in 5 states

Reiterating its commitment to fight desertification, India has launched a pilot project to restore degraded forest landscapes in five states over the next 42 months.

In the first phase, the pilot will be conducted in Haryana, Madhya Pradesh, Maharashtra, Nagaland and Karnataka.

Telangana to introduce common transport mobility card for easy travel

The Telangana government is planning to introduce a common mobility card enabling citizens to travel across multiple modes of both public and private transport systems, like rental cabs, for commuters in Hyderabad and across the state.

The concept card comprises the usage of a contact and Quick Response (QR) code based card, which will allow people to use it on any mode of public transport.

Om Birla named as new Lok Sabha speaker

Om Birla has been named as the new Lok Sabha Speaker by the NDA. He is elected Member of Parliament from Kota, Rajasthan.

Operation Sunrise to target insurgent groups in North East

In the last five months the armies of India and Myanmar have launched two phases of joint operations along the Myanmar border targeting camps of insurgent groups operating in North East.

Named Operation Sunrise, the strategy is aimed at hitting militant groups that are impacting both India and Myanmar.

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