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Supreme Court Looks into Credit Bureaus' Data Practices The Indian Supreme Court is investigating four credit information companies: TransUnion CIBIL, Experian, Equifax, and CRIF High Mark. These companies are accused of violating the privacy of millions of Indians by collecting and sharing financial data without proper consent. The Court has issued notices to the Reserve Bank of India (RBI), relevant ministries, and the credit bureaus. The seriousness of the allegations is underscored by the appointment of a senior advocate to assist the Court. The crux of the matter is whether these companies are following proper procedures for data collection, storage, and dissemination as mandated by the Credit Information Companies Regulation (CICR) Act, 2005. The allegations raise concerns about potential privacy violations and the integrity of credit scoring systems in India.
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The National Testing Agency (NTA) has decided to cancel the grace marks given to 1,563 candidates in the NEET-UG 2024 examination following allegations of irregularities, including claims of a paper leak. The Supreme Court endorsed this decision, sta
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The Supreme Court has been making efforts to leverage technology, including WhatsApp, to enhance its accessibility and efficiency. This year, the Supreme Court of India introduced an initiative to integrate WhatsApp into its operations, allowing it t
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Apple has now responded to recent allegations around Siri and its usage without user permissions, announcing in a statement that it refutes claims of allowing advertisers to target users based on data collected through its Siri voice assistant. The s
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๐ค Hundreds of companies are cancelling deals with Adani on the basis of USA allegations , Btw why adani is not responding ๐จFrench Petroleum giant TotalEnergies has announced that it will not make any new financial contribution in the Adani Group
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UPI's Credit Revolution CIBIL is at the forefront of credit scoring in India, but the potential integration of UPI transaction data could dramatically transform how financial worthiness is evaluated. Imagine financial institutions using insights fro
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