Regulators should be well advanced to deal with digitisation: FM

Sitharaman, who is in charge of finance and corporate affairs ministries, also emphasised the need to have firewall mechanisms in the context of digitisation.
Regulators should be well advanced to deal with digitisation: FM
Nirmala Sitharaman

NEW DELHI: Union Minister Nirmala Sitharaman on Tuesday said regulators and other entities should be well advanced and ahead of the curve in understanding digitisation to ensure that there is no misuse of technologies. Sitharaman, who is in charge of finance and corporate affairs ministries, also emphasised the need to have firewall mechanisms in the context of digitisation. The decade from 2020 and upwards will be infused with digital methods, she added. Sitharaman was speaking at the event to flag off Iconic Day celebrations of the corporate affairs ministry as part of the Azadi ka Amrit Mahotsav (AKAM). According to her, the Competition Commission of India (CCI) and National Financial Reporting Authority (NFRA) should be ahead of the curve in the context of digitisation to ensure fair and accountable practices as well as there is no misuse of technologies.

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