Government to Introduce National Data Governance Policy for Simplified KYC Process: FM Nirmala Sitharaman

Finance Minister Nirmala Sitharaman said on Wednesday that the government will bring a National Data Governance policy, which will simplify the KYC process while anonymising individual data. The finance minister also said to enhance ease of doing business, more than 39,000 compliances have been reduced and over 3,400 legal provisions decriminalised.