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Data Oversight

Amid error in gold import figures, Panel formed for accurate data reporting

The government on Thursday formed a committee, comprising officials from commerce and customs, to create a robust mechanism for publishing consistent and accurate data following errors in gold import figures. In a statement, the commerce ministry said that due to the migration of data transmission mechanism from SEZ (special economic zone) to ICEGATE (Indian Customs Electronic Gateway), figures of precious metals needed revision as double counting was noticed. The double counting occurred because the system was calculating both imports into SEZ and subsequent clearance into DTA (domestic tariff area) as separate transactions after the migration. "A committee has been formed with stakeholders from DGCIS (Directorate General of Commercial Intelligence and Statistics), DG Systems (CBIC) and SEZs for the creation of a robust mechanism for publishing consistent data," it said. The government has revised gold import data, bringing down numbers for November by USD 5 billion to USD 9.84 ..

Updated On: 09 Jan 2025 | 10:09 PM IST

MeitY lets tech firms, data fiduciaries decide on parental consent methods

The Ministry of Electronics and Information Technology has urged tech firms to adopt advanced methods for obtaining parental consent while allowing them to determine the best practices independently

Updated On: 19 Jul 2024 | 10:52 AM IST

Facebook data breach: Apple, IBM chiefs call for more data oversight

US lawmakers on Friday officially requested that Facebook's Mark Zuckaberg explain at a congressional hearing how user's data was released to the consultancy

Updated On: 26 Mar 2018 | 9:14 PM IST