Explain the RBI’s Data localisation policy and the justification behind it.

Topic: Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment. 6. Explain the RBI’s Data localisation policy and the justification behind it. (250 words) Reference:  The Hindu Why the question: The Reserve Bank of India (RBI) recently banned Mastercard from issuing new debit and credit cards to customers in India …