What Parliament Panel Is Considering To Make Social Media Platforms More Accountable

A parliamentary committee on Thursday recommended widening the scope of proposed data protection legislation to include both personal and non-personal data and sought greater accountability for social media platforms by treating them as publishers. The Joint Committee on Personal Data Protection Bill, 2019, headed by BJP MP PP Chaudhary, tabled its report in both the Houses on Thursday. The key highlights of the report include widening the scope of the draft legislation to also cover non-personal data, tighter regulation for social media platforms and the establishment of a statutory media…

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CalPERS creates direct investment platforms for late-stage VC, long-term PE bets

California Public Employees’ Retirement System (CalPERS), the largest US pension fund that is also a limited partner (LP) for a few Indian PE firms, on Thursday announced that it will create a new entity, CalPERS Direct, to make direct private equity investments. CalPERS joins a slew of global LPs that have active direct investments’ programmes across geographies, including India. Several LPs in India including UK’s CDC and Canadian pension funds, besides a clutch of sovereign funds, have direct investments in Indian companies as well as have a fund-of-funds exposure to…

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