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The RBI’s data-localisation directive for payment system providers, popularly called the ‘Data Diktat,’ requires that?

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1. The RBI’s data-localisation directive for payment system providers, popularly called the ‘Data Diktat,’ requires that?

All payment system data be stored exclusively within India

All payment systems be owned and operated by public sector enterprises

Consolidated system audit reports be submitted to the CAG each year

Both public ownership and CAG audit submission are required

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