IRCTC withdraws e-tender for appointment of consultant for data monetisation

30 Aug 2022 , 01:13 PM

IRCTC Limited highlighted that the e-tender for the recruitment of a consultant for data monetization of Indian Railways, which was published by IRCTC on July 29, has been withdrawn as a result of the government of India’s withdrawal of the Personal Data Protection Bill 2018.

Earlier on August 18, the corporation stated that it was in the early stages of floating the offer and soliciting bids from qualified consultant candidates.

The consultant will advise IRCTC and Indian Railways on the monetization value of digital assets by observing various acts or laws such as the IT Act 2000 and its amendments, user data privacy laws such as GDPR (General Data Protection Regulation) and the current ‘Personal Data Protection Bill 2018 of India, said IRCTC.

At around 1.16 PM, IRCTC was trading at Rs705.10 up by Rs13.35 or 1.93% from its previous closing of Rs691.75 on the BSE. The scrip touched intraday high and low of Rs709.40 and Rs696.40 respectively.

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