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      What is India’s Upcoming Digital Personal Data Protection Bill | Details Inside

      India’s much awaited data protection law is expect to come into effect between July and August 2023. The regulation is aim at reforming the tech-reliant relationship between consumers and the market. Rajeev Chandrasekhar, the Minister of State for Electronics and Information Technology has claim that these ‘behavioural changes‘ in India’s technology sector will secure the user data collect from Indians within the nation, while helping technology firms operate in the country in compliance with the law.

      During the recent India Fintech Conclave (IFC), Rajeev Chandrasekhar said that the upcoming data protection bill willl change the way that people’s personal data is being harvest by companies and social networking platforms in present day.

      Rajeev Chandrasekhar Said :

      “The days that anonymise personal data will be store for many years and learning models be created on top of that, will also certainly, will have to be replace by something that is more instantaneous in terms of learning and storing,”.

      Some important Points to know about India’s Digital Personal Data Protection Bill (PDPB)
      1. The PDPB is said to focus largely on protecting the private details of Indians Internet users against being exploit by foreign intermediaries as well as notorious cyber criminals. Its previous version, call as the Personal Data Protection Bill 2019 was revoke in August 2023. With the growth and advancement in India’s overall tech space, the government says it felt the need to make the upcoming legislation around data protection more ‘comprehensive‘ and detail.
      2. The bill outlines the manner India expects tech firms to collect the personal data of Indian citizens with transparency and consent of the users. These details include their names, numbers, email addresses as well as bank details for simple, day-to-day transactions like booking tickets or signing up for classes. The aim is to bring transparency in the relationship of customers and service providers.
      3. Companies that require the collection of users’ KYC details will have to inform the Indian authorities where and for how long do they intend on storing the collected details. If the data is only require on a temporary basis, the PDPB will enforce the disclosure of an end-date by when all the unnecessary data must be erase.
      4. The PDPB will further monitor whether or not the companies are using the collect user data for the same purpose. Violations could lead to legal action against these firms.
      5. Citizens will have a say in matters of the storage of the data of Indian nationals, especially collect by international companies. The focus is to curb chances of any unauthorise misuse of personal details of Indian citizens that could expose them to physical or financial risks.
      6. Indian Internet users will also get the right to obtain information as well as seek correction and erasure of their data under this Act. When approve as a law, this bill will ensure that companies are answerable to their users about their complaints and grievances.
      7. In the last two years, four drafts of the PDPB was reportedly extend to the Parliament and withdrawn, only to release the most precise version of the regulations in one go.
      8. The bill will also require companies to obtain consent from legal guardians of minors before collecting their details. Age verification for Internet services will be mandate by the PDPB.
      9. On 2 March, the Parliamentary Standing Committee on Communications and Information Technology has given a “thumbs up” for the revise draft of the data protection law.
      10. The bill will however, empower India’s central government to exempt processing by government agencies from the provisions if it concerns the interest such as the security of the state and maintenance of public order.
      ALSO READ  What are the New Tax Rules To Come Into Effect From 1st April 2024 | Answer Inside

      DISCLAIMER : Cryptocurrency is an unregulated digital currency, not a legal tender and subject to market risks. The information provided in the article is not intended to be and does not constitute financial advice, trading advice or any other advice or recommendation of any sort offered or endorsed by 2YoDoINDIA. 2YoDoINDIA shall not be responsible for any loss arising from any investment based on any perceived recommendation, forecast or any other information contained in the article.

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