Recently, the Companies dealing in the personal data of consumers that fail to take reasonable safeguards to prevent data breaches could face penalties of around Rs.200 crore under the revamped Data Protection Bill, 2022.
The Joint Committee of Parliament on the Personal Data Protection Bill submitted a 542-page report with 93 recommendations overall and 81 amendments to the Bill in December 2021.
Key features of the New Bill:
Non-personal data essentially means any data that cannot reveal an individual's identity.
Need for reforms:
With nearly 450 million Internet users and a growth rate of 7-8%, India is well on the path to becoming a digital economy, which has a large market for global players. So, it is important to maintain the regulatory mechanism for Users.
Why has the previous Bill been withdrawn?
Issues with Data Localisation:
Pushback from Stakeholders:
Delay in Implementation:
Other Government Interventions:
Verifying, please be patient.