From: RegTech Analyst
India’s personal data protection regulation is allegedly set to be introduced in parliament during the government’s current winter session.
The country’s Prime Minister Narendra Modi stated the Personal Data Protection Bill will ensure sensitive consumer information is protected, according to a report from Inc 42.
A draft of the bill was released in 2018, stipulating various terms for compliance including the collection, storage and processing of personal data, including that of children or transferring information internationally. It also offered potential offences, penalties and remedies.
Data protection is becoming an important part of the digital world. India’s new bill follows similar regulations coming into force around the year, with the most notable being the General Data Protection Regulation (GDPR) and the California Consumer Privacy Act (CCPA).
Kenya recently passed its own data protection law, implementing rules and restrictions on how companies can store and use their customer data.
India is not likely to be the last regulator to explore data protection. Earlier in the year, the Texas House of Representatives was reportedly exploring new bills which could help protect consumer information.
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