- Service charge on food bills: No relief for customers from Delhi HC - details
- Fixed Depsit Interest Rate: Check latest FD rates of HDFC Bank, SBI, Kotak Mahindra Bank, PNB, ICICI Bank, BoB, IOB, Ujjivan
- Operation Demat Daka Big Impact: 4 out of 5 victims of demat account hacking receive compensation; Anil Singhvi lauds them for t
- Indian Railways to shut 300 ticket counters this year, to make IRCTC server robust
- India’s first electric double-decker bus Switch EiV22 unveiled | PHOTOS
Green signal! Much-anticipated! Modi Cabinet clears Personal Data Protection Bill - All you need to know
PM Narendra Modi-led Union Cabinet on Wednesday approved the much-anticipated Personal Data Protection Bill.
PM Narendra Modi-led Union Cabinet on Wednesday approved the much-anticipated Personal Data Protection Bill and the government will now introduce the bill in Parliament in the ongoing winter session. Union Minister for Information and Broadcasting, Prakash Javadekar, however, did not give any details of the bills to the media, saying details will be discussed first in Parliament, as per a report in IANS.
Personal Data Protection Bill
The Ministry of Electronics and Information Technology (MEITY) moved the Bill in the Cabinet and Telecom and Information Technology Minister Ravi Shankar Prasad had recently informed the Upper House that the work on Data Protection law is in progress and would be introduced very soon in Parliament.
The proposed law may have a considerable impact on MNCs operating in India, whether with or without a physical presence, due to its data localisation requirements and cross-border data transfer restrictions.
European Union's General Data Protection Regulation
Toeing the European Union's General Data Protection Regulation (GDPR), the government had last year introduced a draft personal data protection bill to regulate the use of individual's data by the government and private companies.
The Personal Data Protection Bill, 2018
The draft bill, titled The Personal Data Protection Bill, 2018, was prepared by an expert group headed by former Supreme Court judge B.N. Srikrishna. Now there will be norms on collection, storage and processing of personal data, consent of individuals, penalties and compensation, code of conduct and an enforcement model is likely to be a part of the law.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.