With the growth of the digital economy, protecting individuals' personal data is imperative.
India's proposed data privacy law, the PDPB, aims to safeguard personal data and establish guidelines for its processing.
The PDPB outlines principles like data minimization, purpose limitation, and the right to be forgotten.
The bill establishes a Data Protection Authority to oversee compliance and enforce regulations.
The PDPB is influenced by the European Union's General Data Protection Regulation (GDPR).
Businesses and organizations must adapt to new compliance requirements, which can be challenging.
The bill introduces data localization requirements, which mandate certain types of data to be stored in India.
Adequate safeguards for cross-border data transfer are emphasized to protect data leaving India.
The bill enforces user rights, including consent withdrawal and data access.
Non-compliance with the law can result in substantial penalties.