Now, The data is a matter of trust :)
The Indian talent I.T. The Information Technology is just prevailing in the Indian markets not just by creating revenue but also by addressing the challenges. India today growing more digitally the e-wallets, government services, social media, financial transactions and what not went digital. We created the biggest IT service market and we just captivated the entire world. The biggest asset to our industry today is data. But, the other side of the coin Are you sure that your data is reaching the right place? Don’t u worried about your privacy? Definitely Yes. Let us speak today ARE THE REGULATIONS FIT THE CONTEMPORARY IT INDUSTRY? WILL THESE REGULATIONS PROTECT THE CONSUMERS? HOW STRONG IS INDIA’S DATA PROTECTION FRAMEWORK?
To check all the above sequence of questions India drafted the bill on data protection. The cross-border data transfer is always a threat to the national integrity and its citizen's privacy. The bill has just ensured that the rights of all the stakeholders are protected. There has been a lot of study and India has just incorporated the best practices from China and European countries.
The core principles of India’s data Protection Bill is:
Right to be forgotten: The individual has the right to restrict the use of data at any point in time.
Data localization: Yes, the cross-border sharing is a big threat to the nation. So, the bill passes the regulations to store the copy of data in Indian servers.
Maximum penalty provision: The illegal data usage is now the punishable civil offense.
Incorporation of the data protection authority to regulate the law: The government official department and the ministry will be the authority and protects the customer’s interest.
The slogan of the data protection bill is “right to privacy is the fundamental right”. It also says that it is necessary to create a collective culture that fosters a free and fair digital economy, respecting the informational privacy of individuals, and ensuring empowerment, progress and innovation. The bill has rightly recognized that the data in India will solve a lot of problems and helps the nation the better place to live.
India generates much more data with just one proposed regulatory body to overview the entire regulation. In the current draft Indian Personal Data Protection Bill 2018, the focus is apparently on data monitoring and control (in certain aspects). Further, neither the draft Bill nor the report has delineated the technology aspect of the framework — how the Right to be forgotten, Right to access, and other rights being extended to data principals will be exercised.
Now, the data has become the matter of trust for India, the draft hasn’t used the phrased “right to erase” but the “right to restrict or prevent”.
Everything is sounding good but the reality stands in it’s enforcement. The bill has left us with unanswered questions like the storage of data, how it’s going to tackle the security related issue, when it comes to data storage and hence is a little raw in its approach, a nightmare for many big data, artificial intelligence (AI), machine learning (ML), and IT companies.
Apart from all criticism, the BILL should really encourage and it’s really the great take off against all the odds.
