India as a country is home to 1/7th of the world’s population. Furthermore, India has a young demographic which has access to two important tools – (i) smartphones and (ii) attractive data tariffs. The unique combination of these factors makes India the world’s most attractive destination for digital platforms. These digital platforms are uniquely poised to bring together buyers and sellers for various goods and services by providing a seamless user experience, by leveraging one key resource: DATA.
Conversations revolving around use of personal data as a key resource for an organization has increased in recent times due to the following factors: the explosion of social media applications and website, the success of digital e-commerce platforms, and the recognition of privacy as a fundamental right available to every person under the Constitution of India. Furthermore, after realizing the success that digital businesses have had by leveraging data, traditional business have also recognized the importance of data and have made data a central focus of their business strategies.
This resulted in growing discussions demanding the installation of a robust data protection framework to ensure that personal data of individuals is collected for legitimate purposes by businesses. The framework shall also enable the Government to exercise regulatory control over businesses which seek to use personal data as a resource. Further, businesses also require legislative certainty to understand their compliance requirements towards issues like handling personal data, cross-border transfer of data, data localization, etc. In the afore-stated background, the Personal Data Protection Bill, 2019 (the Bill) was tabled before the lower house of the Parliament on 11.12.2019.
Denne historien er fra January 2020-utgaven av Legal Era.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra January 2020-utgaven av Legal Era.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
If You Think Positive Covid Is A Big Opportunity
Senior Vice President and Head of Legal, ESSAR CAPITAL, Badrinath Durvasula, holds forth on his professional journey, the essence of leadership, working from home, books and more…
PROJECT DEVELOPMENT
JOINT VENTURE TRANSACTIONS
NEW ARBITRATION RULES
PUBLISHED BY THE LONDON COURT OF INTERNATIONAL ARBITRATION (LCIA) AND INTERNATIONAL CHAMBER OF COMMERCE (ICC)
M&A in the time of COVID and beyond
What is clear for those engaging in cross-border M&A is that countries around the world are becoming increasingly protective of their economies and industries, with new rules being introduced and existing rules being more widely applied
SWITZERLAND A DIFFERENTIATED APPROACH TO FRAUD
Swiss law interprets the offense of fraud in a special way where in addition to the characteristics of deception and damage as known in many jurisdictions, a qualified lie, i.e. a malicious approach, is required
JOINT VENTURE DISPUTES MEDIATING
Mediation has shown itself to be a powerful tool for bringing a speedy and effective end to crossborder disputes while preserving the commercial relationship between them.
Recognition of HONG KONG INSOLVENCY PROCEEDINGS IN MAINLAND CHINA
A TEST CASE IN THE MAKING?
CONFIDENTIALITY IN ARBITRATION: RECENT DEVELOPMENTS IN SINGAPORE
Two recent developments in Singapore case law and legislation reflect a willingness to preserve confidentiality related obligations in all arbitrations
ESSENTIAL GOODS SERVICES UNDER IBC
WHAT DOES IT ESSENTIALLY MEAN?
A BIDEN ADMINISTRATION'S NEW VISION FOR THE AMERICAN WORKPLACE
A LOOK AT THE KEY CHANGES PRESIDENT-ELECT BIDEN IS LIKELY TO MAKE ONCE HE TAKES OFFICE
