INDIA'S RAPID transformation to a digital economy gathered pace in 2023 with lots more innovation and some fresh legislation. Digital lending became widespread as the National Payments Corporation rolled out new products and Big Tech firms launched their offerings. Two defining pieces of legislation came into being, the Digital Personal Data Protection (DPDP) Bill and the Telecom Bill. On the dark side, the emergence of deepfakes was worrying.
The DPDP Act, while empowering individuals to withdraw consent given to companies to use data and to have data erased, ensures firms can no longer monetise consumer data by using it for purposes other than for which it was collected. While the simplicity of the law was appreciated, there were misgivings on the exemption allowing the State to process data on various grounds, including national security. Many felt it could at times violate a citizen's right to privacy. Rules necessitating data fiduciaries to obtain verifiable parental consent to use data of children below the age of 18 were brought in. How effective the law is, will of course, be known only when it is implemented; there are those who believe it could be a challenge.
Denne historien er fra December 26, 2023-utgaven av Financial Express Mumbai.
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Denne historien er fra December 26, 2023-utgaven av Financial Express Mumbai.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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