Without a doubt, the biggest disappointment of 2024 has to be the fact that India's data protection law is still not in force despite having managed to get through both houses of Parliament in record time in 2023. The rules that were supposed to be issued this year still haven't seen the light of day.
In anticipation of the new law coming into effect, I discussed over the course of the year several issues that still needed to be addressed. In particular, I called for a sensible approach to age-gating—even suggesting zero-knowledge proof tokens as a way out. But none of this will make a difference until the law is brought into force. After all, this is just the first step. We still need to establish a data protection board, put in place mechanisms for audit, cross-border data transfers and the like.
On the other hand, what is most gratifying is the pace at which India's digital public infrastructure (DPI) approach gained acceptance around the world in the span of one short year. I was worried that this might not be the case, given the many concerns that were being raised about the DPI approach. But I should not have been.
Thanks to the work of many, DPI adoption scaled up around the world, as evidenced by outcomes of the DPI Global Summit, the Quad statement in Delaware and the UN's DPI Safeguards Initiative. On my recent visit to Brazil, I had an opportunity to witness in person the extent to which the DPI message had percolated into the global agenda on digital governance (and see for myself the DPI for climate change that Brazil had built).
Denne historien er fra December 25, 2024-utgaven av Mint Mumbai.
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Denne historien er fra December 25, 2024-utgaven av Mint 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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For SRF, there is no light at the end of the tunnel, yet
The growth catalyst for SRF Ltd would be missing in the December quarter (Q3FY25) even after a dismal Q1 earnings show.
Ola Opens 3,200 New Stores in Bid to Win Buyer Trust
The massive rollout comes a couple of months after the firm got slammed by customer complaints
Don't look now, but China's AI sector is catching up fast
Startups use workarounds to challenge OpenAI in some areas despite lack of leading-edge chips
TRANSITING FROM 2024 TO 2025 WILL HAVE ITS UNCERTAINTIES
Forecasts for FY25 have been pruned to less than 7%, but the foundations seem resilient
EPFO adds 750k new members in October
The Employees' Provident Fund Organisation (EPFO) reported a net addition of 1.34 million members in October.
Mediation council: A key missing link in commercial dispute reforms
Amid a growing policy push for mediation, legal practitioners have pushed for the urgent formation of a council comprising experts and policymakers to determine the rules and procedures involved in mediation.
GST on used vehicles to vary by nature of business
Tax will be different for enterprises using cars for operations from those using them as stock
Lenders raise AI game with in-house talent, outside help
Artificial intelligence (AI) that tiptoed into banking channels with chatbots is about to make bigger strides, as India's leading banks and non-bank financiers look to embrace the technology to improve customer service, cybersecurity and asset quality.
Hit movies step up mall footfall
A string of blockbuster movies towards the end of 2024 has partly helped rescue shopping malls and retailers after a near washout earlier in the year, according to top industry executives.
Weaver taps Paragon, Premji for ₹1,000 cr
Weaver Services Pvt. Ltd, an affordable housing finance company founded by former employees of HDFC Ltd, is in talks to raise about ₹1,000 crore from Premji Invest and Paragon Partners, three people familiar with the matter said.