Industry consultants raised several concerns over the draft rules, especially that the parental consent rules are likely to add a heavy compliance burden on all parties involved.
"The public consultation is expected to spark significant discussions on various aspects of the rules," said Dhruv Garg, partner at think-tank Indian Governance and Policy Project, adding that a critical area of focus will be the potential for data localization, where specific categories of personal data may be required to remain within India.
This story is from the January 04, 2025 edition of Mint Chennai.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the January 04, 2025 edition of Mint Chennai.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Billionaire wealth grew 3x faster in '24
Billionaire wealth across the globe surged by $2 trillion in 2024 to $15 trillion at a rate three times faster than the previous year, a study showed on Monday.
Govt selects 24 companies for ₹3,516-crore white goods PLI
38 companies applied in third round; 18 new firms have been provisionally selected
Hindenburg denies SEC investigation
U.S.-based short-seller Hindenburg Research has said that it is not under investigation by the market regulator US Securities and Exchange Commission (SEC) as it rubbished alleged links of its founder to a hedge fund for preparing reports targeting companies.
Founders Step Back From PharmEasy, Eye Consumer Space
Siddharth Shah, the last of the co-founders, will continue to be the MD and CEO of the company
First Israeli hostages released under Gaza cease-fire
The first three Israeli hostages were released Sunday under a cease-fire deal in the Gaza Strip, beginning a drawn-out process that halted more than a year of war and will see 33 captives freed over the next six weeks in exchange for hundreds of Palestinian prisoners.
LTIMindtree's global markets head quits
TIMindtree Ltd's president of global markets, Sudhir Chaturvedi, has quit the company, leaving chief operating officer Nachiket Deshpande as the frontrunner to succeed current chief executive Debashis Chatterjee, whose term ends later this year.
Why everyone is trying out stick-it-on patches
From acne to chronic pain relief, the market for transdermal patches is growing. Mint explores the science, and reasons for this growing interest
Fresh US sanctions may hit GRMs of Indian oil refiners
Gross refining margins of Indian oil refiners are likely to shrink going ahead post fresh sanctions on two Russian oil producers and nearly 200 crude-carrying vessels, according to sector experts.
India's credit guarantee scheme for startups holds high potential
It provides much needed collateral-free loans at a time when risk capital has been slowing down
Can the Budget Tackle Tax Appeal Delays and Ease Taxpayer Burden?
Government must address the growing backlog of tax appeals and impact of prolonged litigation on taxpayers