New Delhi:&nbsp;The Centre on Friday released the draft personal data protection bill, seeking to provide a framework for a strict user-consent regime for data processing, along with a penalty of up to Rs 500 crore for data breaches by social media and internet companies while offering concessions to technology&nbsp;firms, reports Pankaj Doval.
Tech majors such as Google, Amazon and Meta are seen to be benefiting from the new draft that eases certain restrictions on cross-border transfer of data unlike previous versions where conditions had been specified although it is silent on the need to maintain mirror copies (within India) of "sensitive personal data" such&nbsp;as financial, health and biometric information of users. In August, the government had junked the earlier draft. The global outfits had opposed restrictions on the transfer of such data as well as the need to store it within India (called data localisation) and had instead advocated seamless movement.
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Draft data protection bill seeks to ease cross-border transfer

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{{magzter}} is the World's largest and fastest growing self-service, cross-platform digital newsstand with over 87 million users since its inception in 2011 and thousands of magazines and newspapers across 40+ categories and 60+ languages. Headquartered in New York, Magzter has its local presence in Amsterdam, London, Mexico City, Chennai, Mumbai, New Delhi, Bengaluru, Singapore, and will soon be expanding to other countries. Founded by global entrepreneurs, Girish Ramdas and Vijay Radhakrishnan in June 2011, Magzter enables magazine and newspaper publishers around the world to create and deliver digital editions of their titles to global consumers.