DATA FIDUCIARIES
Social media companies list out worries as Centre readies data protection rules
Social media platforms have said that undoing behavioural tracking of children and targeted advertisements are among the biggest concerns they have with the new data law the government is prepping. The companies are voicing their concerns as rules of the Digital Personal Data Protection (DPDP) Act will be released soon.
IT Minister’s back, policy honchos hope data rules will allay sector’s concerns
The re-appointment of Ashwini Vaishnaw as the minister of electronics and information technology has sparked hopes for continued dialogue between the industry, technology policy groups, and the government before the Digital Personal Data Protection (DPDP) Rules are enforced. The government aims to build on the policy work done so far, including drafts for the Digital India Bill and safeguards for AI.
Tesla shareholder sues Musk for alleged $7.5 billion insider trading
A Tesla shareholder filed a lawsuit accusing CEO Elon Musk of insider trading by selling over $7.5 billion of Tesla shares before disappointing production numbers were public.
RBI action on Kotak Mahindra Bank: Is your data in other banks safe?
Kotak Mahindra Bank: The Reserve Bank of India (RBI) took action on Kotak Mahindra Bank due to observance of serious deficiencies and non-compliances in the areas of data security and data leak prevention strategy, business continuity and disaster recovery rigour and drill, etc. So did the bank violate Digital Personal Data Protection Act, 2023?
When the third-party cookie crumbles: A new privacy-centric internet emerges
Third-party cookies, which are used to track the online movement of users, are being phased out by Google. A tool to make a user’s internet experience more intuitive, Cookies became a villain when they became intrusive. How will it transform the internet?
DPDP Rules: Concerns over leeway to some companies on use of kids’ data
Digital privacy and cybersecurity experts as well as lawyers ET spoke to also said that there needs to be additional deliberation on the finer workings of the consent artefact architecture, including how giving and revoking consent will work.
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2023 Year in Review: Top policy changes that impacted the technology industry
From a new data law to changes in taxation for the online gaming sector, 2023 saw a plethora of developments impacting India’s tech industry.
Social media companies may have to delete data of users away for three years
The proposal is part of draft executive rules of the Digital Personal Data Protection (DPDP) Act, which was ratified as a law in August this year. ET has seen a copy of the draft rules, which will be floated for discussion among stakeholders shortly.
Meta, Google may lock horns over age-gating, consent norms
Social media and internet giants Google and Meta are headed for a clash in India over the critical issue of age verification and consent management for young internet users below 18.
Companies fear new data law may upset cross-selling cart
Banks, telcos say seeking user nod each time to access info to sell different products will hurt operations
Tech majors seek 18 months for DPDP Act compliance
In a letter addressed to ministers Ashwini Vaishnaw and Rajeev Chandrasekhar, the industry association has said that implementation of the provisions of the DPDP Act would require structural changes in organisations and businesses.
Big Tech coalition seeks 12-18 month extension to comply with India's DPDP Act
The Asia Internet Coalition (AIC), an industry group representing Big Tech companies like Meta, Google, Apple and Microsoft, on Thursday urged the Ministry of Electronics and Information Technology (MeitY) to extend the deadline by 12-18 months to comply with certain provisions under the Digital Personal Data Protection (DPDP) Act, 2023.
The data dilemma: Companies find India's privacy law a tricky maze to traverse
The implementation of India’s privacy law is keeping organisations from varied sectors — technology, banking, telecom, medicine, etc — on their toes.
Fintechs scramble to tweak systems as DPDP Act looms
Services like co-lending, payments, cross selling of financial products depend on multiple companies working together. With the DPDP Act those partnerships will need to be relooked.
Companies panic, want clarity on data rules, seek more time
The government has said that the law will have to be implemented in six months by big companies, while others will get 12 months with only a few exceptions.
Big Tech companies must comply with new data law in 6 months: MoS IT Rajeev Chandrasekhar
Some governmental organisations, particularly state government bodies that are not prepared for the transition, may be given more than 12 months to comply, he added.
MeitY to hold consultation with industry on data law this week
Big Tech companies are likely to get less time than startups, MSMEs (micro, small and medium enterprises), government departments and other state governments to implement the rules around the DPDPA, the official had said.
New data law will be an ever-evolving act: MoS IT Rajeev Chandrasekhar
Minister of State for Electronics and IT, Rajeev Chandrasekhar, says the new data law will be an ever-evolving act and its provisions will be examined to keep pace with changes.
Government will ensure orderly transition to new data rules: MoS IT Rajeev Chandrasekhar
The government does not want consumers or industry to be hit by fixing a timeline for the setting up of the Data Protection Board under the Digital Personal Data Protection Act, minister of state for electronics and IT Rajeev Chandrasekhar said.
Data usage and ground-rules: Inside India's new Digital Personal Data Protection framework
While the new Digital Personal Data Protection Act seeks to establish a robust framework for the protection of personal data in the digital realm, it has drawn criticism from some quarters over broad exemptions granted to state entities and some of its provisions diluting the landmark Right to Information (RTI) law.
Digital Personal Data Protection Bill gets President's assent, becomes law
The government is now likely to move on to framing and rolling out the rules and regulations of the DPDP Bill.
Digital Personal Data Protection Bill passed in Rajya Sabha
The Lok Sabha passed the bill on Monday by a voice vote amid some slogan-shouting by Opposition members seeking a debate on the Manipur issue.
Operations cost may go up for global firms under new data regime
Even though the new data bill allows for easy cross-border transfer of data, businesses will still have to comply with local data storage norms as mandated by sectoral regulators.
In data we trust: what’s on the table if the new data bill gets passed
India is the world’s largest data market after China, yet it doesn’t have a privacy law. The latest draft of the Digital Personal Data Protection Bill, which was tabled in Parliament last week, takes us closer to having a legislation.
Rs 250 crore penalty for breaches in new data bill tabled in Parliament
New clause allows a platform to be blocked if two or more instances of breach of provisions occur
New data bill spells out exemptions, but opposition parties, experts decry govt’s powers
Members of the Opposition and some technology policy experts have raised concerns as this gives wide ranging powers to the government.
Digital Personal Data Protection bill: government may pull content or block access to platform
The measure to block access has been introduced to give the government control on repeated instances of flagrant violations of the provisions of the bill, a senior government official said.
Data Bill may give govt power to lower the age of consent
Lowering the age for consent under the proposed law was one of the biggest demands of Internet companies like Facebook and Google, as that has a significant impact on their business operations in the country.
High-risk data fiduciaries to be regulated more granularly under Data Bill: MoS IT Rajeev Chandrasekhar
The minister said it is the responsibility of the platforms (social media intermediaries) to do their due diligence, and that he is genuinely considering "doing away with safe harbour".
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