New Data Bill draft to allow storage in trusted nations

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The government will eliminate the data localization requirement proposed in the earlier draft of the data protection Bill and instead propose to permit data transfer and storage in “trusted geographies.” Periodically, the government will specify which regions are “trusted.”

The new draft, which is most likely to be made available for public comment this week, will also do away with the criminal penalties that were previously proposed for employees of companies that committed data breaches. An official stated that instead, monetary penalties of up to Rs 200 crore, multiplied by the quantity of users affected, will be imposed for each breach. According to this official, a data protection board will be established to “judge the consequences of any data breaches” and determine the punishmt

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New Data Bill draft to allow storage in trusted nations

The government will eliminate the data localization requirement proposed in the earlier draft of the data protection Bill and instead propose to permit data transfer and storage in “trusted geographies.” Periodically, the government will specify which regions are “trusted.”

The new draft, which is most likely to be made available for public comment this week, will also do away with the criminal penalties that were previously proposed for employees of companies that committed data breaches. An official stated that instead, monetary penalties of up to Rs 200 crore, multiplied by the quantity of users affected, will be imposed for each breach. According to this official, a data protection board will be established to “judge the consequences of any data breaches” and determine the punishmt

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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