The government is considering exempting early-stage startups from mandatory data protection compliance under the draft Digital Personal Data Protection Bill, 2022.
According to an official source cited by ET, the exemption may be granted for a limited period of time to ensure that early-stage startups are not overburdened with compliance and can develop and innovate their business models. The government cited the same compliance burden on startups as one of the reasons for withdrawing the previous iteration of the bill. The Centre has been championing the draft DPDP Bill and assuring citizens that the government will not be able to violate their privacy.
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The government is considering exempting early-stage startups from mandatory data protection compliance under the draft Digital Personal Data Protection Bill, 2022.
According to an official source cited by ET, the exemption may be granted for a limited period of time to ensure that early-stage startups are not overburdened with compliance and can develop and innovate their business models. The government cited the same compliance burden on startups as one of the reasons for withdrawing the previous iteration of the bill. The Centre has been championing the draft DPDP Bill and assuring citizens that the government will not be able to violate their privacy.
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.
