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Historical data timeline creator9/12/2023 ![]() ![]() Safeguarding not only personal information but also the very infrastructure that holds it, ensures a landscape where trust, innovation, and progress can thrive unhindered. Udit Mehrotra, MD and CEO, Spectra As the Digital Private Data Protection Bill takes center stage in Parliament, it serves as a crucial reminder that just as user privacy is paramount in the digital age, network security stands as an equally imperative responsibility for companies. This will ensure a more privacy-conscious digital ecosystem and strengthen the regulatory landscape. It is a promising and welcomed step as it addresses concerns like cross-border data transfer and remedies for unauthorised data processing. Nishant Behl, Founder of Expand My Business The introduction of the Digital Personal Data Protection Bill will not only create an essential framework of trust between individuals and enterprises processing their data but also set explicit norms for accountability and responsible data handling. We firmly believe Bill will significantly support building a robust, safe, customer-centric digital lending ecosystem. It embodies the right of individuals to protect their data and the need to process personal data for lawful purposes. We welcome the Digital Personal Data Protection Bill 2023, as it clarifies and simplifies the rights and obligations of data principles and fiduciary/data processors within an overarching framework for consent, privacy, security, and grievance redressal. Legitimate access to customer data is critical to fintech lending to support an inclusive digital economy based on trust, fair and transparent engagement between consumers and businesses. Sugandh Saxena, CEO, Fintech Association For Consumer Empowerment (FACE) The Draft Personal Data Protection Bill 2023 will be instrumental in allowing consumers to control and harness their data for suitable purposes they consider fit for their needs. Businesses must take this responsibility seriously and proactively adhere to the bill's requirements. This includes strong measures to enforce penalties for non-compliance. ![]() With the bill passed, it is vital to ensure its effective implementation with proper compliance and regulations. It emphasizes responsible data collection, secure backup, and lawful disposal practices for businesses. This significant step showcases our government's unwavering commitment to safeguarding personally identifiable information (PII) in this digital age. Managing Director of Quick Heal Technologies Ltd We applaud the government's dedication to data privacy and protection as demonstrated by the consensus on the Digital Privacy Data Protection Bill (DPDPB) in Parliament. Here's what industry leaders have to say on the Bill Sanjay Katkar, Jt. It lays down obligations of entities handling and processing data as well as rights of individuals. The bill moots creation of Data Protection Board of India and provides protection to the Centre, the board and its members, on "action taken in good faith". ![]() ![]() The Digital Personal Data Protection Bill 2023 bill was introduced in Parliament today (August 3). ![]()
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