Data protection bill will compel companies to review their current working ways, make investments in new processes: Experts
data protection bill will compel companies to review their current ways of working, make investments in new processes and sensitise workforce in handling of personal data, experts said on Thursday. The bill was introduced in Parliament on Thursday.
Manish Sehgal, Partner at Deloitte India, welcomed the bill, saying that the moment was being waited upon for past few years. According to him, non-adherence of obligation listed in the bill may attract sanctions and commercial penalty as high as Rs 250 crore.
«In view of the bill's extra territorial coverage, enterprises based outside India serving individuals in India will also be expected to adhere to the provisions of this bill once enacted,» he said. He also said that enterprises will have to review the current ways of working, especially for personal data of employees, customers, merchants and vendors to honour their right to access, update and erase their personal data.
Advising businesses to be ready for implementing data hygiene practices, he said, «once the bill will be enacted, transformation is imminent and enterprises should embrace it, not just for compliance purposes but to establish and operate in a privacy enabled environment.» Noted tech author and Founder and Managing Director of Tech Whisperer Jaspreet Bindra said India is one of the very few countries where privacy has been declared to be a fundamental right of its citizens. He welcomed the proposed formation of the Data Protection Board and the fact that it will be housed by professionals but noted that there will be challenges in its implementation.
«Technology tends to move much faster than regulation and implementing regulation effectively and speedily is a challenge. There are many aspects to GenAI
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