Page 39 - BANKING FINANCE November 2018

A

DRAFT PERSONAL

DATA PROTECTION

BILL 2 INDIA

STAGGERING

EREGIOUS

HISTORIC

one a e t e da s en o an sat on arious stakeholders such as citi ens s SM s and start
u s that the dra t la should a ect i enacted into la
ou d a t ea s t out d u n

n o at on a out o o sed data a
Dra t la hich ai to strengthen the data rotection
co ittee set u the Ministr o lectronics and regulations and strengthen rotection or all ndi iduals o
n or ation echnolog M has re ared and ro osed ndia
a dra t general data rotection la or ndia to re lace the
e isting regi e enalt o u to R Crores or ercent o the total
orld ide turno er o the receding inancial ear
he dra t la has een ut u the M or u lic hiche er is higher in case o se ere iolations R crore
co ents the deadline or hich is resentl th or ercent o the total orld ide turno er in case o
Se te er he o erall o jecti es o the u lic certain less se ere reaches
consultation e ercise is or the M to seek eed ack ro
Cri inal enalties ranging ro ears o i rison ent
or intentional reckless and da ages caused ith

kno ledge or certain o ences ll o ences under the dra t
C Manali ane iwal ill are categorised as cogni a le and non aila le
C D S and C S
Mehta arg gra al Chartered he ter total orld ide turno er not onl includes the total
ccountants and ractising in D R orld ide turno er o the Data iduciar ut also that o its
n or ation securit audits
grou entities i such turno er o the grou entit arises as a
ri ate uit De t S ndication
result o rocessing acti ities o the Data iduciar
B N N N N E | NOVEMBER | 2018 |