Govt may raise fine for violating Data Protection Bill to Rs 1 lakh Cr
By MYBRANDBOOK
The draft personal data protection bill that was issued in 2019, had initially proposed a penalty of Rs 15 crore or 4 percent of the global turnover of an entity.
Under the recently proposed draft Digital Personal Protection Bill 2022, the central government has raised the penalty amount to up to Rs 500 crore for violating provisions. However, Minister of State for Electronics and IT Rajeev Chandrasekhar stated that the fine could easily be raised to Rs 1 lakh crore if required.
The minister said the government wanted to make a crowd-sourced sort of model for legislation. He added that a framework is being created to govern the digital world, and the bill will focus on the rights of data principles and fiduciaries.
The financial costs of data breaches, misusing Indian customers’ data and compromising or negligence on Indian consumers’ data will be very severe. Thus, the companies will not do anything other than maintain the Indian customers’ data with trust and responsibility. That is the intention of the bill, the minister pointed out.
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