LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS

Read in App
Business News » India News

India's data protection law will set global benchmark: Prasad

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Updated: Sat, Sep 09, 2017
05:59 pm
PTI
RELATED NEWS
Expert Views: BIG! India's retail inflation eases to 4.59% in December Expert Views: BIG! India's retail inflation eases to 4.59% in December
Budget 2021 Expectations – HOME BUYERS to benefit if Govt accepts this demand; JLL CEO lists following demands Budget 2021 Expectations – HOME BUYERS to benefit if Govt accepts this demand; JLL CEO lists following demands
Jobs, land prices, Covid-19 vaccine, rural India, household savings, NBFCs, banks, consumption, capex - Positives and Negatives | EXPLAINED Jobs, land prices, Covid-19 vaccine, rural India, household savings, NBFCs, banks, consumption, capex - Positives and Negatives | EXPLAINED
Economy, markets, FIIs, chemicals, IT and Pharma - Make money, as India powers to new highs | EXPLAINED    Economy, markets, FIIs, chemicals, IT and Pharma - Make money, as India powers to new highs | EXPLAINED
Setback for China – Trend reversing in favour of India; SFI lands big blow! Know here WHY! Setback for China – Trend reversing in favour of India; SFI lands big blow! Know here WHY!

Law and IT Minister Ravi Shankar Prasad today said the government will come up with a robust data protection law which will set a global benchmark.

"We will come up with data protection law that will set a global benchmark like the way we have done for Aadhaar," Prasad said at a session organised by Biju Janata Dal MP Baijayant Panda on privacy and data protection.

The minister said the government has formed a committee to give a structured report on data utility, data privacy and data availability.

"That committee is to give a report in coming three months. I want to assure you that we respect data sovereignty of Indians but we also appeal to Indians that your data must be made available also for legitimate concerns, legitimate interest and for development of India," Prasad said.

He said data of people should be available for innovation and research.

The minister said India's digital economy is going to be USD 1 trillion and stakeholders of the economy have said it will become USD 2 trillion in the next 5-7 years.

"The projection is 50-75 lakh jobs will be created only in digital economy in coming 5-7 years apart from giving taxes," Prasad said.

The minister said digital transactions increased from 3,700 per day in November 2016 to 54 lakh per day at present.

Enumerating achievements of the government in the last three years, he said 93 mobile manufacturing companies have come in India and there is scope for medical, defence, automobile electronics in the country.

"The reason why I very briefly gave the(information on) whole digital ecosystem is how should we go forward? Should we go forward in the name of privacy to kill it? Should we stop it or should we not stop it? That is indeed a challenge," Prasad said.

He said the information technology revolution is also to be respected, accelerated and in this larger framework issue of privacy has to be considered.

"In a strict sense, in a conservative sense...since I am also law minister and the matter is pending (before court), I will be guarded in my comment but in strict sense what you do in your house is your privacy," Prasad said.

The minister said the Supreme Court judgement has said Right to privacy is not an absolute right.

"On behalf of the government we also said it (privacy) is not an an absolute right but part of Article 21," Prasad said.

The minister quoted from the apex court judgement that "Like the right to life and liberty, privacy is not absolute.

The limitations which operate on the right to life and personal liberty would operate on the right to privacy".

He said the apex court judgement on privacy is a landmark judgement.

 

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Economy
RELATED NEWS
Expert Views: BIG! India's retail inflation eases to 4.59% in December Expert Views: BIG! India's retail inflation eases to 4.59% in December
Budget 2021 Expectations – HOME BUYERS to benefit if Govt accepts this demand; JLL CEO lists following demands Budget 2021 Expectations – HOME BUYERS to benefit if Govt accepts this demand; JLL CEO lists following demands
Jobs, land prices, Covid-19 vaccine, rural India, household savings, NBFCs, banks, consumption, capex - Positives and Negatives | EXPLAINED Jobs, land prices, Covid-19 vaccine, rural India, household savings, NBFCs, banks, consumption, capex - Positives and Negatives | EXPLAINED
Economy, markets, FIIs, chemicals, IT and Pharma - Make money, as India powers to new highs | EXPLAINED    Economy, markets, FIIs, chemicals, IT and Pharma - Make money, as India powers to new highs | EXPLAINED
Setback for China – Trend reversing in favour of India; SFI lands big blow! Know here WHY! Setback for China – Trend reversing in favour of India; SFI lands big blow! Know here WHY!

LATEST NEWS

Two biz lessons from India vs Australia Cricket Test Match, straight from the Fund Manager's desk

RBI proposals to restrict land financing by NBFCs: Report

Indigo Paints IPO: How to check share allotment status? SHORTEST WAY! Know subscription directly from BSE, Link Intime website

7th Pay Commission latest news: Whopping salary plus allowances; check details of this central government job at joinindianarmy.nic.in

Miracle! Apple Watch saved this kidnapped woman from criminals; you won't believe what happened

FD Calculator - SBI vs HDFC vs ICICI Bank: Which will give more return for your fixed deposit money?

Adidas unveils ULTRABOOST 21, a fresh update of the brand’s most successful ever running franchise

Homefirst Finance IPO Share Allotment Status: Here is how to check subscription - Step by step guide

FAUG Game Download: Big development! Here is link

Budget 2021: Tough balancing act for govt, says Report

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved