The government is coming with a new draft data protection law in the coming days, Union IT minister Ashwini Vaishnaw said Thursday.
Input from various stakeholders has been taken into account in formulating the bill, Mr Vaishnaw said during the third edition of the Global Fintech Fest here.
“It’s a matter of a few days when the bill is uploaded for consultation,” he said.
At the beginning of August, the government withdrew the personal data protection bill, which was first introduced at the end of 2019.
Mr Vaishnaw said the Joint Parliamentary Committee that reviewed the original draft proposed 88 amendments to a 91-section bill, leading the government to decide there was “no option” but to withdraw the original bill completely.
He added that many changes had taken place during the pandemic, leading to newer lessons to be incorporated into the laws.
However, the minister made it clear that even in the absence of a data protection law, there is no need to worry about invasion of privacy, because the Supreme Court has declared this a fundamental right.
Meanwhile, he urged the industry to proactively work with the government to formulate laws and regulations on topics such as online gaming, fake news, crypto, payments, credit fraud, etc. so that timely action can be taken on issues that affect the wider society.
“Some of the sectors that are of real concern in society, we really need to come forward… As a joint group, government and industry need to work together and create solid, robust regulation for all of these concerns,” he said.
He noted the need for society to be in sync with the changing times, saying addiction is “very easy” in the digital world and regulation will help with that.
“If we don’t do that, society will take a backlash… If you don’t, it will create so much resentment that the industry will not be able to cope tomorrow,” the minister warned.
Mr Vaishnaw said the government expects 5G services to be launched by Prime Minister Narendra Modi in early October, and aims to equip much of the country with the latest telecom technology within the next two years.
The government is investing $30 billion to bring internet fiber or 4G broadband to every village panchayat in the country and has reached 1.5 lakh panchayats so far, he said, adding that 80,000 new connections are given every month.
He said the government also aims to create village-level entrepreneurs who will bring the digital services to the common people in their villages.
A draft of India’s Telecommunications Act, 2022 with detailed explanatory notes, was published late Wednesday night, Mr Vaishnaw said, asking the industry to come forward with suggestions and concerns about it.
“We are looking at 3-4 legislations that will create a comprehensive set of legislations for the digital world,” he added.
(This story was not edited by DailyExpertNews staff and was generated automatically from a syndicated feed.)