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"The purpose of this Bill is to provide for the processing of digital personal data in a manner that recognises the right of individuals to protect their personal data, the need to process personal data for lawful purposes and for other incidental purposes," an explanatory note says.
The Data Protection Bill, 2022 prescribes up to ₹250 crore penalty for companies that fail to safeguard personal data or report breaches.
The draft proposes to set up a Data Protection Board of India, which will carry on functions as per the provisions of the bill
The draft proposes a penalty of up to Rs 250 crore in case the Data Fiduciary or Data Processor fails to protect against personal data breaches in its possession or under its control
Best Media Info: The draft personal data protection bill, issued in 2019, had proposed a penalty of Rs 15 crore or 4% of the global turnover of an entity| Digital News