In a bid to ensure protection of personal and professional sensitive data of the individuals from misuse, the Centre is planning to bring Data Protection Law in India.
While talking about the significant role of innovations in communication technology, Union minister for law and justice and electronics and information technology Ravi Shankar Prasad said that e-payments have inflated by eight times to Rs 2,070 crore in the last five years.
“We are planning to bring Data Protect Law to protect personal and professional sensitive data of the individuals of India. So that it cannot be misused in foreign countries by Google. And if someone does it then we can take stringent action against the person,” said the minister.
The minister added that India is the third most attractive destination for investment now pertaining to technology transactions.
He said that India’s ranking in terms of global innovation index has improved from 81st in 2015 to 60th in 2017.
"Exciting news! Elets Banking & Finance Post is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest insights!" Click here!
Elets The Banking and Finance Post Magazine has carved out a niche for itself in the crowded market with exclusive & unique content. Get in-depth insights on trend-setting innovations & transformation in the BFSI sector. Best offers for Print + Digital issues! Subscribe here➔ www.eletsonline.com/subscription/
Get a chance to meet the Who's who of the Banking & Finance industry. Join Us for Upcoming Events and explore business opportunities. Like us on Facebook, connect with us on LinkedIn and follow us on Twitter, Instagram & Pinterest.