India’s Proposed Data Privacy Bill Mandates Local Storage
A proposed data protection bill raises some concerns, especially for financial institutions dealing with India data.
India is a step closer to having its own data protection framework after the release of a draft Personal Data Protection Bill. If enacted, the bill would essentially overhaul the way data is processed in India and would require financial institutions to have specific processes in place to comply with the new rules.
Retired Supreme Court Judge Justice BN Srikrishna headed a committee tasked with creating a data protection framework for the country. Following months of discussion, the committee
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