India proposed a new data privacy law that will allow companies to transfer some users' data abroad, while giving the federal government powers to exempt state agencies from the law in the interests of national security
The proposed law would be the latest regulation that could impact how tech giants such as Facebook and Google process and transfer data in India's fast-growing digital market. It comes after India in August withdrew a 2019 privacy bill that had alarmed companies by proposing stringent restrictions on cross-border data flows.
The latest privacy bill, however, relaxed certain stringent norms on cross-border transfers proposed earlier, with the government saying it could specify countries to which entities managing data can transfer personal data of users. The new bill also proposes financial penalties of up to 2.5 billion rupees if someone is found breaching the provisions of the law.
India considered global best practices and reviewed data legislation in Singapore, Australia, and European Union, while making the new proposal, it said.
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