India’s data protection law has potential to propel digital financial system, says Facebook
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The firm’s remark got here following a listening to by a Joint Committee of Parliament on Data Protection Bill, 2019.
Social media big Facebook on Friday mentioned that the data protection law in progress has potential to propel the nation’s digital financial system and international digital commerce.
The firm’s remark got here following a hearing by a Joint Committee of Parliament on Data Protection Bill, 2019, chaired by BJP MP Meenakshi Lekhi.
“We deeply appreciate the opportunity to discuss data regulation issues with the Hon’ble Members of Joint Committee on the Personal Data Protection Bill. We believe that India’s data protection law has the potential to propel the country’s digital economy and global digital trade, and we wholeheartedly support this effort,” a Facebook firm spokesperson mentioned.
The parliamentary panel on Friday quizzed social media big Facebook in regards to the quantum of their income, revenue and tax payouts in India and requested what portion of their earnings had been getting used for data safety within the nation, sources mentioned.
Facebook India’s coverage head Ankhi Das appeared earlier than the Joint Committee of Parliament.
“That is why we deeply appreciate to be a part of this discussion and will continue to work alongside governments and regulators to find the right solutions which not only protect users’ privacy but are also interoperable with other major global privacy regulations” the corporate spokesperson mentioned.
Ms. Das was questioned for 2 hours and requested some robust and looking out questions by the panel members from throughout the political spectrum, sources mentioned.
During the assembly, a member urged that the social media platform shouldn’t draw inferences from the data of its customers for business advantages of its advertisers or for electoral functions, they mentioned.
The MPs additionally sought to know the income Facebook generates from India and what number of the income is spent on safeguards for data protection, in accordance to sources.
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