The Government on Wednesday approved the Personal Data Protection Bill that will spell out a framework for the handling of personal data including its processing by public and private entities.

Source: ShutterstockThe Bill is likely to contain broad guidelines on the collection, storage and processing of personal data, consent of individuals, penalties and compensation, code of conduct, and an enforcement model.

Last week, IT minister Ravi Shankar Prasad said the Government will soon introduce a robust and balanced Personal Data Protection Bill in Parliament, adding that India will never compromise on data sovereignty.

"In case of major violations, Personal Data Protection Bill proposes a penalty of up to Rs 15 crore, or 4 percent of global turnover (whichever is higher).

As per the Bill, critical data has to be mandatorily stored in India, while sensitive data can be processed outside with explicit consent of data owner. | To read full story, visit https://startuparound.com/read/1575478913.1172464/Union-Cabinet-approves-Personal-Data-Protection-Bill-in-India?ref=audio_experience