Bill on data privacy will be ready “soon”: Finance Minister Nirmala Sitharaman

7 September, 2022 | Vaishali Sharma

nirmala budget 2021 660 220421100634 109242 7YPwBo1K National

Union Finance Minister Nirmala Sitharaman said on Wednesday that the new data privacy bill would be ready “soon,” and that the Information Technology Minister has been working hard on i...

Union Finance Minister Nirmala Sitharaman said on Wednesday that the new data privacy bill would be ready “soon,” and that the Information Technology Minister has been working hard on it.

Union Minister for Information and Technology Ashwini Vaishnaw.

“We will soon have a new Data Privacy Bill, which will be a product of consultations and will address every such concern most of us had on the privacy Bill,” she said.

Sitharaman made the remarks here today while addressing the ongoing India Ideas Summit organised by US-India Business Council.

Several months after it was tabled, the national government withdrew the Personal Data Protection Bill 2019 from the Lok Sabha last month.

Ashwini Vaishnaw, Minister for Railways, Communications, Electronics, and Information Technology, stated that the Bill was dropped because the Joint Parliamentary Committee requested 81 revisions in a bill containing 99 parts.

“Above that it made 12 major recommendations. Therefore, the bill has been withdrawn and a new bill will be presented for public consultation,” he had then tweeted.

Furthermore, in her talk to the US-India Business Council, she stated that jobs, equitable wealth distribution, and guaranteeing India’s continued progress are among her top red-letter objectives.

However, she claims that inflation has not been brought down to “some manageable levels.”

To put things in context, retail inflation in India fell to 6.71 percent in July, the lowest level in five months, helped by a drop in food and oil prices, according to National Statistical Office (NSO) data, but it remained above the Reserve Bank of India’s upper tolerance band of 6% for the seventh consecutive month.

The previous month – June, the retail inflation was at 7.01 per cent in June. Inflation figures for August are expected early next week.