Data Policy

Here's a quick capsule of the best of Business Standard's opinion pages today for your quick reading.

At a time when India's Global Capability Centre (GCC) market size is expected to reach $60 billion by 2025, tech firm Lingaro Group is eyeing a 30 per cent year-over-year revenue increase in India

The Ministry of Electronics and Information Technology has urged tech firms to adopt advanced methods for obtaining parental consent while allowing them to determine the best practices independently

The notification of the rules to India's data privacy law have been long awaited

'Total addressable market of PC to double in next five years'

Previously, the power to delete surveillance records rested solely with the security agency responsible for the surveillance

The government is also interested in the type of Chinese data that the company will disclose to regulators in the U.S. as Shein seeks a listing there, the newspaper reported

Data fed into an AI algorithm determines its efficiency. The right dataset prevents inbuilt biases and errors. Studies estimate the market for training datasets is worth over $8 bn

Edge data centers are built close to the users, allowing them to provide a smooth transmission of data to the users

The company is planning to build nine data centers and targeting a total capacity of 1 gigawatt by 2030

The Bill prescribes penalties of up to Rs 250 crore for each instance of a data breach arising from a lack of reasonable safeguards on platforms

Individuals reporting annual total income of over Rs one crore have doubled to 1.69 lakh in the two-year period ending March 2022, the income tax department data showed. As per the tax return data filed in assessment year (AY) 2022-23, relating to income earned in fiscal 2021-22), 1,69,890 individuals have shown total income of above Rs 1 crore. This is higher than 1,14,446 individuals who had shown similar income in AY 2021-22. The number has doubled since AY 2020-21, wherein 81,653 individuals had declared an income of over Rs 1 crore. During AY 2022-23, over 2.69 lakh entities, including individuals, companies, firms and trusts, have shown total income of above Rs 1 crore. This includes filings by 66,397 companies, 25,262 firms, 3,059 trusts and 2,068 Association of Persons. In AY 2022-23, the total number of ITR filed stood at over 7.78 crore, higher than nearly 7.14 crore filed in AY 2021-22 and 7.39 crore filed in AY 2020-21. As regards the state-wise filing count for AY .

In a notification issued last week, the ministry of statistics and programme implementation (MoSPI) said that the reconstituted SCoS will now have a broader mandate

78% of IT leaders are seeing significant benefits from data streaming in their organisations when it comes to faster strategic decision making, 79% reported improved customer acquisition and retention

Average data consumption per user in India reached 19.5GB per user a month in 2022, which is equivalent to 6,600 songs, a report showed on Thursday.

MeitY on Friday released a draft version of the much-awaited data protection law, in the fourth such effort since it was first proposed in July 2018

The Digital Personal Data Protection Bill will also hold the government liable in case of a data breach, a government source said on Saturday. The source said that the bill will only cover aspects around digital data as the Ministry of Electronics and IT's mandate is to deal around digital and cyber space. "The bill is mainly to make those entities accountable that are monetising data. In case of data breach even the government is not exempted," the source said. The draft Digital Personal Data Protection Bill has exempted certain entities notified as data fiduciaries by the government from various compliances, including sharing details for the purpose of data collection. The draft has come up with various provisions to ensure data handling entities collect data with the explicit consent of individuals (or data principals) and use it only for the purpose for which it has been collected. The draft has proposed a penalty of up to Rs 500 crore in case data fiduciaries or entities ...

Four out of 10 in LocalCircles study point finger towards insurance providers or banks

Smartwatches remained the fastest-growing category, recording 178 per cent YoY growth while earwear accounted for 67.3 per cent of the overall wearables category

The Bengaluru-based firm is setting up data centres in India at a time when it has completed three steps to move its domicile to India