BENGALURU | NEW DELHI: The government will likely give companies up to two years to be fully compliant with the proposals in the Data Protection Bill after it is passed in Parliament and becomes law, official sources told ET. The industry is of the view that since the Bill is modelled on the European Union’s General Data Protection Regulation (GDPR), large companies, including global Internet giants and Indian information technology companies, may not have to put too much efforts to tweak their systems to comply with the proposed Indian law. “Some time — around two years — will be given to the companies to be compliant with the law,” said a top government official, adding that the government would soon decide on the exact timeline for the implementation of the Bill. EU’s GDPR was notified in May 2016 and gave companies and public bodies until May 2018 to adjust their business practices according to the legislation. “Let’s assume the Bill gets passed within 24 hours. The draft Bill has provisions that within six months the Data Protection Authority has to be established and 12 months thereafter various sections can be bought into effect… all in one go or bit by… Read full this story
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