Internet giants like Google and Facebook have often been accused by global media outlets for not sharing the advertising revenue while using their content for gaining the same. To address this issue, the Australian government enacted News Media and Digital Platforms Mandatory Bargaining Code, which requires digital service providers like Google and Facebook to pay local news firms for using their contents on the digital platforms. The first-of-its-kind Code creates a positive precedent for funding journalism across the world.
With the rise in the use of Internet facilities and India trying to become a digital nation promoting digitization at all levels, the need for data protection has become an important issue. The Indian IT sector has a major contribution to the Indian economy and they provide services to a large number of people all over the world. With the rise of the telecom sector in India and the number of people using it, it has become evident that data protection has to be considered a necessity in India.
Recently, Facebook India’s policy head has appeared before the 30-member Joint Committee of Parliament which is scrutinizing the draft Personal Data Protection Bill, 2019. But Amazon has declined to appear due to risky travel during the pandemic. The draft data protection bill was submitted by Justice BN Srikrishna committee in the Ministry of Electronics and Information Technology (MeitY) to provide for a solid legal framework on data protection in India. The bill recognizes privacy as a fundamental right with provisions to protect personal data. In December 2019, Parliament approved sending it to the joint committee.
The Supreme Court, on March 2020, had struck down RBI’s controversial circular that prohibited any central bank regulated entities from providing banking services to anyone dealing with virtual or cryptocurrencies. This ruling allows banks to handle cryptocurrency transactions. Though this may threaten the country’s financial system, it does provide an opportunity for the government and the central bank to form regulatory frameworks and laws that, while allowing the use of cryptocurrencies, can ensure preventive measures that can counter private cryptocurrencies.
In recent years, India has charted a unique path to digitization, the impact of which is inclusive, empowering and transformative. It is amongst the top two countries globally, only after China on many dimensions of digital adoption. By 2022, India’s digital economy may cross $1 trillion. This was the focus of India Digital Summit 2019 that was held in New Delhi. Since its launch, it has transformed India significantly. However, it is facing numerous challenges in the current times and the government needs to take steps to make it successful for the inclusiveness and empowerment of all Indian citizens.
Fifty years ago, smartphones would have been the ultimate computing wizardry. Just as classical computers were almost unimaginable to previous …
The Internet of Things (IoT) can become a game changer that India needs as this concept is set to disrupt almost every sector in India from smart cities and telecom to manufacturing and mobility. The rapid development in the IoT leads to the starting of the next digital revolution. However, the Internet of Things throws up many challenges like data safety and privacy. So India needs to push ahead with this concept to kick-start the radical development process with the proper regulatory framework in place to govern IoT.
According to the recent report, over a million jobs will be created in the Cloud Computing sector of India by 2022. As cloud computing is becoming more prevalent in both small and large companies, the global demand for professionals is also steadily on the rise. Moreover, firms are currently investing 4.5 times the rate of conventional IT spending in cloud infrastructure and the sector is expected to grow even faster by 2020.
If the twentieth century brought the Internet as a decentralized domain, the twenty-first century is noted by the fight over the control of data. Data localization is the collection, processing, and storage of all data within the national boundaries, which is gaining momentum in India.