Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram
News

Home News News and Press Release Month 7 2019 2019 (7) This

Policy for Digital Economy

17-7-2019
  • Contents

The Government has recently introduced National Policy on Electronics (NPE) and National Policy on Software Products (NPSP) in 2019 for the growing digital economy. The details are available on Ministry of Electronics & Information Technology’s website (https://meity.gov.in/).

Further, a draft National e-Commerce policy has been prepared and placed for comments in public domain. The draft National e-Commerce policy has been prepared to create a facilitative regulatory environment for growth of e-commerce sector in India and to leverage access to data such that data of Indians can be used for the growth of digital economy in India. The policy establishes strategies which aim to

(i) empower domestic entrepreneurs and encourage Make in India;

(ii) safeguard interests of the consumers;

(iii) ensure creation of jobs in the digital sphere in the times to come;

(iv) promote domestic research and development in digital innovation and

(v) prevent misuse of data while maintaining the spirit of existing regulations.

The Government had constituted a committee of expert on data protection, chaired by Justice (Retd) B.N. Srikrishna, Supreme Court of India, to study various issues relating to data protection and come out with the Data Protection Bill. The Srikrishna committee has brought out a draft Personal Data Protection Bill (PDPB). The framework seeks to put in place a culture of privacy by design and promoting concepts such as consent framework, purpose limitation, storage limitation, and data minimization among various other privacy-oriented concepts. Wide-ranging consultations have been conducted on the recommendations of the committee with a view to finalizing the draft legislation. 

This information was given by the Minister of State in the Commerce and Industry, Som Parkash, in a written reply in the Lok Sabha today.

***

MM/SB

Quick Updates:Latest Updates