 "B N Srikrishna")
While submitting its recommendations for a data protection law to the Centre on Friday, the panel led by Justice B N Srikrishna has proposed hefty penalties on corporates who fail to uphold the country’s data privacy laws.
The committee has recommended that misuse of data by any private entity should attract a fine of a fixed amount set by law or a certain percentage of that company’s worldwide turnover.
Experts are of the opinion that this provision is very similar to what the European Union has done through its General Data Protection Regulation (GDPR).
In situations where a company fails
