India’s data protection law has potential to propel digital economy: Facebook

Social media large Facebook on Friday stated that the info safety regulation in progress has potential to propel the nation’s digital financial system and world digital commerce.

The firm’s remark got here following a listening to by a Joint Committee of Parliament on Data Protection Bill, 2019, chaired by BJP MP Meenakshi Lekhi.

“We deeply appreciate the opportunity to discuss data regulation issues with the Hon’ble Members of Joint Committee on the Personal Data Protection Bill. We believe that India’s data protection law has the potential to propel the country’s digital economy and global digital trade, and we wholeheartedly support this effort,” a Facebook firm spokesperson stated.

The parliamentary panel on Friday quizzed social media large Facebook concerning the quantum of their income, revenue and tax payouts in India and requested what portion of their earnings have been getting used for information safety within the nation, sources stated.

Facebook India’s coverage head Ankhi Das appeared earlier than the Joint Committee of Parliament.

“That is why we deeply appreciate to be a part of this discussion and will continue to work alongside governments and regulators to find the right solutions which not only protect users’ privacy but are also interoperable with other major global privacy regulations” the corporate spokesperson stated.

Das was questioned for 2 hours and requested some robust and looking questions by the panel members from throughout the political spectrum, sources stated.       During the assembly, a member steered that the social media platform shouldn’t draw inferences from the info of its customers for industrial advantages of its advertisers or for electoral functions, they stated.       The MPs additionally sought to know the income Facebook generates from India and what number of the income is spent on safeguards for information safety, in response to sources.