May marked several sweeping regulatory developments in the fintech space. While the proactive approach of the RBI in monitoring the NBFCs caused a stir, several other key developments also made the he...
The Personal Data Protection Bill, 2019 (the 'PDP Bill') and the California Consumer Privacy Act of 2018 (the 'CCPA') have been formulated with the primary intention of protecting the privacy rights of individuals with respect to their personal data. The CCPA has been brought into effect on January 01, 2020 whereas the PDP Bill is still under consideration of the Indian government and is likely to be finalized later this year. Both the PDP Bill and the CCPA have been formulated largely on the principals of the General Data Protection Regulation (GDPR) of the European Union. Although both the legislations are principally similar to each other, there are substantial differences between them. While the PDP Bill does not have the force of law yet, it is a significant legal development and with the CCPA coming into effect, it is increasingly relevant to examine the data privacy compliance challenges for companies doing business in India and California. INDUSLAW's Namita Viswanath and Ivana Chatterjee discuss.
