Think tank urges withdrawl of proposed data usage restrictions on large digital platforms
Extract:
The ESYA Centre Paper recommends the withdrawal of proposed data usage restrictions on large digital platforms to prevent negative impacts on innovation and competition.
The paper, prepared by a New Delhi-based technology policy think-tank, emphasizes the need to rethink regulatory approaches towards identified large digital platforms.
It suggests that restrictions on data usage could hinder the growth of digital economy players.
The paper highlights that imposing stringent regulations could impede the ability of large digital platforms to create value for consumers and businesses.
It advocates for a balanced regulatory framework that encourages innovation while addressing concerns related to data privacy and market dominance. By promoting a more flexible regulatory environment, the paper aims to foster a thriving digital ecosystem that benefits both users and companies.
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My Take:
Data Protection Bill V 1.0: RIP ……01/08/2022
"Looking back at my blog post on the Data Protection Bill, I expressed concerns about the fines being too small for data violations.
The recent recommendation to withdraw proposed data restrictions on large digital platforms echoes the need for comprehensive laws that balance innovation and privacy.
It's crucial for policymakers to reassess regulatory approaches to prevent hindering digital economy growth."
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Call to Action:
To the policymakers and regulatory authorities involved in digital platform governance: consider the holistic impact of data regulations on innovation and market competition.
Engage with industry experts and stakeholders to craft balanced policies that protect user data without stifling technological advancement.
Prioritize nurturing a conducive environment for digital growth while addressing concerns of data privacy and monopolistic practices.
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With regards,
Hemen Parekh
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