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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