Niti Aayog for data protection norms on e-payments

Niti Aayog called on Thursday for a comprehensive framework on data protection, specially covering digital transactions.

“Currently, India has no comprehensive privacy or data protection laws that cover digital payments specifically. Section 43(A) of the Information Technology Act (ITA), offers basic protection,“ Niti Aayog said in its three-year action plan.

“Data related to digital transactions could be sold and the consequences would be unpredictable. Increasing the number of digital transactions also means the generation of data around these transactions,“ the report said.

The report acknowledged that from a transparency perspective, the additional data would help with better governance and prevent tax evasion.