Prakhar Misra and Sharmadha Srinivasan write in Hindustan Times that India should applaud itself for adopting a holistic approach to economic regulation of data, but, while keeping the complexities of data in mind, it should not forget the complexities of regulation learnt from its own experience across sectors.
"Multiple regulators also lead to the possibility of a lack of oversight, given that each authority presumes another regulator is responsible for regulating that issue. The Personal Data Protection Bill earmarks mergers and acquisitions as one area where data can be processed without user-consent — but this could have adverse competition and privacy concerns and can largely become an area overlooked by both the Competition Commission of India (CCI) and DPA. All this is due to unclear jurisdictions and no demarcation of authority across regulators. This problem was one of the contributing factors to the 2008 financial crisis, with the United States having at least nine regulators for the financial sector alone."
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