ADIF update: Find out how the PDP Bill will impact your business, the problem of recurring payments, and more
ADIF update: Find out how the PDP Bill will impact your business, the problem of recurring payments, and more
ADIF update: Find out how the PDP Bill will impact your business, the problem of recurring payments, and more
ADIF’s work and latest activities
Find out how the Personal Data Protection Bill will impact your startup. The proposed revision of the Personal Data Protection (PDP) Bill is likely to significantly change the way data is collected and processed in India. It will impact businesses not only from a data privacy and protection perspective but also from an operations perspective.
To help businesses – especially Indian startups – understand the implications of the Bill and plan a compliance strategy, we are hosting an online session on February 9 at 4PM IST to cover the following themes:
Expansion of the scope of the Bill to include Non-Personal Data and its implications
Additional compliances that are expected and potential impact on the industry
Impact of the cross-border transfer and data localisation provisions
Provisions on the processing of children’s data
Exemptions offered to govt entities and smaller entities doing manual processing
Liabilities for data fiduciaries and data processors
Through the session, ADIF hopes to seek inputs and suggestions on potential representations that can be made to the government and/or parliament as they consider the changes proposed by the JPC.
You can join the event here.
How Google's tax on PlayStore will hurt consumers. ADIF’s Executive Director, Sijo Kuruvilla George, spoke on the Economic Times’ Morning Brief podcast about how Google's tax on PlayStore will hurt consumers.
Lesser money in hands of developers → lower investments in products & services → eventually resulting in substandard services to consumers.
Listen to the full podcast here.
Welcome our newest alliance members
ADIF’s alliance is now 483-members strong and we are eager to have each and everyone who is vested in the success of the Indian startup ecosystem as a part of our alliance.
Find out more about our newest members here.
Latest from our blog
Why funds don’t flow for startups in India. One of the biggest obstacles is the so-called Angel Tax. This is a tax of 30.9% levied on any domestic investment in a startup that exceeds the “fair market value” of the company.
The main problem here is the way “fair market” value is calculated. The tax department bases its calculations on the net assets of the company, but this does not take into account future revenue projections and growth prospects. The tax is also not levied on foreign investments.
Read the full article here.
The recurring problem of recurring payments in India. If merchants are unable to provide top-notch and seamless quality of services to consumers, there will be tangible repercussions on value creation in digital markets and consumer welfare will be dented.
Read the full article here.
That’s all for this week, thank you for reading!
We look forward to your feedback to improve this newsletter and make it more relevant to you. You can e-mail me at amanat@adif.in.
Regards,
Amanat Khullar
Content & Editorial, ADIF