NEW DELHI: Union Law and IT Minister on Saturday cited a Supreme Court ruling to stress that privacy of data should not kill innovation and shield corrupt, terrorists and criminals.
Also, there is a need to strike a healthy balance between data availability, utilisation, innovation and privacy of data, he said.
“The Supreme Court has said privacy can’t kill innovation. Innovation must be allowed to grow. Secondly, privacy can’t shield the corrupt, the terrorist and the criminals,” Prasad said at the Financial Inclusion Summit 2018 organised by the CII here.
He, however, said that due respect must be given to sensitive data.
Innovation in the country has increased and Indians are adopting technology very fast, the union minister said.
“FinTech (financial technology) has done a great job in empowering digital profile of India. Payments through BHIM app has crossed Rs 57,000 crore in September,” Prasad said.
On the occasion, NITI Ayog CEO Amitabh Kant said that privacy law is required in the country for use of data by private sector players.
“Unlike America where data is owned by Google and Facebook and unlike China where it is owned by Tencent and Alibaba, data is owned by public entities here in India. It’s owned by Aadhaar, GST and Ayushman Bharat… If you want very innovation (then) lots of these data need to be put out in public domain,” Kant said. (AGENCIES)
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