Today's Headlines - 20 July 2023
TCRM Matrix framework to drive innovation
GS Paper - 3 (Economy)
The NITI Aayog released the Techno-Commercial Readiness and Market Maturity Matrix (TCRM Matrix) framework, an assessment tool that will allow stakeholders to jointly assess projects at the technology readiness level (TRL), commercialization readiness level (CRL), and market readiness level (MRL) scales.
More about the Framework
The framework is expected to help the government prioritize funding, setting regulations, mitigate risks and enhance public-private partnership.
Further, it is expected that the TCRM Matrix will help investors evaluate the commercialization and market readiness of their portfolio companies while industry and start-ups can use the tool for internal project planning and decision making on technology transfer or acquisition.
Whereas there are a large number of frameworks that focus on one aspect for assessment, the insights they offer are limited in their scope. Hence, there is a need to encourage simultaneous assessment of technological, commercial, and market readiness, the Aayog said.
The proposed TCRM Matrix framework seeks to fill these gaps through a joint assessment and can be useful in promoting innovation, reducing risk, and achieving economic and social benefits.
The TCRM Matrix framework is set to play a pivotal role in catalyzing India's innovation ecosystem and creating a conducive environment for transformative ideas.
#upsc #news #TCRM #matrix #technocommercial #TRL #CRL #MRL #technology #transfer #simultameous #technological #commerical #socialbenefits #pivotalrole #enviroment #transformativeideas
TCRM Matrix framework to drive innovation
GS Paper - 3 (Economy)
The NITI Aayog released the Techno-Commercial Readiness and Market Maturity Matrix (TCRM Matrix) framework, an assessment tool that will allow stakeholders to jointly assess projects at the technology readiness level (TRL), commercialization readiness level (CRL), and market readiness level (MRL) scales.
More about the Framework
The framework is expected to help the government prioritize funding, setting regulations, mitigate risks and enhance public-private partnership.
Further, it is expected that the TCRM Matrix will help investors evaluate the commercialization and market readiness of their portfolio companies while industry and start-ups can use the tool for internal project planning and decision making on technology transfer or acquisition.
Whereas there are a large number of frameworks that focus on one aspect for assessment, the insights they offer are limited in their scope. Hence, there is a need to encourage simultaneous assessment of technological, commercial, and market readiness, the Aayog said.
The proposed TCRM Matrix framework seeks to fill these gaps through a joint assessment and can be useful in promoting innovation, reducing risk, and achieving economic and social benefits.
The TCRM Matrix framework is set to play a pivotal role in catalyzing India's innovation ecosystem and creating a conducive environment for transformative ideas.
#upsc #news #TCRM #matrix #technocommercial #TRL #CRL #MRL #technology #transfer #simultameous #technological #commerical #socialbenefits #pivotalrole #enviroment #transformativeideas
Today's Headlines - 08 August 2023
Personal Data Protection Bill, 2023 cleared
GS Paper - 2 (Polity)
The Lok Sabha on 7 August 2023 passed the Digital Personal Data Protection Bill, 2023, a first-ever legislation dedicated for digital privacy amid concerns of MPs regarding the removal of the data localisation mandate and increased government control.
More about the Bill
The Bill was passed with an amendment to a minor drafting error. Once the Bill comes into effect, all digital platforms will be required to obtain unconditional, free, specific, and informed consent from users for processing their data.
They will also need to issue a notice explaining the purpose of data processing and the rights of the users.
The government will appoint a data protection board, an independent body that will examine personal data breaches and impose penalties.
The latest version of the Bill does not mandate local storage of personal data, providing a major relief to big tech firms like Google, Meta, and Amazon.
The government may, however, notify a list of countries in future, where data cannot be transferred.
The Bill prescribes penalties of up to Rs 250 crore for each instance of a data breach arising from a lack of reasonable safeguards on platforms.
The government may block the operations of entities not complying with the law even after two instances of penalties. The draft Bill of the final version was released for public consultation in November 2022.
Models for data protection laws
The EU model:
The GDPR focuses on a comprehensive data protection law for the processing of personal data.
It has been criticised for being excessively stringent, and imposing many obligations on organisations processing data, but is the template for most of the legislation drafted around the world.
In the EU, the right to privacy is enshrined as a fundamental right that seeks to protect an individual’s dignity and her right over the data that she generates.
The US model:
Privacy protection is largely defined as a “liberty protection” — focused on the protection of the individual’s personal space from the government, and, therefore, is viewed as being somewhat narrow in focus by virtue of enabling the collection of personal information as long as the individual is informed of such collection and use. The US template has been viewed as inadequate in key respects of regulation.
Unlike the EU’s GDPR, there is no comprehensive set of privacy rights or principles that collectively address the use, collection and disclosure of data in the US. Instead, there is limited sector-specific regulation. The approach towards data protection in the US is different for the public and private sectors.
The China model:
New Chinese laws issued over the last 15 months on data privacy and security includes the Personal Information Protection Law (PIPL), which came into effect in November 2021. It gives Chinese data principal’s new rights as it seeks to prevent the misuse of personal data.
The Data Security Law (DSL), which came into force in September 2021, requires business data to be categorised by different levels of importance and puts new restrictions on cross-border transfers.
These regulations will have a significant impact on how companies collect, store, use and transfer data, but are essentially focused on giving the government overreaching powers to both collect data and regulate private companies that collect and process information.
#upsc #news #headline #personaldata #protection #bill #polity #digital #EU #GDPR #personal #information #data #transfer #crossborder #business #collect #store #power #DSL #PIPL
Personal Data Protection Bill, 2023 cleared
GS Paper - 2 (Polity)
The Lok Sabha on 7 August 2023 passed the Digital Personal Data Protection Bill, 2023, a first-ever legislation dedicated for digital privacy amid concerns of MPs regarding the removal of the data localisation mandate and increased government control.
More about the Bill
The Bill was passed with an amendment to a minor drafting error. Once the Bill comes into effect, all digital platforms will be required to obtain unconditional, free, specific, and informed consent from users for processing their data.
They will also need to issue a notice explaining the purpose of data processing and the rights of the users.
The government will appoint a data protection board, an independent body that will examine personal data breaches and impose penalties.
The latest version of the Bill does not mandate local storage of personal data, providing a major relief to big tech firms like Google, Meta, and Amazon.
The government may, however, notify a list of countries in future, where data cannot be transferred.
The Bill prescribes penalties of up to Rs 250 crore for each instance of a data breach arising from a lack of reasonable safeguards on platforms.
The government may block the operations of entities not complying with the law even after two instances of penalties. The draft Bill of the final version was released for public consultation in November 2022.
Models for data protection laws
The EU model:
The GDPR focuses on a comprehensive data protection law for the processing of personal data.
It has been criticised for being excessively stringent, and imposing many obligations on organisations processing data, but is the template for most of the legislation drafted around the world.
In the EU, the right to privacy is enshrined as a fundamental right that seeks to protect an individual’s dignity and her right over the data that she generates.
The US model:
Privacy protection is largely defined as a “liberty protection” — focused on the protection of the individual’s personal space from the government, and, therefore, is viewed as being somewhat narrow in focus by virtue of enabling the collection of personal information as long as the individual is informed of such collection and use. The US template has been viewed as inadequate in key respects of regulation.
Unlike the EU’s GDPR, there is no comprehensive set of privacy rights or principles that collectively address the use, collection and disclosure of data in the US. Instead, there is limited sector-specific regulation. The approach towards data protection in the US is different for the public and private sectors.
The China model:
New Chinese laws issued over the last 15 months on data privacy and security includes the Personal Information Protection Law (PIPL), which came into effect in November 2021. It gives Chinese data principal’s new rights as it seeks to prevent the misuse of personal data.
The Data Security Law (DSL), which came into force in September 2021, requires business data to be categorised by different levels of importance and puts new restrictions on cross-border transfers.
These regulations will have a significant impact on how companies collect, store, use and transfer data, but are essentially focused on giving the government overreaching powers to both collect data and regulate private companies that collect and process information.
#upsc #news #headline #personaldata #protection #bill #polity #digital #EU #GDPR #personal #information #data #transfer #crossborder #business #collect #store #power #DSL #PIPL