Daily Current Affairs 03 January 2025 – IAS Current Affairs
Current Affairs 03 December 2024 focuses on the Prelims-Mains perspective. Major events are :
ASUSE 2023-24 Report
Source: PIB
GS II: Government policies and interventions for development in various sectors and issues arising out of their design and implementation
Overview
- News in Brief
- Key Facts in the report
Why in the News?
Annual Survey of Unincorporated Sector Enterprises (ASUSE) 2023-24 report released.
News in Brief
- Ministry of Statistics and Programme Implementation (MoSPI) has released the results.
- It covering the reference period October 2023 to September 2024.
- Survey sheds light on the economic and operational dynamics of the unincorporated non-agricultural sector, highlighting its critical contribution to employment, Gross Domestic Product (GDP), and the overall socio-economic landscape of India.
Key Facts in the report
Sectoral Growth
- The unincorporated sector has shown robust growth, with the number of establishments rising from 6.50 crore in 2022-23 to 7.34 crore in 2023-24, a remarkable 12.84% increase.
- The number of establishments in the “Other Services” sector recorded a growth of 23.55% followed by a 13% increase witnessed by the manufacturing sector.
- During the same period, the Gross Value Added (GVA) which is a key indicator of economic performance rose by 16.52% driven by a 26.17% growth in ‘other services’ sector.
Labour Market Expansion
- Growth: Employment in the sector grew significantly, with over 12 crore workers employed in 2023-24, an increase of more than one crore from the previous year.
- The Other Services sector led the way with a 17.86% growth in employment, followed by a 10.03% rise in the manufacturing sector.
- Women: The sector also marked a milestone in gender inclusivity, with female-owned proprietary establishments increasing from 22.9% in 2022-23 to 26.2% in 2023-24.
- Average emoluments per hired worker increased by 13%, reflecting improved wage levels and strengthening economic demand.
- The manufacturing sector reported the highest wage growth, exceeding 16%.
Labour productivity
- Gross Value Added (GVA) per worker which is a measure of labour productivity of the sector shows 5.62% increase.
- During the same period, the Gross Value of Output (GVO) per establishment also increased from Rs. 4,63,389 to Rs. 4,91,862 in current price.
Digital Adoption
- Internet usage among establishments increased from 21.1% in 2022-23 to 26.7% in 2023-24.
- This trend highlights the growing reliance on digital tools for business operations.
Draft Digital Personal Data Protection Rules 2025
Source: PIB
GS II: Government policies and interventions for development in various sectors and issues arising out of their design and implementation
Overview
- News in Brief
- Key Features of the Draft Rules
- Implications
Why in the News?
MeitY releases Draft Digital Personal Data Protection Rules, 2025 for public consultation.
News in Brief
- Ministry of Electronics and Information Technology has drafted the Digital Personal Data Protection Rules, 2025.
- It aims to facilitate the implementation of the Digital Personal Data Protection Act, 2023 (DPDP Act).
- It aims to strengthen the legal framework for the protection of digital personal data by providing necessary details and an actionable framework.
- Stakeholders are invited to share feedback/comments on the draft Rules.
Key Features of the Draft Rules
- Applicability:
- The rules apply to the processing of personal data within India, including data of individuals residing abroad if processed by Indian entities.
- Both public and private sector entities are covered under its ambit.
- Personal Data Classification:
- Personal data has been broadly classified into general data and sensitive personal data (e.g., financial, health, biometric, and genetic data).
- Consent-Based Framework:
- Data processing is mandated to occur only after obtaining explicit and informed consent from the individual (data principal).
- Individuals have the right to withdraw consent at any time.
- Data Fiduciary Responsibilities:
- Entities processing data (data fiduciaries) must ensure the collection is fair, transparent, and limited to stated purposes.
- Fiduciaries are required to implement security safeguards and appoint Data Protection Officers (DPOs).
- Rights of Individuals:
- Right to access and correct personal data.
- Right to data portability.
- Right to be forgotten, enabling individuals to request deletion of their personal data.
- Grievance Redressal Mechanism:
- Establishment of grievance officers to address complaints related to data breaches or misuse.
- Appeals can be made to the proposed Data Protection Board of India (DPBI).
- Cross-Border Data Transfers:
- Restrictions on transferring sensitive personal data outside India, with provisions for exceptions based on government approvals.
- Penalties for Non-Compliance:
- Hefty fines for breaches, non-compliance, or violations of the provisions, ranging up to ₹100 crores.
Implications
- Strengthened Data Security:
- The rules are expected to enhance personal data protection, thereby increasing trust among citizens and businesses.
- Accountability for Corporates:
- Businesses will need to align their practices with stringent compliance measures, leading to increased transparency.
- Encouragement for Digital Innovation:
- A secure data environment will boost confidence in digital services and contribute to the growth of India’s digital economy.
- Challenges for Implementation:
- Small and medium enterprises (SMEs) may face difficulties in adopting compliance mechanisms due to resource constraints.
- Striking a balance between data privacy and economic growth remains a challenge.
Conclusion
- The Draft Digital Personal Data Protection Rules, 2025, signify a significant step toward building a comprehensive data protection regime in India.
- By addressing key concerns such as consent, accountability, and cross-border data transfers, these rules aim to create a secure digital environment while fostering economic growth.
Daily Current Affairs: Click Here