New Delhi, Jan. 24 -- The Ministry of Electronics and Information Technology (MeitY) is reportedly considering reducing the compliance timeline for key obligations under the Digital Personal Data Protection (DPDP) Act for significant data fiduciaries (SDFs) from 18 months to 12 months, reported Business Standard citing sources.

The proposal, discussed in a recent stakeholder consultation, reflects a stricter regulatory stance for companies handling large volumes of personal data in India.

Major tech and social media firms such as Meta, Google, Amazon, Microsoft, along with leading banks, financial services, and insurance companies, are expected to be classified as SDFs.

Key Proposed Accelerations

Under the proposed rules, government p...