Justice B.N. Srikrishna to Chair Advisory Board for Equal + Banking_SBI_Clerk?.ToString()?? Banking_SBI_Clerk?.ToString()+" Current Affairs";

Why in the News?
Former Supreme Court judge Justice B.N. Srikrishna has been appointed as the chair of the Advisory Board for Equal, a platform providing ID verification and data-sharing services. This comes as the government prepares to implement the Digital Personal Data Protection (DPDP) Rules, 2025 under the DPDP Act, 2023.
Key Takeaways:
About Justice B.N. Srikrishna:
Past Contributions:
Chaired the first committee formed by the Union Ministry of Electronics and IT to draft a data protection law in 2018.
Led the Sixth Pay Commission and the Financial Sector Legislative Reforms Commission.
Headed the Expert Committee on Arbitration Law, proposing reforms to the Arbitration & Conciliation Act, 1996.
About Equal:
Functionality:
Provides identity authentication services for large firms.
Digitally integrates with various ID providers to facilitate secure, compliant, and consent-driven data sharing.
Advisory Role:
The board will counsel the account aggregator OneMoney, which consolidates Indians' financial data and aligns with the government’s digitisation goals.
Significance of Appointment:
Justice Srikrishna’s expertise aligns with Equal’s mission to develop frameworks for ethical data usage and innovative yet privacy-compliant practices.
The advisory board includes retired central bankers and bureaucrats who played pivotal roles in advancing India’s digitisation priorities.
Contextual Background:
The DPDP Rules, 2025, are part of the government’s efforts to enhance data protection and ensure privacy in digital ecosystems.
Account aggregators like OneMoney are integral to India’s push for secure and efficient financial data management.