Consider the following statements regarding the Digital Personal Data Protection Act, 2023:
Statement-I: It aims to strike a balance between an individual’s right to data privacy and the need for lawful data processing.
Statement-II: Data Fiduciaries are obligated to ensure personal data is erased once its purpose is fulfilled.
Statement-III: Significant Data Fiduciaries (SDF) must appoint a Data Protection Officer (DPO) to ensure all data transfers outside India comply with restrictions set by the government.
Which one of the following is correct in respect of the above statements?1
Both Statement-II and Statement-III are correct, and both of them explain Statement-I.
2
Both Statement-II and Statement-III are correct, but only one of them explains Statement-I.
3
Only Statement-II and Statement-III are correct, and Statement-I is false.
4
Statement-I, Statement-II, and Statement-III are all correct, but none of them explain each other.