♦ Retired Supreme Court justice B. N. Srikrishna was appointed as the Chairman of the ID verification and data sharing platform Equal’s newly formed Advisory Board 'OneMoney'.
♦ Equal provides identity authentication services for large firms, boasting digital integrations with several ID providers.
♦ The appointment comes as the government finalises the Digital Personal Data Protection Rules, 2025, to implement the DPDP Act, 2023.
♦ Justice Srikrishna was the chair of the first committee formed by the Union Ministry of Electronics and Information Technology to formulate a data protection law. That committee’s report, submitted in 2018, was eventually not taken up.
♦ The advisory board for Equal will also counsel the account aggregator OneMoney. Account aggregators are firms that provide Indians with a consolidated view of their financial data, a key digitisation priority for the government.
♦ Justice Srikrishna has also served in various finance-focused roles; he has headed the Sixth Pay Commission, chaired the Financial Sector Legislative Reforms Commission, and also led the Expert Committee on Arbitration Law to propose reforms to the Arbitration & Conciliation Act, 1996.