If any one wants privacy policy visit http://www.serprank.com/privacy-policy-generator/index.php and there you can create a good privacy policy and copy that and copy it in your site. If you are using blogger create a post and give an earlier date so that it should not come on homepage as latest post. give label as privacy and give link to that label and place the link in the footer. over..... for reference visit http://corporatetoday.blogspot.com in the footer u will find privacy policy...
I already updated my Privacy and I assume a lot of publishers also are. This is because the last date if I remember it right is April 9. Thanks anyway.