IT Rules 2021: Much ado about nothing? A critical review and the problems on field in the implementation of the IT (Intermediary Guidelines and Digital Media Ethics Code) Rules 2021

by Sudhanva Kumar Evolution of the Act The birth of the IT Act (‘Act’) happened to be after the United Nations resolution on 30th January, 1997 to recognise and adopt the practices of electronic commerce. This Act  aided in validating and legalizing the e-commerce transactions in India as expressed in the Preamble of this legislature. … More IT Rules 2021: Much ado about nothing? A critical review and the problems on field in the implementation of the IT (Intermediary Guidelines and Digital Media Ethics Code) Rules 2021

Review of the Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules, 2021

by Sanad Arora Introduction The enactment of the Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules, 2021 replaces the old rules[1] and brings in major reforms to the treatment of ‘intermediary liability’ under the Information Technology Act, 2000 (IT Act). The disapproval shown by the actors who are affected by the new rules … More Review of the Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules, 2021

The Drone Regulations 2021: One Step Forward and Two Steps Back

by Nimrat Kaur Dhillon Introduction An unmanned aerial vehicle (UAV) is an aircraft that is operated without a human onboard and is colloquially known as a ‘drone’. It is also known as a Remotely Piloted Vehicle (RPV). This is in contradistinction to traditional aircrafts that are controlled remotely by human operators, or may even be guided … More The Drone Regulations 2021: One Step Forward and Two Steps Back

The Microeconomics of Cryptocurrencies: Can a cryptocurrency become a global currency?

by Jitasha Bahl INTRODUCTION Bitcoin is a cryptocurrency that operates on blockchain technology. In a white paper published in 2008, Satoshi Nakamoto, a pseudonym for a computer programmer or group of programmers, introduced Bitcoin as an open source, peer-to-peer digital currency (Nakamoto 2008, 2). Bitcoins have no intrinsic worth and are not backed by a … More The Microeconomics of Cryptocurrencies: Can a cryptocurrency become a global currency?

CRYPTOCURRENCY IN INDIA: THE PROHIBITION-REGULATION DILEMMA

by Aman Gugnani and Drishti Arora Introduction The Cryptocurrency Bill[1], the much-awaited legislative action to regulate the domain of cryptocurrency, was ultimately listed for discussion in the recent Winter Session of the Parliament. This particular bill is different from its predecessor, Banning of Cryptocurrency & Regulation of Official Digital Currency Bill, 2019 , as it … More CRYPTOCURRENCY IN INDIA: THE PROHIBITION-REGULATION DILEMMA

Case Review: Hitesh Bhatia v. Kumar Vivekanand – A Step in The Right Direction to Navigate Crypto Fraud Cases 

by Aileen Aditi Sundardas Introduction Blockchain and cryptocurrency play an integral role in the technology market, and with the onset of the COVID -19 pandemic, there has been a massive boom in cryptocurrency trading in India. It is clear that there is an increasing appeal and interest in the crypto-assets market, however, due to the … More Case Review: Hitesh Bhatia v. Kumar Vivekanand – A Step in The Right Direction to Navigate Crypto Fraud Cases 

Tokyo Olympics 2020: A Technological Show

by Himeesha Dhiliwal The COVID-19 pandemic has completed a year and a half since its outbreak and has claimed more victims than we could have ever imagined. The pandemic brought the world to a standstill, something unprecedented and even the most famous international sporting event, i.e. the Olympic Games  were not spared from the effects … More Tokyo Olympics 2020: A Technological Show

Advanced Insurance and Declining Privacy

By Sanad Arora Abstract Technological Disruption in the financial sector is nothing else but a fancy exaggeration of the word “financial technology” (‘Fintech’), but what matters right now, is not the technical jargon that is associated with Fintech, but the revolutionising impact it is having on the realm of finance. Fintech has got its paws … More Advanced Insurance and Declining Privacy

Analysis of Instagram’s Business Model: Economic Reflections

By Varda Saxena Instagram and Facebook are tech giants who’ve created an extraordinary demand and supply of products. The services offered by them are not paid. However, such giants have revolutionised the modern-day economy. The way most markets are organised, like a market for agricultural products, these social media platforms are used by large, medium … More Analysis of Instagram’s Business Model: Economic Reflections