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. As indicated by the Preamble of this legislation, it is intended for aiding in validating and legalizing e-commerce transactions in India. While this being the primary purpose, the legislature, through this law, had also found it appreciable to regulate the ..read more

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 has made it a subject of media hype and public discourse. These rules have also been challenged before three separate High Courts in our country[2]. Considering the furore around these rules, this article attempts to decipher them and pro ..read more

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 by computer programs. In the recent past, drones have come to be used for multiple purposes. The global shutdown caused by the COVID-19 pandemic has further increased the demand for contactless delivery, transportation, aerial disinfection ..read more

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 government, rather, their value is determined solely by supply and demand.  It is a one-of-a-kind asset that combines the characteristics of a traditional financial asset with those of a speculative asset. Since the cryptocurrency has g ..read more

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 omits the words “banning of” in the title. This is a key indicator that reaffirms the stand taken by the Government that the new bill allows, “certain exceptions to promote the underlying technology of cryptocurrenc ..read more

by Sanad Arora Abstract The computational ability of Artificial Intelligence (“A.I.”) is growing at a very rapid pace right now, making it more and more capable to take up complex tasks. Coupled with deep learning Artificial Intelligence Systems, it has transformed into a software where the A.I. can learn such tasks by themselves by using the algorithms they make, but these algorithms are not comprehensible by humans and they cannot scrutinise them. Since these algorithms can neither be understood nor scrutinised, humans cannot know whether the algorithms so employed are providing the most eff ..read more

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 lack of regulatory frameworks to govern the same, it could have detrimental effects on the market. The lack of regulatory frameworks stems from the fact that crypto assets are extremely complex in nature thereby making them very difficult to classify. Although t ..read more

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 of this pandemic. Since the inception of the Olympics in the modern era, the games have only been cancelled only 3 times in the past on account of the world wars. However, this time they have been postponed for the first time because of the pandemic. Ins ..read more

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 everywhere, from asset management, personal loans, money transfers to fundraising. One sector which has particularly been at the centre of Fintech innovation is the “Internet of Things” (IOT). In light of the impact “Internet of things” has had over the i ..read more

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 and small-sized enterprises to understand, target and influence the buyers who in turn get commercialised in the process. This paper analyses the business model of platforms like Instagram via economic theories and the implications of their r ..read more