Overview of Data Center and its Localisation
Introduction With 1.4 billion people, India is the second-largest country by population and the fifth-largest economy globally, with nominal GDP equivalent to $2.6 Trillion. The majority of India’s economy comprises service-oriented industries with particular expertise in the IT services. Indeed, with a growing population and focus on IT services, India’s need for Data center infrastructure is becoming […]
Vehicle Scrapping Policy Announced
Introduction Prime Minister Narendra Modi, on 13 August 2021, launched the New Automobile Scrappage Policy (Voluntary Vehicle Fleet Modernisation Programme). The Policy will be in effect from 1 April 2022, aimed at phasing out cars and commercial vehicles which are older than 20 or 15 years, respectively. The Policy incentivizes people to get rid of their old […]
Factoring Regulation (Amendment) Bill, 2021 – Key Highlights
The Parliament, on 26th July 2021, passed the Factoring Regulation (Amendment) Bill, 2021 to better accommodate and help the MSME sector by reducing the operational difficulties faced by them in receiving funds, ensuring liquidity, and maintaining a smooth working capital cycle and cash flow. The Bill amended the existing Factoring Regulation Act, 2011 (2011 Act) and improved […]
Lalit Kumar Jain v. Union of India: Personal Guarantors under the IBC
Introduction On 21st May 2021, a two-Judge Bench of the Supreme Court (“SC“) decided the applicability of the Notification dated 15th November 2019 by the Ministry of Corporate Affairs, Central Government which stipulates that the personal guarantor shall be liable for the debts of the company. The SC held that the Notification in question is […]
Regulation of Artificial Intelligence in Europe
Introduction European Union’s (“EU“) pioneering regulatory approach especially in the digital space has often been a role model for other countries. General Data Protection Regulation (GDPR) is an example of this. Similarly, the EU draft Regulation for the purpose of governing the development and use of artificial intelligence (“AI“) released on 21 April 2021 is […]
Time to Enable Traceability of Crypto-Investments: Technology Services Industry Association
Introduction Cryptocurrency is the most recent attempt to reinvent how we exchange money. Cryptocurrencies such as Bitcoin, Tether, and Ethereum have all seen the rage. Many technologists are intrigued by the potential of its innovative blockchain technology. For numerous entrepreneurs, especially early adopters, cryptocurrencies represent a once-in generation wealth opportunity. However, it also suffers from […]