By: Ramesh Vaidyanathan and Probal Bose
“There were laws created for businesses and there were laws created for people. What the sharing economy did was create a third category: people as businesses.” This quote by Airbnb co-founder Brian Chesky lucidly explains the “gig economy”, a trend that is gathering momentum in India as big software companies like Wipro and Infosys hire gig workers on a project-to-project basis. The sharing economy has revolutionized the way services are delivered and received around the world.
By: Sharanya Ranga and Probal Bose
The ‘fintech’ space in India has seen a dramatic boom in terms of technological developments over the past few years. Add to that the government’s continuous push to embrace a digital economy post the demonetization measures in November 2016. India’s central bank, The Reserve Bank of India (“RBI”) has also been in the forefront, almost keeping pace with the technological advancements in the fintech space, by considering various fintech developments that are taking place in India as well as globally.
By: Probal Bose
The Ministry of Electronics and Information Technology, Government of India has issued guidelines in the last week of March earlier this year, for government departments on contractual terms related to cloud services (“Guidelines”). These Guidelines are framed to promote the government’s MeghRaj Policy or Cloud Initiative undertaken in order to utilise and harness the benefits of cloud computing and provide strategic direction for adoption of cloud services by the government. The Guidelines provide draft clauses that have to be included in such contracts with cloud service providers (“CSPs”) such as Amazon Web Services, Microsoft’s Azure and Google Cloud.