Blockchain Technology, Smart Contracts and Bitcoins: The Indian Perspective

Posted on

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.

Guidelines for Contractual Terms for Cloud Service Providers

Posted on

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.

Data Brokering: Another Landmine Lurking Around In Digital Space?

Posted on

By: Sharanya Ranga and Probal Bose

With the government’s push towards a Digital India, the data privacy regime in the country or rather the lack of it has come under immense scrutiny. We have been ploughing through one incident after another at a rather alarming pace, with the debit card data breach in October 2016, the Aadhaar data breach a couple of weeks back almost in sync with the Cloudflare data breach. Along with these security breaches, recent data brokering activities that have come to light has left the digital population of the country worried. While the data brokering industry is in its nascent stage in India, it is nevertheless a serious privacy concern.