By: Probal Bose
With the internet age in full throttle and leading to the ‘sharing economy’, the life of individuals today is hardly private. Social media, e-commerce websites and the likes have access to all user data which is processed and accumulated through data analytics and liberally used by vendors for promotional and commercial uses.
Before delving into the privacy aspect, let us take a quick look at how data analytics works. “Big data analytics” is the process of examining large data sets containing a variety of data types – i.e., big data – to uncover hidden patterns, unknown correlations, market trends, customer preferences and other useful business information. The analytical findings can lead to effective marketing, newer revenue opportunities, better customer service, improved operational efficiency, competitive advantages and other business benefits. The data in its original form is the raw data, while the one derived post the analysis is the processed data. Evidently, there is a conflict for the ownership of the processed data between the user supplying the raw data and the professional creating the algorithm for data analysis. The question of who owns ‘Big Data’ assumes significance when gauged from the economic value invested in it. We have attempted to clarify the status of processed data while looking into the legal framework governing right to privacy in India and best practices in some jurisdictions in this arena.
By: Mansi Singh
The much awaited Civil Aviation Policy (“the Policy”) obtained cabinet clearance on 15th June 2016. This is the first time since independence that an integrated Civil Aviation Policy has been brought out by the Ministry of Civil Aviation (“MoCA”) of the Government of India.
India’s galloping economy and the burgeoning middle class have helped to make it one of the fastest growing aviation markets in the world. The Policy aims at providing an ecosystem for the harmonized growth of various aviation subsectors, i.e. airlines, airports, cargo, maintenance, repair and overhaul (“MRO”), skill development, etc.
By: Riya Dutta
India continues to grow faster than its large emerging market peers. The World Bank in its report on Global Economic Prospects has projected a growth rate of 7.6-7.7% for India for the fiscal year 2016-2017 to fiscal year 2018-2019.
Foreign Direct Investment (FDI) in India is permitted under the automatic route and the approval route. Under the automatic route, the foreign investor is permitted to invest up to 100% in an Indian company without any prior approvals. Investment under the approval route requires the prior approval of the Foreign Investment Promotion Board (FIPB). Sectoral caps may also apply in such cases.
The Government of India released the Consolidated FDI Policy (“Policy”) last week, incorporating all policy changes effected over the last one year. The Policy has been made simpler, more investor friendly and more precise in order to facilitate the ease of