A New Digital Coin
We need to understand how Central Bank Digital Currencies (CBDCs) fit into the modern 2-tiered banking system. While CBDCs offer potential benefits, such as banking the unbanked, do we even need a CBDC in the Indian context.
We need to understand how Central Bank Digital Currencies (CBDCs) fit into the modern 2-tiered banking system. While CBDCs offer potential benefits, such as banking the unbanked, do we even need a CBDC in the Indian context.
We need technological disruption in India’s legal system. I believe this would reqire us to maximise the potential of online dispute resolution (ODR). The upcoming GST Appellate Tribunal could be a unique opportunity to leverage ODR, transforming the legal profession through efficiency and accessibility.
The US Supreme Court’s decision in Dobbs v. Jackson Medical overturned Roe v. Wade, ending the guaranteed right to abortion since 1973. The ruling challenges decades of jurisprudence, threatens civil liberties, and impacts personal privacy. It also raises questions about the doctrine of stare decisis and the frailty of judge-made law.
We believe that internet platforms are too dominant to fail. But this is not true when you think of the evolution of internet search and curation - suggesting that technology evolves in cycles. We may be on the cusp of a major cyclical transformation - in which case we may challenge the notion that Big Tech is too big to fail.
The draft amendments to the Information Technology Rules, 2021, will require intermediaries to align community standards with Indian law and create a Grievance Appellate Committee for “problematic content.” Critics view this as a tool of government censorship, while others see a need for balance between government control and private enterprise.
In 2014, India’s ministry of law and justice issued a policy on pre-legislative consultation, partially drawing on OECD recommendations. While most legislative proposals in India set aside time for public comments, the consultation often appears to be a formality. We need to redesign the process so that stakeholders can approach the process constructively - recognizing that policy-making is a compromise, and that both government and stakeholders must be open to differing viewpoints.
We need to have checks and balances in law enforcement, even though technological advancements will allow us to take shortcuts. Else we will not be able to prevent state overreach that affects the fundamental rights of citizens.
As a reaction to the industrialization of agriculture, particularly the disproportionate land use for livestock, there is growing interest in plant-based meat alternatives. However, even these innovations may have unforeseen consequences, such as deforestation due to increased soy demand. Scientific advancements often solve problems while simultaneously creating new ones, challenging ethical norms and leading to continuous cycles of innovation and adaptation.
In India, the absence of comprehensive privacy law has led to over-reliance on CERT-In Rules, 2013, for data breach guidance. Recent directions by the Ministry of Electronics and Information Technology has expanded mandatory reporting requirements, raising concerns about inundating CERT-In with trivial incidents and, as a result, hindering its ability to respond to serious breaches.
There is a crisis of context in modern information consumption. While data is abundant, understanding its significance requires context. And context is scarce. This leads to misunderstandings and potnetial manipulation of content across a number of fields, including legal education and public communication.