TLF is proud to bring you a two-part guest post authored by Ms. Malavika Raghavan, Head, Future of Finance Initiative and Ms. Anubhutie Singh, Policy Analyst, Future of Finance Initiative at Dvara Research.
This is the second part of a 2-part post authored by Anubhuti Garg, 4th year, and Gourav Kathuria, 2nd year, of NALSAR University of Law. Part I can be found here.
The previous post analysed the laws applicable to e-pharmacies in India. The present post looks at the draft e-pharmacy rules and its implications and suggests ways to ensure the smooth application of the law in India.
This is the first part of a 2-part post authored by Anubhuti Garg, 4th year, and Gourav Kathuria, 2nd year, of NALSAR University of Law. Part II can be found here.
The growth of the Internet and rise of companies like Amazon and Flipkart has meant that e-commerce is rapidly gaining traction in India. A notable emergence in this regard has been that of e-pharmacies, which provide heft discounts and hassle-free deliveries to attract consumers. Their arrival on the scene has been acknowledged by the government which has tried to bring in a draft policy in order to regulate these entities, however it is yet to be implemented. The existing laws are inadequate when it comes to dealing with e-pharmacies and there is an urgent need for new legislation governing the issue which is precisely what the Sale of Drugs by E-Pharmacy (Draft Rules) aim to do.
Welcome to our fortnightly newsletter, where our Editors put together handpicked stories from the world of tech law! You can find other issues here.
RBI Releases Discussion Paper on Guidelines for Payment Gateways and Payment Aggregators
The RBI on 17th September released a discussion paper on comprehensive guidelines for the activities of payment aggregators and payment gateway providers. It was acknowledged that payment aggregators and payment gateways form a crucial link in the flow of transactions and therefore need to be regulated. The RBI has suggested that these entities be governed by the Payment and Settlement Systems Act, 2007 which requires all ‘payment systems’ (as defined in the Act) to be authorised by the RBI. Additionally, different frameworks have been proposed for regulating payment aggregators and payment gateways, and full and direct regulation has been discussed in detail. This would entail payment aggregators and gateway services to fully comply with any guidelines issued by the RBI.
This post has been authored by Vishal Rakhecha, currently in his 4th year at NALSAR University of Law, Hyderabad, and serves as an introduction for TLF’s upcoming blog series on Account Aggregators.
A few days back, Nandan Nilekani unveiled an ‘industry-body’ for Account Aggregators (AAs), by the name of ‘Sahamati.’ He claimed that AAs would revolutionise the field of fintech, and would give users more control over their financial data, while also making the transfer of financial information (FI) a seamless process. But what exactly are AAs, and how do they make transfer of FI seamless?
Welcome to our fortnightly newsletter, where our editors put together handpicked stories from the world of tech law! You can find other issues here.
Uber likely to start bus service in India
The San-Francisco cab-aggregator giant, Uber is working on to kick-start an AC bus service in India. With the introduction of AC bus service, Uber is trying to inch closer toward its goals of reducing individual car ownership, expanding transportation access and helping governments plan transportation. Pradeep Parameswaran, Uber India and South Asia head said that “we are in the process of building the product and refining that. Some pilots are live in parts of Latin America and the Middle East. So they are the archetype of markets that would look like India”.
The following post has been authored by Vishakha Singh Deshwal, an LLM candidate at the West Bengal National University of Juridical Studies (WBNUJS), Kolkata. Here she analyses an emerging issue at the intersection of technology and competition law.
Every enterprise wants its Uniform Resource Locator (URL) to appear among the top links on search engines because these links get the most clicks. Research reveals that the 10 highest-ranking generic search results on the first page together generally received approximately 95% of all clicks on generic search results. While some enterprises pay huge advertisement costs to ensure that their links appear at the top (paid links), others resort to Search Engine Optimization (“SEO”) to acquire top spots among unpaid links. SEO may include regularly uploading quality content to the website, creating a user-friendly browsing experience, ensuring that the website is compatible with computers and hand-held devices, engaging in social media marketing, etc.
(Image Source: https://flic.kr/p/pVxM7q)
Back in the year 2001, when the same government was in power, it tried to pass a bill called the Communication Convergence Bill, 2001. The Bill failed, due to reasons mentioned later in the post, but apparently it isn’t quite ready to die yet. The Bill has now been revived as the Communication Convergence Bill, 2014, with news reports indicating that the Telecom Minister is quite definitely going to push for it.
(Image Source: https://flic.kr/p/kvjYDJ)
3D printing is currently one of the biggest buzzwords in technologically inclined circles. And yet, it is not in and of itself a new technology, and has been in existence since 1984. The current increase in its popularity is because it is only now becoming accessible to the common consumer. But that is exactly why 3D printing is so important. Consumer-level 3D printing does away with the obstacles or resources associated with the currently prevalent process of creating things. It allows anyone with an idea and a 3D printer to ‘print’ their exact ideas, test them out, create prototypes, or just use them directly. All you need to do is design the blueprint of your idea on your computer, and print it. It is, in a way, bringing about the “democratisation of production”. And in case designing the item is too much work for a consumer, he or she can just download a blueprint for their 3D printer from the internet.