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Monday, September 22, 2014

FDI IN INDIA HURDLES GOING DOWN

FDI is becoming the hot cake in Indian Political arena, people who are on the right side and some are on the left side in support and protest. Certainly it is a great growth tonic for any economy, and India requires the stimulant for its current economic growth. According to Nomura report net FDI inflows to India could cross USD 30 billion marks this fiscal year. Indian Government is aggressive to increase the FDI inflows in India. Way back government had opened the retail sector to FDI with economic relax process set in place by the Industrial...

Sunday, September 14, 2014

Digital Signature Laws in India

Digital signature is electronically generated and can be used to make sure the veracity and legitimacy of data. The dawn of information technology revolutionized the whole world, India is not an exception to it; as technological activism is the social behavior in India. IT Act Provisions Related to Digital Signature Section 3 of IT Act, made the provision for it as: Authentication of electronic records.- (1) Subject to the provisions of this section, any subscriber may authenticate an electronic record by affixing his digital signature. In...

Sunday, September 7, 2014

How is an Electronic Contract is Enforced?

Advancement of technology, globalization, speed, convenience and efficiency are the prime attribute to promoting the electronic contract. All the general rules such as offer acceptance and other qualification of contract are mentioned in the Indian Contract Act 1872 are applicable, adding to that certain provisions of IT Act 2000 authenticate its importance. Browse Wrap Agreement or Browse Wrap License Browse Wrap term is used to denote access to the use of materials which are available on websites for use and download, which is hyper-linked,...