The Union Cabinet has approved the proposal to introduce the Information Technology Bill in the winter session of Parliament to facilitate e-commerce. This was reported by a leading business daily.
The Bill aims to preventing computer crimes both in the public and private domains. Some of the main features of the Bill include:
Digital signature to be made legally acceptable
Electronic crimes to be defined
Computer outputs to be accepted as evidence
Changes to be made in the Penal Code of 1860, Indian Evidence Act of 1872, Bankers' Book Evidence Act and RBI Act of 1934.
Certification authorities to be appointed for licensing
Provision to disrupt messages transmitted in the electronic or encrypted form in the interest of sovereignty, integrity and security
Digital signatures to be certified for creation for of electronic profiles
These measures are expected to give e-commerce a big fillip in the country. One reason why many e-commerce ventures (like e-broking) are planned only tentatively is due to uncertainty in the nature of laws and their implementation. In developed countries (USA, UK) e-commerce is a booming industry largely due to well-defined laws with very little scope for ambiguity. Now that concrete steps are being undertaken to frame well-defined laws in the country, hopefully, India will also see e-commerce ventures taking off in a big way.
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