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In this post, we delve into regulatory issues relating to ‘cultivated meat products’ – which are cruelty-free products that are derived from animal cells, without harming or killing the animal. Introduction Today, agriculture uses nearly half the world’s vegetated land, comprises 90% of our water use and contributes to a quarter of global emissions to feed approximatelyRead more

We’re not going to talk about what NFTs are – there are enough and more by way of explainer pieces discussing the shiny new tokens, and drawing you into the blockchain world. And while most of these are gushing about the new gold mine for you to chase, sizing up investment opportunities, and sounding likeRead more

“Digital players will increasingly have a critical role across India’s banking sector.Effective regulation is a priority for RBI, and it should not constrain innovation in the fintech space.” – Shaktikanta Das, RBI Governor The RBI Governor’s message is on point. This reminds me of an adage by Stewart Brand. That once a new technology rolls over,Read more

Welcome to the latest edition of the tech ticker! This month, we have some insightful pieces around crypto, health-tech and esports for you, along with our usual programming on the Indian tech ecosystem. Let’s dive in! Image source: Stories by Freepik E-commerce and consumer affairs After two years of deliberation, an official and an intermediate draft later, another leaked draftRead more

Round-up of key law and policy developments relating to blockchain and cryptocurrency in 2020. 1. INTRODUCTION In June 2019, the Financial Action Task Force (‘FATF’) updated its standards of anti-money laundering (‘AML’) and combating the financing of terrorism (‘CFT’) measures to regulate virtual asset service providers (‘VASPs’) in its member countries. FATF recommended its members toRead more

The trade of dual-use (civil and military) goods, services and technologies (SCOMET items) are closely scrutinized to ensure that they do not fall into the wrong hands. As a consequence of this, businesses who legitimately deal with such items are also required to pass this scrutiny. We provide an overview of the regulations governing theRead more

The Ministry of Civil Aviation has released the Unmanned Aircraft System Rules, 2021. We provide a summary of the rules and take a look at some of the key highlights.   In June 2020, the Ministry of Civil Aviation released the draft Unmanned Aircraft Systems (UAS) Rules 2020 (UAS Rules or Rules). After seeking comments and holding consultations with stakeholders forRead more

“An increase in digital payments not only favours economic growth but alsois a step towards formalisation of the economy” –Vijay Shekhar Sharma, Founder, Paytm Commenting on the Union Budget 2021-22, this remark by Mr. Sharma sums up the importance of digital payments in economic growth. And rightly so. Digital payments have grown by 55% in the pastRead more

This post explores the National Pharmaceutical Pricing Authority’s powers of price control and monitoring on the Indian medical device industry against the backdrop of India’s drive towards an ‘Atmanirbhar Bharat.’ Introduction: There are many barriers to affordable healthcare in India[1]. Several initiatives and mechanisms have been suggested over the years, to tackle this. One mechanismRead more

In this note, we have discussed three categories of countries on the basis of their approach to regulating cryptocurrency- (a) countries that have legalized cryptocurrency by regulating it; (b) countries that have proposed to regulate it, and (c) countries that have banned cryptocurrency. We have discussed a few examples of countries for each category toRead more