“One of history’s few iron laws is that luxuries tend to become necessities and to spawn new obligations.” - Yuval Noah Harari, Sapiens When Barclays opened the world’s first ATM in 1967, it was marketed as a revolutionary robot-cashier. It was a luxury available to a few. Now it’s a necessity. Especially in India which only has 14.72 bank branches per 1,00,000 adults – making ATMs the only way to access cash for many Indians. Fintech services like buy-now-pay-laterRead more
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A starfish is an organism without a head. So is a DAO. We dive into the regulation of decentralised autonomous organisations, including the recently enacted DAO law in Wyoming. A starfish is an organism without a head. So is a DAO. We’re not saying a DAO is a starfish. Okay, we’ll begin again. A new law[i] came intoRead more
Hi there! In this edition, we unpack the debate over India’s data protection law, RBI’s Account Aggregator framework, Karnataka’s move to ban online gambling, and more. Let’s get to it! Data and privacy We are delighted to share that we worked with NASSCOM on a study to understand the impact of the decision of Europe’s top court, the CJEU,Read more
The Drone Rules, 2021 were released for public consultation by the government on 15th July 2021. The rules came into effect on 25th August 2021 and seek to revamp the regulatory regime for drones. These rules are more permissive and have improved the ease of doing business from the previous two iterations of regulations onRead more
You cannot have your cake and eat it too This proverb always confused me. Why, I thought, if I have the cake can’t I eat it? I imagine it’s a perfectly nice cake – chocolate, pecan, carrot (the possibilities are endless) – what stops me then. Turns out the proverb isn’t as idiotic as IRead more
India’s Vehicle Scrappage Policy envisages the creation of scrapping infrastructure throughout the country – a push towards introducing circularity practices in the automotive industry. How does the policy compare to international circularity practices in the automotive industry and what are the hurdles? What is the National Vehicle Scrappage Policy? On 13th August 2021, Prime MinisterRead more
Hi there! This month’s Tech Ticker brings you the buzz from Parliament, the proposed amendments to the IT Act, NPCI’s e-RUPI and then some. Let’s get ticking! Parliament watch Loktantrik Janata Dal MP, Mr. MV Shreyams Kumar and Communist Party of India MP, Mr. Binoy Viswam moved motions to annul the Information Technology (Intermediary Guidelines and Digital Media Ethics Code)Read more
“What we call chaos is just patterns we haven’t recognised.” Chuck Palahniuk, Survivor A lot happened in the FinTech verse last month. It was chaotic, exciting, and futuristic. In this FinTales edition we explore these three patterns in the chaos: First, RBI and the Government are keen to promote FinTech in financial services. Blockchain may changeRead more
Hi there! A list of dos and don’ts for e-commerce, doubts over the status of the PDP Bill, news about a crypto bill doing rounds (again!)- we’ve got it all covered for you in this edition of the Tech Ticker! Let’s get at it! Parliament watch Earlier this month, the legislative agenda (a tentative list of laws to be takenRead more
“Any sufficiently advanced technology is indistinguishable from magic.” –Clarke’s third law Indian financial sector regulators are trying hard to keep pace with the magic. Welcome to this month’s FinTales. If you missed our previous editions, you could read them here. In this edition, we explore the need to balance security and convenience (in payments). Indian regulators’ approachRead more