Business Daily from THE HINDU group of publications
Tuesday, Dec 11, 2007
ePaper | Mobile/PDA Version


News
Features
Stocks
Cross Currency
Shipping
Archives
Google

Group Sites

Industry & Economy - Courts/Legal Issues
Info-Tech - Internet
States - Karnataka
Formulate innovative laws for digital economy: Kalam


‘There is need for reviewing laws for protecting India’s wealth and strategic assets in space, cyber and sea.’



Our Bureau

Mangalore, Dec. 10

The legal community must enable formulation of progressive and innovative laws for the digital economy, according to Mr A.P.J. Abdul Kalam, former President.

In an interaction with students of Sri Dharmasthala Manjunatheshwara (SDM) Law College in Mangalore on Monday, he said economic prosperity by 2020 will mean that many of the Indians will be doing business in the digital world on the Web.

In this new era, crime, law and justice will be completely different. The crime may originate from a strange place, even outside own shores, and damage organisational wealth, which will be in the digital form from multiple locations, Mr Kalam pointed out.

Indian judicial system has to build its capacity to define jurisdictions in a way that any crime committed against India or its assets by anyone from anywhere shall be punishable by Indian law. “The legal community must enable formulation of progressive and innovative laws for the digital economy that will be one of the vital components of a developed nation,” he said.

Mr Kalam stressed the need for reviewing certain laws for protecting India’s wealth and strategic assets in space, cyber and sea, and all of them combined together.

On space laws, he said a world body allots the slots for communication satellites in the geo-synchronous orbit for all the users. In the geo-synchronous orbit, there are certain strategic slots from which the country can radiate to most parts of the planet all the time.

Wealth generation

That provides additional wealth generation capability to certain users. Most of these slots have been occupied by the developed world.

Particularly, in times of conflict, blocks of countries waging the war may create economic damage by switching off the transponders radiating to the enemy country. “An in-depth analysis is required to simulate and understand the probable situation and work out adequate legal safeguards to protect our interest,” he said.

Mr Mr Kalam said that India’s marine wealth, transportation to and fro in the national-international waters and territorial regions need an integrated look. It is necessary to protect deep sea oil, gas and mineral reserves apart from connecting sea bed resources.

“A thorough review is required to understand whether our national interests above the sea, on the sea and under the sea are fully protected,” he said.

The country has to implement a robust encryption system for all transactions through a national encryption policy, he added.

More Stories on : Courts/Legal Issues | Internet | Karnataka

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page



Stories in this Section
ICICI Bank to offer tax concessions on NRO deposits


Formulate innovative laws for digital economy: Kalam
Industrial demand for gold seen rising
CBEC given powers to appoint standing counsels
Pay interest to assessees on delayed refunds, HC tells Excise Dept
Italy eyes Indian partners for greater tech innovation
Rs 320-cr DFID grant for health sector in AP
Hyderabad hotels may stay open till midnight
MSTC entering iron ore, cement trade
GoM may consider hike in auto fuel prices
Sonatrach and OIL-IOC combine win gas blocks in Libya
More land to be acquired for Jayamkondam project
‘Energy sector needs $500 b during 11th Plan’
CESC prices QIP offering at Rs 618
Chennai large taxpayer unit rolled out
Dismay over slow adoption of large taxpayer units
IOB to accept tax payments
‘Banks must offer cheaper products for SMEs’
‘Private sector can play a role in water supply’
‘Centre to quadruple coal output by 2011-12’
Great Lakes’ biz school fest from Dec 14
Maytas Infra, Vedanta sign pact
Sand plunder
Siemens inks MoU with RITES for rail wagons
CCMB to host Indo-French meet
e-payment of direct taxes may be made mandatory
Private equity deals cross $15-b mark in Jan-Nov


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright © 2007, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line