Legal and regulatory framework for e-commerce

FOR IMMEDIATE RELEASE
Bengaluru, Karnataka, India, Republic of (Free-Press-Release.com) February 1, 2012 -- Information Technology Changes the global economy, making it a wired economy by changing
the priority of protection factors such as labour and capital, and information technology adaptation and
deployment. This calls for an information order for the Government and industry, increasing consumer
awareness by means of better education, calls for continuous lifelong education for better employability,
just building a cooperative community relationship within and outside a nation to share the global

market by means of free flow of talents, capital and goods and services within and across nations.
Taxation of e-commerce transactions is a very controversial issue, as transactions at different
levels may depend on resources situated in various countries. Similarly, any disputes related to
a transaction may span multiple countries.
It also calls for a better legal system and institutional reforms and information education for
knowledge and information – based society, better asset evaluation system, stringent privacy protection
laws and good regulatory legal framework for trade and finance to be conducted across the network.

Thus anytime, anywhere access, trade and do business and get information, calls for strengthening
information infrastructure enabling anyone to access high-speed communication services anywhere, at
any time.
To make e-commerce successful on regional level, we require mutual trust worthy environment.
All the countries are having independent and separate Legal Framework in place. To enable mutual
recognition of various countries Legal Framework, an International Legal Framework is necessary.
Electronic commerce security planning and management calls for identification of the users,

better risk assessment and evaluation, application specific security identification, better and appropriate network security policies, information resources protection, better security management policies,
retransformation and reskilling human resources in terms of identifying roles and responsibilities and
improving physical and environmental security.
The trans-border data flow also cause serious concerns about authorization control, better audit
trails, the country’s legal laws and secure technology restrictions for developing nations, calls for
supporting e-laws, better consumer education, better network management, cooperative regional and
multilateral agreements between nations.

The delivery mechanisms and transportation should be tuned with appropriate modernization of
clearing services of goods and products within and across the nations.

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