Metaverse
India must urgently enact law to regulate AI, SC lawyer Pavan Duggal says – Crypto News
New Delhi: India urgently needs to enact a law to regulate the artificial intelligence technology, Pavan Duggal, Supreme Court lawyer and cyber law expert, said on Friday at the Mint Digital Innovation Summit 2024.
Duggal highlighted how other nations are already ahead in AI regulation. “The European Union has its AI Act, China has laws regulating generative AI, and New York has taken steps to prevent AI from perpetuating bias or interfering with elections,” he said. He warned that without similar legislative measures, India risks falling behind in the global digital race.
Gaps in India’s legal framework
He stressed the significant gaps in India’s current legal framework, describing it as outdated and ill-equipped to handle the rapid advancements in AI and cybersecurity.
“India is on a remarkable journey towards a $1 trillion digital economy by 2028,” Duggal said, acknowledging the potential of the nation’s digital growth. However, he cautioned that this ambitious target is contingent on creating robust legal structures to manage the complexities of digital transformation. “The Information Technology Act, 2000, our mother legislation, is now 24-years old. It simply cannot address the nuances of today’s digital and AI advancements,” Duggal explained.
He further highlighted that while the IT Act and its subsequent amendments, such as the IT Rules 2021, have made strides in securing the cyber ecosystem, these measures fall short in the face of emerging technologies and their challenges. “We do not have a dedicated law on AI or cybersecurity. The only recourse we have is the IT Directions 2022, which mandates reporting cybersecurity breaches within six hours. This is not enough,” Duggal remarked.
Duggal also mentioned the Digital Personal Data Protection Act, 2023, which, although passed, is yet to be implemented. He noted that this law could be a game-changer if enforced rigorously. “With fines up to ₹250 crore for non-compliance, this Act could significantly impact how personal data is managed. It’s a catalyst for ensuring diligence, transparency, and responsibility in data handling,” he noted.
The lawyer also discussed what he called the “great Indian vomiting revolution” and the “great Indian recording revolution,” referring to the vast amounts of personal data being shared and recorded without due consideration of privacy and legal implications. “Indians are generating humongous volumes of data, but traditionally, we have not valued data. This mindset must change,” Duggal asserted.
He also warned that India lacks any legislation to protect companies from ransomware attacks.
“India cannot afford to play catch-up; the world is looking to us for thought leadership. We must ensure that everyone contributes to the digital transformation process, emphasizing the need for political will and proactive measures to secure India’s digital future,” he said.
Milestone Alert!
Livemint tops charts as the fastest growing news website in the world 🌏 Click here to know more.
You are on Mint! India’s #1 news destination (Source: Press Gazette). To learn more about our business coverage and market insights Click Here!
Download The Mint News App to get Daily Market Updates.
Published: 24 May 2024, 09:17 PM IST
-
Technology1 week agoMulticloud Agility Comes to Financial Services – Crypto News
-
Blockchain1 week agoEther Eyeing $3.2K As Stablecoin Yields Remain Low: Santiment – Crypto News
-
Technology1 week agoVivo X300, X300 Pro launched in India, price starts at ₹75,999: Display, camera details and all you need to know – Crypto News
-
Blockchain1 week agoWhat’s Going On Behind The Scenes With XRP? Expert Answers – Crypto News
-
others1 week ago
Solana Price Outlook as CoinShares Withdraws SEC Filing for Staked Solana ETF – Crypto News
-
Blockchain1 week agoEther Eyeing $3.2K As Stablecoin Yields Remain Low: Santiment – Crypto News
-
Cryptocurrency1 week agoCrypto market mixed as Bitcoin tests $93K, Ethereum and XRP hit major resistance – Crypto News
-
Cryptocurrency1 week agoZcash, Monero in Tight Ranking Race: Who Wins? – Crypto News
-
others1 week agoWTI Crude Oil gains as Russia-Ukraine talks, OPEC+ meeting eyed – Crypto News
-
others1 week agoGBP/USD edges lower to 1.3220 – Crypto News
-
Metaverse1 week agoIs Big Tech’s superintelligence narrative inflating the AI bubble? – Crypto News
-
Technology1 week ago
Jerome Powell Speech Today: What To Expect as Fed Ends QT – Crypto News
-
Blockchain1 week agoBitcoin Forms Short-Term Bottom, $100,000 Rally in Sight – Crypto News
-
Metaverse1 week agoAI’s positive impact in focus at Mint All About AI Tech4Good Summit 2025 – Crypto News
-
Cryptocurrency1 week agoBitcoin, Ethereum, and XRP Crash Triggering $637M in Liquidations – Crypto News
-
Cryptocurrency1 week ago‘ZEC Is 20x Lower Than XRP’: Solana Builder Breaks Silence After Zcash’s 50% Crash – Crypto News
-
Cryptocurrency1 week agoRemittix vs. Digitap ($TAP): Get in the action for $1 million in Black Friday bonuses – Crypto News
-
Business1 week ago
Michael Saylor Hints Fresh Bitcoin Buy With “Green Dots” Tease – Crypto News
-
others1 week agoCanada GDP smashes expectations at 2.6% – TDS – Crypto News
-
others1 week ago
Ethereum Price Crashes Below $3,000 as $500M Longs Liquidated: What’s Next? – Crypto News
-
Blockchain1 week agoSUI Climbs Into High-Risk Territory As Wave 4 Nears Its Exhaustion Point – Crypto News
-
Business1 week ago
Robert Kiyosaki Recommends Bitcoin and Ethereum as Hedge Against Potential Global Crisis – Crypto News
-
others1 week ago
BNB Chain Taps Arbitrum Veteran Nina Rong to Lead Ecosystem Growth – Crypto News
-
Business1 week ago
Hyperliquid Team Moves $90M HYPE as Network Becomes Top Fee Chain – Crypto News
-
Technology1 week agoIs your iPhone obsolete? Apple adds 5 new devices to the ‘no repair’ list – Crypto News
-
Cryptocurrency1 week ago
Operation Choke Point: House Republicans Spotlight Biden Administration’s ‘Attack on Crypto’ – Crypto News
-
Business1 week ago
Arthur Hayes Predicts Bitcoin Rally To $500K By Next Year Over Fed Easing – Crypto News
-
Cryptocurrency1 week ago
Peter Schiff Predicts Bitcoin Decline Will Extend Into December as BTC Closes Out Red November – Crypto News
-
Technology1 week ago
Ethereum Price Prediction 2025: How High Can ETH Go by Year-End? – Crypto News
-
others1 week agoCanada’s Q3 bounce masks weak domestic demand – NBC – Crypto News
-
others1 week ago
Is Kalshi Manipulating Prediction Markets? Platform Hit With Lawsuit Over Violations – Crypto News
-
others1 week agoGBP/JPY steadies as firm Tokyo inflation revives BoJ rate-hike speculation – Crypto News
-
Technology1 week agoChatGPT and Gemini can be tricked into giving harmful answers through poetry, new study finds – Crypto News
-
others1 week ago
Grayscale Cleared to Launch First Spot Chainlink ETF This Week Amid Rising Demand – Crypto News
-
Cryptocurrency1 week agoAstrology for traders – Blockworks – Crypto News
-
Technology1 week ago
Sony Bank Joins Ripple, Circle to Launch USD-Pegged Stablecoin in the U.S. by 2026 – Crypto News
-
Business1 week ago
Schiff Predicts ‘Beginning of the End’ for MSTR as Strategy Eases Bitcoin Sell-Off Fears With $1.44B Reserve – Crypto News
-
others1 week agoWTI declines below $59.50 as bearish outlook prevails – Crypto News
-
others7 days ago
Why Is Crypto Market Recovering? – Crypto News
-
Technology7 days ago
Breaking: First U.S. Chainlink ETF Goes Live as Grayscale Launches ‘GLNK’ – Crypto News
-
Cryptocurrency5 days ago
Crypto Platform Polymarket Relaunches in U.S. Following CFTC Approval – Crypto News
-
Cryptocurrency2 days agoIlluminating progress: Is a $140K income ‘poor’? – Crypto News
-
Technology1 week ago
Top 5 Factors for Bitcoin Price to Hit $100,000 Soon – Crypto News
-
Technology1 week agoBrowsing Black Friday deals? Disney+, Hulu, Max, Apple TV+ and more slash prices for new viewers – Crypto News
-
others1 week agoGold on track for a fourth monthly gain amid growing Fed rate cut expectations – Crypto News
-
Blockchain1 week agoSolana Braces For A Dual-Test Setup – Here’s What Could Happen Next – Crypto News
-
Metaverse1 week agoIs Big Tech’s superintelligence narrative inflating the AI bubble? – Crypto News
-
Metaverse1 week agoAI’s positive impact in focus at Mint All About AI Tech4Good Summit 2025 – Crypto News
-
Blockchain1 week agoComposite of ETH Valuation Models Places ETH Fair Value at $4,839: Analyst – Crypto News
-
others1 week agoSilver rises to record high above $57.50, overbought RSI may limit gains – Crypto News
