The future does not look too bright either, given the current political situation. Number games do not allow for most laws to be passed. Problem is, anyone setting up a Web site can get involved in litigations at any time. Right now, the only law that deals with anything electronic is the Indian Telegraph Act, which is out of time with the e-commerce world. Commercial regulations will have to define the legal status of transacting over the Internet, authetication issues and security problems.
Laws have to be formulated to protect customers from fraudulent sales and to solve disputes.
Who decides and sets standards as to what is decent, and how it infringes on privacy. Giving disclaimers can solve some problems, but you are still liable for whatever you put on your web site, he added. Besides, things like taxes, customs, excise levies, jurisdiction of transactions have to be thrashed out, he added. While the US has currently solved the problem by not levying tax on web transactions at the moment, this issue will have to soon be addressed. As of now, we are totally ill equipped to handle the onslaught.