What is IT Act 2000?
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A legal framework proposed by the Indian Parliament, the Informational Technology Act of 2000, is the primary legislation in India dealing with cybercrime and electronic commerce. It was formulated to ensure the lawful conduct of digital transactions and the reduction of cyber crimes, on the basis of the United Nations Model Law on Electronic Commerce 1996 (UNCITRAL Model). This legal framework, also known as IT Act 2000, comes with 94 sections, divided into 13 chapters and 2 schedules. The bill of this law was passed in the Budget by a group of Parliament members, headed by the then Minister of Information Technology and signed by the President on 9 May 2000. It finally came into effect on October 17.
Objectives of the Information Technology Act of 2000 that you should know:
*Promote efficient delivery of government services electronically or facilitate digital transactions between firms and regular individuals
*Impose penalties upon cybercrimes like data theft, identity theft, cyberstalking and so on, in order to create a secure cyber landscape
*Formulate rules and regulations that monitor the cyber activity and electronic mediums of communication and commerce
*Promote the expansion and foster innovation and entrepreneurship in the Indian IT/ITES sector