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Answer:
Explanation:
Discussion on the Information Technology Bill, 1999. (Not concluded) MR. SPEAKER: Now the House will take up Item No.17, Information Technology Bill, 1999. The time recommended by the BAC is four hours.
THE MINISTER OF PARLIAMENTARY AFFAIRS AND MINISTER OF INFORMATION TECHNOLOGY (SHRI PRAMOD MAHAJAN): Sir, I beg to move:
"That the Bill to provide legal recognition for transactions carried out by means of electronic data interchange and other means of electronic communication, commonly referred to as "electronic commerce", which involve the use of alternatives to paper-based methods of communication and storage of information, to facilitate electronic filing of documents with the Government agencies and further to amend the Indian Penal Code, the Indian Evidence Act, 1872, the Banker’s Book Evidence Act, 1891 and the Reserve Bank of India Act, 1934 and for matters connected therewith or incidental thereto, be taken into consideration. "
Sir, the Information Technology Bill, 1999 was introduced with a view to facilitate transactions carried out by means of electronic data interchange. Transactions carried out using the media of electronic communication are known as "electronic commerce" which is now used by organisations, business consumers, both in private and public sector. It is, thus, necessary that this alternative to paper-based method of communication receives a legal sanction. This Bill also provides for legal recognition to the digital signatures and documents filed electronically. The enactment of this Bill would enable finalisation of contracts and creation of rights and obligations through electronic media.