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The IUP Journal of Law Review
Focus

This issue contains five papers. The first paper, “Patenting of Life Forms: Reflections on Some Legal and Ethical Issues”, by M Hussain, attempts to analyze the questions as to whether there are certain inherent values in life and whether patenting life forms violates such inherent values. The author suggests four categories of patents on life forms and processes that should be banned, viz., patents based on bio-resources and knowledge of their use pirated from countries and indigenous communities, which do not satisfy the novelty or invention criteria; patents on discoveries, for example, microorganisms, cell lines, genomes, genes, which are all naturally occurring; patents on transgenic techniques and constructs, and transgenic plants, animals and microorganisms; and patents on nuclear transplant cloning. This paper presents the ethical and religious arguments, environmental implications, economic considerations and legal issues of life patenting.

The second paper, “Gender Equality in Islam: An Overview”, by Shahnaz, attempts to focus on the general context of Islam, its teachings, its world view especially on the gender question and presents a brief review of the position and role of women in society from an Islamic perspective. The author brings to light the classical interpretations of Islamic law and many eloquent verses of the Quran that depict the sexes as equal before God. This paper is an attempt to analyze the normative teachings of Islam on the social, economic and spiritual aspects of women, and in the process, it offers a more nuanced interpretation of Islamic legal system, especially on the gender question.

In the third paper, “Confidentiality in International Commercial Arbitration: Presumption and Reality”, the authors, Ajit Kaushal and Sumeet Gupta, focus on the current degree of confidentiality in international commercial arbitration as reflected by important arbitration rules, other arbitration-related enactments and practices of arbitral courts globally. The authors set forth the criteria to greater transparency in public international arbitration in order to increase the legitimacy of arbitration proceedings. The authors examine the scope of confidentiality in the practice of arbitral tribunals and domestic courts, and highlight the various facets and problems posed by confidentiality in arbitration. This paper attempts to strike a balance between the virtue and vice of confidentiality in the area of arbitration.

The fourth paper, “Application of International Law in India: An Appraisal”, by Lakshmi Chebolu, examines the role of Indian judiciary in the implementation of international law in India in the context of relevant constitutional provisions. The author seeks to highlight the proactive role of the Indian judiciary in implementing India’s international obligations under international treaties. In this respect, the author attempts to suggest that the Indian judiciary, though not empowered to make legislations, is free to interpret India’s obligations under international law into the municipal laws of the country in pronouncing its decision in a case concerning issues of international law.

In last paper, “The Legal Implications of the Instrument of Accession: A Critical Case Study with Reference to the State of Jammu and Kashmir”, the author, Irfan Rasool, discusses the relevant circumstances as to the question whether the State of Jammu and Kashmir ever became a sovereign state or otherwise. The author critically analyzes the various provisions provided in the Instrument of Accession which would substantiate the stand as to whether the Instrument of Accession executed by the Maharaja of Jammu and Kashmir is a treaty concluded between two independent states creating rights and obligations in respect of certain matters specified in the schedule to the Instrument of Accession. He seeks to suggest that in view of the Instrument of Accession, the relationship between India and Jammu and Kashmir needs to be governed under the provisions and principles of international law that is applicable to treaties.

-- V Hemalatha Devi
Consulting Editor

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Automated Teller Machines (ATMs): The Changing Face of Banking in India

Bank Management
Information and communication technology has changed the way in which banks provide services to its customers. These days the customers are able to perform their routine banking transactions without even entering the bank premises. ATM is one such development in recent years, which provides remote banking services all over the world, including India. This paper analyzes the development of this self-service banking in India based on the secondary data.

The Information and Communication Technology (ICT) is playing a very important role in the progress and advancement in almost all walks of life. The deregulated environment has provided an opportunity to restructure the means and methods of delivery of services in many areas, including the banking sector. The ICT has been a focused issue in the past two decades in Indian banking. In fact, ICTs are enabling the banks to change the way in which they are functioning. Improved customer service has become very important for the very survival and growth of banking sector in the reforms era. The technological advancements, deregulations, and intense competition due to the entry of private sector and foreign banks have altered the face of banking from one of mere intermediation to one of provider of quick, efficient and customer-friendly services. With the introduction and adoption of ICT in the banking sector, the customers are fast moving away from the traditional branch banking system to the convenient and comfort of virtual banking. The most important virtual banking services are phone banking, mobile banking, Internet banking and ATM banking. These electronic channels have enhanced the delivery of banking services accurately and efficiently to the customers. The ATMs are an important part of a bank’s alternative channel to reach the customers, to showcase products and services and to create brand awareness. This is reflected in the increase in the number of ATMs all over the world. ATM is one of the most widely used remote banking services all over the world, including India. This paper analyzes the growth of ATMs of different bank groups in India.
International Scenario

If ATMs are largely available over geographically dispersed areas, the benefit from using an ATM will increase as customers will be able to access their bank accounts from any geographic location. This would imply that the value of an ATM network increases with the number of available ATM locations, and the value of a bank network to a customer will be determined in part by the final network size of the banking system. The statistical information on the growth of branches and ATM network in select countries.

Indian Scenario

The financial services industry in India has witnessed a phenomenal growth, diversification and specialization since the initiation of financial sector reforms in 1991. Greater customer orientation is the only way to retain customer loyalty and withstand competition in the liberalized world. In a market-driven strategy of development, customer preference is of paramount importance in any economy. Gone are the days when customers used to come to the doorsteps of banks. Now the banks are required to chase the customers; only those banks which are customercentric and extremely focused on the needs of their clients can succeed in their business today.

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