8. World Bank findings
1. Sub Sahara in Africa 36 out of 46 Government
improved their economicies regulatory environment
2. 125 economicies implemented 245 reforms-
greater share where aimed at strengthing insolvency
and investor protection
3. Improvement in insolvency system influences cost
of debt excess to credit resulting in ability of
economy from recession and speed up of its
recovery.
4. New data show that the importance of access to
regulatory information.
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9. Electronic relationship makes it easy to
misrepresent information provider-
authencity is questionable.
Rumuor- may have serious impact on
regulatory and Government functioning .
Speed of misinformation or doctored
information- the information dissemination
is at the speed of sound and reaches
simultaneously at global level.
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10. Network is depending upon how a countries
are digitally connected.
How much citizens are net savvy .
Bandwidth of network .
Generation gap and digital divide.
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11. The countries are today sensitive to social network.
We have experienced that many Government are
advising the nurture network players to remove
blogs / information which are socially and
politically sensitive to a particular economy.
On the contrary this is an emerging platform to get
views of the citizens.
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12. Legal Framework
Monitoring networks and surveillance
Dissemination of useful information
Investors education
Consultative Process
Ready for Paradigm shift- Change in Mindset
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13. Press Report -Delhi High Court , January 16,
2012
No one in India wants the situation to be as
China where some sites are blocked for not
complying. But today facebook and google
were dragged to the doors of the court in
India because of OFFENSIVE MATERIALS
posted on these websites.
Justice Suresh Cait told "we can block all
those sites who do not comply with us,but do
not let us go to that situation" , to facebook
and google lawyers. 13