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The IUP Journal of Law Review
Focus

This issue contains four papers. The first paper, “Avoidance of Contract for Fundamental Breach Under the United Nations Convention on Contracts for the International Sale of Goods, 1980”, by Mohammed Zaheeruddin, takes a close look at the CISG provisions and the decided case laws which indicate that the breach is fundamental or that should be determined based on the facts and circumstances of each case. The paper also refers to the obligations of the seller and the buyer and the other remedies available to the parties under the CISG. The author seeks to examine the law applicable to avoidance of contract on the grounds of ‘fundamental breach’ and explores the scope of ‘fundamental breach’ of contract as defined in UN CISG.

The second paper, “Corporate Crimes – Investigations and Adjudication: A Snapshot” by Veena, focuses on the frauds committed by prominent employees involved in huge monetary manipulations of a corporate business. This paper highlights the current investigative practices and the legal issues that constrain or guide the investigating agencies under the various provisions of law. The author seeks to suggest that a serious in-depth investigation is to be undertaken to adjudicate and punish the true offenders. The author emphasizes that there is a need to strengthen the whistle blower mechanism to avoid the untoward frauds and crimes in the corporate world.

In the third paper, “The ‘Real’ Road to Informed Consent: A Future Perspective for Indian Law on Medical Consent”, the authors, K K Sunitha and Tabrez Ahmad, present a comparative study of the legal position on informed consent in the US, the UK and other commonwealth jurisdiction. The paper highlights the need for legal measures on medical consent in India, ensuring disclosure of information by the doctor. The authors outline that the need for informed consent is established by analyzing the current socio-legal status in the health sector in India. The authors focus on the need for strict regulations at all levels for disclosure of information before obtaining consent from the patient by the doctor.

The last paper, “Regional Procedures and Mechanisms for the Protection of Human Rights: A Detailed Analysis of the European State of Affairs in the Light of European Convention on Human Rights” by Sandeep Menon Nandakumar, attempts to address the issues concerning human rights at the regional level, especially in the European context. The paper examines the issues that are linked with religion, morality and privacy which are prone to various interpretations at different times in the light of the European Convention on Human Rights (ECHR). The paper also highlights the conflicting areas that exist between the European Court of Human Rights and the European Union Directives, especially in the context of right against self-incrimination and protection of asylum seekers. The paper also refers to the European Committee of Social Rights, European Social Charter and Charter of Fundamental Rights of the European Union and seeks to examine the working mechanism and procedures of the ECHR.

-- 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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