Globalisation Demands Law Updates: Former SC Judge Mukundakam Sharma

• Former Supreme Court justice Mukundakam Sharma stated that India's move towards an open economy and globalisation necessitated updating and modifying its laws.
• He spoke at the 2nd Bharat Legal Conclave, emphasizing the need for new legislations to suit contemporary requirements.
• Sharma noted the conflict between India's initial socialist declaration and its current open market system, a trend even communist countries like China and Russia are adopting.
• Union Law Minister Arjun Ram Meghwal, attending virtually, highlighted the importance of the legal framework keeping pace with technological advancements.
• Meghwal mentioned the Digital India initiative's role in addressing new challenges like cyberattacks and AI regulation, and the use of AI, ML, NLP, and OCR in the e-Courts Project.