Volume 1, Issue 5

The International Financial Reporting Standards (IFRS) have become the de facto global language of corporate financial reporting, with the IFRS Foundation reporting complete jurisdictional profiles for 169 jurisdictions as of 2025, the majority of which mandate the Standards for domestic publicly accountable entities. Yet the transplantation of IFRS into emerging markets has produced outcomes markedly different from those observed in the developed-market contexts in which the Standards were substantially developed. This paper argues that IFRS implementation in emerging economies is best understood not as a binary adoption event but as a continuum of convergence strategies — ranging from full adoption (South Africa, Nigeria, Brazil) to selective convergence (India’s Ind AS, China’s Accounting Standards for Business Enterprises)—shaped by institutional capacity, enforcement infrastructure, and the fair-value orientation of the Standards themselves. The paper identifies four recurring implementation challenges—inadequate valuation and audit infrastructure, weak enforcement mechanisms, high retraining costs, and tension between principles-based and rules-based traditions — and concludes that convergence, rather than full adoption, may represent a more institutionally realistic pathway for many emerging economies.

Artificial intelligence has fundamentally transformed the manner in which music is created, distributed, and consumed. Modern generative AI systems are capable of producing melodies, lyrics, instrumentals, vocal performances, and complete musical compositions within seconds through nothing more than a simple text prompt. This paper examines the relationship between artificial intelligence and copyright law within the Indian legal framework, analysing the statutory requirement of human authorship under the Copyright Act, 1957, evaluating the applicability of the originality standard developed by Indian courts, and exploring emerging disputes relating to voice cloning, data scraping, and personality rights. The study further examines recent judicial developments and proposes legislative and policy reforms that may enable India to encourage technological innovation while protecting the economic and moral interests of human creators.

The proliferation of social media platforms has fundamentally restructured how young people communicate, construct identity, and engage with the world around them. This paper examines the relationship between social media usage and youth mental health through a doctrinal and analytical framework, drawing upon international and national studies, government reports including India’s Economic Survey 2026, data from the World Health Organization, and the World Happiness Report 2026. The analysis addresses key psychological mechanisms — social comparison processes, dopaminergic feedback loops, fear of missing out (FoMO), and the displacement of in-person interaction — that mediate the relationship between platform use and psychological well-being, and concludes that mental health impact is determined not by exposure alone but by the quality and intentionality of engagement.