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13 search results for "committee"

NASSCOM submits feedback on Competition (Amendment) Bill, 2020

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The Competition (Amendment) Bill, 2020 checks most boxes on the recommendations of the Competition Law Review Committee, but still leaves room for further reform Key Changes Introduced The Competition (Amendment) Bill, 2020 (Bill) was widely expected to carry forward the recommendations of the Competition Law Review Committee (CLRC) chaired by the Corporate Affairs Secretary, Mr. Injeti Srinivas, ...

Update: NASSCOM participates in the first meeting of Grievance Redressal Committee for GST issues

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The Goods and Services Tax (GST) Council, in its 38th meeting, approved constitution of “Grievance Redressal Committee” at Zonal/ State level to tackle grievances of taxpayers on GST related issued of specific/ general nature. Accordingly, a Grievance Redressal Committee has been formed in the State of Karnataka comprising of officials from Goods & Services Tax Network (GSTN), Office of Princi...

Update: NASSCOM-DSCI Consultation Series on the Personal Data Protection Bill, 2019

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Over December 2019 and January 2020, NASSCOM and DSCI conducted a series of Consultation Sessions across Delhi NCR, Mumbai and Bangalore on the Personal Data Protection Bill, 2019. Based on the inputs received from members, both during the Consultation Sessions, as well as through written submissions provided by members, the following issues arise as key concerns: Categorisation of Sensitive Perso...

Policy Brief: Highlights of the Steering Committee’s Report on Fintech Related Issues

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Context On 2 September 2019, a Steering Committee headed by Secretary, Department of Economic Affairs (DEA), Ministry of Finance submitted its final report on fintech related issues to the Finance and Corporate Affairs Minister Nirmala Sitharaman. The committee has  recommended setting up of a taskforce on data protection in the financial sector, an inter-ministerial steering committee on fintech ...

Committee Report on New Direct Tax Code

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On August 19, 2019, task force headed by Akhilesh Ranjan, Member, Central Board of Direct Taxes (CBDT) submitted its report to Finance Minister Nirmala Sitharaman. This is a significant development as the report seeks to replace 57-year old Income Tax Act, 1961 which has undergone innumerable incremental changes over time. The report has not yet been released in public. Based on our primary resear...

Policy Brief: Highlights of the inter-ministerial committee’s report on virtual currencies

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Context On 2 November 2017, a high-level inter-ministerial committee headed by the then economic affairs secretary Subhash Chandra Garg was set up to study the issues related to virtual currencies and propose specific action to be taken in this matter. The mandate of the Committee included an examination of the policy and legal framework for the regulation of virtual currencies. The members of the...

UK Policy Update: Foreign Affairs Committee report on UK-India Relations

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The UK Foreign Affairs Committee (FAC) recently published a report titled Building Bridges: Reawakening UK-India ties, following their “Global Britain” inquiry, to which NASSCOM submitted written evidence in September 2018. The report is very positive about the UK-India relationship and makes a number of recommendations on skills, migration and trade policy. Specifically, the report recommends tha...

Government of Telangana Mandates Registration of Internal Complaints Committee (ICC) setup under POSH Act

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The Department of Women Development and Child Welfare of Government of Telangana has recently launched a Web-Portal to provide a single window access to women employees to register their complaint against Sexual Harassment at Workplace.  The POSH (Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013, requires establishments with more than or equal to 10 employe...

Policy Brief: Highlights of the U. K. Sinha led expert committee report on Micro, Small and Medium Enterprises

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Highlights of the U. K. Sinha led expert committee report on Micro, Small and Medium Enterprises 03.07.2019 Context In January, the Reserve Bank of India constituted an eight-member expert committee on micro, small and medium enterprises (MSMEs) headed by former SEBI chairman U.K. Sinha to undertake a comprehensive review of the sector and to propose long-term solutions for its economic and financ...

Policy Brief: Highlights of the High Level Committee report on Deepening Digital Payments

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Highlights of the High Level Committee report on Deepening Digital Payments 25.06.2019 Context In January, the RBI had constituted a high-level committee headed by Aadhaar architect Nandan Nilekani to set up a robust digital payments ecosystem in the country. The expert panel, which was asked to recommend a medium-term strategy for deepening digital payments, and measures to strengthen safety and ...

GST: Policy and Technical Working Groups formed to examine Generation of Invoices on GST Portal

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In continuation of the member Consultation on Generation of Electronic Invoice on GST Portal, NASSCOM along with few member companies met GST officials dealing with the proposed “generation of electronic invoice through GST portal”.  We discussed the process for generation of e-invoices in detail with an intent to ensure that the final mechanism causes minimum disruption, is implementable and is r...

114th Report of the Parliamentary standing committee on exports – GST

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Please find attached the Report of the Parliamentary Standing Committee on Exports covering the impact of GST on exports. You would recall that NASSCOM had represented to the committee in November 2017 highlighting key issues of the technology industry. Some of the observations of the committee are welcome and we will continue to engage with them for further deliberations and consultations.   This...

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