21 search results for "guidelines"

Nasscom’s Revised Submission on Draft e-Commerce Guidelines

Nasscom recently submitted its revised inputs on the Draft e-Commerce Guidelines for Consumer Protection 2019 (‘draft e-Commerce Guidelines’) to Department of Consumer Affairs. The salient points of our recommendations are summarised below: Definition of e-Commerce entity needs to be better formulated (draft e-Commerce Guideline 2(1)(c)) We have recommended the following definition of ‘e-Commerce ...

Policy Brief: RBI releases “Guidelines for ‘on tap’ Licensing of Small Finance Banks in the Private Sector”

Context On 5 December, the Reserve Bank of India (RBI) issued guidelines for ‘on tap’ licensing of small finance banks in the private sector. The move comes after a review of the performance of the existing small finance banks, which were granted in-principle approval in 2015. The draft guidelines was placed for public comments on 13 September 2019. According to the Central Bank, the final guideli...

NASSCOM’s feedback on RBI’s ‘Discussion Paper on Guidelines for Payment Gateways and Payment Aggregators’

We thank the Reserve Bank of India (RBI) for this opportunity to present our views and suggestions on the Discussion Paper on Guidelines for Payment Gateways and Payment Aggregators (Discussion Paper). It presents a detailed assessment of the payments ecosystem in the country, covers the various facets of the activities of the Payment Gateways (PG) and Payment Aggregators (PA) and presents differe...

NASSCOM’s feedback to the Reserve Bank of India (RBI) on ‘Draft Guidelines for ‘on tap’ Licensing of Small Finance Banks in the Private Sector’

As the representative of the information technology industry, we take this opportunity to present our views and suggestions on the Draft Guidelines for ‘on tap’ Licensing of Small Finance Banks in the Private Sector which provides a window of opportunity to non-banking financial companies (NBFCs), Payments Banks (PBs), micro-finance institutions (MFIs) and fintechs (in lending) to apply for Small ...

Request for Inputs: Discussion Paper on Guidelines for Payment Gateways & Payment Aggregators

Dear Members, On 17 September, the Reserve Bank of India (RBI) issued a discussion paper  on Guidelines for Payment Gateways and Payment Aggregators which seeks to develop a framework to regulate intermediaries such as the payment gateways and payment aggregators, facilitating online payments. These intermediaries shall be authorised under the Payment and Settlement Systems Act, 2007 (PSSA), sugge...

Request for Inputs: Draft Guidelines for ‘on-tap’ licensing of Small Finance Banks in the Private Sector

Dear Members, On 13 September, the Reserve Bank of India (RBI) issued draft guidelines for ‘on tap’ licensing of small finance banks in the private sector. The move comes after a review of the performance of the existing small finance banks, which were granted in-principle approval in 2015. RBI had issued the Guidelines for Licensing of “Small Finance Banks” in the Private Sector on November 27, 2...

Policy Brief: Guidelines for Payment Gateways and Payment Aggregators

Context On 17 September, the Reserve Bank of India (RBI) issued a discussion paper on Guidelines for Payment Gateways and Payment Aggregators which seeks to develop a framework to regulate intermediaries such as the payment gateways and payment aggregators, facilitating online payments. These intermediaries shall be authorised under the Payment and Settlement Systems Act, 2007 (PSSA), suggests the...

Call for Inputs & Nasscom’s Submission on Draft e-Commerce Guidelines

[This blog has been co-authored with Komal Gupta and Indrajeet Sircar] Recently, Nasscom submitted its inputs to Department of Consumer Affairs on the draft e-Commerce Guidelines for Consumer Protection 2019 (‘draft Guidelines’). The original deadline (16th September) for submitting comments on the draft Guidelines has now been extended to 31st October, 2019. While the draft Guidelines are aimed a...

Policy Brief: RBI issues draft guidelines for ‘on tap’ licensing of Small Finance Banks in the Private Sector

Context On 13 September, the Reserve Bank of India (RBI) issued draft guidelines for ‘on tap’ licensing of small finance banks in the private sector. The move comes after a review of the performance of the existing small finance banks, which were granted in-principle approval in 2015.  RBI had issued the Guidelines for Licensing of “Small Finance Banks” in the Private Sector on November 27, 2014. ...

Member Consultation: Draft e-Commerce Guidelines for Consumer Protection 2019

On 2 August, the Department of Consumer Affairs under the Ministry of Consumer Affairs, Food & Public Distribution, issued draft guidelines on e-commerce for protection of consumers’ interest. It proposes a slew of consumer safeguards that forbid e-commerce companies from influencing pricing, adopting unfair promotion methods or misrepresenting the quality of goods and services. Earlier this y...

Policy Brief: Draft e-Commerce Guidelines for Consumer Protection 2019

Context On 2 August, the Department of Consumer Affairs under the Ministry of Consumer Affairs, Food & Public Distribution, issued draft guidelines on e-commerce for protection of consumers’ interest. It proposes a slew of consumer safeguards that forbid e-commerce companies from influencing pricing, adopting unfair promotion methods or misrepresenting the quality of goods and services. “These...

NASSCOM-DSCI Feedback on the Draft Information Technology [Intermediary Guidelines (Amendment)] Rules, 2018

NASSCOM has submitted its feedback to the Ministry of Electronics and Information Technology (MeitY) in response to its invitation dated December 24, 2018. Earlier we released a policy brief raising some discussion points on the proposed draft Rules. Given below are the overall observations in our feedback. The detailed feedback is also attached below. In terms of our approach, given the numerous ...

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