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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 ...

NASSCOM Invite:Policy Roundtable on Regulation of Digital Payments-New Delhi

Dear Members, NASSCOM is organizing a policy roundtable on regulation of digital payments on October 16, 2019, Wednesday in New Delhi. Time: 11 am to 1 pm (followed by lunch) Venue: “Marigold” Habitat World, at India Habitat Centre, Lodhi Road New Delhi-110003 (Entry from gate number 1 on Lodhi road) RBI has recently released the discussion paper on guidelines for payment gateways and payment aggr...

Healthcare Goes Digital: How LHIF 6.0 Is Addressing This Critical Change In Indian Healthcare

The sixth edition of the Lifesciences & Healthcare Innovation Forum (LHIF) was held on 19th September, 2019 at The Leela Palace, Bengaluru, which saw some of the region’s most prolific leaders and decision makers in healthcare, medicine and technology converge and discuss the way ahead for India’s healthcare industry. With a billion-dollar opportunity at hand and a billion-strong population wa...

In The Spotlight: Gurugram CoE startup NaraIoT only Indian company to win Asian Development Bank hackathon

NaraIoT, CoE Gurugram incubated startup, became the only Indian company to have won US$10,000 in ADB (Asian Development Bank) AIM Hackathon for ‘Future proofing Global Water Crisis’ category. The hackathon was organized at the ADB Headquarters, Manila, Philippines from 31st Aug to 2nd Sep 2019. A total of 220 teams from 39 countries, participated to create a solution for the Global Wat...

NASSCOM response to TRAI Consultation Paper on Review of Scope of Infrastructure Providers Category – I (IP-I) Registration

NASSCOM recently made its submission on the TRAI Consultation Paper (CP) on review of scope of IP-1 registration. In our submission, we have  recommended TRAI to broaden the scope of the registration to allow IP registration to include provisioning of common shareable active infrastructure. We further suggested that scope of IP 1 registration should be broadened to include include the provision of...

Policy roundtable on leveraging regulatory and innovation sandboxes, India Fintech Day , August 29, 2019, Mumbai

NASSCOM organized  a roundtable on leveraging regulatory and innovation sandboxes at the India Fintech Day, 2019 with an aim to bring representatives from the regulators and industry together to discuss the issues and challenges around leveraging regulatory and innovation sandboxes. The specific takeaways pertaining to sandboxes include, the need for better clarity of sandbox objective, regulatory...

Tackling The Cancer Epidemic Using AI: A Hands On Session in Breast Cancer Detection

In recent times, breast cancer has become the most common type of cancer affecting women worldwide accounting for 25% of all cancer cases and affected 3.5 million people in 2017-18. Early diagnosis in these cases significantly increases the chances of survival. The key challenge in cancer detection is how to classify tumours into malignant or benign. Research indicates that most experienced physic...

MAKING URBAN MOBILITY SUSTAINABLE, SEAMLESS AND SAFE

Executive Summary Growing Population and Urbanization Resulting in Sprawling Urban Cities, … India will be home to over 600 million urban dwellers by 2030, with most of the growth coming not from the core cities, but the peripheries. With growing urbanization, cities are losing green cover as they continue to expand beyond the city borders. The National Capital Region (NCR) is a clear example of t...

NASSCOM Feedback on the Draft PF Amendment Bill 2019

NASSCOM recently made its submission on the Draft Employees’ Provident Funds and Miscellaneous Provisions (Amendment) Bill 2019 (hereinafter referred to as “Bill”). The Bill was published by Ministry of Labour and Employment on August 23rd for public Comments. Following are summary of recommendation made by us to the Government. Definition of ‘Wages’: The draft bill contains various al...

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...

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