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Covid-19: An Opportune Time for Fintech to Grow

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Did you know that Fintech is one of the fastest-growing sectors? Well yes, it is and as per data from NASSCOM, globally the industry is estimated to soon touch $45 billion with a growth rate of 7.1%. The COVID-19 worldwide crisis is affecting every industry differently, and FinTech is no exception. But, as the world shifts from “respond” to “recover” to “resurrect”, and economies shifts from crisi...

CBDT notifies Safe Harbor Rules for AY 2020-21

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Central Board of Direct Taxes (CBDT), vide issue of Income Tax (9th Amendment) Rules, 2020  has notified Safe Harbor Rules (SHR) for Assessment Year (AY) 2020-21. As per the notification, rates applicable from AY 2017-18 to 2019-20 will continue to apply for AY 2020-21. Introduced in 2009, safe harbors provide for circumstances in which a certain category of taxpayers can follow a simple set of ru...

Submission to Ministry of Finance to consider revision in Advance Pricing Agreements (APAs) and mark-ups under Safe Harbour Rules

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As you are aware, spread of Novel Coronavirus (COVID- 19) and the resulting economic slowdown has ripple effects across a range of markets hampering Multinational Enterprises (MNEs)’s operations, upsetting corporate forecasts and business plans. Global economic turmoil will, in many cases, lead to group-wide losses for entities throughout the value chains of MNEs. This unprecedented situation has ...

NASSSCOM’s Recommendations for Data Centre Policy

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Globally, data is being created at an unprecedented pace. Global Datasphere, which is the total amount of data created, stored and replicated is estimated to grow from 33 ZB in 2018, to 175 ZB by 2025.[1] Given this trend, there is a need for building more Data Centres to store data, which in turn can be leveraged to provide a variety of cloud services. In this background, the Finance Minister in ...

NASSCOM-Zinnov-Resiliency of the Indian ER&D Ecosystem during COVID-19 – May 2020

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This research assesses the impact of COVID-19 on enterprises globally and highlights the resiliency of the Indian ER&D ecosystem to ensure continuity of operations for its customers during the crisis. It highlights the key steps taken by ER&D firms to manage internal operations to ensure continuity of business. It also showcases examples of how these companies helped their customers keep t...

How First Cohort Members of GE Healthcare Edison[X] Are Adopting Proprietary Technologies to Tackle COVID19

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COVID19 is stress-testing healthcare systems across the world. However, there is immense hope for healthcare technology ventures and startups since their relevance has enhanced manifold during this pandemic. Solutions such as AI-guided telemedicine, AI-enabled detection for anomalies, thermal screening of patients to avoid contact, robotic fogging of infected wards and ICUs, 3D printed PPE… ...

How A Technology Partner Can Help Startups Overcome Tech Challenges

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Here’s a fact check for all the entrepreneurs: Each year, over 595,000 businesses fail while those that succeed only sum up at 32,000! If nothing else, this stat proves one thing- Entrepreneurship is not easy and 95% of the businesses that ‘take the leap, fall flat’. There are various challenges that entrepreneurship throws at your way and only 5% of the people are able to face and overcome these ...

Rebooting Entrepreneurial Ecosystem – Post Covid

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Pandemic is dramatically impacting entrepreneurs & businesses, moving out of COVID isn’t the end of this crisis. It’s the beginning of a new journey of thinking about their approach to over all go-to-market strategies. Also, this will be a time to reflect on their individual approach to risk. Now this pandemic is creating exponential pace of change to the society, which means the entrepreneurs...

#LeaderTalk: In Conversation with Mr. Sudhir Tiwari, Managing Director, Thoughtworks India

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Please share your thoughts on how you are managing productivity and employee morale during this crisis?  On Productivity  That’s an interesting one. Since we are a global company and have offices in China and Italy, we could foresee that a lockdown in India was looming large. Given the situation we are currently in, our productivity has been good as before but, we don’t yet know what the long-term...

What is Hybrid Wide-area Network (WAN) and How Does It Work!

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  Hybrid SD-WAN is one of the most popular use cases that enterprises are looking for solutions today! With the implementation of SD-WAN solutions, service providers have an opportunity to use a hybrid to increase business possibilities. What is Hybrid WAN? Hybrid WAN is a method of correlating two geographically separated WANs to a branch office with the traffic being sent over two separate ...

Ministry of Finance clarifies that the provisions of section 269SU of the Income-tax Act shall not be applicable to B2B transactions

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Context In a move towards a less-cash economy, a new provision namely Section 269SU was inserted in the Income-tax Act, 1961, vide the Finance (No.2) Act 2019. This section requires every person carrying on business and having sales/turnover/gross receipts from business of more than Rs 50 crore in the immediately preceding previous year to mandatorily provide facilities for accepting payments thro...

Guidelines on preventive measures to contain spread of COVID-19 in workplace settings

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The Ministry of Health & Family Welfare has issued Guidelines on preventive measures to contain spread of COVID-19 in workplace settings (link here). The guidelines, apart from detailing the preventive measures, provides clarity to companies on measures to taken when an employee shows symptoms or tests positive for Covid-19. As per the guidelines, when one or two employees are found positive, ...