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Nasscom's Recommendations on Promoting R&D Ecosystem for IT & BPM Industry in India

Public Policy
August 21, 2019 1293 0 Read Article

Nasscom recently submitted its recommendations to the Office of the Principal Scientific Adviser (PSA) on promoting R&D ecosystem for IT & BPM industry in India. Please find below the key highlights from our recommendation...


Blog

Sabka Vishvas (Legal Dispute Resolution) Scheme, 2019

Public Policy
August 19, 2019 1168 0 Read Article Download Icon

The Finance Minister in her maiden budget introduced Sabka Vishwas (Legacy Dispute Resolution) 2019 (LDRS) in order to “unload the baggage of more than INR 3.75 lakh crores blocked in litigation in service tax and excise and allow...


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Policy Update: RBI changes NEFT timings, expands the scope of BBPS, among others

Public Policy
August 9, 2019 939 0 Read Article

ContextOn 7 August, the Reserve Bank of India (RBI) announced a slew of policy measures aimed at accelerating the adoption of digital payments in the country. These include, revision of National Electronic Funds Transfer (NEFT) ti...


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CBDT Clarification on start-up companies' assessment involving Sec 56(2)(viib) issue

Public Policy
August 8, 2019 1562 0 Read Article Download Icon

CBDT has recently issued Circular No. 16/2019 dated August 7, 2019 providing clarification on assessment of start-up companies involving application of Section 56(2)(viib) of the Income Tax Act, 1961. The clarification provides pr...


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

Public Policy
August 7, 2019 1116 0 Read Article

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 sa...


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

Public Policy
August 6, 2019 1325 0 Read Article Download Icon

ContextOn 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 cons...


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Requesting inputs on Consultation Paper on E-invoicing under GST

Public Policy
August 6, 2019 1792 0 Read Article Download Icon

As you might be aware, the GST Council in its 35th meeting held on June 21, 2019, had decided to introduce an Electronic invoice (E-invoice) on a voluntary basis from January 2020. The new system will lead to one-time reporting on...


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Member Update: KYC challenges faced by Prepaid Payment Instruments (PPIs)

Public Policy
July 30, 2019 2051 0 Read Article

ContextThe fintech industry continues to grapple with challenges around e-KYC. The recent circular from Ministry of Finance, dated May 9, 2019, has been much appreciated by the industry. However, the same has been rendered ineffec...


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Policy Update: Highlights of the Aadhaar and Other Laws (Amendment) Act, 2019

Public Policy
July 30, 2019 3135 0 Read Article

ContextOn 24 July 2019, the Union Cabinet approved the amendments to Aadhaar and Other Laws (Amendment) Bill, 2019. The bill, which has become an Act, seeks to amend the Aadhaar (Targeted Delivery of Financial and Other Subsidies,...


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Telangana Govt Exempts IT/ITeS Companies from key provisions of Telangana Shops and Commercial Establishment Act for period of 5 years

Public Policy
July 29, 2019 4499 0 Read Article

The Government of Telangana recently issued a notification dated 25.07.2019, exempting all IT/ITeS companies in the State from the provisions of Section 15 (Opening and Closing Hours), Section 16 (Daily and Weekly Hours of Work), ...


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