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

Public Policy
July 25, 2019 1430 0 Read Article

ContextOn 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 ...


Blog

Requesting inputs on SEBI’s Consultation Paper with respect to Resignation of Statutory Auditors from Listed Entities

Public Policy
July 25, 2019 821 0 Read Article

The Securities and Exchange Board of India (SEBI) has released a consultation paper on Resignation of Statutory Auditors from Listed Entities. According to the paper, there have been a significant number of instances of abrupt res...


Blog

Nasscom asks govt to reconsider clarification on intermediary services

Public Policy
July 24, 2019 875 0 Read Article

A circular from the Central Board for Indirect Taxes and Customs that was released last week said the services offered by the IT and ITeS sectors at the back end may attract 18% GSTNeha Alawadhi | NEW DELHILast Updated at July 24,...


Blog

Seeking Inputs: Draft Haryana Maternity (Amendment) Rules. 2019

Public Policy
July 23, 2019 2618 0 Read Article

Haryana Government has recently published Draft Haryana Maternity (Amendment) Rules, 2019 , for setting up Creche facilities.  The rules are applicable to establishment with 50 or more employees in the State.Following are some of ...


Blog

ITeS/ BPO: Implications of the recent GST circular on intermediary services

Public Policy
July 22, 2019 2444 0 Read Article

The GST Policy Wing, CBIC, Ministry of Finance released an important circular on 18.07.19 to address concerns raised by us in relation to IT enabled services (ITeS)/ BPO export services. The concern being that ITeS/ BPO export ser...


GDPR- And It's Impact on Cyber security

GDPR- And It's Impact on Cyber security

Public Policy
July 16, 2019 1058 0 Read Article

General Data Protection Regulation (GDPR) is a replacement for the European Data Protection Legislation. On May 25th, 2018, after 20 years, GDPR denoted a first such major overhaul to the Data protection act of the European Union....


Blog

NASSCOM’s suggestions to address the KYC challenges faced by Prepaid Payment Instruments (PPIs)

Public Policy
July 12, 2019 2795 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...


Blog

Bombay High Court: Dream11 is a game of skill, not chance; GST inapplicable on pooled amounts

Public Policy
July 12, 2019 1851 0 Read Article

Facts of the Case:A Criminal Public Interest Litigation (“PIL”) was filed against Dream11, a fantasy sports platform based in India that allows users to play fantasy cricket, hockey, football, kabaddi and basketball. The PIL alleg...


Cloud Data Leak Prevention (DLP)

Cloud Data Leak Prevention (DLP)

Public Policy
July 8, 2019 587 0 Read Article

In today’s data world, data breaches are commonplace. Not a day goes by without a headline about a massive data breach. Just to put this into perspective, there have been more than 14 billion records lost since 2013. The leaks com...


Blog

Policy Update: Launch of Complaint Management System by RBI

Public Policy
July 8, 2019 818 0 Read Article

08.07.2019ContextIn a move aimed at improving its grievance redressal process, the Reserve Bank of India (RBI) launched a Complaint Management System (CMS) portal on 24 June. The portal acts as a single window for lodging complain...


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