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Statement on Developmental and Regulatory Policies by RBI

Statement on Developmental and Regulatory Policies by RBI

Fintech Public Policy
December 8, 2023 60 0

December 8, 2023, Reserve Bank of India (RBI) published a statement indicating upcoming developments in policy measures as follows: Financial Markets 1. Review of the regulatory framework for hedging of foreign exchange...


Guidelines for Prevention and Regulation of Dark Patterns on online platforms

Guidelines for Prevention and Regulation of Dark Patterns on online platforms

Public Policy
December 4, 2023 117 0 images

On December 1, 2023, the Department of Consumer Affairs published the Guidelines for Prevention and Regulation of Dark Patterns (The Guidelines). Nasscom was a part of the task force set-up by the government, to give suggestio...


NFRA: Representation on Circular issued by NFRA regarding responsibilities of statutory auditors to report fraud

NFRA: Representation on Circular issued by NFRA regarding responsibilities of statutory auditors to report fraud

Public Policy
November 29, 2023 90 0

S. 143(12) of Companies Act, 2013 (Companies Act) read with Rule 13 of Companies (Audit and Auditors) Rules, 2014 (Rules) casts responsibility on the auditor of a company to report instances of fraud involving amount of INR 1 cror...


Haryana State Employment of Local Candidates Act, 2020 struck down as unconstitutional

Haryana State Employment of Local Candidates Act, 2020 struck down as unconstitutional

Public Policy
November 28, 2023 83 0 images

Chronology of events In 2021, the State of Haryana enacted the Haryana State Employment of Local Candidates Act, 2020 (“HSELC Act”) to provide for 75% employment of local candidates by private employers where the gross mont...


MoF: Submission on OECD Pillar One Multilateral Convention

MoF: Submission on OECD Pillar One Multilateral Convention

Public Policy
November 22, 2023 77 0

As you may be aware, the OECD/G20 Inclusive Framework on Base Erosion and Profit Sharing (BEPS) has been working to develop a consensus-based solution to address tax challenges arising out of digitalisation of the economy. The OEC...


MEITY : nasscom representation on enabling a robust implementation of the DPDPA

MEITY : nasscom representation on enabling a robust implementation of the DPDPA

Data Privacy Public Policy
November 17, 2023 430 0

In November, nasscom made a representation to the Ministry of Electronics and Information Technology on enabling a robust implementation of the Digital Personal Data Protection Act of 2023 (DPDPA). Our representation, which was de...


Discussion and experience sharing session with Gujarat government on e-commerce under GST

Discussion and experience sharing session with Gujarat government on e-commerce under GST

Public Policy
November 14, 2023 30 0

Dear All, As you may be aware, e-commerce sector has been identified as a sector for capacity building by the Committee of Officers on GST Audit in their report submitted during the 48th GST Council meeting. Towards this end, w...


Feedback on Pre-Consultation Paper for Formulation of “National Broadcasting Policy”

Feedback on Pre-Consultation Paper for Formulation of “National Broadcasting Policy”

Public Policy
November 10, 2023 63 0 images

The Telecom Regulatory Authority of India had issued a pre-consultation paper to solicit initial comments from stakeholders to formulate the India’s first national broadcasting policy (NBP). Our principal recommendations are ...


New Regulation by RBI for Cross-Border Payment Aggregators

New Regulation by RBI for Cross-Border Payment Aggregators

Public Policy
November 8, 2023 248 0

October 31, 2023, the Reserve Bank of India (RBI) issued Regulations for Payment Aggregator – Cross Border on (PA-CB Regulations). This is with the aim of regulating entities seeking to facilitate cross-border payments for import ...


SEZ Update: Hybrid work model extended till December 2024 for employees of IT-ITeS units in SEZ

SEZ Update: Hybrid work model extended till December 2024 for employees of IT-ITeS units in SEZ

Public Policy
November 8, 2023 1049 0 images

Dear All, The Department of Commerce, Ministry of Commerce and Industries (MoCI) has enabled hybrid working model for the Information Technology – Information Technology enabled Services (IT-ITeS) units operating in Specia...


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