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Highlighting implementation challenges with the Digital Lending Guidelines to the Reserve Bank of India (RBI)

Highlighting implementation challenges with the Digital Lending Guidelines to the Reserve Bank of India (RBI)

Public Policy
November 30, 2022 286 0

On November 28, 2022, we submitted a representation to RBI highlighting the challenges being faced by the industry in the implementation of the Digital Lending Guidelines (DL Guidelines).[1] Background A Report of the Workin...


SEBI: Suggestions on review of disclosure requirements for material events or information

SEBI: Suggestions on review of disclosure requirements for material events or information

Public Policy
November 29, 2022 162 0 images

Securities and Exchange Board of India (SEBI) had called for stakeholders’ inputs on Review of disclosure requirements for material events or information under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 20...


Supply of BPO services qualifies as export (and not intermediary) under GST

Supply of BPO services qualifies as export (and not intermediary) under GST

Public Policy
November 29, 2022 463 0

The Hon’ble High Court, Punjab & Haryana in the case of Genpact India Private Limited (Genpact India) recently held that supply of Business Process Outsourcing (BPO) services by Genpact is not in the nature of ‘”intermediary s...


GST: Representation on implementation of ecommerce parity issue for online sellers

GST: Representation on implementation of ecommerce parity issue for online sellers

Public Policy
November 28, 2022 215 0

The GST Council, in its 47th GST Council meeting held in June 2022, decided to extend the GST registration threshold of INR 40 lakhs for online supplier of goods under S. 24(ix) of Central Goods and Service Tax Act, 2017 (CGST Act...


Policy Update: Inclusion of Goods and Service Tax Network (GSTN) as a Financial Information Provider under Account Aggregator Framework

Policy Update: Inclusion of Goods and Service Tax Network (GSTN) as a Financial Information Provider under Account Aggregator Framework

Public Policy
November 24, 2022 200 0

The Reserve Bank of India (RBI) has included Goods and Services Tax Network (GSTN) as a Financial information Provider (FIP) under the Account Aggregator (AA) framework. This inclusion has been made to facilitate cash-flow based l...


DOT: NASSCOM & DSCI submit the feedback on the Draft Indian Telecommunications Bill, 2022

DOT: NASSCOM & DSCI submit the feedback on the Draft Indian Telecommunications Bill, 2022

Public Policy
November 21, 2022 302 0 images

Background In September, the Department of Telecommunications released a new draft Indian Telecommunication Bill, 2022 (Telecom Bill), soliciting feedback from the public on the draft (see here). On November 20th, NASSCOM &...


NASSCOM Report on “Enabling India’s Drone Ecosystem – Policy Suggestions”

NASSCOM Report on “Enabling India’s Drone Ecosystem – Policy Suggestions”

Public Policy
November 21, 2022 449 0 images

With the aim of making India a drone hub by 2030 and a $30 billion industry, the Government of India has taken several steps to promote India’s budding drone industry. These include the liberalised Drone Rules, 2021, rationalised ...


Suggestions for Amendment of the Standard on Online Consumer Reviews

Suggestions for Amendment of the Standard on Online Consumer Reviews

Public Policy
November 14, 2022 203 0 images

The Bureau of Indian Standards (BIS) had called for stakeholders’ inputs on the Indian Standard on Online Consumer Reviews — Principles and Requirements for their Collection, Moderation and Publication (the Standard) in Octob...


ONDC: Response to the Consultation Paper on Building Trust in the ONDC Network

ONDC: Response to the Consultation Paper on Building Trust in the ONDC Network

Public Policy
November 14, 2022 367 0 images

Background Open Network for Digital Commerce (ONDC) in August, had released a Consultation Paper on 'Building Trust in the ONDC Network' for public consultation. The objective of this Consultation Paper was to an...


OECD: Submission on Progress Report on administration and tax certainty aspects of Pillar One

OECD: Submission on Progress Report on administration and tax certainty aspects of Pillar One

Public Policy
November 11, 2022 154 0 images

The OECD/G20 Inclusive Framework on BEPS (Inclusive Framework) has been working to develop a consensus-based solution to address tax challenges arising out of digitalisation of the economy. Amount A of Pillar One has been devel...


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