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Update: RBI extends timeline for purging card-on-file data by three months

Update: RBI extends timeline for purging card-on-file data by three months

Public Policy
June 24, 2022 178 0

  The Reserve Bank of India (RBI) has granted an extension to purge card-on-file (CoF) data by three months i.e., September 30, 2022. Prior to this, RBI had granted an extension for the same ahead of December 31, 2022 dead...


Call for inputs: Draft Master Direction on Outsourcing of IT Services by Reserve Bank of India

Call for inputs: Draft Master Direction on Outsourcing of IT Services by Reserve Bank of India

Public Policy
June 24, 2022 275 0

The Reserve Bank of India (RBI) in its statement on Developmental and Regulatory Policies had sated that the “financial system is seeing extensive leveraging and outsourcing of critical IT services by regulated entities” and that ...


Reserve Bank of India (RBI): Representation on facilitating compliance with Card-on-file Tokenisation

Reserve Bank of India (RBI): Representation on facilitating compliance with Card-on-file Tokenisation

Public Policy
June 24, 2022 138 0

In compliance with the PA/PG guidelines, merchants and payment aggregators (PAs) will be required to purge stored card data on June 30th i.e., a week from now. The RBI had granted an extension to the industry for the same by six m...


Update: Reserve Bank of India publishes ‘Payments Vision-2025’

Update: Reserve Bank of India publishes ‘Payments Vision-2025’

Public Policy
June 24, 2022 197 0

Backdrop Recently, the Reserve Bank of India (RBI) has published its latest Vision Document 2025 (Document). The Document builds on the Payments Vision 2019-21 and outlines the thought process for the period upto December ...


Update: Issue of Circular to provide guidelines in relation of deduction of tax at source on transfer of virtual digital assets

Update: Issue of Circular to provide guidelines in relation of deduction of tax at source on transfer of virtual digital assets

Public Policy
June 24, 2022 139 0 images

The Central Board of Direct Taxes recently issued Circular No. 13 of 2022 dated June 22 providing clarification in relation to applicability of Tax Deduction at Source (TDS) provisions on transfer of Virtual Digital Assets (VDA) u...


Update: Issue of Circular to provide guidelines in relation of deduction of tax at source on benefit or perquisite in respect of business or profession

Update: Issue of Circular to provide guidelines in relation of deduction of tax at source on benefit or perquisite in respect of business or profession

Public Policy
June 24, 2022 261 0 images

The Central Board of Direct Taxes recently issued Circular No. 12 of 2022 dated 16 June providing clarification in relation to applicability of Tax Deduction at Source (TDS) provisions on benefit/ perquisite in respect of business...


GST: Submission requesting for extension of exemption on Integrated Goods and Services Tax paid on capital goods procured by units in STPI/ EOU

GST: Submission requesting for extension of exemption on Integrated Goods and Services Tax paid on capital goods procured by units in STPI/ EOU

Public Policy
June 23, 2022 656 0

The Software Technology Parks of India (STPI) Scheme is a 100% export-oriented programme for developing and exporting computer software, as well as professional services via communication links or physical media. The Export Orient...


CCI Journal on Competition Law and Policy- Call for Papers

CCI Journal on Competition Law and Policy- Call for Papers

Public Policy
June 23, 2022 399 0 images

  The Competition Commission of India (CCI) is a statutory body established under the Competition Act, 2002 inter alia to prevent practices having adverse effect on competition, promote and sustain competition in markets, ...


Parliamentary Standing Committee on Commerce Publishes Report on ‘Promotion and Regulation of e-Commerce in India’

Parliamentary Standing Committee on Commerce Publishes Report on ‘Promotion and Regulation of e-Commerce in India’

Public Policy
June 22, 2022 571 0

On June 15, 2022, the Department related Parliamentary Standing Committee on Commerce (the Committee), headed by Shri V. Vijayasai Reddy, presented its report on ‘Promotion and Regulation of E-Commerce in India’. The Committee exa...


Call for Inputs: Draft Policy on General Authorisation for Export after Repair in India

Call for Inputs: Draft Policy on General Authorisation for Export after Repair in India

Public Policy
June 15, 2022 193 0 images

The Directorate General of Foreign Trade (DGFT) has published a draft policy on General Authorisation for Export after Repair in India (GAER). This policy is being proposed for inclusion as Paragraph 2.79C(D) of the Handbook ...


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