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Update: RBI releases framework for facilitating ‘Small Value Digital Payments’

Update: RBI releases framework for facilitating ‘Small Value Digital Payments’

Public Policy
January 10, 2022 328 0

Backdrop The Reserve Bank of India (RBI), in August 2020, had announced a scheme to conduct pilot tests of innovative technology that would enable retail digital payments in situations and places with low or no internet c...


NASSCOM’s Feedback: NITI Aayog’s Discussion Paper on Digital Banking

NASSCOM’s Feedback: NITI Aayog’s Discussion Paper on Digital Banking

Public Policy
December 31, 2021 302 0 images

  Backdrop In November, the NITI Aayog released a discussion paper on ““Digital Banks – A Proposal for Licensing and Regulatory Regime for India” (Discussion Paper). It describes the need for, and components of, a propo...


NASSCOM's Feedback: RBI's Report on Digital Lending

NASSCOM's Feedback: RBI's Report on Digital Lending

Public Policy
December 31, 2021 377 0 images

  In January 2021, the Reserve Bank of India (RBI) constituted a working group on digital lending including lending through online platforms and mobile apps. The objective of the working group was to – evaluate kinds of di...


SEBI: Representation highlighting issues relating to related party in Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2021

SEBI: Representation highlighting issues relating to related party in Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2021

Public Policy
December 30, 2021 391 0

As you may be aware, SEBI notified the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Sixth Amendment) Regulations, 2021 (Amendment Regulations) on November 9, 2021, which are effective f...


Feedback on consultation paper on the proposed Health Data Retention Policy

Feedback on consultation paper on the proposed Health Data Retention Policy

Public Policy
December 29, 2021 223 0 images

The National Health Authority (NHA) published a consultation paper on the proposed Health Data Retention Policy in Nov 2021 for feedback from stakeholders. The policy aimed to maximize benefits from usage of this data, while keepi...


Update: RBI extends timeline for purging Card-on-File data by merchants and payment aggregators

Update: RBI extends timeline for purging Card-on-File data by merchants and payment aggregators

Public Policy
December 23, 2021 379 0

In line with NASSCOM’s recommendations (read here), the Reserve Bank of India (RBI) has granted an extension to merchants and payment aggregators to purge card-on-file (CoF) data by six months i.e., till June 30, 2022. After this ...


Seeking inputs: TRAI Consultation Paper on 'Regulatory framework for Promoting Data Economy Through Establishment of Data Centres, Content Delivery Networks, and Interconnect Exchanges in India’

Seeking inputs: TRAI Consultation Paper on 'Regulatory framework for Promoting Data Economy Through Establishment of Data Centres, Content Delivery Networks, and Interconnect Exchanges in India’

Public Policy
December 22, 2021 214 0

Dear Members, The Telecom Regulatory Authority of India (TRAI) has released a consultation paper on ‘Regulatory framework for Promoting Data Economy Through Establishment of Data Centres, Content Delivery Networks, and Intercon...


OECD releases Pillar Two model rules for domestic implementation of 15% global minimum tax

OECD releases Pillar Two model rules for domestic implementation of 15% global minimum tax

Public Policy
December 21, 2021 212 0 images

The Organisation for Economic Cooperation and Development (OECD), on December 20, released detailed rules under Pillar Two for the proposed Global Anti-Base Erosion (GloBE) rules, which will introduce a global minimum corporate ta...


Joint Parliamentary Committee on Personal Data Protection Bill releases report with a Data Protection Bill, 2021

Joint Parliamentary Committee on Personal Data Protection Bill releases report with a Data Protection Bill, 2021

Public Policy
December 21, 2021 630 0

Introduction On December 16, 2021, the Joint Parliamentary Committee (JPC) on the Personal Data Protection Bill of 2019 (2019 Bill) tabled its report (report) in Parliament. The Report is available here. It contains: In p...


GST Update: Clarifications regarding GST on service supplied by restaurants through e-commerce operators

GST Update: Clarifications regarding GST on service supplied by restaurants through e-commerce operators

Public Policy
December 21, 2021 462 0 images

The GST Council, in its 45th meeting held in September, 2021 recommended to notify ‚Restaurant Service‛ under S. 9(5) of Central Goods and Services Ta Act, 2019 (CGST Act). Accordingly, tax on supply of restaurant service provided...


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