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Update: RBI announces its first ever global hackathon – “HARBINGER 2021 – Innovation for Transformation”

Update: RBI announces its first ever global hackathon – “HARBINGER 2021 – Innovation for Transformation”

Public Policy
November 10, 2021 460 0

Objective The Reserve Bank of India (RBI) has announced its first global hackathon – “Harbinger – 2021 – Innovation for Transformation” (Hackathon). The theme of this hackathon is ‘Smarter Digital Payments’. This Hackathon aims...


GST: Submission suggesting improvements in GST Returns for registered taxpayers

GST: Submission suggesting improvements in GST Returns for registered taxpayers

Public Policy
November 10, 2021 288 0 images

The Directorate General of Goods and Service Tax (Southern Region) has been entrusted to make an analysis of GST Returns on the following “Terms of References”. •      To analyse the purpose and require...


GST Update | Accumulated TDS/TCS credit refundable under GST

GST Update | Accumulated TDS/TCS credit refundable under GST

Public Policy
November 10, 2021 1319 0 images

The Telangana High Court, in the case of Appario Retail Private Limited vs. The Union of India [2021 (11) TMI 153 - TELANGANA HIGH COURT], recently  held that excess cash balance available in electronic cash ledger on ac...


Policy Update: Haryana Private Reservation law to come into force from January 15, 2022

Policy Update: Haryana Private Reservation law to come into force from January 15, 2022

Public Policy
November 9, 2021 237 0

Dear Members, The Government of Haryana vide notification No. Lab/25467/2021 dated November 6, 2021 (available here), has notified January 15, 2022 as the date of implementation of the Haryana State Employment of Local Candidat...


MEITY: Release of an FAQ on the Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules, 2021

MEITY: Release of an FAQ on the Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules, 2021

Public Policy
November 2, 2021 345 0

On November 1st, 2021, the Ministry of Electronics and Information Technology (“MEITY”) released a set of Frequently Asked Questions (“FAQs”) on the Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Ru...


MEITY: Feedback on Draft Handbook of Intangible Technology Transfer Controls

MEITY: Feedback on Draft Handbook of Intangible Technology Transfer Controls

Public Policy
November 1, 2021 253 0

On 1 November 2021, NASSCOM submitted feedback to the Ministry of Electronics & Information Technology (MeitY) on the draft Handbook on Intangible Technology Transfer (ITT) Control (draft ITT Handbook). This was in furthe...


CII ASCON summit 2021 : Key suggestions for the IT-BPM sector

CII ASCON summit 2021 : Key suggestions for the IT-BPM sector

Public Policy
October 29, 2021 201 0

CII Associations’ Council (ASCON) is an important forum of CII which brings together National level Associations from across sectors on a common platform. Every year, an ASCON summit is organised. NASSCOM led the industry engageme...


Industry consultation : Key policy needs of the Data Center industry

Industry consultation : Key policy needs of the Data Center industry

Public Policy
October 29, 2021 194 0

India has around 400 MW of installed power capacity of Data Centres and as per projections, this is expected grow three times by 2025. In this context, the Government of India is in the process of adopting a Data Centre policy for...


GST: Submission requesting for relaxation under Rule 96A of CGST Rules for realisation of exports proceeds

GST: Submission requesting for relaxation under Rule 96A of CGST Rules for realisation of exports proceeds

Public Policy
October 26, 2021 4271 0

As per Rule 96A of Central Goods and Services Tax Rules, 2017 (CGST Rules), every exporter exporting goods or services without payment of integrated tax is required to furnish a Letter of Undertaking (LUT). The purpose of furnishi...


MCA: Submission highlighting obligations prescribed under the Companies (CSR) Amendment Rules 2021

MCA: Submission highlighting obligations prescribed under the Companies (CSR) Amendment Rules 2021

Public Policy
October 26, 2021 103 0

The Ministry of Corporate Affairs (MCA) notified the Companies (Corporate Social Responsibility Policy) Amendment Rules, 2021 (CSR Amendment Rules) on January 22, 2021, bringing in several key changes including making CSR complian...


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