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NASSCOM’s Recommendations for Data Centre Policy

Public Policy
May 22, 2020 1785 0 images

Globally, data is being created at an unprecedented pace. Global Datasphere, which is the total amount of data created, stored and replicated is estimated to grow from 33 ZB in 2018, to 175 ZB by 2025.[1] Given this trend, there i...


Blog

Ministry of Finance clarifies that the provisions of section 269SU of the Income-tax Act shall not be applicable to B2B transactions

Public Policy
May 21, 2020 1725 0 images

ContextIn a move towards a less-cash economy, a new provision namely Section 269SU was inserted in the Income-tax Act, 1961, vide the Finance (No.2) Act 2019. This section requires every person carrying on business and having sale...


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Guidelines on preventive measures to contain spread of COVID-19 in workplace settings

Public Policy
May 21, 2020 455 0

The Ministry of Health & Family Welfare has issued Guidelines on preventive measures to contain spread of COVID-19 in workplace settings (link here). The guidelines, apart from detailing the preventive measures, provides clari...


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NASSCOM’s Policy Recommendations: Harnessing the potential of Work from Home

Public Policy
May 21, 2020 8164 0 images

[Image source (here)]NASSCOM has recently submitted its recommendations to the Government of India on enabling Work from Home (WFH) and harnessing its potential. NASSCOM had in the past (i.e. before the advent of the SARS-CoV-2 pa...


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EPFO issues detailed FAQs on Reduction in Statutory rate of EPF contribution from 12% to 10%

Public Policy
May 21, 2020 785 0

Dear Members,This is in furtherance to our earlier update (also available here) on the reduction in statutory contribution rate of EPF as notified by the labour ministry.Post update, many members reached out to NASSCOM, seeking cl...


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Labour Ministry notifies reduced PF contribution rate for next three months

Public Policy
May 19, 2020 448 0 images

The Hon’ble FM on May 13, 2020, had announced reduction in the PF contribution rate from 12% to 10%, as a measure to reduce the cash flow challenges faced by employers and employees due to the current Covid-19 crisis. The official...


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Covid-19: Representation to DGFT on extending the SCOMET Authorisation Period

Public Policy
May 19, 2020 847 0

On 19th May 2020, NASSCOM submitted a representation to Directorate General of Foreign Trade (DGFT), with a request to extend the validity period of all export authorisation of items specified under Special Chemicals, Organism, Ma...


Blog

Request for Inputs on GST issues faced by IT-BPM Industry

Public Policy
May 19, 2020 343 0 images

As you may be aware, NASSCOM submits a consolidated memorandum to GST Council highlighting key issues faced by member companies in respect of GST across India. The last GST memorandum was submitted in January 2020. The same is att...


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Orders and advisories related to payment of wages for the lock down period

Public Policy
May 18, 2020 787 0

Ministry of Home Affairs (MHA) order and the Ministry of Labour and Employment (MoLE), has issued orders and advisories related on payment of wages for the lock down period, which has been challenged in Court.Details of Govt Order...


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Economic package : Part 1 - Important announcements relevant to the IT sector

Public Policy
May 14, 2020 935 0

On 13th May, the Finance Minister made the first set of announcements, on the economic package. The measures focused on providing much needed liquidity infusion, esp for the MSME sector. Given the cash flow constraints faced by MS...


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