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NASSCOM Fintech Policy Roundtable on MDR and Digital Payment Adoption | 17th January in Mumbai

Fintech Public Policy
January 11, 2020 861 0

Dear Members,Over the last few days, major developments have taken place pertaining to the zero MDR announcement, such as:Businesses with turnover of more than ? 50 crore have to mandatorily provide facilities for accepting paymen...


Blog

Event Update-NASSCOM-DSCI Consultation Series on the Personal Data Protection Bill, 2019 (Session 4 - Bengaluru)

Public Policy
January 11, 2020 1013 0

Dear Members,The Personal Data Protection Bill, 2019 (PDP Bill, 2019), which was tabled in the Lok Sabha on 11 December, 2019, now stands referred to a Joint Parliamentary Committee (JPC) of both houses of the Parliament, chaired ...


Blog

Policy Brief: RBI permits video-based customer verification to address KYC challenges faced by the fintech industry

Fintech Public Policy
January 10, 2020 1770 0 images

ContextOn 9 January 2020, in a welcome step, the Reserve Bank of India (RBI) issued a circular to amend the Master Direction on know-your-customer (KYC). The circular enables leveraging of digital channels for Customer Identificat...


Blog

Formulation of Startup Advisory Council to address regulatory issues of startups

Public Policy
January 9, 2020 523 0

The Department for Promotion of Industries and Internal Trade (DPIIT) recently decided to constitute a startup advisory council to study various regulatory issues impacting growth of startups in India. These, amongst others, will ...


Blog

MCA Clarification on CSR: Unspent CSR amount must be carried forward and spent

Public Policy
January 8, 2020 11390 0

As per section 135 of Companies Act, 2013 (“Companies Act”), every company having net worth of INR 500 crore or more, or turnover of INR 1000 crore or more or net profit of INR 5 crore or more during the immediately preceding fina...


Blog

NASSCOM’s Representation to GST Council on key issues faced by IT-BPM industry

Public Policy
January 6, 2020 1018 0 images

Based on inputs from our members, NASSCOM has submitted a detailed note to GST Council highlighting suggestions to address GST related issues faced by IT- BPM industry. The suggestions are divided into three categories:Change in G...


Blog

Seeking Inputs: Labor Codes on Social Security and Industrial Relation 2019

Public Policy
January 3, 2020 1886 0

Dear Members,As you are aware, the Government is undertaking labour reforms to rationalize and simplify existing labor laws by codifying them into four Labour Codes i.e. Codes—on wages, social security, industrial relations, and h...


Blog

Policy Brief: Highlights of the new type of semi-closed PPI introduced by RBI

Public Policy
December 26, 2019 2402 0

ContextOn 24 December, the Reserve Bank of India (RBI) released the specifications of the new type of semi-closed PPI. The Central Bank said that the directive is issued under Section 18 read with Section 10(2) of Payment and Sett...


Blog

Special Economic Zones (3rd Amendment) Rules, 2019

Public Policy
December 23, 2019 2667 0 images

The Ministry of Commerce, vide issue of Notification No. G.S.R 940(E) dated December 17, 2019, notified the Special Economic Zones (3rd Amendment) Rules, 2019. By issue of this notification, the Government recently announced refor...


Blog

NASSCOM Submits Pre-Budget Memorandum 2020

Public Policy
December 16, 2019 4662 0 images

Earlier today, NASSCOM shared its Pre-Budget Memorandum with the Ministry of Finance, at the first pre-budget consultation on the Digital Economy, ahead of the Union Budget 2020.The Memorandum, prepared on the basis of inputs rece...


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