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

Fintech Public Policy
January 10, 2020 1818 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 527 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 11427 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 1063 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 1887 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 2419 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 2779 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 4666 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...


Blog

Event Report: NASSCOM-DSCI Consultation on the Personal Data Protection Bill, 2019

Public Policy
December 13, 2019 1132 0 images

Earlier today, NASSCOM and DSCI conducted its first round of member consultations, seeking views on the Personal Data Protection Bill, 2019 (Bill).The Bill which was introduced in the Parliament on 11 December 2019, has been refer...


Blog

Seeking Inputs: TRAI Pre- Consultation Paper (CP) on Enabling Unbundling of Different Layers Through Differential Licensing

Public Policy
December 12, 2019 1992 0

The telecom regulator on 9.12.2019 published a pre-consultation paper on enabling unbundling of different layers (e.g. infrastructure, network, services and application layer) through differential licensing. The unbundling of diff...


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