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Policy Brief: Highlights of the Steering Committee’s Report on Fintech Related Issues

Fintech Public Policy
September 4, 2019 1530 0 images

ContextOn 2 September 2019, a Steering Committee headed by Secretary, Department of Economic Affairs (DEA), Ministry of Finance submitted its final report on fintech related issues to the Finance and Corporate Affairs Minister Nir...


Blog

Member Update: RBI extends full KYC deadline for PPIs

Public Policy
September 3, 2019 962 0

On 30 August 2019, the Reserve Bank of India (RBI) granted six months’ extension to Prepaid Payments Instruments (PPI) issuers, including digital wallets, to do full KYC of its customers. The move came a day before the end of the ...


Blog

Consolidated Circular for ease of compliance of Start-ups

Public Policy
September 3, 2019 592 0

In order to provide hassle-free tax environment to the Start-ups and boost the overall eco-system, series of announcements have been made by Hon’ble Finance Minister in her Budget Speech of 2019 and on 23rd August, 2019. To give e...


Blog

Seeking Inputs: Amendments to PF Act, 1952

Public Policy
August 28, 2019 1046 0

The Ministry of Labour and Employment has published draft The Employees’ Provident Funds and Miscellaneous Provisions (Amendment) Bill 2019, seeking stakeholder’s inputs. Following are the some of the key amendments proposed.Defin...


Blog

Karnataka Government notifies Karnataka Maternity Benefit (Amendment) Rules 2019

Public Policy
August 22, 2019 4276 0 images

The Government of Karnataka has notified the Karnataka Maternity Benefit (Amendment) Rules 2019 pertaining to Creche facilities. The Rules are applicable to commercial establishment with 50 or more employees in the State.  They ha...


Blog

Policy Update: Finance Ministry introduces digital KYC under PMLA

Public Policy
August 21, 2019 4264 0 images

ContextThe Ministry of Finance (Department of Revenue) has introduced digital KYC (know your customer) by amending the Prevention of Money-laundering (Maintenance of Records) Rules, 2005, it said in a gazette notification dated 19...


Blog

Committee Report on New Direct Tax Code

Public Policy
August 21, 2019 1532 0

On August 19, 2019, task force headed by Akhilesh Ranjan, Member, Central Board of Direct Taxes (CBDT) submitted its report to Finance Minister Nirmala Sitharaman. This is a significant development as the report seeks to replace 5...


Blog

Nasscom's Recommendations on Promoting R&D Ecosystem for IT & BPM Industry in India

Public Policy
August 21, 2019 1292 0

Nasscom recently submitted its recommendations to the Office of the Principal Scientific Adviser (PSA) on promoting R&D ecosystem for IT & BPM industry in India. Please find below the key highlights from our recommendation...


Blog

Sabka Vishvas (Legal Dispute Resolution) Scheme, 2019

Public Policy
August 19, 2019 1167 0 images

The Finance Minister in her maiden budget introduced Sabka Vishwas (Legacy Dispute Resolution) 2019 (LDRS) in order to “unload the baggage of more than INR 3.75 lakh crores blocked in litigation in service tax and excise and allow...


Blog

Policy Update: RBI changes NEFT timings, expands the scope of BBPS, among others

Public Policy
August 9, 2019 933 0

ContextOn 7 August, the Reserve Bank of India (RBI) announced a slew of policy measures aimed at accelerating the adoption of digital payments in the country. These include, revision of National Electronic Funds Transfer (NEFT) ti...


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