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NASSCOM-Industry consultation on Card on File Tokenisation

NASSCOM-Industry consultation on Card on File Tokenisation

Public Policy
December 9, 2021 329 0

The Guidelines for Payment Aggregators and Payment Gateways (PA/PG) prohibit merchants and payments aggregators from storing card details after December 31. To this effect, on September 07, the RBI allowed Card-on-File tokenisatio...


‘Digital India’ - Enabling A Datacenter Ecosystem

‘Digital India’ - Enabling A Datacenter Ecosystem

nasscom insights Public Policy Cloud Computing
December 7, 2021 1001 0

Telecom, Pharmaceuticals, Automotive, and IT Services, for the majority of the past two decades, have been seen as the flag-bearers of the so-called 'Sunrise Sectors' in India. It has been sometime since these were the trending th...


Call for inputs: NITI Aayog's discussion paper on a regulatory regime for digital banks

Call for inputs: NITI Aayog's discussion paper on a regulatory regime for digital banks

Public Policy
December 3, 2021 310 0

In November, the NITI Aayog released a discussion paper on ““Digital Banks – A Proposal for Licensing and Regulatory Regime for India” (Discussion Paper). It describes the need for, and components of, a proposed regulatory regime ...


SEBI and MCA: Suggestions towards easing provisions related to buyback of own securities

SEBI and MCA: Suggestions towards easing provisions related to buyback of own securities

Public Policy
December 2, 2021 344 0

Globally, companies have been resorting to buyback of their own equity shares to return surplus cash to shareholders. It is increasingly being preferred by companies over dividends as a tool to manage capital structure, thereby re...


MoF: Clarifications on deduction and collection of tax at source under S.194-O, 194Q & 206C(1H) of Income Tax Act, 1961

MoF: Clarifications on deduction and collection of tax at source under S.194-O, 194Q & 206C(1H) of Income Tax Act, 1961

Public Policy
December 1, 2021 251 0 images

Central Board of Direct Taxes (CBDT) recently issued Circular 20 of 2021 dated November 25, 2021 to issue further guidelines for applicability of S.194-O, S.194Q, and S.206C(1-I) of Income Tax Act, 1961. The Finance Act, 2020 and ...


NASSCOM's response to SEBI Consultation Paper on review of public issue framework

NASSCOM's response to SEBI Consultation Paper on review of public issue framework

Public Policy
December 1, 2021 303 0 images

NASSCOM made a submission to Securities Exchange Board of India (SEBI) in response to the Consultation Paper on Review of certain aspects of Public issue framework under SEBI (Issue of Capital and Disclosure Requirements) Regulati...


Request for Inputs: Challenges being faced due to SEZ Instruction 95 dated 11th June 2019

Request for Inputs: Challenges being faced due to SEZ Instruction 95 dated 11th June 2019

Public Policy
November 30, 2021 435 0 images

This is with regard to representations made by us on difficulties faced by SEZ units post issuance of Instruction 95 dated 11th June 2019 by Ministry of Commerce and Industry which restricts benefit of taxes on cafeteria, crèche, ...


India and US agree on transitional approach of 2% Indian Equalisation Levy and US trade actions

India and US agree on transitional approach of 2% Indian Equalisation Levy and US trade actions

Public Policy
November 29, 2021 277 0

India and United States of America (USA) recently have reached an agreement to adopt a transitional approach on 2% Equalisation levy (2% EL). This was announced vide issue of press release dated November 24, 2021 by Indian Ministr...


Call for inputs: RBI’s report of the working group on digital lending

Call for inputs: RBI’s report of the working group on digital lending

Public Policy
November 25, 2021 372 0

Call for inputs: RBI’s report of the working group on digital lending Backdrop In January 2021, the Reserve Bank of India (RBI) had constituted a working group (WG) on digital lending including lending through online pl...


Joint Parliamentary Committee on Personal Data Protection Bill adopts report

Joint Parliamentary Committee on Personal Data Protection Bill adopts report

Public Policy
November 25, 2021 539 0

Introduction As per news reports, (see here, here), the Joint Parliamentary Committee (JPC) on the Personal Data Protection (PDP Bill) has adopted a final report on the PDP Bill. Several members of the JPC have also filed disse...


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