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Update: Haryana Government approves Haryana Data Centre Policy, 2022

Update: Haryana Government approves Haryana Data Centre Policy, 2022

Public Policy
June 30, 2022 591 0

Based on news reports, the Haryana government has recently approved the Haryana Data Centre Policy (Policy). This is to make Haryana a preferred destination for setting up such facilities, and help the state emerge as a global dat...


Update: RBI releases ‘Report of the Regulations Review Authority 2.0’

Update: RBI releases ‘Report of the Regulations Review Authority 2.0’

Public Policy
June 30, 2022 238 0

Backdrop The Reserve Bank of India (RBI) had setup the Regulations Review Authority 2.0 (RRA 2.0) with the objective of reducing the compliance burden on regulated entities by streamlining the regulatory instructions and ...


GST Update: Key Recommendations of 47th Meeting of the GST Council

GST Update: Key Recommendations of 47th Meeting of the GST Council

Public Policy
June 29, 2022 297 0 images

The 47th meeting of the GST Council concluded today in Chandigarh under the chairmanship of Finance Minister Smt. Nirmala Sitharaman. The focus of the  47th Council meeting was on report of four Group of Ministers (GoM) on Ra...


Response to SEBI's Consultation Paper on Pre-Filing Offer Document in case of IPO

Response to SEBI's Consultation Paper on Pre-Filing Offer Document in case of IPO

Public Policy
June 27, 2022 182 0

On June 6, 2022, NASSCOM made a submission to Securities Exchange Board of India (SEBI) in response to the Consulation Paper on Pre-Filing of Offer Document in case of an Initial Public Offering (IPO). In our submission, we welcom...


Update: RBI extends timeline for purging card-on-file data by three months

Update: RBI extends timeline for purging card-on-file data by three months

Public Policy
June 24, 2022 180 0

  The Reserve Bank of India (RBI) has granted an extension to purge card-on-file (CoF) data by three months i.e., September 30, 2022. Prior to this, RBI had granted an extension for the same ahead of December 31, 2022 dead...


Call for inputs: Draft Master Direction on Outsourcing of IT Services by Reserve Bank of India

Call for inputs: Draft Master Direction on Outsourcing of IT Services by Reserve Bank of India

Public Policy
June 24, 2022 277 0

The Reserve Bank of India (RBI) in its statement on Developmental and Regulatory Policies had sated that the “financial system is seeing extensive leveraging and outsourcing of critical IT services by regulated entities” and that ...


Reserve Bank of India (RBI): Representation on facilitating compliance with Card-on-file Tokenisation

Reserve Bank of India (RBI): Representation on facilitating compliance with Card-on-file Tokenisation

Public Policy
June 24, 2022 139 0

In compliance with the PA/PG guidelines, merchants and payment aggregators (PAs) will be required to purge stored card data on June 30th i.e., a week from now. The RBI had granted an extension to the industry for the same by six m...


Update: Reserve Bank of India publishes ‘Payments Vision-2025’

Update: Reserve Bank of India publishes ‘Payments Vision-2025’

Public Policy
June 24, 2022 226 0

Backdrop Recently, the Reserve Bank of India (RBI) has published its latest Vision Document 2025 (Document). The Document builds on the Payments Vision 2019-21 and outlines the thought process for the period upto December ...


Update: Issue of Circular to provide guidelines in relation of deduction of tax at source on transfer of virtual digital assets

Update: Issue of Circular to provide guidelines in relation of deduction of tax at source on transfer of virtual digital assets

Public Policy
June 24, 2022 141 0 images

The Central Board of Direct Taxes recently issued Circular No. 13 of 2022 dated June 22 providing clarification in relation to applicability of Tax Deduction at Source (TDS) provisions on transfer of Virtual Digital Assets (VDA) u...


Update: Issue of Circular to provide guidelines in relation of deduction of tax at source on benefit or perquisite in respect of business or profession

Update: Issue of Circular to provide guidelines in relation of deduction of tax at source on benefit or perquisite in respect of business or profession

Public Policy
June 24, 2022 313 0 images

The Central Board of Direct Taxes recently issued Circular No. 12 of 2022 dated 16 June providing clarification in relation to applicability of Tax Deduction at Source (TDS) provisions on benefit/ perquisite in respect of business...


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