Policy Advocacy

Given India’s overwhelming workforce both in the formal and informal sector, gig workers have always been part and parcel of our economy. This is necessary given the size of the informal workforce and difficulties in creating enough salaried jobs. However, the term “gig worker” has reacquired attention over the last decade with their growing participation in the platform economy (cab aggregators, food delivery, logistics). A recent

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The Reserve Bank of India (RBI) has recently released draft regulations and directions to rationalise export and import regulations under the Foreign Exchange Management Act, 1999 (FEMA) for public consultation. The proposed regulations are intended to

We have made a representation to Ministry of Commerce and Industry (MoCI) highlighting the following operational and procedural issues being faced by units in Special Economic Zones (SEZ):

Dear All,

Pursuant to 53rd GST council meeting held on June 22, 2024, the Central Board of Indirect Taxes and Customs (CBIC) has issued 16 circulars to give effect to the decisions taken in the 53rd council meeting. Summary of the circulars relevant from our industry perspective is as follows:

Circular 207/1/2024-GST - Fixing monetary limits for filing appeals or applications by tax department

Securities and Exchange Board of India (SEBI) has released a consultation paper for facilitating ease of doing business and harmonisation of provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (LODR regulations) and SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (ICDR Regulations).

The consultation paper suggests amendments on the following aspects:

Based on inputs from the industry, Nasscom has submitted a detailed memorandum of suggestions for the Union Budget 2024-25 (Budget) to Ministry of Finance.

Our Budget suggestions are encapsulated under the following broad categories:

The Goods and Services Tax (GST) Council convened the 53rd council meeting on June 22, 2024 after eight-months. The Council's recommendations include amendments to GST law entailing rate rationalisation, clarifications on various issues and simplification of compliance process to facilitate ease of doing business. Some of the important GST asks from our industry perspective have been resolved. Nasscom had been advocating on these issues for more than a year, highlighting the challenges faced

Pursuant to nasscom’s effort, the Government of Telangana has extended the exemption to the IT-BPM industry from the Telangana Shops and Establishments Act, 1988 for a duration of 4 years w.e.f May 30, 2024. Please see the attached exemption notification dated June 07, 2024 for further details.

This exemption is pursuant to the exemption granted last year i.e., 2023 (G.O. Ms. No.

Pursuant to nasscom’s effort, the Government of Karnataka has extended the exemption to the IT-BPM industry from the Industrial Employment (Standing Order) Act, 1946 for a duration of 5 years, till June 10, 2029 or till such time as the Industrial Relations Code, 2020 is implemented. Please see the attached exemption notification.

This exemption is crucial for the IT-BPM industry as the provisions

Background

In today’s information era, resource sharing is imperative to keep up with dynamic and radical growth of technology. The concept of owning and maintaining Information Technology (IT) infrastructure for data storage and processing is not efficient. This has led to the emergence of ‘cloud computing’ services.

Cloud computing services refer to delivery of computing resources, such as software, storage, processing power, and databases, over the internet (the cloud) rather

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