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in Focus
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MEITY
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Revision of IT Policy 2012
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MEITY is in the process of framing a new IT policy (existing National IT Policy, 2012) to address the present challenges and create a vision to continue and accelerate the growth of the Indian IT industry. On May 21, 2024, a kick-off round table with industry Associations was convened under the chairmanship of Secretary, MEITY, Shri. S. Krishnan. At the roundtable, nasscom presented their views on issues related to talent access, EoDB, fostering R&D, nurturing tech start-ups, etc. We look forward to working closely with the government and industry to contribute to the exercise of framing a future proof new IT policy. To send us your suggestions on the subject, kindly write to us at policy@nasscom.in.
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SUBMISSIONS AND REPRESENTATIONS
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MCA
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Committee on Digital Competition Law Report and draft Digital Competition Bill, 2024
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Nasscom submitted feedback on the Report of CDCL and draft DCB on May 15, 2024. Our overall position is that before government adopts a new ex-ante law, it requires more in-depth examination of the existing framework, how to strengthen it and better understanding of market realities/concerns. Also, we highlighted the need for empirical evidence to analyse the need of an ex-ante law including the impact of such intervention on the MSMEs/start-up ecosystem.
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MOF
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Submissions - Measures to improve ease of doing business under GST, corporate tax and transfer pricing
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Pursuant to us meeting with the MOF on April 26 and 27, we have made detailed submissions on key measures to improve EODB under GST and corporate tax and increase the global competitiveness of India's transfer pricing regime. These include suggestions on the following:
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GST Issues -
Review of the concept of intermediary services under the GST, levy of GST on share-based payment to employees, free of cost supply of intangibles, need for rationalising the rate of TCS to ease working capital for sellers on ecommerce, enabling the concept of virtual place of business for sellers tagged to the locations of the warehouses of e-commerce operator, amongst others.
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Read More
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Corporate Tax - Tech-related and procedural issues including automatic adjustment of refund against outstanding tax demands, erroneous processing of tax returns, non-availability of One-Time Password on official email-id of non-resident while filing Form 10F.
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Read More
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Transfer Pricing -
Need for expanding the scope of the safe harbour regime and reducing the prescribed profit margins to bring them in line with global trends, reducing the time taken to conclude the Advance Pricing Agreements (APAs).
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RBI
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Draft Directions for Regulation of PA
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We submitted feedback to RBI on the draft amendments to the PA-PG Guidelines and the draft regulation of PA-point of sale. Our feedback highlighted concerns with the draft amendments with a view to minimising unintended consequences on legitimate business practices and adopting least burdensome measures that achieve the desired objective. We also sought certain clarifications from RBI to minimise ambiguity and enable effective compliance by the industry.
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DPIIT
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IPR concerns for Start-ups
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On May 07, 2024, nasscom submitted the feedback to DPIIT on improving the Indian patent regime for start-ups. Our suggestions included strengthening the support for international filing, adding details about the area of expertise of facilitators under SIPP, improving the Indian patent search service, and bringing procedural improvements at the Indian Patent Office. For more information, kindly write to policy@nasscom.in.
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Rajasthan Government
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Rajasthan IT Policy
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We provided feedback to Rajasthan Government on the draft state IT policy. The feedback consisted of measures to promote ease of doing business, skilling, Engineering, Research & Development, regular engagement with stakeholders and annual review of the policy. For more information kindly write to policy@nasscom.in.
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Kerala Government
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Kerala IT Policy
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We provided feedback to Kerala Government on the draft state IT policy. The feedback consisted of measures to promote ease of doing business, support for small and medium enterprises, support for existing businesses, skilling, Engineering, Research & Development, regular engagement with stakeholders and annual review of the policy. For more information kindly write to policy@nasscom.in.
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Karnataka Government
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Karnataka GCC Policy
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Pursuant to our meeting with the Karnataka IT department on the state GCC policy, we have made a detailed submission on key policy imperatives which should be included in the Karnataka GCC policy.
These include measures to boost:
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Infrastructure development in Tier II/ Tier III cities
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Skill development to enable industry-ready talent trained on new/emerging skills and capabilities such as Gen AI, Machine Learning, Robotic Process Automation, etc.
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Fiscal incentives such as support for capital and operating expenditure, stamp duty exemption, electricity duty incentive, etc.
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DIALOGUE & DISCUSSION
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DPO & Nagarro Event
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AI Governance in India: Balancing Innovation and Regulation
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At this knowledge sharing session with the industry, Ashish spoke about nasscom's initiative of developing voluntary industry good practices for responsible AI. He discussed the need for better understanding of cases of AI malfunction in India and assessing the associated risk. Given the emerging nature of the technology, he made a case for non-binding guidance as a tool that the regulators and government may consider in situations which required demonstration of compliance or a certain kind of behaviour from the firms.
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EPFO
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Meeting with Central Provident Fund Commissioner
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On May 22, 2024, nasscom facilitated a stakeholder meeting with the EPFO to discuss measures on streamlining the existing processes. The meeting was chaired by the CPFC, Ms. Neelam Shami Rao. The issues discussed included UAN generation for employees on foreign deputations, locked and deactivated accounts, problems with data corrections and joint declaration. The EPFO noted the challenges and assured to work closely with the industry to resolve them.
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DoCA and BIS
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Meeting to discuss the Indian Standard on Online Consumer Reviews
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We participated in a meeting with BIS and DoCA to discuss the way forward for curbing the issue of fake and manipulative online reviews. DoCA discussed the need for mandating the Indian Standard titled titled ‘Online Consumer Reviews — Principles and Requirements for their Collection, Moderation and Publication’. We highlighted that the industry is aligned on the objective of the standard, i.e., to resolve fake and manipulative online reviews, however, there are concerns with the implementation of the Standard due to its prescriptive nature.
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NEW & UPCOMING
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Call for Inputs: Feedback on Indian Standard on Online Consumer Reviews
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We are seeking industry's feedback on the concerns with the implementation of the Indian Standard titled 'Online Consumer Reviews — Principles and Requirements for their Collection, Moderation and Publication'. Kindly write to policy@nasscom.in to share your inputs.
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