Other Briefings
RBI Prescribes Eligibility Norms for Small Finance Banks Dealing in Forex
India’s central bank is allowing eligible small finance banks to operate as Authorized Dealer Category I in foreign exchange business.
India’s Account Aggregator Network Makes Financial Data More Accessible, Allows Individual Consent
The account aggregator network enables efficient accessibility to financial data and empowers individuals with control over their personal financial data.
RBI Extends Deadline for Implementation of Card Tokenization Till Sept 30, 2022
By September 30, 2022, digital payments compliance in India will require mandatory deletion of card-on-file details, thereby opening space for fintech disruptors.
Payment Aggregators in India Have Until Sept.30 for License Application
India’s central bank has extended the license application window for payment aggregators that were in existence as of March 17, 2020.
India to Implement Fuel Consumption Standards for All Vehicles from April 1, 2023
India has proposed extending fuel consumption standards to all vehicles, manufactured or imported for sale in the country, from FY 2023-24.
Why Are Industry Players Unhappy with India’s New Cybersecurity Directives?
Among other concerns, India’s new cybersecurity directives, in effect from June 2022, challenge norms of user privacy and dramatically increase compliances.
India’s New Plastic Waste Management Rules Effective from July 1, 2022
Businesses must note that single use plastic will be banned in India from July 1, 2022, and noncompliance will trigger penalties.
What are Smart Contracts and Are They Legal in India?
We explain how smart contracts are executed, how they differ from traditional and electronic contracts, and their treatment under current Indian laws.
