-The Indian Express The Double Taxation Avoidance Agreement (DTAA) was signed between India and Mauritius in 1982. Under this, any entity could apply for tax residency and pay zero capital gains tax. This became the principal reason why Mauritius emerged as a top channel for investments being routed into India. After Swiss Leaks, Panama Papers and Paradise Papers, come documents from Mauritius — over 200,000 emails, contracts and bank statements that...
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Privacy Breach? Transport Ministry Selling Driving License, Vehicle Registration Data To Commercial Firms -Siddhartha Mishra
-Outlook The government got Rs 65 crore by selling data of approximately 25 crore vehicle registrations and 15 crore driving licences. However, is selling this data legal? Is the data actually ‘public’? Isn't it intrusion on privacy? On July 8, the Minister of Road Transport and Highways Nitin Gadkari responded to an unstarred question by Congress Rajya Sabha MP Husain Dalwai on details of data sold by the government “by providing access...
More »Creating a fair digital payments market -Padmashree Gehl Sampath
-The Hindu Local firms will be at a disadvantage if big tech Companies are given plum roles Since early last year, WhatsApp has busily piloted its payment system in India. WhatsApp Pay relies on the Indian government’s Unified Payments Interface (UPI) system to facilitate inter-bank transactions. Regulatory approval that would allow its nation-wide introduction is stuck on one point: the Indian government has asked WhatsApp to localise all data processing related to...
More »CPCB pulls up 52 firms over handling of waste -Jacob Koshy
-The Hindu They have not set collection targets The Central Pollution Control Board (CPCB) has pulled up 52 Companies — including Amazon, Flipkart, Danone Foods and Beverages and Patanjali Ayurved Limited — for not specifying a timeline or a plan to collect the plastic waste that results from their business activities. The Plastic Waste Management Rules, 2016, (which was amended in 2018) prescribed by the Union Environment Ministry, says that Companies that use...
More »Rajya Sabha clears bill on voluntary use of Aadhaar as ID proof -Shreya Nandi
-Livemint.com * The law ensures that no one is denied any service for not having Aadhaar as ID proof * An Aadhaar holder can now opt for offline verification through QR code with consent The Rajya Sabha on Monday passed The Aadhaar and Other Laws (Amendment) Bill, 2019, allowing voluntary linking of the 12-digit identification number as part of know your customer guidelines to open bank accounts or get a mobile connection. The law...
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