In this post, we unpack the history of the cannabis plant, and the FSSAI’s acknowledgement of cannabis derivatives under the category of food. What’s legal but seems almost illegal? For the investors on Shark Tank India[i], it’s hemp businesses. While, there’s not much that hasn’t already been said about the TV show, but there’s aRead more
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India’s data protection law is close to being finalised. The Joint Parliamentary Committee (JPC) examining the Personal Data Protection Bill 2019 (PDP Bill) submitted its report (Report) in Parliament in December 2021. The JPC has recommended a fresh version of the law- the Data Protection Bill, 2021 (DP Bill). The change in the name ofRead more
‘Help will always be given to those who petition for it’– The Karnataka High Court lifted the blanket ban on online gaming in the state, after the industry challenged the state’s power to impose such a ban. We also have some news for our readers who want to know if crypto is legal after theRead more
“Cryptos have no underlying assets, not even a tulip.” –Shaktikanta Das Ouch. That’s the RBI Governor, not mincing his words. Like everyone else, we’ve been poring over the Budget announcements on crypto-assets. The euphoria in the crypto-verse was short-lived. Crypto-assets haven’t been outlawed; but that’s about it. The proposed tax-rates and structure aren’t – toRead more
As we get more clarity with a definition of cryptocurrencies and digital assets, it might cause headaches to another burgeoning industry in India – online video games. Finance minister Nirmala Sitharaman’s announcement in the 2022 Union Budget of proposing a 30% tax on digital assets and cryptocurrencies has brought a flurry of reactions. Proponents ofRead more
Ikigai Law and the Public Health Foundation of India (PHFI) organised a panel discussion on ‘Matters of Accountability – ‘Regulatory Framework for driving safe digital healthcare adoption in India’. This discussion was a part of PHFI and IDS’s three-part series ‘Digital Health interventions through a Health System Lens: preparing for inclusive, integrated and accountable digitalRead more
In this blog post, we discuss the key changes from the Budget which impact the cryptocurrency sector. The Indian Finance Minister announced the annual financial statement (Budget) for the financial year 2022-23 on February 1. The Budget introduced some important developments for the cryptocurrency sector. The changes announced largely revolve around income tax on earningsRead more
In this blog post, we take a look at the key highlights from the Union Budget 2022-23, as tabled by the Union Finance Minister in the Parliament of India on 01 February 2022. On 1 February, Indian Finance Minister Nirmala Sitharaman (FM) announced the Union Budget (Budget) for FY 2022-23 and described its key takeawaysRead more
This post dives into the trade margin rationalisation approach for price regulation of medical devices, and suggests ways to increase transparency while using the approach. Background: In July 2021, the National Pharmaceutical Pricing Authority (Pricing Authority), through a notification (July 2021 notification) announced that it would regulate the prices of five medical devices: (i) pulseRead more
Hi there! We share our first tech ticker of the year with some reason for cheer. We are pleased to share that we are ranked as one of India’s best law firms for data protection, with Nehaa designated as a ‘Leading Individual’ in the same category, by The Legal 500. We are also highly rankedRead more