The Union Cabinet approved[1] the National Policy on Software Products, 2019[2] (“Policy”) on 28.02.2019. The Policy aims “to develop India as a software product nation and a global leader in conception, design, development and production of software products.”[3] The Policy will be implemented by the Ministry of Electronics and Information Technology (“MeitY”)[4] in collaboration withRead more
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I. Preliminary The National Policy on Electronics 2019 (“Policy”)[1] was released by the Ministry of Electronics and Information Technology (“MeitY”)[2] on 25.02.2019. The Policy, which recognises the electronics industry as the “world’s largest and fastest growing industry”[3], seeks to “position India as a global hub for Electronics System Design and Manufacturing (“ESDM”) by […]Read more
Introduction Hemp, the lesser known cousin of marijuana, has been in the news for all the right reasons lately. The industrial and medicinal uses of the plant have been in the spotlight ever since the United States Senate voted to legalise the cultivation, processing and sale of industrial hemp in June 2018.[1] In IndiaRead more
I. Introduction The Supreme Court’s ban on the sale of alcohol within 500 meters of state and national highways in 2016 caused a significant crunch in the physical retail space available to alcohol vendors in India.[1] Players in the alcohol industry thus began to look to e-commerce as an opportunity for growth. In particular, theRead more
In the last few years, angel tax has caused considerable concerns within the startup community in India. Changes initiated to address such concerns in the angel tax framework has created uncertainty within the startup ecosystem. A timeline of the devleopments related to angel tax is available here. This article deconstructs the existing framework governing angelRead more
Angel tax has been a cause of concern in the startup and angel investor community since 2012. It is a tax levied on investments in startups by treating the investment, or a part of the investment, as taxable income under the Income Tax Act, 1961. Following is a timeline of the important developments in relationRead more
Position of Regulators Dharmendra Pradhan, the Minister for Petroleum and Natural Gas, had first floated the idea of incorporating e-commerce into fuel delivery via a series of tweets on April 21 last year.[i] As per his tweets, door-to-door delivery of petro-products on pre-booking would help consumers save time and avoid long queues at petrolRead more
This article highlights key takeaways for startups and micro, small and medium enterprises (MSMEs) from the Draft Defence Production Policy, 2018 (available here.), published by the Ministry of Defence, Government of India. (Note: the paragraph numbers in the parentheses below refer to those in the Draft Defence Production Policy, 2018) 1. Turnover and prior experienceRead more
Increasing representation of women in technology domains and startups, and its associated benefits, has become a focal point of discussions surrounding entrepreneurship, borne out by the theme of 8th edition of the annual global entrepreneurship summit, 2017 – ‘women first, prosperity for all’. As part of our efforts to engage with women working in the domain of emerging technology andRead more
The 2018 budget featured a number of announcements that may be of interest to anyone engaged with the technology sector or the startup ecosystem. This note takes a look at some of these announcements in order to identify how the business environment may be impacted by the 2018 Budget Economic Growth in the last year:Read more