COMPLIANCE
Elections authorities ban dharnas, protests in Leh, Kargil ahead of polls
The Chief Electoral Officer issued an order prohibiting political dharnas and protests in Leh and Kargil. This order is effective until the local municipal elections conclude. The measure aims to maintain a peaceful electoral process during upcoming elections scheduled for November 11 and December 4. Political parties and candidates are instructed to comply with the Model Code of Conduct strictly.
Indonesia tightens scrutiny of language training for foreign workers, plans mandatory proficiency test from February 2027
Indonesia is increasing scrutiny of employers' compliance with mandatory Indonesian language training for foreign workers, although work permit application procedures remain unchanged. Employers must facilitate language education for non-exempt foreign employees, either through in-house programmes or approved institutions. While proof of training completion is not currently required with work permit applications, officials may question workers about their training during permit renewals.
MSME Ministry reviews CPSE procurement from SC/ST enterprises to meet mandated target
A total of 30 public sector undertakings, including Bharat Heavy Electricals Limited, Bharat Electronics Limited, NTPC, Airports Authority of India, BEML, and Coal India Limited, attended the consultations.
Tata Electronics directed to submit detailed Action Taken Report after deaths of three workers at treatment plant
Following the unfortunate deaths of three employees at their Effluent Treatment Plant, Tata Electronics has been ordered to undertake a detailed assessment of their safety protocols. The workers succumbed to toxic gas exposure while performing maintenance tasks. Tamil Nadu authorities are presently inspecting the plant for adherence to safety measures, with state officials voicing condolences and the imperative for immediate assistance to the bereaved families.
AI could eliminate up to 70% of manual risk tasks in banks, free capacity for strategic roles: McKinsey
McKinsey said banks could reinvest half of the capacity released through automation into stronger analytical capabilities, strategic risk advisory and faster portfolio decisions. The remaining capacity could be directed towards specialised AI engineering, data governance and platform development.
Australia to adopt 'mandatory' AI safeguards
Artificial intelligence companies will have to abide by new "mandatory" safeguards when operating in Australia, Prime Minister Anthony Albanese said Tuesday. With immense renewable energy potential and vast stretches of uninhabited land, Australia has billed itself as a prime location for the data centres needed to power artificial intelligence.
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7,000 snack items destroyed, 568 litres of cooking oil dumped, 32 licences suspended: Amid festive rush, FSSAI flags unsafe food practices that could put your health at risk
The Kerala Food Safety Department deployed 56 special squads to inspect food establishments across the state as part of a crackdown on unsafe cooking oil reuse. The 160 inspections resulted in the disposal of 568 litres of used cooking oil and 7,000 snack items. Authorities also suspended 32 licences and issued 23 notices for food safety violations, according to figures shared by FSSAI.
Nvidia controversy stokes export scrutiny risks for South Korean chipmakers
Samsung Electronics and SK hynix could experience greater export compliance challenges due to Nvidia's scrutiny over AI chips. US authorities have not announced new regulations yet, but potential measures might emerge. Chief Executive Jensen Huang's personal matters have spurred investigations into Nvidia's business dealings. A closed-door inquiry is scheduled to review security frameworks and contacts with foreign entities.
FSSAI seizes food products worth Rs 81.8 crore, suspends over 1,100 licences in nationwide drive
FSSAI seized 3,279.57 metric tonnes of food products worth an estimated Rs 81.80 crore and suspended 1,133 licences during a nationwide inspection drive covering 56,431 establishments between September 1 and November 5. The regulator also cancelled 52 licences, sealed 314 establishments and initiated 410 prosecutions over food safety violations.
Gurgaon offices calling more than half of staff to office, violating 50% WFH rule, will be issued show-cause notices; employees can complain on 112
Gurgaon administration has opened two helplines, including 112, for residents to report companies violating the 50% work-from-home requirement. Anonymous complaints will trigger inspections. The move follows show-cause notices to law firms Trilegal and JSA after inspections found more than 60% of their employees working from office.
10,000 notices, 1,133 suspended licences and 3,279 tonnes of seized food: FSSAI's nationwide crackdown exposes food safety violations across India
FSSAI has inspected more than 56,000 food establishments across India as part of a nationwide food safety enforcement drive. The exercise resulted in 10,047 improvement notices, suspension of 1,133 food licences and seizure of 3,279.57 metric tonnes of food products worth an estimated Rs 81.80 crore. Authorities also collected 43,939 food samples, with 2,273 found to be non-compliant.
Maruti Suzuki to set up 12 automated driving licence test tracks in Telangana
Maruti Suzuki has signed a memorandum of agreement with the Telangana transport department for test tracks. The company will set up twelve automated driving licence test tracks across six locations in the state. Each track will feature advanced technology including high-definition cameras and RFID sensors for comprehensive testing. This initiative is part of Maruti Suzuki's corporate social responsibility efforts aimed at improving road safety.
FDA flags persistent data-integrity lapses, insanitary conditions at Indian drug facilities
The US FDA continues to identify serious data integrity issues in Indian pharmaceutical manufacturing facilities. During inspections, inspectors found discarded documents related to key manufacturing processes, highlighting compliance concerns. To ensure safe medicines, drugmakers are urged to scrutinize their supply chains and monitor suppliers effectively. Additionally, human errors contributed significantly to production incidents, affecting operations and batch release timelines.
Tax reporting lapses could risk India's sovereign rating, trigger withholding tax penalties: Income Tax Principal DG Debjyoti Das
Speaking to the media on the sidelines of the 'Summit on Global Financial Compliance (FATCA & CRS)' in Mumbai, Debjyoti Das, Principal Director General of Income Tax (Intelligence & Criminal Investigation), highlighted the growing risks associated with non-compliance in cross-border financial reporting.
SC: Detained beyond 24 hours without magistrate? Release must be immediate
The Supreme Court has ruled that individuals detained for over 24 hours must be released immediately. This ruling specifies that the 24-hour countdown begins at the time of detention. Authorities are required to ensure detention remains reasonable within this timeframe. Magistrates must independently verify compliance with this ruling and document relevant dates and times.
Sebi cancels registrations of 8 investment advisers for non-payment of renewal fees
Sebi has announced relaxed KYC requirements for Non-Resident Indians, Overseas Citizens of India, and foreign nationals. These changes will allow them to complete digital onboarding from FATF-compliant countries effectively. Intermediaries can accept KYC submissions without requiring physical presence in India. Video In-Person Verification is now permitted where in-person verification isn't feasible, enhancing compliance capabilities. The revised framework, effective from December 3, is aimed at simplifying the entire onboarding process.
Supreme Court directs Centre to set up special cell to monitor child labour law
The Supreme Court has instructed the Centre to create a special cell for monitoring child labour law implementation. This special cell is to ensure compliance with the Child Labour (Prohibition and Regulation) Amendment Act, 2016. The Ministry of Women and Child Development is responsible for issuing directions to state enforcement agencies. The court noted the importance of strict enforcement of the amended provisions of the law.
Gurgaon work from home advisory: Half of government & private office staff to work remotely amid pollution; check exemptions and deadline
The Gurugram district administration has directed government and private offices to allow only 50% of their staff to work from the office, with the remaining employees working from home, from November 5 to 20. The measures, announced to curb air pollution, also include restrictions on construction and demolition activities across the district. The order has been issued in compliance with directions from the Commission for Air Quality Management (CAQM).
Rap the app & knock on Nasdaq's door
Indian retail investors can now step into the US stock market using various innovative online platforms. Investment apps like Groww and Zerodha are making it easier for small traders to explore overseas equity opportunities. While the lower entry thresholds encourage wider participation, investors must keep in mind the potential tax ramifications and compliance challenges. Direct investments may offer more control, but they typically bring a complex tax filing process.
Trump's Justice Dept identifies where US election monitors will be in the 50 states
The US Justice Department is set to deploy 1,000 election monitors to all states for Election Day. This deployment marks the largest-ever monitoring effort by the department in its history. The jurisdictions chosen largely favored Democrat Kamala Harris in the previous election. Despite criticism of potential voter intimidation, officials stress that monitoring will focus on compliance with voting rights statutes.
SC flags sale of firecrackers despite restrictions, asks Centre to ensure compliance
The Supreme Court of India has called for strict enforcement of firecracker restrictions in Delhi-NCR. This decision follows a report revealing ongoing sales of both licensed and unlicensed firecrackers. While green firecrackers can be sold and burst on specific dates, the court has mandated designated 'no-cracker zones' around sensitive locations. Authorities must mark and publicize these areas to ensure compliance.
Irdai tightens ESOP norms, share transfer rules for insurers
Irdai has implemented stricter rules regarding employee stock option plans for insurance companies to regulate ownership stakes. Senior executives and directors must seek approval to exceed prescribed shareholding limits under these plans. Insurers are required to monitor direct and indirect share allotments to prevent regulatory breaches.
US green card applications face new tax scrutiny; unpaid dues could affect approval and US citizenship
In a move affecting green card applications, the US Citizenship and Immigration Services has altered its stance on tax compliance. Unpaid taxes and unfiled returns could jeopardise an applicant's chances of approval, as immigration officers will closely evaluate tax history. This change extends to US citizens sponsoring relatives and has sparked legal disputes about its conformity to existing regulations.
Sebi to release FII compliance consultation paper within weeks, says chairman Tuhin Kanta Pandey
Sebi is likely to release a consultation paper on foreign investor compliance requirements within weeks, chairman Tuhin Kanta Pandey said. The proposed document will explore aligning Indian norms with global standards amid heavy FII outflows. The regulator is also planning a capacity-building network to strengthen independent directors’ effectiveness.
Odoo 20 strengthens business operations with deeper India-specific compliance features
Odoo 20 has launched several updates designed specifically for Indian businesses. These updates focus on enhancing GST compliance, payroll processing, and accounting workflows to meet local demands. The integration of AI facilitates improved data handling and analysis in everyday operations, ultimately boosting productivity.
ICAI to issue guidance note for auditing multi-state cooperatives
ICAI will issue a guidance note for auditors of multi-state cooperative societies following the government's notification of the Multi-State Co-operative Societies (Auditor's Report) Order, 2026. The guidance will standardise audit practices, strengthen regulatory compliance and help identify financial irregularities and governance risks. The new framework will be implemented in phases.
Blackstone-backed ASK Group appoints Nehal Shah as Group Head of Legal, Compliance and Secretarial
Blackstone-backed ASK Asset & Wealth Management Group has appointed Nehal Shah as group head of Legal, Compliance & Secretarial to strengthen its regulatory compliance and corporate governance functions. Shah brings over two decades of experience across financial services and capital markets.
Agentic AI can cut banks' transaction monitoring workload by up to 50%, improve compliance quality: McKinsey
Banks could reduce the human effort required for transaction monitoring investigations by 30-50% by deploying agentic artificial intelligence (AI), while improving the quality and consistency of compliance reports, according to a report by McKinsey.
4,694 compliance gaps across 52 workplaces, nearly half carrying risk of imprisonment: Report
Audits conducted across numerous states and union territories unveiled significant compliance deficiencies at every examined site, with several infractions possibly leading to jail time. The primary issues identified pertained to labour and environmental regulations, signifying deep-rooted risks for the enterprises involved.
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