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TEAMLEASE REGTECH REPORT
Over 2,000 filings a year: The compliance cost of India's GCC boomIndia leads the world in Global Capability Centres, but these innovation hubs face over 500 legal rules and 2,000 annual filings. This comp...
Public sector banks may approach RBI seeking changes in climate finance rulesPublic sector banks are set to propose changes to the RBI's climate finance guidelines, citing a lack of incentives for green deposits. Len...
Compliance hurdles weigh heavily on GCCs expanding to tier-II citiesGCCs have been rapidly expanding into tier-II and tier-III cities, as ET reported earlier, with locations like Coimbatore, Jaipur, Indore, ...
GCC sector to add 2.8-4 mn jobs by FY30 in India, raise compliance needs for operators: ReportThe report by TeamLease, GCCs in India: Cultivating Capability, Ensuring Compliance', revealed that India hosts over 1,800 GCCs, accounting...
India's GCC count to grow to 2,400 by 2030; impact of H1-B crackdown minimal, says TeamLeaseIndia is gearing up to welcome over 2,400 global capability centres by the year 2030, paving the way for a substantial economic uplift. The...
500 micro cuts: Compliance burden weighs heavy on MSMEs that have to adhere to over 500 micro regulations every yearEntrepreneurs face a complex web of regulations, hindering growth. MSMEs bear a disproportionate compliance burden. The govt is working to ...
Regulatory overload: MSMEs face Rs 13 lakh yearly compliance costs, over 1,000 regulations and high jail risk, says reportTeamLease Regtech’s latest report highlights that a single manufacturing unit of an MSME is required to adhere to 998 unique obligations, t...
Govt moves to streamline insurance sector compliance ahead of 100% FDIThe government plans to streamline compliance in the insurance sector by identifying redundant regulations, aiming for improved ease of bus...
Creating jobs: The missing link in govt’s skilling planIndia needs skilling and employment, and a recent internship programme for big companies aims to deliver on that front. But experts ask why...
Jail term for delay in giving out ID cards: How compliance overkill mars chemical industryIt is time to do away with the complex and wide-ranging regulatory provisions in the chemical industry if the promising segment, which has ...
MSME Day 2024: Participation of women in MSMEs increases but challenges remainMSME Day 2024: While the role of women has increased significantly in India’s MSME set-up, certain challenges remain which need to be soon ...
When is the last date to submit an income tax audit report?Certain category of businessmen and professionals are mandated by the Income tax law to get an income tax audit conducted by a chartered ac...
Key management personnel of Indian auto firms have poor understanding of compliance obligations: ReportKey management personnel in Indian automobile companies have a poor understanding of compliance obligations that can range from several hun...
Running a business should be no crime: Govt sits up and takes noteThe government has set up a working group to decriminalise laws to further promote ease of doing business. The group will look at areas whe...
Running a retail company in India has high risk of getting imprisoned: ReportThis division of law-making authority across various levels of government has created three levels of compliance - union, state and municip...
Nearly 91% logistics and supply chain companies paid fines in last 12 months: TeamleaseThe TeamLease Regtech survey says that more than 90% of surveyed companies in the logistics and supply chain business have agreed about pay...
Employer compliance needs thorough reexamination, says reportThe report released by Teamlease Regtech, a regulatory technology (Regtech) solutions company, examines the sectoral concerns and gives an ...
Budget 2023: Indian shadow lenders call for rescue route from cumbersome compliance mazeUnion Budget 2023: Most NBFCs believe they don’t have the required visibility and control in their organization's compliance program, accor...
Key management personnel of Indian auto firms have poor understanding of compliance obligations: ReportMost executives were found to have very poor handle on the status of key compliances, dates, documentation and residual risk of non-complia...
Auto companies find compliance burden heavy: surveyA manufacturing company in the automotive industry must deal with 489 central, state and local-level compliances, the report noted. These f...