Media

Sovereign AI's next challenge: Can India balance innovation and trust?

https://www.business-standard.com | Rimjhim Singh | June 30, 2026

As India pushes to build sovereign AI, governance may become its biggest challenge. With deepfakes, accountability and public-sector use rising, policymakers must balance innovation with trust

Centre proposes easing shelf-life, licensing norms for imported drugs

https://www.business-standard.com | Sanket Koul | June 26, 2026

Draft amendments propose a 12-month minimum residual shelf life for imported drugs and an acknowledgement-based mechanism for importing medicines for research

Licence Raj Is Gone, but the Inspector Raj Persists

https://www.spontaneousorder.in | Aayushi Tripathi | June 25, 2026

A 2025 TeamLease RegTech report found that a typical manufacturing MSME faces more than 1,450 compliance obligations annually and spends an estimated Rs. 13–17 lakh a year on compliance. For a large firm, that figure is a manageable line item, spread across a much bigger operation and handled by people hired specifically for the purpose. For smaller enterprises, however, regulatory obligations are the difference between staying open and closing.

100% Label Ban: How will FSSAI’s decision affect popular brands from July? Is it beneficial for consumers?

https://www.india.com | Joy Pillai | June 24, 2026

The Food Safety and Standards Authority of India's (FSSAI) decision to ban food companies from using '100%', '100% pure' and similar labels on their products raises the question: How will the decision affect popular brands from July?

Regulating Right: What India’s MSME Sector Really Need

https://www.ispp.org.in | Gunjeet Kaur | June 24, 2026

According to the 73rd Round of the National Sample Survey (NSS), the MSME sector has generated 11.1 crore (111 million) employment opportunities in India, making it the largest provider of jobs after agriculture. More recently, government data from 2025 indicates that the MSME sector now employs over 30 crore people across 7 crore registered units, underscoring the sector’s rapid expansion since the 73rd NSS survey. Its share in GVA has also steadily increased from 27.35% in FY 2021-22 to 30.1% in FY 2022-23.

TeamLease RegTech’s Hyderabad Roundtable to Discuss

https://www.todayfreedomdaily.com | Azam Khan | June 23, 2026

Complian Professionals Gather at TeamLease RegTech’s Hyderabad Roundtable to Discuss the Future of Intelligent Compliance

Brands Fear Crores In Losses As '100%' Label Ban To Take Effect From July

https://www.ndtv.com | Prateek Shukla | June 22, 2026

FSSAI's crackdown on "100%" claims is about consumer trust. But for food companies, it triggers a costly chain reaction

India's Compliance Maze: How TeamLease RegTech Is Using AI to Tame a 13,000-Change Beast

https://analyticsindiamag.com | Novinston Lobo | June 19, 2026

Enterprises in India face up to 11,000 compliance instances annually from over 3.2 million regulatory websites. TeamLease RegTech is deploying AI to shift compliance from reactive record-keeping to predictive, intelligence-driven risk management for businesses nationwide.

EPFO pension rules: What happens to your EPS pension in case of death, disability or early retirement?

https://www.financialexpress.com | Vipul Das | June 19, 2026

Many employees assume that every EPF member automatically becomes an EPS member. This is no longer the case. Employees joining employment for the first time on or after 1 September 2014 with wages exceeding the prescribed threshold are generally not eligible for EPS membership, whereas existing members continue to remain covered.

From fintech to aesthetic injectables: Lessons in navigating regulatory formalisation`

https://www.expresspharma.in | EP News Bureau | June 17, 2026

Rishi Agrawal, CEO, TeamLease RegTech cautions that the recent CDSCO clarification on injectable cosmetic products signals a broader shift toward accountability and risk-based regulation for the aesthetics industry.

Govt's cough syrup move may shift rural demand towards Ayush remedies`

https://www.business-standard.com | Sanket Koul | June 16, 2026

The removal of cough syrups from Schedule K could make access more prescription-dependent in rural India, potentially shifting some demand towards Ayush products

Your PPF account is nearing maturity. Should you withdraw, extend, or reinvest?

https://www.financialexpress.com | Vipul Das | June 16, 2026

For investors who do not require immediate liquidity, extending the account in blocks of five years is often a prudent choice.

CDSCO Crackdown on Injectable Cosmetics: Why India’s Aesthetics Industry Faces a Major Regulatory Shift

https://openthemagazine.com | Rishi Agrawal | June 15, 2026

CDSCO’s clarification on injectable aesthetic products closes a regulatory loophole, bringing stricter oversight, greater accountability and enhanced consumer safety while aligning India’s rapidly growing aesthetics industry with global standards

5 salary components completely overhauled under India’s new labour laws

https://www.financialexpress.com | Vipul Das | June 15, 2026

Under the Code, if the excluded components of remuneration, such as certain allowances, collectively exceed 50% of total remuneration, the excess amount is deemed to be wages and added back for statutory calculations.

Injectable Aesthetics and Regulatory Certainty: What CDSCO’s clarification means for MedTech

https://www.biospectrumindia.com | Rishi Agrawal | June 15, 2026

India's aesthetics market has expanded in a regulatory grey zone for years. Injectable products that altered physiological functions often occupied an uncertain position between cosmetics and drugs. This allowed businesses to leverage differing regulatory pathways depending on how products were positioned in the market. The ambiguity is beginning to disappear with the Central Drugs Standard Control Organisation (CDSCO) clarifying that injectable cosmetic products fall within the drug regulatory framework.

EPFO insurance scheme explained: How EPF members can get life cover of up to Rs 7 lakh without paying extra?

https://www.financialexpress.com | Vipul Das | June 11, 2026

EDLI is an excellent benefit, but comprehensive financial security generally requires a broader protection strategy beyond the statutory cover available through EPF membership. `

Rs 7 lakh life insurance cover at zero premium, which very few EPF members are aware of; check how to claim when needed

https://economictimes.indiatimes.com/ | Anshika Jain | June 10, 2026

Employees' Provident Fund contributions offer a life insurance cover of up to Rs 7 lakh through the EDLI scheme, at no extra premium. This government-backed benefit protects families in case of an EPF member's death during service. Eligibility requires active EPF membership and employer contributions. Claims are processed by EPFO, with updated nominations expediting the procedure.

When will EPFO credit interest for FY 2025-26? Here’s what PF subscribers should know

https://www.financialexpress.com | Vipul Das | June 9, 2026

If we go by past trends, the interest amount starts getting reflected in members’ EPF accounts around June or July. However, it is difficult to forecast at this point the date on which EPF interest would be credited to members.

EPF balance missing under your current UAN? Here are 7 common reasons to check

https://www.financialexpress.com | Vipul Das | June 4, 2026

It’s important to note that, in most cases, the balance is not lost. It is either waiting for transfer/linking, delayed in posting, blocked by a mismatch in records, or unavailable because of the employer type or a temporary EPFO system issue.

Organised aesthetic clinics set to gain from tighter rules on Botox

https://www.business-standard.com | Anjali Singh | June 3, 2026

CDSCO's move can lead to the formalisation of more than 35,000 skin clinics, stop the mushrooming of single-operator setups run by unqualified practitioners https://www.business-standard.com/industry/news/organised-aesthetic-clinics-set-to-gain-from-tighter-rules-on-botox-126060200407_1.html

How to earn more from your PPF account: Don’t miss this monthly deposit deadline

https://www.financialexpress.com | Vipul Das | June 2, 2026

Investors who are financially able to deposit the full Rs 1.5 lakh annual limit at the beginning of the financial year, ideally in April, can maximise annual interest earnings since the entire amount compounds for the full year.

Food Processing MSMEs Face Rising Compliance Burden

https://hospitalitybizindia.com | HBI Staff | May 27, 2026

TeamLease RegTech has released a new report highlighting the growing regulatory burden facing India’s food processing sector and urging MSMEs to adopt a “compliant by design” approach to enable sustainable growth.

Rupee fall and red tape test India's growth story

https://inshorts.com` | In shorts | May 26, 2026

Dr Rajeswari Sengupta told The Core that the rupee's fall reflects oil pressure, capital outflows, current account stress and weaker investor appeal. TeamLease RegTech's Rishi Agrawal said India also needs lower compliance burdens, decriminalisation, labour reform and a UPI-like shift in business regulation.

Trust crisis: Pronto privacy row puts Urban Company, Snabbit and home-services sector under the spotlight

https://www.storyboard18.com | Mansi Jaswal | May 26, 2026

India's rapidly expanding home-services industry, built on the promise of convenience, speed, and digitally managed domestic labour, is facing growing backlash after allegations emerged that one startup, Pronto, had been using AI-assisted recordings inside customers' homes.

Rupee Fall And Red Tape: The Two Sides Of India’s Economy | Govindraj Ethiraj | The Core Report

https://www.youtube.com/ | The Core | May 25, 2026

Rupee Fall And Red Tape are exposing two sides of India’s economy. In this episode of The Core Report Special Edition, Financial Journalist Govindraj Ethiraj speaks with Rishi Agrawal of TeamLease Regtech and Dr Rajeswari Sengupta who give their take on why the Indian rupee is under pressure, why foreign investors are pulling money out, and why India’s business rules still make growth harder than it should be.

India’s Next Social Security Reform Is Digital, Not Legislative

https://futech.financialexpressb2b.com | Rishi Agrawal | May 20, 2026

With the integration of AI, these systems can become far more worker-friendly. Imagine an interface that is multilingual, where a worker can access information in their preferred language or even use voice commands instead of typing. Benefits can be made easy to search, sort, and filter.

Fintechs set to take fresh guard as reality comes to bite the sector

https://www.business-standard.com | Raghu Mohan | May 17, 2026

With funding tightening and regulators increasing scrutiny on risk, firms must move past the growth-at-all-costs model to survive

India's food processing MSMEs struggle under heavy compliance burden: Report

https://www.aninews.in | ANI News | May 13, 2026

New Delhi [India], May 13 (ANI): India's food processing industry, dominated by micro, small and medium enterprises (MSMEs), is facing mounting pressure from high compliance costs, overlapping regulations and frequent policy changes, according to a report by TeamLease RegTech.

Regulatory burden on the food processing sector increasing:Teamlease Regtech founder

https://www.thehindubusinessline.com/ | Aj Vinayak | May 13, 2026

Stringent food safety norms have meant tighter packaging and labelling requirements, higher traceability expectations, environmental regulations and consumer protection standards

After Noida DM's warning, who is responsible for the wellbeing of outsourced workers?

https://hr.economictimes.indiatimes.com | Swastik Sarkar | May 7, 2026

It is about the evolving nature of accountability in a system where employment relationships are layered, fragmented, and often deliberately distanced. In this context, ETHRWorld interacted with manpower services providers and legal experts to delve deeper into this issue.

As India's GCC sector expands, compliance moves to the fore

https://gcc.economictimes.indiatimes.com | Bhuvana Kamath | May 7, 2026

As India settles into its role as the world's GCC capital, centers are also facing a huge churn of paperwork, with over 2,000 filings a year, that is shaping how these centres scale and expand.

India’s gig workers finally get the recognition they deserve

https://www.theweek.in | Rishi Agrawal | May 4, 2026

Think of the last time you were in a bind. Perhaps dinner plans fell through, a sudden rainstorm made a walk impossible, or guests were arriving at a house that was far from ready. A few taps on a smartphone screen and someone showed up on time to solve the problem. No questions asked.

In a turbulent world, domestic reforms are India’s strongest foreign policy tool

https://dailypioneer.com | Ravi Pokharna | April 25, 2026

The Jan Vishwas (Amendment of Provisions) Bill, April 2026, represents a paradigm shift in how India governs its economy. While the first iteration in 2023 decriminalised 183 provisions, the 2.0 version covers 784 provisions across 79 central Acts (PIB).

AI labels on content: Curbing misinformation or adding compliance load?

https://www.business-standard.com | Rimjhim Singh | April 24, 2026

The surge in AI-generated content across text, images, audio and video has made it increasingly difficult to distinguish it from human-created material, as large language models rapidly scale content creation.

Safeguarding the pharma excipients supply chain

https://www.expresspharma.in | Viveka Roychowdhury | April 23, 2026

Adding excipient details to QR codes of the top 300 drugs may not be a tough task. But as CDSCO plans to expand QR codes to cover other critical drug categories in phases, all segments of the pharma value chain need to tighten their systems, analyses Viveka Roychowdhury

Paper to Portal: India’s Food Recall System Gets A Digital Fix

https://www.outlookbusiness.com | Alka Jain | April 20, 2026

India’s food safety regulator has introduced a digital recall system to improve how unsafe food products are identified and removed from the market. Built into the FoSCoS platform, the new portal replaces a fragmented, paper-driven process with a centralised system that allows real-time tracking of recalls

New labour code: Who gains the most as salary structures change?

https://www.moneycontrol.com | Navneet Dubey | April 20, 2026

While there may be a marginal dip in take-home pay due to increased PF contributions, the real upside lies in significantly stronger gratuity and provident fund accumulation over a long career horizon

New Labour Code Explained: Who Gains The Most As Salary Structures Change?

https://www.news18.com | Aparna Deb | April 20, 2026

This change effectively curbs the earlier practice of boosting take-home pay through allowances such as HRA, bonuses, commissions, and conveyance. Under the new framework, if these exclusions exceed 50%, the excess will be added back to wages, ensuring that components like basic pay, dearness allowance, and retaining allowance form a larger share of compensation.

How Jan Vishwas 2.0 brings trust value to ease of doing business in India

https://www.indiatoday.in | Sonal Khetarpal | April 17, 2026

Indian businesses have long been burdened by heavy compliance requirements. According to the research report ‘Jailed for Doing Business’, produced by the Observer Research Foundation and TeamLease RegTech, two out of every five obligations under laws enacted by the Centre and states carry the risk of imprisonment of the entrepreneur for non-compliance.

CDSCO moves to fast-track foreign drug import approvals, cut delays

https://www.business-standard.com | Sanket Koul | April 10, 2026

Regulator plans to cut delays by allowing direct submission of Form 40 applications to DCGI, aiming to improve efficiency in drug import approvals

Filing ITR just got easier: This new AI chatbot helps with income tax queries, forms and rules; check details

https://economictimes.indiatimes.com | Anshika Jain | April 9, 2026

For the average person, who doesn't deal with taxes often, filing income tax returns can seem pretty confusing and time-consuming, especially with the frequent changes in tax rules, forms, and compliance requirements. As a result, many taxpayers find themselves depending on income tax professionals because they can't find clear and easy-to-understand information.

Scaling India's MSME Growth

https://www.drishtiias.com | Drishti IAS | April 8, 2026

India’s Micro, Small and Medium Enterprises (MSMEs) form the backbone of its growth story, contributing nearly 31% to GDP, 48% to exports, and employing over 32 crore people. Yet, the sector remains structurally skewed, with a “missing middle”, a dominance of micro firms but a thin layer of scalable medium enterprises. Persistent challenges such as delayed payments and credit misalignment continue to lock up working capital and suppress growth potential. Thus, the MSME question is no longer about survival, but about enabling a transition from fragmented resilience to globally competitive scale.

Monthly Compliance Roundup March 2026

https://indiaemployerforum.org | India Employer Forum | April 7, 2026

The regulatory compliance landscape in India is highly dynamic, with an average of ~80 updates per day. In 2025 alone, there were as many as 12,973 updates w.r.t compliance requirements. These regulatory changes are notified on over 3,756 union, state, and local government websites in the form of notifications, directions, circulars, advisories, orders, amendments, and so on. More often than not, these regulatory updates pertain to crucial changes in procedures, dates, penalties, calculations, and applicable duties, among others. Staying abreast of the latest regulatory developments is essential for any business to avoid compliance errors and inadvertent lapses.

Pay Cut Or Hidden Gain? How 2026 Salary Rule Is Changing Your Pay From April

https://www.timesnownews.com | Priya Raghuvanshi | April 7, 2026

The revised wage structure will also influence Employees’ Provident Fund (EPF) contributions, as a larger share of the salary is classified as wages, likely leading to higher contributions from both employers and employees.

New salary rules in India: What the 50% wage norm means for EPF, gratuity and take-home pay

https://www.livemint.com | Eshita Gain | April 7, 2026

Your salary this month may look different from usual. From 1 April 2026, the government has implemented a set of labour reforms that change how salaries are structured for millions of employees across India.

Outsourcing Work Does Not Outsource Liability

https://www.mmindia.co.in | Rishi Agrawal | April 4, 2026

Over the last decade, India’s manufacturing sector has undergone a structural shift toward a multi-layered labor architecture. Enterprises have moved away from rigid employment structures in favor of a high-agility framework by decoupling core production from ancillary functions, including logistics, technical maintenance, and material handling.

Firms with cancelled drug licences may face heat as Centre tightens rules

https://www.business-standard.com | Sanket Koul | April 3, 2026

DCC discusses stricter norms to bar firms with cancelled licences from reapplying and proposes public disclosure of inspection findings to strengthen pharma regulation

New Delhi Accelerates Compliance Reforms

https://www.orfonline.org/ | Gautam Chikermane | Rishi Agrawal | April 2, 2026

The third leg of India’s three-year-long decriminalisation drive eases doing business and reduces corruption. The responsibility for economic growth now shifts to the states

Gratuity Rules Changed, Big Update Every Salaried Employee

https://www.timesbull.com | Sweta Mitra | April 2, 2026

as per the new code, fixed-term employees (FTEs) will qualify for gratuity after completing one year of continuous service. It is important to note that previously, a minimum of five years of service was necessary for this benefit. However, this regulation only pertains to employees who began their employment with a company on or after the date the new labor code was enacted.

New gratuity rules from 1 April: Impact on take-home pay, eligibility and calculations explained

https://www.livemint.com | Eshita Gain | April 1, 2026

Indian employees may receive higher gratuity payouts under the new Labour Codes, which redefine wage calculations. Here's a look at when a higher gratuity is applicable, who is eligible, the changes to the calculation and the impact on in-hand salary.

IBC 2025 reforms to boost timelines, creditor rights, credit ecosystem, say experts

https://cfo.economictimes.indiatimes.com | Shivam Tyagi | April 1, 2026

The Lok Sabha passed the Insolvency and Bankruptcy Code (Amendment) Bill, 2025, introducing significant changes to India's insolvency framework. Key amendments focus on faster resolution timelines, enhanced creditor control, and structural reforms like cross-border and group insolvency. While experts are divided on its effectiveness, the bill aims to streamline the process and improve ease of doing business.

New income tax rules from April 1, 2026: From HRA relief to new ITR deadlines, key changes explained

https://economictimes.indiatimes.com | Sneha Kulkarni | April 1, 2026

New income tax rules: Significant income tax changes are coming from April 1, 2026, with the Income Tax Act of 2025 replacing the 1961 act. Expect revised TDS/TCS rules, updated ITR filing deadlines, and changes to buyback taxation. Key benefits include expanded HRA exemptions and increased meal card tax benefits, aiming for a simpler tax regime.

Lok Sabha clears IBC amendment Bill, govt pushes faster insolvency fixes

Business Today | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | March 31, 2026

Introducing the Bill, Finance Minister Nirmala Sitharaman said the amendments aim to address practical challenges and align the Insolvency and Bankruptcy Code (IBC), 2016, with evolving global practices, drawing from implementation experience and judicial interpretations.

Why can’t some MSMEs scale if policy is on their side? The ET MSME Awards 2025 had answers

The Economic Times | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | March 25, 2026

The mood at the ET MSME Awards 2025 was cautiously optimistic. Headwinds such as manufacturing stress, credit gaps, and compliance overload exist, yes, but the policy architectu

Industry cheers decriminalisation in new Corporate Laws Bill; seeks compliance simplification, fewer filings as next steps

Money Control | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | March 25, 2026

The Corporate Laws (Amendment) Bill decriminalises routine lapses in compliance, makes adjudication quicker, simplifies procedures of mergers and amalgamations, and relaxes CSR requirements – all aimed at enhancing ease of doing business, industry stakeholders told Moneycontrol.

Corporate Laws (Amendment) Bill to improve ease of doing business, greater transparency on ops of companies

Business Today | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | March 24, 2026

The Corporate Laws (Amendment) Bill, 2026, which will amend the Limited Liability Partnership Act, 2008 and the Companies Act, 2013, is expected to greatly improve the ease of doing business for companies while providing more transparency to shareholders.

As Govt Moves To Revamp Corporate Laws, CSR Changes Stir Debate

Business World | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | March 24, 2026

In a move that signals the most aggressive regulatory pivot since the overhaul of the Companies Act in 2013, Finance Minister Nirmala Sitharaman introduced the Corporate Laws (Amendment) Bill, 2026, in the Lok Sabha on Monday. The legislation, emerging after two years of inter-ministerial deliberations and the landmark Company Law Committee (CLC) Report of 2022, seeks to fundamentally redefine the relationship between the Indian state and the boardroom.

One night, 20 honours: The ET MSME Awards 2025 finale is almost here!

The Economic Times | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | March 23, 2026

Behind every nomination is years of work, risk, and resilience. Behind the agenda is every challenge Indian MSMEs are navigating right now. The sixth edition of the ET MSME Awards on March 24 brings both together

What does Razorpay know about agentic AI that OpenAI, Amazon, Ebay don’t?

The Ken | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | March 20, 2026

It took one spoken sentence, on stage at The Lalit Ashok hotel in Bengaluru, for Zomato to place an order.

ET MSME Awards 2025: 5 days to go for India's most consequential MSME stage!

The Economic Times | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | March 19, 2026

On March 24, 2026, the ET MSME Awards 2025 returns to New Delhi. If you work in, build for, or track India's enterprises, this is the event you cannot afford to miss. Not just because of the trophies, but because of who will be in the room.

India’s GCC boom faces rising compliance burden with over 2,000 annual Filings: Report

Your Story | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | March 17, 2026

India’s Global Capability Centres (GCCs) are expanding rapidly across sectors, skills, and geographies, but this growth is unfolding within one of the most complex compliance environments governing enterprise operations.

Are Indian platforms technologically ready for rapid AI detection?

Campaign India | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | March 13, 2026

Under the recently amended IT rules, social media platforms have to take down objectionable AI-generated materials within three hours; two hours in sensitive cases.

India leading hub for Global Capability Centres

News Arena India | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | March 12, 2026

According to a report by TeamLease RegTech titled ‘GCCs in India: Cultivating Capability, Ensuring Compliance’, the rapid growth of GCCs—which collectively generate over USD 64.6 billion in export revenue—has placed them within one of the most complex compliance environments faced by any enterprise ecosystem.

2026 Report Shows India’s GCC Ecosystem Facing Over 600 Legal Rules & Rising Compliance Burden Nationwide

Reality Next | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | March 12, 2026

India has emerged as the undisputed global hub for Global Capability Centres (GCCs), hosting over 55% of such facilities worldwide, yet these innovation engines must navigate a staggering regulatory maze of more than 500 distinct legal obligations and over 2,000 annual filings across central, state, and local levels.

AI adoption is rising, so is the need for governance in GCCs

The Economic Times (GCC World) | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | March 12, 2026

As AI adoption expands across enterprises, global capability centres are emerging as key hubs for governance,

Governance, Risk, and Compliance Becoming a Funding Gatekeeper for Indian Startups

Entrepreneur India | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | March 12, 2026

For much of the past decade, India’s startup ecosystem ran on speed, with founders chasing growth, and investors were often willing to overlook administrative gaps if the product and traction were strong enough.

EPF rate @8.25%: EPF interest rate outperforms PPF, FDs, stability prioritised by govt, say experts

MSN | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | March 12, 2026

The Employees’ Provident Fund (EPF) will continue to offer 8.25% interest for 2025-26, reinforcing its position as one of the highest-yielding debt instruments in India and providing stability to more than 7.8 crore contributing members.

GCC workforce may reach 2.8 million by FY30: Report

The Financial Express | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | March 11, 2026

India’s global capability centre (GCC) ecosystem could employ around 2.8 million professionals by FY30, up from about 1.9 million currently, as multinational companies expand technology and digital operations in the country, according to a report by TeamLease Digital and TeamLease RegTech.

India hosts 55% of global GCCs but faces over 2,000 annual compliance filings

The Hindu Business Line | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | March 11, 2026

GCCs now play a strategic role for multinational corporations, handling functions such as product engineering, artificial intelligence research,

India's GCCs: Navigating a Compliance Labyrinth

Devdiscourse | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | March 11, 2026

India is a leading hub for Global Capability Centres (GCCs), which face a complex regulatory environment. With over 500 legal obligations and 2,000 annual filings, GCCs must balance growth and compliance. The sector drives significant revenues and is concentrated in high-demand areas such as AI and cybersecurity.

EPF rate @8.25%: EPF interest rate outperforms PPF, FDs, stability prioritised by govt, say experts

MSN | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | March 11, 2026

India Hosts Majority Of Global GCCs But Compliance Burden Remains High

Business World | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | March 11, 2026

India hosts more than 55 per cent of the world’s Global Capability Centres (GCCs), strengthening its position as the largest global hub for such facilities. However, companies operating these centres must navigate a complex regulatory structure involving hundreds of legal obligations and thousands of compliance filings every year.

Over 2,000 filings a year: The compliance cost of India's GCC boom

The Economic Times | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | March 11, 2026

India leads the world in Global Capability Centres, but these innovation hubs face over 500 legal rules and 2,000 annual filings. This complex regulatory environment demands constant atte

India GCC Compliance: Costs & Regulatory Maze

Rediff | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | March 11, 2026

New Delhi, Mar 11 (PTI) India has emerged as the undisputed global hub for Global Capability Centres (GCCs), hosting over 55 per cent of such facilities worldwide, yet these innovation engines must navigate a staggering regulatory maze of more than 500 distinct legal obligations and over 2,000 annual filings across central, state, and local levels.

India's GCCs Lead World but Face Red Tape Threat to Innovation

Whales Book | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | March 11, 2026

India is the global leader in Global Capability Centers (GCCs), hosting over 55% of these facilities worldwide and generating $64.6 billion in export revenue as of FY24. These centers have evolved beyond cost-saving back offices to become sophisticated hubs driving high-

India's GCCs Face 2,000+ Filings, 500+ Rules Risking Innovation

Whales Book | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | March 11, 2026

India is the undisputed global hub for Global Capability Centres (GCCs), driving significant export revenue and evolving into key centers for AI and digital transformation. Yet, these vital operations must navigate a complex regulatory system,

Hidden compliance faultlines Indian enterprises cannot afford to ignore

SME Futures | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | March 11, 2026

India’s regulatory ecosystem is often described as complex. That word is accurate, but insufficient. The Indian compliance landscape is layered, jurisdictionally fragmented, threshold-driven and constantly evolving.

Monthly Compliance Roundup February 2026

Indian Employer Forum | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | March 9, 2026

The regulatory compliance landscape in India is highly dynamic, with an average of ~80 updates per day. In 2025 alone, there were as many as 12,973 updates w.r.t compliance requirements.

EPFO maintains 8.25% interest rate on EPF deposits for 2025-26

Money Control | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | March 3, 2026

The retirement fund organisation EPFO, on March 2, 2026, announced that the interest rate for employees' provident fund (EPF) deposits for 2025-26 will be 8.25 percent, maintaining the same rate for the second year in a row. This rate applies to contributions made between April 1, 2025, and March 31, 2026.

EPFO interest stays at 8.25%: Why has the rate not increased this year?

India Today | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | March 3, 2026

At a time when households are watching every rupee, even a small rise in EPF returns would have felt welcome. Instead, the rate remains at 8.25%. Here's why the retirement body has chosen stability over a hike.

Corporate Amendment Bill to revamp penalties, digitise filings

AKM Global | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Feb. 27, 2026

The Corporate Amendment Bill, once cleared by Parliament, would change how company law violations are classified and penalties calculated, while easing compliance processes, industry stakeholders said. Companies and limited liability partnerships should prepare for reclassified offences and increased digitisation of regulatory filings, they added.

Rishi Agarwal – Co-founder & CEO, TeamLease RegTech

Startup Success Stories | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Feb. 26, 2026

Rishi Agarwal is the Co-founder and CEO of TeamLease RegTech, India’s leading Regulatory Technology (RegTech) company, revolutionizing compliance management for more than 1500 enterprises nationwide.

How AI Is Transforming Corporate Compliance in India

News Patrolling | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Feb. 25, 2026

AI-Powered RegTech Platforms Transform Enterprise Compliance and Governance in India

Business News for Profit | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Feb. 25, 2026

AI-Powered RegTech Platforms Transform Enterprise Compliance and Governance in India

Business News This Week | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Feb. 25, 2026

India’s compliance landscape is vast, fragmented and constantly evolving across central, state and local jurisdictions. For enterprises operating at scale, regulatory complexity is structural, not occasional. Artificial Intelligence is emerging as a structural enabler of governance maturity. A full-fledged AI-enabled RegTech platform builds predictability, defensibility, and strategic risk intelligence into the compliance architecture of an organisation apart from automating tasks.

AI-Powered RegTech Platforms Transform Enterprise Compliance and Governance in India

Business News Chronical | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Feb. 25, 2026

AI-Powered RegTech Platforms Transform Enterprise Compliance and Governance in India

Global Biz News Room | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Feb. 25, 2026

AI-Powered RegTech Platforms Transform Enterprise Compliance and Governance in India

Media Prism Creative | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Feb. 25, 2026

5 Biggest Compliance Blind Spots in Indian Enterprises

CXO Today | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Feb. 25, 2026

India’s regulatory ecosystem is one of the most complex and layered globally, spanning thousands of central, state and local obligations across sectors. While enterprises have significantly increased their investments in digitisation, governance frameworks and internal control mechanisms, certain structural blind spots persist.

How AI Is Transforming Corporate Compliance in India

Passionate in Marketing | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Feb. 25, 2026

How AI Is Transforming Corporate Compliance in India

Startup News | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Feb. 25, 2026

How AI Is Transforming Corporate Compliance in India

PNI News | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Feb. 25, 2026

Monthly Compliance Roundup January 2026

Indian Employer Forum | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Feb. 25, 2026

“The regulatory compliance landscape in India is highly dynamic, with an average of ~80 updates per day. In 2025 alone, there were as many as 12,973 updates w.r.t compliance requirements. These regulatory changes are notified on over 3,756 union, state, and local government websites in the form of notifications, directions, circulars, advisories, orders, amendments, and so on.

5 Biggest Compliance Blind Spots in Indian Enterprises

Isrch | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Feb. 25, 2026

Corporate Amendment Bill to revamp penalties, digitise filings

Money Control | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Feb. 20, 2026

Public sector banks may approach RBI seeking changes in climate finance rules

The Economic Times | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Feb. 20, 2026

New Delhi: Public sector banks plan to approach the Reserve Bank of India (RBI) to seek changes to its climate finance and risk guidelines, arguing that the current framework lacks incentives to promote wider adoption of green deposits.

5 Biggest Compliance Blind Spots in Indian Enterprises

The 9th Estate | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Feb. 20, 2026

5 Biggest Compliance Blind Spots in Indian Enterprises

Quick Bizz News | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Feb. 20, 2026

5 Biggest Compliance Blind Spots in Indian Enterprises

APN News | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Feb. 20, 2026

5 Biggest Compliance Blind Spots in Indian Enterprises

Technuter | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Feb. 20, 2026

5 Biggest Compliance Blind Spots in Indian Enterprises

Right Column Media | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Feb. 20, 2026

5 Biggest Compliance Blind Spots in Indian Enterprises

CIO&Leader | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Feb. 19, 2026

5 Biggest Compliance Blind Spots in Indian Enterprises

PNI News | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Feb. 19, 2026

New Labour Codes impact: Employees facing a weak take-home salary jump this year – know why

The Financial Express | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Feb. 18, 2026

The new labour codes have increased PF and gratuity liabilities for companies, triggering concerns over weaker salary hikes this appraisal season. While total CTC growth may not fall sharply, take-home salary could see slower growth as firms restructure wages to meet the 50% basic pay rule. Experts say the shift is structural and strengthens long-term retirement benefits.

What Should Power India's AI Future? Manufacturing Or Consumer Tech?

NDTV Profit | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Feb. 18, 2026

Good evening. I'm Vicramosa and you're watching the big question on NDTV Profit. This week at the India AI impact summit, there is this one message that

MCA’s Corporate Amendment Bill: Less criminal risk, more digital scrutiny for India Inc

CNBCTV18 | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Feb. 18, 2026

The Ministry of Corporate Affairs (MCA) is set to introduce a Corporate Amendment Bill proposing changes to the Companies Act, 2013 and the Limited Liability Partnership Act, 2008, signalling the next phase of corporate law reforms aimed at easing compliance and rationalising processes.

अब UPI से PF निकालना होगा Super Fast! मगर क्या कहते हैं नियम?

PVK | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Feb. 14, 2026

Employees' Provident Fund Organisation (EPFO) जल्द ही अपना नया मोबाइल ऐप लॉन्च करने जा रहा है, जिसमें UPI-based PF withdrawal की सुविधा दी जाएगी। इस कदम से करोड़ों सब्सक्राइबर्स को अपने PF पैसे निकालने के लिए लंबी प्रोसेस और इंतजार से राहत मिल सकती है।

Why Data Privacy And Regulation Are New Engines Of SaaS Growth

Inc.42 | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Feb. 14, 2026

Once treated as back-office add-ons, compliance and privacy now sit at the heart of how companies scale. Done well, they help companies expand faster, with fewer surprises. This shift has helped create a $23.08 Bn for global regulatory compliance, growing at 9.1% annually. For SaaS companies, the cost of getting it wrong is especially high.

Draft rules scrap provisional ethics committee registration stage

Business Standard | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Feb. 12, 2026

In a move aimed at simplifying the ease of doing business, the Union Health Ministry has proposed a draft amendment to eliminate the requirement of a provisional registration certificate for ethics committees involved in biomedical and health research. Earlier, all ethics committees were required to obtain a provisional registration certificate valid for two years, which was subsequently replaced by a final registration certificate after further scrutiny by the Department of Health Research (DHR).

Gig Economy’s Uneasy Unit Economics And The High Cost Of Home Delivery

Inc.42 | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Feb. 9, 2026

India’s consumer services giants are enduring a winter of discontent. From ride-hailing drivers to quick commerce riders, gig workers are protesting over shrinking payouts and gruelling schedules.

Tech stocks tumble as Anthropic’s AI tools threaten the SaaS model

The Hindu Business Line | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Feb. 5, 2026

Fears that agentic AI tools such as Anthropic’s Claude Cowork plug-ins could automate core enterprise processes and disrupt the traditional SaaS model triggered a sharp

Budget 2026 focuses on long term growth but falls short on reviving private sector investment: Experts

Money Control | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Feb. 1, 2026

The Union Budget 2026-27 despite focusing on long term growth with a push towards manufacturing and infrastructure has fallen short of attracting private sector investments, experts and economists say.

Unfulfilled MOOWR promise: Why Indian manufacturing stalls at warehouse

ITLN | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Feb. 1, 2026

As India aggressively positions itself as the next global manufacturing powerhouse, the government has rolled out high-profile initiatives, such as the Production-Linked Incentive (PLI) scheme, to attract capital-intensive industries.

Budget Express 2026 : Budget 2026 proposes to setup high-powered comittee to recommend measures on the service sector

Money Control | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Feb. 1, 2026

Finance Minister Nirmala Sitharaman on February 1 proposed setting up a high-powered committee to recommend measures focused on the services sector, in a major boost to India's artificial intelligence ambitions, ahead of the much-anticipated India AI Impact Summit scheduled to be held in a couple of weeks.

Budget 2026 focuses on long term growth but falls short on reviving private sector investment: Experts

Money Control | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Feb. 1, 2026

LIVE: Economic Survey 2025-26: Decoded

Money Control | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Jan. 30, 2026

The art of economic statecraft. What’s working for India? Why the state needs to be an enabler and the need for India to become indispensable

BUDGET MAY RESET INDUSTRIAL POLICY TO LIFT INDIA’S MANUFACTURING GAME

Mint | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Jan. 30, 2026

NEW DELHI: India's next budget is expected to mark a reset in the government's philosophy towards supporting manufacturing-from offering incentives and protection to fixing the everyday frictions that stop firms from growing, innovating and competing globally, according to two people familiar with the discussions in the government.

Economists See Resilient Growth In Economic Survey, Warn Of Risks

Business World | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Jan. 30, 2026

India’s Economic Survey 2025–26 paints a picture of an economy in a relative sweet spot, with strong growth, low inflation and improving financial health, but economists caution that the outlook is not without risks, particularly from global uncertainty and the need to revive private investment.

Budget 2026: What India Expects from FM Sitharaman on February 1

Outlook Business | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Jan. 30, 2026

Budget 2026: Just three days ahead of the Union Finance Minister Nirmala Sitharaman’s presentation of the Budget for the financial year 2026-27 (FY27), the Economic Survey prepared by her Chief Economic Advisor has emphasised the need for long-term reforms rather than "quick fixes to visible, short-term pressures."

Stock Market Highlights Jan 30: Sensex ends 296 points lower at 82,269, Nifty skids 98 points to 25,320; markets snap 3-day rally, dragged lower by metal, IT stocks

The Hindu Business Line | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Jan. 30, 2026

Sensex, Nifty, Share Prices Updates: Markets closed the session on a weak note, ahead of the Budget presentation on Sunday. Metal and IT stocks dragged the markets lower, with Tata Steel the top loser, closing over 4 per cent lower.

Budget 2026 expectations highlights: Industry, markets watch tax reforms, capex push ahead of Feb 1

Money Control | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Jan. 29, 2026

Banish Dhar, Principal Advisor to the Chairman, Shapoorji Pallonji Group, said, "Expect this Budget to marry energy ambition with infrastructure delivery. Create a conditional “Energy-Infrastructure” capex window funding transmission, intra-state green corridors, smart meters and storage; unlock low-cost, long-tenor

India’s Export Dreams and Lessons from Export Champions

Money Life | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Jan. 28, 2026

The Indian government is in the final stages of setting up a new high-level body to cut regulatory hurdles and red tape, according to news reports. The structure, operating under the National Manufacturing Mission, is meant to slash bureaucratic delays and help triple merchandise exports by 2035.

Union Budget 2026 Expectations Live: Govt rejects Oppn demand for fresh debate on VB-G RAM G, SIR

The Indian Express | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Jan. 28, 2026

Budget 2026 Expectations Highlights: The government has turned down the Opposition’s demand for fresh discussions on the VB-G RAM G Act, which replaced the employment guarantee legislation MNGREGA, and the Special Intensive Revision (SIR) of electoral rolls during the Budget Session of Parliament starting on Wednesday.

India-EU FTA to dismantle demand and talent hurdles, give boost to ER&D for Indian IT

MoneyControl | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Jan. 28, 2026

The India-EU Free Trade Agreement (FTA), signed on January 27 after nearly two decades of talks, is being viewed by the information technology (IT) services industry as a structural positive that could gradually ease long-standing hurdles around talent mobility, regulatory complexity, demand, and engineering-led work.

Antimicrobial sales growth set to temper in 2026 over govt's AMR push

Business Standard | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Jan. 27, 2026

Sales of antimicrobials such as antibiotics are expected to see constrained growth this year due to possible regulatory restrictions on their use, as part of the Central government’s plan to reduce antimicrobial resistance (AMR).

Regulatory curbs may hit antimicrobial sales

Magzter | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Jan. 27, 2026

Sales of antimicrobials such as antibiotics are expected to see constrained growth in 2026 due to likely regulatory restrictions on their use, as part of the Centre’s plan to curb antimicrobial resistance (AMR).

Regulatory curbs may hit antimicrobial sales

Magzter | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Jan. 27, 2026

Redesigning India’s Economic Backbone - II

Monk Prayogshala | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Jan. 27, 2026

Part 1 of this blog explored local and scalable solutions that micro and small-scale enterprises (MSMEs) can use to address the key challenges faced in accessing finance, scarcity of skilled labour, limited marketing knowledge, and capacity building to increase efficiency and boost their competitiveness.

India's exports dream likely to run into the hard wall of realities

Anil Tikotekar | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Jan. 27, 2026

India's exports dream likely to run into the hard wall of realities

Business Standard | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Jan. 25, 2026

The Indian government is, according to news reports, in the final stages of setting up a high-level body to cut regulatory hurdles and red tape. The structure, operating under the National Manufacturing Mission, is meant to slash bureaucratic delays and help triple merchandise exports by 2035. Tripling exports in nine years implies a compound annual growth rate (CAGR) of around 13 per cent. Is this credible? In theory, nothing is impossible. China has shown that truly exceptional outcomes can be achieved under exceptional circumstances. In practice, however, sustaining export growth of this magnitude would require no lost years, a buoyant global trading system rather than the emerging “trade fortresses” triggered by United States (US) President Donald Trump’s tariffs, no global downturns, no prolonged policy slippage, and manufacturing exports growing faster than gross domestic product (GDP) year after year for a decade.

Budget 2026: Govt could allocate more than Rs 30,000 crore in Budget for the Employment Linked Incentive Scheme

Money Control | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Jan. 22, 2026

To sustain job creation in FY27, the industry is calling for a Budget that continues to push the pedal on public capital expenditure, eases MSME’s access to finance, and provides direct fiscal outlays to support labour-laws related reforms.

Stock Market Highlights 20 January 2026: Sensex ends 1,065 points lower, Nifty below 26,000 amid broad-based selling

The Hindu Business Line | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Jan. 20, 2026

Indian benchmark indices fell to their lowest levels in over ‍three months in a broad-based sell-off, led by IT shares and Reliance Industries, as tepid corporate earnings, global trade ‌worries and unabated foreign fund outflows rattled investors.

Budget 2026 Expectations Live: Salaried employees risk double tax on employer NPS, says FIPI

Money Control | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Jan. 20, 2026

"To avoid double taxation, the amount of contribution made by the employer to the NPS account of the employee can be included in total income either as salary under section 17(1)(viii) or as a perquisite under section 17(2)(vii)," FIPI stated.

'Banks, telecom providers accountable where loss stems from negligence': MHA panel on 'digital arrest' to SC

Money Control | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Jan. 15, 2026

Following directions issued by the Supreme Court in a suo motu case concerning so-called 'digital arrest' scams, the Union government has set up a high-level inter-departmental committee to take stock of the problem and recommend systemic fixes.

How DoT's Streamlining of Rules could Spur Local Telecom Growth

Entrepreneur India | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Jan. 9, 2026

These steps come in the form of reforms introduced last month by the Department of Telecommunications (DoT) under the Ministry of Communications, through its National Centre for Communication Security (NCCS).

MSMEs- The Backbone of India’s Economy

Drishtiias | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Jan. 9, 2026

Micro, Small and Medium Enterprises (MSMEs) form the backbone of India’s productive economy, anchoring growth, employment, and regional balance in the journey towards Viksit Bharat. Contributing nearly one-third of India’s GDP and about 45% of manufacturing output, MSMEs act as vital linkages between agriculture, industry, and services.

Gig jobs poised for significant growth with formalisation and hiring surge

Press Reader | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Jan. 9, 2026

India’s gig economy is entering a decisive phase in 2026, marked by sharper hiring growth, more structured payouts and the formal recognition of gig work under the country’s evolving labour framework with industry estimates suggesting hiring volumes will scale sharply in 2026, with platforms likely to require nearly 20 lakh additional workers during the year.

Compliance hurdles weigh heavily on GCCs expanding to tier-II cities

The Economic Times | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Jan. 7, 2026

Global Capability Centres which are looking at expanding into tier-II cities are facing significant compliance hurdles from India’s state-specific labour laws, forcing companies to rework HR policies and operating models as they scale across multiple locations.

The Great Reset: Will the Labour Codes improve ease of doing business?

Business Today | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Jan. 4, 2026

The employees’ compensation act, which kicks in when an employee is injured in an accident at the workplace, was enacted way back in 1923. It has remained in force even as India’s economy underwent a structural transformation—from a British colony attaining Independence in 1947, to experimenting with nationalisation in 1969, liberalisation in 1991 and, more recently, demonetisation, the introduction of the goods and services tax (GST), the outbreak of the Covid-19 pandemic and now the emergence of the digital economy.

Centre to restrict cough syrup sales by unlicensed village pharmacists

Business Standard | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Dec. 31, 2025

Following the death of 22 children due to consumption of contaminated cough syrups in Madhya Pradesh three months ago, the Union Health Ministry has proposed amendments in the country’s drug rules to ensure a tougher criterion for their over-the-counter (OTC) sales in India.

PM Modi के नेतृत्व में 2025 में लिए गए कई अहम फैसले|Charcha Me | Ease Of Doing Business | Hindi News

DD News | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Dec. 30, 2025

प्रधानमंत्री नरेंद्र मोदी के नेतृत्व में वर्ष 2025 के दौरान कई महत्वपूर्ण नीतिगत फैसले लिए गए हैं। इनमें Ease of Doing Business को मजबूत करने, प्रशासनिक सुधारों और आर्थिक प्रक्रिया को सरल बनाने पर विशेष जोर रहा है। Charcha Me में जानिए इन फैसलों का उद्देश्य और देश की अर्थव्यवस्था पर पड़ने वाले संभावित प्रभाव।

Can 2025 Reforms Drive Modi’s Viksit Bharat Vision? Here’s What To Know | The Big Question

NDTV Profit | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Dec. 29, 2025

The Modi government has outlined an ambitious reform agenda for 2025 aimed at accelerating India’s economic growth and strengthening its long-term development framework. The proposed reforms span multiple sectors and are positioned as key steps toward advancing the vision of Viksit Bharat. The reform push focuses on improving ease of doing business, boosting manufacturing and investment, strengthening infrastructure, and enhancing efficiency across the economy. The government sees 2025 as a critical year for implementing structural changes intended to support sustainable growth and improve India’s global economic competitiveness.

Just 1 in 4 MSME pharma units set for GMP transition as deadline nears

Business Standard | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Dec. 26, 2025

Only about 1,700, or 26 per cent of India’s estimated 6,500 MSME pharmaceutical manufacturers that were required to come up to speed with revised good manufa turing practices (GMP) norms by December 31, are likely to make the cut.

The Great Reset: Will the Labour Codes improve ease of doing business?

Business Today | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Dec. 24, 2025

2025:India’s Compliance ResetYear – From Criminalisation to Credible Governance

CXO Today | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Dec. 24, 2025

2025 marks a turning point in India’s regulatory and compliance landscape. As long-pending reforms move from intent to implementation, the year reflects a broader shift in how compliance is designed, enforced and experienced by organisations.

Big Tech's Data Centre Expansion in India: Opportunity, infrastructure and environmental trade-offs

StoryBoard18 | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Dec. 23, 2025

As Big Tech pours billions into AI-ready data hubs from Hyderabad to Visakhapatnam, India’s pursuit of digital supremacy collides with water stress, power strain and calls for stricter policy guardrails, even as global peers reel from the same resource backlash.

New Labour Code: 2025:अपॉइंटमेंट लेटर अब बना कानूनी दस्तावेज, जानें कर्मचारियों पर क्या होगा असर

Financial Express (Hindi) | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Dec. 22, 2025

21 नवंबर 2025 से नए लेबर कोड लागू होने से नियुक्ति पत्र अब कानूनी दस्तावेज होगा. इसमें 50% बेसिक पे अनिवार्य है, जिससे पीएफ और ग्रेच्युटी बढ़ेगी। साथ ही, काम के घंटे और छुट्टियों के नियमों में पारदर्शिता आएगी.

Can the Petroleum and Natural Gas Rules, 2025, replace regulatory uncertainty with execution certainty in India’s upstream oil and gas sector?

Fortune India | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Dec. 22, 2025

The Petroleum and Natural Gas Rules, 2025, mark a structural shift in India’s upstream regime, from permissions-driven oversight to execution-led certainty. By introducing a single petroleum lease covering exploration, development, and production, including unconventional hydrocarbons, the Rules eliminate fragmented approvals and sequential licensing.

Your job appointment letter and salary slip will change soon — here’s what new labour laws bring

The Financial Express | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Dec. 20, 2025

Once states notify the rules under the four new Labour Codes, employees are likely to see major changes starting from their appointment letters to monthly salary slips. From higher basic pay and clearer working hours to transparent PF, gratuity and leave rules, employment terms will become more structured and legally defined.

DPIIT’s framework for AI copyright faces questions on transparency, consent, and compliance costs

Tech Circle | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Dec. 19, 2025

Paul McCartney, titan of modern songwriting, released a track that contained nothing but recordings of empty studios in November. An unusual protest, McCartney joined thousands of musicians who spoke against the UK government’s planned changes to copyright law, which would make it easier to train AI models on copyrighted work without a licence.

It's a wrap: News this week (December 13-19)

Tech Circle | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Dec. 19, 2025

There have been multiple developments this week on the tech front. From M&A Deals to TCS' Aurionpro’s new deal, here is a list of the most important updates for a quick catch-up:

Labour Codes: Final rules still pending – Centre explains why

The Financial Express | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Dec. 17, 2025

Although the four Labour Codes officially came into force from November 21, 2025, companies are yet to make visible changes to wages, leave policies and compliance systems. The delay has triggered confusion among employees, trade unions and MPs, with the government clarifying in Parliament that full implementation depends on States and UTs finalising and notifying their rules under the new labour law framework.

New labour laws kick in, but 1-year gratuity rule still not in effect? What applies now and what depends on states

The Financial Express | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Dec. 13, 2025

The Centre has notified the four new Labour Codes as effective from November 21, 2025, but confusion remains over their actual implementation. Here’s what the law says, what experts clarify about gratuity eligibility, and which changes apply now versus those awaiting state rules.

नए लेबर कानून में 1 साल में ग्रेच्युटी मिलेगी या नहीं? कौन से नियम तुरंत हुए लागू और किस पर राज्यों के हाथ में फैसला

The Financial Express ( Hindi) | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Dec. 13, 2025

चारों नए लेबर कोड 21 नवंबर 2025 से लागू हो चुके हैं, लेकिन कई प्रावधानों को लेकर भ्रम बना हुआ है. कुछ बदलाव तुरंत लागू हैं, जबकि कुछ नियमों के अमल के लिए राज्यों की अधिसूचना का इंतजार है. यहां विस्तार से समझिए डिटेल

Top 5 Reasons Preventing Faster Rooftop Solar Adoption in India

Saur Energy | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Dec. 11, 2025

Solar energy has emerged as one of the most promising renewable energy sources in India's clean energy transition, with roughly 133 GW of installed solar capacity so far. However, despite government incentives like the PM Surya Ghar Yojana and India's ambitious renewable energy targets, residential solar adoption continues to face significant barriers. A record 6 GW of rooftop solar could be added this year, thanks mainly to the impetus from the scheme. But even then, we will be at 25% of targets for the scheme.

India’s AI Copyright Gamble: DPIIT’s hybrid licensing plan sparks battle over consent and fair pay

Story Board18 | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Dec. 11, 2025

India’s draft framework for AI training has ignited one of the sharpest intellectual-property debates the country has seen in years, with the Department for Promotion of Industry and Internal Trade (DPIIT) pushing a bold “One Nation, One Licence” model for generative AI systems. The white paper, which proposes a hybrid statutory licensing system allowing AI developers to use all “lawfully accessible” copyrighted content for training under a mandatory blanket licence, is being hailed as a long-overdue attempt to catch up with global AI policy.

India’s new labour codes: An invitation to build?

Campaign India | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Dec. 11, 2025

On November 21, four long-pending Labour Codes — the Code on Wages, 2019, Industrial Relations Code, 2020, Code on Social Security, 2020 and the Occupational Safety, Health and Working Conditions (OSHWC) Code, 2020 – came into effect.

India 2026: What’s Really Coming – Neelkanth Mishra on SparX

Singju | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Dec. 11, 2025

Mukesh Bansal sits down with economist and policy advisor Neelkanth Mishra to explain why 2026 could mark the beginning of a true golden age for Indian entrepreneurship and jobs. Mishra argues that a sharply lower cost of debt and equity, a well-capitalised banking system, and massive domestic equity flows via SIPs, EPFO and insurance are unleashing unprecedented risk capital for founders and businesses

‘Responsible contractors choose hotels with transparent compliance systems’: Rishi Agarwal, TeamLease RegTech

Hospitality Biz India | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Dec. 8, 2025

In an industry where guest experience hinges not just on service excellence but also on operational integrity, compliance has become one of the most critical and often underestimated pillars of hotel management.

Jagran Opinion: As MSME Tackles Compliance Burden, India Moves Toward A Simpler Regulatory State

The Daily Jagran | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Dec. 6, 2025

India’s next wave of economic expansion will depend less on adding new programmes and more on removing the silent frictions that tax every productive activity. A striking illustration comes from Decoding Compliance for Manufacturing MSMEs in India (TeamLease RegTech, 2025), which shows that a single manufacturing MSME operating in one state navigates 998 unique compliance obligations and 1,456 total annual compliances. It must secure over 70 approvals, maintain 48 statutory registers, and prepare for visits from 59 different inspectors.

Hospital fire safety in India: Challenges, gaps, and role of RegTech

Express Pharma | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Dec. 5, 2025

In an exclusive interview with Express Healthcare, Rishi Agrawal, Co-Founder and CEO, TeamLease RegTech highlights systemic failures, regulatory challenges, and the growing role of digital technologies in transforming hospital fire safety. He explains why compliance is often reactive, common safety gaps, and how hospitals can adopt Regulatory Technology (RegTech) to ensure continuous, proactive fire safety management.

Hiring slowdowns ahead unless recruiters modernise for DPDP compliance

Storyboard18 | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Dec. 4, 2025

As India operationalises Consent Managers under the Digital Personal Data Protection (DPDP) Act, recruiters are beginning to confront a new reality: candidate drop-offs will soon be transparent, recorded, and attributable.

Retirement Benefits Will Enhance, But Take Home Salary Will Reduce With New Labor Code - SBI Research

Trak.in | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Dec. 3, 2025

The new labour code which came into effect from November 21 will affect the take-home pay for many employees as the requirement to ensure that the basic salary makes up at least 50% of the total cost-to-company (CTC) would prompt employers to restructure pay packages.

India GCCs to reach 2,400 by 2030 despite H-1B restrictions

Outsource Accelerator | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Nov. 19, 2025

Currently, India’s GCCs span sectors from manufacturing to financial services, accounting for more than half of such centers worldwide and generating $64.6 billion in export revenue. TeamLease predicts that by 2030, this number will nearly double, producing an estimated US$110 billion in economic value. GCC staffing already contributes over 60% of TeamLease’s net revenue, underscoring the sector’s significance to the Indian economy.

Compliance cost: Burden on business still hidden in plain sight

Policy Circle | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Nov. 15, 2025

MSME compliance cost: In India’s business-regulatory ecosystem, a persistent paradox has emerged. On the one hand, the department for promotion of industry & internal trade has led multiple reform drives—including the Business Reforms Action Plan, the Reducing Compliance Burden exercise and the national single-window platform. On the other, the hidden, cumulative cost of regulation — especially for micro, small and medium enterprises — remains significant, opaque and uneven across states.

‘Nano GCCs' will bring next wave of capability centres in India

MSN | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Nov. 13, 2025

CHENNAI: The next decade of growth in global capability centres (GCCs) will be defined by “Nano GCCs” – small, agile, compliance-intensive hubs that specialise in niche domains and employing between 50 and 150 highly-skilled professionals and prioritising innovation over scale, says latest report.

India’s GCCs Power 10.4 Million Jobs, Face Complex Compliance Challenges: Report

Elets | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Nov. 13, 2025

Global Capability Centres Between FY23 and FY25, India added 220 new Global Capability Centres (GCCs), recording a 14% growth in just two years. The momentum shows no sign of slowing — TeamLease India projects the creation of 2.8–4 million new jobs by FY2030, with 14–22% of new hires expected to be digital-first freshers trained in AI, cloud computing, data engineering, and cybersecurity.

GCCs to generate 40 lakh jobs by 2030: Report

Construction Week Online | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Nov. 13, 2025

India hosts more than 1,800 Global Capability Centres (GCCs), employing 1.9 million professionals and generating USD 64.6 billion in export revenue in FY25, according to TeamLease’s report, GCCs in India: Cultivating Capability, Ensuring Compliance. Over 220 new centres have been added since FY23, marking a 14% increase. The sector is expected to create between 2.8 and 4 million jobs by FY2030. TeamLease estimates the total employment ecosystem at 10.4 million, including direct, allied, and induced jobs.

India’s 1,800 GCCs Generate 10.4 Million Jobs While Meeting 537 Unique Legal Obligations: TeamLease Report

CXO Today | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Nov. 13, 2025

India’s emergence as a global hub for Global Capability Centres (GCCs) is being powered by a mix of deep digital talent but a complex web of compliance. A report by TeamLease, titled ‘GCCs in India: Cultivating Capability, Ensuring Compliance,’ reveals that India now hosts over 1,800 GCCs—accounting for 55% of the global total—employing 1.9 million professionals and generating USD 64.6 billion in export revenue in FY25.

‘Nano GCCs' will bring next wave of capability centres in India

MSN | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Nov. 13, 2025

India’s GCC Sector Poised to Add 4 Million Jobs by 2030 — But Faces Rising Compliance Pressures: TeamLease Report

GCC Rise | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Nov. 13, 2025

India’s dominance in the Global Capability Centre (GCC) landscape continues to deepen, with the potential to generate 2.8–4 million new jobs by FY2030, according to the latest TeamLease report titled “GCCs in India: Cultivating Capability, Ensuring Compliance.”

H‑1B jobs in India: How Nano-GCC is fueling $110‑Billion boom

The Financial Express | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Nov. 13, 2025

India is expected to have more than 2,400 Global Capability Centres (GCCs) by 2030, according to a new report by staffing firm TeamLease Services, cited by Reuters. The report added that the US government’s tighter immigration rules under President Donald Trump, especially around H-1B visas, have done little to slow down multinational companies from expanding their operations in India.

‘India’s GCC count to hit 2,400 by 2030’

Press Reader | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Nov. 13, 2025

H1B Jobs Shift to India as Nano GCCs Fuel 110 Billion Dollar Growth

Brics.com | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Nov. 13, 2025

Multinational corporations are accelerating their expansion in India despite tighter H1B visa restrictions in the United States. A recent report by TeamLease Services revealed that India is projected to host more than 2400 Global Capability Centres by 2030, driven by its skilled workforce, competitive costs, and new state-level policies.

India's GCC Revolution: Balancing Growth with Compliance

Devdiscourse | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Nov. 13, 2025

India is set to expand its Global Capability Centres (GCCs) workforce by 2.8-4 million jobs by 2030, driven by digital skills demand. However, the sector faces complex regulatory challenges, requiring more than 500 legal obligations for compliance across diverse areas such as labour, tax, and cybersecurity.

‘Nano GCCs' will bring next wave of capability centres in India

MSN | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Nov. 13, 2025

GCC sector to add 2.8-4 mn jobs by FY30 in India, raise compliance needs for operators: Report

MSN | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Nov. 12, 2025

India's emergence as a hub for Global Capability Centres (GCCs) with a potential to create 2.8-4 million new jobs by 2029-30 has brought to light the sector's need to meet various legal obligations, according to a report. The report by TeamLease, GCCs in India: Cultivating Capability, Ensuring Compliance', revealed that India hosts over 1,800 GCCs, accounting for 55 per cent of the world's total, employs 1.9 million professionals and generates USD 64.6 billion in export revenue in FY25.

‘India’s GCC count to hit 2,400 by 2030’

Press Reader | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Nov. 12, 2025

India could host more than 2,400 global capability centres (GCCs) by 2030, TeamLease Services said on Wednesday, adding that US President Donald Trump’s H-1B visa crackdown has had little effect on multinational offshoring plans. The country currently houses over 1,800 GCCs spanning manufacturing to financial services, accounting for more than half of such centres globally and contributing $64.6 billion in export revenue, the staffing firm said in a report, adding that that number is expected to nearly double and generate $110 billion in economic value by 2030.

India GCCs to add 4 million jobs by FY30: TeamLease Report

Press Reader | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Nov. 12, 2025

India has cemented its position as the world’s leading hub for GCCs, driven by a strong digital talent pool, but is challenged by complex compliance requirements. According to a TeamLease report, the country now hosts over 1,800 GCCs — over half of the global total — employing 1.9 million professionals and generating $64.6 billion in export revenue in FY25.

GCC sector to add 2.8-4 mn jobs by FY30 in India, raise compliance needs for operators: Report

MSN | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Nov. 12, 2025

India’s GCCs Power 10.4 Million Jobs, Face Complex Compliance Challenges: Report

E Gov | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Nov. 12, 2025

Between FY23 and FY25, India added 220 new Global Capability Centres (GCCs), recording a 14% growth in just two years. The momentum shows no sign of slowing — TeamLease India projects the creation of 2.8–4 million new jobs by FY2030, with 14–22% of new hires expected to be digital-first freshers trained in AI, cloud computing, data engineering, and cybersecurity.

India’s GCC count to grow to 2,400 by 2030; impact of H1-B crackdown minimal, says TeamLease

Investing.com | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Nov. 12, 2025

-India could host more than 2,400 global capability centres by 2030, TeamLease Services said on Wednesday, adding that U.S. President Donald Trump’s H-1B visa crackdown has had little effect on multinational offshoring plans. The country currently houses over 1,800 GCCs spanning manufacturing to financial services, accounting for more than half of such centres globally and contributing $64.6 billion in export revenue, the staffing firm said in a report, adding that that number is expected to nearly double and generate $110 billion in economic value by 2030.

GCC Sector to Add Millions of Jobs in India by FY30

Rediff | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Nov. 12, 2025

Mumbai, Nov 12 (PTI) India's emergence as a hub for Global Capability Centres (GCCs) with a potential to create 2.8-4 million new jobs by 2029-30 has brought to light the sector's need to meet various legal obligations, according to a report. The report by TeamLease, GCCs in India: Cultivating Capability, Ensuring Compliance', revealed that India hosts over 1,800 GCCs, accounting for 55 per cent of the world's total, employs 1.9 million professionals and generates USD 64.6 billion in export revenue in FY25.

Rhetoric to reality: Bridging India’s ‘ease of doing business’ gap

The Week | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Nov. 12, 2025

When Prime Minister Narendra Modi inaugurated the Uttar Pradesh International Trade Show in September 2025, his remarks went beyond ceremonial optimism. He reaffirmed India’s vision of making everything “from chips to ships,” celebrated the structural GST reforms rolled out just days earlier, and highlighted the transformative potential of digital platforms like UPI, GeM, and ONDC in democratising opportunities for MSMEs and startups. In short, PM Modi underscored Ease of Doing Business (EoDB) as not merely a technocratic scorecard, but central to India’s growth story.

India's GCC count to grow to 2,400 by 2030; impact of H1-B crackdown minimal, says TeamLease

Market Screener | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Nov. 12, 2025

-India could host more than 2,400 global capability centres by 2030, TeamLease Services said on Wednesday, adding that U.S. President Donald Trump's H-1B visa crackdown has had little effect on multinational offshoring plans. The country currently houses over 1,800 GCCs spanning manufacturing to financial services, accounting for more than half of such centres globally and contributing $64.6 billion in export revenue, the staffing firm said in a report, adding that that number is expected to nearly double and generate $110 billion in economic value by 2030.

India's GCC Count to Grow to 2,400 by 2030; Impact of H1-B Crackdown Minimal, Says TeamLease By Reuters | Nov. 12, 2025, at 4:29 a.m.

US News | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Nov. 12, 2025

GCC Tech Sector Projected to Create Millions of Jobs by FY30

Observer Voice | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Nov. 12, 2025

India’s Global Capability Centre (GCC) ecosystem is on a remarkable growth trajectory, currently employing 1.9 million professionals and projected to create an additional 2.8 to 4 million jobs by the fiscal year 2030. A recent report by TeamLease highlights that India is home to over 1,800 GCCs, which account for 55% of the global total and generate significant export revenue. However, as this sector expands, it faces increasing regulatory and compliance challenges that operators must navigate. The TeamLease report, titled “GCCs in India: Cultivating Capability, Ensuring Compliance,” reveals that India’s GCCs are poised for a digital-first growth phase.

India's GCC count to grow to 2,400 by 2030; impact of H1-B crackdown minimal, says TeamLease

The Straits Times | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Nov. 12, 2025

‘Nano GCCs’ to Power Next Wave of Capability Centres in India

The Unique Times | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Nov. 12, 2025

India’s global capability centre (GCC) ecosystem is set for a transformation driven by the rise of “Nano GCCs” — compact, innovation-focused hubs employing 50–150 highly skilled professionals. According to a Teamlease report, these centres will focus on niche areas such as semiconductors and chip design, AI and ML, biotech and pharma R&D, telecom and 5G services, and EV systems. The report projects India’s GCC base to grow from 1,800 in 2025 to 2,400 by 2030, recording an 11–12% CAGR.

GCCs in India drive 10.4 million jobs, 30% higher pay, 2,000+ legal obligations

IBEF | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Nov. 12, 2025

Between FY23 and FY25, India added 220 new Global Capability Centres (GCCs), marking a 14% increase in two years. TeamLease India projects the creation of 2.8 to four million additional jobs by FY30, with 14 to 22% of new hires expected to be digital-first freshers skilled in artificial intelligence (AI), cloud computing, data engineering, and cybersecurity. The report titled “GCCs in India: Cultivating Capability, Ensuring Compliance” noted that India now hosts over 1,800 GCCs, representing 55% of the global total. These centres employ 1.9 million professionals and generate Rs. 5,72,873 crore (US$ 64.6 billion) in export revenue as of FY25. In total, the GCC sector supports 10.4 million jobs, with average salaries 25 to 30% higher than the national average.

India’s GCC count to grow to 2,400 by 2030; impact of H1-B crackdown minimal, says TeamLease

The Print | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Nov. 12, 2025

GCC sector to add up to 4 mn jobs by FY30 amid rising compliance

Business Standard | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Nov. 12, 2025

India added 220 new GCCs in 2 years; Sector eyes 4 million more jobs by FY30

Story Board18 | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Nov. 12, 2025

India has solidified its position as the world’s largest hub for Global Capability Centres (GCCs), hosting over 1,800 centres, and employing 1.9 million people, according to a new TeamLease report titled “GCCs in India: Cultivating Capability, Ensuring Compliance.” The report said that over 220 new GCCs were added between FY23 and FY25, marking a 14% increase in two years. Moreover, the sector supported 10.4 million jobs, including 2 million direct, 1.8 million allied, and 6.5 million induced roles. Mid-sized centres employ more than 210,000 professionals, and salaries in the space are 25–30% higher than the national average, the report noted.

Tech jobs: GCC sector may add up to 4 million jobs by FY30, .. Read more at: http://timesofindia.indiatimes.com/articleshow/125278204.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

The Times of India | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Nov. 12, 2025

India’s fast-growing Global Capability Centre (GCC) which already employs 1.9 million professionals -- is set to create an additional 2.8 to 4 million jobs by FY30, according to a new report by TeamLease.

India's GCC count to grow to 2,400 by 2030; impact of H1-B crackdown minimal, says TeamLease

Medial | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Nov. 12, 2025

India is set to host over 2,400 Global Capability Centres (GCCs) by 2030, according to TeamLease Services, up from the current 1,800. The U.S. H-1B visa crackdown has had minimal impact on multinational plans, with most centers backed by U.S. firms, while European and Southeast Asian companies are also investing.

GCCs in India drive 10.4 mn jobs, 30% higher pay, 2,000+ legal obligations

Business Standard | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Nov. 12, 2025

Between fiscal year(FY) 23 and FY25, India added 220 new Global Capability Centre (GCC), marking a 14% increase in just two years. The sector’s growth trajectory shows no sign of slowing—TeamLease India projects another 2.8–4 million jobs by FY2030, with 14–22% of new hires expected to be digital-first freshers trained in AI, cloud computing, data engineering, and cybersecurity.

India’s GCCs Create 10.4 Mn Jobs, Struggle With Heavy Compliance Load

BW Businessworld | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Nov. 12, 2025

India’s Global Capability Centres (GCCs) have emerged as one of the country’s largest organised employment generators, but their rapid expansion is also drawing them into an increasingly complex web of compliance. A new report titled “GCCs in India: Cultivating Capability, Ensuring Compliance” finds that India now hosts more than 1,800 GCCs, accounting for 55 per cent of the global total. Together, they employ about 1.9 million professionals and generated USD 64.6 billion in export revenue in FY25. The sector added 220 new centres between FY23 and FY25, marking a 14 per cent increase in two years.

GCC sector to add 2.8-4 mn jobs by FY30 in India raise compliance needs for operators Report

The Week | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Nov. 12, 2025

GCC sector to add 2.8-4 mn jobs by FY30 in India, raise compliance needs for operators: Report

The Economic Times | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Nov. 12, 2025

India's GCC count to grow to 2,400 by 2030; impact of H1-B crackdown minimal, says TeamLease

ET HR World | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Nov. 12, 2025

India could host more than 2,400 global capability centres by 2030, TeamLease Services said on Wednesday, adding that U.S. President Donald Trump's H-1B visa crackdown has had little effect on multinational offshoring plans.

India's GCC count to grow to 2,400 by 2030; impact of H1-B crackdown minimal, says TeamLease

Reuters | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Nov. 12, 2025

Nov 10 - India could host more than 2,400 global capability centres by 2030, TeamLease Services (TEAM.NS), opens new tab said on Wednesday, adding that U.S. President Donald Trump’s H-1B visa crackdown has had little effect on multinational offshoring plans.

India's GCC Sector Employs 10.4 Million While Navigating 537 Legal Obligations

Autocar Professional | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Nov. 12, 2025

India has established itself as the world's leading destination for Global Capability Centres (GCCs), hosting over 1,800 centres that account for 55% of the global total, according to a new report by TeamLease. The sector currently employs 1.9 million professionals directly and supports a total of 10.4 million jobs across direct, allied, and induced categories. The report, titled 'GCCs in India: Cultivating Capability, Ensuring Compliance,' reveals that the country added more than 220 new centres between FY23 and FY25, representing a 14% increase. These centres generated USD 64.6 billion in export revenue in FY25, while offering salaries 25-30% above the national average.

‘Nano GCCs' will bring next wave of capability centres in India

The New Indian Express | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Nov. 12, 2025

India to have more than 2,400 global capability centres by 2030; impact of H1-B crackdown minimal: TeamLease

The Hindu BusinessLine | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Nov. 12, 2025

India could host more than 2,400 global capability centres by 2030, TeamLease Services said on Wednesday, adding that US President Donald Trump’s H-1B visa crackdown has had little effect on multinational offshoring plans.

GCC sector to add 2.8-4 mn jobs by FY30 in India, raise compliance needs for operators: Report

PTI | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Nov. 12, 2025

MUMBAI: (Nov 12) India's emergence as a hub for Global Capability Centres (GCCs) with a potential to create 2.8-4 million new jobs by 2029-30 has brought to light the sector's need to meet various legal obligations, according to a report. The report by TeamLease, GCCs in India: Cultivating Capability, Ensuring Compliance', revealed that India hosts over 1,800 GCCs, accounting for 55 per cent of the world's total, employs 1.9 million professionals and generates USD 64.6 billion in export revenue in FY25.

India to Host 2,400 GCCs by 2030, Shrugging Off H-1B Turbulence

Sights in Plus | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Nov. 12, 2025

India is poised to solidify its position as the undisputed global hub for corporate shared services, with the number of Global Capability Centers (GCCs) in the country projected to surge by a staggering 33% to over 2,400 by the year 2030.

Centre brings draft rules to debar drugmakers who provide fake information

Business Standard | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Oct. 29, 2025

The Centre has come out with draft rules which seek to amend the Drugs Rules, 1945 to debar drug-makers who give misleading or fake information to the licensing authorities. It has invited suggestions and objections from stakeholders within 30 days.

“India’s regulatory cholesterol is thinning”: Rishi Agrawal on why Ease of Doing Business is India’s next big growth engine

SME Futures | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Oct. 29, 2025

India’s economic ascent is increasingly being shaped not just by its demographic dividend or global supply chain shifts but by its ability to simplify the way businesses operate. In this exclusive interview, Rishi Agrawal, CEO and Co-founder of Teamlease Regtech, unpacks the critical role of Ease of Doing Business (EoDB) in catalysing investment, entrepreneurship, and sectoral transformation.

Tamil Nadu to amend 1950 Factories Rules, allow women in hazardous jobs

Press Reader | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Oct. 23, 2025

The Tamil Nadu government plans to amend the archaic law, Tamil Nadu Factories Rules 1950, to enable women to work in about 20 operations listed as dangerous. Of all the women working in factories across India in the organised sector, nearly 42 per cent are from Tamil Nadu, and the amendment will increase the share further, said government sources.

Away From The Buzz: How Moglix Built A $700 Mn Global B2B Marketplace

Inc.42 | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Oct. 21, 2025

India’s ecommerce narrative has been dominated by consumer marketplaces and D2C brands. From record-breaking festive sales and the rise of new-age brands to the explosive growth of quick commerce — consumer-facing platforms have captured most of the spotlight and conversation.

How Moglix Built A $700 Mn Global B2B Marketplace

Startup News | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Oct. 21, 2025

Oiling a growth engine

Law Asia | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Oct. 16, 2025

Alan Mulally, the former president and CEO of Ford Motor Company, once said: “No country is ever successful in the long term … without a really strong and vibrant manufacturing base.”

Death in a bottle: Toxic cough syrups once again prove fatal for children

Business Standard | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Oct. 15, 2025

It is a sunny Saturday morning in Northeast Delhi’s Dilshad Garden with a crowd of fifteen to twenty people thronging a pharmacy in the colony’s main market. Among the customers holding up prescriptions are the parents of a six-year old boy, their hands flailing. The boy is suffering from a bout of cough and cold. “Bhaiya, yeh syrup sahi toh hai na? (Is this syrup okay?)” asks the mother, to which the pharmacist answers in the affirmative. “A lot of parents have started to ask this question now,” Mahesh, who works at the pharmacy, said. Two weeks have passed since the initial news of children dying due to kidney failure caused by contaminated cough syrups surfaced in Madhya Pradesh’s Chhindwara district.

Shram Shakti Niti 2025 Set to Enhance Workforce Inclusion in India Inc, Streamli ..'

The Economic Times (CFO) | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Oct. 15, 2025

India Inc’s staffing and finance leaders have lauded the government’s draft National Labour and Employment Policy, Shram Shakti Niti 2025 as a potent

Temporary staffing services, gig industry face high attrition amid demand surge

The New Indian Express | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Oct. 11, 2025

CHENNAI: Even as job openings in the gig and temporary staffing sectors have surged 15–20% year-on-year during the ongoing festive season, manpower supply has not kept pace, with attrition rates hovering between 35% and 40%.

To truly transform governance, reforms must ask 'why' certain rules exist

Business Standard | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Oct. 9, 2025

As India enters the next phase of governance reforms, the key question is what they should target to go beyond past achievements. Over the last decade, more than 40,000 ease-of-doing-business measures — from the Single Window Interface and e-Sanchit to faster insolvency resolution and online tax filing — have significantly reduced time, costs, and procedural complexity. Yet a contrasting picture emerges. With 9,420 new compliances added in 2023 alone (TeamLease), further reforms are needed to create a truly globally competitive and efficient business environment.

India’s EODB Journey: Key Reforms Every Business Should Know

SME Street | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Oct. 7, 2025

Over the past five years, India has been steadily transforming its regulatory landscape to make doing business simpler, faster, and more transparent. Reforms such as streamlined tax systems, digitised processes, and improved infrastructure have reduced bureaucratic hurdles and simpified compliance.

Gig Workers in India Get Social Security Boost

Credi-fi | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Oct. 2, 2025

The recent implementation of the Code on Social Security in India marks a significant milestone for gig workers, including delivery personnel working for major platforms like Amazon, Flipkart, Swiggy, and Zomato. This new legal framework introduces essential protections for these workers who have long been operating without formal security measures. For the first time, gig and platform workers are recognized under a structured system, allowing them to access vital benefits.

Steering Through India’s Complex Compliance Landscape: Rishi Agrawal, TeamLease RegTech

Tech Achieve Media | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Oct. 1, 2025

Compliance continues to be one of the toughest barriers to doing business in India, with companies grappling with thousands of laws, overlapping jurisdictions, and constant regulatory updates.

Revitalising Cosmetic Standards & Compliance

Bio Spectrum | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Oct. 1, 2025

A huge craze among consumers for cosmeceuticals, by going into marketing and brand appeal, is setting a dangerous precedent.

1,000 regulatory updatesin the last 30 days: How GenAI can help

CXO Today | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Oct. 1, 2025

Regulation can be an albatross around the neck for many enterprises. The challenge is not just the sheer amount of rules they have to comply with. Keeping track of new rules and updates is even more complicated as the information is scattered across websites, which makes keeping track difficult.

Trump tariffs and India's options: Shield exports, clean up domestic act

Business Standard | Teamlease Regtech | Sept. 22, 2025

American shoppers may soon feel the pinch of Donald Trump’s tariffs. High tariffs on consumer goods imported into the United States (US) will lead to inflation. Over time, this will affect most US citizens, and economic growth may stagnate if demand declines. Also, as the prices of intermediate goods increase, the cost of domestic manufacturing — and ultimately the prices of domestically produced goods — will rise.

RBI Moves To Secure India’s Expanding Digital Payments Backbone

Business World | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Sept. 17, 2025

The Reserve Bank of India (RBI) on Monday rolled out comprehensive regulatory directions to govern payment aggregators (PAs), aiming to bring greater accountability, transparency and resilience to the fast-expanding digital payments sector. The new guidelines, effective immediately, classify PAs into three categories; PA-P for physical, PA-CB for cross-border, and PA-O for online operations, and lay down capital requirements, fund management rules, governance norms and cybersecurity protocols for non-bank entities.

500 micro cuts: Compliance burden weighs heavy on MSMEs that have to adhere to over 500 micro regulations every year

The Economic Times | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Sept. 7, 2025

The number of regulations that an entrepreneur has to comply with is much like a tangled web. And if they trip, it can prove costly. Sample this: failure to whitewash washrooms once every four months, or varnish woodwork in cafeterias, or display maternity benefits on a billboard can land an entrepreneur in jail. These are just a few of the 512 regulations that micro, small and medium enterprises (MSMEs) with a single factory in a state have to comply with annually on average, say experts, calling for urgent reforms.

New GST Rates 2025 LIVE Updates: Ambanis promise to pass on GST relief to consumers; hail move as ‘progressive step towards affordability’

The Indian Express | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Sept. 4, 2025

New GST Rates Cut in India 2025 Highlights: Casino operators in Goa worry that 40% Goods and Services Tax (GST) levy on casinos would significantly hamper the industry, leading to a decline in footfall at casinos, impediments to fresh investment and a potential threat to “thousands of jobs”. Casinos earlier came under the 28% GST slab on the full face value of bets.

GST Reforms to Spur Manufacturing Boom, Boost Jobs Across India: Executives

Myanmar | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Sept. 4, 2025

India's GST 2.0 Reforms Herald Manufacturing Surge

Devdiscourse | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Sept. 4, 2025

India's GST 2.0 reforms are set to boost manufacturing and sales-led employment, reducing tax burdens on essential consumer goods. The new tax regime aims to enhance domestic production, reclassifying goods to lower tax rates and paving the way for economic growth and self-sufficiency.

GST rates News Highlights: 'GST reforms starting Sept 22 will give a big leg up to economy and GDP growth', says Piyush Goyal

Money Control | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Sept. 4, 2025

Union Commerce and Industry Minister Piyush Goyal on Thursday described the GST reforms as game-changing and asked the industry to pass on the full benefit to consumers. Addressing an event, India MedTech Expo 2025 in Delhi, Goyal said the reduction in GST would benefit every consumer.

GST reforms to spur manufacturing boom, boost jobs across India: Executives

ANI News | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Sept. 4, 2025

New Delhi [India], September 4 (ANI): Companies in India will ramp up manufacturing of consumer goods following the Government's GST (Goods and Services Tax) 2.0 reforms, a move executives say will drive both manufacturing and sales-led employment across the country. "Organisations will increase manufacturing of these products, and this will directly lead to both manufacturing- as well as sales-led employment in the country," said Lohit Bhatia, President - Workforce Management, Quess Corp.

The age Of anti-aging decoding the hype, hope And hard truths

Express Pharma (Nutra) | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Sept. 1, 2025

The pursuit of beauty and youth is nothing new. Humanity has been obsessed with defying age since the be- ginning of time. Legends like the Fountain of Youth and the alchemists’ elixirs, beauty practices of the famed Egyptian-queen Cleopatra and the longevity routines of tech entrepreneur Bryan Johnson, are cases in point. However, in the modern day, this quest has evolved into a multi-billion dollar industry, a marketable promise spanning medicine, cosmetics and lifestyle interventions.

What CDSCO's New SEC Guidelines Mean for Pharma and Medical Device Companies

Solar Quarter | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Sept. 1, 2025

The Central Drugs Standard Control Organisation (CDSCO) has issued its first formal guidelines on Subject Expert Committees (SECs) for drug, biologic, and medical device approvals. This move—aligned with WHO recommendations—seeks to fix longstanding issues of ad-hoc processes, unclear eligibility, and inconsistent decisions that slowed approvals and weakened trust.

Energy Conservation Rules 2025 Driving Compliance And Sustainability In India – Rishi Agrawal CEO And Co-Founder, Teamlease Regtech

Pharma Industrial | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Sept. 1, 2025

The draft Energy Conservation Rules, 2025, mark a clear departure from the earlier compliance framework under the Energy Conservation Act. Historically, the Bureau of Energy Efficiency (BEE) functioned largely as a standards-setting and advisory body, with limited enforcement capacity. While energy-intensive industries such as steel, cement, automobiles, and heavy manufacturing were expected to comply with efficiency norms, weak enforcement meant adherence often became a formality rather than a meaningful obligation.

The age Of anti-aging decoding the hype, hope And hard truths

Express Pharma (Nutra) | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Sept. 1, 2025

Festive Hiring Eases to 20% in 2025, But Still Adds 2.16 Lakh Jobs — The Seasonal Jobs Paradox Explained

Outlook Business | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Sept. 1, 2025

India’s festive gig hiring boom is cooling but not shrinking. From a sharp 45% jump in 2021, growth has eased to around 15–20% in 2025, yet the absolute number of roles continues to rise, crossing 2.16 lakh jobs. Ecommerce, quick commerce, and logistics remain at the forefront, with smaller cities contributing heavily to demand

Tariff threat: Convene CMs’ meet, put reforms on clock

The New Indian Express | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Aug. 31, 2025

The WhatsApp Universe is caught in a spicy tizzy. Last year, the forwards industry was busy propagating prayers and a havan for Donald Trump’s re-election and a boycott of Chinese goods. This week, as the India-China détente unfolds in Tianjin, touch-screen warriors trashing Trump are in a bind whether Chinese goods are kosher or not.

Wind to Command Bigger Role in Power Market as Renewables Share Surge: Suzlon’s Girish Tanti

Outlook Business | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Aug. 29, 2025

Suzlon, with nearly 40% share of India’s wind energy market, stands at the forefront of the country’s clean energy transition. In an interview with Outlook Business, Vice Chairman Girish Tanti highlights the vast potential of wind power, its growing importance in India’s energy mix and the critical challenges the sector must overcome.

Decriminalising offences under Apprenticeship Act to boost skilling

Business Standard | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Aug. 26, 2025

In a bid to boost India’s skilling ecosystem and help the industry absorb more apprentices, the government has replaced penalties under the Apprenticeship Act, 1961 with advisories, censures, and graded fines.

Empowering the energy efficiency watchdog

Press Reader | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Aug. 26, 2025

The Power Ministry has released the draft Energy Conservation (Compliance Enforcement) Rules, 2025, which will facilitate active enforcement under the Energy Conservation Act, 2001. Proposed in the Rules are more powers to the Bureau of Energy E ciency (BEE).

Real-money gaming ban may hit payment, regtech businesses hard

MSN | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Aug. 22, 2025

The second-order effects of a ban on real-money gaming (RMG) are set to be felt across the fintech sector, with digital payment companies and regulatory technology startups bracing for a large chunk of their business disappearing.

The Gaps In RBI’s “Build It All, But Responsibly” Vision For AI In Fintech

Inc.Business | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Aug. 22, 2025

Like the computer revolution, which brought sweeping changes to the Indian banking industry, AI threatens to rewrite the rules of banking and finance. But the risk in AI-led transformation of fintech and banking is much greater than any tech adoption in the past.

One Glitch Away: The Case for a Sovereign Digital Infrastructure in India

Express Computer | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Aug. 21, 2025

India’s digital economy is growing at an unprecedented rate. This growth brings an urgent need to ensure that the infrastructure underpinning it is both resilient and sovereign. At the heart of this conversation lies data localisation, which ensures that critical data resides in the country, governed by domestic law.

ETtech Explainer: What happens after Lok Sabha clears Online Gaming Bill?

MSN | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Aug. 21, 2025

The Lok Sabha on Wednesday passed the Promotion and Regulation of Online Gaming Bill, 2025, seeking a blanket ban on real money gaming in India, minutes after it was introduced in the House.

Trump Tariff Threat: Four Fixes India Needs for Viksit Bharat Reality

Money Life | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Aug. 19, 2025

President Trump’s 50% tariff threat on Indian exports in mid-2025 sent shockwaves through Indian’s power elite. Policy-makers, business leaders and economists say it is a wake-up call: India must act decisively—or risk losing ground in the global economy.

India’s cosmetics industry gets a compliance makeover with 2025 amendments

ET Edge | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Aug. 18, 2025

The Indian cosmetic industry stands at an interesting crossroads, driven by a rapidly expanding domestic market, a dynamic regulatory landscape and evolving demand patterns. Over the past decade, the beauty and personal care sector has transformed significantly, with Generations Z and Alpha fueling demand for diverse, trend-driven products influenced by popular culture.

India Got Independence 78 Years Ago, It's High Time We Give Our Businesses More Freedom: Analysis

ZeeNews | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Aug. 15, 2025

India’s business ecosystem is governed by 1,536 Acts at the union, state, and local levels, embedding 26,134 clauses that carry the possibility of imprisonment. These aren’t limited to serious fraud or environmental damage; even procedural lapses can send a businessperson to jail.

US bullying spurred Green Revolution. Let tariffs give us a Business Revolution

The Print | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Aug. 13, 2025

In the context of the rather rude and outlandish posture toward India that US President Donald Trump has taken, we are tempted to hark back to 1971 — to Richard Nixon and Henry Kissinger calling us “bastards”, sending aircraft carriers to intimidate us, and actually inciting Maoist China to attack us. I would argue that this historical reference, while valid, is not the most relevant one.

India at 2047: A Reform Blueprint of 100 Ideas to Power the Journey to Viksit Bharat

Business Today | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Aug. 11, 2025

India will mark a century of Independence in 2047. In just over two decades, the country could well be among the world’s top three economies, a technological powerhouse and a decisive voice in global business and geopolitics. But there is nothing inevitable about this rise.

1400+ laws for manufacturing SMEs: ‘Over’ compliance affects both finance and efficiency

SME Futures | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Aug. 6, 2025

Winston Churchill once remarked, “If you have ten thousand regulations, you destroy all respect for the law.” To understand the truth behind this statement, one needs only to look at the small and medium manufacturing units that make up India’s MSME sector. India’s regulatory landscape for MSMEs is vast and overwhelming. To start, manage and operate an enterprise, MSMEs have to navigate through a web of complex compliance.

India must simplify regulations to boost renewable energy growth

Global Benifit Report | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Aug. 4, 2025

The post India must simplify regulations to boost renewable energy growth has been created, based on the article “For energy security, a redesign” published in “Indian Express” on 4th August 2025. India must simplify regulations to boost renewable energy growth.

Vikram Singh Mehta writes: For energy security, a redesign

The Indian Express | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Aug. 4, 2025

Energy security has typically been discussed within the frame of access, reliability and affordability of fossil fuels. Today, however, against the backdrop of global warming and India’s commitment to reach net zero carbon emissions by 2070, this results in too narrow a perspective.

India’s Labor Codes 2025-26: Key Reforms, Wage Rules, and Leave Policies Explained

Global Benifit Report | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Aug. 4, 2025

India’s workforce, employing over 50 crore workers, is on the cusp of transformation with the anticipated rollout of the four new labor codes in 2025-26. These codes—Code on Wages (2019), Industrial Relations Code (2020), Code on Social Security (2020), and Occupational Safety, Health, and Working Conditions (OSH) Code (2020)—consolidate 29 central labor laws to enhance worker protections and simplify compliance.

Solar power firms learn to live with red tape

The Financial Express | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Aug. 4, 2025

Late last week, India achieved a significant milestone by outpacing Japan to become the third largest solar energy generating country in the world. The country has produced 1,08,494 GWh solar power compared to 96,459 GWh generated by Japan.

The Financial Express

Press Reader | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Aug. 4, 2025

Noise and signal from Trump’s tariff tantrums

The New Indian Express | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Aug. 3, 2025

In November 2024, Donald J Trump’s fans in Delhi conducted prayers and a ‘havan’ for his success in the US presidential elections. The prayers worked well for Trump, as he recorded a historic victory, but not quite so for his Indian groupies.

Telecom Overhaul: New Policy Calls for ₹1 Tn Capex, 1 Mn Jobs, But Raises Compliance Burden

Outlook Business | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | July 30, 2025

The Centre’s Department of Telecommunications on July 23 released the draft of the National Telecom Policy (NTP) 2025 for public consultation. The 21-page policy document, which aims to double the sector’s GDP contribution by 2030, calls for ₹1 lakh crore ($12bn) in annual infrastructure investment.

Compliance SOPs Every Business Should Have in 2025

Brick orbis | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | July 30, 2025

In the ever-shifting landscape of Indian business regulations, 2025 stands as a milestone year. With the rollout of the Digital Personal Data Protection Act, significant amendments to the Companies Act, and increased scrutiny of ESG disclosures, compliance is no longer an afterthought—it’s a strategic imperative.

MSMEs burdened by high compliance costs; face over 1,450 regulations annually: Report

The alley for Indian Chartered Accountants | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | July 29, 2025

A TeamLease RegTech report reveals Indian manufacturing MSMEs face hefty compliance costs, reaching Rs 13-17 lakh annually, navigating over 1,450 regulatory obligations across various laws. Entrepreneurs are urging regulatory reforms to ease burdens, streamline processes, and foster innovation, addressing concerns like supply chain issues and lack of digital connectivity.

2,735 reasons why India needs to cut red tape

The Times of India | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | July 26, 2025

India's ambitious renewable energy goals are threatened by excessive red tape, exemplified by the 2,735 compliance obligations for solar plants. This regulatory burden, involving numerous agencies and manual processes, hinders ease of doing business and discourages investment.

Regulatory overload: MSMEs face Rs 13 lakh yearly compliance costs, over 1,000 regulations and high jail risk, says report

MSN | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | July 10, 2025

A single manufacturing unit of an MSME is required to adhere to 998 unique and 1,450 total obligations annually to run smoothly in the country; these also encompass over 480 imprisonment clauses, primarily related to procedural lapses, according to a report by regulatory technology firm TeamLease Regtech.

TeamLease RegTech’s New Report on MSME Compliance Burden

APN News | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | July 4, 2025

TeamLease Regtech, India’s leading Regulatory Technology (Regtech) solutions company, has released its report titled ‘Decoding Compliance for Manufacturing MSMEs in India.’ Micro, Small and Medium Enterprises (MSMEs) are the backbone of the Indian economy.

Generative AI Needs Its iTunes Moment for AI Copyright

Analytics India Magazine | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | July 3, 2025

The tussle between breaking copyright and enforcing it has long existed before the advent of AI. However, it may have become worse without guardrails, as AI services take over the digital world. There are various privacy and copyright laws worldwide, but none specifically address how AI utilises copyrighted content.

Decoding MSME Compliance: Over Rs 13 Lakh Annual Burden, 1,000+ Regulations, and 50% Risk of Imprisonment Read more at: https://cxotoday.com/press-release/decoding-msme-compliance-over-rs-13-lakh-annual-burden-1000-regulations-and-50-risk-of-imprisonment/

CXO Today | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | July 3, 2025

Micro Compliances, Macro Trouble: Why India Must Rethink Compliances for MSMEs

The Financial Express | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | July 3, 2025

India’s growth story is often told through the lens of innovation, capital access, and market expansion. However, beneath the headlines lies a silent, systemic friction of petty compliances that rarely enter mainstream policy discourse.

MSME Manufacturing Faces Heavy Compliance Costs: Report

SME Ventures | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | July 1, 2025

India’s manufacturing MSMEs are grappling with an overwhelming regulatory burden, with compliance costs running as high as ₹17 lakh annually, according to a new report by TeamLease RegTech. The report, titled ‘Decoding Compliance for Manufacturing MSMEs in India’, paints a picture of excessive procedural obligations and outdated frameworks hampering growth for small businesses in the sector.

Manufacturing MSMEs Deal with 1450 Regulatory Obligations Annually: Report

knnindia | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | June 30, 2025

New Delhi, Jun 30 (KNN) India’s manufacturing MSMEs are grappling with high compliance costs and complex regulatory demands, as highlighted in a recent report by TeamLease RegTech.

Manufacturing MSMEs Deal with 1450 Regulatory Obligations Annually: Report

KNN India | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | June 30, 2025

New Delhi, Jun 30 (KNN) India’s manufacturing MSMEs are grappling with high compliance costs and complex regulatory demands, as highlighted in a recent report by TeamLease RegTech.

MSMEs burdened by high compliance costs; face over 1,450 regulations annually: Report

The Times of India | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | June 29, 2025

India’s manufacturing MSMEs are facing an overwhelming regulatory burden, with compliance costs ranging between Rs 13 to Rs 17 lakh per year, according to a new report by TeamLease RegTech.

Business News | Regulatory Compliance Costs Weigh Heavily on Small Businesses; Annual Burden Hits Rs 13-17 Lakh: Report

Latestly | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | June 29, 2025

New Delhi [India], June 29 (ANI): Small and midsized enterprises (MSMEs) are grappling with high regulatory costs, with annual expenses ranging between Rs 13-Rs 17 lakh, according to a latest report by Regulatory Technology (Regtech) solutions firm TeamLease Regtech.

How Can MSMEs Streamline Compliance Processes and What Role Can Regulatory Bodies Play in Reducing Compliance Burdens?

Cite HR | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | June 29, 2025

A new report by TeamLease RegTech reveals that India's manufacturing MSMEs (Micro, Small, and Medium Enterprises) are burdened by excessive regulatory requirements, facing over 1,450 regulations annually. This dense compliance landscape is resulting in significant financial strain on businesses, with yearly compliance costs estimated between Rs 13 lakh to Rs 17 lakh.

Why MSMEs in India fail to make big?

Tech Herald | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | June 29, 2025

Mumbai: While the world celebrates MSME Day 2025, MSMEs in India confront this dark reality of being unable to achieve their true potential. India’s MSMEs, through their distinctive businesses and innovative ideas, are among the big contributors to India’s economy.

Compliance Costs Burden MSMEs With Rs 13-17 Lakh Annually

Daily Guardian | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | June 29, 2025

RegTech is the utilization of technology, usually software solutions, to enable firms to meet their regulatory obligations rapidly and efficiently and with minimal costs.

Regulatory Compliance Fees Weigh Closely On Small Groups;

India Herald | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | June 29, 2025

New delhi ,Small and midsized firms (msmes) are grappling with excessive regulatory compliance charges, with annual expenses ranging between Rs thirteen-Rs 17 lakh, according to a contemporary file via Regulatory generation (Regtech) answers firm teamlease Regtech.

Government Skills Policy Fails to Meet Expectations of Small Manufacturers

Observer Voice | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | June 29, 2025

A recent report by Cushman & Wakefield reveals that a significant number of small manufacturing enterprises in India feel disconnected from government skill-training initiatives. The survey indicates that 71% of these businesses have not benefited from such programs, highlighting a critical gap in support for Micro, Small, and Medium Enterprises (MSMEs).

MSMEs burdened by high compliance costs: Report

Nagaland Post | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | June 29, 2025

India’s manufacturing MSMEs are facing an overwhelming regulatory burden, with compliance costs ranging between Rs 13 to Rs 17 lakh per year, according to a new report by TeamLease RegTech.

71% of manufacturing MSMEs say govt-skill training schemes didn't help: Report

Indian Economic Observer | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | June 29, 2025

New Delhi [India], June 29 : The government skill and talent initiatives are not effectively reaching the Micro, Small and Medium Enterprises (MSMEs) engaged in the manufacturing activities, as a staggering 71 per cent of small firms say government-run skill-training programmes haven't helped them, according to a report by Cushman & Wakefield.

MSMEs Drowning in Regulatory Web: A Need for Reform

Devdiscourse | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | June 29, 2025

A report by TeamLease Regtech reveals that MSMEs in India face overwhelming regulatory compliance costs, ranging between Rs 13-Rs 17 lakh annually. With over 1,450 obligations and frequent legal updates, the compliance burden stifles growth and innovation, highlighting an urgent need for policy reform.

Too Much To Handle': Small Businesses Spend Up To Rs 17 Lakh Annually On Compliance

Menafn | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | June 29, 2025

Small and midsized enterprises (MSMEs) are grappling with high regulatory compliance costs, with annual expenses ranging between Rs 13-Rs 17 lakh, according to a latest report by Regulatory Technology (Regtech) solutions firm TeamLease Regtech.

Policy miss: 71% of small manufacturers say government skill schemes haven't helped - Report

The Times of India | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | June 29, 2025

A majority of small manufacturing enterprises in India say government-run skill-training initiatives are failing to reach them effectively, with 71 per cent reporting no benefits from such programmes, according to a report by Cushman & Wakefield.

MSMEs face 1,450 compliances annually, Rs 17 lakh in costs: Report

ETCFO | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | June 27, 2025

A new report reveals that manufacturing MSMEs in India face a staggering 1,450 compliance obligations annually, costing them between Rs 13 to 17 lakh. These compliances span across various laws, involving numerous inspections and registrations. Labour laws contribute significantly to the burden, accounting for a large portion of imprisonment-linked compliances, highlighting the need for regulatory reforms.

New labour codes to significantly reduce compliance burden for MSMEs: TeamLease report

MoneyControl | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | June 27, 2025

The implementation of the new labour codes in India is expected to significantly reduce the compliance burden on micro, small, and medium enterprises (MSMEs) by ‘consolidating and streamlining’ various regulatory requirements, said a TeamLease Regtech report on June 27.

Manufacturing MSMEs Bear Rs 13 Lakh Annual Compliance Burden: Report BW Online Bureau Jun 27, 2025

Business World | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | June 27, 2025

New Delhi, June 27 (Reuters) – India’s manufacturing micro, small and medium enterprises (MSMEs) are weighed down by a complex regulatory environment, with annual compliance costs exceeding Rs 13 lakh and a risk of imprisonment linked to over 216 compliance clauses, according to a new report by TeamLease RegTech.

The Stock Markets See 1000 Point Jump

The Core | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | June 27, 2025

The stock markets crossed a thousand points today with stocks like HDFC Bank hitting a lifetime high. Now, there is unusual exuberance across markets globally, given everything else that's going on, including both war and tariff tensions, not to forget valuations in countries like India. We have a truce right now in the Middle East, but there is no truce that we know of on tariffs, and more on that shortly.

PAN 2.0: A Game-Changer For Indian Businesses

Jagruk Bharat | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | June 21, 2025

The End of AI’s Wild West: How New Regulations Will Reshape Financial Services in 2025

Global Fintech Series | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | June 16, 2025

AI has emerged as one of the key innovation drivers in financial services, empowering companies to harness an enormous amount of real-time data, optimize internal operations, and enhance decision-making. But the race to adopt AI has largely happened in an unregulated space — a modern-day “Wild West” in which companies have operated mainly without legal limitations. That era is coming to an end.

Medical device makers call for an SEZ 2.0 booster shot

The Hindu Business Line | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | June 15, 2025

As countries, including India, engage with each other to smoothen pathways to do business through free-trade agreements (FTA), among other measures, these discussions have put a a spotlight on local medical device makers invested in special economic zones (SEZ),

Centre nudges states to implement new labour codes, shifts reform goalpost

Business Standard | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | June 11, 2025

During 2019-20, Parliament consolidated 29 labour laws into four codes - Code on Wages; Code on Social Security; Occupational Safety, Health and Working Conditions Code; and Industrial Relations Code

Solar Energy Companies Face Maze of 799 Compliances: Team-Lease Report

KNN India | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | June 6, 2025

New Delhi, Jun 6 (KNN) A standalone solar power plant located in Maharashtra, with its corporate headquarters in Haryana, is subject to 799 unique compliance obligations, resulting in 2,735 compliance tasks annually, according to a new report released by TeamLease RegTech titled Decoding Compliance Management for Renewable Energy Sector.

A report by TeamLease RegTech has revealed that a standalone solar energy plant in Maharashtra, with a corporate office in Haryana, must comply with 799 unique legal obligations, resulting in 2,735 annual compliance tasks.

Builders Friend | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | June 6, 2025

Titled Decoding Compliance Management for Renewable Energy Sector, the report states that 83 of these obligations carry imprisonment clauses, mostly under labour laws. The compliance burden spans seven legal categories and involves 31 Acts, with requirements from central, state, and municipal levels. Key challenges include overlapping jurisdictions, fragmented policy execution, and manual compliance systems.

Renewable energy firms face over 2,700 compliances: TeamLease Regtech

The Hindu Business Line | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | June 5, 2025

A solar power producer with its plant in Maharashtra and a corporate office in Haryana has to comply with more than 2,700 compliances spread across the centre, state and municipality limits, a report by TeamLease Regtech said.

TeamLease Regtech Highlights 2,735 Compliance Tasks For A Single Solar Plant In India

Solar Quarter | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | June 5, 2025

TeamLease Regtech, one of India’s leading regulatory technology (Regtech) companies, has released a comprehensive report titled “Decoding Compliance Management for the Renewable Energy Sector.”

Standalone solar plant subject to 2,735 compliance tasks, 83 clauses carry imprisonment: Report

The Economic Times (Energy) | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | June 5, 2025

New Delhi: A standalone solar energy producing plant in Maharashtra, with a corporate office in Haryana, must comply with 799 unique obligations, resulting in 2,735 total annual compliance tasks, according to a report released by TeamLease RegTech.

Standalone solar plant subject to 2,735 compliance tasks, 83 clauses carry imprisonment: Report

The Economic Times (Energy) | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | June 5, 2025

Standalone solar plant subject to 2,735 compliance tasks, 83 clauses carry imprisonment: Report

The Economic Times (Energy) | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | June 5, 2025

Decoding Compliance Management for Renewable Energy Sector

Reality Plus Magazine | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | June 4, 2025

As of April 2025, India's solar power installed capacity stands at 107.94 GW, making it the world's third-largest generator of solar power. In terms of generation, India produced 75.57 billion units (BU) of solar power in the first eleven months of FY24 (April 2023 to February 2024).

TeamLease Regtech unveils compliance challenges in India’s renewable energy sector

Business honor | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | June 4, 2025

TeamLease Regtech, an established regulatory technology business in India, has released an in-depth report titled "Decoding Compliance Management for the Renewable Energy Sector." The paper examines India's deep regulatory framework for renewable energy firms and highlights the importance of having a compliance culture in light of the sector's rapid expansion.

India's RE Sector Faces Compliance Crush With 2,700 Annual Filings

Saur Energy | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | June 4, 2025

India’s renewable energy companies are grappling with a staggering volume of regulatory obligations, with a single solar power project facing over 2,700 compliance instances annually, according to a new report released by TeamLease RegTech.

Solar energy firms face over 2,700 compliance obligations: TeamLease Regtech

PV Magazine | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | June 4, 2025

A new report by TeamLease Regtech states that a standalone solar energy producing plant in Maharashtra, with a corporate office in Haryana, must comply with 799 unique regulatory obligations and 2,735 total compliance instances in a year.

Solar energy firms face over 2,700 compliance obligations: TeamLease Regtech

PV Magazine | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | June 4, 2025

Renewable energy firms face over 2,700 compliance: Reports TeamLease Regtech

Cine Buzz News | TeamLease RegTech | June 3, 2025

TeamLease Regtech, India’s leading Regulatory Technology (Regtech) solutions company, has released its report titled ‘Decoding Compliance Management for the Renewable Energy Sector’. The report examines the complex regulatory challenges faced by companies operating in India’s renewable energy space. It analyses regulatory frameworks, discusses key challenges, and offers actionable recommendations for staying on the right side of the law by design.

Renewable energy firms face over 2,700 compliance: Reports TeamLease Regtech

Business Micro | TeamLease RegTech | June 3, 2025

TeamLease Regtech unveils compliance challenges in India’s renewable energy sector

Business Honor | TeamLease RegTech | June 3, 2025

TeamLease report reveals extensive regulatory compliance demands in India’s rapidly growing renewable energy sector.

Solar energy firms face over 2,700 compliance obligations: TeamLease Regtech

PV Magazine India | TeamLease RegTech | June 3, 2025

A report by TeamLease RegTech has revealed that a standalone solar energy plant in Maharashtra, with a corporate office in Haryana, must comply with 799 unique legal obligations, resulting in 2,735 annual compliance tasks.

Builders Friend | TeamLease RegTech | June 3, 2025

Renewable energy firms face over 2,700 compliance: Reports TeamLease Regtech

bizrapidx | TeamLease RegTech | June 3, 2025

Renewable energy firms face over 2,700 compliance requirements: TeamLease RegTech Report

Country View | TeamLease RegTech | June 3, 2025

India’s renewable energy sector, despite its rapid growth and strong policy backing, is grappling with an overwhelming number of regulatory requirements. According to a new report by TeamLease RegTech, titled ‘Decoding Compliance Management for the Renewable Energy Sector’, a single solar power company operating across Maharashtra and Haryana could face as many as 2,735 compliance obligations annually.

Decoding Compliance Management for Renewable Energy Sector

RPREALTY PLUS | TeamLease RegTech | June 3, 2025

Solar Energy Companies Face Maze Of 799 Compliances: Team-Lease Report

Mena FN | TeamLease RegTech | June 3, 2025

A standalone solar power plant located in Maharashtra, with its corporate headquarters in Haryana, is subject to 799 unique compliance obligations, resulting in 2,735 compliance tasks annually, according to a new report released by TeamLease RegTech titled Decoding Compliance Management for Renewable Energy Sector.

Renewable energy firms face over 2,700 compliances: TeamLease Regtech

The Hindu Business Line | TeamLease RegTech | June 3, 2025

These include 799 unique regulatory obligations spread across 646 central, 153 State, and municipal requirements

TeamLease Regtech Releases Report on Compliance in Renewable Energy Sector

Energetica | TeamLease RegTech | June 3, 2025

TeamLease Regtech, India’s Regulatory Technology (Regtech) solutions company, has released its report titled ‘Decoding Compliance Management for the Renewable Energy Sector’.

Solar firms face over 2,700 compliance requirements despite policy support, new report says

Fortune india | TeamLease RegTech | June 3, 2025

The report observes that key compliance complexities include regulatory fragmentation across jurisdictions, overlapping mandates from different authorities, inconsistent policy implementation, slow land acquisition, and environmental clearance processes.

TeamLease Regtech Highlights 2,735 Compliance Tasks For A Single Solar Plant In India

Solar quarter | TeamLease RegTech | June 3, 2025

TeamLease Regtech, one of India’s leading regulatory technology (Regtech) companies, has released a comprehensive report titled “Decoding Compliance Management for the Renewable Energy Sector.” The report takes a deep dive into the regulatory landscape for renewable energy businesses in India, shedding light on the challenges they face, the complexity of legal requirements, and the importance of building a compliance-first approach as the sector scales. India has emerged as a global leader in solar energy.

Solar Energy Companies Face Maze of 799 Compliances: Team-Lease Report

KNN India | TeamLease RegTech | June 3, 2025

Solar firms face over 2,700 compliance requirements despite policy support, new report says

Fortune India | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | June 3, 2025

For a standalone solar company with its corporate office in Haryana and a solar energy production plant in Maharashtra, how many compliances and permissions are required to start and run the business? Despite the liberal policies and regulatory support in renewable energy, compliance requirements are numerous.

Renewable energy firms face over 2,700 compliance: Reports TeamLease Regtech

Biz Tech Consulting | TeamLease RegTech | June 3, 2025

Standalone solar plant subject to 2,735 compliance tasks, 83 clauses carry imprisonment: Report

Energy Economic times | TeamLease RegTech | June 3, 2025

Of the total obligations applicable to the corporate office, 83 carry imprisonment clauses, the report titled Decoding Compliance Management for Renewable Energy Sector stated.

Renewable energy firms face over 2,700 compliance: Reports TeamLease Regtech

Biz Development News | TeamLease RegTech | June 3, 2025

Renewable energy firms face over 2,700 compliance: Reports TeamLease Regtech

Business News this week | TeamLease RegTech | June 3, 2025

From Compounding of Policy to Exponentials of Growth

ORF Online | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | June 2, 2025

India stands on the success of economic reforms that started with constraints but are now powered by conviction. Now, it must complete the last-mile compliance reforms.

Plugging the gap in India’s drug safety enforcement

pressreader | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | June 2, 2025

India isn’t in need of better drug safety policies, rather it needs a smarter way to enforce existing ones. The recent ban on certain paediatric fixeddose combination cough syrups is a case in point.

By invitation. Fixing India’s drug safety enforcement gap

The Hindu Business Line | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | June 2, 2025

India isn’t in need of better drug safety policies, rather it needs a smarter way to enforce existing ones. The recent ban on certain paediatric fixed-dose combination cough syrups is a case in point

Labour Code implementation: A delicate balance between reform and resistance

ET HR World | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | May 28, 2025

In the absence of central notification, several states have taken proactive steps to implement labour law reforms aimed at boosting investment and ease of doing business.

CCPA needs more teeth to tame dark patterns; industry demands tougher regulation and penalties

Storyboard18 | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | May 26, 2025

When Uber quietly introduced a pre-selected tip during the ride checkout process in India, it reignited public debate around manipulative design practices— commonly known as dark patterns.

CDSCO’s Ban on 35 FDCs: Implications on India’s Drug Approval Landscape

ELETS (Health) | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | May 17, 2025

The Central Drugs Standard Control Organisation (CDSCO) has recently announced a ban on the manufacture, sale, and distribution of 35 Fixed Dose Combinations (FDCs) across India. This move is part of a broader regulatory effort to enhance the scientific rigour behind drug approvals and align India’s pharmaceutical practices with global standards.

Improved coordination between central & state regulatory mechanism need of the hour: Expert

Pharma Bizz | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | May 13, 2025

An interoperable, integrated platform that enables real-time data exchange between the Central and the state drug regulatory authorities is the need of the hour, to ensure that no drug can be approved or sold unless it has passed through a harmonized vetting system, says a regulatory technology expert.

What Are The Major Changes In Labor Compliance In 2025?

Reality Plus Magazine | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | May 7, 2025

Labour falls under the Concurrent List in Schedule 7 of the Indian Constitution, granting both the Central and State governments the power to legislate on related matters such as trade unions, labour disputes, welfare, and workplace safety. In 2024, India witnessed 700+ updates in labour compliance regulation.

How is AI Revolutionising Corporate Compliance

The Economic Times (Legal) | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | May 2, 2025

The webinar will explore how Artificial Intelligence (AI) is transforming corporate compliance practices across industries. As businesses face increasing regulatory complexities and global scrutiny, AI offers powerful tools to streamline compliance processes, enhance risk management, and ensure data security.

Top 5 labour law changes in 2024 every Indian employer must know

SME Futures | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | May 1, 2025

What are the top 5 significant changes in labour compliance in 2024?

CXO Today | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | May 1, 2025

How Tech-Powered Compliance Reduces Regulatory Risks for Businesses

businessnewsthisweek.com | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | March 26, 2025

India’s regulatory landscape is intricately complex. A total of 1,536 acts and rules, 69,233 compliances, and 6,618 filings govern the business ecosystem in India. Of the 69,000+ obligations, 26,134 compliance requirements carry imprisonment as a penalty for contraventions. Labour has 463 Acts (30.1% of the total), 32,542 compliances (47% of the total), and 3,048 filings (46% of the total) associated with it. 2,233 union, state, and municipal government websites published over 9,000 updates in FY25. These updates sometimes come with little time for implementation. Businesses relying on outdated information risk non-compliance without even realising it. Manual tracking of these compliances isn’t just inefficient; it is risky.

Banning DeepSeek, ChatGPT and Other AI Tools

dqchannels.com | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | March 26, 2025

A number of countries have banned DeepSeek, the China’s answer to ChatGpt. The primary concern is that this tool may collect sensitive private data and release it to Chinese agencies under the Chinese law that sensitive data must be handed to the authorities in case of security and other threats.

How Tech-Powered Compliance Reduces Regulatory Risks for Businesses

apnnews.com | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | March 24, 2025

India’s regulatory landscape is intricately complex. A total of 1,536 acts and rules, 69,233 compliances, and 6,618 filings govern the business ecosystem in India. Of the 69,000+ obligations, 26,134 compliance requirements carry imprisonment as a penalty for contraventions. Labour has 463 Acts (30.1% of the total), 32,542 compliances (47% of the total) and 3,048 filings (46% of the total) associated with it. 2,233 union, state, and municipal government websites published over 9,000 updates in FY25. These updates sometimes come with little time for implementation. Businesses relying on outdated information risk non-compliance without even realising it. Manual tracking of these compliances isn’t just inefficient; it is risky.

How Tech-Powered Compliance Reduces Regulatory Risks for Businesses

cxotoday.com | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | March 24, 2025

India’s regulatory landscape is intricately complex. A total of 1,536 acts and rules, 69,233 compliances, and 6,618 filings govern the business ecosystem in India. Of the 69,000+ obligations, 26,134 compliance requirements carry imprisonment as a penalty for contraventions. Labour has 463 Acts (30.1% of the total), 32,542 compliances (47% of the total) and 3,048 filings (46% of the total) associated with it. 2,233 union, state, and municipal government websites published over 9,000 updates in FY25. These updates sometimes come with little time for implementation. Businesses relying on outdated information risk non-compliance without even realising it. Manual tracking of these compliances isn’t just inefficient; it is risky.

AI-Powered Compliance Solutions Help Businesses Manage Regulations

smestreet.in | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | March 24, 2025

India’s regulatory landscape is intricately complex. A total of 1,536 acts and rules, 69,233 compliances, and 6,618 filings govern the business ecosystem in India. Of the 69,000+ obligations, 26,134 compliance requirements carry imprisonment as a penalty for contraventions. Labour has 463 Acts (30.1% of the total), 32,542 compliances (47% of the total) and 3,048 filings (46% of the total) associated with it. 2,233 union, state, and municipal government websites published over 9,000 updates in FY25. These updates sometimes come with little time for implementation. Businesses relying on outdated information risk non-compliance without even realising it. Manual tracking of these compliances isn’t just inefficient; it is risky.

Typical pitfalls for principal employer in contractor compliance

cxotoday.com | Sandeep Agrawal, Director and Co- Founder, Teamlease Regtech | March 20, 2025

Businesses, both MSMEs and large corporations, often rely on contractors by outsourcing various operations. This allows businesses to hire individuals with specialised expertise, reduce internal workload, scale hiring needs quickly based on demand, and potentially save costs. Contractors are being hired for increasingly diverse and critical business functions, categorized based on the type of work and skill level. However, the principal employer is responsible for its vendor’s compliance, as they are accountable for all actions that take place in their organization.

Why is the race for your insurance premiums hotting up?

economictimes.indiatimes | Sandeep Agrawal, Director and Co- Founder, Teamlease Regtech | March 20, 2025

India's insurance sector is undergoing significant changes with policy shifts and new alliances. Allianz SE has ended its JV with Bajaj Group, aiming to collaborate with Jio Financial Services. Patanjali Ayurved has entered the general insurance market with a majority stake in Magma General Insurance. LIC plans to acquire a stake in a health insurer.

Budget 2025 Expectations Highlights: Ways to boost 'Make in India' initiative

indiatoday.in | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | March 16, 2025

The Union Budget 2025 will be presented by the Finance Minister Nirmala Sitharaman on February 1, 2025, which is anticipated to bring positive reforms to the country’s tax structure and provide a much-needed boost to the country’s growth and development.

Adapt risk-based approach in export approvals, says expert

pharmabiz.com | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | March 13, 2025

The drug regulators may look at adapting a risk-based approach, focusing on high-risk products while providing fast-track approvals for reputed exporters, to bring in a more balanced approach between international regulatory responsibility and domestic trade interests, says a regulatory technology expert.

ET MSME Awards 2024: And the nominees are…

m.economictimes.com | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | March 12, 2025

After months of deliberations spanning multiple rounds of evaluation, vetting, and jury discussions, India’s largest, most credible MSME awards announces its shortlist. The winners for the ET MSME Awards 2024 will be revealed at a grand felicitation ceremony on March 20, 2025 in New Delhi.

Ensuring fair competition & data privacy in food delivery

fnbnews.com | Sandeep Agrawal, Director and Co- Founder, Teamlease Regtech | March 11, 2025

India’s food delivery sector has grown rapidly and is expected to generate revenue of US$54.87 billion in 2025, with a projected market volume of US$91.88 billion by 2029. While offering convenience to consumers, it has expanded the reach of restaurants. Millions of orders are placed daily, with platforms driving growth through deep discounting and aggressive marketing. The rise of digital food delivery platforms has been fueled by urbanisation, increasing internet penetration, and the widespread adoption of digital payments. However, this rapid expansion has led to several concerns, primarily high commission fees, preferential treatment of certain restaurants, and data ownership issues. With a few dominant platforms controlling the majority of the market, small restaurants and new entrants often struggle to compete on equal terms.

Fraudulent Investment Schemes Surge Amid India's Digital Growth

MSN | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | March 11, 2025

As India accelerates its digital transformation, malicious groups are keeping pace, refining their tactics to exploit unsuspecting investors. In 2025 alone, the country is projected to lose a staggering INR 20,000 crore to cybercrime, with investment scams emerging as the most financially devastating form of fraud, according to a recent report by CloudSEK.

Compliance Automation in Insurance: Enhancing Efficiency and CX

https://cxquest.com | cxquest editor | Feb. 22, 2025

Let us understand the importance of compliance automation in insurance sector. The insurance industry in India has grown rapidly over the past two decades. With a 17% compound annual growth rate (CAGR), it is expected to reach $222 billion by 2026.

India’s insurance sector sees growth of 17% over last 20 years

https://www.millenniumpost.in | Simontini Bhattacharjee | Feb. 21, 2025

New Delhi: India’s insurance sector has witnessed remarkable growth, with a compounded annual growth rate (CAGR) of 17 per cent over the last two decades. A recent report projects the domestic market to reach an estimated USS 222 billion by 2026. However, this rapid expansion comes with an increasingly intricate compliance landscape that insurers must navigate.

India’s Insurance Sector Expands At 17% CAGR; Projected To Reach $222 Billion By 2026

https://english.bharatexpress.com | Mankrit Kaur | Feb. 21, 2025

The Indian insurance sector, driven by increased awareness, favorable regulatory changes, and enhanced private sector participation, has witnessed impressive growth over the last two decades.

TeamLease RegTech Report Highlights Insurance Compliance Challenges

https://smestreet.in | SMEStreet Edit Desk | Feb. 21, 2025

The Indian insurance sector, driven by increased awareness, favorable regulatory changes, and enhanced private sector participation, has witnessed impressive growth over the last two decades.

Insurance businesses face the complexity of over 4,500 compliances in a year: TeamLease Regtech

https://mediabrief.com | MBDesk | Feb. 20, 2025

Automation will enable insurers to streamline operations and meet evolving compliance demands with greater efficiency. This report delves into the realities of managing compliance in the insurance sector, highlighting the intricacies of operating within India’s multi-layered regulatory framework

Insurance Businesses Struggle with Over 4,500 Compliances Annually, Reports TeamLease Regtech

https://businessnewsthisweek.com | Biswaranjan Jena | Feb. 20, 2025

The Indian insurance sector, driven by increased awareness, favorable regulatory changes, and enhanced private sector participation, has witnessed impressive growth over the last two decades. The government’s allowance of 100% Foreign Direct Investment (FDI) in the insurance sector would further accelerate growth, attracting significant foreign capital and boosting innovation.

Banning DeepSeek, ChatGPT and Other AI Tools

https://www.dqchannels.com | Archana Verma | Feb. 19, 2025

AI has become omnipresent in all walks of life. However, discussions on AI are often incomplete without copious references to misinformation, data breaches, and fake news.

Merger & Acquisition rules for small cos may be relaxed to ease compliance

Economic times | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Feb. 19, 2025

The MSME and corporate affairs ministries are considering easing M&A rules and reducing compliance requirements for smaller enterprises. Proposed changes include simpler annual filing, reduced audit frequency, and aligning MSME definitions to enhance fund flow and formalisation of the economy, supporting the sector's significant contribution to GDP and employment.

Life insurance sector to get booster shot with FDI limit at 100 percent

https://investmentguruindia.com | Neha Parikh | Feb. 19, 2025

While the high capital intensity of the life insurance sector necessitates substantial investments to sustain growth, the increase in FDI limits will provide the much-needed capital boost to the sector, enabling insurers to expand their mortality coverage and increase penetration, according to a report released by rating agency ICRA on Wednesday.

100 pc FDI to help Indian insurance sector reach $222 billion by 2026

https://www.daijiworld.com | IANS | Feb. 19, 2025

TeamLease RegTech, the Indian insurance sector, driven by increased awareness, favorable regulatory changes, and enhanced private sector participation, has witnessed impressive growth over the last two decades.

FDI in insurance hinges on lower compliance burden: Study flags IRDAI's regulatory obligations

https://www.telegraphindia.com | Staff Reporter | Feb. 19, 2025

The government’s allowance of 100 per cent foreign direct investment in the insurance sector would further accelerate growth, attracting significant foreign capital and boosting innovation. However, it is crucial to understand the complexities of compliance management that companies face in this space.

India’s insurance market poised to reach Rs. 19,30,290 crore (US$ 222 billion) by 2026, growing at 17% Compounded Annual Growth Rate (CAGR): Report

IBEF | Sandeep Agrawal, Director and Co- Founder, Teamlease Regtech | Feb. 19, 2025

India's insurance sector has experienced remarkable growth, with the domestic market expanding at a Compound Annual Growth Rate (CAGR) of 17% over the past two decades and projected to reach Rs. 19,30,290 crore (US$ 222 billion) by 2026, according to a TeamLease RegTech report.

India’s Insurance Market to Reach $222 Billion by 2026, Growing at 17% CAGR: Report

https://bimabazaar.com | admin | Feb. 18, 2025

The Indian insurance sector, driven by increased awareness, favorable regulatory changes, and enhanced private sector participation, has witnessed impressive growth over the last two decades

Insurers manage over 4,500 compliances in a year: TeamLease RegTech

Business Standard | Sandeep Agrawal, Director and Co- Founder, Teamlease Regtech | Feb. 18, 2025

Sandeep Agrawal, co-founder and director, TeamLease RegTech, said, “The government’s allowance of 100 per cent foreign direct investment (FDI) in the insurance sector would further accelerate growth, attracting significant foreign capital and boosting innovation.

India's insurance market poised to reach $222 bn by 2026, growing at 17% CAGR: Report

BFSI Economic Times | Sandeep Agrawal, Director and Co- Founder, Teamlease Regtech | Feb. 18, 2025

Sandeep Agrawal, Co-Founder and Director, TeamLease RegTech, says, "The Indian insurance sector, driven by increased awareness, favorable regulatory changes, and enhanced private sector participation, has witnessed impressive growth over the last two decades.

Navigating India's Booming Insurance Sector with Compliance Challenges

Dev Discourse | Sandeep Agrawal, Director and Co- Founder, Teamlease Regtech | Feb. 18, 2025

Sandeep Agrawal of TeamLease RegTech emphasize the necessity of regulatory and technological solutions. He notes that 100% foreign direct investment (FDI) permission could further invigorate the sector by attracting new capital, but stresses the importance of managing compliance complexities. Recommendations include the adoption of RegTech solutions and a proposed single-window licensing system to streamline processes and encourage growth and innovation.

India’s Insurance Market to Reach $222 Billion by 2026, Growing at 17% CAGR: Report

Bima Bazaar | Sandeep Agrawal, Director and Co- Founder, Teamlease Regtech | Feb. 18, 2025

India’s insurance sector has experienced remarkable growth over the past two decades, expanding at a Compound Annual Growth Rate (CAGR) of 17%. According to a report by TeamLease RegTech, the domestic insurance market is projected to reach $222 billion by 2026.

Navigating India’s Booming Insurance Sector with Compliance Challenges

The Bengaluru Live | Sandeep Agrawal, Director and Co- Founder, Teamlease Regtech | Feb. 18, 2025

India’s insurance industry is experiencing unprecedented growth, with the market expected to hit USD 222 billion by 2026, as highlighted by a report from TeamLease RegTech. However, this expansion is accompanied by a cumbersome web of compliance challenges that companies within this sector must navigate.

ovt moves to streamline insurance sector compliance ahead of 100% FDI

Economic times | Sandeep Agrawal, Director and Co- Founder, Teamlease Regtech | Feb. 17, 2025

The government plans to streamline compliance in the insurance sector by identifying redundant regulations, aiming for improved ease of business. Proposed amendments to the existing insurance laws will support 100% FDI and seek to enhance policyholder security and market competition.

Govt moves to streamline insurance sector compliance ahead of 100% FDI

Economic times | Sandeep Agrawal, Director and Co- Founder, Teamlease Regtech | Feb. 17, 2025

How Modi govt can walk the disinvestment talk

India Today | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Feb. 17, 2025

Rishi Agrawal, co-founder and CEO of TeamLease RegTech, a compliance management software company. A research report titled ‘Jailed for Doing Business’ by the firm found that Indian businesses are subject to 69,233 unique compliances, of which 26,134 carry imprisonment clauses. For MSMEs with over 150 staff, the compliance burden is between 500 and 900 regulations, costing Rs 12-18 lakh per year. The Jan Vishwas Bill 1.0 took a positive step by eliminating 113 jail provisions, and the upcoming 2.0 version aims to decriminalise 100 more. However, it’s clearly not enough.

New Income Tax Bill 2025 Highlights: FM Nirmala Sitharaman introduced new I-T Bill in Lok Sabha

Live Mint | Sandeep Agrawal, Director and Co- Founder, Teamlease Regtech | Feb. 14, 2025

Sandeep Agrawal, Director and Founder of Teamlease Regtech noted that the new income tax bill is set to reduce 50 per cent of the current provisions. “… marks a significant step towards simplifying tax laws and replacing the six-decade-old Income Tax Act of 1961. The bill is expected to make compliance easy for taxpayers and administrators alike, ultimately helping to cut down on tax-related litigation," as per Agrawal.

How will new Income Tax Bill, 2025, help you?

First post | Sandeep Agrawal, Director and Co- Founder, Teamlease Regtech | Feb. 13, 2025

Sandeep Agrawal, Director and Founder of Teamlease Regtech told Financial Express, “The New Income Tax Bill, is set to reduce 50 per cent of the current provisions, marking a significant step towards simplifying tax laws and replacing the six-decade-old Income Tax Act of 1961.

New Income Tax Bill simplifies language, eases compliance: Experts

Money Control | Sandeep Agrawal, Director and Co- Founder, Teamlease Regtech | Feb. 12, 2025

The new bill, set to reduce 50 percent of the current provisions, marks a significant step towards simplifying tax laws. The bill is expected to make compliance easy for taxpayers and administrators alike, ultimately helping to cut down on tax-related litigation, Sandeep Agrawal, director and founder of Teamlease Regtech, said.

New Income Tax Bill 2025: 622 pages, 536 sections - 10 HIGHLIGHTS

ET Now News | Sandeep Agrawal, Director and Co- Founder, Teamlease Regtech | Feb. 12, 2025

Sandeep Agrawal, founder and director, Teamlease Regtech, said that the bill is set to reduce 50% of the current provisions, marks a significant step towards simplifying tax laws and replacing the six-decade-old Income Tax Act of 1961. The bill is expected to make compliance easy for taxpayers and administrators alike, ultimately helping to cut down on tax-related litigation.

Budget 2025: MSME definition revision a ‘good decision,’ says India Inc; seeks more ‘aha moments’ for ease of doing business

Economic times | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Feb. 10, 2025

Rishi Agrawal, CEO of TeamLease Regtech, adopts a cautionary tone regarding the announcement. He acknowledges that while it is a “welcome step,” there is always a risk that such reports get delayed and never translate into actionable reforms.

Now push the pedal hard | The unfinished agenda

India Today | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Feb. 8, 2025

Budget 2025 sets the direction on crucial aspects of the economy. But now it needs to speed up implementation, further ease regulatory clamps and introduce tax, farm and labour reform to get India truly going

Budget 2025 needs economic statecraft

ORF Online | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Feb. 6, 2025

The time for opportunity is over. Today, the Indian economy—alongside all international counterparts—faces a new looming threat. At a time of serial uncertainties, this threat compounds economic complexities. This threat is not physical, not resources, not even technology. It is more long-term than managing interest rates, more short-term than oil price fluctuations, and more disruptive than technological innovations. And it is more real than governments would like to imagine.

Budget 2025 impact on MSME, exports, indirect taxes and Ease of Doing Business

Economic times | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Feb. 3, 2025

Webinar: A revision in MSME classification, steps to boost India’s share in global trade and improving the regulatory landscape got notable mentions, among other highlights in the Union Budget 2025-26.

Post budget Reaction on Tax, MSME, Jan Vishwas Bill , Startups, Ease of Doing Business and Gig workers by Sandeep Agrawal Director and Founder of Teamlease Regtech

investment guru india | Sandeep Agrawal, Director and Co- Founder, Teamlease Regtech | Feb. 3, 2025

Reaction on Tax, MSME, Jan Vishwas Bill, Startups, Ease of Doing Business and Gig workers by Sandeep Agrawal Director and Founder of Teamlease Regtech

Mixed Reactions: On the 'Treasure Trove' that the Union Budget 2025-2026 Appears to be like!

Local Samosa | Sandeep Agrawal, Director and Co- Founder, Teamlease Regtech | Feb. 3, 2025

The objective is to strengthen trust-based economic governance and enhance ‘ease of doing business’, especially in matters of inspections and compliances. The government is also planning to rationalise the requirements and procedures for speedy approval of company mergers and widen the scope of fast-track mergers. This will simplify the overall approval process

Mixed Reactions: On the 'Treasure Trove' that the Union Budget 2025-2026 Appears to be like!

Local Samosa | Sandeep Agrawal, Director and Co- Founder, Teamlease Regtech | Feb. 3, 2025

Budget 2025 Expectations Highlights: Ways to boost 'Make in India' initiative

India Today | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Feb. 1, 2025

While the introduction of PAN 2.0 as a unified business identifier was transformative, the union and state governments must urgently consolidate the 23 different corporate identities into a single identity.

Did Budget 2025 Finally Fix India’s Gig Workers’ Woes?

Inc 42 | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Feb. 1, 2025

The budget further enhances the portal by facilitating the registration and issuance of identity cards for 1 Cr gig workers, making it even more valuable for them.

India’s largest bank wants a closer look at all its branches

Live Mint | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Feb. 1, 2025

India’s largest bank is going high-tech in matters of surveillance by introducing a network to connect all its branches using artificial intelligence-enabled cameras, thermal imaging and intelligent video analytics.

Highlights | New Income Tax Slabs 2025-26: No income tax till income up to Rs 12 lakh in new tax regime, says FM Nirmala Sitharaman; tax slabs revised; Finance Bill will be introduced next week

Zee Biz | Sandeep Agrawal, Director and Co- Founder, Teamlease Regtech | Feb. 1, 2025

Budget 2025 Income Tax Slabs 2025-26 Highlights: Finance Minister Nirmala Sitharaman says that there will be no income tax for taxpayers up to the income of Rs 12 lakh in the new tax regime

Budget 2025 income tax expectations LIVE: Rs 1.2 lakh standard deduction, new regime changes - What taxpayers want

ET Now News | Sandeep Agrawal, Director and Co- Founder, Teamlease Regtech | Jan. 31, 2025

A key focus will be revising tax slabs with tax benefits for individuals earning up to Rs 15 lakh annually, providing relief to millions of middle class taxpayers. Replacement of the Income Tax Act with the Direct tax Code is also on the cards

Budget 2025 Expectations highlights: Union Government calls an all-party meeting on 30th January, ahead of the Budget Session of the Parliament

Economic times | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Jan. 31, 2025

The upcoming budget will be pivotal for driving India Inc.’s growth and global competitiveness. While the introduction of PAN 2.0 as a unified business identifier was transformative, the union and state governments must urgently consolidate the 23 different corporate identities into a single identity.

Tax Talks: Key GST expectations and reforms ahead of Budget 2025

Zee Biz | Sandeep Agrawal, Director and Co- Founder, Teamlease Regtech | Jan. 31, 2025

In this episode of Tax Talks, Sandeep Agrawal, Founder and Director of Teamlease Regtech exploring reforms, compliance, slabs, relief for businesses & more.

Union Budget 2025 | Startup founders and industry experts' expectations from Finance Minister

Zee Biz | Sandeep Agrawal, Director and Co- Founder, Teamlease Regtech | Jan. 31, 2025

The government should promote employment linked incentives especially in employment-intensive sectors such as construction, tourism, textiles, & low-skilled manufacturing to boost employment generation. Additionally, the government is expected to prioritize labor reforms, with a strong emphasis on gig workers. With the gig economy rapidly expanding, protecting this workforce is crucial to ensure fair wages, job security, and social benefits.

Union Budget 2025 Income Tax Live Updates: Changes in income tax slabs, new tax regime, exemptions for home loans, life & health insurance, NPS for middle-class: Here is what India's taxpayers wants from Budget 2025-26

ET Now News | Sandeep Agrawal, Director and Co- Founder, Teamlease Regtech | Jan. 30, 2025

With India losing its growth momentum in Q2, the budget aims to address emerging economic challenges. A key focus will be revising tax slabs with tax benefits for individuals earning up to Rs 15 lakh annually, providing relief to millions of middle-class taxpayers.

2,500 compliances a year, 2233 websites with the regulatory changes: Why EoDB continues to be a “nightmare”

Economic times | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Jan. 29, 2025

Ease of doing business and ease of compliance have clearly been acknowledged as the key constraint to India's future. Over the years, many initiatives have been taken, both by the union government and the state governments, to rationalize compliance burden, but it is not enough. A lot more needs to be done and with greater speed.

Budget 2025 needs economic statecraft

First post | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Jan. 28, 2025

he time for opportunity is over. Today, the Indian economy—alongside all international counterparts—faces a new looming threat. At a time of serial uncertainties, this threat compounds economic complexities. This threat is not physical, not resources, not even technology.

New income tax regime has better tax rates, but what's missing?

MSN | Sandeep Agrawal, Director and Co- Founder, Teamlease Regtech | Jan. 27, 2025

With India losing its growth momentum in Q2, the Budget aims to address emerging economic challenges. A key focus will be revising tax slabs with tax benefits for individuals earning up to Rs 15 lakh annually, providing relief to millions of middle class taxpayers

New income tax regime has better tax rates, but what's missing?

MSN | Sandeep Agrawal, Director and Co- Founder, Teamlease Regtech | Jan. 24, 2025

NATHEALTH seeks formal policy regulating import of refurbished medical devices

Medical Buyer | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Jan. 24, 2025

Several countries in the developed world have specific frameworks and regulations in place for refurbished medical devices. “It is very important that we plug the regulatory gap, and create regulations along the lines of what we have in the developed world,

Share Market Highlights 24 January 2025: Sensex lost 329.92 pts or 0.43% to close at 76,190.46; Nifty 50 depreciated 113.15 pts or 0.49% to 23,092.20

The Hindu Business | Sandeep Agrawal, Director and Co- Founder, Teamlease Regtech | Jan. 24, 2025

The Union Budget 2025-26 will focus on revising the tax regime, prioritizing job creation, and boosting digital infrastructure. With India losing its growth momentum in Q2, the Budget aims to address emerging economic challenges. A key focus will be revising tax slabs with tax benefits for individuals earning up to ₹15 lakh annually, providing relief to millions of middle class taxpayers.

Income Tax Union Budget 2025 Expectations LIVE: Standard deduction hike to Rs 1.2 lakh? Experts share why

ET Now | Sandeep Agrawal, Director and Co- Founder, Teamlease Regtech | Jan. 24, 2025

Union Budget 2025-26 will focus on revising the tax regime, prioritizing job creation, and boosting digital infrastructure. "A key focus will be revising tax slabs with tax benefits for individuals earning up to Rs 15 lakh annually

Turn the red lights green: Aadhaar and Digilocker for enterprises will accelerate job creation

Live Mint | Manish Sabharwal & Rishi Agrawal | Jan. 23, 2025

Unified employer IDs and digital document verification for permissions can help create high-wage jobs by reducing regulatory cholesterol. Implement this without delay.

Ban on used medical device imports sparks medtech reaction

Live Mint | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Jan. 22, 2025

Medical-device industry divided on Health Ministry clarification ending import of refurbished items

The Hindu Business Line | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Jan. 18, 2025

Regulatory framework governing such devices in terms of their traceability, transparency on maintenance details, component replacement records etc in the interest of patient safety. A calibrated approach is required, he said, so that companies are accountable and India does not become a dumping ground for low-quality products.

New Tax Regime: Why should you still opt for tax-saving instruments such as PPF, NPS, NSC?

Live Mint | Sandeep Agrawal, Director and Co-Founder, Teamlease Regtech | Jan. 18, 2025

He points out that the elimination of compulsory tax-saving investments means that individuals can now make choices based on their personal financial goals, rather than just aiming to save on taxes.

Why 2025 Will Be a Breakthrough Year for MSMEs in India's Digital Revolution

MSN | Aditya Pran Mahanta | Jan. 11, 2025

As we step into 2025, micro, small, and medium enterprises (MSMEs) in the digital sector face a rapidly evolving technological landscape that offers both challenges and unprecedented opportunities. Key industry leaders and technology experts share their perspectives on the emerging trends and innovations poised to shape the MSME ecosystem in the coming year.

Progress Without Emissions: CERC’s new carbon credit framework

PowerLine | Sandeep Agrawal, Director and Founder, Teamlease Regtech | Jan. 11, 2025

As India embarks on its journey to become the third-largest economy by 2030, it is important to decouple this progress from harmful carbon emissions. India is the world’s third largest emitter of greenhouse gases after China and the US. In this context, the Prime Minister has taken the Panchamrit Pledge, comprising multiple targets to be achieved by 2030, with the aim of making India carbon-neutral by 2070.

Industry leaders call for up to 90-hour workweek. Should they pay more?

India Today | Sonu Vivek | Jan. 11, 2025

L&T Chairman SN Subrahmanyan made waves by suggesting employees should work on Sundays. Last year, Infosys co-founder Narayana Murthy proposed that millennials work 70-hour weeks to improve India's productivity.

Still not packaged well: GST adds to manufacturing woes, calls for simplification grows

The Economic times | Neha Dewan | Jan. 5, 2025

The munchy popcorn found itself in the spotlight amid different tax rates proposed by the GST Council based on its sugar or salt component. As per the clarification, the GST rate on popcorn mixed with salt and spices will be 5%, while it will be 12% on prepackaged and labelled popcorn and 18% on caramelised popcorn.

DigiLocker outage sparks calls for Digital Public Infra backup

Financial Express | Jatin Grover | Jan. 4, 2025

The DigiLocker outage, which disrupted digital KYC processes for fintech#fe firms, brokers, and other businesses, has led to calls from companies and tech experts to improve the resilience of digital public infrastructure (DPI) to avoid similar issues in the future.

India’s GCC boom: Road ahead not free of hurdles

Deccan Herald | Sonal Choudhary & Anushree Pratap | Dec. 30, 2024

An important issue looming over the scene is red tape. The number of clearances and compliances required is becoming a pain point. “In India, approvals are not easily available without any corruption. Read More..

Top 10 Best Indian Companies for Compliance Solutions 2025 | Streamlining Business Compliance

Inventiva | Kritisrivastava | Dec. 30, 2024

As businesses navigate a complex regulatory landscape, compliance has become a cornerstone of operational integrity. Ensuring adherence to statutory, financial, and environmental norms is crucial for sustaining credibility and avoiding penalties.

Data Sovereignty: A Global Tug-of-War

DQ India | Aanchal Ghatak | Dec. 25, 2024

The article explores the reasons behind data sovereignty, the challenges it presents, and the strategies organizations can use to comply with regulations and maintain innovation.

State of the Economy podcast. What does the successful implementation of the Code on Social Security 2020 mean for gig worker welfare in 2025?

The Hindu Business | KR Srivats Siddharth Mathew Cherian | Dec. 20, 2024

In India, only 9-10% of the workforce is organized, the rest are in the unorganized segment. Gig workers are a part of that unorganized segment, and they need social security benefits,” says Rishi Agrawal, Co-founder & CEO of TeamLease Regtech.

Central KYC registry extends deadline for masking KYC documents

Financial Express | Sachin Kumar | Dec. 18, 2024

In a move that provides relief to financial institutions, the Central KYC Records Registry has extended the deadline for masking Know Your Customer (KYC) documents to January 20 next year. The original deadline, which expired on December 16, had raised concerns among banks and fintech companies, who cited insufficient time for implementation. The extension comes after multiple requests from these institutions seeking more time to comply with the updated KYC requirements.

PAN 2.0: Revolutionising India’s financial ecosystem

Express Computer | Rishi Agrawal, CEO and Co Founder, Teamlease Regtech | Dec. 18, 2024

India’s regulatory framework requires businesses to manage at least 23 central and state identities. To name a few, some corporate identifications issued by central departments are EPFO Number, ESIC Number, PTIN, IEC, FSSAI, LIN (Labour Identification Number), PAN, TAN(multiple), GSTN, CIN, Udyog Aadhar, among others. The state departments also issue the Professional Tax Number, Factory license number, Shop & Establishment Registration, Labour welfare board registration, Contract labour Principal Employer registration number, TIN among others.

EPF Balance Transfer: Is updated date of exit of last organisation on EPFO portal mandatory for applying for transfer?

MSN | Neelanjit Das | Dec. 16, 2024

One of the important tasks to do when changing a job is to transfer Employee Provident Fund (EPF) balance from old organisation to new. If you make the mistake of not transferring the EPF balance to the new organisation for a longer period then your account may become dormant and stop earning interest after a certain number of years. To continue earning uninterrupted interest on all your EPF balance you must go EPF balance transfer as soon as possible. However, can you do this without your date of exit of previous organisation being updated on EPFO portal? Read on to know.

PF claim settlement rule change: Now EPF members will get more interest money on EPF withdrawal, faster settlement

MSN | Preeti Motiani | Dec. 16, 2024

The Employees Provident Fund Organisation (EPFO) has announced some relief to the Employees Provident Fund (EPF) members regarding interest payment on the EPF claim settlement. The decision was made during the Central Board of Trustees (CBT) meeting held on November 30, 204. The new EPFO rule will help EPF members to get more interest money at the time of EPF claim settlement and also faster claim settlement.

Compliance Professionals Gather at TeamLease RegTech’s Hyderabad Roundtable: Compliance 3.0-Beyond Accidental Compliance

CXO today | CXOtoday News Desk | Dec. 13, 2024

TeamLease RegTech concluded its exclusive roundtable Compliance 3.0: Going Beyond Accidental Compliance in Hyderabad on December 11, 2024. Compliance officers, legal counsel, and company secretaries marked their presence from the industry in an in-depth discussion about the challenges facing India’s expanding regulatory landscape and developing sustainable compliance frameworks. Simplifying the complex ecosystem, creating a compliance-based culture in the organizations, and enabling technological innovation were identified as important steps toward building an effective regulatory ecosystem in the country.

Balance Innovation with Regulation: Experts Discuss Future Legal Framework of AI in India

APACA News | Bhaswati Guha Majumder | Dec. 13, 2024

After the Union Minister for Electronics and Information Technology, Ashwini Vaishnaw announced the government’s openness to introducing a new law for artificial intelligence (AI), Bhaswati Guha Majumder of CXO News and APAC News Network gathered perspectives from leading experts

Navigating Compliance Challenges: Bridging the Gap in the QSR Sector

Business of food | Jigyasa Aggarwal | Dec. 13, 2024

This insightful conversation with Balasubramanian A, VP & Business Head of TeamLease Services Ltd., explores the key compliance hurdles, potential consequences, and effective strategies to ensure long-term sustainability in the QSR sector. To begin, it sounds like the QSR sector is facing a lot of pressure, more so after the pandemic.

PF claim settlement rule change: Now EPF members will get more interest money on EPF withdrawal, faster settlement

Economic times | Preeti Motiani | Dec. 13, 2024

PF claim settlement rule change: Now EPF members will get more interest money on EPF withdrawal, faster settlement

TeamLease RegTech Hosts Hyderabad Roundtable on Compliance 3.0

Business News Week | Mansi | Dec. 13, 2024

EPF Balance Transfer: Is updated date of exit of last organisation on EPFO portal mandatory for applying for transfer?

Economic times | Neelanjit Das | Dec. 9, 2024

PAN 2.0: A Game-Changer For Indian Businesses

Jaagrubharat | Komal Bajpai | Dec. 4, 2024

The new project PAN 2.0 of the Government of India promises to revolutionise doing business and being compliant. Therefore through the adoption of a single identifier, it is a goal of PAN 2.0 that the multiple identity numbers would be removed, and the smooth compliance process would commence. Due to this initiative, firms of all types are said to stand to gain in terms of efficiency while the government’s ability to monitor these firms will improve.

TDS on EPF Withdrawal: Avoid a 30% Tax Hit- if PAN not furnished!

Wallet 4 Wealth | Wallet 4 Wealth | Nov. 29, 2024

TDS on EPF withdrawals is mandatory under Section 192A of the Income Tax Act, with specific rules for exemptions and conditions based on service duration and PAN availability.

Unified Business Identifier: A Step Towards Simplified Compliance In India

BW Security world | Prabhat Shukla | Nov. 29, 2024

India’s complex regulatory landscape is set for a significant transformation with the introduction of PAN 2.0, a unified business identifier aimed at streamlining compliance and reducing bureaucratic hurdles for entrepreneurs. Currently, businesses in India juggle over 23 different identifiers issued by various central and state authorities. Common identifiers include PAN, GSTN, CIN, TAN, and Factory Licence Number, each with distinct lifecycles and renewal processes, creating unnecessary complexity.

Navigating Ad Compliance Challenges

The Media Stories | Neha Mehta | Nov. 29, 2024

In this engaging interview, Rishi Agrawal, CEO and co-founder of TeamLease RegTech, shares his insights on transforming compliance in India. With a focus on leveraging technology to simplify regulatory complexities, Agarwal discusses his ambitious vision of a cashless and paperless compliance landscape. He delves into the impact of AI on the advertising ecosystem, the challenges of digital regulation, and his commitment to fostering transparency. Join us as he offers a glimpse into his groundbreaking work and the future of compliance in India.

Why PAN 2.0 is the booster shot Indian businesses needed

India Today | Sonal Khetarpal | Nov. 28, 2024

The Cabinet Committee on Economic Affairs (CCEA) has approved the income tax department’s Rs 1,435 crore PAN 2.0 project, under which the 10-digit alphanumeric Permanent Account Number (PAN) will become a ‘common business identifier’ for all entities.

EPFO: Activate UAN, link Aadhaar with bank a/cs to get ELI scheme benefits

Business Standard | Surbhi Gloria Singh | Nov. 28, 2024

Employees must activate their Universal Account Number (UAN) and link Aadhaar to their bank accounts by November 30, 2024 to be eligible for the Employment Linked Incentive (ELI) scheme.

ELI benefits from EPFO: Deadline for eligible employees to activate UAN is November 30, 2024; here’s how to do it

MSN | Neelanjit Das | Nov. 28, 2024

Activation of Universal Account Number (UAN) and seeding of Aadhaar to bank account is must for employees who wish to claim benefit of Employment Linked Incentive (ELI) scheme, which is administered through the Employees Provident Fund Organisation (EPFO). This mandatory exercise needs to be completed by November 30, 2024, if you want to get the benefits of the ELI scheme. Finance minister Nirmala Sitharaman announced this new scheme during the Union Budget 2024 in July and there are three types of ELI schemes (A, B, and C).

Sustainability, self-reliance emerge as top takeaways for MSMEs in Pune edition of ET Make in India SME summit

PTI News | pti news | Nov. 23, 2024

THE SUMMITS ARE A SERIES OF ON-GROUND EVENTS HELD ACROSS INDIA TO BRING TOGETHER LOCAL MSMES: , enablers and industry stakeholders Pune (Maharashtra) [India],November 25: The ET Make in India SME Regional Summit in Pune had a stellar start with a range of industry representatives, SME associations and small businesses who were a part of the event. These summits aim to unravel opportunities, tackle challenges and foster knowledge-sharing and networking to propel the next phase of growth for Indian MSMEs.

EPFO Plans To Allow More Banks For EPF Collection To Speed Up The Process: Know The Impact

Retirement Outlook India | Versha Jain | Nov. 23, 2024

The Employees’ Provident Fund Organisation (EPFO) is considering involving more banks to collect EPFO proceeds from organisations and submit them to the retirement fund body, as per the Economic Times report. The proposal to expand the collecting bank is to speed up collection, streamline the process, and add to the employers’ and employees’ convenience and overall experience. EPFO has been facing numerous issues for quite some time due to its slow operational processes, outdated IT infrastructure, several customer complaints, claim rejections, and so on. Lately, changes have been made in the auto settlement rules for a limited amount of money, sending messages to subscribers on every transaction, besides overhauling the organisation’s overall IT infrastructure.

Impact of DPDPA 2023, and Data Privacy Mandates on Fintech and Consumer Tech: Sandeep Agrawal, Teamlease Regtech

TechAchieve Media | Supriya Rai | Nov. 23, 2024

Recently, the Ministry of Home Affairs issued a directive mandating fintech and consumer tech companies to halt the unauthorized use of PAN card data. This move, facilitated through the Indian Cybercrime Coordination Centre (I4C), aligns with the government’s commitment to enforce the Digital Personal Data Protection Act (DPDPA) of 2023

Top 10 Ways Labour Compliance Automation is Improving Efficiency for SMEs in India

NewzNew | CP Singh | Nov. 23, 2024

Top 10 Ways Labour Compliance Automation is Improving Efficiency for SMEs in India: India’s evolving labour law landscape, driven by frequent updates and changes, poses both opportunities and challenges for small and medium enterprises (SMEs).

India's FDI squeeze

India Today | M.G. Arun | Nov. 23, 2024

One of the narratives of the Bharatiya Janata Party on the eve of the general election in May-June this year was that India, under the Narendra Modi government, was beginning to claim her rightful place in the world. It was growing at 7 per cent, was the fastest growing major economy, was poised to become the world’s third largest economy by 2027 and, with policies aimed at improving the ease of doing business, was attracting the best of investment from overseas. Becoming a manufacturing hub for the world for at least some goods also seemed well within sight.

Adtech and data privacy: Balancing compliance and innovation

Financial Express | Guest | Nov. 23, 2024

While the emphasis on data privacy is a positive development, it also presents significant challenges for companies operating in the ad tech space where building consumer trust in a privacy-conscious market becomes utterly paramount.

Competitive pressure and ROI requirements drive misleading ads: Rishi Agrawal, Teamlease Regtech

Media News 4u | MN4U Bureau | Nov. 22, 2024

The Advertising Standards Council of India (ASCI) is leveraging artificial intelligence (AI) to monitor and regulate the rapidly growing digital advertising landscape. This technology helps quickly identify misleading claims, exaggerated health benefits, and inappropriate content, ensuring consumers are protected from harmful messaging. The rise of online ads, especially in sectors like alcohol, healthcare, and digital finance, has made maintaining ethical standards increasingly challenging.

Top 10 Ways Labour Compliance Automation is Improving Efficiency for SMEs in India

India CSR | India CSR | Nov. 22, 2024

NEW DELHI (India CSR): India’s evolving labour law landscape, driven by frequent updates and changes, poses both opportunities and challenges for small and medium enterprises (SMEs). For instance, there were approximately 517 regulatory updates in FY22-23 alone. Labour compliance is a complex and challenging area, with labour laws accounting for 463 acts (30.1%), 32,542 compliances (47%), and 3,048 filings (46%) of the total regulatory landscape. Managing compliance manually in such a dynamic and regulated environment is increasingly complex. Labour compliance automation offers a robust solution to help SMEs streamline operations and stay compliant. Here are the top 10 ways in which automation helps streamline these processes by ensuring timely filings, reducing the risk of human error, and enabling SMEs to keep up with ever-evolving labour laws efficiently. – Mr. Sandeep Agrawal, Co-founder and Director, TeamLease Regtech

India’s Crackdown On PAN Data Misuse: A Game-Changer For Digital Privacy

BW Security world | Prabhat Shukla | Nov. 22, 2024

The Ministry of Home Affairs (MHA) has taken a firm stance to halt the unauthorised use of PAN data, marking a significant step in enforcing the provisions of the Digital Personal Data Protection Act (DPDPA), 2023. This move is a direct response to growing concerns about the misuse of Personally Identifiable Information (PII) and aims to bolster data privacy standards in the digital ecosystem.

EPF, EPS wage ceiling hike likely in Union Budget 2025! Rs 6000 jump in limit expected – How will this impact pension?

Financial Express | PF Desk | Nov. 22, 2024

For employees, a higher EPF wage ceiling would significantly increase their retirement corpus as EPF contributions (12% of the salary from both employer and employee) would rise, leading to more savings over time.

Competitive pressure and ROI requirements drive misleading ads: Rishi Agrawal, Teamlease Regtech

Media News 4u | MN4U Bureau | Nov. 22, 2024

Karnataka Must Embrace Decriminalisation in State Employment Laws

India Employer Forum | India Employer Forum | Nov. 21, 2024

Karnataka’s current progress in creating high-wage jobs compared to other states is deeply rooted in historical investments in human capital, supported by the collective vision of C.V. Raman, Visvesvaraya, Jamsetji Tata, Mirza Ismail, Madhav Rao, and chief ministers who prioritised expanding engineering education. To further strengthen this lead, Karnataka has the unique opportunity to spearhead a groundbreaking national initiative aimed at decriminalising 1,175 provisions in state employment laws and regulations.

Strengthening Data Privacy in the Digital Era: The Impact of DPDPA 2023 on the Tech Industry and Consumer Trust

CXO today | CXOtoday News Desk | Nov. 21, 2024

CXOToday has engaged in an exclusive interview with Mr. Sandeep Agrawal Director and Founder of Teamlease Regtech

Karnataka Must Embrace Decriminalisation in State Employment Laws

India Employer Forum | India Employer Forum | Nov. 21, 2024

Banks, NBFCs, and FinTechs identify unauthorised lenders as top risk: Report

BFSI Economic Times | Shrishti Sharma | Nov. 14, 2024

India’s banking regulator, the Reserve Bank of India has held a strong grip over the financial entities which also led to the evolution of what factors identify as the risks for lenders. A recent survey conducted by the FinTech Association for Consumer Empowerment (FACE) and Grant Thornton has revealed a spectrum of risks as perceived by both lending and non-lending entities.

Monthly Compliance Roundup October 2024

India Employer Forum | India Employer Forum | Nov. 13, 2024

The regulatory compliance landscape in India is highly dynamic, with an average of ~23 updates per day. In FY23-24 alone, there were as many as 8,331 updates w.r.t compliance requirements. These regulatory changes are notified on over 2,000 union, state, and local government websites in the form of notifications, directions, circulars, advisories, orders, amendments, and so on. More often than not, these regulatory updates pertain to crucial changes in procedures, dates, penalties, calculations, and applicable duties, among others. Staying abreast of the latest regulatory developments is essential for any business to avoid compliance errors and inadvertent lapses.

Is Regulatory Cholesterol Detrimental to Job-Creation?

Time Ascent | Mr. Kartik Narayan CEO - Staffing TeamLease Services Ltd | Nov. 13, 2024

Today, we are the only large country that has over 20 years of high growth ahead of us, supported by policy reforms that have systematically tackled challenges in recent years, including GST, Bankruptcy, Labour Law Codification, Agriculture Market Liberation, New Education Policy, and Banking Competition. A critical component missing from this impressive suite of reforms is Compliance Reform.

Monthly Compliance Roundup October 2024

India Employer Forum | India Employer Forum | Nov. 13, 2024

How can Indian Companies Improve their Cybersecurity Frameworks, Particularly in Critical Sectors like Healthcare?

IT News Online | Rishi Agrawal, CEO and Co-Founder, Teamlease Regtech | Nov. 11, 2024

The advent of the digital revolution has transformed every sector and industry, and the $370+ billion healthcare sector is no exception. While the Digital India initiative has transformed both markets and their regulatory landscapes, the development of necessary checks, controls and protections for data security has not kept pace. The regulatory gaps around data privacy and protection were the key factors that led to the introduction of the Digital Personal Data Protection Act, 2023 (DPDP Act). Even though the DPDP Act aims to limit data collection and usage, concerns about data security persist. For instance, the absence of standardized data encryption increases vulnerability to cyberattacks.

CCPA cracks down on surrogate advertising in alcohol and tobacco industries: New guidelines target celebrities and brands

Financial Express | Geetika Srivastava | Nov. 11, 2024

The government’s motivation for tightening the noose on surrogate advertisers is clear: tobacco consumption accounts for over 1 million adult deaths each year, while alcohol-related deaths are estimated at 38.5 per 100,000 people annually.

How India’s greenwashing guidelines are reshaping sustainability claims for brands

Financial Express | Geetika Srivastava | Nov. 4, 2024

What does it mean for a product to be ‘eco-friendly’ or ‘organic’?” These terms, which have long served as powerful marketing hooks, can no longer be used without consequence. With the introduction of guidelines against

Experts bullish on fintech’s future in spite of stricter regulations

Deccan Herald | Anushree Pratap | Nov. 4, 2024

Yet even in this atmosphere of heightened regulations, analysts, venture capital firms (VCs), and financial technology companies (fintechs) that DH spoke to unanimously said that RBI’s steps are positive for deeper fintech penetration into the unbank...

The FinTech Dilemma: Regulation or Innovation

BFSI Economic Times | ETBFSI Staff | Oct. 30, 2024

The RBI has taken a series of measures in the last few weeks and charged FinTechs for non-compliance. Regulators supervisory actions include digital lending to unsecured lending and NBFCs to P2P. How are FinTechs reacting to RBIs actions? What next for FinTechs? Innovation or regulation, what comes first? The special episode of FinTech Diary will have it all.

Quality control in the Indian pharma industry”: Who’s responsible?

Hindu Business | Jyoti Dutta | Oct. 25, 2024

I would want to find a source where I can get medicine cheaper. That doesn’t make me accountable. The accountability resides purely on the regulator to ensure that the medicine supplied is actually the correct medicine, says Rishi Agrawal, CEO and Co-founder of TeamLease RegTech.

Explained: Why Karnataka Government Wants Customers to Pay More on Aggregator Transactions

Outlook Business | Nabodita Ganguly | Oct. 25, 2024

The Karnataka government announced on October 19 that they will impose a new cess on transactions that will be conducted through aggregator platforms including Ola, Uber, Swiggy, Zomato, and others. Cess is a type of tax that is imposed on top of a taxpayer's base tax obligation. It is typically enforced in addition when the state or federal government seeks to raise money for particular objectives.

Navigating Ad Compliance Challenges

Ad tech today | Netra Gupte | Oct. 25, 2024

EXPLAINER | The fight against false green claims

Financial Express | Geetika Srivastava | Oct. 25, 2024

Companies will now have to provide verifiable evidence for eco-friendly assertions like “organic,” “pure,” or “recyclable,” in their product advertisements as per the new guidelines on greenwashing and misleading environmental claims. FE explains how this will help curb dubious claims

Sustainability, self-reliance emerge as top takeaways for MSMEs at Pune edition of ET Make in India SME Regional Summit

Economic times | Neha Dewan | Oct. 25, 2024

The ET Make in India SME Regional Summit in Pune had a stellar start with a range of industry representatives, SME associations and small businesses sharing their ideas and visions at the event.

Stringent Steps Needed To Keep India Label Safe From Fly-By-Night Operators

medicare pharma business | medicare pharma business | Oct. 22, 2024

Last month, the national drug regulator’s report on not-of-standard-quality (NSQ) drugs had many worriedly check the medicines they consume.

Outgunning fake drugmakers

Business Line | PT Jyothi Datta | Oct. 20, 2024

Last month, the national drug regulator’s report on not-of-standard-quality (NSQ) drugs had many worriedly check the medicines they consume.

No GST on life and health insurance? Here's how it will impact you

India Today | Sonu Vivek | Oct. 20, 2024

This change, if implemented, could bring relief to policyholders and support the insurance sector by lowering the costs of these essential services.

5 Key Insights on How AI is Revolutionizing Digital Advertising Compliance in India

CXO today | CXOtoday News Desk | Oct. 18, 2024

The Advertising Standards Council of India (ASCI) has taken a bold step by integrating artificial intelligence (AI) into its ad monitoring processes. With the explosive growth of digital advertising, the need for robust regulation has never been more urgent. Al is now at the forefront of this effort, helping to ensure that digital advertisements adhere to ethical standards, protect consumers, and promote accountability. Here are five key insights into how Al is reshaping digital advertising compliance in India by Sandeep Agrawal, Co- Founder and Director at TeamLease RegTech Private Limited, the largest compliance management company in India:

Why 18% GST on life and health insurance is high and must be slashed

India Today | Priyanjali Narayan | Oct. 16, 2024

Indians are paying an 18% GST on term and health insurance premiums, which is higher than what people pay in the US, the UK and South Africa -- a Brics country. This is why experts suggest that the GST Council should bring down tax on insurance premiums.

Revolutionizing the Field of Law: How AI Simplifies Contract Management

Elblog | Roman Rember | Oct. 14, 2024

Initially, SpotDraft attempted to automate the review of non-disclosure agreements through an AI tool. However, lacking a diverse enough dataset, the company shifted focus. The pivotal moment came with the advent of GPT-3, prompting the development of their Contract Lifecycle Management (CLM) platform launched in 2020. Gen AI and SpotDraft’s proprietary technology synergize to offer an exceptional legal experience, crafting, managing, and interpreting contracts with ease.

India’s Booming Fintech Ecosystem: Growth, Regulations, & Challenges

BW Security world | Prabhat Shukla | Oct. 11, 2024

In recent years, India’s fintech ecosystem has experienced explosive growth, reshaping the nation’s financial landscape. From digital payments to lending platforms and insurance technology, fintech innovations have transformed how people and businesses access financial services. This rise has been driven by factors like the rapid adoption of smartphones, expanded internet connectivity, and government initiatives such as Digital India. As more consumers embrace digital transactions, India has become a key player in the global fintech space, attracting both homegrown startups and international companies eager to tap into its vast market potential.

How tech can safeguard hotel Industry amid growing regulatory scrutiny

Hospitality Economic Times | Rishi Agrawal | Oct. 10, 2024

In these past couple of years, the hotel industry has been facing a constant evolution of regulatory scrutiny, creating a complex compliance environment for operators. Hotels are taced with a labyrinth of compliance challenges from adhering to data security provisions, FSSAI regulations to meeting labour compliances under various legislations. To navigate through these regulatory demands and ensure efficiency and transparency in the process, hotels today have a chance to leverage technology as a solution.

Digital Transformation: A Key to Upholding Labor Law Compliance and Employee Rights

Times Ascent | Sandeep Agrawal | Oct. 3, 2024

Labor rights are the foundation of creating a fair and just workplace and ensuring that employees are treated with dignity and respect. But the complex compliance landscape poses a significant challenge for businesses.

Top 5 Best Compliance Management Companies in India

Startup pedia | Md Noor Alam | Oct. 3, 2024

As technology advances, private and public organizations in India are embracing new-age software and tools to stay updated and efficient.

Got tax notice to pay additional tax? Your TDS claim rejection could be the reason; know when it can happen

Economic times | Neelanjit Das | Oct. 3, 2024

The tax department will flag your income tax return (ITR) and disallow tax deducted at source (TDS) credit if it detects any mismatch in TDS data reported by you in the ITR and by the TDS deductor. This is because when a TDS deductor deducts the tax, they need to file a TDS return, which the tax department reconciles with the data reported by you.

Is P2P Borrowing For You?

Business World | Anandini Gupta | Oct. 1, 2024

RBI has issued amended guidelines for Peer-to-Peer (P2P) lending platforms, tightening the involvement of and assumption of risk by NBFCs in the P2P lending process. A cumulative lending limit of Rs 50 lakh for individual lenders across all platforms has been enforced. With a ban on lender substitution and closed group mapping, the borrowing process has become more accessible and transparent (Closed group mapping in P2P lending refers to a system where borrowers and lenders are connected within a specific, exclusive network

The Importance of Compliance Management in Businesses to Mitigate Risk & Ensure Security

Business Micro | Rabindra | Oct. 1, 2024

simplified compliance management, ensuring businesses stay on top of regulations, avoid penalties, and increase operational efficiency. Here are the ways to stay compliant and how it can help businesses streamline their processes:- 1. Streamlining Compliance Processes with Automation Manual compliance processes are often complex, time-consuming

The Importance of Compliance Management The Growing & Evolving Compliance Management Requirements

Process Flows | Process Flow | Oct. 1, 2024

The nature and complexity of any compliance requirements varies significantly by industry, geography and function. For example there are specific compliance requirements for healthcare, manufacturing and finance industries and functions. There are also non industry-specific compliance requirements that apply to everyone in the UK such as those for Health & Safety, environmental, employment law, Data protection and privacy as well as information security.

Top 5 Best Compliance Management Companies in India

NewzNew | CP Singh | Oct. 1, 2024

TeamLease RegTech is India’s leading regulatory technology company transforming Compliance. Its solution helps Corporate India stay on the right side of the law with a real-time environment that is trusted by over 1500 entities and 25,000 enterprise users in 45 industries.

The Importance of Compliance Management in Businesses to Mitigate Risk & Ensure Security

CXO today | CXOtoday News Desk | Sept. 26, 2024

As regulatory requirements evolve, businesses face increasing pressure to stay compliant with laws and industry standards. Continuous compliance Management can help organisations to prevent lawsuits and policy violations. Compliance management software has emerged as a vital tool to help organisations efficiently manage these challenges.

Work pressure is intense in IT and consulting sectors.

New India Express | Uma Kannan | Sept. 25, 2024

The recent tragic death of a young employee has raised serious concerns about long working hours and work pressure across different sectors. From consulting to IT jobs, work pressure is intense, say HR experts and warn that the toxic work culture should not be glorified.

Monthly Compliance Roundup August 2024

India Employee Forum | India Employee Forum | Sept. 17, 2024

How insurance industry is adopting technology to assist customers

Business Standard | Aathira Varier | Sept. 13, 2024

The insurance industry can use technology to assist customers and reduce grievances about delay and rejection of claims, according to experts. Satyajit Tripathy, member-distribution at the Insurance Regulatory and Development Authority of India, said that in the non-life insurance sector grievances were mostly related to claims

Man nearly duped of Rs 44,000 in credit card scam: How it unfolded

Business Standard | Surbhi Gloria Singh | Sept. 11, 2024

A man recently shared his experience on Reddit, detailing how he was nearly tricked into paying Rs 44,000 on September 7. According to his post, he received a call from someone posing as an HDFC Credit Card Department representative, offering him a lifetime free card. Interested, he agreed, and the caller requested an OTP to log in to mycard.hdfc.com. Without verifying, he shared the OTP.

GST Council Meeting Highlights: New GST invoice system from October 1; Car seat tax hikes to 28%

Financial Express | FE Business | Sept. 10, 2024

54th GST Council Meet Highlights, Nirmala Sitharaman Tax Announcements Live: The GST Council meeting has agreed to form a Group of Ministers to study the matter and may expect decision in next meeting.

GST Council Meeting Highlights: GST on Cancer drugs reduced to 5%, no GST on funds given to Central or State university

Live Mint | Shivangini, Anubhav Mukherjee | Sept. 10, 2024

GST Council Meeting Highlights: One of the primary topics on the agenda is the potential reduction of GST rates on life and health insurance premiums. Currently set at 18%, a rate cut could significantly lower insurance costs for policyholders. The Council is expected to review a report from the fitment committee on the GST levied on life, health, and reinsurance premiums, along with its revenue implications.

GST Council Decisions: What Businesses And Consumers Need To Know

Business World | Satyam Mishra | Sept. 10, 2024

The 54th meeting of the Goods and Services Tax (GST) Council has brought several key issues to the forefront, addressing concerns on online payments, helicopter services for religious purposes, and the taxation of research and development activities in educational institutions. India’s GST collections slightly declined to Rs 1.75 lakh crore in August 2024 from Rs 1.82 lakh crore the previous month.

GST Council Meeting Highlights: GST on Cancer drugs reduced to 5%, no GST on funds given to Central or State university

Live Mint | Shivangini | Sept. 9, 2024

Cracks in export backbone: MSME units in 4 manufacturing hubs shut shops as global orders dry up

Economic times | ET Prime | Sept. 7, 2024

About 50% of micro firms in Panipat have shut down and 25-30% of SMEs are on the verge of closure,” says Vinod Kumar, who runs a home furnishing firm, Milano Texfab, in the city in Haryana. The MSME sector in Panipat, about 90 km north of New Delhi, that was bustling with micro firms

Republic Digital hosts roundtable on Union Budget '24 impact on Startups

Adgully | Adgully Bureau | Sept. 3, 2024

Republic Digital is set to host the inaugural Republic Digital Roundtable on September 6th at Sterlings Mac Hotel, Bengaluru. This exclusive, invite-only event will convene thought leaders, including visionary founders, industry veterans, and policymakers, to delve into the financial planning strategies of India’s startup ecosystem as outlined in the Union Budget 2024

How ULI can be a game changer for MSME and Agriculture borrowers?

BFSI Economic Times | Vikas kumar | Sept. 2, 2024

ULI facilitates the flow of digital information, expediting the credit appraisal process and enabling borrowers to compare loan products from multiple lenders on one platform. ULI will allow rural and MSME borrowers to apply for credit from multiple lenders through a single platform. It can also provide borrowers with clear information about different loan products.

Safety of Women@Work: What needs to be done

India Today | Sonal & Sonali | Sept. 2, 2024

Abhaya lives. The nationwide outrage that broke out over the bestial rape and murder of a 31-year-old trainee doctor at a prominent state-run hospital, the R.G. Kar Medical Centre and Hospital, in Kolkata on August 9, just refuses to die. Till justice, it seems, is done not just for her but for the millions of women across the country who work in offices, factories or in the services sector, in increasingly unsafe working conditions.

Soon, loan processing for MSMEs, others will be faster, simpler: Here's how

Business Standard | Surbhi Gloria Singh | Aug. 30, 2024

taking a loan for your small business, buying equipment for farming, or covering other essential needs will be faster and easier. The Reserve Bank of India (RBI) plans to launch the Unified Lending Interface (ULI) on a national level, aiming to transform the lending process across India. Initially introduced as a pilot project in 2023, ULI will soon be available for wider use, according to RBI Governor Shaktikanta Das.

Hospitals dealing with over 950 compliances in a year

Medical Buyer | Medical Buyer | Aug. 28, 2024

TeamLease Regtech has released its report titled ‘Simplifying Compliance Management for Hospitals.’ The report presents a peak into the complexities that have plagued the hospitals in the country. It analyses the extant regulatory framework, discusses challenges and recommends action items to mitigate those complications.

7 Reasons Why Automating Labour Compliance is Crucial for Businesses in India

News Patrolling | Naman Bansal | Aug. 28, 2024

The recent overhaul of India’s labor laws has put businesses on high alert, making labor compliance more crucial—and more challenging—than ever before, With over 32,000 rules to follow and the risk of hefty fines or even jail time for getting it wrong, companies, especially small and medium enterprises (SMEs), are feeling the pressure. For many, keeping up with these ever-changing regulations while managing third-party contractors has become a daily struggle. But there’s hope: automation is stepping in to turn this complex, error-prone process into something manageable. By automating labor compliance, businesses can cut through the chaos, save time, reduce costs, and focus on what really matters—growing their business.

26% ITRs yet to be processed after 22 days of the deadline, will your ITR come under scrutiny?

Economic times | Neelanjit Das | Aug. 26, 2024

The Income Tax Department has processed 73.71% of all the verified income tax returns (ITRs) as of August 22,2024, 1pm. According to data available on the e-filing ITR portal, 7,13,00,901 ITRs were verified and 5,25,53,097 ITRs were processed as on date. This means 26.29% or 1,87,47,804 ITRs are yet to be processed (7,13,00,901 minus 5,25,53,097). If you fall in this

26% ITRs yet to be processed after 22 days of the deadline, will your ITR come under scrutiny?

Economic times | Neelanjit Das | Aug. 23, 2024

The Income Tax Department has processed 73.71% of all the verified income tax returns (ITRs) as of August 22, 2024, 1 pm. According to data available on the e-filing ITR portal, 7,13,00,901 ITRs were verified and 5,25,53,097 ITRs were processed as on date. This means 26.29% or 1,87,47,804 ITRs are yet to be processed (7,13,00,901 minus 5,25,53,097). If you fall in this 26% group, then you might be curious as to why your ITR has yet to be processed, as more than half of the ITRs have already been processed.

26% de ITR aún no se han procesado después de 22 días de la fecha límite, ¿su ITR estará bajo escrutinio?

Oficnista | Rosa Gloria Chagoyan | Aug. 23, 2024

El Centro de Procesamiento Centralizado (CPC) del Departamento de Impuestos sobre la Renta procesa las declaraciones de impuestos de forma digital mediante sistemas automatizados. “Dado que la mayoría de las declaraciones de impuestos se presentaron en la última semana de julio, cerca de la fecha de vencimiento, es digno de elogio que el 70% de ellas ya se hayan procesado en tan solo 20 días. Se espera que las declaraciones restantes se procesen pronto. Una vez que se procesa una declaración de impuestos, los contribuyentes que solicitan un reembolso de impuestos pueden esperar recibirlo pronto”, cube Ankit Jain, socio de Ved Jain & Associates. Sin embargo, cuando lo comparamos con los datos recientes sobre el tiempo de procesamiento promedio que se redujo a 11 días en 2023 desde 93 días en 2013, parece que el departamento de TI puede estar tomando más tiempo en las declaraciones de impuestos restantes.

Hospitals deal with over 950 compliances in a year: Reports Teamlease RegTech

Pharma biz | Our Bureau, Mumbai | Aug. 14, 2024

TeamLease RegTech, India’s leading Regulatory Technology (RegTech) solutions company, has released its report titled ‘Simplifying Compliance Management for Hospitals.’ The report presents a peak into the complexities that have plagued the hospitals in the country. It analyses the extant regulatory framework, discusses challenges and recommends action items to mitigate those complications.

Indian hospitals deal with over 950 compliances in a year, reveals report

Express Healthcare | EH News Bureau | Aug. 14, 2024

TeamLease Regtech, a Regulatory Technology (Regtech) solutions company, has released its report titled ‘Simplifying Compliance Management for Hospitals.’ The report presents a peak into the complexities that have plagued the hospitals in the country. The report analyses the extant regulatory framework, discusses challenges and recommends action items to mitigate those complications.

Hospitals in India face overwhelming compliance burden: Report

Health Economic Times | ETHealthWorld | Aug. 14, 2024

A recent report by TeamLease Regtech reveals that a single-entity 50-bed hospital with a diagnostic center, radiology, pathology lab, and pharmacy, along with a corporate office in a single state, must navigate 623 unique compliances annually. Of these, 421 (67.5 per cent) are at the union level, 192 (31 per cent) are at the state level, and 10 (1.5 per cent) are at the municipal level. Additionally, the hospital is required to obtain 100 licenses, permissions, and approvals under 58 different acts.

Indian Hospitals Grapple with Over 950 Compliance Issues Annually, Report Reveals

Health and Family | Health and family | Aug. 14, 2024

Hospitals in India are burdened with an overwhelming number of compliance requirements, with a new report highlighting that they face over 950 compliance issues every year. The report, released by TeamLease Regtech, a regulatory technology solutions company, sheds light on the extensive regulatory complexities that Indian hospitals must navigate, potentially hindering their growth and efficiency.

Indian hospitals deal with over 950 compliances in a year: Report

Hans India | IANS | Aug. 13, 2024

New Delhi: Hospitals in India face over 950 compliance issues in a year, according to a report on Tuesday. The report by TeamLease Regtech, a regulatory technology (Regtech) solutions company, presents a peak into the complexities that have plagued the hospitals in the country. The report noted that a typical single-entity 50-bed hospital with a diagnostic centre, radiology, pathology lab, and pharmacy with a corporate office in a single state needs to deal with 623 unique compliances.

Indian hospitals deal with over 950 compliances in a year: Report

Bhaskar Live | IANS | Aug. 13, 2024

New Delhi, Aug 13 (IANS) Hospitals in India face over 950 compliance issues in a year, according to a report on Tuesday. The report by TeamLease Regtech, a regulatory technology (Regtech) solutions company, presents a peak into the complexities that have plagued the hospitals in the country. The report noted that a typical single-entity 50-bed hospital with a diagnostic centre, radiology, pathology lab, and pharmacy with a corporate office in a single state needs to deal with 623 unique compliances.

Indian hospitals deal with over 950 compliances in a year: Report

Social News | Gopi | Aug. 13, 2024

New Delhi, Aug 13 (SocialNews.XYZ) Hospitals in India face over 950 compliance issues in a year, according to a report on Tuesday. The report by TeamLease Regtech, a regulatory technology (Regtech) solutions company, presents a peak into the complexities that have plagued the hospitals in the country.

Indian Hospitals Deal With Over 950 Compliances In A Year: Report

Menafn | IANS | Aug. 13, 2024

The report by TeamLease Regtech, a regulatory technology (Regtech) solutions company, presents a peak into the complexities that have plagued the hospitals in the country. The report noted that a typical single-entity 50-bed hospital with a diagnostic centre, radiology, pathology lab, and pharmacy with a corporate office in a single state needs to deal with 623 unique compliances.

Indian hospitals deal with over 950 compliances in a year: Report

Lok Mattimees | IANS | Aug. 13, 2024

COMPLIANCE ISSUE | Indian hospitals deal with over 950 compliances in a year: Report

Punjab Page | Punjab Page | Aug. 13, 2024

NEW DELHI: Hospitals in India face over 950 compliance issues in a year, according to a report on Tuesday. The report by TeamLease Regtech, a regulatory technology (Regtech) solutions company, presents a peak into the complexities that have plagued the hospitals in the country. The report noted that a typical single-entity 50-bed hospital with a diagnostic centre, radiology, pathology lab, and pharmacy with a corporate office in a single state needs to deal with 623 unique compliances.

Indian hospitals deal with over 950 compliances in a year: Report

Desh Sewak | Desh Sewak | Aug. 13, 2024

Indian hospitals deal with over 950 compliances in a year: Report

Ten News | Ten News | Aug. 13, 2024

Indian hospitals deal with over 950 compliances in a year: Report

M Sakshi post | Sakshi Post | Aug. 13, 2024

Hospitals face maze of compliances: Report

The Hindu Business | PT Jyothi Datta | Aug. 13, 2024

The study guides hospitals on ways to stay on the right side of law, says Rishi Agrawal, Chief Executive Officer and co-founder of Teamlease Regtech, the company behind the study, which also highlights the rising corporatisation of the healthcare segment.

Hospitals Face 950+ Compliance Challenges Annually, Report Reveals

BW Healthcare World | BW Online Bureau | Aug. 13, 2024

TeamLease Regtech, a provider of Regulatory Technology (Regtech) solutions, unveiled a comprehensive report titled ‘Simplifying Compliance Management for Hospitals.’ The company in a press statement on Tuesday informed that the report sheds light on the intricate compliance challenges faced by hospitals across India, analysing the current regulatory framework and offering actionable recommendations to address these issues.

Indian hospitals deal with over 950 compliances in a year: Report

Daiji World | Daiji World | Aug. 13, 2024

Indian hospitals deal with over 950 compliances in a year: Report

Pune News | Neel Shirodkar | Aug. 13, 2024

The report by TeamLease Regtech, a regulatory technology (Regtech) solutions company, presents a peak into the complexities that have plagued the hospitals in the country. The report noted that a typical single-entity 50-bed hospital with a diagnostic centre, radiology, pathology lab, and pharmacy with a corporate office ina single state needs to deal with 623 unique compliances.

Indian hospitals deal with over 950 compliances in a year: Report

Weekly Voice | Voice | Aug. 13, 2024

New Delhi, Aug 13 (VOICE) Hospitals in India face over 950 compliance issues in a year, according to a report on Tuesday.The report by TeamLease Regtech, a regulatory technology (Regtech) solutions company, presents a peak into the complexities that have plagued the hospitals in the country. The report noted that a typical single-entity 50-bed hospital with a diagnostic centre, radiology, pathology lab, and pharmacy with a corporate office in a single state needs to deal with 623 unique compliances.

As Indian healthcare sector hits $638B, hospitals face web of compliances

Medical Buyer | Medical Buyer | Aug. 13, 2024

Indian hospitals deal with over 950 compliances in a year: Report

Hiindia | Hiindia | Aug. 13, 2024

Hospitals in India face over 950 compliance issues in a year, according to a report on Tuesday.The report by TeamLease Regtech, a regulatory technology (Regtech) solutions company, presents a peak into the complexities that have plagued the hospitals in the country.The report noted that a typical single-entity 50-bed hospital with a diagnostic centre, radiology, pathology lab, and pharmacy with a corporate office in a single state needs to deal with 623 unique compliances.Of these, 421 (67.5 per cent) are at the union level, 192 (31 per cent) are at the state level, and 10 (1.5 per cent) are at the municipal level.These compliances include at least 53 different types of licences, permissions, and registrations, the report said.“The healthcare sector is a critical part of our daily lives with over a billion consultations performed every year across the country. The sector employs about 8 million people and the demand for healthcare professionals is expected to double by the end of the decade,” said Rishi Agrawal, CEO, TeamLease RegTech

E-surveillance market rises as banks boost security for branches, ATMs

Business Standard | Raghu Mohan | Aug. 11, 2024

Last month, an enterprising duo covered themselves in bedsheets, sprayed paint on the CCTV camera inside a kiosk and used a gas-cutter to hack into an ATM of Axis Bank in Bengaluru. Gas-cutters were also used to disgorge an ATM of State Bank of India in Roorkee in November 2023

Under the watchful eye: How India is transforming into a ‘CCTV nation’

Indian Express | Bijin Jose | Aug. 7, 2024

India has seen a remarkable rise in the use of CCTVs over the past decade. With millions of cameras now monitoring streets, homes, and public places, a question that is being asked is: do these surveillance measures provide the necessary security, or do they infringe on personal freedoms?

How technology is paving the way in ease of doing business

Time Ascent | Rishi Agrawal | Aug. 7, 2024

Both Central and State governments have worked to simplify regulations, foster a business-friendly environment, embrace technology, and promote economic growth. As we look to maximize our 'Amrit Kaal' potential, building on these foundations is crucial.

ITR filing: What happens if you don't file tax return today?

India today | Koustav Das | Aug. 1, 2024

ITR filing deadline ends today Missing deadline incurs penalties Timely filing avoids scrutiny, allows revisions As the July 31 deadline for filing income tax returns (ITR) ends today, many taxpayers find themselves scrambling to complete their submissions. Given that today is the last date to file ITR for AY2-24-25 and there has been no word from the Income Tax Department on the possibility of an extension, it is crucial to understand the repercussions of missing the deadline.

ITR filing: What happens if you don't file tax return today?

MSN | India Today Business Desk | Aug. 1, 2024

As the July 31 deadline for filing income tax returns (ITR) ends today, many taxpayers find themselves scrambling to complete their submissions. Given that today is the last date to file ITR for AY2-24-25 and there has been no word from the Income Tax Department on the possibility of an extension, it is crucial to understand the repercussions of missing the deadline.

Are AI-based Search Engines ready for Prime Time

Tech Circle | Shraddha Goled | Aug. 1, 2024

Sam Altman-led OpenAI became the latest entrant into the artificial intelligence (AI)-powered search engine market with the launch of SearchGPT. Still in the prototype stage, it combines AI models with web information to provide fast, timely answers with clear and relevant sources. The company wants to integrate its features into ChatGPT in the future.

Cyber security and Compliance: The Convergence of Regtech Solutions

PC Quest | PCQ Bureau | Aug. 1, 2024

Cyber security and compliance are essential in today's digital economy. As data and cyber threats grow, businesses must adopt robust cyber security frameworks and Regtech solutions to protect data and ensure a secure digital infrastructure.

Indian Fintech Revolution: Balancing Innovation With Governance In Changing Landscape

BW Security world | Prabhat Shukla | Aug. 1, 2024

Indian fintech companies have become frontrunners in transforming financial services. They’ve reimagined how financial transactions are conducted, investments managed, and products accessed. This shift is largely driven by advanced technologies such as artificial intelligence, blockchain, and data analytics. According to estimates, India’s fintech sector could be valued at $1 trillion, generating over $200 billion in revenue by 2030.

Startup ecosystem sweetened with abolition of angel tax

deccan herald | Anushree Pratap | July 25, 2024

Finance Minister Nirmala Sitharaman announced the complete abolition of the angel tax in her presentation of the Union Budget 2024. The move was met with a unanimous hurrah from investors and startups alike.

Who should file ITR-2? Step-by-step guide to file tax return online

Financial Express | Mithilesh Jha | July 25, 2024

ITR filing 2024 steps to file itr form 2 online: Income Tax Department notifies every year different ITR forms for income taxpayers based on income and other variables. ITR 1 and ITR 2 are among the very common forms used by most individuals taxpayers.

India Inc welcomes ‘all-round’ Budget 2024: ‘Growth, stability, tax reforms, jobs’

Live Mint | Alka Jain | July 23, 2024

India Inc welcomed the Union Budget 2024-25 presented by Finance Minister Nirmala Sitharaman in parliament on Tuesday. This is the first Budget of the BJP-led NDA government since its re-election in June and Sitharaman's seventh consecutive Budget for the fiscal year 2024-25.

Budget 2024: FM Nirmala Sitharaman abolishes ‘Angel Tax’ to support Indian startups

MSN | Live mint | July 23, 2024

Union Finance Minister Nirmala Sitharaman, while presenting her seventh consecutive Budget in Parliament on Tuesday, proposed to abolish the Angel Tax. She said the Indian startup ecosystem is buzzing with innovation and ambition, but Angel Tax often sparks debate.

India Inc welcomes ‘all-round’ Budget 2024: ‘Growth, stability, tax reforms, jobs’

MSN | Live mint | July 23, 2024

Budget 2024: Here's how experts view Union Budget

Zee Biz | Zee Business | July 23, 2024

Indian Finance Minister Nirmala Sitharaman presented the seventh union budget in a row. From infrastructure to education, the budget focused on four major categories: farmers, poor, women, and youth. The FM also announced reforms in the new tax regime and made many changes in long-term capital tax and short-term capital tax rules.

Budget 2024 Highlights: FM disappoints investors, rewards (some) taxpayers

hindusthan times | Mallika Soni , Abhyjith K. Ashokan | July 23, 2024

Finance Minister Nirmala Sitharaman, in her seventh consecutive Union Budget for 2024-25, highlighted key priorities of the government. She listed nine priority areas for the government which are: productivity and resilience in agriculture, employment and skilling, inclusive human resource development and social justice, manufacturing and services, urban development, energy security, infrastructure, innovation, research and development and next-generation reforms.

Budget 2024 Reactions Highlights: Nothing in Budget speech gives us confidence that govt will seriously tackle issue of inflation, says Chidambaram

Indian Express | Express Web Desk | July 23, 2024

Senior Congress leader and former finance minister P. Chidambaram on Tuesday said the Budget speech had not given the assurance that the government would seriously tackle the issue of inflation. He further said that unemployment was the biggest challenge, adding that the Centre’s response to it was “too little”. Chidambaram had earlier taken a dig at the NDA government over the Union Budget, suggesting Finance Minister Nirmala Sitharaman might have borrowed ideas from the Congress’s 2024 manifesto after the Lok Sabha elections.

Budget 2024: FM Nirmala Sitharaman abolishes ‘Angel Tax’ to support Indian startups

Live Mint | Alka Jain | July 23, 2024

Income Tax Slabs Rate 2024-25 Highlights: New Tax Regime made more attractive for small taxpayers with revised tax slabs, higher Standard Deduction | No changes in Old Tax Regime

Financial Express | Mithilesh Jha | July 23, 2024

Income Tax Slab Rate for FY 2024-25 for Salaried Person, Senior Citizens Live, New Tax Regime Slabs Live Updates: Finance Minister Nirmala Sitharaman presented her 7th straight budget in Parliament. Against expectations, the government has not made any big changes to tax slabs or structure in this budget.

Share Market Highlights 23 July 2024: Sensex, Nifty settle marginally down in volatile trade on eventful Budget day

business line | TEAM BL | July 23, 2024

Sensex, Nifty updates on 23 July 2024: Benchmark Sensex and Nifty settled marginally lower in volatile trade on Tuesday as the government proposed to hike securities transaction tax on futures & options in the budget for 2024-25. Recovering most of its intra-day losses of over 1,200 points, the 30-share BSE Sensex settled lower by 73.04 points or 0.09 per cent 80,429.04. The index gyrated between highs and lows during the day as Finance Minister Nirmala Sitharaman announced budget proposals for 2024-25. The barometer tanked 1,277.76 points or 1.58 per cent to hit a low of 79,224.32 as the minister announced a hike in STT on F&O trade and an increase in long-term capital gains tax on equities. However, tax exemptions and customs duty cuts helped boost consumer durables and FMCG shares, aiding stocks to recover from the day’s lows. Despite these changes, the budget introduced personal income tax relief for four crore salaried and pensioners, raising the standard deduction and revising the tax rate structure, aiming to benefit various sections of the population.

Economic Survey 2024 Highlights: Survey shows prevailing strengths of our economy, says PM Modi

Money Control | Money Control | July 22, 2024

Economic Survey 2024 Highlights: Finance Minister Nirmala Sitharaman tabled the Economic Survey 2024 in Parliament today. The survey projects the FY25 real GDP growth at 6.5-7%, with risks evenly balanced. It notes that market expectations are high and emphasises the potential impact of rising geopolitical uncertainties on capital flows.

Union Budget 2024, Live Updates: Govt's Focus On Job Creations To Boost Affordable Housing

Good returns | Shravani Shinha | July 22, 2024

Finance Minister Nirmala Sitharaman is presenting her seventh Union Budget for | FY25. In her speech on July 23, she said, the people of India have reposed their | faith in the govt led by PM Modi and re-elected it for the historic third term. |

Income Tax Budget 2024: Relief For Salaried Class As FM Revises Tax Slabs, Should Taxpayers Shift To New Tax Regime?

News18 | Namit Singh Sengar | July 22, 2024

Finance Minister Nirmala Sitharaman hiked the standard deduction by 50 per cent to Rs 75,000 and tweaked tax slabs under the new income tax regime to provide more money in the hands of salaried class to boost consumption. She said salaried employees in the new tax regime could save up to Rs 17,500 in income tax annually following the changes announced in the Budget.

Budget 2024, Economic Survey Highlights: Finance Minister Nirmala Sitharaman to present her 7th straight Budget tomorrow; Key numbers to be watched

Economic times India Times | Economic times | July 22, 2024

Union Budget 2024 Highlights: Finance Minister Nirmala Sitharaman will on Tuesday present her 7th straight Budget that would lay a roadmap for Viksit Bharat (developed India) by 2047, while giving a glimpse of 10 years' performance.

Increased enforcement and government support can boost India’s organic food industry

Ginzadolo | Maisie | July 22, 2024

Organic is the new buzzword in the food industry as awareness about the dangers of pesticides and fertilizers is increasing. Due to conscious consumer behavior, the demand for organic food is steadily increasing. From standalone brands to quick commerce apps offering organic options, companies are trying to capitalize on the booming sector.

India Govt Budget 2024 LIVE: New Tax Regime Slabs Revised, Angel Tax Abolished, Allies In Bihar, AP Rewarded

One India | One India | July 22, 2024

As per the scheduled plan, the Finance Minister will first meet the President of India, then head to parliament by 10 am, where she will meet and brief Prime Minister Narendra Modi ahead of the session, and at around 11 am, she will table the Union Budget 2024.

State Govts, MSMEs Must Collaborate For Sustained Growth: Experts On Economic Survey

business world | Abhishek Sharma | July 22, 2024

State governments across the nation and micro, small and medium enterprises (MSMEs) must work together for sustained growth, said MSME stakeholders after the central government tabled the much-awaited economic survey in Parliament on 22 July 2024. The sector which contributes 45 per cent to manufacturing, 30 per cent to gross domestic product (GDP) and provides 11 crore jobs, faces extensive regulation and compliance requirements. The survey calls for simplification of licensing, inspection and compliance for the industry at the state level to help the sector grow and create more jobs.

Enhanced enforcement, govt help can help propel Indian organic food industry

deccan herald | Sonal Choudhary | July 22, 2024

Organic is the new buzzword in the food industry with rising awareness about the hazards of pesticides and fertilisers. Driven by conscious consumerism, demand for organic food produce is only increasing. From stand-alone brands to quick commerce app...

Budget 2024 Expectations Live: What do the middle class and corporates expect? We take a look

Livemint | Livemint, Anubhav Mukherjee, Jocelyn Fernandes | July 21, 2024

Budget 2024 Expectations Live: With the new government's full Union Budget 2024 set to be announced on July 23, expectation are soaring. The focus remains on potential tax reforms that could impact individuals and businesses. Key anticipated changes include an increase in the basic exemption limit. There is also speculation about raising the standard deduction limit. We take a look at what India's middle class and corporate class expect from Finance Minister Nirmala Sitharaman.

Who should file ITR-1 Sahaj? Steps to file tax return online

Financial Express | Mithilesh Jha | July 21, 2024

Taxpayers are required to file income tax returns (ITRs) to meet their financial responsibility and legal obligation both. There are various tax return forms, ITR-1 to ITR-7, need to be filed by taxpayers based on their source of income, amount of income and the category of taxpayer like individuals, Hindu Undivided Family (HUF) and company. In this article, we will discuss ITR 1 and steps to file this form.

Budget 2024: Will FM Nirmala Sitharaman fulfill your income tax wishes?

MSN | India Today Business Desk | July 20, 2024

Experts predict that the Union Budget 2024 will emphasise capital expenditure, especially on infrastructure, to drive GDP growth. Despite positive expectations for the budget, significant tax relief for the middle class may not materialise.

Budget 2024 Highlights: Digital learning and improved infrastructure for Tier-2,3 cities

India today | India Today Business Desk | July 20, 2024

Finance Minister Nirmala Sitharaman is set to present the full budget for the current financial year on July 23. Expectations are running high as experts predict that Budget 2024 will aim to strike a balance by offering benefits to salaried employees, farmers, women, and the youth. The primary focus is likely to be on job creation and enhancing the rural economy. Additionally, significant announcements regarding infrastructure development, crucial for economic growth, are anticipated

ITR filing: Will July 31 deadline get an extension as taxpayers face glitches?

India today | Koustav Das | July 20, 2024

The Institute of Chartered Accountants of India (ICAI) recently urged the Income Tax Department to extend the deadline due to technical issues on the e-filing portal. Many taxpayers have also taken to social media to express their frustrations with the system's performance.

Budget 2024: Will FM Nirmala Sitharaman fulfill your income tax wishes?

India today | India Today Business Desk | July 20, 2024

Budget 2024 expectations: With various sectors anticipating significant announcements, salaried taxpayers are particularly hopeful for major income tax relief, including changes in the new income tax regime and standard deductions.

TeamLease subsidiary develops SAAS platform for compliance of laws by food, agri firms

Daily Hunt | The Hindu Businessline | July 19, 2024

TeamLease RegTech, a subsidiary of TeamLease services, has developed a software as a service (SAAS) platform which helps food and agriculture firms to take care of compliance of various laws of the land. For example, a food company has to comply with Food Safety and Standards Authority of India (FSSAI) laws. It has tons of other compliance from a group perspective either industry or labour specific. It must also comply with environmental, health and safety laws besides commercial legislation.

ITR filing: Will July 31 deadline get an extension as taxpayers face glitches?

MSN | India Today Business Desk | July 19, 2024

As the July 31 deadline for filing income tax returns (ITR) for the assessment year 2024-25 approaches, taxpayers and tax professionals are calling for an extension. The Institute of Chartered Accountants of India (ICAI) recently urged the Income Tax Department to extend the deadline due to technical issues on the e-filing portal.

Budget 2024 Highlights: Will FM Sitharaman Increase Healthcare Spend?

News18 | Aparna Deb | July 18, 2024

Union Budget 2024 Expectations Highlights: Finance Minister Nirmala Sitharaman is all set to table the Union Budget in just a week. Industry stakeholders are awaiting the presentation of the Budget with hopes of policy continuity, better allocations, and reforms. India is also hoping for tax relief measures from the Union Budget and is urging the government to raise the exemption limit from Rs 3 lakh to Rs 5 lakh.

Budget 2024 Expectations Live Updates: Nirmala Sitharaman may bring key tax changes on July 23

hindusthan times | hindusthan times | July 18, 2024

Budget 2024 Expectations Live Updates: Finance Minister Nirmala Sitharaman will present the Union Budget on July 23 which is expected to be full of major announcements for various sectors. Salaried taxpayers are anticipating some much-needed tax relief especially those earning less than ₹10 lakh per year, as per experts.

Budget 2024 Expectations Highlights: Startups eye angel tax relief and health tech boost in Budget

Economic times India Times | Economic times | July 17, 2024

Union Budget 2024 Highlights: Indian startups are eagerly anticipating this year's Union Budget. Startups are particularly hopeful for the elimination of angel taxes, while those in the health tech sector are looking forward to increased funding. Startups play a vital role in driving economic growth by creating new jobs, generating innovative ideas, and developing new products and services.

TeamLease subsidiary develops SAAS platform for compliance of laws by food, agri firms

business line | SUBRAMANI RA MANCOMBU | July 17, 2024

RBI mandates lenders to listen to loan defaulters before declaring accounts as fraud; here's what experts said

MSN | Business Today Desk | July 17, 2024

The Reserve Bank of India has recently said that lenders should give defaulting borrowers enough time to respond before they are classified as "fraud accounts". The necessary action has been taken to ensure adherence to the principles of natural justice, a fundamental aspect of which is affording both parties involved in a dispute the opportunity to be heard. This decision was made in response to the ruling by the Supreme Court on March 27, 2023, which mandates that borrowers are entitled to a fair hearing before their accounts can be labeled as fraudulent.

Role of Self-Regulatory Organisations in India’s Fintech and Digital Lending Sectors: Rishi Agrawal, Teamlease Regtech

tech achieve media | Supriya Rai | July 17, 2024

The Association of Mutual Funds in India (AMFI), in collaboration with the Securities and Exchange Board of India (SEBI), has significantly enhanced mutual fund penetration. Similarly, the Reserve Bank of India (RBI) is establishing Self-Regulatory Organisations (SROs) for fintech and digital lending to promote industry maturity. These SROs will work with the RBI on policy reform, enforcement, compliance, and disciplinary actions, ensuring that fintech companies adhere to regulations and best practices. Rishi Agrawal, CEO and Cofounder of Teamlease Regtech, sheds more light on how SROs can contribute to making the fintech and digital lending sectors, stable, secure and innovative.

Explained | RBI's New Fraud Risk Management Norms: Key Changes That Borrowers Need to Know

News18 | Mohammed Haris | July 17, 2024

The Reserve Bank of India (RBI) has revised its master directions on fraud risk management following Supreme Court recommendations. The apex court asked banks to hear a borrower before an account is classified as fraud.

Income Tax return filing: Is dividend from shares or mutual fund taxed?

business standard | Ayush Mishra | July 17, 2024

As the last date to file Income Tax returns nears, the topic of taxes on dividends received from investments in company shares or mutual funds could be confusing. A common question is whether a recipient has to pay taxes on dividends received from a listed company.

RBI mandates lenders to listen to loan defaulters before declaring accounts as fraud; here's what experts said

business today | Business Today Desk | July 17, 2024

Union Budget 2024: Middle class might not get expected tax relief

MSN | Sonu Vivek | July 17, 2024

The government led by Prime Minister Narendra Modi is expected to tilt towards populism given the weaker mandate and the huge dividend of Rs 2.1 trillion for FY24 given by the Reserve Bank of India (RBI). As the government prepares to present the budget for the financial year 2024-25 on July 23, the middle class may not see the anticipated tax relief measures.

Budget 2024 Expectations Highlights: Tax relief, GST exemptions and sizeable cut in personal income tax top the Budget wishlist? All eyes on Finance Minister Nirmala Sitharaman

Financial Express | FE Business | July 17, 2024

Budget 2024 Expectations: Pre-budget expectations are pouring in from various sectors, outlining their demands for this highly anticipated Budget, which President Murmu has described as "historic." For live coverage and updates on all Budget-related news, follow Financial Express Online.

ITR Due Date Extension AY 2024-25: Will income tax return filing deadline be extended beyond July 31?

Financial Express | Mithilesh jha | July 17, 2024

ITR Due Date Extension AY 2024-25: With ITR filing deadline approaching fast, taxpayers have started urging the government to extend the tax filing due date as they are facing technical glitches on the e-filing portal.

Budget 2024 Expectations: Will Nirmala Sitharaman provide income tax relief

hindusthan times | hindusthan times | July 16, 2024

Budget 2024 Expectations Live Updates: Finance minister Nirmala Sitharaman is set to present the first full Union Budget of the Narendra Modi 3.0 government on July 23. The Budget may provide relief on the income tax front and experts believe that the Modi government is expected to continue its focus on capital expenditure through infrastructure development to drive GDP growth.

Union Budget 2024: Middle class might not get expected tax relief

India today | sonu vivek | July 16, 2024

Budget 2024 Expectations Highlights: Low interest rates and liquidity support on MSMEs' wish list for Sitharaman

Economic times India Times | Economic times | July 15, 2024

Union Budget 2024 Highlights Updates: As Finance Minister Nirmala Sitharaman prepares for the upcoming Union Budget, the micro, small, and medium enterprises (MSMEs) are hopeful that the government will prioritise and promote their sector. The Finance Minister will present the Union Budget for 2024-25 on July 23, in her third straight term this year.

Govt May Boost Employment In Labour-intensive MSMEs In Budget: Sandeep Agrawal, TeamLease RegTech

https://businessworld.in/article/govt-may-boost-employment-in-labour-intensive-msmes-in-budget-sandeep-agrawal-teamlease-regtech-525945 | Business World | July 15, 2024

With an 8.2 per cent gross domestic product (GDP) growth during the financial year (FY) 2023-24, India maintained its position as one of the fastest-growing major economies in the world. Notably, Indian micro, small and medium enterprises (MSMEs) and startup sectors have further boosted this growth. Concurrently, India has over 70 million MSMEs, creates over 111 million jobs and contributes nearly 30 per cent to the nation’s gross domestic product (GDP) and the 40 million MSMEs registered through the Udyam certification have reported nearly 190 million jobs, an increase from 90 million in 2022.

Budget 2024 Expectation Highlights: What to expect from Budget deliberations

Economic times India Times | Economic times | July 14, 2024

Union Budget 2024 Highlights: India's upcoming budget under NDA 3.0 sets the stage for economic priorities. Emphasizing infrastructure growth and job creation, the government plans to boost manufacturing through public-private partnerships. Clean energy incentives and potential GST reforms are anticipated, aiming to align with global sustainability goals.

Budget 2024 Highlights: What can salaried taxpayers expect from upcoming Union Budget?

Financial Express | FE Business | July 14, 2024

In just 10 days, the Union government will present the Budget 2023-24 in the Parliament. BJP leader Nirmala Sitharaman, who holds the finance portfolio, will present the Lok Sabha on July 23. She had held extensive consultations with various stakeholders and industry experts ahead of the upcoming Budget. Prime Minister Narendra Modi on Thursday also held a high-level meeting with economists on Thursday to gather suggestions. The Budget for 2024-25 marks a pivotal economic document for the Modi 3.0 government, set to outline a roadmap towards India’s development as a developed nation by 2047. Meanwhile, the Opposition is all set to hold the government accountable over several issues in the nation. The Congress had posed several questions to the finance minister and asked her to address them during the Budget Session.

Jail term for delay in giving out ID cards: How compliance overkill mars chemical industry

Economic times India Times | ET Prime | July 5, 2024

t is time to do away with the complex and wide-ranging regulatory provisions in the chemical industry if the promising segment, which has a considerable number of MSME players, is to achieve its potential.

Budget 2024: Will the indexation benefit on debt mutual fund be back?

Economic times India Times | Neelanjit Das | July 4, 2024

Sandeep Agrawal, director and co-founder, Teamlease Regtech opines that as the returns on debt mutual funds are almost similar to fixed deposits, an individual will always prefer FDs over debt mutual funds as FDs are considered safer and more liquid.

Most NRIs Looking To File ITR by July 31: What Are The Challenges They Face?

Business outlookindia | Anuradha Mishra | July 3, 2024

As the ITR filing deadline for the financial year 2023-24 approaches (July 31), the Non-Resident Indians (NRIs) across the globe are showing a strong commitment to tax compliance. Over 73 per cent of NRIs are proactively looking to file ITR by July wherein 19 per cent have already filed and 8 per cent are not intending to file, according to recent data by SBNRI, an NRI-focused fintech platform.

Technology has the answers to compliance conundrums faced by MSMEs

Passionate in Marketing | Passionate in Marketing | July 3, 2024

MSMEs are called the engine of economic growth, and rightly so. The 63+ million MSMEs employ nearly 113 million people, pushing the Indian economy towards the $10 trillion GDP goal. As the world celebrates MSME Day, we must affirm their immense potential and recognise the unique challenges faced by these enterprises. Contrary to large corporations, these entrepreneurs are often the sole drivers of their business growth and manage operations, technology, and compliance single-handedly. These businesses need streamlined compliance processes to ensure their entrepreneurs can spend more time on business activities without being bogged down by compliance functions.

walking a tightrope

Outlook Business | Devanshu Singla | July 1, 2024

Sandeep Agarwal, co-founder of Teamlease Regtech, a compliance management software company. says the pace of developments in the securities market makes it difficult to isolate fraudulent practices and mitigate the damage quickly

Laws that are bad for business must be reformed, not ignored

Press Reader | Mint kolkata | June 28, 2024

Bad laws are bad for business: They must be reformed, not ignored

livemint | Ankur Kothari & Yuvraj Khetan | June 28, 2024

How many hours do you end up spending on regulatory matters” we asked Agarwalji, a garment exporter. “Around 15-20%" he said, “approvals and inspections, labour audit, water, building certificate, new site formalities and so on. Every day, | spend a couple of hours going through some of these." Since this involved government officials, he couldn't delegate it; officers would insist that the owner be their single point of contact. This is not an exception, but a sad reality facing many manufacturers, specially MSMEs.

Streamlining MSME Compliance with Technology

SME Street | SMEStreet Edit Desk | June 28, 2024

MSME Day 2024: Participation of women in MSMEs increases but challenges remain

economictimes | Ashish Pandey | June 27, 2024

India’s estimated 64 million MSMEs employ nearly 23% of India’s workforce. The 40 million or so MSMEs registered with the MSME Ministry through the Udyam certification have reported nearly 190 million jobs – doubling from 90 million as of the end of 2022. Read more at: https://economictimes.indiatimes.com/small-biz/sme-sector/msme-day-2024-participation-of-women-in-msmes-increases-but-challenges-remain/articleshow/111304307.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

'Don't Cripple Our Partners': MSMEs Call For Revisions As DCB Threatens Key Alliances

Business World | Abhishek sharma | June 27, 2024

While evaluating the potential ramifications of the draft Digital Competition Bill (DCB), industry experts at a recent event delved into the complex dynamics between small and large enterprises in the digital age, underscoring their crucial role in fostering mutual growth and innovation. Emphasising how the rapid evolution of technology and digital platforms has significantly transformed the business landscape, experts at the Digital India Foundation’s event agreed that small enterprises collaborating with large established players create a more integrated and dynamic market ecosystem.

Digital Competition Bill: Redefining MSME and Digital Platform Dynamics

Tech Achieve media | Supriya Rai | June 25, 2024

The Digital Competition Bill (DCB) is set to have a signifiant impact on the relationship between MSMEs and large digital platforms. By targeting the anti-competitive practices of Systemically Significant Digital Enterprises (SSDEs), the DCB aims to dismantle barriers that have historically favored large platforms, allowing them to control market dynamics through exclusive tie-ups and preferential treatment

Banks and NBFCs must implement unified compliance monitoring dashboard by June 30

CNBC TV18 | Anshul | June 25, 2024

As the deadline set by the Reserve Bank of India (RBI) approaches, regulated entities (REs) such as banks and NBFCs must comply with the directive to implement a unified compliance monitoring dashboard by June 30, 2024.

$220 Billion Chemical Industry Struggling with Compliance Challenges

Chemindigest | Chemical Industry Digest | June 17, 2024

India’s chemical industry, valued at $220 billion, is a significant source of employment and export revenue. However, it is currently hampered by a heavy regulatory compliance burden, particularly affecting micro, small, and medium enterprises (MSMEs).

Fintech to switch on reset button as self-regulatory mechanism comes in

Beam start | Beamstart | June 17, 2024

A fortnight after the Reserve Bank of India (RBI) made public its ‘Framework for self-regulatory organisation(s) for fintechs (SRO-FTs)’, the first signs of change in the way the sector looks at itself are upon us. The Fintech Association for Consumer Empowerment (FACE) – an SRO-FT aspirant – “is considering its mandate to expand its membership to fintech beyond the credit ecosystem… so that fintechs, regardless of their business and scale, will have parity to contribute to the industry’s objectives and receive distinct value for their unique needs,” says Sugandh Saxena, its chief executive officer (CEO). This is in keeping with

Fintech to switch on reset button as selfregulatory mechanism comes in | Personal Finance

Market Reporter | MTR | June 17, 2024

The Fintech Association for Consumer Empowerment (FACE) – an SRO-FT aspirant – “is considering its mandate to expand its membership to fintech beyond the credit ecosystem… so that fintechs, regardless of their business and scale, will have parity to contribute to the industry’s objectives and receive distinct value for their unique needs,” says Sugandh Saxena, its chief executive officer (CEO). This is in keeping with what has been spelt out in the framework: To make SRO-FT(s) truly representative and “ensure refined decision-making and prevent the organisation from being swayed by the interests of a dominant few”, or lobby groups acting as Trojans in SROs.

Fintech to switch on reset button as self-regulatory mechanism comes in

Business Standard | Raghu Mohan | June 17, 2024

Compliance Burden Hampers MSME Chemical Units

SME digital | SME Digital world | June 15, 2024

Rishi Agrawal, co-founder and CEO of TeamLease RegTech, noted, “Understanding the compliance needs is difficult for most MSMEs. The lack of training and skilled manpower further complicates compliance efforts.” Frequent changes in regulatory and compliance norms exacerbate the issue. “For example, in the last week alone, there were 200 compliance changes, 700 in the past month, and approximately 1,963 in the current quarter,” Agrawal said. While large companies have in-house teams to manage these requirements, MSMEs face considerable difficulty.

Lawyers and AI are ideal fit

Times of India | Akhil George | June 14, 2024

Gen AI tools are getting incessantly better at dealing with complex language, the kind that legal contracts are notorious for. “Managing contractual obligations demands deep expertise in legal language, understanding nuances like ₹may’ vs ₹might’ and ₹shall’ vs ₹should’. Skilled resources to manage such contracts are expensive, making contract management unaffordable for many companies,” says Rishi Agrawal, co-founder & CEO of Teamlease Regtech.

Compliance Challenges Crippling India’s Chemical Industry

SME Venture | SME Desk | June 14, 2024

India’s $220 billion chemical industry is struggling under an immense compliance burden. With over 635 compliance requirements each month, growth is severely hampered, especially for MSMEs. Industry sources and analysts express concern over these challenges.

Revolutionizing the Field of Law: How AI Simplifies Contract Management

EL Blog | ROMAN REMBER | June 14, 2024

The sophistication of Gen AI addresses the intricacies of legal language, often marked by the nuances in terms like “may” vs. “might” and “shall” vs. “should”, as noted by Rishi Agrawal, CEO of Teamlease Regtech. The technology can dissect contracts, ensuring thorough drafting, reviewing, and compliance. With the correct input, Gen AI produces customized contracts from established templates and reviews to highlight significant terms and obligations.

Lawyers and AI are ideal fit

MSN | Akhil George | June 14, 2024

In the real world, Shashank notes, legal costs are high. It’s something that gets paid by the hour. So how do you do it at scale to reduce costs? How do you do it exactly the way an organisation wants it to get done, according to their rules?”

Lawyers & AI are an Ideal Fit

Times Ascent | Akhil George | June 14, 2024

Compliance burden stifles MSME chemical units

Financial express | Abhinay Kumar | June 13, 2024

Assorted regulations and the lack of any let-up in compliance burden are crippling the growth of India’s $220 billion chemical industry. Each unit in the employment-intensive sector requires to meet as many as 635 compliance requirements every month, and this is particularly stifling for the MSMEs, industry sources and analysts feel.

India's $220 Billion Chemical Industry Hamstrung by Compliance Burden

KNN India | KNN Bureau | June 13, 2024

India's USD 220 billion chemical industry, a major employment generator and export earner, is being severely hindered by an excessive regulatory compliance burden, particularly for micro, small and medium enterprises (MSMEs), according to industry experts. Each unit in the sector is required to meet an estimated 635 compliance requirements per month spanning areas like factories, health, explosives, hazardous materials and food safety regulations.

Business Update

Financial express | Business Update | June 13, 2024

The stock of Nestle India rose 3% to an intraday high of Rs 2,614.45 after the company continued to pay a general licence fee, or royalty, to its parent company, Societe des Produits Nestle S.A. The current royalty rate is at 4.5% of the net sales. Shares of Nestle India have given a return of more than 3% in the last five days. The scrip has risen over 2% in the past six months. It raised investors’ wealth by 14% in the last years and 123% in the past five years. To compare, the benchmark index, Nifty 50, has risen 2% in the past five days. The index has given a return of 12% in the past six months.

Assorted regulations and the lack of any let-up in compliance burden are crippling the growth of India’s $220 billion chemical industry.

Indian Express | The Expresso Business Update | June 13, 2024

Each unit in the employment-intensive sector requires to meet as many as 635 compliance requirements every month, and this is particularly stifling for the MSMEs, industry sources and analysts feel. Rishi Agrawal, co-founder and CEO, TeamLease RegTech said, “Even understanding the compliance needs is difficult for most MSMEs. Lack of training and skilled manpower makes it more challenging for the units to comply.” Rishi Agrawal, co-founder and CEO, TeamLease RegTech said, “Even understanding the compliance needs is difficult for most MSMEs. Lack of training and skilled manpower makes it more challenging for the units to comply.

Compliance burden stifles MSME chemical units

MSN | Abhinay Kumar | June 13, 2024

India's $220 Billion Chemical Industry Hamstrung By Compliance Burden

MENAFN | MENAFN- KNN India | June 13, 2024

Podcast - Compliance burden stifles MSME chemical units

Indian Express | The Expresso Business Update | June 13, 2024

Moving on, Fuelled by economic diversification, rising consumer demand, and reverse migration patterns accelerated by the pandemic, the real estate markets of Tier-2 cities are witnessing remarkable growth trends, and these once overlooked urban centres are rapidly closing the gap with their Tier-1 counterparts, according to Housing.com’s ‘The Bharat in India’ report. This surge can be attributed to the burgeoning economic potential of these cities attracting a growing influx of residents. Notably, this trend has gained momentum in the wake of the pandemic and fuelled by the phenomenon of reverse migration. The economic dynamism has had a multiplier effect on the real estate market in Tier-2 cities especially in retail, warehousing and residential segments.

It is time now for ‘design in India’ products

Dq India | DQINDIA Online | June 12, 2024

The first 100 days undoubtedly need to focus on setting the tone for continued momentum on enabling ease of compliance. Labour reform is long overdue. It is a key hurdle in the country’s march towards Viksit Bharat. I expect the government to move aggressively with implementing labour codes. This move will reduce the duplication, overlap, and redundancy in India’s labour compliance obligations by 70% to 80%.

Modi 3.0: Startups expect policy directions, financial market stability from NDA’s 100-day agenda

livemint | Alka Jain | June 11, 2024

Startups in India are eagerly awaiting the new government's policies to address their unique requirements, such as strengthening the policy directions, better technology, research & development, and financial market stability. With targeted policies and essential resources, the government can foster an environment conducive to the growth and success of startups nationwide.

How much do Indian FinTechs spend on compliance?

ET BFSI | Anushka Sengupta | June 10, 2024

Based on data provided by Rishi Agrawal, Co-founder and CEO, | TeamLease Regtech, small scale or new Indian fintechs on an average spend Rs 0.9-1.17 crores per annum including people costs in legal and | compliance while large scale fintechs spend double that amount, | approximately Rs 2.5-3.2 crores per annum. |

Beneficial ownership norms in focus as MNCs face greater scrutiny

Business Standard | Ruchika Chitravanshi | June 4, 2024

The latest ruling by the Registrar of Companies (RoC) in the LinkedIn Technology Information case for violating significant beneficial ownership (SBO) norms has brought the amended rules into the spotlight. Experts suggest that more entities, particularly multinational companies (MNCs), are expected to face greater scrutiny.

COMPLIANCE CHALLENGES: PROBABLE SOLUTIONS FOR MSMES

Industrial product finder | Rishi Agrawal | May 27, 2024

It is reasonable to predict that the Indian economy will soon surpass Germany and Japan to become the third largest within the decade. However, GDP of the $10 trillion mark within this time frame needs reimagining the country’s manufacturing capabilities, particularly in the MSME segment. There is a broad consensus that MSMEs are an engine of economic growth. They account for approximately 30% of the GDP, 36% of the manufacturing output and over 40% of the country’s exports. There are over 63 million MSMEs in India, employing more than 190 million people. However, a staggering 98% of these are micro-businesses. A deeper dive into the data reveals that MSMEs bear a disproportionately high regulatory burden stunting their growth and forcing them to stay small and informal.

In a pickle: Why it’s time for Fssai to ake up and crack the whip

https://www.livemint.com | Suneera tandon | May 19, 2024

A Swiss watchdog recently reported that Nestle adds excess sugar in infant products. Spice mixes sold by MDH and Everest were red flagged by regulators abroad. The companies denied any wrongdoing but the reports do raise questions on the role Fssai, India's food regulator; plays.

Chemical Companies Must Obtain Around 72 Licences & Approvals Under 52 Acts: Report

businessworld.in | BW Online Bureau | May 19, 2024

A single entity, chemical manufacturing enterprise with a single manufacturing unit operating in Maharashtra faces 635 unique obligations, of which 299 (47.1 per cent) are at the union level, 332 (52.3 per cent) are at the state level, and 4 (0.6 per cent) are at the municipal level, highlights a report by TeamLease Regtech, a regulatory technology company.

Chemical manufacturers manage 1,500+ compliances for single unit

www.deccanchronicle.com | DC Correspondent | May 17, 2024

TeamLease Regtech, India’s leading Regulatory Technology (Regtech) solutions company, has released its report titled ‘Simplifying Compliance Management for the Chemical Industry.’ The report provides an overview of the complexity of compliance and the challenges entrepreneurs and employers face in the Chemical Industry. It also delves deep into the present regulatory framework and suggests actionable recommendations for enterprises and policymakers.

Why contaminated foods can easily enter your kitchen

https://economictimes.indiatimes.com/ | Ashish Pandey | May 10, 2024

India’s regulatory framework for food testing undeniably needs capacity-building to ensure compliance with domestic and international standards. There is also a need for strong punitive measures and penalties for non-compliance and to make test results public, say experts.

Digital fraud-hit banks turn to startups to cope with risks

https://economictimes.indiatimes.com | Ajay Rag | May 6, 2024

Legacy financial institutions turn to startups like Data Sutram for tech support in customer verification. Data Sutram's 'DS Authenticator Trust Score' aids in assessing customer trust levels during account opening. Bureau Inc's 'Money Mule Score' enhances fraud detection.

The need for labour reforms in India | Political Economy

https://www.moneycontrol.com/ | Shweta punj | May 6, 2024

Indian businesses continue to be mired in the bureaucracy of red tape. According to TeamLease RegTech, there are 6618 annual filings for companies and 62.233 compliances. In this episode of Political Economy, Rishi Agarwal of TeamLease RegTech shares that labour compliances make upto 40 percent of total compliances. Labour remains a politically contentious issue. Can the new government bite the bait on labour reforms that have been in a flux? Why labour reforms will be crucial to drive growth for India.

TeamLease RegTech Releases Whitepaper on India’s Labor Law Compliance Challenges and the Need for Reforms

https://cxotoday.com/ | CXOtoday News Desk | May 6, 2024

TeamLease RegTech, India’s leading Regulatory Technology (RegTech) solutions company, has released a whitepaper on the occasion of International Labour Day. The whitepaper dives into the past, present and future of labour law compliances in India. It traces the journey of the present-day regulatory framework and discusses the challenges faced by workers and employers alike.

Political funding: The way forward

https://www.financialexpress.com | Rewati Karan | May 5, 2024

Electoral bonds may have been struck down as unconstitutional by the SC, but can such funding schemes take newer forms to keep corporate donations flowing unhindered into parties’ coffers? We find out.

How Inventiva Encouraged Indian Regulators Like FSSAI To Be More Vigilant About The Practices And Policies Going On In The Indian Market?

https://www.inventiva.co.in/ | Chakraborty | May 5, 2024

Following a few nations’ decisions to restrict imports of specific Indian spice brands, the FSSAI said that it would conduct random testing of spices and culinary herbs this year, as well as four other categories of food goods. While it may sound good at first that the regulator has fastened the belts and that we will be spared of unhealthy and contaminated food, this attempt is quite in vain. This is because FSSAI had earlier made many attempts to show that they are vigilant about food products revolving in the market. However, there lies a hidden story of failure and negligence on the part of the regulator.

States need to focus on reducing compliance burden

https://www.bizzbuzz.news/ | Bizz buzz | May 4, 2024

Management company Teamlese Regtech’s white paper on compliances has demonstrated that procedural rigours continue to burden businesses. With 69,233 compliances, including 32,542 related to labor laws, it is indeed a miracle that lakhs, if not millions, of enterprises still operate in the country. The paper points out that state-level compliances to laws, 97 per cent or 31,605, make up the bulk of the total labor-related obligations. Worse, more than half of these—17,819 to be precise—can land an entrepreneur in jail for non-compliance. Unsurprisingly, the Observer Research Foundation (ORF) published a study by a self-explanatory title ‘Jailed for Doing Business: The 26,134 Imprisonment Clauses in India’s Business Laws’ in 2022. The Teamlese paper says, “The factory owners are required to obtain a factory licence and a certificate of stability under the Factories Act, 1948. Most of the requirements pertaining to certification and licencing are contained in the state and municipal laws.” The compliances stipulate that the entrepreneurs display an abstract of maternity, minimum wages, and employee compensation regulations. They also need to maintain registers and records in accordance with myriad laws.

Experts, industry insiders welcome Spices Board, FSSAI’s measures to check quality of food products

https://www.thehindu.com/news/ | BINDU SHAJAN PERAPPADAN | May 4, 2024

Members of the food industry and experts have welcomed the series of measures, introduced by the Food Safety and Standards Authority of India (FSSAI) and Spices Board of India, to maintain quality check of food products sold within the country and of those exported while stating that despite the regulatory ecosystem for food articles in India being one of the most comprehensive frameworks in the world it continues to grapple lack of ground-level implementation.

India Inc has to deal with 1,536 Acts, 69,233 compliances: Study

https://www.msn.com | Times News Network | May 2, 2024

A research paper released by TeamLease RegTech, a regulatory compliance management firm, finds there are 1,536 Acts and rules, 69,233 compliances, and 6,618 annual filings to comply with. However, each company may not have to contend with all the compliances. That varies depending on the nature of business, geographical location and reach, and employee headcount.

TeamLease releases comprehensive whitepaper on labour law compliances

https://www.manufacturingtodayindia.com | Staff Writer | May 2, 2024

TeamLease RegTech, India’s premier Regulatory Technology solutions company, has unveiled a whitepaper in celebration of International Labour Day. This comprehensive document delves into the historical evolution, present state, and future trajectory of labour law compliances in India. It scrutinises the contemporary regulatory landscape, shedding light on the challenges confronting both workers and employers.

India Inc Faces 69,233 Compliances Across 1,536 Laws & Rules

https://knnindia.co.in | KNN Bureau | May 2, 2024

Indian companies are grappled with an enormous compliance load of 69,233 compliances mandated across 1,536 laws and associated rules, according to a new research paper by TeamLease RegTech. The regulatory compliance management firm's study revealed the staggering number of compliances that businesses in India must adhere to, stemming from 1,536 different Acts and rules. However, the precise number of applicable compliances varies for each company based on factors such as the nature of its business, geographical presence, and employee headcount.

India Inc Faces 69,233 Compliances Across 1,536 Laws & Rules

https://menafn.com | KNN Bureau | May 2, 2024

The regulatory compliance management firm's study revealed the staggering number of compliances that businesses in India must adhere to, stemming from 1,536 different Acts and rules. However, the precise number of applicable compliances varies for each company based on factors such as the nature of its business, geographical presence, and employee headcount.

India Inc has to deal with 1,536 Acts, 69,233 | compliances: Study

https://timesofindia.indiatimes.com | Times News Network | May 2, 2024

Despite attempts to improve the ease of doing business, India Inc still has to deal with numerous laws and compliances. A research paper released by TeamLease RegTech, a regulatory compliance management firm, finds there are 1,536 Acts and rules, 69,233 compliances, and 6,618 annual filings to comply with. However, one company may not have to contend with all the compliances.

Labour laws contribute 47% of nearly 70k compliances in the country': Teamlease white paper

https://www.moneycontrol.com/ | S.NTHYAGARAJAN | May 1, 2024

According to the paper, state-level compliances to labour laws constitute 31,605, i.e. 97 percent of the total labour-related obligations while union-level compliances constitute to about 937

TeamLease RegTech Releases Whitepaper on India’s Labor Law Compliance Challenges and the Need for Reforms

https://www.legalindia.com | Legal India Admin | May 1, 2024

Mumbai, May1, 2024: TeamLease RegTech, India’s leading Regulatory Technology (RegTech) solutions company, has released a whitepaper on the occasion of International Labour Day. The whitepaper dives into the past, present and future of labour law compliances in India. It traces the journey of the present-day regulatory framework and discusses the challenges faced by workers and employers alike.

The big aviation crisis: From flight cancellations to pilot shortage, why has India's aviation story gone sour?

https://www.businesstoday.in | Arnab Dutta | April 30, 2024

On April 1, T.V. Mohandas Pai was stuck at the Bengaluru airport. The former Infosys CFO and Chairman of Manipal Global Education and Aarin Capital Partners was scheduled to travel to Ahmedabad on a Vistara flight at 10:30 am, but the departure was pushed back to 12 pm. With no prior intimation from the airline, Pai took to social media platform X to vent his frustration: “Why did they not message the delay? Terrible service, no announcement, no clarity.” Vistara, in its reply, refuted Pai’s claims of not sending out communications, saying it had communicated the delay to the “registered contact details present on the PNR” and said that the flight “was delayed due to operational reasons”.

TeamLease RegTech, NISM & FICCI jointly organise the Compliance and Governance Symposium in Mumbai

https://mumbainewsexpress.com/ | Suman Gupta | April 26, 2024

April 25, 2024, Mumbai: TeamLease RegTech, along with the National Institute of Securities Markets (NISM) and the Federation of Indian Chambers of Commerce and Industry, organised the ‘Compliance and Governance Symposium’ at Novotel, Mumbai International Airport. The event witnessed the participation of industry stalwarts as keynote speakers on the evolving role of technology in SEBI compliance and governance processes. The panels included renowned professionals — Mr. Vinay M A, Company Secretary & Compliance Officer, Marico; Mr. Onkar, Head of Legal, Company Secretary & Compliance Officer, EPL Limited; and Mr. Rishi Agrawal, Co-founder & CEO, TeamLease Regtech — who shed light on the integral role of technological advancements in enabling ease of doing business.

TeamLease RegTech, NISM & FICCI jointly organise the Compliance and Governance Symposium in Mumbai

https://nationalheraldnews.com | Prashant Kapadia | April 25, 2024

Organised at Novotel, Mumbai International Airport, the conference witnessed the Key note by MD AND CEO of BSE & a regulator panel by SEBI and participation from various industry leaders and seasoned professionals. The panel discussions revolved around the evolving role of technology in ease of doing business and SEBI compliance and governance processes

Business Regulations: Decriminalisation, simplification, and digitisation

https://www.cppr.in | Centre for Public Policy Research | April 22, 2024

In this episode, we explore the need for decriminalisation, simplification, and digitisation in business regulations. We dissect the implications of the Jan Vishwas Act and proposed amendments and delve into the progress of decriminalisation across the nation, identifying states leading the charge in reform efforts. Join us as we unravel the complexities and envision the future of business regulations.

Electoral bond data: Will corporates disclose their donation details to their shareholders?

https://adrindia.org | Surabhi | April 19, 2024

With electoral bond data being released, will corporates disclose details of their purchases to their shareholders?

Electoral bond data: Will corporates disclose their donation details to their shareholders?

https://www.businesstoday.in | Surabhi | April 15, 2024

Six years after the electoral bonds scheme was launched as a mechanism to cleanse the system of political funding, the Supreme Court held it as unconstitutional and manifestly arbitrary, mandating the disclosure of all details of bond purchases and their redemptions by political parties. In the process, this has brought donations by corporate houses to political parties out in the open.

l EMPLOYEES PROVIDENT FUND REDUCES PAPERWORK: PF balance transfers go automatic

https://www.financialexpress.com | Saikat Neogi | April 13, 2024

WHEN a salaried employee switches jobs, her provident fund (PF) balance will now get automatically transferred to the new employer without any documentation. The account will get seamlessly transferred the moment the new employer deposits the PF contribution from the employee’s first month’s salary.

Switching jobs? Your EPF account can be automatically transferred - here’s how EPFO facility works, rules and exceptions

https://www.msn.com | Story by TOI Business Desk | April 11, 2024

Sandeep Agrawal, Director and Co-Founder of Teamlease Regtech, said that for automatic transfer claims, there's no requirement to submit Form 13. However, if the automatic transfer doesn't occur within the specified time due to issues like mismatched dates of exit, not updated exit dates by a previous employer, member details mismatch, or pending UAN Aadhaar seeding, members can opt for online Form 13 to transfer EPF and EPS accumulation from the previous employer to the present one.

Switching jobs? Your EPF account can be automatically transferred - here’s how EPFO facility works, rules and exceptions

https://timesofindia.indiatimes.com | TOI Business Desk | April 10, 2024

EPF automatic account transfer: The Employees’ Provident Fund Organisation (EPFO) offers a convenient solution for its members when changing jobs: automatic transfer of EPF accounts. Despite its usefulness, this facility remains relatively unknown.

RegTech solutions can be a game changer in fintech regulatory scrutiny

https://smefutures.com | Anushruti singh | March 22, 2024

RBI’s recent directive against Paytm has heightened the necessity for RegTech solutions among mid-sized and large corporations. SME Futures explores the role of RegTech in fintech with Sandeep Agrawal, TeamLease RegTech

Taxpayers facing inflated income problem on the | compliance portal with these transactions asked to wait; CBDT

https://economictimes.indiatimes.com/ | Neelanjit Das | March 15, 2024

Income tax compliance portal: The Central Board of Direct Taxes (CBDT) has said on their website that data pertaining to certain information categories are being updated, | hence taxpayers should wait for the updated data to be reflected on the portal. There | have been a huge disparity between transactions reported in AIS and as per the transaction conducted by taxpayers.

ITR filing: Stock market investors can use these tricks to lower income tax outgo

https://sharepriceupdates.com | Sangeeta Ojha | March 15, 2024

ITR filing: According to experts, individuals investing in the Indian stock market can utilise several income tax planning strategies to increase their returns while staying compliant with Indian tax laws

KYC rules to change: Uniform KYC for all — opening bank account to buying insurance to investing in stocks, mutual funds

https://economictimes.indiatimes.com | Anulekha Ray | March 14, 2024

In its recent meetings, FSDC, chaired by Finance Minister Nirmala Sitharaman, proposed to bring uniform KYC to verify customers, ease inter-usability of KYC records across the financial sector, and simplify the digitalisation of the KYC process. What is uniform KYC? How will uniform KYC ease the process of onboarding? What is going to change for customers? ET Wealth Online explains.

Compliance Guidelines for FinTechs

https://www.businessmanager.in | Sandeep Agrawal | March 14, 2024

In the evolving FinTech landscape, compliance is not just a requirement; it's a strategic imperative. The Call for RegulateKaro amid Paytm crisis in the Fintech Space has spurred a renewed focus on compliance within the dynamic Indian FinTech ecosystem. Here's a comprehensive listicle on the compliance measures | FinTechs should follow to thrive in this regulatory landscape.

FE MSME Leadership Conclave: Experts share blueprint for MSMEs’ growth in ‘Viksit Bharat’

https://www.financialexpress.com | Sparsh Bansal | March 10, 2024

In a span of 12 months, the registration with the Ministry of MSME has grown from 1.5 crore in March last year to 2.4 crore”, said Dr. Rajneesh, Additional Secretary & Development Commissioner, Ministry of MSME.

These income tax initiatives may empower women investors in Indian stock market

https://www.livemint.com | Sangeeta Ojha | March 8, 2024

Several tax-related initiatives can encourage women's participation in the stock market. The declining number of demat accounts among women is a concerning trend, highlighted by CA Sandeep Agrawal, Director and Co-founder at Teamlease Regtech. Meanwhile, Tax Expert Megha Jain from ClearTax proposes various tax-related initiatives to encourage women's participation in the stock market.

India Inc. Needs To Digitise To Navigate Employer Compliance Challenges

https://bwpeople.businessworld.in | BW People | March 7, 2024

TeamLease Regtech has released its report titled ‘Compliance 3.0 - Beyond Accidental Compliance.’ India Inc. is expected to be on an unprecedented growth trajectory, and this report highlights the structural and procedural challenges around compliance faced by employers. It delves into the existing challenges in the present regulatory framework and provides insights into the reasons behind accidental non-compliance among employers. It further highlights the changing demands of shareholders, board of directors, regulators, and employees around compliance.

Women's Day Special: Investing In Stocks - A Passing Fad For Women In India; But Why?

https://www.goodreturns.in | Vipul Das | March 7, 2024

India is not alone in attracting investors disenchanted with China's markets and an economy recovering from years of pandemic-related lockdowns. Remarkably, the influx of nearly $16.5 billion in foreign investments into Indian stocks this year marks the most significant surge since at least 2008, surpassing the $8 billion and $5 billion received by South Korea and Taiwan, according to Reuters. This underscores the substantial potential that Indian stock markets currently possess.

India Inc needs to go digital to counter the regulatory hurdles in employer compliance framework: TeamLease RegTech report

https://www.zeebiz.com | Deepjoy Das | March 6, 2024

The report stated that in FY23, 4,880 regulatory updates were sent out by different national and state governments, regulators, and ministries. Because of this, compliance teams and officers of a particular business need to know about any new information that might affect their company's compliance duties.

Teamlease RegTech advises India to go digital for streamlined employer compliance

https://timestech.in | Kajal mehra | March 6, 2024

TeamLease Regtech, India’s leading Regulatory Technology (Regtech) solutions company, has released its report titled ‘Compliance 3.0 – Beyond Accidental Compliance.’ India Inc. is expected to be on an unprecedented growth trajectory, and this report highlights the structural and procedural challenges around compliance faced by employers. It delves into the existing challenges in the present regulatory framework and provides insights into the reasons behind accidental non-compliance among employers. It further highlights the changing demands of shareholders, board of directors, regulators, and employees around compliance.

India Inc. needs to go digital to counter the regulatory cholesterol in the employer compliance framework: Reports Teamlease RegTech

https://www.financialexpress.com | Financial express education | March 6, 2024

TeamLease Regtech, has released its report titled ‘Compliance 3.0 – Beyond Accidental Compliance.’ India Inc. is expected to be on an unprecedented growth trajectory and this report highlights the structural and procedural challenges around compliance faced by employers.

Byju's, Paytm Bank Crises: Startups, Companies Need To Step Up Compliance, Say Experts

https://www.news18.com | Mohammad Haris | March 3, 2024

Paytm Payments Bank has recently been slapped a penalty of Rs 5.49 crore by the Financial Intelligence Unit-India for violations of its “obligations under the PMLA” rules, while edtech major Byju’s was late in reporting its earnings for recent few years to regulators. While the two companies are currently undergoing a tough period, experts say startups and companies need to step up their compliance to avoid such a situation.

Byju's, Paytm Bank Crises: Startups, Companies Need To Step Up Compliance, Say Experts

https://www.news18.com | Mohammad Haris | March 3, 2024

While Paytm Payments Bank and edtech major Byju's are currently undergoing a tough period, experts say startups and companies need to step up their compliance to avoid such a situation

Sebi wants heat shield for mutual fund investors

https://economictimes.indiatimes.com | Prashant Mahesh & Nishanth Vasudevan; | Feb. 29, 2024

The regulator has, in a communication sent to Association of Mutual Funds in India (AMFI) on Tuesday evening, asked fund houses to list the steps they are taking to protect investors in such schemes in next 21 days, said two people in the know.

Navigating the Compliance Landscape: Essential Guidelines for FinTechs

https://www.apnnews.com/ | Sandeep Agrawal | Feb. 28, 2024

The Call for RegulateKaro amid Paytm crisis in the Fintech Space has spurred a renewed focus on compliance within the dynamic Indian FinTech ecosystem. Here’s a comprehensive listicle on the compliance measures FinTechs should follow to thrive in this regulatory landscape.

Navigating the Compliance Landscape: Essential Guidelines for FinTechs Attributed to Sandeep Agrawal, Director and co-founder Teamlease Regtech

https://newspatrolling.com | Sandeep Agrawal | Feb. 28, 2024

Navigating the compliance landscape: Essential guidelines for FinTechs

https://www.expresscomputer.in | Sandeep Agrawal | Feb. 28, 2024

The Call for RegulateKaro amid the Paytm crisis in the Fintech Space has spurred a renewed focus on compliance within the dynamic Indian FinTech ecosystem. Here’s a comprehensive listicle on the compliance measures FinTechs should follow to thrive in this regulatory landscape.

Fintech firms focus on compliance, simplification of KYC, lending norms

https://www.newindianexpress.com | Uma Kannan | Feb. 28, 2024

BENGALURU: Over 40 fintech companies including Razorpay and PhonePe in a meeting with finance minister Nirmala Sitharaman on Monday initiated various discussions including simplification and digitisation of KYC and lending norms reform, among others.

Fintech firms focus on compliance, simplification of KYC, lending norms

https://www.newindianexpress.com | Uma Kannan | Feb. 28, 2024

Over 40 fintech companies including Razorpay and PhonePe in a meeting with finance minister Nirmala Sitharaman on Monday initiated various discussions including simplification and digitisation of KYC and lending norms reform, among others.

Unveiling the Future: Exploring Surge in Bank Spending on RegTech in 2024

https://timestech.in | Kajal Mehra | Feb. 26, 2024

Digital Public Infrastructure (DPI) has already improved the accessibility of financial services using digital technologies. The JAM (Jan Dhan, Aadhaar, Mobile) trinity has allowed millions of underbanked and unbanked people to join the mainstream economy and access banking and credit services. The identity, payments, and data layer allow REs to provide customers with easy and quick access to their services. This has resulted in the boom of the FinTech industry and, consequently, lending and credit services.

RBI’s warning to fintechs: How do international compliance standards impact fintechs in India? Know about GDPR or AML directives

https://www.financialexpress.com/ | Tanya Krishna | Feb. 19, 2024

The BFSI sector has grown by leaps and bounds, transitioning India from a primarily cash-driven economy to one that is now highly digitised. Fintech, today, has entered the mainstream, focusing on increasing profitability and curtailing risk. The fintech ecosystem has witnessed tremendous technological advancements and is projected to grow sixfold from $245 billion to $1.5 trillion by 2030. The Asia-Pacific region is expected to outpace the US and climb up the ranks to become the world’s leading fintech market by 2030.

How can fintechs shield themselves from fake accounts on their platforms? Rishi Agrawal, CEO and co-founder of TeamLease RegTech explains

https://www.thehindubusinessline.com | LOKESHWARRI SKNABODITA GANGULY | Feb. 19, 2024

The discussion between Rishi Agrawal, CEO and co-founder of TeamLease RegTech, and businessline’s Lokeshwarri SK, sheds light on the sequence of events leading to the RBI’s decision to halt deposit-taking and certain operations of Paytm Payments Bank.

RBI’s warning to fintech: Know more on top compliance measures, regulatory frameworks for industry players

https://www.financialexpress.com | Tanya Krishna | Feb. 16, 2024

In an exclusive conversation with Financial Express Online, Rishi Agrawal, CEO and Co-Founder, Teamlease RegTech, talked about various compliance measures and regulatory frameworks that companies need to follow in order to stay on top of their compliance obligations.

Air India Fined and Pilot Suspended: A Call for Aviation Compliance Reform

https://bnnbreaking.com | Mahnoor Jehangir | Feb. 15, 2024

The Air India incident highlights the need for improved aviation compliance. Companies must understand regulatory obligations, monitor protocols, and foster a culture of shared responsibility to ensure passenger safety.

Air India Fined and Pilot Suspended: A Call for Aviation Compliance Reform

https://bnnbreaking.com | Mahnoor Jehangir | Feb. 15, 2024

February 15, 2024: In a recent incident that sent shockwaves through the aviation industry, Directorate General of Civil Aviation (DGCA) imposed a penalty of Rs30 lakh on Air India and suspended the license of the pilot in command of a flight where a passenger allegedly urinated on a female co-passenger. This event has served as a stark reminder for aviation companies to reassess and strengthen their compliance frameworks.

The call for 'RegulateKaro' amid Paytm crisis in the fintech space

https://economictimes.indiatimes.com | Sandeep Agrawal | Feb. 7, 2024

The Indian FinTech ecosystem, the third largest in the world, is expected to reach a market size of US$ 150 billion by 2025. Digital lending has become a US$ 270 billion market in 2022. However, recent years have seen an increase in financial fraud and irregularities, leading to a lack of trust in the sector. The RBI has implemented regulations and guidelines to address these concerns, including registration requirements for FinTech companies and enhanced data privacy measures.

Budget 2024: Focus on MSMEs to compete globally

https://www.newindianexpress.com | New Indian express | Feb. 2, 2024

the FM presented the policy outlook currently in the works for the development of MSMEs by means of technology, research & development, and financial assistance. "The vision of allowing MSMEs to compete globally is a commendable one. Over the past decade, we have significantly gained in the ease of doing business with indirect tax reforms as well as the introduction of technology to facilitate the delivery of services.

Budget 2024-25: How Industry Reacts

https://www.businessworld.in | BW Online Bureau | Feb. 1, 2024

The government's revenue has exceeded expectations. Indirect tax reform clearly is paying off. It has helped widen the tax net and bring significant efficiencies in the economy. The budget has done well to focus on energy security, mass transportation and rural housing. It was heartening to hear the frequent use of words such as technology and innovation. Digital Public Infrastructure (DPI) has been a game changer in adding wings to India's dreams. It was good to hear the finance minister talk about DPI as a new factor of production instrumental in formalising the economy. From an ease of doing business perspective, the industry expected some fund allocation on leveraging DPI to enable cashless, presence-less and paper-less compliance. The country needs to double down in building and implementing more use cases with DPI. There was also an expectation of greater focus on policy reform towards a more rationalised, digitised and decriminalised employer compliance in the post pandemic new world order. It will enable India to become Viksit by 2047.

Interim Budget enthuses startups with extension of tax expiry exemption by a year

https://www.thehindu.com | Mini tejaswi | Feb. 1, 2024

Certain tax benefits to startups and investments made by sovereign wealth or pension funds as also tax exemption on certain income of some International Financial Services Centre (IFSC) units are expiring on March 31, 2024

Interim Budget 2024: Nurturing Tech Prowess - A Billion Dreams Take Flight

https://www.businessworld.in | Ojasvi Nath | Feb. 1, 2024

From fortifying defense capabilities through deep-tech advancements to fostering a thriving ecosystem for technology startups, the budget sets the stage for a paradigm shift in India's technological trajectory

Budget 2024: Post Budget Reactions from Tech Experts

https://www.thehansindia.com | Hans India | Feb. 1, 2024

Finance Minister Nirmala Sitharaman presented the Interim Budget 2024 in Parliament. Notably, this interim budget precedes a comprehensive budget set to be revealed after the conclusion of general elections by the new government. The Finance Minister unveiled a series of noteworthy technological reforms, delivering the budget in a paperless format using a digital tablet in a red 'bahi khata' adorned with the national emblem. Despite heightened expectations from industry experts regarding artificial intelligence (AI) announcements, none materialized. Explore the views of tech experts from top technology companies.

Budget 2024: Industry Experts Push for ITR Portal Enhancements including Notice Intimation in Budget Talks Read More: https://www.taxscan.in/budget-2024-industry-experts-push-for-itr-portal-enhancements-including-notice-intimation-in-budget-talks/368804/

https://www.taxscan.in | Navasree A.M | Jan. 27, 2024

Although when compared to the old ITR portal, the new ITR portal is refreshing and useful to interact, but it can be further improved. It is my view that the tax portal should be made more user-friendly. Currently, taxpayers face challenges in locating relevant communications and notices on the portal.,” says Sandeep Agrawal, Director and Co-founder Teamlease Regtech said to Economic Times.

Budget 2024: ITR portal should be made more user-friendly including tax notice intimation; voices industry experts

https://economictimes.indiatimes.com | Neelanjit Das | Jan. 25, 2024

Budget 2024: Experts opine that the income tax return (ITR) portal be made more user-friendly and a system be in place to check all the notices given by the income tax department to the taxpayer in one place. Experts also suggested to the government that the notice document should be attached with the email intimation itself.

Navigating the evolving landscape: Key dimensions of cloud compliance and regulations in 2024

https://www.expresscomputer.in | Sandeep Agrawal | Jan. 24, 2024

The rapid adoption of cloud computing and cloud infrastructure has opened up a host of new opportunities and advantages for businesses. However, it has also reinforced the need for robust cybersecurity measures to combat the escalating threats of data breaches and cybercrimes. Today, data is the new oil, and the significance of protecting sensitive information cannot be understated. Armed with increasingly sophisticated techniques, threat actors are actively targeting the vast data pools stored in the cloud.

Finance Ministry's aggressive crackdown on crypto - a necessity, not threat: RegTech Expert

https://bfsi.economictimes.indiatimes.com | Sheersh Kapoor | Jan. 19, 2024

The recent regulatory requirements are not threats but necessities to create a safe, secure, transparent and accountable regulatory environment, with the ultimate goal of protecting the interests of the consumer. The aim is to ensure that crypto cannot be used for illicit activities such as money laundering and terror financing, said the expert.

UPI Transactions Cross 100-Bn Mark in 2023; a 60% Growth From 2022

https://www.entrepreneur.com | S Shanthi | Jan. 3, 2024

Transactions through the unified payments interface (UPI) platform crossed the 100 billion-mark in 2023 to around 118 billion transactions through the year, according to the data shared by the National Payments Corporation of India (NPCI).

RBI scrutinises NBFCs and fintech amid compliance failure revelations; here's what it means

https://www.businesstoday.in/ | Anand Adhikari | Jan. 1, 2024

The regulator has found that several financial entities—banks, NBFCs, and fintech players—violated a number of compliance standards or regulations. The seemingly endless list includes breaches relating to know your customer (KYC) norms, money laundering, reporting frauds, digital lending guidelines, connected lending norms, data security, and privacy regulations, among others.

Back Back Year-ender 2023: How technology drove regulatory compliance this year. Check experts' outlook for 2024

https://www.livemint.com | Saurav Mukherjee | Dec. 26, 2023

With RBI putting extra caution and went on penalizing the firms for deficiencies in regulatory compliance, money lenders started evaluating where they were going wrong and how they could improve it. Check the experts' outlook for 2024.

RBI is treading a careful path as it looks to pre-empt misadventures

https://www.businesstoday.in | Anand Adhikari | Dec. 20, 2023

With the RBI calling for comprehensive regulations to govern connected-party lending, it wants to pre-empt any misadventure in the financial sector

RBI is treading a careful path as it looks to pre-empt misadventures

https://www.businesstoday.in | Anand Adhikari | Dec. 20, 2023

With the RBI calling for comprehensive regulations to govern connected-party lending, it wants to pre-empt any misadventure in the financial sector

Pouring success a year end spotlight on licensing trends reshaping the alcohol beverage industry in 2023

https://hospitality.economictimes.indiatimes.com | Sandeep Agrawal | Dec. 19, 2023

The Government shall consider designing a National Alcohol Control Policy in consultation with the states and industry stakeholders which can provide an overall framework to states for policy making.

Top 5 Sustainable Players Poised for Success in 2023: A Year-End Roundup

https://businessnewsthisweek.com | Sujata | Dec. 18, 2023

As we bid farewell to 2023, the winds of change in the business landscape are undeniably green. A growing awareness of environmental responsibility and sustainable practices has led to the emergence of companies that not only prioritize profitability but also commit to making a positive impact on the planet. In this year-end roundup, we shine a spotlight on the top five sustainable players that have stood out in 2023. From reshaping financial services to redefining smart mobility, these companies are setting new standards for success by combining innovation with a steadfast commitment to sustainability.

Retail Compliance Unwrapped: A Year-End Review of Trends Shaping 2023

https://retail.economictimes.indiatimes.com | Sandeep Agrawal | Dec. 18, 2023

The retail industry in India has transformed and witnessed significant growth in the last 10 Years. The sector contributes substantially to the economy, exceeding 10% of the Gross Domestic Product (GDP) at $1.3 trillion and 8% of the workforce.

Top 5 Sustainable Players Poised for Success in 2023: A Year-End Roundup

https://voice15.com | Voice Team | Dec. 18, 2023

Top 5 Sustainable Players Poised for Success in 2023: A Year-End Roundup

https://cxotoday.com | CXOtoday News Desk | Dec. 18, 2023

Top 5 Sustainable Players Poised for Success in 2023: A Year-End Roundup

https://mediaexpress24.com | Rabindra | Dec. 18, 2023

Top 5 Sustainable Players Poised for Success in 2023: A Year-End Roundup

https://contentmediasolution.com | content media solution Business | Dec. 18, 2023

Navigating The Gig Wave: Year-End Insights Into Challenges & Solutions For Empowering Workers In 2023

https://news.abplive.com | ABP News Bureau | Dec. 15, 2023

Look Back 2023: This gig economy has exploded in popularity in the workforce, with more than seven million individuals engaged in micro-entrepreneurial activities

Budget 2024: What tax experts expect from FM Nirmala Sitharaman Budget 2024: What tax experts expect from FM Nirmala Sitharaman

https://www.livemint.com | Sangeeta Ojha | Dec. 14, 2023

Tax experts are closely watching for announcements in the upcoming Interim Budget 2024 that will impact the nation's economy. They expect gradual changes to personal income tax brackets and a focus on simplifying the GST regime and providing clarity on long-term capital gains tax

Synchronizing Compliance: Empowering Telecom Industry Through Regulatory Technology

https://timestech.in | Sandeep Agrawal | Dec. 12, 2023

The Indian telecom industry has come a long way from its humble beginnings. Post-liberalisation growth has seen the industry become the world’s second-largest communications market. Telecommunication services today are a critical infrastructure that facilitates the functions of the economy, administration, and society. Even with a one billion+ subscriber base and 800 million+ internet users, the overall teledensity is just above 84%, with the rural market remaining largely untapped. While the industry has been going through a sustained period of growth, it is also weighed down by the complex regulatory framework. Telecom companies are in direct contact with petabytes and exabytes of sensitive user data on a daily basis. As such, it is imperative that the industry be carefully and thoroughly regulated. Consequently, specifying these businesses’ responsibility, accountability, and liability is essential.

Limited Infra, Complex Geography: India's '2G Free' Mission Is Not An Easy Task

https://www.businessworld.in | Abhishek Sharma | Dec. 6, 2023

Transitioning from 2G to higher-generation mobile networks can bring several key technological advantages to India like higher data speeds, increased productivity, global competitiveness, job creation and digital inclusion, say experts

Lessons from ED's crackdown on Byju's, Xiaomi to strengthen compliance

https://www.business-standard.com | Peerzada Abrar | Nov. 29, 2023

On November 21, the Enforcement Directorate (ED) issued a showcause notice of Rs 9,362 crore to Think & Learn, the parent company of edtech giant Byju's, and its founder Byju Raveendran for alleged violations of foreign exchange rules while attracting foreign investments from 2011 to 2023. The central probe agency charged them with contravening foreign exchange provisions, according to an order issued by the adjudicating authority of the Foreign Exchange Management Act (FEMA). This is the second-largest showcause to a unicorn, following a Rs 10,600 crore notice to Flipkart in 2021 for an alleged violation of foreign exchange rules.

Navigating the Regulatory Maze: The Role of Compliance Technology in Telecommunications

https://www.expresscomputer.in | Sandeep Agrawal | Nov. 20, 2023

The Indian telecommunications sector has seen considerable progress since its inception. Following liberalisation, the sector has now become the second-largest communications market globally. Present-day telecommunication services are an indispensable infrastructure component, enabling the government, economy, and society. The sector now has over 800 million people connected to low-cost, high-speed internet and over one billion subscribers. Despite enduring a period of consistent growth, the sector is burdened by an intricate regulatory framework.

IT firms can place staff in different locations: TeamLease RegTech CEO

https://www.financialexpress.com/ | Sameer Ranjan Bakshi | Nov. 17, 2023

The statement comes a day after IT employees’ union alleged that TCS has transferred more than 2,000 employees to different cities without proper notice or consultation.

Tech-forward compliance: Maximizing growth and minimizing risk in digital age

https://www.dqindia.com | Supriya Rai | Nov. 6, 2023

In today’s rapidly evolving digital landscape, the integration of technology and compliance has become a pivotal factor in ensuring sustainable growth while mitigating potential risks. The concept of tech-forward compliance revolves around leveraging innovative tools, automation, and data-driven strategies to streamline regulatory adherence, enhance operational efficiencies, and foster growth opportunities.

Navigating the gig economy: Legal implications for businesses and workers

https://www.financialexpress.com | Sandeep Agrawal | Oct. 29, 2023

While ‘gig workers’ have been defined under section 2(35) of the Code of Social Security, 2020 as a person who participates in a work arrangement and earns from such activities outside a traditional employer-employee relationship, the codes are yet to be notified.

A Tale of Retail

https://www.indialegallive.com | Sujit Bhar | Oct. 28, 2023

India’s burgeoning retail sector is caught between a rock and a hard place, between subsisting on thin margins and rising client expectations. The government needs to put in place its trade policy with alacrity

Challenges And Solutions In Gig Economy: How To Empower Workers For More Secure Future

https://news.abplive.com | Sandeep Agrawal | Oct. 25, 2023

Gig workers are neither permanent nor fixed-term employees but partners, as such, they become ineligible for social security benefits and schemes under the present labour law regime

Several firms face filing hurdles post new rule introduced by MCA

https://economictimes.indiatimes.com/ | Pavan Burugula | Oct. 22, 2023

Market participants say, the issue is prominent while filing AOC4 form - one of the forms that companies have to pay in annual statements. The form still allows the auditors to file statements with absolute numbers.

Tax collected at source: You have to pay TCS on bike, EV, car of more than this amount

https://economictimes.indiatimes.com | Neelanjit Das | Oct. 19, 2023

The seller of a motor vehicle will collect TCS from the buyer if the value of the motor vehicle is over Rs 10 lakh. However note that TCS is not an additional tax and this amount can be claimed back at the time of income tax return (ITR) filing.

How banks can plug compliance loopholes amid RBI's penalty blitz

https://www.businesstoday.in | Anand Adhikari | Oct. 19, 2023

RBI found a range of compliance violations by banks from misclassifying fraud cases, failure to report fraud cases, breaching recovery agent guidelines, neglecting due diligence on project viability, and exceeding intra-group exposure limits

Microscopic oversight a barrier to job creation, business growth

https://www.tpci.in | Rishi Agrawal | Oct. 18, 2023

Amid the rapidly evolving business landscape, the importance of Regulation Technologies, commonly referred to as RegTech, cannot be overstated. RegTech encompasses a wide range of technological solutions designed to streamline and optimize regulatory compliance processes. These innovative tools provide companies with the means to not only navigate the complex web of regulations but also to leverage them as catalysts for expansion. India Business and Trade spoke with Rishi Agrawal, Co-founder and CEO, TeamLease RegTech, on the various aspects of regulation technologies, including technological advancements in the field and the need to optimise Ease of Doing Business (EoDB), through effective execution of rationalization, digitization, and decriminalization for the growth of a business.

Reinforcing compliance management in industrial estates

https://www.constructionworld.in | CW Team | Oct. 17, 2023

Whether it’s a conventional warehouse, a modest godown, refrigerated storage, or a modern distribution centre, businesses are actively seeking warehousing solutions. In addition to conforming to global standards, businesses have to comply with the associated regulatory requirements, writes Rishi Agrawal Co-founder and CEO TeamLease RegTech

India’s FMCG sector faces regulatory obligations, one too many

https://www.bizzbuzz.news | Ritwik Mukherjee | Oct. 12, 2023

The much-hyped ‘Ease of Doing Business Index’ notwithstanding, an enterprise in India in the FMCG sector needs at least 23 licenses and registrations under 14 Acts to start a manufacturing facility. Additionally, once the enterprise starts operations, it must adhere to over 1,252 unique compliance obligations. These include maintenance of records, returns, and filings under the state-specific labour laws; Food Safety & Standard Act, 2006 and Food Safety & Standard Rules, 2011; and Warehouse Rules, among others.

831 unique compliances for a small agricultural and dairy product FMCG

http://www.fnbnews.com | FnB News | Oct. 11, 2023

India, the fifth largest economy in the world in terms of Gross Domestic Product (GDP), also stands as the second runner-up in terms of purchasing power parity (PPP). Reaching the $5 trillion mark by 2027 will translate into $16 trillion in GDP in terms of PPP. This brings to immediate notice that Indian consumer spending is expected to grow to $6 trillion by the end of the decade and that there is explosive growth in the number of high-income and middle-income households. This growth is not limited to tier 1 cities, as tier 2 and tier 3 cities have already overtaken metropolitan cities in retail consumption. The FMCG sector is set to experience increased demand from rural and semi-urban areas as the average household gets access to more and more disposable income, with FMCG accounting for 50% of the total rural spending.

Demystifying Demat Account Compliance: A Guide To Ensuring Your Investments Stay Secure

https://news.abplive.com | ABP News Bureau | Oct. 11, 2023

In line with CBDT notification, stock exchanges, depositories and SEBI have made it mandatory to link PAN with Aadhaar numbers, failing which investors now face severe restrictions

Navigating agricultural compliance maze for agriculture and dairy products

http://www.fnbnews.com | Admin | Oct. 10, 2023

An enterprise in the agricultural and dairy products sector must comply with 831 unique regulatory compliances. India is the fifth-largest economy and is projected to reach $5 trillion in GDP by 2027. Tier 2 and tier 3 cities in India have overtaken metropolitan cities in retail consumption. 📊 FMCG sector experiences increased demand from rural and semi-urban areas, accounting for 50% of rural spending. TeamLease Regtech's report explores compliance challenges in the FMCG sector.

831 unique compliances for a small agricultural and dairy product FMCG Reports Teamlease Regtech

https://www.apnnews.com | APN News | Oct. 6, 2023

TeamLease Regtech, India’s leading Regulatory Technology solutions company, has released its report titled ‘Simplifying Compliance Management for the FMCG Sector.’ The report provides an overview of the complexity of compliance and the challenges entrepreneurs and employers face in the FMCG sector. It also delves deep into the present regulatory framework and sugge

Ease of business? Agricultural, dairy FMCGs need to meet 3k obligations a year, says report

https://theprint.in | Yuthika Bhargava | Oct. 4, 2023

The report “Simplifying Compliance Management for the FMCG sector” – shared with ThePrint – noted that FMCG was the fourth-largest economic sector and boasts a 3-million strong workforce. The sector’s growth, it said, can be attributed to consumer-driven factors such as a rise in rural consumption, an increase in disposable income, and higher standards of living.

What is composition scheme of GST, who is eligible and how to opt for it

https://economictimes.indiatimes.com | Neelanjit Das | Sept. 18, 2023

An individual can opt for composition scheme under GST either at the beginning of the financial year by filing GST CMP-02 form or at the time of registration for GST. One cannot opt for a composition scheme under GST during the middle of the year," says Chartered Accountant Sandeep Agrawal, director, TeamLease Regtech, regulatory technology compliance company.

Navigating Wild West Of Finfluencers: SEBI's Mission To Protect Investors

https://news.abplive.com | ABP News Bureau | Sept. 18, 2023

The changing landscape of financial influence in the age of social media is reflected in SEBI's decision to regulate the activities of financial influencers.

Licence Raj: compliance framework needs overhaul

https://brewsnspirits.in | Sandeep Agrawal | Sept. 11, 2023

Beverage alcohol is one of India’s most under-appreciated industries, employing over 20 million people directly or indirectly, with a market size of over US$ 50 billion. An estimated 300 million individuals consume alco-beverages in the country, making it the third-largest market in the world.

G20 Summit: Startups hope Delhi Declaration to help ease capital access

https://www.business-standard.com | Aryaman Gupta & Shivani Shinde | Sept. 10, 2023

This would, in turn, reduce risk and further enable investments, adds Sandeep Agrawal, director and co-founder, Teamlease Regtech – a software-as-a-service (SaaS) startup. "In addition, it will also promote seamless sharing of knowledge and give rise to opportunities for collaboration," he says.

G20 leaders emphasis on digital infrastructure a comprehensive vision for the future, says tech industry

https://tech.hindustantimes.com | PTI | Sept. 10, 2023

Compliance Management Software Company Teamlease Retch's CEO and Co-founder Rishi Agrawal said it is time to expand India's role in pushing expedited adoption of DPIs across the developing and developed worlds. (DPI) will enable an inclusive, open, and secure digital economy across the world. India's plan to build and maintain a global repository of DPI will position it to be the world's next economic superpower in the digital age," he added.

G20 Summit: Startups hope Delhi Declaration to help ease capital access

https://www.business-standard.com | Aryaman Gupta & Shivani Shinde | Sept. 10, 2023

Sebi Plans To Rollout One Hour Trade Settlement: What It Means For Investor, Brokers

https://www.businessworld.in | Manthati Sai Kiran | Sept. 8, 2023

Rishi Agrawal, CEO and co-founder of Teamlease RegTech, expressed his concerns. He said, “Regulatory reporting obligations of key market participants, such as brokers, clearing corporations, depository institutions, and fund houses, will be affected. They must modify their technology systems from an end-of-day batch processing mode to hourly processing.”

Investors will have faster cash in hand as SEBI plans one hour trade settlement

http://www.smetimes.in | IANS | Sept. 7, 2023

Rishi Agrawal, CEO and Co-Founder, Teamlease RegTech said the change is great news for investors. In the T+1 settlement cycle, liquidity becomes available in a couple of days. With the hourly settlement, this cycle will be further crunched, making capital market investments even more attractive. In addition, the change will also free up a significant chunk of margin money that brokers maintain with the clearing corporation.

Investors will have faster cash in hand as SEBI plans one hour trade settlement

http://www.smetimes.in | IANS | Sept. 7, 2023

Investors will have faster cash in hand as SEBI plans one hour trade settlement

https://reporterpost.in | Admin | Sept. 6, 2023

Investors will have faster cash in hand as SEBI plans one hour trade settlement

https://www.sakshipost.com | SakshPost | Sept. 6, 2023

Investors will have faster cash in hand as SEBI plans one hour trade settlement

https://telanganatoday.com | IANS | Sept. 6, 2023

Investors will get faster settlement and they will have faster cash in hand. It is like having an UPI where transactions are settled quickly. It will mark a significant leap in transparency and efficiency in the Indian stock market offering investors real time access to their assets which will further attract resident investors in our stock market.

SEBI plans one hour trade settlement to accelerate cash flow for investors

https://theshillongtimes.com | The Shillong Times | Sept. 6, 2023

As per IANS, this move promises faster settlements and liquidity, akin to the efficiency of UPI transactions. It signifies a significant stride towards transparency and efficiency in the Indian stock market, providing investors with real-time asset access, thus attracting more resident investors.

Investors will have faster cash in hand as SEBI plans one hour trade settlement

https://www.zeebiz.com | IANS | Sept. 6, 2023

Rishi Agrawal, CEO and Co-Founder, Teamlease RegTech said the change is great news for investors. In the T+1 settlement cycle, liquidity becomes available in a couple of days.

Investors will have faster cash in hand as SEBI plans one hour trade settlement

https://www.newkerala.com | newkerala.com | Sept. 6, 2023

Investors will get faster settlement and they will have faster cash in hand. It is like having an UPI where transactions are settled quickly.

Investors will have faster cash in hand as SEBI plans one-hour trade settlement

https://www.greaterkashmir.com | Greater Kashmir | Sept. 6, 2023

Investors will get faster settlement and they will have faster cash in hand. It is like having an UPI where transactions are settled quickly.

SEBI To Introduce 1-Hour Trade Settlements By End Of This Fiscal

https://news.abplive.com | ABP News Bureau | Sept. 5, 2023

The SEBI is thinking of rolling out the one hour trade settlement for all investors by March next year, and is looking at a time frame of 6-8 months more for the instantaneous settlements

Compliance Technology: What Is It? How It Can Help Companies Adhere To Regulations

https://news.abplive.com | ABP News Bureau | Aug. 24, 2023

India is pushing digital boundaries like never before. As per the National Payments Corporation of India (NPCI), transactions via unified payments interface (UPI) touched the 9-billion landmark in May 2023, registering a jump of nearly 1 billion in one month and seeing a total amount of Rs 14.89 lakh crore. Thanks to affordable smartphones and relatively cheaper Internet, India is home to nearly 1.10 billion mobile users and around 690 million Internet users. While the numbers are worth a drumbeat, it also necessitates overwatch and enforcement of fair-use regulation among private and public institutions alike. To facilitate a seamless enforcement of compliance regulations, technology can offer a helping hand.

Tax Audit Deadline: Big News! Income tax audit submission deadline announced, taxpayers check immediately

https://www.informalnewz.com | Shyamu Maurya | Aug. 24, 2023

The government’s mandate for income tax audit among business firms and professionals crossing specific income limits shows commitment to financial transparency and accountability. This ensures the accuracy of financial records and ITR and reflects the reported income and expenses with the correct financial activities. Whereas, such audits also work to prevent tax evasion.

Tax Audit Deadline: The last date for submission of income tax audit has been announced, it is necessary to follow these income tax rules

https://hindi.economictimes.com | Rizwan Noor Khan | Aug. 24, 2023

The government's mandate for income tax audit among business firms and professionals crossing specific income limits shows commitment to financial transparency and accountability. This ensures the accuracy of financial records and ITR and reflects the reported income and expenses with the correct financial activities. Whereas, such audits also work to prevent tax evasion. Chartered accountant Sandeep Agarwal, director of financial regulation firm TeamLease RegTech, said tax audit reports prevent entities, companies from misrepresenting income or inflating expenses to reduce tax responsibilities. The government prevents tax evasion through audit of account books.

When is the last date to submit an income tax audit report?

https://economictimes.indiatimes.com | Neelanjit Das | Aug. 23, 2023

The government's mandate for income tax audits among businessmen and professionals crossing specific income thresholds demonstrates a commitment to financial transparency and accountability. This measure serves multifaceted purposes. Firstly, it ensures the accuracy of financial records and ITRs, aligning reported income and expenses with actual financial activities. Secondly, such audits act as a deterrent against tax evasion, discouraging entities from misrepresenting income or inflating expenses to lower tax obligations,” says Chartered Accountant Sandeep Agrawal, Director, TeamLease Regtech, a regulatory compliance technology company.

Rationalisation, Digitisation, Decriminalisation: How India Inc. is Embracing Compliance Technology

https://news.abplive.com | Sandeep Agrawal | Aug. 10, 2023

The digital revolution in India is gathering steam, with more and more services adopting technological solutions. What was once thought to be an impossible task is now a reality as everyone, from roadside vendors to pop-up shops to high-end shops and establishments, accepts payments via UPI. While our ears have gone numb with reports of record-breaking figures, NPCI reported 9.96 billion transactions worth Rs 15.3 trillion in July 2023, we must not forget that this growth is a result of increasing access and affordability. The average Indian is now connected to high-speed Internet via smartphones and wants instant delivery of goods and services.

Borrowing from a digital lending app? Spot the red flags first

https://www.moneycontrol.com | HIRAL THANAWALA | Aug. 2, 2023

The number of complaints against digital lending apps has more than doubled to 1,062 in FY23, the finance ministry told Lok Sabha in July 2023. Further, as per the National Crime Records Bureau (NCRB), the total number of cyber fraud cases, which includes frauds committed through online apps, stood at 14,007 in 2021, as per the latest available data.

Alco-beverage Industry encounters complexity of compliance to set up production units

http://www.fnbnews.com | FnB News | July 12, 2023

99 licences and 3000 annual compliances make life difficult for alco-bev units in India: Report

https://hospitality.economictimes.indiatimes.com | ET Hospitality World | July 12, 2023

Despite tall claims by the government about implementing Ease of Doing Business (EoDB) across sectors, a report by TeamLease Regech, a regulatory technology (RegTech) solution provider, has brought to light complexity associated with alco-beverage industry which mandates innumerable number of licences and registrations and annual compliances in the country.

Jan Vishwas Bill will pave way for decriminalisation of more offences: TeamLease RegTech's Rishi Agrawal

https://www.moneycontrol.com | Pallavi Singhal | July 12, 2023

According to the Economic Survey 2022-23, decriminalisation of minor economic offences under the Companies Act of 2013 has led to 400,000 companies willingly rectifying their past defaults to avoid penalties. Furthermore, after the reform, more than 1,400 default cases have been decided without going to a court of law.

Alco-Beverage Industry Faces Complex Compliance Challenges: Report

https://bwretailworld.businessworld.in | BW RETAIL WORLD BUREAU | July 12, 2023

The report finds that an enterprise needs at least 99 licenses and registrations under 67 Acts for setting up a manufacturing facility from scratch. While some of these licenses can be obtained within 15 days, a majority of licenses have no attached timeline for approval. As such, getting all required approvals may take anywhere between 3-4 years for an entrepreneur. According to the report, once the enterprise starts operations, it needs to adhere to over 3,000 compliance obligations in a year. These include maintenance of records, returns, and filings under the specific state excise policy; Food Safety & Standard Act, 2006 and Food Safety & Standard Rules, 2011; State Excise Bonded Warehouse Rules, and State Liquor Licence Rules, among others.

Enterprises need at least 99 licenses and registrations to set up manufacturing facility for alcoholic beverages: Reports Teamlease Regtech

https://newspatrolling.com | Pankaj Bansal | July 11, 2023

India is one of the fastest-growing alco-beverage markets in the world, with an estimated market size of $52.5 billion (2020) and is expected to grow at a CAGR of 6.8%. The alcohol consumer base is set to reach 386 million people in India by the end of the decade, with almost 13 million people reaching the legal drinking age in the country every year. The growing demand is mainly contributed by multiple factors such as rapid urbanisation, favourable demographics, changing social norms and consumer preferences, mainly among the younger population, rising disposable income for the middle-class population, and increased accessibility and availability.

Starting an alco-beverage enterprise needs at least 99 licenses

https://retail.economictimes.indiatimes.com | ET Retail Desk | July 10, 2023

According to the Indian Council for Research on International Economic Relations (ICRIER), India is one of the fastest-growing markets globally, with an estimated market size of $52.5 billion (2020), and is expected to grow at a CAGR of 6.8%. In 2022, the global alco-beverage market was estimated to be worth $1.55 trillion.

Enterprises need at least 99 licenses and registrations to set up manufacturing facility for alcoholic beverages: Reports Teamlease Regtech

https://cxotv.techplusmedia.com | CXO | July 10, 2023

Teamlease Regtech Explained Licensing and Regulatory Process to Set Up Manufacturing for Acoholic Beverages

https://smestreet.in | SMEStreet Edit Desk KR | July 10, 2023

OBD2 Compliant 2023: What Is This Two-Wheeler Compliance Norm? Read This To Know Details

https://www.dnpindia.in | Sanjana Saini | July 9, 2023

The government has mandated OBD2 Compliant engines for two-wheelers in India. To reduce pollution levels, the government of India has taken this step and mandated the necessity of OBD2-compliant engines. This On-board diagnostic system is efficient in detecting technical failures in bikes or two-wheelers. This system is found in all modern cars and vehicles. With this OBD2 system, all components of a vehicle are monitored so that their performance can be tracked. Moreover, it can also be helpful to detect any technical glitch that may occur unexpectedly. As the government has passed a new norm for two-wheelers, Royal Enfield, the bike manufacturer updated its bikes as per this newly introduced norm. The government has introduced this now to make two-wheelers companies come up with vehicles that produce less carbon emission. The legendary two-wheeler manufacturer company, Royal Enfield has introduced its Classic 350, Himalayan, Interceptor 650, and Continental GT 650 bikes, which comply with OBD2 norm and E20 fuel.

Took PAN-Aadhaar linking too lightly? Now, Rs 6,000 fine awaits you - Here's why

https://www.timesnownews.com | ET Now Digital | July 7, 2023

As per government directive, if PAN has not been linked with Aadhaar by June 30, 2023, it will be tagged as in-operative. As a result, taxpayers might not be able to file income tax returns before July 31, 2023. All this is because, once the PAN becomes inoperative it will take a maximum of 30 days for it to become active again. In order to make an inoperative PAN operative, the concerned taxpayer will have to pay a fine of Rs 1,000.

ITR filing: Not linking PAN with Aadhaar can cost you Rs 6,000

https://economictimes.indiatimes.com | Neelanjit Das | July 7, 2023

Now that the deadline for PAN Aadhaar linking is over, your PAN card will be tagged as in-operative. So to make it operative again it takes a maximum of 30 days, during which time you may miss out the deadline for filing of your income tax return. Read on to find out what happens now.

Navigating compliance challenges: Empowering MSMEs for sustainable growth in advance of MSME Day 2023

https://timesofindia.indiatimes.com | Sandeep Agrawal | July 6, 2023

Micro, Small, and Medium Enterprises (MSMEs) are a vital source of economic growth, innovation, and job prospects in any country. In India, these resilient businesses are of paramount importance as they make up the very foundation of our economy. But they are also faced with various challenges, and the complexity of the business regulatory ecosystem does not help. As we celebrate International MSME Day, it is our duty to shed light on the important role these businesses play and address the urgent need to improve the ease of doing business for these entrepreneurs. By embracing digital solutions, we can pave the way for a more inclusive, competitive, and sustainable future for MSMEs in India and across the world.

AVACOM In Center: Sandeep Agrawal On TeamLease Regtech’s Role In Corporate Compliance And Risk Mitigation

https://techgraph.co | Krishna Mali | June 21, 2023

The in-house technology team at TL RegTech consists of experts in technology infrastructure and security. As an organization, we have adopted the latest technological practices to ensure security and availability. Business Continuity Plans (BCP) and Disaster Recovery Plans (DRP) have been put in place along with fully encrypted platforms (covering data at rest and in motion with AES 256-bit symmetric encryption). A variety of other internal activities are performed to manage security daily. These activities include designing network infrastructure to manage DDOS attacks and implementing web application firewalls among others. Furthermore, third-party security experts (such as CERT-IN-certified firms) conduct periodic reviews of all platforms, and we have also obtained global IT Security certification (SOC II).

Breaking Free from Paper Chains: Embracing Regtech for Efficient and Eco-Friendly Compliance

https://www.expresscomputer.in | Sandeep Agrawal | June 5, 2023

Enterprises today need robust and efficient compliance management systems that surpass manual record-keeping and filings. While traditional paper-based methods have proven insufficient, the introduction of technology has merely shifted the burden to spreadsheets and Word documents. What is truly needed is a centralized repository for documents and regulatory updates, that provides a streamlined approach to compliance management.

Running a retail company in India has high risk of getting imprisoned

https://economictimes.indiatimes.com | ET Online | May 31, 2023

The Teamlease Regtech report mentions a monograph titled 'Jailed for Doing Business', co-authored by Gautam Chikermane and Rishi Agrawal, which uncovers the nature and extent of the risks of imprisonment faced by entrepreneurs in the country. The monograph highlights that a sizable portion of compliance clauses criminalises procedural violations and technical lapses rather than serious offences involving willful harm. It illustrates that in many cases, there is an equivalence between punishment.

Growing India’s grossly untapped e-commerce market potential with ONDC

https://www.digiconasia.net | Swaminathan | May 31, 2023

ONDC will act as a catalyst for small retailers to grow and expand their businesses. The potential growth will expose them to the challenges related to compliance with a dynamic, fluid, and complex regulatory framework that requires stakeholders to straddle a tightrope of statutory and regulatory obligations. Sellers will need to abide by compliances around the maintenance of records of returns, refunds, cancellations, and Know Your Customer requirements, among others. In addition, they will also be required to adhere to compliance requirements around the collection and processing of personal data of users. Consequently, sellers will be required to put extra emphasis on data protection compliance obligations.

Less stringent compliances should govern Indian retail sector

https://www.bizzbuzz.news | Biz Buzz | May 30, 2023

Retail companies are also subject to a host of industry-specific requirements based on their product category. For outlets dealing in groceries and food items, the major regulations stem from the Food Safety & Standards Act, 2006 and Food Safety & Standard Rules, 2011; Food Safety and Standards (Licensing and Registration of Food Businesses) Regulations, 2011, and Food Safety and Standards (Packaging) Regulations, 2018, among others. These include ensuring that the food article being sold is not misbranded, unsafe, or sub-standard. In addition, there has to be a food safety board displayed at a prominent place, and the food items cannot be stored in metal or metal alloys of sub-standard quality, among others.

Over 3,000 rules for retail sector to follow, 37% bring risk of jail time

https://www.business-standard.com | BS Web Team | May 30, 2023

The report titled 'Simplifying Compliance Management for the Retail Industry' looks into the challenges faced by the retail sector, especially when operating as an organised business. The report provides insights into compliance-related complexities and challenges faced by entrepreneurs and employers in the retail sector. The report assumes significance since the government has reiterated the success of its ease of doing business initiatives.

Squeeze of doing business: Indian retailers face over 3,000 regulations, a third bring risk of jail time

https://theprint.in | TCA SHARAD RAGHAVAN | May 29, 2023

The government has been trying to enhance the ease of doing business in India, but a new report has found that companies operating in the retail sector have to ensure that they comply with more than 3,000 regulations, with 37.5 per cent of these inviting jail-time in case of non-compliance.

Trailblazing Technology-Enabled Companies Shaping Industries for a Digital Future

https://www.itvoice.in | Sherwin Shaju | May 26, 2023

In today’s fast-paced digital era, technology plays a pivotal role in shaping the way businesses operate and engage with their customers. Amidst this transformative landscape, a select group of innovative companies have emerged as trailblazers, leveraging technology to disrupt traditional norms and revolutionize their respective industries. From enhancing customer experiences and simplifying compliance to fostering financial inclusion and fortifying cybersecurity, these five technology-enabled companies are leading the charge towards a more efficient and interconnected future.

MSME ministry makes Aadhaar authentication for informal micro units voluntary to boost Udyam registration

https://www.financialexpress.com | Sandeep Soni | May 25, 2023

Ease of doing business for MSMEs: The notification followed the proposal submitted by the MSME ministry to the central government for the Aadhaar authentication “in the interest of good governance, preventing leakage of public funds, promoting ease of living of residents and enabling better access to services for them

How AI technology changing the face of different industries

https://www.bizzbuzz.news | Kumud Das | May 25, 2023

The rise of AI in the regulatory landscape is significantly redefining the way regulators are enforcing the law and businesses are managing compliance obligations. Such technologies become more relevant considering the existing complex and spread compliance ecosystem with thousands of compliances and filings coupled with constant changes to the regulatory environment published across 2,233 government websites at the central, state, and municipal levels.

Rationalising, digitising, decriminalising regulations key to ease of doing business for MSMEs

https://www.financialexpress.com | Sandeep Agrawal | May 13, 2023

India’s Micro, Small, and Medium Enterprises (MSME) sector employs more than 110 million people and covers over 63 million MSMEs. The micro segment alone accounts for 99 per cent of the total enterprises and 97 per cent of the total employment. MSMEs are a critical pillar of economic growth for remote and backwater areas, with 51 per cent of the enterprises belonging to rural areas. The significance of these establishments cannot be understated, and as such, it is imperative to understand the challenges and obstacles they face.

Role of AI technology in different sectors

https://contentmediasolution.com | Sandeep Agrawal | May 11, 2023

How TeamLease RegTech helping cos meet regulatory compliance on time, save money

https://www.bizzbuzz.news | Kumud Das | May 11, 2023

Sandeep Agrawal, Director & Co-Founder, TeamLeaseRegTech in an exclusive interview with Bizz Buzz, says, “In this age of automation, organisations need to actively pursue digitisation as a key component of their compliance goals. The switch to digital compliance management can help employers create an automated process around compliance management and ensure real-time monitoring and accurate and cost-effective compliances”

National Technology Day 2023 Live Updates: Technology transforming industries

https://www.thehansindia.com | Sandeep Agrawal | May 11, 2023

AI is redefining the way regulators enforce laws and businesses manage compliance obligations. AI-powered platforms can analyze regulatory data, identify non-compliances, and support regulators in being more proactive and efficient in law enforcement. This reduces the need for physical audits and inspections and helps businesses stay compliant in real-time, reducing manual intervention and costs. Adoption of such platforms needs to be encouraged for end-to-end digitalization of regulatory obligations.

Role of AI technology in different sectors

http://businessnewsthisweek.com | Sandeep Agrawal | May 11, 2023

AI-powered platforms can analyze regulatory data submitted by businesses via various filings and digital submissions thereby supporting the regulators in real-time identification of specific non-compliances and patterns highlighting potential areas of investigation. With the help of such platforms, Regulators can be more proactive and efficient in law enforcement thereby significantly eliminating the need for physical audits/inspections.

Role of AI technology in different sectors

https://mediabulletins.com | Sandeep Agrawal | May 11, 2023

Role of AI technology in different sectors

https://onlinemediacafe.com | Sandeep Agrawal | May 11, 2023

Role of AI technology in different sectors

http://pr.shreyaswebmediasolutions.com | Sandeep Agrawal | May 11, 2023

Labour Day: India's bid to ape China is caught up in archaic laws

https://economictimes.indiatimes.com | Anand JC | May 1, 2023

“India's current labour laws are strewn with redundancy, and overlap, creating a high compliance burden. Although many states have already issued rules and draft notifications are available, the government has yet to implement the new labour codes,” said Rishi Agrawal, CEO and Co-founder of Teamlease Regtech.

Budget 2023: Will small businesses’ expectations fulfilled this time; here’s key points

https://businessconnectindia.in | Business connect India Admin | April 20, 2023

Over the course of the last six years, DPIIT has recognised more than 84,000 businesses under the Start Up scheme, creating employment for more than 0.86 million individuals in India. Although the existing system has numerous advantages, entrepreneurs still have to deal with a number of real-world problems. Union Budget 2023 should take into consideration increasing the “Tax Exemption” period from 3 years to 5 years without limiting the number of years within which a start-up can enjoy or claim the exemption. According to Sandeep Agrawal, director and co-founder of Teamlease Regtech, start-ups are now unable to take use of this benefit, as evidenced by the fact that only 993+ enterprises out of more than 84,000 businesses have done so.

Streamlining compliance management for logistics and supply chain

https://www.itln.in | Rishi Agrawal | April 15, 2023

Logistics is an inherently crucial component that keeps a country’s economy functioning. A robust logistical infrastructure guarantees that resources are gathered, stored, transported, and delivered efficiently. It involves all facets of the supply chain including storage, warehousing, transport, packaging, unitisation, inventory management, and distribution among others. The industry accounts for around 14% of GDP with over 22 million people reliant on it for their livelihood. It is expected to reach a market valuation of $215 billion by 2024. The warehousing sector on its own is set to reach $20 billion in the next 2 years.

Streamlining compliance management for logistics and supply chain

https://www.itln.in | Rishi Agrawal | April 15, 2023

Uptick in automation deals may hit customer support business

https://www.informistmedia.com | Reshab Shaw | April 13, 2023

As such older jobs will be impacted but at the same time (it) will be replaced by new technologies and new jobs for skilled and specially trained workers," says Rishi Agrawal, chief executive officer and co-founder of IT services and consulting firm TeamLease Regtech.

Importance of technology-backed procedure to manage a compliance program

https://timesofindia.indiatimes.com | Sandeep Agrawal | April 4, 2023

The Indian economy is the 5th largest in the world by GDP and 3rd largest by PPP (Purchasing Power Parity) and is expected to grow at 7% in FY24. This puts it on track to reach $10 trillion by 2030. This growth will see businesses grow and new companies come into existence. This puts the spotlight on the ease of doing business and the business laws of the country. As such, it is important for enterprises to invigorate compliance management and introduce technology-backed transformation.

Moneycontrol Policy Next | Govt should consider one integrated transport department under, create a single agency to look at logistics : Moneycontrol Panel on National Logistics Policy

https://www.moneycontrol.com | Money Control News | March 23, 2023

The central government should consider the integration of all transport departments under one entity in order to address all issues related to cargo movement and logistics in India, Vijay Chhibber, former secretary in the Ministry of Road Transport and Highways of India said. Speaking at the Moneycontrol Policy Next event in Delhi, the Director General, of Energy Power Transmission said that despite the efforts taken by the central government in the last few years to develop physical and digital infrastructure in the logistics industry in India, the implementation on the ground has not seen a massive transformation.

To prepare for the future of compliance automation, leadership practices should be put in place

https://www.expresscomputer.in | Sandeep Agrawal Director | March 14, 2023

Within 75 years of Independence, India has displaced its former colonizers to become 5th largest economy in the world. The 7% growth rate of the economy puts the country well on track to reach the $10 trillion mark by the end of the decade. This growth will be supported by a $1 trillion+ digital economy and a business-conducive environment that is centred around ease of doing business. As such, ensuring compliance is essential for businesses to operate and grow. This makes compliance management a critical business process. An adequate compliance management framework helps a business in maintaining transparency and cultivate the trust of the market in its capabilities.

SVB Collapse: Should Indian Startups Keep Deposits In India?

https://www.entrepreneur.com | S Shanthi | March 4, 2023

Several Indian startups have been having sleepless nights ever since the news came out. Though the regulators have stepped in to support, this has made startups revisit their future business strategies. A dilemma that has arisen in the startup ecosystem is whether Indian tech companies should keep their deposits in India.

Nearly 91% logistics and supply chain companies paid fines in last 12 months

https://infra.economictimes.indiatimes.com | ET Online | March 1, 2023

According to the latest Team Lease Regtech report, nearly 91% of surveyed logistics and supply chain companies have agreed about paying fines and penalties in the past 12 months.

Why were nine in 10 logistics firms fined for regulatory lapses?

https://www.cips.org/ | Andrew Allen | March 1, 2023

The recently-introduced National Logistics Policy (NLP) aims to reduce the cost of logistics from the current 14% of GDP to 8% of GDP by 2030. Yet a huge number of registrations, approvals, licenses, permissions, consent orders and certifications are required for every warehouse – making compliance difficult to achieve. Even those companies which operate in a single state with one warehouse and a corporate office are required to comply with 648 regulations. As companies expand in reach and scale the paperwork expands significantly, the report said.

Employer compliance needs thorough reexamination, says report

https://hr.economictimes.indiatimes.com | HR World PTI | March 1, 2023

The logistics sector will significantly benefit from the National Logistics Policy : CEO of Teamlease Regtech

https://indiashippingnews.com | India Shipping News | March 1, 2023

According to Rishi Agrawal, CEO and Co-Founder of Teamlease Regtech, the logistics sector will significantly benefit from the National Logistics Policy. He noted that the country is already starting to see the policy’s benefits. “The NLP will comprise four major steps including integration of digital systems (IDS), unified logistics interface platform (ULIP) and ease of logistics along with the systems of improvement goods. So some of the work is already getting done, the country is already starting to see some benefit of it,” he said. Agrawal explained that a single entity has to deal with multiple compliances in India, which makes it challenging to conduct business efficiently. However, with the National Logistics Policy’s introduction, the logistics sector can expect a more streamlined process, and the compliance burden will reduce.

Latest News | Employer Compliance Needs Thorough Reexamination, Says Report

https://www.latestly.com | Latestly | March 1, 2023

Criminal penalties in business laws should be used with extreme restraint. Misdemeanours such as procedural lapses and technical non-compliances should be punished with financial penalties only whereas criminal penalties should be retained only for serious crimes involving intentional harm. All imprisonment clauses must go through legislative scrutiny at least once in five years, the report suggested. For this, sunset clauses can be introduced in the legislative process to ensure either the renewal or termination of imprisonment clauses depending on their need and relevance in light of the evolving business climate.

91% OF LOGISTICS, SUPPLY CHAIN COMPANIES HAVE PAID FINES, PENALTIES IN PAST 12 MONTHS: STUDY

https://startup.outlookindia.com | Outlook Start-Up Desk | March 1, 2023

The report highlights the role of the logistics industry in the economy. It employs 22 million people and is on track to reach a valuation of $215 billion in the next two years. The National Logistics Policy (NLP) was recently introduced to address the infrastructure and policy gaps in the industry. The objective of this policy is to reduce the cost of logistics from the current 14 per cent of gross domestic product (GDP) to 8 per cent of GDP by 2030.

Employer compliance needs thorough reexamination, says report

https://economictimes.indiatimes.com | Economic times | Feb. 28, 2023

Teamlease Regtech releases ‘Simplifying Compliance Management For The Logistics & Supply Chain Industry’ report

https://konexionetwork.com | Konexion Network Correspondent | Feb. 28, 2023

Teamlease Regtech, India’s leading Regulatory Technology (Regtech) solutions company, has released its report titled ‘Simplifying Compliance Management for The Logistics & Supply Chain Industry’. The report examines sectoral concerns and gives an overview of the regulatory environment for the logistics and supply chain industry. It suggests specific action items that can help enterprises manage their compliance requirements more effectively.

83% logistics firms missed at least one critical compliance, 91% paid fines in last 12 months: Report

https://www.itln.in | Indian Transport and Logistics News | Feb. 28, 2023

The report examines sectoral concerns and gives an overview of the regulatory environment for the logistics and supply chain industry. It suggests specific action items that can help enterprises manage their compliance requirements more effectively. The report highlights the crucial role of the logistics industry in the economy.

Nearly 91% logistics and supply chain companies paid fines in last 12 months: Teamlease

https://economictimes.indiatimes.com | ET Online | Feb. 28, 2023

According to the latest TeamLease Regtech report, nearly 91% of surveyed logistics and supply chain companies have agreed about paying fines and penalties in the past 12 months.

National Logistics Policy will bring ease of logistics, says Teamlease Regtech

https://www.cnbctv18.com | Parikshit Luthra | Feb. 28, 2023

The introduction of the National Logistics Policy is a significant step towards streamlining the logistics sector and enhancing its growth potential. The policy's positive impact will help reduce the compliance burden on the sector and create a more efficient process, which will benefit various industries dependent on it. If executed well, the National Logistics Policy could play a vital role in India's economic growth, making it an essential policy for the country's long-term future.

Employer compliance needs thorough reexamination: Report

https://psuwatch.com | PSU WATCH BUREAU | Feb. 28, 2023

The report released by Teamlease Regtech, a regulatory technology (Regtech) solutions company, examines the sectoral concerns and gives an overview of the regulatory environment for the logistics and supply chain industry. There is a lot of duplication, redundancy and overlap across compliances, the report noted and recommended that a detailed analysis of such opportunities should be conducted.

Teamlease Regtech releases Report on Logistics & Supply Chain Industry

https://www.ecargolog.in | Ecargolog | Feb. 28, 2023

The report highlights the crucial role of the logistics industry in the economy. It employs 22 million people and is on track to reach a valuation of $215 billion in the next two years. The National Logistics Policy (NLP) was recently introduced to address the infrastructure and policy gaps in the industry. The objective of this policy is to reduce the cost of logistics from the current 14% of GDP to 8% of GDP by 2030. In addition, there has been a renewed focus on implementing technological solutions to push paperless trade operations and place India within the top 25 on the Logistics Performance Index (LPI).

Navigating Compliance Turbulence: Lessons from Aviation’s Regulatory Frontiers

https://travelbizmonitor.com | Rishi Agrawal | Feb. 15, 2023

In the ever-evolving landscape of civil aviation, recent fines imposed by the Directorate General of Civil Aviation (DGCA) have underscored a pivotal challenge for the industry: maintaining compliance amidst a sea of complex regulations and standards. The aviation sector, known for its stringent regulatory environment, demands that organisations not only keep abreast of the latest directives but also integrate robust systems to ensure unwavering compliance. The recent actions taken by the DGCA against non-compliance scenarios have brought to light the urgent need for a systemic overhaul in how aviation giants manage and adhere to regulatory requirements.

Trends That Will Shape India's Deeptech Sector This Year

https://www.entrepreneur.com | S Shanthi | Feb. 14, 2023

Many macro conditions have come as a blessing in disguise for India's deeptech industry. For instance, the pandemic has resulted in an increased awareness towards sustainability, which has opened up doors for more deeptech use cases in the electric vehicle (EV) and climate change industries. The increased adoption of technology during lockdowns has paved the way for the adoption of artificial intelligence (AI), machine learning, internet of things, big data and robotics across sectors. Many deeptech startups are thus able to find the right product-market fit in India today.

ELI - 325 | Rishi Agrawal (Co-founder of TeamLease Regtech - Regulatory Technology solutions)

https://www.youtube.com | ELI | Feb. 10, 2023

How TeamLease RegTech is supporting India Inc to be compliant

Union Budget 2023: Decriminalisation proposal can make investors gung-ho about doing business

https://economictimes.indiatimes.com | Shariq Khan | Feb. 2, 2023

The Jan Vishwas Bill will alleviate deeply ingrained colonial hostility against India’s entrepreneurs and proposes to decriminalise 42 laws, says Rishi Agrawal, CEO and Co-Founder of TeamLease RegTech. "Currently, 2 out of every 5 employer compliances have a provision for jail term going up to 10 years. There are 26,134 such provisions," he says.

Budget 2023 Reactions: Kotak Mahindra Asset Management Company MD lauds 'Baahubali budget'

https://www.livemint.com | Live Mint | Feb. 2, 2023

"Today’s Union Budget has made 05 announcements under the individual tax category. Most of these announcements aimed at making the New Tax regime more attractive for middle class salaried individuals. The Budget proposed 05 Tax Slabs (as against the 06 Slabs) and also increased the income limits under each slab thereby reducing the tax liabilities for individuals earning up to Rs. 15 Lakhs. The budget also provided an additional benefit of Rs. 52,500 to individuals earning over Rs. 15 Lakh via introduction of Standard deduction under the New Tax regime."

Budget 2023 Reactions: Kotak Mahindra Asset Management Company MD lauds 'Baahubali budget'

https://www.livemint.com | Live Mint | Feb. 2, 2023

Budget 2023 Reactions: Kotak Mahindra Asset Management Company MD lauds 'Baahubali budget'

https://www.livemint.com | Live Mint | Feb. 2, 2023

Budget 2023 Reactions: Kotak Mahindra Asset Management Company MD lauds 'Baahubali budget'

https://www.livemint.com | Live Mint | Feb. 2, 2023

Tiresome rules out,trust-based model in

https://www.livemint.com | Gulveen Aulakh & Shashank Mattoo | Feb. 2, 2023

While I eagerly await the fine print, continued focus on decriminalization of employer compliance via the Jan Vishwas bill is expected to mitigate deeply ingrained colonial hostility against India’s entrepreneurs. There is a clear push towards building a trust-based governance model," said Rishi Agrawal, CEO and co-founder of Teamlease Regtech.

रोजगार और स्टार्टअप को बढ़ाने वाला बजट, विशेषज्ञों ने सराहा

https://zeenews.india.com | Zee Up, Uttarakhand | Feb. 2, 2023

टीमलीज रेगटेक सीईओ ऋषि अग्रवाल का कहना है कि पूंजीगत खर्च बढ़ाने के साथ ये रोजगार बढ़ाने वाला बजट है. सरकारी खर्च बढ़ने से रोजगार बढ़ेंगे. इसमें स्टार्टअप एवं एमएसएमई को प्रोत्साहन है. कारोबार में आसानी के कदम उठाए गए हैं.

Budget 2023: Income tax slabs changed under new tax regime

https://www.business-standard.com | Business Standard | Feb. 1, 2023

Sandeep Agrawal, director and co-founder of Teamlease Regtech said, "Union Budget 2023-24 has reduced the tax liabilities for middle class individuals with revisions to the number of tax slabs (reduced from 6 slabs to 5 slabs) & increase in the limits within each slab in the new tax regime. Now, an individual with an annual income up to Rs 3 Lakh will not have to pay any tax (as against an earlier limit of Rs 2.5 lakh). Further, it proposes a 5 per cent tax for Income between 03 – 06 lakh, 10 per cent for income between 06 – 09 lakh, 15 per cent for income between 09 – 12 lakh, 20 per cent for income between 12 – 15 lakh and 30 per cent above Rs 15 lakh. This will result in around 25 per cent reduction in tax liability for individuals with income up to Rs 9 lakh and around 20 per cent reduction in tax liability for individuals with income up to Rs 15 lakh."

New Tax Regime: Definition, advantages and disadvantages explained

https://www.livemint.com | Saurav Mukherjee | Feb. 1, 2023

Sandeep Agrawal, Co-Founder and Director, TeamLease RegTech: Today’s Union Budget has made 05 announcements under the individual tax category. Most of these announcements aimed at making the New Tax regime more attractive for middle class salaried individuals. The Budget proposed 05 Tax Slabs (as against the 06 Slabs) and also increased the income limits under each slab thereby reducing the tax liabilities for individuals earning up to Rs. 15 Lakhs. The budget also provided an additional benefit of Rs. 52,500 to individuals earning over Rs. 15 Lakh via introduction of Standard deduction under the New Tax regime

Budget 2023 | Tax rebate limit raised to Rs 7 lakh under new regime — Check proposed slabs here

https://www.cnbctv18.com | Anshul | Feb. 1, 2023

Hailing the changes, Sandeep Agrawal Director & Co-founder at Teamlease Regtech said that this will result in around 25 percent reduction in tax liability for individuals with income up to Rs 9 lakh and around 20 percent reduction in tax liability for individuals with income up to Rs 15 lakh.

Budget 2023: No income tax up to Rs 7 lakh under new tax regime

https://www.newindianexpress.com | Express News Service | Feb. 1, 2023

Sandeep Agrawal Director & Co-founder Teamlease Regtech said this (new tax regime) will result in around 25% reduction in tax liability for individuals with income up to Rs 9 lakh and around 20% reduction in tax liability for individuals with income up to Rs 15 lakh. Professor Anil Sood, who did the math for The New Indian Express' shadow budget, said all the changes in Income Tax rates are for encouraging the New Tax Regime. Salary earners have a greater relief in the form of increased standard deduction limit and leave encashment, he added.

Standard deduction, default tax regime and other Budget 2023 proposals that change your cash in hand

https://economictimes.indiatimes.com | ET Online | Feb. 1, 2023

The Budget has reduced the tax liabilities for middle class individuals with revisions to the number of tax slabs (reduced from 6 slabs to 5 slabs) & increase in the limits within each slab in the new tax regime," said Sandeep Agrawal Director & Co-founder Teamlease Regtech. Now, an individual with an annual income up to Rs. 3 Lakh will not have to pay any tax, as against an earlier limit of Rs. 2.5 Lakhs.

Budget 2023: Credit Guarantee Scheme For MSMEs Gets BIG Boost! Details Here

https://www.india.com | India.com Business Desk | Feb. 1, 2023

From an ease of doing business perspective, this looks like a dream budget clearly acknowledging that ease of compliance is a key economic lever. It signals a technology-led transition towards paperless compliance. I am particularly excited about numerous references to ease of compliance via rationalisation and digitisation in the budget speech. While I eagerly await the fine print, continued focus on decriminalization of employer compliance via the Jan Vishwas bill is expected to mitigate deeply ingrained colonial hostility against India’s entrepreneurs. There is a clear push towards building a trust based governance model. Extending the scope of Digi-Locker to include business entities is a welcome step towards digitizing compliance. The proposal to use PAN as a common identifier is another great step towards creating a unique enterprise identity. This will eliminate the need to have over 20 different enterprise identities in the current environment. A system of unified filing process is proposed to be set up obviating the need for separate submission of same information to different agencies, reducing inefficiency and duplication of effort”, commented Mr. Rishi Agrawal, CEO & Co-Founder, TeamLease RegTech

CLOSING BELL: Sensex, Nifty Tumble After Gaining Spree Post-Budget. Adani Enterprises Falls 26%

https://www.india.com | Sankunni K | Feb. 1, 2023

From an ease of doing business perspective, this looks like a dream budget clearly acknowledging that ease of compliance is a key economic lever. It signals a technology-led transition towards paperless compliance. I am particularly excited about numerous references to ease of compliance via rationalisation and digitisation in the budget speech. While I eagerly await the fine print, continued focus on decriminalization of employer compliance via the Jan Vishwas bill is expected to mitigate deeply ingrained colonial hostility against India’s entrepreneurs. There is a clear push towards building a trust based governance model. Extending the scope of Digi-Locker to include business entities is a welcome step towards digitizing compliance. The proposal to use PAN as a common identifier is another great step towards creating a unique enterprise identity. This will eliminate the need to have over 20 different enterprise identities in the current environment. A system of unified filing process is proposed to be set up obviating the need for separate submission of same information to different agencies, reducing inefficiency and duplication of effort”, Mr. Rishi Agrawal, CEO & Co-Founder, TeamLease RegTech

Union Budget 2023-24: LIVE UPDATES from Parliament

https://www.barandbench.com | Bar & Bench | Feb. 1, 2023

Budget 2023: Income Tax Slabs Revised; How It Works

https://www.india.com | Snigdha Choudhury | Feb. 1, 2023

Reacting on the new income tax slabs announced by Sitharaman today, Sandeep Agrawal, Director & Co-founder Teamlease Regtech, told India.com that Union Budget 2023-24 has reduced the tax liabilities for middle class individuals with revisions to the number of tax slabs (reduced from 6 slabs to 5 slabs) and increase in the limits within each slab in the new tax regime.

Budget 2023: New tax regime is now the default tax regime, FM Sitharaman says

https://www.businesstoday.in | Basudha Das | Feb. 1, 2023

The middle-class salaried individuals in India have been expecting a reduction in their tax liabilities. The Union Budget 2023-24 has revisited the tax slabs, which have been reduced from six slabs to five slabs, and increased the limits within each slab in the new tax regime. This will result in around 25 per cent reduction in tax liability for individuals with income up to Rs 9 lakh and around 20 per cent reduction in tax liability for individuals with income up to Rs 15 lakh," said Sandeep Agrawal Director and co-founder Teamlease Regtech.

Budget 2023: Will small businesses’ expectations fulfilled this time; here’s key points

https://businessconnectindia.in | Anurag Tiwari | Jan. 30, 2023

Budget 2023 Expectations Highlights: Tamil Nadu textile industry seeks export incentives in wake of Ukraine crisis, Europe slowdown

https://economictimes.indiatimes.com | Economic Times Live Blog | Jan. 24, 2023

Union Budget 2023 shall aim at policies and reforms which can significantly boost domestic demand and consumption. There are many ways to achieve this objective but considering constantly increasing urban salaried jobs, one of the important steps which the current Government shall pursue is revisions to the tax slabs for individual taxpayers. I believe that the current Government will consider implementing the Direct Tax Codes and significantly enhance the tax slabs for Individuals (10% up to INR 10 Lakhs, 20% up to INR 20 Lakhs and 30% in excess of INR 20 Lakhs). These slabs will significantly reduce the tax liabilities for Individuals and will lead to increase in in-hand surplus and spending power of consumers which in turn will result in increased demand and higher economic growth

Tectonic Shift In The Fintech Sector After RBIs Recent Digital Lending Guidelines

https://www.cioandleader.com | Rishi Agrawal | Jan. 20, 2023

The Indian Fintech sector is leading the global Fintech revolution accounting for over 40% of the world’s digital transactions. It has emerged as a disruptive sunrise industry that is set to make financial services accessible, simple, and cost-effective. The industry clocked more than 74 billion transactions in 2022. This technology-led innovation is making banking and credit services available to the underbanked and unbanked. Recently, the country has seen a proliferation of fintech start-ups offering a suite of financial services digitally. These start-ups typically collaborate with a Regulated Entity (conventional financial institutions) and offer similar services via digital technologies. However, they fell outside the purview of RBI regulations leading to instances of mis-selling, breaches of privacy, unfair business practices, exorbitant interest rates, and unethical recovery practices.

Startup India Action Plan 2O16: the Hits And Misses

https://www.entrepreneur.com | S Shanthi | Jan. 20, 2023

Self-Certification based Compliance Regime is aimed at reducing the compliance burden of startups. Entrepreneurs are often unaware of the regulatory obligations of their new businesses. This can result in these enterprises being subjected to intrusive actions by regulatory agencies. Self-certification simplifies the compliance process and makes it flexible and friendly. Startups can self-certify for their compliance obligations under the 9 labor and 3 environment laws for 3 to 5 years," Rishi Agrawal, CEO and co-founder, TeamLease RegTech.

NBFC's have performed well in providing loans to unbank and underbanked sections TeamLease RegTech Report

https://startup.outlookindia.com | Outlook Startup Desk | Jan. 19, 2023

According to the report, more than 9000 registered NBFCs in India provide credit services to the underserved sections of the economy. These institutions have performed well in deepening credit to the underbanked and the unbanked sections of society. The report also highlights that compliance management remains a massive challenge due to the lack of an accurate and updated list of applicable compliance. It cites that 94 per cent of the compliance officers at NBFCs believe they don’t have the required visibility and control in their organization's compliance program.

Budget 2023 : Indian shadow lenders call for rescue route from cumbersome compliance maze

https://economictimes.indiatimes.com | ET Online | Jan. 19, 2023

Union Budget 2023: Most NBFCs believe they don’t have the required visibility and control in their organization's compliance program, according to report from TeamLease Regtech. The compliance challenge also abates NBFCs expansion process. The ad-hoc, paper-based, and people-dependent processes fail to scale due to these compliance codes. India's upcoming Budget thus has a task in hand to ease the cumbersome compliance burden.

92% NBFCs Missed At Least One Critical Compliance In 12 Months: Survey

https://www.businessworld.in | Business World | Jan. 19, 2023

Rishi Agrawal, CEO, Co-founder, TeamLease Regtech said, “The NBFC sector is one of the key drivers of growth in the Indian economy. It serves a section of society that is not usually catered to by commercial banks. The report delves into the regulatory ecosystem of NBFCs to give readers an insight into the complexity of the compliance landscape. Agrawal added that it points out the challenges and inefficiencies in the present compliance processes adopted by these financial institutions. It also proposes recommendations that will allow these companies effectively manage their compliance obligations with the help of digital processes.”

After China+1, global corporations now mull over ‘Minus China’

https://economictimes.indiatimes.com | Shariq Khan | Jan. 18, 2023

Global manufacturers are considering plans to completely withdraw from China as issues related to Covid, labour and geopolitical tensions make the “world’s factory” less and less attractive. If India can quickly grab the opportunity, it can position itself as the next factory of the world.

NBFCs struggle to manage compliance obligations. Here's a guideline to get rid of it

https://www.livemint.com | Saurav Mukherjee | Jan. 18, 2023

Commenting on the report – simplifying compliance management for NBFCs in India, CEO and co-founder of TeamLease Regtech Rishi Agrawal said, "The NBFC sector is one of the key drivers of growth in the Indian economy. It serves a section of society that is not usually catered to by commercial banks. The report delves into the regulatory ecosystem of NBFCs to give readers an insight into the complexity of the compliance landscape."

Industry leaders celebrate ‘National Startup Day’ today | Top quotes

https://www.livemint.com | Alka Jain, Sourav Mukherjee | Jan. 17, 2023

The Indian startup ecosystem ranks 3rd globally and has seen tremendous growth in the past decade. We now have more than 77,000 registered startups with over 100 unicorns. Looking beyond these numbers we find an intricate and dynamic web of laws and compliances that have to be complied with by these enterprises. A total of 1,536 acts and 69,233 compliance requirements govern doing business in India.

Industry leaders celebrate National Startup Day: Here’s what they said

https://timesofindia.indiatimes.com | Times of India | Jan. 17, 2023

In 2022, Prime Minister Narendra Modi announced that January 16th would be celebrated as National Startup Day to promote the startup culture at the grassroots level. India is known as a hub for startups, and government initiatives like this one help to further encourage innovation across various sectors. To celebrate National Startup Day and the Indian startup ecosystem, the Department for Promotion of Industry and Internal Trade (DPIIT), within the Ministry of Commerce and Industry, is organizing the Startup India Innovation Week. The initiative will bring together successful entrepreneurs to collaborate, innovate, and excel. Here are some views from startup founders on this special day.

Industry leaders celebrate National Startup Day: Here’s what they said

https://timesofindia.indiatimes.com | Times of India | Jan. 17, 2023

Ending factory tyranny

https://www.financialexpress.com | Manish Sabharwal & Rishi Agrawal | Jan. 16, 2023

The divergent regulatory regime for manufacturing and services is a wonder- ful natural experiment that shows how good intentions can create painful and unintended consequences. Manufactur- ing only employs 11% of our labour force, the same as post-industrial America.The Factories Act of 1948 is a Central Act that combines with State Factory Rules to cre- ate excessive regulatory cholesterol for factories like Tata Motors, while TCS com- plies under the Shops and Establish- ments Act. The best way to understand the divergence between a software employer with 10,000 employees and a factory with 100 employees in Maha- rashtra is to dive into specifics.

Friend, the idea is good in the mind, but how to start...' Do you also have this problem? Learn startup tips from experts

https://navbharattimes.indiatimes.com | Rajesh Bharti | Jan. 15, 2023

Learn the steps to turn your idea into a successful startup in this blog post from Navbharat Times. Discover the key elements of idea validation, market research, and business planning to turn your vision into a reality. Whether you're a budding entrepreneur or simply curious about the startup process, this article offers valuable insights and practical tips for turning your idea into a thriving business.

You won't get a refund for professional tax paid at this income level

https://economictimes.indiatimes.com | Neelanjit Das | Jan. 3, 2023

Professional tax is a tax levied by the state government and the income tax act allows an deduction of professional tax actually paid from gross total income of the individual. Unlike TDS professional tax is not refunded if the individual's net income tax liability is less than the tax amount or nil.

Disrupting the startup ecosystem, these startups were at peak of their game in 2022

http://businessnewsthisweek.com | Mansi Praharaj | Dec. 30, 2022

Recently, a solution developed by TeamLease RegTech was launched by SEBI Chairperson Madhabi Puri Buch. This initiative with FICCI (Federation of Indian Chambers of Commerce & Industry) is a milestone event towards a paper-less, cash-less, and presence-less compliance.

Disrupting the startup ecosystem, these startups were at peak of their game in 2022

https://www.cxotoday.com | Narasimha Raju | Dec. 30, 2022

By 2026, India’s digital economy is expected to be worth $1 trillion. Data protection bill paving the way?

https://timesofindia.indiatimes.com/ | Rishi Agrawal | Dec. 29, 2022

We’ve seen our country’s consumer digital economy go through a 370% YoY growth in PE/VC (Private Equity/ Venture Capital) investments last year. The FoodTech market is expected to reach $1,515 billion by 2026 with a growth rate of 30% CAGR. It will be closely followed by the growing online grocery market which shows a potential of $1,311 billion in the same timeframe. This will fuel the digital payment sector and see it cross $1 trillion in transaction volume. It is forecasted that 44% of the payments will be through payment gateways and aggregators, 34% through QR codes, and 22% through POS (Point of Sale) machines.

Disrupting the startup ecosystem, these startups were at peak of their game in 2022

https://fyi9.com | Prateek Harshwal | Dec. 29, 2022

Rishi Agrawal co-authored a report Jailed for doing business. This monograph by the Observer Research Foundation and TeamLease RegTech presents a deep dive into ingrained criminality and jail term in India’ employer compliance. This report is being leveraged by Policy Makers in India to reduce criminality as a tool of control. Recently, a solution developed by TeamLease RegTech was launched by SEBI Chairperson Madhabi Puri Buch. This initiative with FICCI (Federation of Indian Chambers of Commerce & Industry) is a milestone event towards a paper-less, cash-less and presence-less compliance.

Top 5 Compliance Challenges for Automobile Companies

https://www.financialexpress.com | Rishi Agrawal | Dec. 26, 2022

Post the pandemic downturn, the automobile industry has experienced a noticeable surge in industry consumption. It is further anticipated to show substantial positive growth over the next few years. While the robust interest rates continue to uphold investment optimism within the automobile sector, certain key challenges remain intact.

75-year-old laws impeding ease of doing business in India: Expert

https://thefederal.com | The Federal | Dec. 24, 2022

The interview titled The core of our regulations was framed during colonial times In the story Mr. Rishi Agrawal CEO and Co-founder Teamlease Regtech is interviewed by Mr. K Giriprakash Business Editor, The Federal

Significance of Technology Infrastructure in optimizing Compliance Processes

https://www.expresscomputer.in | Sandeep Agrawal | Dec. 19, 2022

Technology is transforming the way we manage our day-to-day routines including our health, education, etc., and has also redefined the way businesses are managed today. In the last 5 decades, technological innovations for businesses can be classified into three phases. Sandeep Agrawal 1. Enterprise Applications; Introduced in the 1980s, these solutions were designed for specific business functions with limited applications. For Ex; Tally helped businesses shift from paper-based accounting (Bahi-Khata). 2. Business Process Management Suite; Introduced in the 2000s by Gartner, is referred to as enterprise solutions to automate repetitive activities and offer analytical capabilities. 3. Digital Process Automation; These solutions combine human elements with different software applications whilst using technologies like AI, ML & RPA. For example; Bank Account opening through a Mobile App with minimal manual engagement is a classic example.

Missed Advance Tax Payment On December 15? Now, Pay 1% Monthly Interest

https://www.outlookindia.com | Neelanjit Das | Dec. 17, 2022

According to Sandeep Agrawal, director and co-founder, Teamlease Regtech, a Maharashtra based compliance management software company, "I believe that the existing income tax system is not falling short but for sure the same can be further strengthened. The Regulator can consider strategy adopted by GST department in terms of the constant reminders / escalations to the assessee via emails and messages. This practice at least reminds the people for timely compliances. Although, all the Individuals / businesses are not required to pay advance Tax, still sending reminder emails / messages to everyone, provide a proactive intimation to the relevant assessee for the compliance requirement."

Start-up compliance load

https://www.telegraphindia.com | Sandeep Agrawal | Dec. 12, 2022

Compliance and regulatory requirements still remain a major challenge for start-up companies in India even as their numbers are on the rise. Sandeep Agrawal, director, and co-founder of Teamlease Regtech, while highlighting some of the challenges said that there is still scope to refine the compliance requirements for the early-stage companies and improve the ease of doing business.

Debates, deficits & 4.88 crore pending court cases

https://www.newindianexpress.com | By Shankkar Aiyar | Dec. 11, 2022

The rise in the number of cases also signals the need to clean up the legislative and regulatory landscape Rishi Agarwal of Avantis Regtech who tracks regulatory compliances points out that businesses are required to comply with 1,536 laws, 69,233 compliances and 6618 filings. There are 843 laws at the Centre and the States with over 26000 compliances which carry the threat of imprisonment. Juxtapose this on the multiplicity of ministries in any one domain – water for instance is governed by six ministries, health care by multiple ministries in the state and in the union government.

Top five businesses supporting the government’s aim of “Digital India”

https://www.cxotoday.com | CXO Today | Dec. 8, 2022

TeamLease RegTech is India’s leading regulatory technology company helping corporate India stay on the right side of the law. It enables a transparent, timely, and accountable compliance program for over 1500 entities across 45 industries in India. Co-founded by Sandeep Agrawal & Rishi Agrawal, TeamLease RegTech has developed a multi-tenant SAAS solution on the web and mobile platforms with smart analytics to help corporate India comply. Rishi Agrawal co-authored a report Jailed for doing business. This monograph by the Observer Research Foundation and TeamLease RegTech presents a deep dive into ingrained criminality and jail term in India’s employer compliance. This report is being leveraged by Policy Makers in India to reduce criminality as a tool of control. Recently, a solution developed by TeamLease RegTech was launched by SEBI Chairperson Madhabi Puri Buch. This initiative with FICCI (Federation of Indian Chambers of Commerce & Industry) is a milestone event towards paperless, cash-less, and presence-less compliance.

Top five businesses supporting the government’s aim of “Digital India

https://newspatrolling.com | Mahender | Dec. 6, 2022

Rishi Agrawal co-authored a report Jailed for doing business. This monograph by the Observer Research Foundation and TeamLease RegTech presents a deep dive into ingrained criminality and jail term in India’s employer compliance. This report is being leveraged by Policy Makers in India to reduce criminality as a tool of control. Recently, a solution developed by TeamLease RegTech was launched by SEBI Chairperson Madhabi Puri Buch. This initiative with FICCI (Federation of Indian Chambers of Commerce & Industry) is a milestone event towards paperless, cash-less, and presence-less compliance.

Top five businesses supporting the government’s aim of “Digital India

https://www.apnnews.com | Apn News | Dec. 6, 2022

Rishi Agrawal co-authored a report Jailed for doing business. This monograph by the Observer Research Foundation and TeamLease RegTech presents a deep dive into ingrained criminality and jail term in India’s employer compliance. This report is being leveraged by Policy Makers in India to reduce criminality as a tool of control. Recently, a solution developed by TeamLease RegTech was launched by SEBI Chairperson Madhabi Puri Buch. This initiative with FICCI (Federation of Indian Chambers of Commerce & Industry) is a milestone event towards paperless, cash-less, and presence-less compliance.

Top five businesses supporting the government’s aim of “Digital India

https://www.gadget-innovations.com | TECHNOVATION360 | Dec. 6, 2022

Decriminalisation of GST Act: Why it can be a big reprieve for small businesses in India

https://economictimes.indiatimes.com | Sandeep Agrawal | Dec. 5, 2022

The introduction of Goods and Services Tax (GST) was a bold step towards digital transformation of tax administration. GST introduced the concept of uniform tax on supply of goods and services and subsumed over 17 large taxes and 13 cess. The new system was framed to be much more transparent in nature, easy to monitor, administer, simplified the registration processes, and significantly reduce the compliance filing requirements.

Can effective risk management by corporates prevent litigation?

https://www.financialexpress.com | Sandeep Agrawal | Dec. 4, 2022

India is amongst the several emerging economies witnessing an economic revolution with continuous improvements in GDP growth, industrial productivity, per capita income supported by a large skilled workforce, policy reforms, and global investments. These growth opportunities bring along many threats which require detailed assessment and mitigation plans. Hence the ‘Vision’ for business transformation goes hand in hand with “Caution”.

Reducing the compliance burden

https://timesofindia.indiatimes.com | Times of India | Dec. 4, 2022

Over the past few years, India has made immense growth and progress in ease of doing business. And with the Government of India taking an initiative towards uniting the nation under its "Digital India" programme, India Inc has undoubtedly made progress toward using technology to tell a compelling tale. Businesses across sectors have started to understand that the cost of poor compliance is simply too high and hence effective compliance management has become a business imperative. Sandeep Agrawal, co founder and director of Team Lease RegTech, explains how TeamLease RegTech is helping India Inc. with compliance management.

From GST introduction to potential decriminalization: How does it impact businesses

https://www.financialexpress.com | Sandeep Agrawal | Dec. 3, 2022

Before the introduction of GST, indirect taxes were divided into several categories, including multiple central taxes like Central Excise, Service tax, Central Sales Tax, etc., and state-specific taxes like VAT, Entry Taxes, etc. While creating a complex regulatory framework, it also resulted in hefty penalties and dire consequences in cases of non-compliance. For instance, the non compliance with the Central Excise Act led to severe penal provisions, which include monetary and criminal provisos like imprisonment for three to seven years. Simultaneously, the regulators could bring criminal charges if the quantity of goods possessed by a business under schedule II i.e., tobacco, pan masala, rubber tires, etc., exceeds the prescribed limit. Evading tax liability or taking false credit of duty by the assesse were some of the other situations, which could lead to harsh penal provisions. Since a lot of compliances were interconnected, it made compliance obligations complex for businesses.

Budget 2023 must factor in geoeconomic infiltrations

https://www.orfonline.org | GAUTAM CHIKERMANE | Dec. 1, 2022

As Rishi Agrawal argues, every business should be given a unique enterprise number that will serve as its identity for all—repeat, all the 69,233—compliances, of which 26,134 carry imprisonment clauses. This number should be accepted by and applicable to all laws, rules and regulations at the Union level or in states. Such a system of doing business will increase the velocity and efficiency of G2C (government to company) communications, be it around setting up a plant, getting a bar licence or paying taxes—one number, one company, one nation.

Ease of Doing Business: Teamlease Regtech empowering corporates to be on the right side of the law

https://www.cxotoday.com | CXO Today News Desk | Dec. 1, 2022

Recently, FICCI launched its RegTech initiative to push for Cashless, Presenceless, and Paperless SEBI compliances. The initiative was launched by Ms. Madhabi Puri Buch, Chairman, SEBI in September of this year. In addition, the rationalization of compliance and regulatory requirements has been on the Government agenda as India is rushing towards the $5 trillion GDP milestone.

Top 5 companies reducing the compliance burden

https://newspatrolling.com | Mahendar | Nov. 28, 2022

In India, the government is focusing on reducing the compliance burden on businesses and citizens has the potential to become the new driver of economic growth. Reduced compliance burden will especially help small firms that account for over 95 percent of Indian businesses. The Make-in-India initiative is a strong component of raising growth and is focused on making India a global manufacturing hub. However, setting up a manufacturing facility in India is heavily front-loaded with getting permissions, licenses, registrations, and consent orders.

Top 5 companies reducing the compliance burden

https://www.cxotoday.com | CXO Today News Desk | Nov. 28, 2022

Rethinking compliance management: Why is it needed?

https://timesofindia.indiatimes.com | Rishi Agrawal | Nov. 28, 2022

With such a vast, dynamic and hostile compliance environment facing corporate India, effective compliance management has become a business imperative. If entrepreneurs and business leaders wish to stay on the right side of the law, compliance must be prioritised as an essential function. Even minor non-compliance can attract hefty financial and criminal penalties, besides causing revenue leakages and reputational loss. Businesses cannot afford to wait around for favourable policies to come into effect and must instead take matters into their hands. This necessitates a thorough rethinking of compliance management at an organisational level.

Regulatory maze for EVs

https://www.financialexpress.com | Financial express | Nov. 25, 2022

The number is projected to reach 50 million units by 2030. As the ecosystem matures, there are serious compliance implications.

Criminal provisions of Factories Act keep MSMEs wary

https://economictimes.indiatimes.com | Pavan Burugula and Neha Chaliwala | Nov. 15, 2022

Failing to display a gist of maternity law or failing to ‘limewash’ the washrooms on a timely basis can land factory managements in jail upto three years. Also, failure to constitute canteen management committee or not maintain spittoons carries 3-month sentence each.

Biz Laws: Time To Spare The Rod

https://www.fortuneindia.com | Joe Mathew | Nov. 9, 2022

The authors of the ORF report have given 10 recommendations that go much beyond restraint in use of criminal penalties in business laws. It wants to reform the way policies are designed and wants a regulatory impact assessment committee within the Law Commission of India. The report calls for involvement of independent economic regulators in compliance reforms, end to criminalisation of compliance procedures and creation of alternative mechanisms and frameworks. It has also suggested defining of standards for legal drafting and introduction of sunset clauses. One suggestion — to introduce all reforms through a single legislation — sounds similar to what DPIIT is attempting. A new legislation will not be the end of reforms. It will be part of a process that should continue. But it will be a big step forward.

Digital Ledger: How Companies Can Lay Groundwork For Better Blockchain Compliance

https://news.abplive.com | Rishi Agrawal | Nov. 2, 2022

What was once just a buzzword, used to define the workings of cryptocurrencies, has now taken a central stage. At the core of it, blockchain is a decentralised virtual ledger with the ability to record and verify digital transactions. The decentralised nature of blockchain ensures that the data stored cannot be tampered with as every node has a copy of the virtual ledger. To change an entry on the blockchain one has to alter all the subsequent transactions on all the nodes. This eliminates the need for verification and reconciliation of data.

How technology is transforming compliance in India

https://timesofindia.indiatimes.com | Rishi Agrawal | Nov. 1, 2022

Technology is transforming the world of Compliance. The proliferation and mass adoption of digital payments has laid the foundation for a cashless economy. A faceless assessment scheme is already implemented under the Income Tax Act, 1961, paving the way for adopting a similar approach in all other areas of employer compliance. The emergence of technologies such as blockchain is creating the required plumbing for a trustless ecosystem that assures the authenticity and integrity of the data. India’s digital economy is expected to become a trillion dollars soon, creating huge market opportunities in new economy sunrise industries such as gaming, crypto, and metaverse among others. Regulating and monitoring them will need new-age technology-based systems. It is time that the country reimagines its employer compliance with technology platforms to become a $10-trillion economy within the decade

Decoding Compliance Management in the pharma sector

https://issuu.com | Rishi Agrawal | Oct. 31, 2022

TeamLease RegTech re cently launched a first-of-its kind report "Simplifying Compliance Management for Pharmaceutical Companies" on the state of regulatory compliance in the pharma sector. It details the numer ous challenges encountered. by the industry and proposes actionable recommendations for reducing the compliance. obligations of pharma compa nies. It also supplements its findings with crucial industry insights, providing a unique insider perspective into the reforms needed for enabling ease of doing business in this pivotal sector.

Auto companies find compliance burden heavy: survey

https://economictimes.indiatimes.com | Nehal Chaliawala | Oct. 31, 2022

A manufacturing company in the automotive industry must deal with 489 central, state and local-level compliances, the report noted. These fall under the labour, EHS (environment, health & safety), corporate law, commercial law and finance and taxation law categories. In addition to this, there are industry-specific compliances for automakers.

Key Indian auto executives don't understand compliance obligations: Report

https://www.business-standard.com | Press trust of India : New Delhi | Oct. 30, 2022

Key management personnel in Indian automobile companies have a poor understanding of compliance obligations that can range from several hundred acts to thousands of rules depending on the size of the business, according to a report by TeamLease Regtech.

Key management personnel of Indian auto firms have poor understanding of compliance obligations

https://www.deccanherald.com | PTI New Delhi | Oct. 30, 2022

In the report 'Simplifying compliance management for automobile industry', TeamLease RegTech, a regulatory technology solutions firm, said with applicability of compliances changing based on location of manufacturing units, use of specific equipment .

Dynamic landscape. Compliance with regulation: Staying ahead is key

https://www.thehindubusinessline.com | Rishi Agrawal | Oct. 30, 2022

The Indian aviation sector is the seventh-largest market in the world. Its domestic air traffic accounts for 69 per cent of the total air traffic in South Asia. While these numbers might make one proud, what goes behind running such operations is, to put mildly, mind-boggling. Hundreds of rules and regulations need to be followed and there are about 400 changes notified every year, which needs to complied with and those who don’t are penalised heavily. So, let us dive into how tough this maze is to untangle.

How can Indians invest in the US stock market?

https://www.financialexpress.com | Rishi Agrawal | Oct. 19, 2022

For many investors, the US stock market has emerged as a preferred destination. The reasons are multifold. The US has the world’s strongest capital market, with a market capitalization of over US$48 trillion and more than 6,000 listed companies.

The challenge of keeping up with the regulators

https://ibsintelligence.com/ | Puja Sharma | Oct. 18, 2022

It has been fashionable in past years for any company to claim that it is doing compliance digitally. However, managing compliance is not easy. It requires time. It requires resources. It requires the expertise and knowledge of complex and changing legislation. Rishi Agrawal, CEO and Co-Founder of Teamlease Regtech warns that most companies simply don’t have the in-house capabilities to deal with this complexity.

A three-point guide for India on how to catch China's 'migrants'

https://economictimes.indiatimes.com | Manish Sabharwal & Rishi Agrawal | Oct. 12, 2022

India must choose the future generation over the old , loud and urban ( largely masculine ) workforce who have formal jobs and suggest job preservation is a form of job creation . Their self - interest is hardly national interest . Attracting China's ' factory migrants ' will create opportunities for labour market outsiders - rural youth , women , unskilled , farmers and the self - employed.

Life after an IPO: Unpacking the compliance obligations of a public company

https://timesofindia.indiatimes.com | | Oct. 9, 2022

In a public listed company, the compliance obligations spill over from a close group of senior executives to several thousand connected people, making compliance an onerous job. Strong internal processes and technology systems including Structured Digital Databases (SDDs) are key to managing high standards of corporate governance.

RBI Liberalised Remittance Scheme: How Indians can use LRS to invest, remit money abroad

https://economictimes.indiatimes.com | Rishi Agrawal | Sept. 22, 2022

With more porous geographical borders and an integrated global economy, the frequency of foreign transactions has grown tremendously. LRS facilitates such transactions in a seamless manner while also safeguarding the country's foreign exchange against instability. Residents and entrepreneurs alike should familiarise themselves with the nuances of LRS to have a hassle-free remittance experience and optimise their foreign exchange dealings.

5 RegTech organizations to watch out for

https://www.cxotoday.com | CXOtoday News Desk | Sept. 20, 2022

SEBI chief unveils FICCI drive to strengthen compliance

https://www.thehindu.com | The Hindu | Sept. 15, 2022

SEBI Chairperson Madhabi Puri Buch has unveiled Federation of Indian Chambers of Commerce & Industry’s (FICCI) initiative to strengthen compliance with a tech-based solution supported by TeamLease Regtech, a regulatory technology (Regtech) solutions company.

What the New Labour Codes mean for employees?

https://www.financialexpress.com | Rishi Agrawal | Sept. 15, 2022

The colonial-era labour laws designed to address the socio-economic exigencies of the time have outlived their welcome in the new era of development.

SEBI chairperson says every single policy it brings out is data-backed

https://aninews.in | ANI | Sept. 14, 2022

At the conference, the SEBI chairperson launched FICCI's ‘RegTech’ initiative in partnership with TeamLease RegTech to facilitate end-to-end automation of all SEBI compliances. This will digitize compliance for companies to stay on the right side of the law.

SEBI chairperson says every single policy it brings out is data-backed

https://theprint.in | ANI | Sept. 14, 2022

The SEBI chairperson launched FICCI’s ‘RegTech’ initiative in partnership with TeamLease RegTech to facilitate end-to-end automation of all SEBI compliances. This will digitize compliance for companies to stay on the right side of the law.

Trust, transparency & disclosure key imperatives for capital markets: SEBI Chairperson

https://www.equitybulls.com | Equity Bulls | Sept. 13, 2022

SEBI Chairperson launched FICCI's 'RegTech' initiative in partnership with TeamLease RegTech to facilitate end-to-end automation of SEBI compliances. This will digitize compliance for companies to stay on the right side of the law.

Trust, Transparency & Disclosure Key Imperatives For Capital Markets: SEBI Chairperson

https://tennews.in/ | Ten News Network | Sept. 13, 2022

SEBI Chairperson also launched FICCI’s ‘RegTech’ initiative in partnership with TeamLease RegTech to facilitate end-to-end automation of SEBI compliances. This will digitize compliance for companies to stay on the right side of the law.

SEBI Chairman says every single policy brought by him is data backed

https://news.bharattimes.co.in | ANI News Service | Sept. 13, 2022

At the conference, the Chairman, SEBI launched FICCI’s ‘RegTech’ initiative in partnership with TeamLease RegTech to facilitate end-to-end automation of all SEBI compliances. It will digitize compliance for companies to stay on the right side of the law.

Trust transparency disclosure key imperatives for capital markets sebi chairperson

http://www.uniindia.com | Business Economy | Sept. 13, 2022

Overregulation bred economic dwarfs who choose to fly under regulatory radar even if it restricts access to capital, talent

https://www.financialexpress.com | Rishi Agrawal | Sept. 3, 2022

Ease of Doing Business for MSMEs: For formal MSMEs and startups, the regulatory complexity lies not only in the number of compliance but also in the ongoing nature of compliances.

Bolstering cyber security in Indian digital economy

https://timesofindia.indiatimes.com | Rishi Agrawal | Aug. 28, 2022

The world is ever changing but technology is here to stay for the long haul. The penetration of digital services and tech processes has increased exponentially over the years while the understanding of cyber-related issues has remained limited. This has created deep vulnerabilities for both businesses and consumers. In this context, the new cybersecurity norms are a step in the right direction. They will provide impetus to robust digital infrastructure for ensuring cybersecurity awareness and preparedness. At the same time, they will protect the edifice of 21st-century businesses from collapsing at the mercy of malicious cyberattacks.

Accelerating growth in the Indian insurance sector: The EoDB approach

https://timesofindia.indiatimes.com | Rishi Agrawal | Aug. 21, 2022

The IRDAI has introduced two key regulatory reforms in the insurance sector. First, it has extended the ‘use and file’ procedure for all health products and almost all general insurance products. Second, it has rationalised the compliance requirements for all Foreign Reinsurance Branches (FRBs).

Busting the Myths on CSR Regime in India

https://indiacsr.in | INDIA CSR | Aug. 10, 2022

With the government pushing for greater CSR monitoring and enforcement, an increased onus now lies on corporate India to play its part in the developmental progress of the country.

How to check if your employer has deposited your EPF contribution into the account

https://economictimes.indiatimes.com/ | Preeti Motiani | Aug. 4, 2022

Rishi Agrawal, Founder & CEO, TeamLease RegTech says "An employer is required to deposit the EPF contribution within 15 days of the month ending for which salary has been paid. For instance, for the month of July 2022, the employer is required to deposit both employer and employee EPF contribution by August 15, 2022 to an employee's EPF account."

Govt steps up ease of doing business, this many compliances simplified, decriminalized in India

Financial Express | MSME Desk | July 20, 2022

Ease of Doing Business for MSMEs: “Government of India, along with states and UTs has been working to reduce the compliance burden on businesses. The objective of the exercise is to improve ease of doing business by simplifying, rationalizing, digitizing and decriminalizing government-to-business interfaces,” said MoS Commerce Som Parkash.

NMC norms on foreign medical graduates to practice in India a transformation move: Rishi Agrawal

Pharma Biz | Nandita Vijay | July 9, 2022

As a leading Regulatory Technology (RegTech) solutions company, the company is of the view that students who pursue MBBS abroad will now have to ensure that their degree is up to 54 months and have to spend an extra year completing their internship before being allowed to practice in India.

Laws governing business must lose criminalising provisions

The Financial Express | Rishi Agrawal | July 1, 2022

A recent study highlights that the use of imprisonment as a tool of control over entrepreneurs has deepened since Independence. Even after three decades of economic reforms, entrepreneurs are still viewed through the lens of criminality.

TeamLease RegTech report shows 97% of pharma non complaint with 49% imprisonment clauses for contraventions

Pharmabiz | | May 24, 2022

TeamLease RegTech, a leading regulatory technology solutions company from TeamLease Services, in its ‘Simplifying Compliance Management for Pharmaceutical Companies’, shows that 97% of the industry lack the required visibility and control over their compliance programme. The report also points out that 90% of the companies missed at least one critical compliance during the previous year, while 95% incurred fines and penalties for non-compliance.

India’s digital economy needs timely regulatory engagement

Times of India | Rishi Agrawal | May 20, 2022

Delayed regulatory intervention is hurting India’s aspiration to become a trillion dollar digital economy. There is a pressing need for the government to keep up with the emerging exponential technologies. A key reason for the delay can be attributed to the lack of expertise within the government. It is recommended that the government build and nurture capacity within itself to constantly scan breakthrough technological innovations and their implications on emerging digital business models.

Jailed For Doing Business

The Cārvāka Podcast | Gautam Chikermane and Rishi Agrawal | April 29, 2022

In this podcast, Gautam Chikermane and Rishi Agrawal talk to Kushal about their new monograph published by the Observer Research Foundation. This podcast covers some of the topics of the monograph which looks into the imprisonment clauses that plague India’s business compliance regulations framework.

We need freedom from the grip of regulations and compliances

Live Mint | Makarand R. Paranjape | April 25, 2022

In Jailed for Doing Business (bit.ly/3vFWUWX), a recent report released by Observer Research Foundation (ORF), co-authored by Gautam Chikermane, vice-president, ORF, and Rishi Agrawal, co-founder and CEO at Avantis RegTech, a shocking 69,233 unique compliances have been listed, of which 26,134 clauses have imprisonment as penalty for non-compliance. Of the most compliance insistent states, five have the highest number of imprisonment clauses—Gujarat (1,469), Punjab (1,273), Maharashtra (1,210), Karnataka (1,175) and Tamil Nadu (1,043). What is utterly frustrating and dismaying is that despite such a stringent compliance regime, with so many rules, regulations and draconian clauses, the real crooks repeatedly seem to evade the inordinately long arm of the law.

How changes in EPF rules may affect you?

Business Standard | Bindisha Sarang | April 13, 2022

Prashant Singh, vice-president and business head-compliance and payroll operations, TeamLease Services, says that TDS will be applicable in case of Provident Fund (PF) final settlement, transfer claims, transfer from exempted establishments to the EPFO, and vice versa. It will also apply in case of transfer from one trust to another, and in case of death. This rule will also apply to international workers. .

TDS will not apply to EPF balance till FY21: Heres what experts suggest

Knowledia | Bindisha Sarang | April 13, 2022

Ease of doing business 2.0: Ask the right questions

Live Mint | Pradeep S. Mehta | March 22, 2022

In her budget speech, Finance Minister Nirmala Sitharaman expressed the government’s resolve to launch Ease of Doing Business 2.0 and Ease of Living programmes. To this end, she highlighted that in recent years, over 25,000 compliance requirements were reduced and 1,486 Union laws repealed. What was the nature of these compliances and laws?

Jailed for doing business: ORF report on the risks of compliances faced by Indian Entrepreneurs

Editorji | GAUTAM CHIKERMANE, RISHI AGRAWAL | March 17, 2022

The report of Observer Research Foundation (ORF) distils the risks of imprisonment faced by Indian entrepreneurs. Using newly isolated data on 26,134 imprisonment clauses embedded in laws enacted by the union and state governments, it provides the risks faced by entrepreneurs and corporations in doing business in the country. In this video, the authors of the report, Gautam Chikermane, Vice President, ORF, and Rishi Agrawal, CEO of TeamLease RegTech, are in conversation with BOOM's Govindraj Ethiraj. They discuss and scrutinize age-old compliances in India's business laws and suggest policy recommendations to lawmakers.

Unnecessary and redundant penalties should be taken out of the law books

Economic Times | ET CONTRIBUTORS | March 16, 2022

The word 'draconian' comes from the Athenian lawgiver Draco who gave civilisation an important milestone - written laws. Before this, it was ad-hocracy. Even though an improvement, the laws were extremely harsh, with the death penalty being commonplace.

Superfluous Compliance Load

Herald Goa | SHIVANAND PANDIT | March 16, 2022

For years every government has been attempting at lessening rules and regulations around doing business in India. According to the latest research report by TeamLease RegTech, in correlation with the Observer Research Foundation (ORF), among the 69,233 exclusive compliances that govern doing business in India, there are 26,134 imprisonment clauses as punishments or fines for non-compliance with business laws legislated since independence. Nearly 38 per cent of compliances can send a businessperson to jail.

Need To Decriminalise India's Business Laws: ORF Report

BoomLive | Govindraj Ethiraj | March 4, 2022

The report, which has been authored by Cheikermane, Vice President of the Observer Research Foundation and Agarwal, co-founder and CEO of TeamLease RegTech, argues for a rewriting of India's business laws which haven't been updated for the 21st century.

Need To Decriminalise India's Business Laws: ORF Report

The Outreach | Manish Sabharwal & Rishi Agrawal | March 3, 2022

EPF account transfer from EPFO to employer’s EPF trust. All you should know

Times Now News | ET Online | March 3, 2022

Prashant Singh, Vice President and Business-Head- Compliance and payroll outsourcing, TeamLease Services said, "An EPF member not only transfers money from an old EPF account to a new EPF account, he/she also transfers details related to Employees' Pension Scheme (EPS) account to new employer,” Singh explained. He added that the money deposited by the employer (old and new) in the EPS account is deposited to the EPFO and at the time of transfer, this lies with the EPFO and pension is paid to the individual when they become eligible.

How To Unleash Creation Of Well-Paid Jobs In India

FlipBoard | Manish Sabharwal & Rishi Agrawal | March 3, 2022

A new report titled Jailed For Doing Business dissects the criminality in India’s business laws. The report suggests that among the universe of 1,536 legislations, 54% (843) have clauses of imprisonment. Of these, 29% are at the union and 71% at the state levels. In the 26,134 compliances, two out of every five items have imprisonment clauses going up to 10 years. A jail time of up to 3 years can be meted out under 86% of the clauses. While labour laws are half of the compliance universe they contribute over 65% of imprisonment clauses. Within these laws, the Factories Act, of 1948 is the largest contributor accounting for 31% of all the criminal clauses.

How To Unleash Creation Of Well-Paid Jobs In India

Bloombergquint | Manish Sabharwal & Rishi Agrawal | March 3, 2022

How to transfer EPF account from EPFO to employer’s EPF trust and vice versa

Bangalore Mirror | ET Online | March 3, 2022

How to transfer EPF account from EPFO to employer’s EPF trust and vice versa

Economic Times | Preeti Motiani | March 3, 2022

Prashant Singh, Vice President and Business-Head- Compliance and payroll outsourcing, TeamLease Services say, "As per the EPFO rules, an individual can easily transfer his EPF account held with old employer to new employer irrespective whether the previous or new account was/is held with trust or EPFO."

Adoptive mothers can claim equal maternity benefits, say analysts

Business Standard | Bindisha Sarang | March 3, 2022

Prashant Singh, vice-president and business head-compliance and payroll operations, TeamLease Services, says, “The Maternity Benefit Act, 1961, doesn’t offer paternity leave. If companies offer it, it’s according to their wishes. Only new mothers are entitled to benefits under the Maternity Benefit Act, 1961"

Why CA, CS firms & professionals should find a new course

https://economictimes.indiatimes.com | Manish Sabharwal & Sandeep Agrawal | Feb. 27, 2022

India's reform choices are delivering results. Its economy rose from 10th to 5th in global size rankings in the last decade. Over 50% of India's foreign direct investment (FDI) since 1947 has come in the last five years. India is at the start of an economic super-cycle. But its soft and hard infrastructure in accounting and compliance lags behind our ambitions.

India needs to take a serious look at its business laws. Here's why

The Economic Times | Gautam Chikermane | Feb. 24, 2022

In the Observer Research Foundation (ORF) report, 'Jailed for Doing Business: The 26,134 Imprisonment Clauses in India's Business Laws' (bit.ly/ 3sU0Kdm) released earlier this month, Avantis RegTech CEO Rishi Agrawal and I explore the root cause for bureaucratic rent-seeking, bribery and extortion. The report isolates imprisonment clauses that surround doing business in India, of which there are hundreds of anecdotes but no macro data.

Ease of Doing Business? Not When There are Over 26000 Ways to Put an Entrepreneur in Jail

News 18 | AS MITTAL | Feb. 23, 2022

Just imagine how difficult the task gets for an entrepreneur to survive and thrive when they are vulnerable to imprisonment. Even though the central and state governments are striving to ease out over-regulations around doing business, there are still over 26,000 clauses that can lead to imprisonment of an entrepreneur, as per a report ‘Jailed for Doing Business’, prepared by Teamlease RegTech and Observer Research Foundation (ORF). In Punjab, for instance, there are 31 Acts, 1,427 compliances and 1,273 imprisonment clauses to regulate an entrepreneur.

Don’t bank just on EPS as its pension payouts are paltry, say analysts

Creatives Writing | Naman | Feb. 22, 2022

At present, it is mandatory for employees who earn a basic salary plus dearness allowance (DA) of up to Rs 15,000 to enrol in EPS

Don't bank just on EPS as its pension payouts are paltry, say analysts

Business Standard | Bindisha Sarang | Feb. 22, 2022

Prashant Singh, Business Head TeamLease Compliance has quoted “While the employee’s entire contribution goes to EPF, 8.33 per cent of the employer’s share goes to EPS.

Dont bank just on EPS as its pension payouts are paltry, say analysts

News Knowledia | Bindisha Sarang | Feb. 22, 2022

The employee and the employer each contribute 12 per cent of the employee’s basic salary and DA to EPF. Prashant Singh, vice-president and business head – compliance and payroll outsourcing, TeamLease Services, says: “While the employee’s entire contribution goes to EPF, 8.33 per cent of the employer’s share goes to EPS.”

Don’t bank just on EPS as its pension payouts are paltry, say analysts-Business Journal

BUSINESS JOURNAL | BUSINESS JOURNAL | Feb. 22, 2022

At present, it is mandatory for employees who earn a basic salary plus dearness allowance (DA) of up to Rs 15,000 to enrol in EPS

'Jailing clauses in biz laws deter entrepreneurship'

HTDS Content Services | Gireesh Chandra Prasad | Feb. 21, 2022

While the Centre is working on promoting ease-of-doing-business, over 26,000 imprisonment clauses in Indian commercial laws are likely to throw a spanner in the works, regulatory technology firm Teamlease RegTech and Observer Research Foundation (ORF) said in a joint report.

Apple Podcasts

https://podcasts.apple.com | Michael Matias | Feb. 18, 2022

Rishi Agrawal, is the CEO and Co-Founder of TeamLease Regtech, India’s leading Regulatory SAAS company. His company helps India Inc navigate the complexity of the country’s regulatory ecosystem and stay on the right side of the law. He is envisioning Compliance 2.0, a paperless, presenceless and cashless ecosystem for digital India. Rishi works closely with Union and state governments in India to help them reimagine employer compliance. Rishi is an avid traveler and amateur photographer. He has recently published a coffee table photo book titled, Varanasi, A passage to immortality.

Over 26,000 laws that can put a businessman in jail and cause 'unease' of doing business

Economic Times | Tamanna Inamdar | Feb. 16, 2022

Chikermane explains that this 'regulatory cholesterol' has impeded the free flow of ideas and growth of business in the country. Compliances for a business with 100-200 people to just get off the ground can range between 40-80 and ongoing compliances could range between 400-450 a year points out Rishi Agarwal, Co Founder and CEO, TeamLease TechReg.

Decoded: The Challenges Of Doing Biz In India | India Development Debate

Times Now News | GAUTAM CHIKERMANE, RISHI AGRAWAL | Feb. 16, 2022

About 26,134 laws can put entrepreneurs and businesspersons in jail in India in case of non-compliance, finds a latest study conducted by the Observer Research Foundation (ORF). Acts like not whitewashing or colour-washing the walls, ceiling and partitions of every latrine and urinal once in four months, for instance, are among the imprisonment clauses of the Factories Act. 1948, even though they are irrelevant in the technologically advanced business environment today. Is it time to take a relook at laws prescribing jail for minor lapses? Is there enough political will to reform our regulatory framework to make it more conducive to entrepreneurship and innovation? We debate on the India Development Debate with Gautam Chikermane, Vice President, ORF and Rishi Agrawal, Co-Founder and Chief Executive Officer, TeamLease RegTech. Tune in!

India’s compliances conundrum

Financial Express | FE Online | Feb. 16, 2022

The Factories Act, 1948, for instance, read with 58 rules, contain 8,682 imprisonment clauses. This is an important law as it provides core protections to workers.

India’s compliances conundrum

MSN | FE Online | Feb. 16, 2022

India’s myriad laws and the web of compliances that come with it pose a growing challenge for entrepreneurs and businesses. Sharing details on these, a just released research report by Teamlease RegTech and ORF, points to the added problem of laws armed with imprisonment as a tool to control, sometimes even for inadvertent and minor lapses. It points to 26,134 specific clauses in the country’s business legislations, rules and regulations that that impose prison terms for violations. The report says if the amendments to the Companies Act, 2013 get enacted, it could be the starting point for deeper economic reforms. India’s entrepreneurial landscape, it says, is full of laws, rules, and regulations that have raised barriers to doing business. The Factories Act, 1948, for instance, read with 58 rules, contain 8,682 imprisonment clauses. This is an important law as it provides core protections to workers.

There are more than 26,000 ways to jail a businessman in India

Economic Times | Economic Times Online | Feb. 16, 2022

An ORF report brings out 26,134 imprisonment clauses embedded in laws enacted by the Union and state governments and highlights risks faced by entrepreneurs and corporations in doing business in the country.

We blame the Centre for low GDP, but India is run by states

Financial Express | Sanjeev Nayyar | Feb. 16, 2022

Another example is of the labour Codes recently introduced by the Centre. Similarly, maximum compliances are governed by state governments, Gautam C and Rishi A wrote in the ORF, “India’s businesses function in a regulatory universe of 1,536 Acts that demand 69,233 compliances and 6,618 filings across the Union and state governments. Of these, almost a third (30%, or 463) of the laws and almost half (47%, or 32,542) compliances come under the labour category. Statistically, almost all the compliances (97.1%) are governed by state governments and 937 by the Union government.”

Over 26,000 laws that can put a businessman in jail and cause 'unease' of doing business

Times Now News | Tamanna Inamdar | Feb. 16, 2022

A recent report by ORF and TeamLease highlights 26,134, often redundant laws that can jail a business person in India. Some of these laws though not implemented often hang like a sword over entrepreneurs.

Over 26,000 laws that can put a businessman in jail and cause 'unease' of doing business

FlipBoard | Tamanna Inamdar | Feb. 16, 2022

There are more than 26,000 ways to jail a businessman in India

Economic Times | ET Online | Feb. 16, 2022

Treating the businessman as a felon

The Hindu Business | R Srinivasan | Feb. 16, 2022

One look at “Jailed for doing business” — a research report by think tank ORF and temp staffing major Teamlease’s compliance advisory arm Teamlease Regtech, and any potential investor aiming to start a business in India is likely to take to the hills.

India’s Business Laws Need To Shed ‘Regulatory Cholesterol’: Observer Research Foundation

Boomberg Quint | Arpan Chaturvedi | Feb. 15, 2022

It’s not that penalty clauses including imprisonment should not be in business laws but 26,134 imprisonment clauses are surely a regulatory excess whose biggest contribution would only be to create a rent-seeking climate, the report authored by Gautam Chikermane and Rishi Agrawal says.

On ceaseless job hunt post-pandemic, techies are looking for flexible working & their dream firm

https://theprint.in | Anupriya Chaterjee | Feb. 15, 2022

“Until the last day, employers are not confident sometimes whether the employee will join or not. It could get scary for the HR or hiring teams,” he told ThePrint, but added that this could vary from case to case, depending on the “experience and maturity of the candidate”. “I have seen that with people who have experience — I think they value what they get out of a contract over a period of time,” he said.

26,000 imprisonment clauses in biz laws: Most come under labour category

CNBC | Jescilia Karayamparambil | Feb. 15, 2022

Speaking to CNBC-TV 18, Gautam Chikermane, vice-president at ORF, said: "The biggest compliance reforms needed in India are in the labour category — almost seven out of 10 imprisonment clauses (68.1 per cent) come under the labour category."

26,000 imprisonment clauses in biz laws: Most come under labour category

Flipboard | Jescilia Karayamparambil | Feb. 15, 2022

The research report titled 'Jailed for Doing Business', prepared by Teamlease and Observer Research Foundation (ORF), stated: "Almost two out of every five (37.7 per cent) clauses pertaining to doing business in India carry imprisonment as penalties. More than half the laws (or 54.9 per cent) carry imprisonment clauses."

Licence raj is history, but inspector raj thrives: Gautam Chikermane & Rishi Agarwal

News Nine | Arun Kalyanasundaram | Feb. 14, 2022

Gautam Chikermane and Rishi Agarwal titled 'Jailed for Doing Business: The 26,134 Criminal Clauses in India's Business Laws' dwells on this very issue.

Between Doing Business And Jail

OMMCOM NEWS | OMMCOM NEWS | Feb. 13, 2022

It is a first-of-its-kind consolidation of business compliance data that had, till date, only existed in silos across ministries and departments. Collated over the past seven years by TeamLease RegTech, a regulatory technology solutions firm, the monograph has classified the data into seven broad domains – labour; finance and taxation; environment, health and safety; secretarial; commercial; industry-specific; and general.

Between doing business and jail

IANS Live | Sukant | Feb. 13, 2022

It is a first-of-its-kind consolidation of business compliance data that had, to date, only existed in silos across ministries and departments. Collated over the past seven years by TeamLease RegTech, a regulatory technology solutions firm, the monograph has classified the data into seven broad domains - labour, finance, taxation; environmental health and safety; secretarial; commercial; industry-specific; general.

Between doing business and jail.

IANS Live | IANSLive | Feb. 13, 2022

Jailed for Doing Business: the 26,134 imprisonment clauses in India’s business laws is a monograph by Observer Research Foundation that analyses newly isolated compliance data that entrepreneurs and corporations face. It offers recommendations that could help policymakers reimagine India’s compliance universe.

Archaic laws criminalise entrepreneurs

News India Express | Shankkar Aiyar | Feb. 13, 2022

The Factories Act is just one law and represents a larger malaise. A new study authored by Rishi Agrawal and Gautam Chikermane has drilled deep into the legal landscape governing businesses. Published by the Observer Research Foundation, the study reveals the shocking state of archaic laws governing livelihoods — the ecosystem of economic growth and well-being. The study shows that there are 843 laws (599 of them State laws) with clauses criminalising violation — with 26,134 compliances which host the threat of imprisonment. The width of the threat is stark — 11,042 clauses could lead to imprisonment of between one and three years, 1,481 specify jail term of three to five years, 1,821 list a prison sentence of five to 10 years and 207 carry a sentence of over 10 years.

India’s compliances conundrum – The Monetary Categorical

Times of Truth | FE Online | Feb. 12, 2022

India’s myriad legal guidelines and the net of compliances that include it pose a rising problem for entrepreneurs and companies. Sharing particulars on these, a simply launched analysis report by Teamlease RegTech and ORF, factors to the added drawback of legal guidelines armed with imprisonment as a instrument to manage, typically even for inadvertent and minor lapses. It factors to 26,134 particular clauses within the nation’s enterprise legislations, guidelines and laws that that impose jail phrases for violations. The report says if the amendments to the Corporations Act, 2013 get enacted, it may very well be the start line for deeper financial reforms. India’s entrepreneurial panorama, it says, is filled with legal guidelines, guidelines, and laws which have raised obstacles to doing enterprise. The Factories Act, 1948, for example, learn with 58 guidelines, comprise 8,682 imprisonment clauses. This is a crucial regulation because it supplies core protections to staff.

Reimagining India’s business compliances

Hindustan Times | Rishi Agrawal | Feb. 11, 2022

India’s legacy framework has viewed entrepreneurs with distrust and used criminality as a tool for control. This needs urgent repeal. Here is a way

‘Jailing clauses in biz laws deter entrepreneurship’

Live Mint | Gireesh Chandra Prasad | Feb. 11, 2022

Aapki khabar Aapka Fayda

Zee Business | RISHI AGRAWAL | Feb. 11, 2022

On Commodity With Rishi Agrawal, TeamLease RegTech

Study flags 26,134 legal threats to entrepreneurship

Business Standard | Deepsekhar Choudhury | Feb. 10, 2022

Five states have more than 1,000 imprisonment clauses in their business laws: Gujarat (1,469), Punjab (1,273), Maharashtra (1,210), Karnataka (1,175), and Tamil Nadu (1,043), according to a study by Observer Research Foundation and TeamLease RegTech.

Over 26,000 ways an entrepreneur can land in jail for non-compliance of business laws

The Hindu Business Line | Our Bureau | Feb. 10, 2022

A research report by Teamlease Regtech and ORF highlighted the issues related to compliances and had given recommendations to improve doing business. Non-compliance of two out of five provisions for doing business can send an entrepreneur to jail, said a research report prepared by TeamLease RegTech, in association with the Observer Research Foundation (ORF), a globally leading multidisciplinary think tank. Teamlease Regtech, regulatory technology company, has highlighted issues related to compliances and given its recommendation to further improve doing business, in its report titled “Jailed for Doing Business: the 26,134 imprisonment clauses in India’s business laws”

Ease of doing business: Report recommends easing of compliance burden on firms

The Financial Express | FE Bureau | Feb. 10, 2022

Stating that a huge compliance burden has been hampering the ease of doing business in general and the growth of the manufacturing sector in particular, a new report pitched for a thorough review of all provisions for jail terms for non-compliance by employers, and decriminalising technical and procedural lapses, immediately. In addition, the report tilted ‘Jailed for Doing Business’, prepared by Teamlease in association with Observer Research Foundation (ORF), has recommended constituting a regulatory impact assessment committee and sunset clauses in India’s business laws.

‘Jailed for doing business’ report

Edukemy Gazette | GAUTAM CHIKERMANE, RISHI AGRAWAL | Feb. 10, 2022

A report by TeamLease RegTech and the Observer Research Foundation titled, ‘Jailed for doing business’ delves into the compliance burden on Indian firms.

Jailed for Doing Business: The 26,134 Imprisonment Clauses in India's Business Laws

Observer Research Foundation | GAUTAM CHIKERMANE and RISHI AGRAWAL | Feb. 10, 2022

India suffers from ‘regulatory cholesterol’ that is getting in the way of doing business. The legislations, rules and regulations enacted by the Union and State governments have over time created barriers to the smooth flow of ideas, organisation, money, entrepreneurship and through them the creation of jobs, wealth and GDP.

Jailed for doing business: Over 26K Indian law compliances with imprisonment clauses

Deccan Hearld | PTI | Feb. 10, 2022

Excessive criminalization of employer compliance universe breeds corruption, blunts formal employment and poisons justice, says Manish Sabharwal, Vice Chairman of TeamLease - which had collated the report with ORF. "This report is a wonderful contribution to ideas for actionable reforms; the government has made a good start in purging compliances but truly reducing regulatory cholesterol requires extending that project to purging the 26,134 jail provisions for employers at the centre and state."

Entrepreneurs face over 26,000 imprisonment clauses in Indian biz laws: Study

Business Today | Aparna Banerjea | Feb. 10, 2022

"Using newly isolated data on 26,134 imprisonment clauses embedded in laws enacted by the Union and state governments, it provides the risks faced by entrepreneurs and corporations in doing business in the country," the study by Observer Research Foundation and Teamlease RegTech stated.

Study flags 26,134 legal threats to entrepreneurship

Business Standard | Deepsekhar Choudhury | Feb. 10, 2022

Over 26,000 clauses that can put entrepreneurs in jail for non-compliance with business laws: Report

Financial Express | FE Online | Feb. 10, 2022

India has 69,233 unique compliances that regulate doing business in the country, of which 26,134 clauses have imprisonment clauses, in other words, almost two out of five compliances can send an entrepreneur to jail, according to the report Jailed For Doing Business by TeamLease RegTech and Delhi-based independent think tank Observer Research Foundation.

Expectations from the budget: Women entrepreneurs hope for Kovid exemption from the Finance Minister

https://zeenews.india.com | Zee Up - Uttarakhand | Feb. 1, 2022

Finance Minister Nirmala Sitharaman herself is a woman, so women have a lot of hope in the general budget 2023. Dr. Garima Sahni, cofounder of Pristine Healthcare, said that women have faced a lot of crisis during the Corona period, so they should get Covid incentive.

Budget 2022-23: Industry experts hail reduced compliances, digitisation, Ease of Doing Business 2.0

Economic Times | Garima Bora | Feb. 1, 2022

Rishi Agarwal, CEO, TeamLease Regetech Pvt Ltd, was happy to see that a number of compliances have been done away with. “There's a lot of redundancy, overlap, and duplication in doing a business. It was good to see that the finance minister acknowledged the overlapping in compliances. I personally feel that 25 to 30% of India's compliance issues suffer because of overlapping,” he said.

Decoding the Budget | Panel discussion | Budget With The Federal

Youtube.com | The Federal | Feb. 1, 2022

What does the Budget mean for the average Indian? What’s the nation doing to manage and grow its wealth? Does the Budget provide a way forward to CEOs and CFOs? Will it help them expand and create jobs? Can politics be separated from the Budget, supposedly a socio-economic document? Particularly since Lok Sabha elections are just a year away? Do not miss our Live Zoom sessions with leading experts in various fields.

Budget 2023-24: Proposals on Direct Taxes Code that can benefit taxpayers

https://thefederal.com | Sandeep Agrawal | Jan. 25, 2022

Through Direct Taxes Code, the Centre aims to simplify the structure of direct tax laws in India into a single legislation. Here are some proposals on DTC that, if implemented, can provide great relief to individual and corporate taxpayers

Budget 2023 Expectations Live Updates: Will Homes Become More Affordable?

https://www.news18.com | Business Desk News 18 | Jan. 25, 2022

Experts expect higher infra spending, the budget to enhance the disposable income of middle-class households, and list what the key priorities should be for the government in the upcoming budget.Budget 2023 may see India stepping up on capex with a major thrust on Gati Shakti and National Infrastructure Pipeline (NIP) targets and National Infrastructure Pipeline (NIP) targets. Nirmala Sitharaman’s last full Budget before elections, may also have dedicated

For businesses in 2021, there were about 15 changes in law every day, 3680 in a year

Economic Times | ET Online | Jan. 24, 2022

India’s laws and regulations are not static and change very often. Changes to dates, deadlines, forms, duties & interests, penalty calculations, the addition of a compliance item, deletion of a compliance item (rarely), and introduction of new acts, stifle every business in terms of compliance. Of the changes in the law about 2600 updates came from the central government, and about 900 from state governments. The Budget must find a way to address this.

Live: India Surpasses China As The World's Most Populous Nation; What Does That Mean For India?

https://www.moneycontrol.com | Money Control | Jan. 24, 2022

India has surpassed China as the world’s most populous nation. Is it a boon or a bane for India? Catch the conversation as Moneycontrol's Shweta Punj talks with Poonam Muttreja, Executive Director at Population Foundation of India, and Rishi Agrawal, CEO at TeamLease Regtech!

How private sector can help govt boost its regulatory capacity to enhance ease of doing business

Financial Express | Rishi Agarwal | Jan. 9, 2022

Ease of Doing Business for MSMEs: Higher compliance means greater complexity and greater opportunity for corruption. The government can’t keep hiring people to manage regulatory support and build enforcement capabilities.

Why the new income tax regime has few takers

Money Control | KHYATI DHARAMSI & PREETI KULKARNI | Jan. 3, 2022

This has led to additional procedural complications at both employers’ and chartered accountants’ desks. “Most organisations and their HR departments feel maintaining employees’ records on their choice between the two regimes increase the complexities and paperwork burden,” says Prashant Singh, VP & Business Head - CPO, Teamlease Services.

Companies may cut HRA, give other reimbursements to employees opting for permanent WFH

The Economic Times | Yogima Seth Sharma | Dec. 17, 2021

Prashant Singh, head and vice president, Teamlease Compliance & Payroll Outsourcing Business, said the employees opting for permanent work from home will have a change in salary stature, like in the components of HRA and professional tax. Labour welfare fund is another issue, besides the applicability of state labour laws in such situations that need to be clarified. BC Prabhakar, chairman and advocate of BCP Associates and a labour law expert, feels legislation should be avoided as work from home is an evolving concept in India.

How to make group term claim settlement smoother

Money Control | Prashant Singh | Dec. 16, 2021

Most companies offer group term plans to their employees, in addition to health insurance. To prepare for any eventuality, it is crucial for employees to have a nominee who is entitled to receive benefits. Employers should also periodically check nominations

Start-ups step in with innovative digital solutions for issues plaguing MSMEs

The Indian Express | Parthasarathi Biswas | Dec. 13, 2021

Rishi Agarwal, the CEO of the Pune-based company, pointed out how a micro-unit has to adhere to 500-900 compliances annually, which translates to 100-140 filings a year. “This would amount to 1.5 filings every second business day,” he said. Any company would have to deal with five to six consultants for these filings which are related to labour, direct tax, indirect tax (GST, etc), environment/health/safety measures, company secretary and a miscellaneous consultant who would look after various industrial licenses that need to be taken. “Other than money, the leadership team of the unit would spend considerable time in coordinating with the various consultants to ensure their unit does not default,” he said.

TeamLease Services increases stake in Avantis Regtech and renames company to TeamLease Regtech

Sakhtkhabar | | Dec. 6, 2021

Rishi Agrawal has been quoted “Corporate India faces rising demands for robustness and transparency in governance, risk and compliance. Traditional, manual, ad-hoc, paper based and people dependent compliance fail to scale. Avantis started in 2015 and entered into a strategic and equity partnership with TeamLease Services in 2018; expanding this partnership was logical as policymakers target multiple ease-of-doing business metrics to expand formal job creation.”

Increasing adoption of digital compliance solutions by pharma companies

Express Pharma | Rishi Agarwal | Nov. 28, 2021

Rishi Agrawal, CEO and Co-founder, TeamLease Regtech, explains the importance of consolidated, data-driven and real-time compliance systems for a better future of pharmaceutical companies

Automatic transfer of your EPF accounts on job change to happen soon

The Economic Times Wealth | Preeti Motiani | Nov. 26, 2021

Prashant Singh, Business Head, TeamLease Compliance quoted “So far employees had been undergoing nightmare to transfer their PF from earlier employer to the new one. Paperwork, timelines and back and forth led to confusion and delay in the entire process. With this new initiative, it would ease of the way to transfer the PF from earlier employer to new employer seamlessly. The employee just need to ensure that his/ her UAN is linked to aadhar . If not linked a small manual / offline form submission can be given to new employer to establish that this is another big relief for employee and employer as this is used to consume huge amount of time between both of them to process and transfer”

INDIA – TEAMLEASE SERVICES INCREASES STAKE IN AVANTIS AND RENAMES IT TEAMLEASE REGTECH

Staffing Industry Analysts | | Nov. 3, 2021

Rishi Agrawal, Co-founder & Director, TeamLease Regtech, said, “Corporate India faces rising demands for robustness and transparency in governance, risk and compliance. Traditional manual, ad-hoc, paper-based and people dependent compliance fail to scale. Avantis started in 2015 and entered into a strategic and equity partnership with TeamLease Services in 2018; expanding this partnership was logical as policy makers target multiple ease-of-doing business metrics to expand formal job creation.”

TeamLease Services increases stake in Avantis Regtech and renames company to TeamLease Regtech

France Network Times | Rishi Agrawal and Ashok Reddy | Nov. 2, 2021

Commenting on the partnership, Ashok Reddy, Managing Director, TeamLease Services, said, "COVID has accelerated the digitization of employer plumbing by ten years. Simultaneously, policymakers are adopting a new policy thought-world that moves beyond the now discontinued World Bank EODB ranking to an employer perspective. Regtech is important infrastructure for Putting India to Work and in anticipation of the addressable market expanding by 20X, we are excited to expand our partnership with Avantis."

Pay transparency a far cry in India

The New Indian Express | Samiksha Goel | Oct. 17, 2021

Indian industry still goes largely with partial pay as they would like to pay more to deserving candidates or to the new recruiting candidates, says Prashant Singh, Vice President and Business Head-CPO, TeamLease Services. 70% of employees in the country agree that transparency is a must and good for business, according to Teamlease, an HR firm.

Run a business? 26,134 ways to end up in jail

Financial Story | Financial Story | Sept. 30, 2021

Rishi Agrawal, CEO, Avantis Regtech, says there have been improvements in EoDB rankings. According to him, India was in the bottom quartile back in 2014 but is now in the second quartile in 2020, which is the latest ranking. “In absolute terms, significant changes have happened. But is this enough for a country that is looking to get to $10 trillion as its logical destination in this decade? The answer is no,”

Run a business? 26,134 ways to end up in jail

Financial Story | Financial Story | Sept. 30, 2021

Explained: All about how your EPF contributions above Rs 2.5 lakh would be taxed

Money Control | PREETI KULKARNI | Sept. 6, 2021

High-earners whose basic annual salary is over Rs 21 lakh or Rs 1,73,612 a month would be affected. For government employees, this EPF contribution threshold is higher, at Rs 5 lakh

BRIC By Brick, India’s Demographic Dream Unravels

Bloomberg Quint | Shankkar Aiyar | Sept. 2, 2021

Brazil, India, Russia, and China have the potential to alter the global economic order and China would overtake the United States and India would be the third-largest economy by 2050

Claims to be made in case of an employee’s death

Live Mint | Renu Yadav | Aug. 20, 2021

If an employee dies, EPS will be given to the spouse and two children, who must be below 25 to be eligible

Billing if an employee dies

India News Republic | Mustaksubhedar | Aug. 19, 2021

Many have lost their loved ones in covid-19. Such losses can be catastrophic, especially if the deceased is part of a family. Dependents need to deal not only with the loss but also with the paperwork pain required to make various claims in the absence of specific guidance. In this regard, here is a guide to the claims that a statutory heir or dependent must make if the deceased was an employee.

Here is what to do to get your retirement plan back on track

Live Mint | Anagh Pal | Aug. 18, 2021

While younger professionals have time on their hands to recover, for many nearing retirements, these events could have derailed retirement plans.

Govt needs to act to spur private investment

Financial Express | The Financial Express | Aug. 13, 2021

Draft e-commerce rules a good example of a policy that discourages private sector, compliance-need elsewhere also daunting

5 common mistakes that HR leaders make when it comes to labour compliance

ET HR World | Prashant Singh | Aug. 12, 2021

In the future, compliance will continue to become a more important aspect for companies and organizations will expect HR and compliance leaders to be more informed and in control so that they can enable the company to function seamlessly

Contractual, temporary roles account for bulk of jobs generated during April, May

moneycontrol.com | SHREEJA SINGH | Aug. 11, 2021

It’s a worrisome trend since these are contractual jobs with low wages and have no bargaining power. In the long term, it could impact consumption and demand, warns an expert. Companies are increasingly reducing highly paid workforce and deferring their recruitment as well.

8 reforms to end India’s regulatory cholesterol

News 18 | GAUTAM CHIKERMANE AND RISHI AGRAWAL | July 31, 2021

The 1991 reforms changed the business climate of India’s economy. The policy ended License Raj but did not move a needle on Inspector Raj.

How fresh graduates must structure their salaries for more cash in hand

Money Control | PREETI KULKARNI | July 30, 2021

Do not be swayed by a seemingly large gross remuneration package if conveyance reimbursement, variable pay and insurance premium make up a major part of it.

Fat salary but bigger risks: Is this a tech job that nobody wants?

moneycontrol.com | M SARASWATHY & SWATHI MOORTHY | July 6, 2021

Multiple liability risks involved with the job position of the Chief Compliance Officer under the IT Rules 2021 has led to these roles either taking longer to get filled, or staying vacant. Given their onerous responsibilities, that is hardly a surprise

Teamlease reveals that some states in India are moving faster than others in trying to remove archaic laws

Business Insider | BHAKTI MAKWANA | June 29, 2021

Rishi Agrawal, chief executive officer (CEO) of Avantis Regtech – a TeamLease group company explains the compliance struggle for the MSME industry

75% companies find paper-based compliance complex: Survey

https://www.livemint.com/ | Kalpana Pathak | March 31, 2021

"Managing compliance in India is an up-hill task, as the landscape is very complex. We have a universe of 1,536 Acts and 69,233 Compliances that change over 3,000 times a year. Each company not only has to deal with multiple compliance requirements but also numerous deadlines," said Rishi Agrawal, CEO, Avantis Regtech Pvt Ltd

Avantis Regtech, TeamLease’s compliance arm, improves profitability for PCS firms, with the launch of their new automation platform

CXO Outlook | CXO Editorial Team | March 10, 2021

Sharing more information about the new product, Mr Rishi Agrawal, CEO and Co-Founder, Avantis Regtech, said, “Currently more than a million companies in India outsource their secretarial compliance to PCS firms. Typically, a PCS manages 50 clients annually, in some large firms it may go up to 500.

Avantis Regtech, TeamLease’s compliance arm, improves profitability for PCS firms, with the launch of their new automation platform

APN News | APN News Author | March 10, 2021

One of the leading integrated compliance regulatory technology firms, Avantis Regtech, from the house of TeamLease Services has today announced the launch of a new automation platform – AVASEC, for practicing company secretaries (PCS).

How India can improve its EoDB

Financial Express | Rishi Agrawal | Feb. 25, 2021

Increased digitisation efforts in various areas, from inspection to compliance management to regulatory communication, could reap significant dividends

The Labor code may cause white-collar workers and managers to get paid for overtime!

NewsExpressPost | Author | Feb. 24, 2021

In the new labor regulations, professionals who work long hours may need to cheer for one thing, because if the new legislation is fully implemented, the scope of overtime pay will be expanded so that all employees and managers are welcome.

Post Budget Reaction: Startup Sector

The Via | The VIa | Feb. 2, 2021

The Finance Minister Nirmala Sitharaman presented the Union Budget 2021 on Monday where she made a lot of announcements for various sectors. This was the first budget after the pandemic where everyone had some expectations from the finance minister. Here are the reactions from the Industry experts.

Labour Code may lead to overtime pay for white-collar, managerial employees

Pehal News | Pehal News Team | Dec. 7, 2020

Professionals placing in further hours at work may have one thing to cheer for within the new labour codes as the brand new legislation, if carried out in its entirety, would widen the purview of overtime pay to embrace all employees, together with managerial workers.

Labour Code may lead to overtime pay for white-collar, managerial employees

Techno Codex | Jason Junior | Dec. 7, 2020

Professionals putting in extra hours at work may have something to cheer for in the new labour codes as the new law, if implemented in its entirety, would widen the purview of overtime pay to include all employees, including managerial staff.

Labour Code may lead to overtime pay for white-collar, managerial employees

News Robin | News Robin | Dec. 7, 2020

Pros putting in place further hours at paintings will have one thing to cheer for within the new labour codes as the brand new legislation, if carried out in its entirety, would widen the purview of time beyond regulation pay to incorporate all staff, together with managerial personnel.

Labour code may lead to overtime pay for managers too

The Economic Times | Nehal Chaliawala, Pavan Burugula | Dec. 7, 2020

Professionals putting in extra hours at work may have something to cheer for in the new labour codes, as the new law, if implemented in its entirety, would widen the purview of overtime pay to include all employees, including managerial staff.

Choked by red tape

India Today | Shweta Punj | Dec. 5, 2020

Indian firms are hobbled by endless compliances, complicated laws and overlapping regulations.

New rules to sign up for GST

Digitalrunn | Gireesh Chandra Prasad | Nov. 23, 2020

An overhaul of the goods and services tax (GST) registration process and suspension of the registration of businesses identified as risky are among the proposals of a panel of officials attached to the GST Council.

GST Council defines some New rules to GST registration will be linked to biometrics authentication

haqExpress | Nandani | Nov. 23, 2020

The proposals by the law committee of the GST Council, comprising central and state officials who advise its ministerial members, aim to tighten compliance measures and target restrictions on firms identified as risky, without affecting the convenience of doing business generally , said a finance ministry official.

New rules to sign up for GST

Kashmir Pen | Web Desk | Nov. 23, 2020

New rules to sign up for GST

U4UVoicee | U4UVoice | Nov. 23, 2020

GST Council Law Committee recommends Aadhaar-like registration for new applicants

The Plunge Daily | Nandika Chand | Nov. 23, 2020

The law committee of the GST Council, after two days of deliberations, has recommended for an Aadhaar-like registration process for new applicants under the GST regime. Its proposals aims to tighten compliance measures and target restrictions on firms identified as risky.

New rules to sign up for GST

Business2Business | B2B Desk | Nov. 23, 2020

The proposals of the Legal Committee of the GST Board of Directors, made up of central and state officials who advise their ministerial members, aim to toughen compliance procedures and target restrictions on companies that have been identified as risky.

The proposals by the law committee of the GST Council

Indian Revenue | Puja Aithani | Nov. 23, 2020

New rules to sign up for GST – Mint

India Finance News | Kalpana Warrier | Nov. 23, 2020

New rules to sign up for GST

Clearmytax | Clearmytax.in Editorial Team | Nov. 23, 2020

GST panel proposes overhaul of registration process to check tax evasion

LiveMint | Gireesh Chandra Prasad | Nov. 22, 2020

The recommendations include use of Aadhaar or Aadhaar like biometric identification for new registrations, steps to identify businesses that pose risk of revenue loss to the exchequer

Punjab Inks MoU With The Global Alliance for Mass Entrepreneurship (GAME) In Partnership With Omidyar Network India

Business World | BW Online Bureau | Nov. 3, 2020

In order to ensure the ease of doing business for the MSMEs in Punjab, Government of Punjab has signed a Memorandum of Understanding (MoU) with The Global Alliance for Mass Entrepreneurship (GAME), supported by Omidyar Network India (ONI).

Punjab govt inks settlement with GAME to help MSMEs

News24Nation | Web Desk | Nov. 3, 2020

The Punjab government has news24nationed a concurrence with the Global Alliance for Mass Entrepreneurship (GAME) to improve ‘simplicity of working together’s for MSMEs in the state under Omidyar Network India’s ‘ReSolve Initiative’. The ReSolve Initiative spotlights on giving financing backing to beacon extends that are making answers for enable miniature, little and medium endeavors (MSMEs) just as traveler laborers.

Punjab govt inks pact with GAME to support MSMEs

Economic Times | PTI | Nov. 3, 2020

The Punjab government has signed an agreement with the Global Alliance for Mass Entrepreneurship (GAME) to improve 'ease of doing business' for MSMEs in the state under Omidyar Network India's 'ReSolve Initiative'.

Latest News | Punjab Govt Inks Pact with GAME to Support MSMEs

Latestly | PTI | Nov. 3, 2020

New Delhi, Nov 3 (PTI) The Punjab government has signed an agreement with the Global Alliance for Mass Entrepreneurship (GAME) to improve 'ease of doing business' for MSMEs in the state under Omidyar Network India's 'ReSolve Initiative'.

We blame the Centre for low GDP, but India is run by states

Financial Express | Sanjeev Nayyar | Nov. 3, 2020

Rishi A wrote in the ORF, “India’s businesses function in a regulatory universe of 1,536 Acts that demand 69,233 compliances and 6,618 filings across the Union and state governments. Of these, almost a third (30%, or 463) of the laws and almost half (47%, or 32,542) compliances come under the labour category. Statistically, almost all the compliances (97.1%) are governed by state governments and 937 by the Union government.”

Punjab govt inks pact with GAME to support MSMEs

Pehal News | Pehal News Team | Nov. 3, 2020

The Punjab authorities has signed an settlement with the Global Alliance for Mass Entrepreneurship (GAME) to enhance ‘ease of doing enterprise’ for MSMEs within the state beneath Omidyar Network India‘s ‘ReSolve Initiative'

Punjab govt inks pact with GAME to support MSMEs

Devdiscourse | PTI | Nov. 3, 2020

Punjab govt inks pact with GAME to support MSMEs

Outlook India | PTI | Nov. 3, 2020

The Punjab government has signed an agreement with the Global Alliance for Mass Entrepreneurship (GAME) to improve ''ease of doing business'' for MSMEs in the state under Omidyar Network India''s ''ReSolve Initiative''.

Punjab inks MOU with game to support msmes, in partnership with Omidyar Network India

5 Dariya News | Web Admin | Nov. 2, 2020

In another significant step towards ensuring ease of doing business by simplification, digitization and decriminalization of compliances, Government of Punjab has signed a Memorandum of Understanding (MoU) with The Global Alliance for Mass Entrepreneurship (GAME), supported by Omidyar Network India (ONI), an investment firm focused on social impact, under its recently announced ReSolve Initiative.Punjab is home to 2.59 lakh MSMEs that employ a total of 20.29 lakh employees

Centre’s new labour codes leave room for rule-making, interpretation

Business Line | V Narayan | Oct. 6, 2020

Though the labour code’s aims are lofty, it’s silent on matters like determination of minimum wages, eligibility criteria

Labour reforms: Future-ready but devils of detail lie in states

Observer Research Foundation | Gautam Chikermane, Rishi Agrawal | Oct. 3, 2020

Overhaul, not patchwork; good, not perfect; green shoots, not forest. The assimilation of 44 Union labour laws into four codes and 1,458 sections into 480 (a fall of 67 percent or the removal of two out of three sections on average) by Parliament should, if the baton of intent is taken up by state legislatures enacting their rules in the race of growth and prosperity, deliver a business environment more in tune with the future.

Labour reforms: Still a long way to go for India, says Rishi Agrawal, co-founder & CEO, Avantis Regtech

Financial Express | FE Bureau | Sept. 26, 2020

There are different due dates, multiplicity of forms and formats, duplication and redundancy in record-keeping requirements, complex procedures, ambiguous interpretations, leading to a really complex regulatory environment.

New labour laws are pro-business, anti-workers

Business Today | Sonal Khetarpal | Sept. 25, 2020

The three labour codes seen together fail to achieve even reasonable balance between enabling of ease of doing business, and protecting & strengthening labour welfare and their rights

Maharashtra lags behind in "Ease of Doing Business"

Sakal | MCCIA | Sept. 8, 2020

Maharashtra lags behind in "Ease of Doing Business''. Businesses should be inspected online. MCCIA and Avantis RegTech Pvt. Ltd. suggested state government.

Reduce state-level regulatory cholesterol to aid job creation

Live Mint | Manish Sabharwal & Rishi Agrawal | Sept. 7, 2020

The compliance burden imposed by states on enterprises is too thick for them to flourish and generate formal employment.

MSME revival may only be possible from the next fiscal

The Week | Abhinav Singh | Aug. 12, 2020

Despite revival measures by the government that have gradually unlocked the Indian economy following coronavirus-induced lockdowns, the revival of Micro, Small, and Medium Enterprises (MSMEs) is unlikely anytime soon, with prospects for recovery only by the next fiscal year.

Zee Business makes clarion call - Kam Caro Compliance!

Zee Business | ZeeBiz WebTeam | Aug. 10, 2020

Doing business in India is not exactly easy - much better than before, but still requires work. Business compliance can actually take a toll on you. The government has been doing its bit to enable Ease of Doing Business in the country and it has gone a long way in simplifying the many processes. However, these still remain a burden on businesses.

India’s small firms are staring into the abyss

Livemint | Goutam Das | July 28, 2020

A ground report reveals that many MSMEs are fighting a grim battle for survival. What can save the day? If small companies start winding up, it could exacerbate the supply-side issues of corporate India up the value chain. It could also have a big impact on the economy and employment

The real issue: Businesses need to comply with 194 labour laws, spend Rs 4.58 lakh per annum

The Economic Times | Amol Kulkarni & Rishi Agrawal | July 18, 2020

A typical MSME is required to deal with 364 compliances in a year i.e. one compliance a day, with adverse consequences including penalties and imprisonments, in some cases of non-compliances. Of these, 194 are labour related.

India’s ‘Regulatory Cholesterol’ Still Obstructs Ease Of Doing Business

Bloomberg | Quint | BQ Desk | July 12, 2020

India's notorious red tape continues to hamper ease of doing business despite recent gains. Businesses have to deal with a combined 1,536 acts, 69,233 compliances and make almost 7,000 filings in the country, an analysis by TeamLease, a staffing, regulatory and compliance management firm, showed. States with larger economies such as Gujarat and Maharashtra have more than 3,000 compliance requirementes each.

Shed regulatory cholesterol

India Today | Manish Sabharwal & Rishi Agrawal | July 11, 2020

India’s regulatory cholesterol is a direct result of the Avadi Resolution of 1955 that murdered competition, kneecapped capital markets and distrusted entrepreneurs.

To convert Atmanirbhar Bharat into reality, Modi needs to wage a war

Observer Research Foundation | Gautam Chikermane, Rishi Agrawal | July 4, 2020

For Prime Minister Narendra Modi’s 12 May 2020 political slogan of Atmanirbhar Bharat to become a reality, he will have to wage a war. In this war, words and slogans will not do; at best they will be a starting point. This war will challenge an enemy that is deeply and integrally embedded in the political economy of India. It will have to obliterate the vested interests of a corrupt establishment. It will have to destroy carefully-created edifices of an unaccountable, entitled and rent-seeking economic system where the incumbent beneficiaries will fight back.

Rationalisation, decriminalisation, digitsation: The three-pronged view to reduce MSME compliance burden

Financial Express | Rishi Agrawal | June 30, 2020

Ease of Doing Business for MSMEs: The burden of compliance for MSMEs is disproportionately high while their resources are limited. They need to deal with 27 licenses, registrations, permissions and consent orders.

Regulatory Changes in India in the Time of COVID19: Lessons and Recommendations

Observer Research Foundation | Gautam Chikermane, Rishi Agrawal | June 10, 2020

This report tracks the changes to India’s business regulatory framework in the first 40 days of the nationwide lockdown due to the COVID-19 virus. The Union and state governments have been highly proactive in creating spaces for doing business while managing the ongoing health crisis. The governments have attempted to modify the business-related legal infrastructure within the confines imposed through the lockdown.

Labour Reforms: Drug of choice for economic resuscitation during Covid-19

TaxGuru | Rishi Agrawal | May 16, 2020

The huge economic costs of Covid-19 virus are clearly visible. Everything that India does to kill the virus is killing the economy. The Centre and States have done well to protect lives so far. However, it is time to move forward and protect the livelihood as well. Restarting the stalled economy is an unprecedented public policy challenge.

Work from home: Employee benefits set for overhaul as companies redraft rules

live mint | Kalpana Pathak, Romita Majumdar | May 16, 2020

Mumbai: Companies are taking a relook at employee benefits and employer liabilities as a majority of their staff work from home amid the lockdown. Human resource consultancy firms say companies are increasingly trying to understand how liabilities change for them going forward, as a vast workforce remains at home.

India to benefit from US-China trade war: Experts

The Economic Times | Press Trust of India | May 16, 2020

The ongoing trade war between the US and China will help India tap export opportunities in both the countries in areas such as garments, agriculture, automobile and machinery, according to trade experts.

COVID-19: Yogi Adityanath attempts reforms, delivers regulatory chaos in Uttar Pradesh

ORF | Gautam Chikermane, Rishi Agrawal | May 8, 2020

The 8 May 2020 notification by the Uttar Pradesh government suspending all labour laws is unconstitutional and regressive. Hurriedly drafted with little more than a short-term outlook, it will not attract any investment into India’s most populous state. Worse, it could create labour-capital hostility and cart the state back to the 1970s, with constant clashes between trade unions and managements.

COVID19: Shivraj Singh Chouhan initiates Reforms 2.0 in Madhya Pradesh

ORF | Gautam Chikermane, Rishi Agrawal | May 8, 2020

India’s encounters with economic reforms remain steeped in disbelief. Or, shall we say, preconceived notions, anchored in the status quo of the past, prevent us from observing, leave alone celebrating, them. The underreporting of ground-zero reforms unleashed by Madhya Pradesh Chief Minister Shivraj Singh Chouhan on 7 May 2020 is a classic case. Perhaps, it is to do with the language Chouhan used — Hindi, and not English. Or, it has been downplayed in the national media because these policies pertain only to the state of Madhya Pradesh. Or, and we believe this could be the biggest reason, the inherent bias against the BJP (that the Party and BJP-governed states) can and will do nothing on economic reforms.

As India readies to work from home, a compliance alert

ORF | Rishi Agrawal | March 19, 2020

Every economic shock leaves a legacy. The deadly coronavirus will be no different. This time it’s a public health emergency that’s shaking up the world economy. In just a few weeks, Coronavirus has changed how we meet and greet each other, how we work and how our children are educated. Offices around the world are empty. This has unwittingly sparked off a giant global experiment in mass remote working. Our work environment is suddenly being reinvented. What demonetisation did to digital payments, corona may end up doing to the future of work. Remote working is an idea whose time has come.

Companies can lay off employees after contract, season is over; bill tabled in Lok Sabha

| Samrat Sharma | Nov. 27, 2019

Rishi Agrawal, CEO and CoFounder of Avantis Regtech and Rituparna Chakraborty, VP, TeamLease Services share their views on the Industrial Relations Bill 2019 tabled in the Lok Sabha on 28th November 2019.

Govt must lead by example and respect the contracts it enters into

| Sumita Kale | Nov. 13, 2019

In its quest to reach the top 25 in EoDB ranking, India may find it quicker to move ahead in other parameters, for contract enforcement, the challenges are deeply rooted.

The gain and the pain of ease of doing business in India

| Sumita Kale | Oct. 28, 2019

In its update on the first 100 days of the new government, the DPIIT announced that the National Ease of Doing Business Policy has been finalised. While specific details are not yet out in the public domain, this policy reportedly puts the onus on government departments to measure the time and cost spent by companies on licences, registrations, renewals and the like and work towards rationalising the burden, simplifying and digitising the compliance process. Done well, the National Ease of Doing Business Policy can mark a paradigm shift in the way the government views regulation. Easing the compliance burden is the game-changing move that our businesses need to unleash their productivity, the move that we desperately need to realise our goal of a 5 trillion dollar economy, the move that will take India into the top 25 ranks in the world.

India ranks 63 in World Bank's Ease of Doing Business

| | Oct. 23, 2019

Rishi Agrawal, Co-Founder and CEO Avantis Regtech Pvt Ltd For the third year in a row, India has been one of the top improving economies in the World Bank Ease of Doing Business ranking. This reflects the government's determined push towards reforms. India's rank has improved from 77 last year to 63 this year. India's reforms have stood out in four categories out of 10 - Starting a new business, Dealing with construction permits, trading across borders and resolving insolvency. This is extremely commendable. Further, there is a strong possibility that India breaks into the top 50 next year, the reforms since June 2019 (including the rate cut for corporates, easing GST returns process etc.) will be reflected only in the exercise next year. However, despite this creditable achievement, Indian businesses continue to be plagued by a high compliance burden of over 58,000 compliances, more than 3000 returns and over 2500 changes every year. To give just one instance of the high compliance burden, for a startup working from a home office or shared space, within its first year, it needs to obtain registrations under at least seven regulators and file a minimum of 18 returns to a maximum of 69 returns - this has to be rationalised at the earliest. The government needs to be focused on reforms in the three vector framework of rationalisation, digitisation and simplification, particularly in the categories that continue to stand out with poor performance - starting a new business (Rank 136), registering property (Rank 154) and enforcing contracts (Rank 163).

India’s Ease of Doing Business rank no cheer for MSMEs

| Sumita Kale | Oct. 23, 2019

When it comes to delayed payments, a digital, impersonal, transparent solution should have a better impact than a compliance driven one. In any case, the government should do away with the MSME Form 1, which is the half yearly return with the Registrar of Companies on outstanding payments to micro or small enterprises. Instituted early this year, this form asks all companies, including MSMEs, to give details on outstanding dues to micro and small companies, and reasons for those. This half yearly return has increased the compliance burden on MSMEs and more pertinently, the additional paperwork has had no impact on improving the culture of payments. As a starting point, the MCA can consider mandating this return only for large companies, with turnover more than Rs 250 crore.

“Reducing compliance burden key for safe food”

| Nandita Vijay | Oct. 13, 2019

An interview with Rishi Agrawal, co-founder and CEO, Avantis Regtech on the compliance burden in food processing industry in India.

The steel frame has become a cage. A $10-trillion economy needs deep civil service reform

| Manish Sabharwal | Oct. 8, 2019

Manish Sabharwal highlights the need for civil service reform " Cutting edge economics views development as a game of scrabble where vowels provided by the government enable the private sector to make more words and longer words. The current civil service fails to provide enough vowels; the steel frame has become a cage"

Key Challenges faced by Compliance Officers in India

| Rishi Agrawal | Oct. 1, 2019

Rishi Agrawal explains the key challenges faced by Compliance Officers in India and why a digital compliance management solution is critical for companies.

Trimming The Vexatious Angel Tax: Where It Puts India On Growth Map

| Rishi Agrawal | Sept. 29, 2019

Even as government policy is to encourage startups, the tendency to get bogged down in fine details in compliance hurts the ecosystem. For a startup working from a home office or shared space, within its first year, it needs to obtain registrations under at least seven regulators and file a minimum of 18 returns to a maximum of 69 returns. While framing policy and compliance in India, the government should keep in mind that this segment is particularly sensitive to regulatory uncertainty, lack of clarity and frequent changes. More moves towards ease of doing business will unleash innovation from young entrepreneurs

TeamLease launches compliance aggregator app Rulezbook to simplify filings

| Sonal Khetarpal | Sept. 5, 2019

To simplify the regulatory and statutory universe, human resource company Teamlease has launched an AI-based compliance content aggregator app Rulezbook to help individuals and companies get updates on changes in compliances that are relevant to them in a language that is easy to understand, all in real time. Users can also register on their website www.teamleasecompliance.com to get personalised updates in their inbox to be on top of their game. The Rulezbook App (available for download from the Google and Apple stores) can be personalised on the basis of an employer, policy maker or individual's interest, geography of operations, sectors and other details. It is available free of cost to all users.

Staffing firm TeamLease launches website to track rules on compliances

| Prachi Verma | Sept. 4, 2019

Teamlease Services has launched a compliance cloud -website called teamleasecompliance.com and an app RulezBook through its regulatory technology (regtech) subsidiary-Avantis. The website and app will help employers or companies in getting access and track rules and filings on compliances.

Teamlease launches web portal to help firms navigate compliance repository

| Somesh Jha | Sept. 3, 2019

TeamLease Services, a human resource firm, launched a web portal www.teamleasecompliance.com through which companies in India can keep track of a comprehensive set of compliance rules and regulatory filings at the state, central and local level. It also launched a mobile application, Rulezbook App, for a similar purpose. In India, companies are required to take care of 58,726 compliances, involving 1,074 Acts related to labour, finance, taxation, secretarial, commercial and industry specific rules and it involves 3,069 annual filings. Of this, most compliances are related to the labour laws, both at the state and the central level. “At present, there is no repository of this sort in the country. This is real-time in nature and companies can get regular updates on regulations and compliances delivered to them on e-mail based on their requirements. This is a free of cost service which will enable 'ease of doing business'," Rituparna Chakraborty, co-founder and executive vice-president at Teamlease Services said, while launching the product.

Startup founders cheer withdrawal of Angel Tax; say decision will boost ecosystem

www.forbesindia.com | HARICHANDAN ARAKALI | Aug. 25, 2019

“The pain felt by startups has been heard,” Rishi Agrawal, co-founder and CEO of Avantis Regtech, said in an email to Forbes India. “This will go a long way in easing the initial capital funding challenges for startups,” he said.

Taxing times: Compliance complexity a big challenge for businesses

https://www.financialexpress.com/ | Sumita Kale | Aug. 21, 2019

India’s tax challenge is not the rates per se, it lies in the complexity of compliance. Indian businesses struggle with more than 9,000 compliances and 600+ filings, and there have been more than 600 updates over the past year

Avantis Regtech sees compliance as a critical component in pharma sector to improve its performance

http://www.pharmabiz.com/ | Nandita Vijay | Aug. 19, 2019

Avantis Regtech, a SAAS solution provider, sees that pharma compliance is critical across drug manufacture to marketing. This is because compliance requirements reduces operational, reputational and financial risks. Regulatory compliance is top on the agenda as Indian firms are looking to spend a higher proportion on capex for upgrading infrastructure for regulatory compliance over the next decade. Our web and mobile platforms, enable a transparent, accountable and efficient risk and compliance management. Indian businesses are finding it increasingly challenging to cope with the increased regulatory compliance burden. The pharmaceutical sector is particularly hard hit. Our clients in pharma sector have reported significant improvement in the ease with which regulatory compliance is now being met as our web and mobile based platforms, enable a transparent, accountable, efficient real-time compliance management system, said Rishi Agrawal, co-founder and CEO, Avantis RegTech.

Opinion | A good nudge to relieve businesses of regulatory sludge

Live Mint | Sumita Kale | July 12, 2019

Now that India’s policymakers have taken on board Richard Thaler’s principle of nudge, it is time to get them moving faster on another track he has been advocating recently—removing sludge.

It’s time to change the way India does business

www.financialexpress.com | Rishi Agarwal & Sumita Kale | July 12, 2019

In her Budget speech, Nirmala Sitharaman put a greater spotlight on Ease of Doing Business through many measures—simplifying GST process, e-assessments for tax, interchangeable Aadhaar and PAN, etc. The government’s intent to further simplify procedures, reduce red-tape and make the best use of technology was clearly set out. However, there was no reference of a refreshing, revolutionary move that is already on the cards. A draft Cabinet note has reportedly been circulated last month on the National Ease of Doing Business Policy, where, for the first time, we see the government holding the bureaucrats accountable for the compliance requirements they place on businesses.

Why Ease Of Doing Business Is Vital For Indian Startup Ecosystem

Inc42 | Rishi Agarwal | July 3, 2019

The Indian startups have been rising mainly due to increasing aspirations of educated youth. Government initiatives like ‘Make in India’ and ‘Startup India’ are aimed at creating a conducive ecosystem for business growth and are working towards promoting ease of doing business in the country.

The changing nature of jobs

Economic Times | Sumita Kale | June 30, 2019

Most young Indians look for a permanent, preferably government, job, which incidentally also works well for the marriage market. Unfortunately, such jobs are really in short supply and not set to increase in the future. So often we see news like this – “more than 50,000 graduates, 28,000 PGs and 3700 PhDs have applied for 62 vacancies of messengers in the UP Police’s telcom wing, for which minimum eligibility is Class V”! The preference for a government job is due to the respectability it brings, and the assurance of a job for lifetime followed by a pension. One way to ease the stress is by meeting the aspirations of the youth through New Age jobs.

Budget 2019 | Five things the government can do to boost jobs

Moneycontrol | Sumita Kale | June 21, 2019

The new government wants a $5 trillion economy by 2024. For this, the Union Budgets need a strategy to achieve around 8 percent annual growth. A critical component will be creating 80-90 lakh new jobs annually, to accommodate not just additions to our workforce, but also their aspirations.

Digitisation agenda for the Budget

Economic Times | Sumita kale | June 20, 2019

We usually do not think of the government as a leader in any consumer space, so most people are surprised when they hear that India’s biggest e-commerce portal is IRCTC, not Amazon or Flipkart. What’s more interesting however is that internet ticket reservation, which we all take for granted now, began way back in 2002, a visionary move at a time when net access was nothing like it is today.

Opinion | Tackling regulatory cholesterol to reduce our farm dependence

Live Mint | Manish Sabharwal & Sumita Kale | June 3, 2019

Writer C.S. Lewis said, “You can’t go back and change the beginning but you can start where you are and change the ending." Indian farmers are poor because they have too many colleagues and the productivity programmed into these 45% of our workers generating 14% of our gross domestic product (GDP) represents a perpetual condemnation to poverty.

Meeting India’s aspirations through EoDB 3.0

Economic Times | Sumita Kale | May 29, 2019

All said and done, the challenge for any government lies in meeting the aspirations of its people. If we look back at how India’s aspirations have been changing, we find one sharp turning point coming in 1991. Check out http://indiabefore91.in/stories for a collection of memories of the license-permit raj, that will sound unreal now to most Indians. Today’s youth knows and cares little about the headaches of the past. Ready to take on the world, armed with cheap data packs on their mobile phones, it is the aspirations of these Indians that the government has to take on.

Why Nyuntam Aay Yojana won’t end poverty

Economic Times | Manish Sabharwal | April 22, 2019

Poverty is not like cancer where every malignant cell must be removed or will come back. The 1971 surrender by Lieutenant General AAK Niazi in Bangladesh with 93,000 soldiers is a perennial source of Pakistani shame. But history is kinder to General Niazi’s legacy; he was cut off from his army, his troops were low on rations, the local population was hostile, and he presided over East Pakistan for only two days. In other words, he faced an impossible situation.

Why NYAY won’t end poverty: Promise of income without work represents a panicked pessimism about India and her people

The Times Of India | Manish Sabharwal | April 22, 2019

The 1971 surrender by Lieutenant General AAK Niazi in Bangladesh with 93,000 soldiers is a perennial source of Pakistani shame. But history is kinder to General Niazi’s legacy; he was cut off from his army, his troops were low on rations, the local population was hostile, and he presided over East Pakistan for only two days. In other words, he faced an impossible situation.

Creating a place for poetry in business

Business Standard | Manish Sabharwal & Sumita Kale | April 16, 2019

Business Standard Entrepreneurs now require fewer mandays, fewer documents and fewer trees annually to start a business Manish Sabharwal & Sumita Kale Last Updated at April 17, 2019 00:54 IST Follow this columnist https://mybs.in/2X5Iwrt The political adage of campaigning in poetry but governing in prose means election season often involves dangerous populist promises. Populist politicians often suggest Scandinavian social democracies as inspiration but forget that the World Bank’s Ease of...

Back Again From Rules to Deals

The Economic Times | Manish Sabharwal | April 3, 2019

One reason India remains poor is because of its regulatory policy of ‘Show me the person and I will show you the rule’. This has led to the notion that rules in this country are made, tweaked and enforced according to the wealth/power/connection of individual under investigation. Before the 1991 reforms, entrepreneurs spent half their time in Delhi because a licence meant ‘hostages’, not ‘customers’.

View: Congress' Nyuntam Aay Yojana simply doesn’t work

The Economic Times | Manish Sabharwal | March 27, 2019

Poverty eradication needs moving Indians to more productive sectors. By Manish SabharwalCongress, this week, proposed the transfer of Rs 6,000 a month into the bank accounts of 50 million families comprising the poorest of the poor with its Rs 3.6 lakh crore minimum income scheme, Nyuntam Aay Yojana (NYAY), if voted into power.

It’s a wage crisis

Indian Express | Manish Sabharwal | Feb. 14, 2019

The debate around unemployment is unhelpful — since 1947, unemployment has bounced between 3-7 per cent of India’s labour force. But reconciling this mathematical accuracy with our painful poverty — it has bounced between 25-75 per cent of our population since 1947, based on your definition of needs, wants and desires — needs an understanding of the “self-exploitation” theory proposed by the Russian economist Alexander Chayanov in the 1920s. <

Diagnosing the job crisis

Indian Express | Manish Sabharwal | Jan. 18, 2019

What makes farm loan waivers attractive election rhetoric? Why did the new Madhya Pradesh government mention restrictions on inbound out-of-state migration? And will the 10 per cent economically backward reservation be enough when less than 1 per cent of new jobs are government jobs? I make the case that all three interventions are symptoms of one disease — India’s millions of murdered formal MSME employers.

Opinion | Changing the Indian state from bully to ally

Live Mint | Manish Sabharwal & Sandeep Agarwal | Dec. 13, 2018

The next avatar of our EODB programme must aim to decisively shift the Indian state from being an MSME bully to an MSME allyA dictionary suggests that a bully is “someone who frightens someone else” and an ally is “someone who helps and supports someone else”. Do our 63 million micro, small and medium enterprises (MSMEs) view the Indian state as a bully or an ally? <

Ludo vs Snakes & Ladders

Indian Express | Manish Sabharwal | Nov. 28, 2018

Ludo and Snakes & Ladders are both very different games even though both involve rolling a dice. Ludo is more laborious, but you know where you are going, and you will eventually get there. In Snakes & Ladders, the ladders create an illusion of accelerating progress, but the game has more snakes than ladders, the snakes are often longer than ladders, and progress is therefore volatile, patchy and unpredictable. I’d like to make that case that a) success in creating fertile habitats for formal job creation — ease-of-doing business (EODB) — is more like Ludo rather than Snakes & Ladders and the work of decades, b) India’s move from 142 to 77 in EODB rankings over the recent past is a self-fulfilling prophecy that should be celebrated more, and c) our urgent and unfinished agenda in EODB is regulatory rationalisation and civil service reform. Let’s look at each in more detail.

Ease of Show Business

Economic Times | Manish Sabharwal & Rishi Agarwal | Aug. 26, 2018

In 1948, Vallabhai Patel wrote to Jawaharlal Nehru, "The economic malaise the country has been suffering continues because we have been unable to secure the cooperation of Industry. Unfortunately, for India's youth and business, the 1955 Avadi Congress resolution ignored his concern and began and multi-decade discouragement of cooperation with industry that made India a hostile habitat for private Job Creation.

Avantis - Transforming Your Governance, Risk and Compliance Processes

CIO Review | Emmanuel Cristi Das | Oct. 6, 2017

Avantis bring highly flexible, scalable and secure technology which is user-friendly. The company has automation solutions in Compliance, Audit, ICFR and Loan against Shares Management. Avantis solutions help businesses migrate from ad-hoc, people-dependent and manual processes to institutionalized, process-oriented and automated processes.