News for 'Global Compliance'

Decentro Secures Key Licence For Global Payment Services

Decentro Secures Key Licence For Global Payment Services

Rediff.com1 Jun 2026

Fintech platform Decentro has received final approval for a Payment Service Provider (PSP) licence from the IFSCA at GIFT City, enhancing its cross-border payment capabilities.

Net direct tax revenue rises 16.4%

Net direct tax revenue rises 16.4%

Rediff.com7 days ago

India's net direct tax collections have surged by 16.4 per cent year-on-year to 6.51 trillion as of July 13, primarily driven by robust growth in corporate tax receipts, according to provisional data from the Central Board of Direct Taxes (CBDT).

Meta Flags DPDP Compliance Timeline Concerns

Meta Flags DPDP Compliance Timeline Concerns

Rediff.com4 Mar 2026

'We do have some concerns with the timeline being shortened from 18 to 12 months.'

59 India-Bound Vessels Transited Hormuz Since War

59 India-Bound Vessels Transited Hormuz Since War

Rediff.com18 hours ago

India has successfully evacuated 59 vessels, including 23 Indian-flagged and 36 foreign-flagged ships carrying cargo for India, from the Strait of Hormuz since March 1, 2026, amid fresh attacks and declining shipping traffic, Shipping Minister Sarbananda Sonowal informed the Rajya Sabha.

How IndiaAI Mission Is Helping AI Startups Scale Globally

How IndiaAI Mission Is Helping AI Startups Scale Globally

Rediff.com17 Apr 2026

The IndiaAI Mission, under MeitY, has selected 10 Indian AI startups for its Global Acceleration Programme, aimed at fostering international growth and innovation.

GST Collections Hit Rs 1.95 Lakh Crore in June, Driven by Import Growth

GST Collections Hit Rs 1.95 Lakh Crore in June, Driven by Import Growth

Rediff.com1 Jul 2026

India's Goods and Services Tax (GST) collections saw a significant 14 per cent increase in June, reaching approximately Rs 1.95 lakh crore. This surge was primarily driven by a substantial 34.6 per cent growth in tax mop-up from imports, alongside a 6.5 per cent rise in domestic supplies, reflecting the country's economic resilience despite global uncertainties.

UP launches crackdown on illegal coaching centres, several sealed

UP launches crackdown on illegal coaching centres, several sealed

Rediff.com24 Jun 2026

In a bid to provide students with a safe, transparent and quality educational environment, a special drive is being conducted across Uttar Pradesh to strengthen the regulation of coaching institutes and against illegal coaching centres.

Chhoti SIP Growth Faces High Exit Rates

Chhoti SIP Growth Faces High Exit Rates

Rediff.com6 days ago

'Periods of heightened volatility, driven by global events such as tariffs and geopolitical tensions over the past year-and-a-half, can make some investors pause or discontinue their investments.'

Are You A Freelancer? Here's An ITR Guide

Are You A Freelancer? Here's An ITR Guide

Rediff.com13 Jul 2026

Tax treatment depends on the activity and manner of earning income.

'Removed 1.6L India accounts': Meta details crackdown on child abuse content

'Removed 1.6L India accounts': Meta details crackdown on child abuse content

Rediff.com8 Jul 2026

Meta on Tuesday published a detailed blog outlining its efforts to combat child sexual abuse material across its apps, citing AI-powered detection, ad review systems and large-scale enforcement actions, days after the government issued a notice to the social media giant over reports of Instagram advertisements promoting such content.

10 AI Careers For Fresh Graduates

10 AI Careers For Fresh Graduates

Rediff.com7 days ago

Dr Lovi Raj Gupta, pro vice-chancellor, Lovely Professional University, explains how aspiring professionals can equip themselves for a competitive AI-driven job market.

US proposes additional duties on India, 53 other nations over forced labour imports

US proposes additional duties on India, 53 other nations over forced labour imports

Rediff.com3 Jun 2026

The US Trade Representative has proposed an additional 12.5 per cent duty on goods from 54 countries, including India, citing their failure to prohibit the import of goods produced with forced labour. India has denied the allegations and called for the matter to be resolved through bilateral trade negotiations.

Direct Tax Collection Jumps 15% to Rs 5.21 Trillion in First 2.5 Months of FY27

Direct Tax Collection Jumps 15% to Rs 5.21 Trillion in First 2.5 Months of FY27

Rediff.com19 Jun 2026

India's net direct tax collection has seen a robust 15 per cent increase, reaching approximately 5.21 trillion in the first two and a half months of FY27, as on June 17, driven by strong growth in both corporate and non-corporate tax segments.

M&M refines supply chain strategy to counter global disruptions

M&M refines supply chain strategy to counter global disruptions

Rediff.com7 May 2026

Mahindra & Mahindra (M&M) is implementing a comprehensive, multi-layered strategy to fortify its supply chains against geopolitical volatility, logistical challenges, and regulatory risks, drawing lessons from recent global disruptions.

Abuse videos: Capgemini shuts Bengaluru creche; reviews India facilities

Abuse videos: Capgemini shuts Bengaluru creche; reviews India facilities

Rediff.com4 Jul 2026

Capgemini has temporarily closed its Bengaluru on-campus daycare facility following reports and viral videos of alleged toddler abuse by caregivers. The IT firm is reassessing all its daycare providers across India and providing support to affected families. This action comes after Bengaluru police arrested two nannies in connection with the alleged abuse, which included threatening and mistreating children. Karnataka Home Minister Priyank Kharge condemned the incident, highlighting its negative impact on 'Brand Bengaluru' and questioning the company's due diligence.

Pharma distributor's licence cancelled over Kota C-section deaths

Pharma distributor's licence cancelled over Kota C-section deaths

Rediff.com26 Jun 2026

The World Health Organization has requested information from the Indian government regarding the alleged supply of spurious oxytocin injections linked to the deaths of five women in Kota hospitals. This comes after regulatory action, including the cancellation of manufacturing licenses for Jackson Laboratories units, following joint inspections by drug control bodies. The government is investigating the matter, emphasising a zero-tolerance approach to quality violations.

HC okays clearing mangroves for mega Maharashtra port project

HC okays clearing mangroves for mega Maharashtra port project

Rediff.com25 Jun 2026

The Bombay High Court has approved the removal of mangroves for the Vadhvan Port Project in Palghar, Maharashtra, citing its public importance and economic significance. This clearance paves the way for accelerated execution of the Rs 76,220 crore project, which aims to position India among the top 10 container port nations globally.

Sebi Cuts Paperwork for Investor Heirs

Sebi Cuts Paperwork for Investor Heirs

Rediff.com7 Jul 2026

These new provisions are expected to help heirs access securities faster.

Enforcement Directorate Investigates Vedanta Group For Forex Violations

Enforcement Directorate Investigates Vedanta Group For Forex Violations

Rediff.com2 Jun 2026

The Enforcement Directorate has launched a foreign exchange violation investigation against Vedanta Group, conducting searches at its premises in multiple locations.

Starlink in 'Productive Discussions' with India, Awaits Final Clearance

Starlink in 'Productive Discussions' with India, Awaits Final Clearance

Rediff.com10 Jun 2026

Elon Musk's Starlink is in "active and productive discussions" with the Indian government, awaiting final regulatory clearance, including spectrum allocation, to launch its satellite internet services, despite media reports suggesting a freeze on approvals.

Indian Companies Outpace Global Peers in AI Implementation, Reveals Deloitte Report

Indian Companies Outpace Global Peers in AI Implementation, Reveals Deloitte Report

Rediff.com22 Mar 2026

A Deloitte report reveals that Indian enterprises are leading the world in large-scale AI adoption, but are facing a significant skills gap in AI expertise.

Right to trauma care integral part of right to life: SC

Right to trauma care integral part of right to life: SC

Rediff.com28 May 2026

The Supreme Court of India has directed all states and Union territories to operationalise a single helpline number '112' for emergency responses and establish a functional good samaritan grievance redressal system within three months, emphasising that the right to trauma care is an integral part of the right to life.

Want OpenAI Shares? Read This First

Want OpenAI Shares? Read This First

Rediff.com17 Jun 2026

Investors should do thorough due diligence when selecting a platform.

GST Returns May Lose Edit Option

GST Returns May Lose Edit Option

Rediff.com22 May 2026

Businesses may eventually have to file returns largely based on invoices uploaded by suppliers, with limited scope for manual changes.

Walmart's India Sourcing Crosses $40 Billion Mark, Bolstering Export Push

Walmart's India Sourcing Crosses $40 Billion Mark, Bolstering Export Push

Rediff.com8 May 2026

Retail giant Walmart has announced that India has become one of its fastest-growing sourcing hubs globally, with the company having procured over $40 billion worth of goods from the country. This initiative aims to expand supplier capabilities, improve compliance standards, and help Indian manufacturers scale exports worldwide.

Gulf nations welcome Iran-US deal, urge protection of maritime routes

Gulf nations welcome Iran-US deal, urge protection of maritime routes

Rediff.com16 Jun 2026

The Gulf countries on Monday welcomed a peace deal reached between the US and Iran to end their conflict and called for protection of maritime routes and freedom of international navigation, including the uninterrupted flow of traffic through the Strait of Hormuz.

Will continue purchasing Russian oil regardless of...: India

Will continue purchasing Russian oil regardless of...: India

Rediff.com18 May 2026

India will continue to purchase Russian oil based on commercial viability and energy security needs, irrespective of US sanctions waivers, according to a senior petroleum ministry official.

80 lakh women removed from Maharashtra's Ladki Bahin scheme

80 lakh women removed from Maharashtra's Ladki Bahin scheme

Rediff.com1 Jun 2026

Around 80 lakh women in Maharashtra have been disqualified from the Mukhyamantri Majhi Ladki Bahin scheme after failing to meet the e-KYC deadline, leading to accusations from opposition parties that the state government is reducing beneficiaries due to financial constraints.

Fadnavis rides motorcycle to work after Modi's austerity call

Fadnavis rides motorcycle to work after Modi's austerity call

Rediff.com14 May 2026

Maharashtra Chief Minister Devendra Fadnavis rode a motorcycle to work following Prime Minister Modi's appeal to cut down fuel consumption amid the ongoing conflict in West Asia.

HC upholds 'right to be forgotten', orders de-indexing of acquittal records

HC upholds 'right to be forgotten', orders de-indexing of acquittal records

Rediff.com1 Jun 2026

The Delhi High Court has recognised an individual's 'right to be forgotten', ruling that search engines cannot perpetually display judicial records in name-based searches for private cases or those ending in acquittal.

Byju's Founder Byju Raveendran Sentenced to Jail in Singapore for Contempt of Court

Byju's Founder Byju Raveendran Sentenced to Jail in Singapore for Contempt of Court

Rediff.com27 May 2026

Byju Raveendran, founder of the embattled edtech firm Byju's, has been sentenced to six months in jail by a Singapore court for contempt of court over alleged non-compliance with disclosure orders, a ruling he described as "procedural" and plans to appeal.

ICICI Bank Demands Rs 100 Crore from Fintechs for Alleged Merchant Misclassification

ICICI Bank Demands Rs 100 Crore from Fintechs for Alleged Merchant Misclassification

Rediff.com1 Jun 2026

ICICI Bank is seeking recoveries of at least 100 crore from fintech firms, alleging merchant misclassification of their business, a practice that has eroded the bank's interchange income. The dispute, lodged with global card network Visa, highlights growing discomfort among banks and intensified scrutiny from the Reserve Bank of India.

NITI Aayog Member Gauba Outlines Sweeping Deregulation to Boost Ease of Doing Business

NITI Aayog Member Gauba Outlines Sweeping Deregulation to Boost Ease of Doing Business

Rediff.com13 May 2026

NITI Aayog Member Rajiv Gauba has detailed an extensive deregulation agenda, moving India towards a 'permitted unless prohibited' principle to dismantle new forms of the Licence Raj and clear 'regulatory cholesterol' for businesses.

India, Venezuela vow long-term energy tie-up

India, Venezuela vow long-term energy tie-up

Rediff.com4 Jun 2026

India's procurement of Venezuelan crude oil has picked up momentum since April and the South American nation has already emerged as the third largest oil supplier to the country.

Can't treat compliance as a quarter-end activity: RBI DG

Can't treat compliance as a quarter-end activity: RBI DG

Rediff.com13 Jan 2026

Banks cannot treat compliance as a quarter-end activity, and must have stronger operational discipline and data governance throughout the year, Reserve Bank of India (RBI) Deputy Governor Swaminathan J said in a speech at the Third Annual Global Conference of the College of Supervisors.

Israel defies US-Iran pact, refuses to withdraw from Lebanon

Israel defies US-Iran pact, refuses to withdraw from Lebanon

Rediff.com15 Jun 2026

Israel's Defence Minister Israel Katz declared that the Israeli military will not withdraw from its security zones in Lebanon, Syria, and Gaza, directly opposing the newly announced American-led diplomatic framework with Tehran. National Security Minister Itamar Ben-Gvir further asserted Israel's sovereignty, stating, "Trump's agreement does not bind us. Israel is not subject to the United States, and we are an independent and sovereign nation!"

Want To Own Ultra-Exclusive Cars?

Want To Own Ultra-Exclusive Cars?

Rediff.com15 Jun 2026

'I own a few cars that I have had specified minutely to my taste, and it does feel nice to know that there are no other vehicles like them anywhere in the world.'

IBM, Yotta Join Forces To Offer AI Platform In India

IBM, Yotta Join Forces To Offer AI Platform In India

Rediff.com7 May 2026

IBM and Yotta Data Services have announced a partnership to deliver an agentic artificial intelligence (AI) platform for enterprises and government organisations in India, leveraging IBM WatsonX Orchestrate and Yotta's Shakti Cloud.

35 vessels transited via Hormuz in 24 hrs with our 'permission': IRGC Navy

35 vessels transited via Hormuz in 24 hrs with our 'permission': IRGC Navy

Rediff.com22 May 2026

As many as 35 vessels, including cargo carriers and oil tankers, successfully navigated through the strategic maritime chokepoint of the Strait of Hormuz over the last 24 hours, according to Iran's state media reports citing a formal declaration by the Islamic Revolutionary Guard Corps (IRGC) Navy.

'Conversation going on': Trump rejects reports of breakdown in US-Iran talks

'Conversation going on': Trump rejects reports of breakdown in US-Iran talks

Rediff.com3 Jun 2026

US President Donald Trump has dismissed media reports suggesting that diplomatic negotiations between Washington and Tehran have stalled, maintaining that dialogue persists despite intensifying geopolitical friction across the Middle East.