LatestCorporate Compliance 10 October 2026
India & China Unveil 2026 Wage, Labor and Finance Reforms
2026 sees a wave of regulatory shifts across India and China. India extends CGHS empanelment to New Delhi Centre for Sight, raises minimum wages for cleaning staff, launches new labour codes covering overtime, PF ceilings and payroll deadlines, and prepares UPI‑based PF withdrawals by December. Chinese authorities propose formal contracts for gig workers with wage safeguards. Meanwhile, India's GST council keeps tax rates steady and ten banks offer overdraft products with rates tied to fixed deposits.
- India updates
- - CGHS empanelment for New Delhi Centre for Sight in Gorakhpur (source)
- - Revised minimum wages for sweeping and cleaning workers effective Oct 1 2026 (source)
- - New labour codes outlining overtime, PF ceiling, ESI and payroll deadlines (source)
- - EPFO plans UPI‑based PF withdrawals by Dec 2026 (source)
- - 57th GST Council retains tax rates and adds compliance reset (source)
- - Ten banks/NBFCs offer overdraft facilities with interest 1% above FD rates (source)
- China update
- - Proposed rules to bring gig workers under formal employment contracts with minimum‑wage protections (source)
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