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LatestCorporate Compliance 3 November 2026

India Updates: Gold Prices Surge, Labour Bonus Rules, Bank FD Hikes

Gold prices climbed amid global tech sell‑offs while Delhi's labour department ordered statutory bonuses for outsourced workers ahead of the festive season. A former IT employee alleges forced resignation just before gratuity eligibility, and banks like ICICI raise FD and RD rates after the RBI's recent repo hike. Tamil Nadu's high court ordered temple staff wages to meet the Rs 176 daily minimum. These moves reflect shifting market dynamics and tighter labour compliance across India.

Gold Market
- Spot gold rose to 24K‑22K‑18K levels across major Indian cities, driven by a global tech and AI sell‑off. (Goodreturns)

Labour & Wage Updates
- Delhi Labour Department mandated statutory bonus payments for outsourced workers for FY 2025‑26, enforcing the Code on Wages and the Rs 21,000 wage ceiling. (ANI News)
- Tamil Nadu Madras High Court ordered HRCE to ensure temple employees receive at least the Rs 176 daily minimum wage. (VS Karnataka)

Bank Deposits
- ICICI Bank raised its Fixed Deposit and Recurring Deposit rates for November 2026 following RBI's repo hike; senior citizens see the highest returns. (Upstox)
- Comparative FD rate tables show SBI, HDFC, BOI and others also increasing yields. (Jagran Josh FD)

Employment Dispute
- An IT employee from MP claims the firm forced his resignation three months before he qualified for gratuity, alleging unfair labor practice. (News18)

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