PHD Chamber

Title -  New Labour Codes 2026: Comprehensive Compliance Checklist for Employers and MSMEs PHD Chamber of Commerce and Industry (PHDCCI) commends the Government of India, under the leadership of the Prime Minister and the Ministry of Labour and Employment, for bringing the four Labour Codes into force on 21 November 2025. It is the most comprehensive overhaul of India’s labour laws since Independence. The reform replaces 29 central laws, many dating from the colonial and early post-Independence era, with four modern Codes. The Government has also delivered on implementation. Final Central Rules and the Model Standing Orders followed on 8–9 May 2026, and new EPF, EPS and EDLI Schemes took effect on 29 June 2026. Industry now has the clarity it needs to plan, invest and hire. https://www.phdcci.in/blog/new-labour-codes-2026-comprehensive-compliance-checklist/

Title -  India CPI inflation, CPI inflation August 2026, WPI inflation India, why is inflation rising in India India’s macroeconomic landscape has shifted abruptly, transforming retail inflation from an economic tailwind into a persistent headwind. Headline retail inflation surged from 2.74% in January 2026 to 4.82% in August. According to data released by the Ministry of Statistics and Programme Implementation (MoSPI) on 14 September 2026, this marked the third consecutive month that inflation breached the Reserve Bank of India’s (RBI) 4% medium-term target. This escalating price volatility is reverberating across corporate balance sheets. Rising input costs are squeezing operating margins, while accelerating food and fuel bills are increasing, and continues to diminish household purchasing power. Consequently, discretionary demand is cooling just as borrowing costs climb. Below, we unpack the August metrics, trace the underlying catalytic forces, evaluate the monetary policy outl...

Title -  Why Are Global Companies Expanding Their Global Capability Centres (GCCs) in India In the rapidly shifting landscape of the global economy, multinational corporations are fundamentally rethinking their global operating models. At the heart of this strategic recalibration lies a definitive shift towards India. For decades, the narrative surrounding corporate expansion into South Asia was largely anchored in cost arbitrage-a relentless pursuit of operational efficiency through labor cost savings. Today, however, that narrative has been completely rewritten. We are witnessing the unprecedented rise of GCCs in India, transforming the country from the world’s back office into its most critical engine for innovation, research and development (R&D), and deep tech enablement. https://www.phdcci.in/blog/why-are-global-companies-expanding-their-global-capability-centres-gccs-in-india/

Title -  Why Are Global Companies Expanding Their Global Capability Centres (GCCs) in India In the rapidly shifting landscape of the global economy, multinational corporations are fundamentally rethinking their global operating models. At the heart of this strategic recalibration lies a definitive shift towards India. For decades, the narrative surrounding corporate expansion into South Asia was largely anchored in cost arbitrage-a relentless pursuit of operational efficiency through labor cost savings. Today, however, that narrative has been completely rewritten. We are witnessing the unprecedented rise of GCCs in India, transforming the country from the world’s back office into its most critical engine for innovation, research and development (R&D), and deep tech enablement. https://www.phdcci.in/blog/why-are-global-companies-expanding-their-global-capability-centres-gccs-in-india/

Title -  RBI Repo Rate Hike to 5.50%: Economic Ramifications on Home Loan EMIs, MSME Credit, and Industrial Growth The Reserve Bank of India raised the policy repo rate by 25 basis points to 5.50% on 7 October 2026, with the RBI Monetary Policy Committee (MPC) voting unanimously in favor of the hike. Marking its first-rate increase since February 2023, the MPC also shifted its stance from “neutral to calibrated tightening.” The October 2026 announcement highlights diverging macro indicators: The central bank revised its FY2027 growth forecast upwards to 7.1% while raising its inflation projection to 5.2%. Resilient growth momentum provided the MPC the leeway to act, while persistent inflation pressures supplied the imperative to increase repo rate .  https://www.phdcci.in/blog/rbi-repo-rate-hike-to-5-50-economic-ramifications-on-home-loan-emis-msme-credit-and-industrial-growth/

Title -  New Labour Codes 2026: Compliance Checklist for Employers and MSMEs For many organizations, travel control is strongest before the journey begins. Flights and hotels may follow company policy. Approvals are completed. Bookings are recorded. Then the employee starts travelling. Airport transfers, local transportation, meals, itinerary changes and other expenses begin appearing across invoices, cards, reimbursement claims and different systems. This is where organizations can lose visibility. Effective travel and expense management should therefore connect what was planned before the trip with what was actually spent during and after it. 1. Booking Data Shows Only Part of the Cost Suppose an employee's flight costs ₹12,000 and the hotel costs ₹18,000. The booking system may initially show a ₹30,000 trip. But the final business cost could also include: Airport transfers Local transportation Meals and incidentals Booking changes...