Business
Fin sector stakeholders must go beyond technical compliance, says Sebi chief
Corporate failures in India and across the globe, Pandey stressed, have taken place even where formal compliances existed but ethical substance was missing, “where governance failed, not because rules were absent, but because courage was.”
The Securities and Exchange Board of India (Sebi) chairman made these observations while speaking at the World Forum of Accountants 2.0, organised by the Institute of Chartered Accountants of India (ICAI) in Greater Noida.
National Financial Reporting Authority (NFRA) chief Nitin Gupta and Insolvency and Bankruptcy Board of India (IBBI) chairman Ravi Mital, too, spoke at the event.
AgenciesMaintaining Principles
Mital pitched for cutting the number of compliance requirements without compromising on the effectiveness of regulations or diluting corporate governance principles.
Ethical judgement
Pandey said the growing number of initial public offerings (IPOs)-320 in 2024-25 and 311 in the first nine months of the current financial year-signals that issuers increasingly view Indian markets as capable of providing scale, efficiency, and long-term capital. The impressive growth of various components of India’s capital market also indicates increasing stakeholder trust in the market as an institution.
While watchdogs, including Sebi, have been pursuing regulatory excellence, they remain conscious that financial governance is as much shaped by culture as the compliance, Pandey said. “The real question is no longer: ‘is this technically permissible?’ It is increasingly: ‘is this fundamentally fair? is this transparent? is this in the public interest?’”
“These are not questions that regulation alone can answer. They are questions that rest squarely on professional conscience,” he added.
Many areas of the financial ecosystem today-such as management estimates, valuation subjectivity, complex group structures, ESG narratives, non-financial disclosures, and forward-looking statements-are not governed by precise formulas. “They are governed by principles, by interpretation, by judgment. In such an environment, technical compliance alone is no longer sufficient,” Pandey said.
Against this backdrop, the role of chartered accountants also extends beyond just preparing or auditing financial statements of companies; they need to act as custodians of trust in the financial system, Pandey said.
Technology and auditing
The growing adoption of new-age technology, he underscored, will transform the profession but not replace judgment.
Technology will bolster audit quality and professional efficiency.
“But technology has its limits….It cannot replace the human responsibility to stand firm when uncomfortable questions must be asked,” Pandey said, highlighting the indispensability of continuous upskilling, and reinvention of the accounting profession.
‘Lower compliance needs’
Pitching for reducing the number of compliance requirements, IBBI’s Mital said the insolvency watchdog has roped in the Indian Institute of Management, Ahmedabad (IIMA) to look at bankruptcy regulations and suggest steps to reduce them where necessary to make compliances easier.
There is no dearth of laws and regulations but what is required is their more effective implementations, he said.
Business
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Stocks Slide After Trump Raises Global Tariffs to 15%
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Business
Thailand’s exports soared 24.4% in January 2026, marking the highest trade growth in four years
Thailand recorded its strongest trade growth in four years in January 2026, with exports jumping 24.4% and imports rising 29.4%, far exceeding economic forecasts.
This surge was primarily driven by a global “upcycle” in demand for electronics related to artificial intelligence and data centers, providing a significant boost to the Thai economy as the government navigates complex trade relations with the United States and China.
Key Points
- Thai exports and imports reached their highest growth rates since late 2021, fueled by outbound electronic shipments and high demand for raw materials and machinery.
- Trade officials attributed the export spike to genuine demand for AI-related technology rather than the transshipment of Chinese goods through Thailand to avoid tariffs.
- Thailand maintained a $4.8 billion trade surplus with the United States in January, while running a $7.2 billion trade deficit with China.
- The Commerce Ministry is prioritizing continued trade talks with the U.S. to maintain cooperation and mitigate the impact of proposed 15% global tariffs.
- The strong trade data provides political momentum for Caretaker Prime Minister Anutin Charnvirakul’s coalition government, which has pledged to improve Thailand’s economic growth relative to its regional competitors.
The Ministry of Commerce clarified that the export spike is a result of genuine demand rather than the transshipment of Chinese goods. This economic boost arrives as the caretaker government looks to accelerate Thailand’s growth to remain competitive with other major Southeast Asian economies.
What specific technological trends contributed to the 24.4% jump in Thai exports in January 2026?
the specific technological trends and factors that contributed to the 24.4% jump in Thai exports are:
- Artificial Intelligence (AI): The surge was primarily driven by high global demand for electronic components specifically related to AI technology.
- Data Centers: There was a significant “upcycle” in demand for electronics tied to the development and operation of data centers.
- Electronics Sector Upcycle: The broader electronics industry experienced a growth phase, leading to increased outbound shipments of electronic products.
- Inbound Demand for Infrastructure: While exports rose, the document also notes stronger demand for raw materials and machinery, which supported the overall trade activity linked to these sectors.
The Ministry of Commerce, specifically Nantapong Chiralerspong (Director-General of the Trade Policy and Strategy Office), clarified that this spike was a result of genuine demand for these specific technologies rather than the transshipment of Chinese goods through Thailand to avoid tariffs
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Savannah Guthrie Raises Reward to Up to US$1 Million, Acknowledges Mom ‘May Already be Gone’
Savannah Guthrie has taken to social media to announce that her family is willing to pay up to US$1 million (approximately $1.41 million) for information that can lead to the whereabouts of her mom Nancy.
Nancy Guthrie has been missing since February 1.
Guthrie Family Raises Reward
In a video posted on social media, Savannah Guthrie also acknowledged the possibility that her mom may already have passed away.
“We also know that she may be lost, she may already be gone,” she tearfully said in the video. “She may already have gone home to the Lord that she loves and is dancing in Heaven… and if this is what is to be, then we will accept it.”
“But we need to know where she is,” the “Today” host emphasized. “We need her to come home.”
According to PEOPLE, the family also donated US$500,000 to the National Center for Missing and Exploited Children.
A source close to the family also explained to PEOPLE why the family chose to raise the reward. The FBI’s reward of US$100,000 (approximately $141,000) remains active.
“The family first raised this on the first day of the investigation and has been ready to do this ever since,” the source said.
The source added, “They were advised by all involved in the investigation that doing so earlier might overwhelm the infrastructure set up to field leads, tens of thousands of which have been coming in organically.”
Savannah Guthrie’s full video is available below.
Nancy Guthrie Is Still Missing
Since her February 1 disappearance, Nancy Guthrie has yet to be found. She is believed to have been kidnapped by an armed man.
Nancy Guthrie’s surveillance cameras were able to capture the masked man, and the FBI described him as “male, approximately 5’9″ – 5’10” tall, with an average build.”
However, authorities are not ruling out that this masked man may have had an accomplice.
Pima County Sheriff Chris Nanos said that the search for the “Today” show host’s mom could take years.
“Maybe it’s an hour from now,” Nanos said, per The New York Times. “Maybe it’s weeks or months or years from now. But we won’t quit. We’re going to find Nancy. We’re going to find this guy.”
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