Ifr

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  RBI Proposes To Bring Expected Credit Loss Accounting For Banks

  RBI has proposed a five year transitional arrangement to address the higher provisioning requirement and avoid a capital shock.

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  2 Indian Navy Warships To Take Part In Chinese Fleet Review

  Two Indian Navy warships, namely the destroyer INS Kolkata and tanker INS Shakti, would be taking part in Chinese international fleet review to be held at Qingdao on April 23.

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  Ind AS 115: How Sector Revenue Changes Under The New Rules

  The new standard can result in both increases or decreases in previously reported revenues.

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  Starting Today, India Inc. Needs To Prepare For A New Way To Recognise Revenue  

  A revenue recognition standard may make structuring contracts a thing of the past.

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  Banks Set To See Higher Provisioning On New Norms In FY19

  The expected credit loss would depend on risk management models followed by banks.

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  Transition To Indian Accounting Standards: The Story In Numbers

  A look at India Inc’s Q1 & Q2 numbers under the new accounting standards.

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  Accounting Meets Religion In Challenge For Islamic Banks

  The problem for most Islamic financial products is that their accounting treatment can often diverge from the actual economic substance of a transaction, a key concept behind IFRS 9.

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  Banks May Delay International Financial Reporting Standard Adoption: Fitch

  Fitch expects the adoption of the new standard may lead to greater provisioning and earlier recognition of credit losses, which will have an impact on banks' financial statements and regulatory capital.

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  International Fleet Review: Naval Command Geared To Host 4-Day Event

  The Eastern Naval Command is all geared up to host the International Fleet Review (IFR) in Bay of Bengal off Visakhpatnam coast which begins tomorrow, a mega event that will witness participation from nearly 50 countries.

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  Strides Shasun Launches up to Rs 1,500 crore Share Sale : Report

  Indian pharmaceutical company Strides Shasun limited has launched a share sale to raise funds up to Rs1,500 crore, IFR reported on Friday, citing a source close to the transaction.

• MBAs are threats to CAs as professionals: Kumar Mangalam Birla

  Identifying MBAs as threat to CAs as professionals, noted industrialist Kumar Mangalam Birla on Friday asked the government to implement IFRS (international financial reporting standard) with utmost care.

• Global accounting norms to be implemented from next fiscal no matter what: Moily

  IFRS from next fiscal, even if the Direct Taxes Code does not take effect, says Moily

• Reliance Communications sets price range for $1 billion Singapore Cable IPO

  Global Telecommunications Infrastructure Trust plans to sell between 642.2 mn-757.6 mn units at a price range of $1.09 to $1.32 a unit.

• Manchester United picks New York Stock Exchange for IPO

  Manchester United has picked the New York Stock Exchange to make its stock market debut, ending months of speculation.

• HSBC to sell stakes in Axis Bank, Yes Bank

  HSBC will sell 19.6 million shares in Axis Bank for Rs 950.9 to 970.9 per share, and 16.8 million shares in Yes Bank for 381.1 to Rs 324.8 per share.