Indian Accounting Standards

IT major Infosys on Monday announced that a meeting of its Board of Directors will be held on October 12 and 13 this year. "The Directors will approve and take on record the audited consolidated financial results and its subsidiaries as per Indian Accounting Standards (INDAS)/International Financial Reporting Standards (IFRS) for the quarter and ha...

Prime Minister Narendra Modi called chartered accountants a "big pillar" of the Indian economy and urged them to bring technological innovations to meet global standards

The Ministry of Road Transport and Highways has already initiated discussion with the Bureau of Indian Standards (BIS) to help address the urgent need.

The conclusion is based on PwC's Ind AS Impact analysis that covered the reported results of all the Ind AS-impacted Nifty 50 and Nifty Next 50 companies.

Capital goods and infrastructure are among the sectors that are likely to be most impacted by a switch to the new Indian Accounting Standards (Ind AS), expected to induce volatility in corporate financial statements, says a Crisil report.

To ensure a smooth transition, the Securities and Exchange Board of India (Sebi) on Wednesday said certain relaxations would be provided to listed companies for submitting their financial statements that are compliant with the new accounting norms.

The Securities and Exchange Board of India (Sebi) on Tuesday allowed more time for listed companies to submit their financial statements that are compliant with the new accounting standards.

In the wake of changes in various regulations, companies need risk management and regulatory knowledge the most to improve their overall reporting levels, says a report.

With less than a fortnight left for formal adoption of Indian Accounting Standards, over half of the companies aren't ready for the transition, a survey by PwC found.

Indian economy is less vulnerable to external shocks as it is mainly driven by household consumption and government spending, and not dependent on hot money which can move out quickly, Standard & Poor's Rating Services said on Tuesday.

Taking forward the implementation of new accounting standards, the government expects to notify the Income Computation and Disclosure Standards (ICDS) by March 15.

In 1750, India accounted for one-quarter of the world's manufacturing output, but by 1900 that was down to 2 percent. The West became more productive as a result of the Industrial Revolution, and India lost much of its leading export sector, textiles. While the data is fragmentary, the best estimates show that India's living standards declined thro...

Standard Chartered has sharply cut its forecast on India's current account deficit for 2013-14 to $45 billion, or 2.5 per cent of GDP, from its August expectation of $71.8 billion, or 4.0 per cent of GDP, on likely subdued oil imports and robust exports in the second half of the current fiscal year that started in April.

Indian stocks will hit a record high this year on looser monetary policy and fiscal reforms, but concerns over a widening budget deficit could limit the upside, a Reuters poll predicted.

The per capita monthly income, a measure to assess standard of living, grew at a slower rate of 13.7 per cent to Rs 5,130 in 2011-12 at current prices compared to Rs 4,513 in 2010-11.

IT major Infosys on Monday announced that a meeting of its Board of Directors will be held on October 12 and 13 this year. "The Directors will approve and take on record the audited consolidated financial results and its subsidiaries as per Indian Accounting Standards (INDAS)/International Financial Reporting Standards (IFRS) for the quarter and ha...

Prime Minister Narendra Modi called chartered accountants a "big pillar" of the Indian economy and urged them to bring technological innovations to meet global standards

The Ministry of Road Transport and Highways has already initiated discussion with the Bureau of Indian Standards (BIS) to help address the urgent need.

The conclusion is based on PwC's Ind AS Impact analysis that covered the reported results of all the Ind AS-impacted Nifty 50 and Nifty Next 50 companies.

Capital goods and infrastructure are among the sectors that are likely to be most impacted by a switch to the new Indian Accounting Standards (Ind AS), expected to induce volatility in corporate financial statements, says a Crisil report.

To ensure a smooth transition, the Securities and Exchange Board of India (Sebi) on Wednesday said certain relaxations would be provided to listed companies for submitting their financial statements that are compliant with the new accounting norms.

The Securities and Exchange Board of India (Sebi) on Tuesday allowed more time for listed companies to submit their financial statements that are compliant with the new accounting standards.

In the wake of changes in various regulations, companies need risk management and regulatory knowledge the most to improve their overall reporting levels, says a report.

With less than a fortnight left for formal adoption of Indian Accounting Standards, over half of the companies aren't ready for the transition, a survey by PwC found.

Indian economy is less vulnerable to external shocks as it is mainly driven by household consumption and government spending, and not dependent on hot money which can move out quickly, Standard & Poor's Rating Services said on Tuesday.

Taking forward the implementation of new accounting standards, the government expects to notify the Income Computation and Disclosure Standards (ICDS) by March 15.

In 1750, India accounted for one-quarter of the world's manufacturing output, but by 1900 that was down to 2 percent. The West became more productive as a result of the Industrial Revolution, and India lost much of its leading export sector, textiles. While the data is fragmentary, the best estimates show that India's living standards declined thro...

Standard Chartered has sharply cut its forecast on India's current account deficit for 2013-14 to $45 billion, or 2.5 per cent of GDP, from its August expectation of $71.8 billion, or 4.0 per cent of GDP, on likely subdued oil imports and robust exports in the second half of the current fiscal year that started in April.

Indian stocks will hit a record high this year on looser monetary policy and fiscal reforms, but concerns over a widening budget deficit could limit the upside, a Reuters poll predicted.

The per capita monthly income, a measure to assess standard of living, grew at a slower rate of 13.7 per cent to Rs 5,130 in 2011-12 at current prices compared to Rs 4,513 in 2010-11.