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IFRS 17
RBI discontinues investment fluctuation reserve requirement for banksThe Reserve Bank of India has discontinued the Investment Fluctuation Reserve for commercial banks. This change takes effect from May 18, 2...- Belgian insurer Ageas eyes India growth, explores acquisitions for expansionBelgium's Ageas Group is prioritizing India's growth, aiming to break into the top 10 insurers in both life and non-life segments. The comp...
- New accounting standards for insurance notified, raise investment chancesThe Ministry of Corporate Affairs has introduced new accounting standards for insurance contracts, harmonizing them with global norms. Thes...
- New accounting standard for insurance soonThe ministry of corporate affairs (MCA) has received recommendations by the National Financial Reporting Authority (NFRA) on the Indian Acc...
- NFRA reviews proposals for new accounting standards for insurance contractsNFRA will share its recommendations with the ministry of corporate affairs, which will consider the Ind AS 117 and notify the standards und...
- India's IFR invite gets 'unfavourable' response from PakistanDhowan said Pakistan had participated in the Indian Ocean Naval Symposium (IONS) in 2008, an interaction of navies, launched by India.
- Irdai defers Ind-AS implementation to April 2020The authority has approved the regulatory override whereby the implementation of Ind-AS in the insurance sector has been deferred by two ye...
- ET in the classroom: The new accounting norms for India IncIn 2009, India made a commitment towards the convergence of Indian accounting standards with International Financial Reporting Standards at...
- Final report on new accounting norms likely within 15 daysThe report will specify certain carveouts or exceptions since India is only converging with IFRS and not adopting the norms entirely.
- ICAI working on changes to Indian Accounting StandardsAmong the finalised Ind ASs include those related to consolidated financial statements, fair value measurement and employee benefits.
- NACAS to complete IFRS convergence report by November-endChopra said that the panel would complete its report by November-end and the first meeting of the re-constituted committee is expected to b...
- New accounting norms may impact shareholder interestIndia Inc is gearing up for transition towards a new set of accounting standards for preparing financial statements.
- Managing the pitfalls for Ind-AS adoption in IndiaIn the Union Budget for the year 2014-15, the Honourable Minister for Finance, Defence and Corporate Affairs proposed for adoption of IFRS ...
- Adoption of International Financial Reporting Standards shall help PSUs compete globally: SCOPEFinance Minister Arun Jaitley, in his Budget speech on July 10, had said there was an urgent need to converge the current Indian accounting...
- Ministry of Corporate Affairs to hold discussions with representatives of ICAI on new accounting standards tomorrowThe government has proposed implementing the Indian Accounting Standards (Ind AS) that is converged with international norms.
- Not all accounting firms can adopt IFRS from 2015-16 as Budget proposes: ExpertsExperts point out that intervening period may be insufficient for firms to converge with global norms.
- Budget 2014: New Indian Accounting Standards by 2016-17 a welcome step, says DeloitteIt is unclear whether new standards will be applied to stand-alone company accounts or to consolidated accounts.
- Budget 2014 proposes convergence of Indian accounting standards with IFRSIn his Budget speech FM said that the converged accounting standards will become mandatory from FY 2016-17.
- CAs face major challenge from MBAs: Kumar Mangalam BirlaAditya Birla Group Chairman Kumar Mangalam Birla today said there is strong need to expand the curriculum of CA courses beyond accounting.
- Infosys ups fiscal guidance by 6% to Rs 33,795 croreEarnings per share (EPS)for fiscal is expected to be Rs 144, projecting 21% YoY growth and 9% higher than previous guidance.
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