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IASB Exposure Draft on Severe Hyperinflation (proposed amendment to IFRS 1)

November 20, 2010 552 Views 0 comment Print

IASB Exposure Draft on Severe Hyperinflation (proposed amendment to IFRS 1) (Comments to be received by November 26, 2010) – (19-11-2010) The International Accounting Standards Board has issued this Exposure Draft on Severe Hyperinflation a proposed amendment to IFRS 1 First-time Adoption of International Financial Reporting Standards. The amendment proposes guidance on how an entity […]

IASB Exposure Draft on Stripping Costs in production phase of a Surface Mine

November 20, 2010 480 Views 0 comment Print

The International Accounting Standards Board’s IFRS Interpretations Committee has issued this Exposure Draft on IFRIC interpretation Stripping Costs in the production phase of a Surface Mine containing proposed guidance on the accounting for stripping costs in the production phase of a surface mine.

IASB Exposure Draft on annual improvements process- Proposals to amend Due Process Handbook for the IASB (Comments to be received by November 26, 2010)

November 20, 2010 718 Views 0 comment Print

The International Accounting Standards Board’s IFRS Interpretations Committee has issued this Exposure Draft on IFRIC interpretation The annual improvements process: Proposals to amend the Due Process Handbook for the IASB with the objective of whether the proposed criteria provide a sufficient and appropriate basis for assessing whether matters relating to the clarification or correction of IFRSs should be addressed using the annual improvements process.

IASB Exposure Draft on Effective Dates and Transition Methods (Comments to be received by December 16, 2010)

November 20, 2010 345 Views 0 comment Print

The International Accounting Standards Board (IASB) and the US Financial Accounting Standards Board (FASB) has issued this Request with the objective of seeking views on when new financial reporting standards resulting primarily from their work to improve and achieve convergence of International Financial Reporting Standards (IFRSs) and US generally accepted accounting principles (GAAP) should become effective.

IASB Exposure Draft on Strategy review consultation document (Comments to be received by December 15, 2010)

November 20, 2010 402 Views 0 comment Print

The Trustees of the IFRS Foundation, the oversight body of the International Accounting Standards Board (IASB), has issued this first-stage consultation document designed to solicit input on the strategy of the IFRS Foundation as it enters its second decade. The Trustees are seeking views of stakeholders on four strategic fronts—the IFRS Foundation’s mission, governance, the standard-setting process, and financing of the IFRS Foundation.

India writes to 78 countries for amending existing tax treaties and examining black money estimate reports

November 19, 2010 465 Views 0 comment Print

India has begun the trail for money allegedly stashed away in secret bank accounts in tax havens. Finance minister Pranab Mukherjee on Friday told delegates at the Hindustan Times Leadership Summit that has India has written to 78 countries for amend

Greater Mohali Area Development Authority (GMADA) under Income Tax scanner

November 19, 2010 1215 Views 0 comment Print

The Greater Mohali Area Development Authority (GMADA) came under the scanner of Income Tax (I-T) department on Wednesday. A team of I-T sleuths, headed by Assistant Commissioner Preneet Suri, swooped on the GMADA office at PUDA Bhawan in Sector 62

Government Aiming at Double Digit GDP Growth in Medium Term-FM

November 19, 2010 429 Views 0 comment Print

One Trillion US Dollar Required for Infrastructure Sector: FM Financial Sector Legislative Reforms Commission to be Set up to Clean up Financial Sector Laws: FM

Savings Rate is Likely to Rise Further- FM

November 19, 2010 429 Views 0 comment Print

Union Finance Minister Shri Pranab Mukherjee has expressed confidence that we are in a position to sustain high economic growth in the coming decades and create a more inclusive outcome for our society. The ambitious programme of providing unique ide

National Pension Scheme for Poor Persons

November 19, 2010 414 Views 0 comment Print

The Interim Pension Fund Regulatory and Development Authority (PFRDA) has authorized 40 institutions including public sector banks, private banks and the Department of Posts as Points of Presence (POPs) for selling the New Pension system (NPS) to the

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