E-PaperAccounting Standard News
Government notifies new accounting standard on leases; effective from 1 April
The Indian Accounting Standard (Ind AS) 116 is expected to have a significant impact on various industriesIt has been notified by the corporate affairs ministry
1 min read31 Mar 2019RBI again defers Indian Accounting Standards implementation by banks
RBI had postponed the implementation of the Indian Accounting Standards by the banks by one yearRBI in February 2016 had proposed implementation of new accounting standards for banks
1 min read23 Mar 2019DLF Cyber City’s performance partially offsets IndAS impact
The 67% share in DLF Cyber City's profit amounting to 254 crore lifted the DLF Ltd's consolidated net profit to 185 crore
2 min read13 Aug 2018Tech Mahindra Q1 net profit up 12.4% to Rs898 crore
Tech Mahindra's consolidated revenue stood at Rs8,276.3 crore in the quarter under review, up 12.8% from Rs7,336.1 crore in the year-ago period
1 min read30 Jul 2018Nightmare of Indian Accounting Standard 115 comes to haunt firms in the real estate sector
Most realty firms in the listed universe such as DLF, Godrej Properties, Phoenix Mills and Sobha would take a one-time hit in their profit and loss account
3 min read17 Jul 2018Not all homebuyers to get first claim on liquidation proceeds
All financial creditorsboth secured and unsecuredhave equal rights in deciding a turnaround plan for a bankrupt builder, but if the firm slips into liquidation, they are no longer equal in the priority list for asset sale proceeds
2 min read14 Jun 2018The myopia of modern capitalism will bring our doom
Far from encouraging long-term thinking, arms-length capitalism removed the incentive for it and encouraged short-term thinking in both managers and owners
4 min read30 Apr 201812 IPOs lined up for the next 2 months to raise Rs17,000 crore
Introduction of IndAS accounting standards is seen as one of the reasons why IPO-bound firms have not approached the market so far in the June quarter
2 min read23 Apr 2018Banks get one more year to adopt Indian accounting standards
RBI deputy governor N.S. Vishwanathan says that banks are still not prepared to move to Ind AS and therefore they have decided to defer its implementation by a year
1 min read5 Apr 2018No RBI decision on implementing IndAS yet: deputy governor N.S. Vishwanathan
RBI deputy governor says the bank has not yet taken a decision on implementing the new accounting standards, IndAS, hinting at a possibility of missing the 1 April deadline
1 min read9 Feb 2018Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared