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‘Digital India’ to improve compliance reporting in India

21 Mar, 2016  Posted By Getsy Jenita J   Posted in xbrl

eGovernance has always been the dream for India, especially now with Prime Minister Narendra Modi’s visionary programme ‘Digital India’. It aims to transform India into a digitally empowered society and knowledge economy. Digital India’s slogan is ‘Power To Empower’, promising … Continue reading

 

RBI shares their experience of XBRL implementation

11 Dec, 2015  Posted By Rohan Shirdhankar   Posted in RBI
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Reserve Bank of India, the apex financial institution of the country had implemented data collection in standardised format since 2008 as a part of their regulatory and supervisory function. The data which is collected from the commercial banks, financial institutions, … Continue reading

 

BSE’s second step towards a greener world by shifting to digital reporting

16 Nov, 2015  Posted By Rohan Shirdhankar   Posted in BSE
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Bombay Stock Exchange (BSE), the most popular stock exchange in the country, has moved to XBRL based e-filings of financial results for the companies listed on the Exchange. This is the second initiative that has been taken by BSE, as … Continue reading

 

DataTracks: ready with the new Taxonomy for Commercial and Industrial (C&I) companies, India

22 Oct, 2015  Posted By Rohan Shirdhankar   Posted in MCA - XBRL in India

DataTracks, a leading provider of high-quality XBRL services and software has incorporated the latest taxonomy for Commercial and Industrial (C&I) companies based on notified provision of the Companies Act, 2013. Developed under the auspices of the Ministry of Corporate Affairs … Continue reading

 

DataTracks at XBRL International, Copenhagen

11 Sep, 2015  Posted By Rohan Shirdhankar   Posted in xbrl
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The 28th Annual XBRL International Conference concluded yesterday in Copenhagen, Denmark. As a meeting ground for the various stakeholders that make up the XBRL – and, in fact, more broadly, the Open and Standard Data – ecosystem, the conference was … Continue reading

 

Ministry of Corporate Affairs to revise the taxonomies for XBRL filing in India

28 Aug, 2015  Posted By Rohan Shirdhankar   Posted in MCA - XBRL in India
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Ministry of Corporate Affairs (MCA) has incorporated two significant modifications this year with regard to the XBRL filings. They are: Revamping the taxonomy for Commercial Industrial (C&I) companies in order to synchronise with the changes as per Companies Act, 2013 … Continue reading

 

Adoption of XBRL by Bombay Stock Exchange (BSE)

27 Jul, 2015  Posted By Rohan Shirdhankar   Posted in BSE
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In an earlier blog, we had talked about XBRL adoption in India. While the progress has been slow, it is tangible and steady. The Ministry of Corporate Affairs (MCA) has mandated that the filing of Annual Report and Cost Audit … Continue reading

 

XBRL: Beyond financial reporting – Part II

22 Jun, 2015  Posted By Rohan Shirdhankar   Posted in xbrl
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In our May blog, XBRL – Beyond Financial Reporting (Part I), we discussed how use of XBRL can benefit different areas such as Medical, Sustainability Reporting, Corporate Actions and  industries such as Energy, Transportation and Construction. Now we review some … Continue reading

 

XBRL – Beyond Financial Reporting (Part I)

29 May, 2015  Posted By Rohan Shirdhankar   Posted in xbrl
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XBRL was developed by a team at the American Institute of CPAs (AICPA) that was to eventually become XBRL International. The full story is a fascinating read and can be found here. The team conceptualized XBRL as a business reporting … Continue reading

 

XBRL and Visualization for Big Data Analysis

27 Apr, 2015  Posted By Rohan Shirdhankar   Posted in Big Data, MCA - XBRL in India, xbrl, XBRL Filings
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XBRL in India has come a long way from the time since it was implemented by the Government regulators in India, namely the Ministry of Corporate Affairs, Reserve Bank of India and the major Stock Exchanges (National Stock Exchange and … Continue reading