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RBI eases compliance reporting norms for banks

14 Jul, 2016  Posted By Rajesh Krishnaswamy   Posted in RBI
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The financial scandals of the late 90s and early 2000s resulted in Reserve Bank of India (RBI) mandates to the various banks in India to submit regulatory reports primarily to prevent and deter frauds and money laundering. Today most of … Continue reading

 

XBRL Sustainable reporting brings accountability and transparency

04 Jul, 2016  Posted By Getsy Jenita J   Posted in xbrl
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The flow of information from one point to another is important to keep the ecosystem intact, especially in the financial world. Regulators need it to regulate the enterprises; investors need it to analyze the enterprises performance and take an investment … Continue reading

 

˜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 Modis visionary programme ˜Digital India. It aims to transform India into a digitally empowered society and knowledge economy. Digital Indias slogan is ˜Power To Empower, promising … Continue reading

 

RBI recognized for XBRL reporting initiative by XBRL International

02 Feb, 2016  Posted By Getsy Jenita J   Posted in RBI
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The Reserve Bank of India (RBI), the regulator and supervisor of the financial system in the country, has been awarded the XBRL International Award for Excellence by XBRL International, the global custodian of the eXtensible Business Reporting Language (XBRL), in … Continue reading

 

RBI shares their experience of XBRL implementation

11 Dec, 2015  Posted By Getsy Jenita J   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

 

BSEs 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