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English Release 20-October 2014
Date Month Year
  • President's Secretariat
  • President of India conveys greetings and best wishes to the President of Indonesia
  • Prime Minister's Office
  • Foreign Minister of Nepal calls on PM
  • PM congratulates Mr. Joko Widodo on being sworn in as the President of Indonesia
  • Text of Prime Minister Narendra Modi’s speech at the 42nd Annual Convocation Ceremony of AIIMS, New Delhi
  • PM delivers Convocation Address at the 42nd Convocation of AIIMS
  • Min of Agriculture
  • Indigenous Breed of Cow Has Great Potential to Increase Farm Income – Dr. Sanjeev Balyan
  • Min of Commerce & Industry
  • Union Commerce & Industry Minister Smt Nirmala Sitaraman launches website on e-governance initiatives of Coffee Board
  • Streamlining the Procedure for Grant of Industrial Licenses
  • Min of Corporate Affairs
  • Form ADT-1 available for filing
  • Min of Defence
  • Air Chief Marshal Arup Raha’s Visit to Japan
  • Senior Defence Officers Trained at Pune for assuming Senior Roles in Civil Industry
  • INS Teg Visits Simon's Town, South Africa for IBSAMAR
  • Ministry of Finance
  • Bankruptcy Reforms Committee
  • Min of Health and Family Welfare
  • PM to inaugurate World Ayurveda Conference on November 6
  • Min of Home Affairs
  • Police Commemoration Day to be observed tomorrow
  • Min of Information & Broadcasting
  • IIMC to be upgraded to a Communication University: Shri Prakash Javadekar
  • Min of Labour & Employment
  • Labour Minister Sh Narendra Singh Tomar calls for ‘balanced approach’ towards labourers
  • Union Government is Committed to Protect the Interests of Workers: Sh Narendra Singh Tomar
  • Min of Personnel, Public Grievances & Pensions
  • Dr. Jitendra Singh takes up issue of aggrieved students of ‘Prime Minister’s Special Scholarship Scheme for J&K’ with HRD Minister
  • Min of Petroleum & Natural Gas
  • Global crude oil price of Indian Basket was US$ 85.06 per bbl on 17.10.2014
  • Min of Skill Development, Entrepreneurship, Youth Affairs and Sports
  • India Won 6 Medals at 2nd Asian Para Games 2014 on 19th October, 2014
  • Min of Textiles
  • Textiles Minister inaugurates “Silk Fab” exhibition
  • Min of Urban Development
  • 400 new quarters made available for government employees in New Delhi
  • Ministry of Water Resources
  • Expert Advisory Group Constituted to Render Assistance to Matters Pertaining to Water Sector

Previous Date

 
Ministry of Corporate Affairs30-April, 2013 17:44 IST
New Norms for XBRL Filing

 

             New norms have been put in place for Extensible Business Reporting Language (XBRL) filing with effect from 6th October, 2011 for select class of companies. For the financial years 2010-11 and 2011-12 a total of  2,90,39 and 2,57,86 companies respectively have filed their Balance Sheet using the revised XBRL norms. Giving this information in written reply to a question in the Lok Sabha, Shri Sachin Pilot, Minister of Corporate Affairs, said that his Ministry had set up a Committee in November, 2011 comprising of XBRL experts and representatives from the corporate sector as well as the Institute of Chartered Accountants of India (ICAI) with the following terms of references:

i. Identification of class of companies and various reports to be filed in XBRL in a phased manner;

ii. Development of Taxonomies to be used by Corporates for their regulatory filings to government agencies; 

iii. Extensions in Taxonomies and XBRL Assurance framework;

iv. Training, awareness and capacity building of stakeholders; and

v.  Framework for consumption & dissemination of XBRL data.

Information regarding setting up the Committee and its terms of reference was put on the Ministry’s website: www.mca.gov.in for information of the general public, inviting suggestions and comments.  In response to this, a large number of suggestions were received regarding:

i.   New accounting concepts (elements) in the taxonomy;

ii. Approach that may be adopted in development of applicable taxonomies;

iii. Approach that may be adopted for resolving technical issues like ‘extensions’ in taxonomies and rendering of XBRL documents;

iv.  Phased coverage of new companies / filings in XBRL; and

v.   Framework for consumption and dissemination of XBRL data, etc.

                                                                        ------------------------

KKP/sg


(Release ID :95354)

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