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English Release 17-September 2014
Date Month Year
  • Prime Minister's Office
  • Chinese President and First Lady visit Sabarmati Riverfront, accompanied by the PM
  • PM and Chinese President visit Sabarmati Ashram.
  • PM and Chinese President Xi Jinping witness signing of 3 MoUs in Ahmedabad
  • PM launches Swavlamban Abhiyaan - new pro-poor initiatives of the Gujarat Government
  • Min of Agriculture
  • Finance to 5 Lakh Joint Farming Groups of “Bhoomi Heen Kisan” through Nabard in the Current Financial Year
  • Min of Commerce & Industry
  • Deputy USTR Meets Commerce Secretary
  • India to be Partner Country in Hannover Messe Fair During April 2015
  • Gilead Briefs Nirmala Sitharaman about their Licensing Agreements with Seven India-Based Generic Pharmaceutical Manufacturers
  • Min of Defence
  • Operation Megh Rahat : 17 sep 14 Restoration of connectivity
  • Opening Ceremony : Exercise Yudh Abhyas 2014
  • Ministry of Finance
  • Bank of Maharashtra Celebrates its 80th Foundation Day; Crosses the Business Level of Rs 2 Lakh Crores
  • CMD, IFCI Ltd. Presents A Dividend Cheque of Rs. 92.30 Crore to the Union Finance Minister
  • Min of Health and Family Welfare
  • Medical Relief Operation Stepped up in J&K
  • Min of Home Affairs
  • A delegation of Unified Naga Council calls on the Union Home Minister
  • Union Minister for Surface Transport & Highways and Shipping Calls on Union Home Minister
  • Uttarakhand Minister calls on Union Home Minister
  • Union Home Minister to attend Sixth Meeting of SAARC Ministers of Interior / Home at Kathmandu
  • Min of Labour & Employment
  • Shri Narendra Singh Tomar presents Vishwakarma and Safety Awards
  • Min of Micro,Small & Medium Enterprises
  • Govt Lobbying Hard for Base Rate Interest Regime for MSME : Kalraj Mishra
  • Min of Minority Affairs
  • Dr.Najma Heptulla Announces Rs.120 Crore Relief and Rehabilitation Package for J&K Flood Victims
  • Min of Petroleum & Natural Gas
  • Ministry of Petroleum & Natural Gas takes several measures to ensure availability of essential petroleum products in the aftermath of floods in the state of Jammu and Kashmir.
  • Daily Crude oil price of Indian Basket was US$ 95.92/bbl on 16.09.2014
  • Ministry of Railways
  • Commodity-Wise Freight Revenue Earnings of Railways Goes Up by 16.70 Per Cent in August 2014 & 10.67 Per Cent During April-August 2014
  • Min of Textiles
  • Textiles Minister Honours 54 Women Achievers in Sericulture
  • Min of Women and Child Development
  • Press Note of Union Ministry of Women & Child Development

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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