OPINION
ACCOUNTING STANDARDS
The road to AS 32
The ICAI has issued AS 32, “Financial Instruments: Disclosures”, which would be applicable to all entities including non-financial entities, except small medium enterprises. It would come into effect in respect of accounting periods ...
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Moving closer to IFRS
Consequent to the one-off notification issued by the Institute of Chartered Accountants of India (ICAI) advising corporates to mark-to-market all outstanding derivative contracts on their balance-sheets, there has been action aplenty. Banks and ...
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EDITORIAL
Dealing with futures
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ACCOUNTANCY
Taxing times for money changers
As per Finance Act 2008 amendments, effective May 16, banking and other financial services will now include purchase or sale of foreign currency, including money changing services provided by banking companies etc., and also by foreign exchange ...
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Laws of inheritance: The will to settle
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POLITICS
Power shift in Russia’s democracy
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LETTERS
GM brinjal
Wheat purchases
Not a global problem
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