Accounting fraternity in India will keenly watch a crucial meet in Delhi today. The National Advisory Committee on Accounting Standards will discuss the way forward on adopting new revenue recognition concepts that the developed world is hesitating to implement. The body may also discuss various implementation issues on the Ind AS standards.

Delhi High Court will hear a plea against the Centre's notification giving the Lt Governor absolute powers in appointing bureaucrats in the national capital. The Centre has challenged in the apex court a ruling of the HC which termed the move “suspect”.

The Madras Monsoon Racing season starts today. The event has on offer a total stakes money of over ₹2 crore. The season will comprise 20 days of racing consisting of 120 races, will have the total stakes money on offer at ₹2,00,09,000 with 10 cups valued at ₹2,00,000. The season will conclude on October 14.

Maruti Suzuki will launch its SUV the S-Cross Premium Crossover. The vehicle will be sold exclusively through Maruti’s premium dealerships — Nexa. The S-Cross will be made available with two diesel engine options — 1.3-litre and 1.6-litre .

The Adivasi Adhikar Sangharsh Sammelan, a convention to assert the rights of tribals, organised by associations working for Adivasis, will open in New Delhi today. More than 1,000 representatives, including about 200 from the Karnataka Adivasi Hakkugala Samanvaya Samiti, are expected to attend the event.

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