The Reserve Bank of India (RBI) has banned regulated banks and their customers from dealing in cryptocurrencies. In an April 6 statement, the central bank announced that its regulated entities may not deal with or provide services to any individual or business dealing with or settling virtual currencies. Moreover any bank currently in a trading […]
The Integrated Reporting consortium reports this week that IFAC has issued a strong statement of support for the <IR> methodology and that SEBI, the Indian corporate regulator, has announced that the largest 500 companies in that country are encouraged to issue Integrated Reports in order to meet their new mandatory Business Responsibility Report (BRR) requirements. Integrated Reporting […]
BSE, the largest stock exchange in India, has been using XBRL to help improve the accuracy and utility of filings about corporate voting results for the past two years. On 18 January, the BSE announced that this move is now permanent and mandatory for all such filings that occur after 31 January 2017. Rather than […]
The four major regulators in India involved in the adoption of XBRL are the Reserve Bank of India, the Ministry of Corporate Affairs (MCA), the Securities and Exchange Board of India (SEBI) and the Insurance Regulatory and Development Authority (IRDA). XBRL is also used by the BSE (formerly the Bombay Stock Exchange) and even by the state […]
India has both made Corporate Social Responsibility activities and processes mandatory and required reporting in XBRL.
The Indian state of Maharashtra has begun using XBRL to generate its annual publication of crime statistics.
The Reserve Bank of India has released another set of XBRL data related to the performance of Non-Government Non-banking Financial and Investment for 2014-15.
The BSE (formerly the Bombay Stock Exchange) is making its taxonomies available online to promote the development of software by the private sector. BSE will continue its existing Excel-based filing tool. The taxonomies released cover disclosures related to Shareholding Pattern, Financial Results for equity and debt, Corporate Governance, the outcome of shareholder voting results and the reconciliation of Share […]
XII CEO John Turner spoke about the potential for XBRL to contribute to the Digital India Initiative with leading national newspaper, the Business Standard during his recent visit there to address the XBRL Asia Roundtable and the India XBRL National Conference.
At a short ceremony at the Reserve Bank of India on 22 January 2016, XBRL International presented India’s central bank with an award recognising the regulator’s ongoing innovation in leveraging the standard in pursuit of improved transparency and accountability. RBI has been using XBRL for several years for prudential data collections, covering some 97 risk […]