Comparison of IFRS and Indian Accounting Standards

IFRS is a novel way of looking at accounting. IFRS is a “principle-based” standards rather than “rule-based” standard which are currently followed.
Under IFRS there is need to apply professional judgment consistent with intent and spirit of standards.
Various countries have adapted to IFRS in different ways, often embedding local cultures and that is why there are [...]

Delay in defining roadmap of IFRS for banking industry in India

Banking system in India is so far accustomed to rule based approach and hence for any implementation, Banks look to the regulator for guidelines i.e. RBI.
In case of Basel II implementation, the National Supervisor i.e. RBI is provided with power to modify the guidelines to suit the country condition. The Objective of Basel seems to [...]

UAE Economy: Impact of Dubai crisis

Introduction
In 2009, the U.A.E. witnessed a significant slowdown in growth and strains in the banking system as a result of the global financial crisis, the decline in oil prices, and the continuing fallout from the bursting of the Dubai property bubble. The ramifications of the DW debt event will depend on the scope and modalities [...]

Infosys result analysis

Infosys declared its third quarter result today. The results came better than than the street expectations. The sales were around 3% above the Bloomberg consensus estimate, whereas the net profit was around 12% below, which was boosted on account of higher other income.
BSE                    :              INFOSYS
NSE                   :              INFOSYSTCH
Bloomberg     :              INFO IS [...]

Indian Economy – Review and Analysis, November 2009

First of all sorry for the delay in posting October’s monthly economic review. This is the third review in the “Economic review and analysis” series bought to you by MoneyBol every month. Hope this is useful to you.

SENSEX
After massive fall witnessed during October, equity markets paired the gains during first half of November and [...]

Indian Economy – Review and Analysis, October 2009

Moneybol brings the economic review every month. This is the Second such review in the series. The Team of analysts at Monybol.com are committed to provide you the power of first hand research. Hope you will find it useful. Please feel free to comment your suggestions and feedback.

Indian Economy – Review and Analysis, September 2009

Moneybol brings the economic review every month. This is the first such review in the series. The Team of analysts at Monybol.com are committed to provide you the power of first hand research. Hope you will find it useful. Please feel free to comment your suggestions and feedback.