Poging GOUD - Vrij
New Accounting Guidelines From Apr 1 To Improve Forex Guidance
Financial Express Lucknow
|March 12, 2025
Will help encourage global capital inflows to Indian firms
The National Financial Reporting Authority (NFRA) has proposed key changes to the accounting standards, with an aim to more accurately capture the impact of transactions conducted by firms in foreign currency on their financial statements.
The proposed amendments to Ind AS 21 will give clearer guidance to companies to determine "appropriate exchange rate," a move which could come in handy for them in dealing with countries witnessing undue short-term currency volatility or are not adequately transparent about the exchange values of their currencies.
The revised audit norms will take effect from April 1, 2025.
Industry sources said the improvement in financial reporting from the proposed amendments would help enhance investors' trust in Indian firms with substantial foreign operations, including the export-intensive ones.
A major benefit being seen is in terms of capital inflows from global patient capital such as sovereign funds, pension funds.
Dit verhaal komt uit de March 12, 2025-editie van Financial Express Lucknow.
Abonneer u op Magzter GOLD voor toegang tot duizenden zorgvuldig samengestelde premiumverhalen en meer dan 9000 tijdschriften en kranten.
Bent u al abonnee? Aanmelden
MEER VERHALEN VAN Financial Express Lucknow
Financial Express Lucknow
Gold loans take the shine out of personal loans
RETAIL BORROWERS ARE increasingly opting for gold loans over personal loans, bankers said, as surging bullion prices allow them to raise larger sums at lower interest rates.
2 mins
December 16, 2025
Financial Express Lucknow
Noida airport set for flight into the future
Designed to operate largely on automation and self-service
2 mins
December 16, 2025
Financial Express Lucknow
Over 84% of winter sowing complete, up 4.68% on year
SOWING OF RABI crops such as wheat, pulses, oilseeds and coarse cereals is nearing completion with over 84% of normal sown area covered, so far.
1 min
December 16, 2025
Financial Express Lucknow
Create more space to let solar power flow
Solar power is auctioned almost every fortnight and developers are actively securing capacity, so boosting transmission network is crucial to reap benefits
3 mins
December 16, 2025
Financial Express Lucknow
Govt holds road shows for share sale in GIC
THE GOVERNMENT HELD road shows in London to assess investor interest for a minority stake sale in General Insurance Corp (GIC), two government sources familiar with the matter told Reuters.
1 min
December 16, 2025
Financial Express Lucknow
Jindal Group enters urban mobility with Trevel launch
ELECTRIC MOBILITY STARTUP
1 min
December 16, 2025
Financial Express Lucknow
India, Mexico start talks on trade pact
INDIA HAS STARTED discussions on a Preferential Trade Agreement (PTA) with Mexico to cushion the impact of steep tariff increase by it on the countries with which it does not have any Free Trade Agreement (FTA).
1 min
December 16, 2025
Financial Express Lucknow
ICICI Pru AMC IPO fully booked on Day 2
THE INITIAL PUBLIC offering of ICICI Prudential Asset Management Company, an arm of the ICICI Bank, was fully subscribed on the second day of share sale on Monday, led by institutional investors.
1 min
December 16, 2025
Financial Express Lucknow
Kaynes Tech turns focus to cash flow
NON-SMART METER GROWTH RECOVERY LIKELY TO SERVE AS A CATALYST
1 mins
December 16, 2025
Financial Express Lucknow
SITA plans AI baggage tracking across India
GLOBAL AVIATION TECHNOLOGY provider SITA has initiated discussions with major Indian airlines and airport operators on the potential deployment of baggage biometric technology,which is currently under trial at select European airports, including Frankfurt.
1 min
December 16, 2025
Listen
Translate
Change font size