eXtensible Business Reporting Language - Edelweiss
eXtensible Business Reporting Language - Edelweiss
eXtensible Business Reporting Language - Edelweiss
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Indian Scene<br />
• XBRL India is a provisional jurisdiction of the XBRL International created by The Institute of<br />
Chartered Accountants of India (ICAI) to spearhead the promotion and adoption of XBRL in India.<br />
• Members of XBRL India include the premier organisations like Reserve Bank of India (RBI),<br />
Securities and Exchange Board of India (SEBI), Ministry of Corporate Affairs (MCA), Bombay Stock<br />
Exchange Limited (BSE), National Stock Exchange of India Limited (NSE), Insurance Regulatory<br />
and Development Authority (IRDA).<br />
• XBRL India (under ICAI leadership) has developed an Indian GAAP Taxonomy.<br />
• Exposure draft of a banking taxonomy complying with Basel-II <strong>Reporting</strong> Requirements was also<br />
published a few months back and, further, it has received acknowledged status from the XBRL<br />
International.<br />
• Taxonomy for non-banking financial companies is also in the offing.<br />
• Optional filing notified by NSE.<br />
• Certain RBI forms mandatory.<br />
• Several organizations have adopted XBRL.<br />
© 2011 KPMG, an Indian Partnership and a member firm of the KPMG network of<br />
independent member firms affiliated with KPMG International Cooperative (“KPMG<br />
International”), a Swiss entity. All rights reserved.<br />
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