State of Accounts

The government is expected to announce the Indian Government Accounting Standard (IGAS) which is likely to become mandatory from FY2010-2011. The IGAS is based on the International Public Sector Accounting Standards (IPSAS) issued by IPSAS Board which specifies the international framework for government accounting. Indian government departments do not use uniform accounting norms, like Indian...

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All That Glitters
Mehul Choksi, chairman, Gitanjali group seems to be getting into too many things at the same time. Starting from selling diamond jewellery to branded international jewellery to setting up special economic zones (SEZs),

Mr Choksi is now eying high-end, luxury jewellery and mobile retail stores, thanks to the decline in rentals in most metros in India.

In June, the government cleared...

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Fad of Nano Homes
Entering the low-cost housing segment, or Nano homes, is turning into a fashion of the season. Following in the footsteps of Tata group and Unitech, the Future group has also jumped on the bandwagon of affordable or low-cost housing projects. Future group’s unit, FH Residencies, has formed a joint venture, with Kolkata-based developer Sumit Dabriwal, for building affordable,...
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