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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...
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...
