Recognition of B com from IGNOU

Hello friends,

Can anyone suggest me on this topic,

I am planning to Join one year  B.com  from IGNOU for CA students. I wish to know wheather IGNOU is a recognized university or not and Wheather UGC has given affiliation to IGNOU or not?  In addition to this i further want to know, after passing B com from IGNOU, can we study MBA or any other Masters degree from any other universities or not?