Are India AS become outdated ?
Why we need Imported IFRS....
The purpose can be servced by making necessary updation/revision in Inidan AS if necessary.
The Central Council of ICAI & Indian Government working under pressure of foreign companies.
Schedule VI under company act also revised, which is ditto copy of American SEC version.
Our laws are made by foreigners to exploit countries resouces !!
Why we are blindly following American laws.
Today also crores of rupees going aborod in through Hawala, Hundi, Promisory Note, mining black money etc etc.
FDI is nothing but our own money coming back to us through Maritiuous or singapore route !!!!
We need to Start second freedom movement
CAclubindia
