Balance Sheets

Bimal Jalan panel holds first meet to examine reserve size of RBI, dividend to be given to govt; report likely in April

The government and the RBI under previous governor Urjit Patel had been at loggerheads over the Rs 9.6 lakh crore surplus capital with the central bank.

Govt moves NCLT to reopen IL&FS group balance-sheets; court seeks views of statutory bodies, regulators

This is the first time that government has invoked the powers under Section 130 0f the new Companies Act of 2013 to reopen ledgers of a company.

Bank frauds: Relevant to ask if those auditing balance sheets have truly done their duty, says President Ram Nath Kovind

When banking scandals take place, large borrowers abscond and leave their banks in the lurch or as in the Satyam case, where promoters themselves embezzled funds, it represents a breach of faith, President Ram Nath Kovind said.

IMF suggests India three steps to sustain high growth rate; expects recovery to continue in FY 2018-19

The IMF Board is tentatively scheduled to meet on 18 July for its annual India meeting.

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An ERP system also enables a company to review costs over a period of time, or according to a specific classification.