Steps consolidating foreign subsidiary

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IFRS 10 Consolidated Financial Statements outlines the requirements for the preparation and presentation of consolidated financial statements, requiring entities to consolidate entities it controls.

Control requires exposure or rights to variable returns and the ability to affect those returns through power over an investee.

The delegation discussed with the Minister some tax-related issues faced by the towel manufacturers and also shared with him the steps aimed at product improvement by value addition and research & development.

Government has decided to reduce prices of petrol and diesel by Rs.

The Adviser on the occasion said that the meeting provides an opportunity to review the current economic situation for bringing consistencies in monetary, fiscal and exchange rate policies and ensure consistency among macro-economic targets of growth, inflation ,fiscal, monetary and external accounts.

The meeting while expressing concern on current account deficit, called for effective management to bridge the gap.

He also briefed about the salient feature of the OPSCs particularly eligibility, cost and investment limits for the proposed certificate.

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