Corporate Affairs Ministry to alter accounting norms for preventing NPAs in power firms
Corporate Affairs Ministry to alter accounting norms for preventing NPAs in power firms
The government is set to announce changes in accounting standards to allow power companies to provision for their cost of interest payments according to the units produced rather than the entire projects, a measure aimed at preventing the units yet to be commissioned from turning into non-performing assets.
Source : http://economictimes.indiatimes.com/news/news-by-industry/energy/power/corporate-affairs-ministry-to-alter-accounting-norms-for-preventing-npas-in-power-firms/articleshow/29270284.cms