Trai mulling accounting system rejig -Governance Now

Trai mulling accounting system rejig

Hopes to ensure greater accountability by service providers

Deevakar Anand | June 28, 2011

To rein in telecom service providers more effectively for anti-competitive and predatory pricing, the telecom regulatory authority of India (Trai) has proposed an overhaul of the existing reporting system on accounting separation regulation, 2004 (ASR) that governs the filing of the report by service providers.

The exercise intends to synchronise the existing accounting principles with the proposed international financial reporting standards (IFRS). The move will also mean a greater adherence to the existing Indian accounting standards, IND – AS.

The review process will work on streamlining the contents and the formats of the existingASR to help Trai achieve its regulatory objectives more efficiently. A standardised format will be put in place keeping the regulator's online data collection and management information system (MIS) in mind.

Other areas that will be reviewed are the frequency of reporting by the service providers and issues concerning auditing and accountability in the submission of ASR.

Trai is in the process of appointment of a consultant to review the 2004 ASR and has asked the service providers to feed it with their comments and suggestion within 15 days. “The objective of the exercise is to bring in an up-dated “Reporting System” which covers all the requirements of current times and which would have validity for the foreseeable future also”, reads Trai's letter to service providers.

Comments

Other News

From one cow to a dairy business

In 2012, Anita Dash wasn`t dreaming of building a dairy brand. She wasn`t studying business models or planning market expansion. Like countless mothers across India, her focus was on something much simpler: giving her children a better future. At the time, her most valuable

Ethanol blending: The two sides of a story

India`s crude oil consumption is estimated to be around 88.5% imported from abroad. This one single figure is also responsible for why ethanol has become both an economic strategy and fuel policy at the same time. In an economy like India, which depends so heavily on foreign oil, any increase in internat

Food inflation: Not a macroeconomic statistic but a developmental indicator

India`s retail inflation shows a reassuring picture at first glance. According to the latest data, Consumer Price Index (CPI) inflation edged up to 4.38% in June 2026 from 3.93% in May 2026, but continued to remain within the Reserve Bank of India`s (RBI) target band of 4% (+/- 2%). However, beneath this

Skin in the game or masterful market timing?

When a company founder opens their personal chequebook to buy shares in their own business, stock markets usually applaud. To the average retail investor, it feels like the ultimate vote of confidence, a sign that the people running the show have real skin in the game and believe brighter days are ahead.

India’s freedom struggle was shaped by wider Asian political thought

As we mark 80th anniversary of independence, ‘Asianism and the Fall of Empire’ (HarperCollins India) by historian Mithi Mukherjee offers a new perspective on Ind