Trai mulling accounting system rejig

Hopes to ensure greater accountability by service providers

deevakar

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

Uday Kotak on history, Indian economy, growth and more

Pathbreakers: How 10 Visionary Leaders Transformed India by award-winning journalists  By Sucheta Dalal and Debashis Basu Rupa Publications, 304 pages, Rs 695  

₹5,000 crore saved from suspected financial fraud

In a significant gain for citizen protection in the digital economy, the Department of Telecommunications (DoT) has helped prevent suspected cyber fraud losses of more than ₹5,000 crore through its Financial Fraud Risk Indicator (FRI) within fifteen months of its launch on May 22, 2025. This money did

Capital acquisition proposals worth Rs 1.10 lakh crore for defence forces cleared

The Defence Acquisition Council (DAC), under the chairmanship of Raksha Mantri Rajnath Singh, on Monday accorded Acceptance of Necessity (AoN), that is, in-principle administrative approval to various acquisition proposals of the defence forces at an estimated cost of about Rs 1,10,000 crore.

How Rafi, Raj Kapoor helped pave the way for a great uranium deal

There`s a certain moment in diplomacy that`s too personal to be captured in a communiqué, too small to make the front page, but more revealing than the front page. This week, prime minister Narendra Modi reached Tashkent and, amid the pomp of state visits, managed to evoke the old Bollywood tunes

Distinguishing Fish 1 and Fish 2: The pragmatism behind India’s WTO ratification

 India became the 123rd WTO member to ratify the multilateral Agreement on Fisheries subsidies (AoFS) when it deposited the Instrument of Acceptance for Phase 1 on July 20, 2026. The ratification is restricted to disciplining Illegal, Unreported and Unregulated fishing (IUU), protection for overfished

The 7% growth problem: Why the next 7% will be harder

India has become accustomed to hearing the 7% growth number. It is now less a milestone than an expectation. Yet the paradox is becoming clearer: maintaining 7% growth may be considerably harder than achieving it once. India’s real GDP grew 7.7% in FY2025–26, following growth of 6.5% in FY202

Upcoming Conferences



-->

Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter