NFRA Examines Proposals on New Standard for Accounting of Insurance Contracts:Ind AS 117
NFRA recently examined proposals for a new accounting standard for insurance contracts. The proposed Ind AS 117 will replace the currently notified Ind AS 104 and enable Indian insurance companies to present globally comparable financial information.
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Atal Pension Yojana enrolment surges past 5.20 crore mark, generates over Rs. 27,200 crore
Over 5.20 crore people have enrolled in Atal Pension Yojana, with more than 1.19 crore new subscribers in FY 2022-23. The scheme has generated an investment return of 8.69% since its inception.
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