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The Reserve Bank of India had decided to adopt XBRL standards in October 2008. Here is information about it and also link to original RBI Notice. It is not yet clear from website that whether it is adopted till now? The Reserve Bank of India will launch the Basel II reporting system using eXtensible Business Reporting Language (XBRL) through the existing Online Returns Filing System (ORFS) on October 6, 2008. Basel II Reporting System is the first reporting system based on XBRL. India is possibly the first among the developing countries to introduce XBRL standard in its reporting system. The system also makes use of latest technology tools, some of which are already built into its ORFS. RBI Notice Link

XBRL is a la nguage for the electronic communication of business and financial data which is revolutionising business reporting around the world. It provides major benefits in the preparation, analysis and communication of business informatio n. It offers cost savings, greater efficiency and improved accuracy and reliability to all those involved in supplying or using financial data. XBRL stands for eXtensible Business Reporting Language. It is one of a family of "XML" languages which is becoming a standard means of communicating information between businesses and on the internet. XBRL is being developed by an international non-profit consortium of approximately 450 major companies, organisations and government agencies. It is an open standard, free of licence fees. It is already being put to practical use in a number of countries and implementations of XBRL are growing rapidly around the world. The idea behind XBRL, eXtensible Business Reporting Language, is simple. Instead ...

Celebrated on the first day of the Chaitra month of the Hindu calendar (March-April as per the Gregorian Calendar), Gudi Padwa marks the New Year's Day for Maharashtrians and Hindu Konkanis in India. The Brahma Purana declares Gudi Padwa to be the time on which Lord Brahma created the world after the great deluge. One of the 3 and a half days in the Indian Lunar calendar called "Sade-Teen Muhurt", whose every moment is considered auspicious in general to start a new activity. so enough gyan wish you very happy new year.