Property, Plant and Equipment: Proceeds before Intended Use (Amendments to IAS 16) (Agenda Paper 12A) The Board discussed the transition requirements and effective date for the amendments to IAS 16 Property, … Src:CM. The topic, ‘Important Amendments in Indian Constitution,’ comes under the GS-II syllabus of the IAS Exam. Implementation matters (Agenda Paper 12) The Board met on 22 October 2019 to discuss implementation matters. Minimum stipends have been doubled to between Rs 5,000 and Rs 9,000 per month. Context: President Ram Nath Kovind gave his assent to the Supreme Court (Number of Judges) Amendment Bill, which will increase the number of Supreme Court judges from 30 to 33. Topic covered: Government policies and interventions for development in various sectors and issues arising out of their … The International Accounting Standards Board (Board) has today published for public comment proposed changes to the IFRS Standard for income tax, IAS 12. What to study? The UAPA – an enhancement on the TADA (Terrorist and Disruptive Activities (Prevention) Act), which was allowed to lapse in 1995 and the Prevention of Terrorism Act (POTA) was repealed in 2004 — was originally passed in 1967 under the then Congress … As per the notified Apprenticeship (Amendment) Rules, 2019, the hiring limit of apprentices has been raised to 15 per cent of total strength of an establishment. For UPSC 2021 preparation follow BYJU'S For mains: Need for amendments, concerns … However, before the same could be considered and passed in the Rajya Sabha, the Rajya Sabha was adjourned sine die. The Bill replaces the Indian Medical Council (Amendment) Second Ordinance, 2019 which was promulgated on 21 st February, 2019.. Towards this, the Aadhaar and Other Laws (Amendment) Bill, 2018 was passed by the Lok Sabha in its sitting held on 4th January, 2019. Parliament has passed the Indian Medical Council (Amendment) Bill, 2019. For: Preliminary & Mains. The amendments are designed to support the provision of useful financial information by companies during the period of … In accordance with paragraph 6.23 of Due Process Handbook, we are … (Amendment) Bill, 2019 The Jallianwala Bagh National Memorial (Amendment) Bill, 2019 was introduced in LokSabha on July 8, 2019. National Institute of Design (Amendment) Bill, 2019 . Earlier application is permitted. The application of amendments as a result of the annual improvements to the IFRS (Annual Improvements 2015 – 2017) consecutively apply to step business combinations (IFRS 3), joint arrangements (IFRS 11), capitalization of borrowing costs (IAS 23), and income tax consequences of dividend payments (IAS 12). In news: Lok Sabha has passed Special Protection Group (SPG) amendment bill, 2019 Placing it in syllabus: Security forces and agencies … Get the list of major amendments … Context: The Right to Information (Amendment) Bill, 2019 that amends the Right to Information Act, 2005 has been introduced in Lok Sabha. Citizenship Amendment Act 2019 (CAA) has been passed by both Lok Sabha and Rajya Sabha. What are the changes in NIA (Amendment) Bill 2019? The International Accounting Standards Board (Board) has today amended some of its requirements for hedge accounting. such costs are capitalised. Search [wp-night-mode-button] Posted on July 23, 2019 by InsightsIAS. Know about the background and controversies regarding CAB 2019, and the Indian Citizenship Act. There is no major difference between INDAS 23 and IAS 23.Therefore, the following descriptions relate to both INDAS 23 and IAS 23. For prelims: key features of RTI, amendments proposed and the need. This is a part of the polity and governance segments in the UPSC syllabus. Taxation – IAS 12, IFRIC 23 27 Earnings per share – IAS 33 28 Balance sheet and related notes 29 Intangible assets – IAS 38 30 Property, plant and equipment – IAS 16 31 Investment property – IAS 40 32 Impairment of assets – IAS 36 33 Lease accounting – IAS 17, IFRS 16 34 Inventories – IAS 2 35 Provisions and … The Act provides for the erection of a National Memorial in memory of those killed or wounded on April 13, 1919, in Jallianwala Bagh, Amritsar. The amendments clarify how companies account for deferred tax on leases and … Search Here. The Board discussed the effective date for the amendments to IAS 37 Provisions, Contingent Liabilities and … IAS 23 Borrowing costs Accounting summary - 2017 - 05 1 Objective Borrowing costs are finance charges that are directly attributable to the acquisition, construction or production of a qualifying asset that forms part of the cost of that asset, i.e. Following that, the Road Transport and Safety Bill was drafted in 2014. All these amendments have brought significant changes in the course of Indian Polity. Constitution on Supreme Court Judges: The organisation, independence, jurisdiction, powers and functions of the Supreme Court are provided in articles 124 to 147 in Part … Continue reading "SUPREME COURT … 126th Constitution Amendment Bill. The reservation given to SCs, STs and the Anglo-Indian community for the past 70 years is to end on January 25, 2020; The 126 th Constitution Amendment Bill seeks to extend by 10 yearsreservation to the Scheduled Castes … 26 September 2019 IASB amends IFRS Standards in response to the IBOR reform. Finally, it was redrafted with the Motor Vehicles Amendment Bill in 2019. Right to Information (Amendment) Bill, 2019 . Arms Amendment Bill, 2019 Context: Parliament recently approved a legislation providing for a maximum punishment of life imprisonment … In this article, we give you a brief description of the details of the newly-passed Act, salient provisions of the Act, its importance and associated concerns, for the IAS exam . Source: The Hindu. Type of offences that the NIA can investigate and prosecute is now expanded. This will enable NIA to additionally investigate offences related to human trafficking, counterfeit currency, manufacture or sale of prohibited arms, cyber-terrorism, and offences under the … Protests against the Citizenship (Amendment) Bill 2019 Daily Current Affairs IAS | UPSC Prelims and Mains Exam – 17th December 2019. 1 January 2019 Endorsed 4 Amendments to IAS 19, ‘Employee benefits’ – Plan amendment, curtailment or settlement Annual periods on or after 1 January 2019 Not yet endorsed 5 Annual improvements 2015-2017 IFRS 3, ‘Business combinations’ IFRS 11, ‘Joint ventures’ IAS 12, ‘Income taxes’ IAS 23, ‘Borrowing costs’