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| PR No.334/2009 |
Ms. Usha
Narayanan , ED SEBI, elected for 2010 Steering
Committee of XBRL International Inc
Ms. Usha Narayanan,
Executive Director, SEBI has been elected as one of the seven At-Large members
of the 2010 Steering Committee of XBRL International Inc as per the election
results announced by XBTL International Inc on October 29, 2009. The At-Large
members are persons greatly influential in the field of XBRL development and
adoption.
Ms Usha Narayanan is heading Corporation
Finance Department of the Securities Market Regulator of India. She has been actively
involved in taking XBRL initiatives. Some of the significant developments which
have since been taken place in Indian securities market with the encouragement
of SEBI include setting up of a XBRL enabled platform for corporate reporting (www.corpfiling.co.in) by BSE and
NSE, advocating ICAI to get recognition
as XBRL India provisional jurisdiction; keenly pushing development of official
taxonomies etc.
About XBRL International, Inc.
XBRL International is a not-for-profit consortium
of approximately 600 companies and agencies worldwide working
together to create a common interactive data solution based on XML i.e building the XBRL language and promoting and supporting
its adoption. XBRL is getting prominence world over for being an efficient
business reporting language.
The XBL International consortium members meet periodically in
international conferences and conduct committee work regularly via conference
calls. Elections to the International Steering Committee are held each year
after October 15. The Steering Committee sets up goals for the consortium.
This collaborative effort began in 1998 and has produced a variety of
specifications and taxonomies to support the goal of providing a standard, XML-based
language for digitizing business reports in accordance with the rules of
accounting in each country or with other reporting regimes such as banking
regulation or performance benchmarking.
Mumbai