Usha Narayanan elected to 2010 Steering Commitee of XBRL

Mumbai, Nov 4 : Securities and Exchanges Board of India (SEBI) Executive Director Usha Narayanan has been elected as one of the seven At-Large members of the 2010 Steering Committee of XBRL International Inc.

At-Large members are persons greatly influential in the field of XBRL development and adoption.

Ms 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 by BSE and NSE, advocating ICAI to get recognition as XBRL India provisional jurisdiction and keenly pushing development of official taxonomies.

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.

--UNI

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