All standards and codes are not equally relevant to all segments of private sector and further they do tend to evolve over a period reflecting concerns of both public policy and market participants. 1.9 It is gratifying to note that currently there is a better appreciation of India’s stand in the international fora as compared with the past. II.
India’s Association with the Global Efforts in Fostering International Standards and Codes 2.1 India has been closely associated with various standard setting bodies and has been taking active part in the work of several key international fora devoted to the task of developing and promoting implementation of financial standards and codes.