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Financial Reporting Implications of Floods and other Disasters

November 28, 2019[2019] 111 taxmann.com 467
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Floods and landslides in many states across India have killed more than 270 people in India, displaced over one million and inundated thousands of homes across six states after about two weeks of heavy monsoon rains. The states of Kerala, Karnataka, Maharashtra and Gujarat witnessed floods that washed away thousands of hectares of agricultural crops and damaged roads and rail lines.
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