If this really happens smoothly….!

XBRL is the new way of presenting data – substantially accounting data, though of course it can be non accounting data also!

In the US xbrl data has a common nomenclature for xbrl…now the government of India is planning to do the same thing…

http://www.financialexpress.com/news/Centre-to-set-up-common-database-for-all-regulators/708894/