New Delhi: The Government is now working on a plan to make information on listed companies available in all recognized languages. A group of linguists are into coining new words in different regional languages, reports Souvik Sanyal & Paramita Chatterjee of the Economic Tmes. Now the investors can have access to the desirable financial information in their preferred language. The stock exchanges will now provide online information in 16 official Indian languages and this will commence from April 16. "While companies can file their statements in English, investors can see the results in regional languages through a user-friendly system," said an official with the ministry of corporate affairs. Apart from some sector-specific terms, the project will create local language equivalent of 4000-6000 line items. All the terms will be vetted by the Institute of Chartered Accountants of India (ICAI), the country's accounting watchdog. The ministry is working along with the stock exchanges to put in place a technology platform. The government is quite hopeful that this step will take the equity culture to investors in small towns and rural areas, but companies will see their regulatory costs go up marginally, as they will have to bear the expenses for setting up the infrastructure. An ICAI official said that, Translation of notes to accounts will, however, take some time before a comprehensive system of translation is generated. "The language-specific financial terms will be in the form of templates, the creation of which is a one-time effort," said S Swaminathan, chief executive officer, IRIS Business Services, an agency actively involved in the project.