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Read Important Message By ICAI President To All CA Students

Read Important Message By ICAI President To All CA Students

President, ICAI

 Heartiest best wishes for a wonderful and prosperous New Year 2016. I wish that New
Year provides the CA students zeal, enthusiasm and luck to scale new heights of success in all endeavours. I really take pride in the fact that each passing year our Institute is growing and gaining in strength. We have great onus on our shoulders to maintain the core values
of accounting profession. New Year is the most appropriate time for all of us to take pledge that we will serve our society with utmost sincerity, honesty, transparency and thereby
contribute in the overall development of the nation. I also extend my best wishes on the occasion of 67th Republic Day of our beloved motherland. Th e celebration of this day
instils such a patriotic fervour that truly reflects our unity among diversity.

Undoubtedly, the country is marching ahead to become new economic powerhouse. Notwithstanding Mid-Year Economic Review recently tabled in the Parliament has
lowered the growth forecast to 7-7.5 per cent from 8.1-8.5 per cent in 2015-16, India will be amongst the top growing economies of the world. Th e Reserve Bank of India has cut
interest rates in tranches this year to lower the borrowing costs and spur revival of investment cycle. I am very hopeful that our country will grow faster to enhance standard of living, have inclusive growth and improve employment. The government is pushing ahead with economic reforms with initiatives such as Make in India that should drive investment and induce further growth. Th e country is eagerly waiting for the new regime of Goods and Service Tax to become a reality that should catapult the growth rate.

The growth of Chartered Accountancy profession has to be in tandem with the growth of our nation. India with its high growth rates require more number of highly skilled professionals equipped with contemporary practical knowledge. Already the skill-sets being imparted have extended from the traditional domains of accounting, finance, taxation and auditing to the emerging areas of business strategies, governance, sustainability, business consultancy and so on.

The new scheme of education and training that is in the process of implementation shall surely press forward acquisition of skills sets that will improve both employability and entrepreneuring capability. In the current business environment, the probable employers prefer hiring those who have already acquired skills, as it cuts down the training time and cost to the company. In the Institute, this is achieved through well thought mix of theoretical education and practical training. Usable practical skills constitute the integral and indispensable part of our profession.

“The mind is not a vessel to be filled, but a fire to be kindled”, said Plutarch. The Institute does not encourage rote learning by the students; rather teach them to be ever interested and receptive to knowledge. Th is virtue is carried even
after acquiring the qualification in form of well planned Continuing Education Programme. I am very pleased to share that in this issue of the students’ journal, the Board of Studies is introducing a new column of Knowledge Update as a regular feature. It will cover recent trends and developments in different areas of accounting, auditing, taxation, and company laws, etc.

It gives me pleasure to inform that the Board of Trustees of Chartered Accountants’ Students Benevolent Fund (CASBF)
has decided to grant financial assistance to 800 meritorious and needy students (i.e. to 400 male and 400 female students), who are currently undergoing articled training for one year with effect from 1st April 2015 to 31st March
2016. When we help students, we actually help transform our generation next, and when we empower our generation next, we actually secure our own future.

In the month of January 2016, the results of CA examinations held in November, 2015 shall be declared. Best wishes to all the candidates. May your hard work is rewarded! We have one of the most robust evaluation processes in place in the interest of students. At the same time with the belief that improvement is always possible, we have made efforts to further improve the processes so that no harm is done to a deserving student. I look forward to your joining the profession as Chartered Accountant very soon.

With best wishes,

CA. MANOJ FADNIS
PRESIDENT
THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA

Read Important Message By ICAI President To All CA Students

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