SME Times News Bureau | 04 Jan, 2022
President M. Venkaiah Naidu on Monday stressed the need to improve
financial literacy among the masses and urged the professionals like
Charted Accounts to work in this direction by explaining financial rules
and regulations in simple and easy language for the larger benefit of
the gathering at the foundation stone laying ceremony of the ICAI
Bhawan, Ernakulam in Kerala today the Vice President observed that one
has to deal with many complex rules and regulations while dealing with
subjects like accountancy and finance in day to day life.
regard, he appreciated the government’s efforts for easing the business
environment through reforms such as GST and urged the CA professionals
to play a proactive role in this regulatory transformation, right from
the policy making process to its grass root implementation.
Vice President said that Charted Accounts have an onerous
responsibility in guiding the business community to follow the rules and
regulations. Observing that a few black sheep bring bad name to whole
business community, he advised the students to work hard, be disciplined
and follow rules.
"If you have caliber and capacity, and add character
to it, you can excel in any field," Shri Naidu said citing the example
of nurses from Kerala who have earned a good name all over the world
with their hard work.
the role of Chartered Accountants in the economic advancement of the
nation, Shri Naidu called them ‘proud partners in nation building’.
Noting that with the changing times, come newer dilemmas for their
profession, he exhorted them to demonstrate ethical choices, values, and
practices in decision-making.
said that with hard work and dedication of its staff and members, ICAI
has emerged as one of the most respected institutions in the field of
education and professional excellence. Praising ICAI for becoming the
second largest Accounting Body in the world, Naidu expressed
happiness over the fact that approximately, 27.85 % of its members are
ladies and 42.30% of students are girls.
“It is a healthy trend and must
be sustained,” he added.
the Ernakulam branch of ICAI for its yeoman service over the last 54
years, the Vice President hoped that the proposed building would cater
to the academic and professional needs of the students in the region.
Chartered Accountants among the most sought-after professionals in the
field of finance, accounting and auditing, Shri Naidu wanted them to
remain abreast of the latest developments in their field including new
technologies. “The New Generation Chartered Accountant has to be
extremely tech- savvy, adaptive and receptive,” he said.
that the ultimate aim of all technologies and all professions is to
make people’s lives happier and more comfortable, the Vice President
mentioned the example of how JAM trinity and DBT have transformed the
lives of the millions of poor in our country.
“It has plugged leakages
in various government schemes and has made service delivery efficient
and hassle-free for the people,” he said.
that the Indian economy is recovering fast from the unexpected setback
caused by COVID-19, Shri Naidu opined that in the post COVID scenario,
the country can demonstrate a new saga of enterprise attracting the
whole world with multiple strengths.
“While the Government works with
long term vision and absolute commitment it is essential that
organizations like ICAI align with that thinking,” he said.
to the ongoing ‘Azadi Ka Amrit Mahotsav’ to commemorate 75th year of
Indian independence, the Vice President called upon everyone to join
this national campaign and make this a people’s movement fuelled by the
spirit of Atma Nirbhar Bharat.