Vice President urges ICAI to uphold stringent examination standards at 78th Foundation Day event at Vigyan Bhawan
New Delhi, July 2
A historic celebration was organised at Vigyan Bhawan in New Delhi as the Institute of Chartered Accountants of India celebrated its 78th Chartered Accountants Day.
Addressing the gathering on Thursday, the Vice-President CP Radhakrishnan appreciated the contribution of the Chartered Accountancy profession to India's economic growth and lauded ICAI for maintaining rigorous examination standards.
He stated, "Chartered Accountants have played an important role in the implementation of GST, the Insolvency and Bankruptcy Code, Direct Benefit Transfer initiatives and reforms in the taxation system. Their expertise, he said, has strengthened transparency, improved compliance and enhanced investor confidence."
He further added, "Chartered Accountants are the "Ambassadors of Trust" and occupy a place of special importance in India's journey towards becoming a developed nation. The profession stands at the centre of India's economic and institutional development by ensuring transparency, accountability and ethical governance."
On this occasion, the Vice-President launched "ICAI Jan Utsav portal - Celebrating the 78th Chartered Accountants' Day", in collaboration with MyGov--the Government of India. The campaign aims to encourage citizen participation and create awareness about the vital role of Chartered Accountants in nation-building and the country's economic development.
CA. Kinare, Vice-President, ICAI, said, "Chartered Accountants have a vital role in strengthening the pillars of good governance, financial discipline, transparency and investor confidence. As India progresses towards Viksit Bharat 2047, our profession must embrace technological innovation while upholding the integrity, independence and professional wisdom that define us, continuing to strengthen public trust and contribute to a stronger, self-reliant and globally competitive India."
The CA Day celebration was even more significant with the release of the 75th Edition of The Chartered Accountant Journal, marking a historic milestone in ICAI's illustrious institutional journey.
Further, ICAI, through its Peer Review Board, launched a dedicated Web Portal to automate and streamline the entire peer review process, making compliance faster, smoother, and hassle-free for members.
The portal digitises the complete peer review lifecycle, starting from the submission of applications and allotment of peer reviewers to the submission of peer review reports and generation of Peer Review Certificates. This digital transformation will enhance efficiency while making the peer review process more transparent, seamless and user-friendly.
The event also featured an insightful technical session on Capital Markets and Investments, addressed by investment experts CA. Nilesh Shah and CA. Sunil Singhania, along with a session on the Income-tax Act, 2025 by tax expert CA. Girish Ahuja.
The celebration was graced by the august presence of CP Radhakrishnan, Vice-President of India, as the Chief Guest, in the presence of CA. Prasanna Kumar D, President, ICAI and CA. Mangesh Kinare, Vice-President, ICAI. Also present were Central and Regional Council Members of ICAI, CA. (Dr.) Jai Kumar Batra, Secretary, ICAI and a galaxy of Past Presidents of ICAI.
As part of the celebrations, a series of nationwide activities was organised, including knowledge sessions, blood donation camps, tree plantation drives and various other social outreach programmes
— ANI
Reader Comments
As someone working in finance abroad, it's inspiring to see how seriously India treats its CA profession. The "Ambassadors of Trust" tagline is perfect. But I wonder if the exam standards, while rigorous, are creating enough practical skills for the modern economy? Automation and AI are changing the game everywhere.
The VP's call for stringent exam standards is exactly what we need. With so many shortcuts and coaching industry inflating pass percentages, the core value of the CA tag is getting diluted. But my concern - will these standards also apply to the new integrated course? We need quality CAs, not just more CAs for numbers. 🇮🇳
CA here for 15 years. The peer review portal is long overdue - many of my colleagues used to delay submissions citing manual hurdles. But honestly, the VP should also talk about improving the working conditions for CAs in mid-level firms. Long hours and low pay packets are driving many talented people out of this profession. Otherwise, good initiative overall.
Impressive to see the ICAI's 75th journal edition - that's some legacy! The technical sessions on capital markets and income tax sound valuable. One thing though: with all this celebration, I hope the focus on ethics and independence doesn't get lost in the quest for digital transformation. The VP's trust ambassador line only works if the profession stays clean.
Why are they always talking about exam standards and not about the mental health of CA students? The suicide rates among aspirants are alarming. The VP and ICAI should launch some mental health initiatives alongside these digital portals. Good that they had blood donation camps
We welcome thoughtful discussions from our readers. Please keep comments respectful and on-topic.