Comments
The Centre is hoping to achieve a growth rate of 8 per cent in the economy and 4 per cent in the agriculture sector this year. “We are growing at the rate of 7 per cent and this year we hope our agriculture growth will be more than 4 per cent,” Arjun Meghwal, Union Minister of State for Finance and Corporate Affairs, has said.
Addressing the valedictory of the two-day meet of the Institute of Chartered Accountants of India (ICAI) here on Sunday, he said the country had been aspiring to achieve a growth rate of 4 per cent in agriculture for decades. “But this year is the first time in Indian history we will cross that 4 per cent growth target. That is also an achievement and our economy can definitely reach 8 per cent,” he said.
“China's economy is on a decline trend and we are on the rise,” he said.
T N Manoharan, who was part of the government appointed board that revived Satyam Computer, has asked the chartered accounts to build teams and develop expertise in a number of specialisations in order to cope with the fast changing the audit and tax landscape.
Addressing a session at the conference here on Sunday, he said it was important to form teams with strengths in different aspects of the profession and replicate them. “You must have a good succession plan and a brand building strategy,” he said.
Relating the story of the growth of CAs in the country, he said more and more women were joining the profession. “The landscape is fast changing with the advent of analytics, forensic audit, international taxation and virtual CFO services. Gadgets have become an integral part. There needs to be a paradigm shift in our approach,” he said.
Seer’s words
Chinna Jeeyar Swami, a Vashanavite seer heading a local peetham, has a piece of advice of the CAs. With fluent English and equipped with a PowerPoint presentation, he asked the CAs to tread an ethical path, undeterred by threats and pressures from above. “You must inculcate a culture of integrity and ethical management,” he said.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.