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ICAI Press Release

CA Day 2018 & Launch of Platinum Jubilee Celebrations

Shri Ram Nath Kovind, Hon’ble President of India being presented a memento by CA. Naveen N. D. Gupta, President and CA. Prafulla P. Chhajed, Vice-President, ICAI.

The Institute of Chartered Accountants of India (ICAI), a statutory body established under the Chartered Accountants Act, 1949 completed 69 years of Professional Excellence on July 1, 2018 & entered its Platinum Jubilee Year. This momentous occasion was celebrated all across the country by 164 Branches & 5 Regional Councils of ICAI. Many activities were undertaken to celebrate CA Day in a unified manner like Blood Donation Drive, Swachh Bharat Abhiyaan, Tree Plantations etc.

The Platinum Jubilee Celebrations of ICAI were launched by Shri Ram Nath Kovind, Hon’ble President of India during the CA Day event organised at New Delhi today. The event was also graced by Shri Manoj Sinha, Hon’ble Union Minister of State (I/C) for Communications and Minister of State for Railways and Shri P. P. Chaudhary, Hon’ble Union Minister of State for Corporate Affairs & Law and Justice.

While addressing the gathering, Hon’ble President of India congratulated ICAI and lauded the contribution of CA profession. The President remarked “ I am confident that ICAI will make a success of all the programmes associated with its Platinum Jubilee Celebrations. And of course, I am confident that ICAI and it's members will keep up efforts to build a nation defined by Tax Transparency, Tax Predictability and Tax Compliance. '

The Hon’ble President further added “The success of ICAI as a body of professionals is a matter of pride for our country. The community of Chartered Accountants have played a role in the critical transition to GST. I must commend the efforts of all of you.”

Ms. Rachel Grimes, President, International Federation of Accountants (IFAC) participated in the launch of Platinum Jubilee celebrations. While addressing the Technical session, Ms. Grimes acknowledged the contribution of ICAI in history of accountancy profession. She announced that in the year 2022, when India would be celebrating its 75 years of Independence , coinciding with it, for the first time, India would be hosting "World Congress of Accountants" in Mumbai.” It is a matter of great honor for ICAI to host this Conference.

During the Platinum Jubilee Year, ICAI will showcase before the world the proud moments of the profession, milestones crossed, achievements in present and growing potential of the profession in future. It is truly an occasion to Celebrate the Past and Inspire the Future and to demonstrate how the profession will be of continual value to stakeholders.

Shri P. P. Chaudhary, Hon’ble Union Minister of State for Corporate Affairs & Law and Justice congratulated the ICAI for entering the Platinum Jubilee year. The Hon’ble Minister said “Chartered Accountants are one of the agents of Maximum Governance in the Corporate sector while continuing to be one of the most reliable partners to ensure ‘Ease of doing Business’ in the country.”

On this proud occasion Shri Manoj Sinha, Hon’ble Union Minister of State (I/C) for Communications and Minister of State for Railways launched a “Commemorative Postal Stamp” showcasing 70 year of ICAI in service to nation. The Hon’ble Minister addressed the gathering and said “The Commemorative Stamps are normally issued by the Department of Post only for those entities which have significantly contributed at National and International Front. ICAI is one of such organisation.”

CA. Naveen N. D. Gupta, President, ICAI said “Since its inception in 1949, ICAI has covered an illustrious journey by enriching the nation, adding professional value and benefitting the society." He added that ICAI has issued Valuation Standards which are first of its kind in India with a vision to promote best practices in this niche area of practice.

President, ICAI further added that in the Platinum Jubilee year " ICAI would be awarding Special Scholarship to meritorious wards of Indian Armed Forces, Para Military Forces and Railway Personnel. Also, 700 Skill Development Programmes on GST for under-graduate students shall be organised during the year."

While delivering the Vote of thanks, CA. Prafulla P. Chhajed, Vice-President, ICAI said "Chartered Accountants are the guardians of financial probity. In the growth and development of India, the accounting profession, perceptibly is playing a dynamic role in ensuring stability and sustainability of the National growth. I am fully confident that the Institute and its members would continue to meet the expectations of the Government."

Since its inception in 1949, the accountancy profession continues to play a strategic role in providing value added services to the stakeholders and takes key leadership roles to guide their organizations as creators, enablers, preservers and reporters of sustainable value through the process of embedding sustainability deep within an economy.

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