ICAI Organizes Two-day Corporate Conclave

Industry leaders speak on key issues Urge Indian CAs to become global leaders

New Delhi (I-Newswire) January 10, 2014 - The Committee for Members in Industry (CMII) of The Institute of Chartered Accountants of India today unveiled its "National Convention" under the 7th ICAI Corporate Forum. The two-day annual congregation of India's chartered accountants included a Corporate Conclave, Financial Services Expo & ICAI Awards 2013. The award function will held in New Delhi on 11th Jan 2014.

The Corporate Conclave aims to facilitate brainstorming on a number of contemporary topics, which are relevant to the members of ICAI and will keep them updated in this dynamic environment. The deliberations at the Corporate Conclave also seek to enhance the skill sets of the members.

During the first day of the conference, CA. Keki Mistry, Vice Chairman & CEO HDFC Ltd., India's leading home loan company, spoke about the state of the Indian economy & the housing sector in the Post financial crisis period.

In his address, Mr. Mistry said that reducing demand pressure in the economy to combat inflation increases the risk of a downturn and that has a direct bearing on job creation. "We need to create 8 million new jobs every year and employ young talent and this needs to be done in the time frame of 2-3 years. If new jobs are not created, the demographic dividend will become demographic deficit and this will have a far greater social impact," he said. Mr. Mistry added that there is a need to promote entrepreneurship with particular focus on small and medium enterprises. He pointed out that the main driver of inflation in the Indian economy is food prices and there was an urgent need to stabilize them. He emphasized that unless the government takes specific steps to revamp agriculture, raise output, and smoothen supply chain management, high food inflation will be a recurring phenomenon and continue to bother the common man and policy makers.

Sudhanshu Pandey, Joint Secretary, Ministry of Commerce and Industry, said in his address at the Conclave that while Indian chartered accountants should be prepared to meet global challenges and noted that Indian chartered accountants had the potential to become global leaders in this profession.
"We have the power of becoming global leaders but we still work as surrogate firms. Together we can find a solution for a better future of CA industry," he said. He also emphasized on the knowledge economy and foreign Internship programmers which will be helpful in tie-ups with different countries to spread Indian chartered accountancy courses overseas.

Other key speakers included Mr. Kapil Bansal, Head - Treasury Advisory Group, HDFC Bank, who spoke at length about Treasury Functions and detailed their Uses & Abuses and CA. Ganesh Balakrishnan, FCA, who shared his views on the Conceptual Framework & Convergence of IFRS in India. CA. P. K Jain, Director Finance, GAIL India Ltd. spoke about Transfer Pricing while CA. S. P Garg, Director Finance, ONGC Videsh Ltd spoke about Cross Border Mergers and Amalgamations.

Mr. Vinod Mandlik, Head Corporate Indirect Tax, TCS, CA. R. Nagarajan, Director Finance, PFC Ltd., and Mr. K. Biswal, Director Finance, NTPC Ltd also shared their thoughts on key topics.
On the occasion, CA. K Raghu, Vice President, ICAI said, "The Corporate Conclave provides an excellent platform for India's brightest minds in the field of accountancy and finance to discuss and debate a number of burning issues that concern the profession and the overall business environment. This meet becomes all the more important since our economy and the industrial sector is currently at a critical juncture.

CA. Vijay Kumar Gupta, Chairman CMII said, "Over the years, the ICAI Corporate Forum has emerged as a pre-eminent platform among India Inc for the quality, depth and exchange of thoughts on a wide variety of issues. The platform also gives us an opportunity to honor chartered accountants, who are doing excellent work for their companies and contributing their bit for the development of the nation."


The Institute of Chartered Accountants of India (ICAI) is a Statutory body established under the Chartered Accountants Act, 1949 (Act No. XXXVIII of 1949) for the regulation of the profession of Chartered Accountants in India. During its 64 years of existence, ICAI has achieved recognition as a premier accounting body not only in the country but also globally, for its contribution in the fields of education, professional development, maintenance of high accounting, auditing and ethical standards. ICAI now is the second largest accounting body in the world.

About Fortuna Public Relations

360° solutions encompassing a customized blend of relationships and communication solutions aime   More..d to achieve your business objectives. We believe that knowledge should be in the context, relationships mutually beneficial and efforts continuous.Less..

Contact Information

Fortuna Public Relations
Online PR
Narain Manzil, Barakhamba Road, Connaught Place, New Delhi
Phone : 911147988900


Education   accountancy   ICAI  

Published On:

January 10, 2014

Print Release:

Print Release

If you have questions regarding information in this press release contact the company listed above. I-Newswire.com is a press release service and not the author of this press release.The information that is on or available through this site is for informational purposes only and speaks only as of the particular date or dates of that information. As some companies and PR Agencies submit their press releases once per week,month or quarter, make sure to check the official company website for accurate release dates as our site displays the I-Newswire.com press release distribution date only.We do not guarantee the accuracy or completeness of information on or available through this site, and we are not responsible for or omissions in that information or for actions taken in reliance on that information.

Related Releases

Renaissance Academy K-12 Private School Adds College Admissions Preparatory Classes to Its Curriculum
Renaissance Academy readies high-school students for SAT, ACT and TOEFL college entrance exams.

KBE Building Corp.'s Allan Kleban Appointed to Hood College Board of Associates
KBE Building Corp.'s Vice President of Business Development, Allan Kleban, has been appointed to the Hood College Board of Associates, a diverse group of alumni, parents, friends, and regional business leaders.

TERI University Begins Application Process with a New MTech in Urban Development and Management. Aaditi Isaac Reports
Admissions at The Energy and Resources Institute (TERI) University have begun. Aspirants can apply for admission to any programme in MSc, MTech, MA, MBA, advanced PG diploma and PhD by April 25.

Engineering Colleges in Punjab - Colleges That Empower the Students
Engineering colleges in Punjab - Engineering as a profession is considered to be the rewarding career option both in terms of job satisfaction and financial compensation.

Galgotias University Organizes the Event "G - Talk"
Galgotias University was recognized and feted for successfully differentiating itself from other universities in terms of its global-level academics