The
Institute of Cost Accountants of India celebrated its Annual Day in which Mr. K. Rahman Khan, Minister of Minority
Affairs was the Chief Guest and Mr. M.J.Joseph, Additional Secretary,Ministry
of Corporate Affairs was the Guest of Honor. Cost Accountants from across the
country, other distinguished guest and luminaries attended the event which was
held in the hotel Oberoi.
In the inaugural session Mr. K.Rahaman
said that three Institutes, namely,the Institute of Cost Accountants of India, the
Institute of Chartered Accountants of Indiaand the Institute of Company
Secretaries of India have done a commendable job in continuously upgrading its
body of knowledge and responding quickly to the needs of stakeholders,
particularly that of governments, companies and other stakeholders. Therefore,
each one of them occupies a prominent position in the economy.
Mr. Rakesh Singh, President of the Institute said that the
Institute through its 4 Regional Councils andaround 95 Chapters throughout the
country, caters to around 50,000 members and 5,50,000 students. With the demand
for professionals who help different entities to take informed decisions based
on costs, growing by leaps and bounds, it provides a very good opportunity to
any young person aspiring to become a globally renowned CMA. So as far as the CMA bodies are
concerned the Institute is the second largest CMA body in the world with the annual
rate of growth is touching almost 30 per cent.He stated that now when the economy has opened up the
skills and standards are on a substantial rise and catering to this demand is a
challenging task. So, from 1st of January 2013, the complete
curriculum has been changed and now it is sync with the international standard.
Mr. Rakesh Singh told the audience
that in order to spread awareness, CMA support centresopened across India and
this step was demanded by the ministry. The Institute has already opened about
400 centres ,up from the 100 when started last year. In Kerala and Rajasthan we
will be opening 500-550 centers will be geared by the end of June. The first
experiment started with the state of Kerala whereby with the support of state
government the Institute got into employable skill development and accordingly
a modified certificate course in Accounting Technicians has been launched. The
students after passing 10th standard can enrollin the course. The course has
been retuned into one year course with a cost of just 8,600 rupees. This has
been taken as a professional social responsibility by the Institute.
Inaugural session was followed by a
cultural program starting from Ganesh Vandana followed by 10 other folk dance
sequences which included the lyrical Ghoomar from Rajasthan, Bhangra and Gidda
from Punjab, Kathak and Bhartnataym etc. The function was over with the vote of
thanks given by Mr. S.C. Mohanty, Vice- President.
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