Nizamabad MP K. Kavitha asked the aspiring chartered accountants (CAs) to focus on not just getting a degree, but understanding the core profession, particularly in view of several economic and financial reforms introduced by the present Union Government.
She was speaking after inaugurating the two-day ‘International Conference for CA Students’ being hosted by the Institute of Chartered Accountants of India (ICAI). Hyderabad is hosting the conference for the first time where more than 2,000 aspiring CAs from India and other Asian countries are participating.
She referred to the tax reforms like GST, abolition of Planning Commission, shifting of the budget presentation from March to February and the format of planned and non-planned budget, black money bill, insolvency code and redistribution of powers between the RBI and the political system, and said that these changes need to be understood by the young CAs better as they would encounter these during their career.
Ms. Kavitha also appreciated the growing number of women pursuing CA course which has gone up from 8 per cent to 16 per cent in the recent years and said it was time women master the complicated subjects like finance.
She was happy that the ICAI was being headed by a Telugu man, Deveraja Reddy, for the first time since its establishment.
Mr. Reddy said Indian CAs were most sought-after because of our better language skills than Chinese CAs, while our hard work and truthfulness beats Pakistanis, and as against Europeans our commitment was unmatchable. He said more than 30,000 Indian CAs were working abroad.
Mr. Reddy said students should erase the impression that CA course was tough and advised them not to deviate by simultaneously doing other courses like ICWA, CS and Law.
He requested Ms. Kavitha to use her good offices with the Chief Minister, K. Chandrasekhar Rao, to allot a place for setting up the institute in Warangal or Karimnagar so that rural students need not come to Hyderabad to pursue the CA course.
