Madurai

Discuss constructively with Centre, Minister tells CAs

Union Minister of State for Commerce and IndustryNirmala Sitharaman addressing a conference in thecity on Saturday. Photo: S. James

Union Minister of State for Commerce and IndustryNirmala Sitharaman addressing a conference in thecity on Saturday. Photo: S. James   | Photo Credit: S_James

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“Need for CAs across traditional, modern industries is growing”

Calling the present government energetic and proactive as well as responsive, Union Minister of State for Commerce and Industry Nirmala Sitharaman urged the Institute of Chartered Accountants of India (ICAI) to engage in constructive discussions with the Union government.

She was speaking at the 46 regional conference of the Southern India Regional Council (SIRC) of ICAI, ‘Ennum Ezhuthum,’ at the Madura College here on Saturday.

Citing the example of the ICAI’s commitment and involvement in engaging with the government to bring about changes in provisions of the Companies Act, Ms. Nirmala Sitharaman praised the energy of the national body and its commitment to getting the Act, which was causing more injury than benefit, amended.

“Chartered Accountants should help in removing the undergrowth in various laws and regulations which will, in turn, contribute to faster development of the economy on a larger trajectory. At this vibrant forum in Madurai, I further appeal to the CAs to keep up the quality they are maintaining, but at the same time, not limit their numbers,” she said, addressing a special session of the conference. Ms. Sitharaman further pointed out that the need for CAs across traditional and modern industries was growing.

“The hesitation to highlight professional risks to companies which might later collapse and cause a greater damage to the economy shouldn’t be there among the professionals here. Dedicated and committed Chartered Accountants, who are ready to offer their expertise and guide these ventures, are the need of the hour,” she said.

Entrepreneurs of the region, who included Karumuttu T. Kannan, Managing Director, Thiagarajar Mills; Bharath K. S., Chairman, Aparajitha Group; Dinesh Ramachandran, Managing Director, TVS Group, and P.R. Ramasubrahmaneya Rajha, Chairman, Ramco Group, were honoured by the ICAI for their excellence.

BJP national secretary H. Raja, ICAI president K. Raghu, vice-president Manoj Fadnis and chairman of SIRC P.V. Rajarajeswaran were present.

The conference was inaugurated on Friday by Mr. Raghu, who had spoken about the readiness of CAs to cooperate with the government in its initiatives to bring back black money.

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Printable version | Jan 28, 2020 9:31:21 PM | https://www.thehindu.com/news/cities/Madurai/discuss-constructively-with-centre-minister-tells-cas/article6690676.ece

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