Today, June 18, in Srinagar, India, the Lieutenant Governor Manoj Sinha delivered a speech at the 12th residential meet of members of the Institute of Chartered Accountants of India (ICAI) who are employed in public service.
The Lieutenant Governor expressed his gratitude to the members of ICAI for the significant role they played in the development of the country.
The Lieutenant Governor of India said that the Institute of Chartered Accountants of India (ICAI) has indeed gone a very long way since its founding in 1949 and has made a significant contribution to India’s policies, governance, and economy.
“Accountancy is not just a matter of balance sheet, but it is also about laying a strong foundation for the socio-economic development of the country,” he made the observation.
According to the Lieutenant Governor, the Institution of Chartered Accountants of India (ICAI), which is a significant partner in nation building, has continually assisted different government institutions and regulatory agencies in the execution of vital policies connected to the inclusive development so that India may advance more quickly and its economy can grow stronger.
“India has evolved as the fifth greatest economic power in the world under the leadership of Honourable Prime Minister Shri Narendra Modi Ji, and new thinking has developed in both the commercial and governmental sectors. ‘This has given people new enthusiasm and confidence to lead the socio-economic sectors on a new road of advancement,’ he added. ‘This has given people new vigour and confidence.
Many of the largest organisations and businesses in the world have voiced their optimism over India’s future prospects as a result of the country’s prudent economic policies. The Lieutenant Governor continued by saying that he is pleased that ICAI is actively engaging in this journey and creating the finest worldwide standards.
Our determination to create a “Atma-Nirbhar Bharat” is finding a newfound pace as of late. He went on to say that the changes that were implemented to bring the economy of the countryside up to speed with that of the city helped realise the power and potential of the villages.
In addition to this, the Lieutenant Governor emphasised the significant part that Chartered Accountants play in the process of social transformation and in ensuring the welfare of those at the bottom rung of the ladder of development.
According to the Lt. Governor, “Today, the role of Chartered Accountants is not limited to maintaining the credibility of the financial market, maintaining discipline, maintaining the confidence of investors and shareholders, but they are also ensuring expenditure on development programmes, every penny of the government exchequer should reach the needy people.”
During the meeting, the Lieutenant Governor discussed the changes that have been made by the Government of the UT in order to develop a governance structure that is inclusive, transparent, effective, and accountable.
“Through the BEAMS Empowerment programme, we have made significant improvements to the lives of people living in Jammu and Kashmir. The Deputy Lieutenant Governor said that “we have ensured that every single penny that was spent on projects is accounted for, that details are put into the public domain for the public to see, and that projects execution meets the deadline.”
He said that the rapid progress that has taken place in the UT under the direction of the Honourable Prime Minister has altered the perception that the rest of the world has of Jammu and Kashmir.
“Back in the day, Jammu and Kashmir was known as a hotspot for terrorism, but now days, it’s more of a hotspot for tourism and growth. According to the Lieutenant Governor, “I am confident that this year’s total will exceed 2.25 crore,” which is the previous year’s record for the number of visitors that visited Jammu and Kashmir, which was 1.88 crore.
When compared to the time period that came before 2019, the pace at which we work has grown by a factor of ten. In Amrit Kaal, new ambitions have been given birth to in the society, new resolves have emerged among the young, and in many ways, J&K is on par with established states in terms of its level of development, as he further said.
The Lieutenant Governor reaffirmed the commitment to satisfy the requirements of the Institute of Chartered Accountants of India and said that the land for the centre of excellence has been located and would be assigned in the near future.
CA The President of the Institute of Chartered Accountants of India (ICAI), Aniket Sunil Talati, sent his thanks to the Lieutenant Governor-led UT Administration for granting their request to provide property for the ICAI’s centre of excellence in Jammu and Kashmir.
