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India Gazette
a day ago
- Business
- India Gazette
Chartered Accountants are architects of financial integrity and partners in national governance : Hardeep Singh Puri
New Delhi [India], July 2 (ANI): The Institute of Chartered Accountants of India (ICAI), the world's largest accounting body, celebrated its 77th Chartered Accountants Day on July 1. On this occasion, a grand celebration was organised at Bharat Mandapam in New Delhi. The celebration was inaugurated by Hardeep Singh Puri, Minister of Petroleum and Natural Gas, as the Chief Guest in the presence of CA Charanjot Singh Nanda, President ICAI and CA. Prasanna Kumar D, Vice President, ICAI. Also present were Central and Regional Council Members of ICAI; CA Jai Kumar Batra, Secretary, ICAI and a galaxy of Past Presidents. During the inaugural address, Hardeep Singh Puri, Minister of Petroleum & Natural Gas, highlighted, ' 'Today, we celebrate not just the legacy of an institution, your 77th anniversary, but we celebrate here the spirit of integrity, diligence and nation building that defines this great profession. Chartered Accountants stand as architects of financial integrity, custodians of transparency and trusted partners in national governance.' 'Their expertise today goes far beyond audits and taxation, shaping corporate strategy, sustainability and building investor confidence both at home and globally. Through diligence, integrity and world-class standards, the profession has played a crucial role in strengthening India's rise as a global economic powerhouse. As the nation moves towards Viksit Bharat by 2047, I am confident that ICAI and the CA fraternity will continue driving growth, trust and sustainability across every sector, and helping script the next chapter of India's development story. Heartiest congratulations to ICAI and all its members on this remarkable milestone,' he added. During his presidential address, ICAI President said, ' From 1700 members to over 5 lakh members spanning across 47 countries, ICAI has grown a long way in the last 77 years. As a trusted partner in nation-building, ICAI has always supported the Government initiatives contributing to India's journey towards becoming a Viksit Bharat. Our profession is evolving rapidly, with AI, blockchain, and big data, the tools may change, but our values must remain constant.' While extending a vote of thanks, Prasanna Kumar D, Vice President, ICAI, stated, 'Chartered Accountants are the pillars of the Indian economy and will continue to partner in nation-building to make India a developed nation by 2047.' The event also witnessed an insightful technical session on the Capital Market addressed by Shri Anil Singhvi, Managing Editor, Zee Business and Shri Vijay Kedia, Capital Market Expert. On the occasion of CA Day, ICAI launched the 'ICAI AI Agent' -- a next-generation, AI-powered digital workspace designed for its employees, with plans to extend it to members and students in the next phase. This milestone marks a significant leap in ICAI's journey towards building a smarter, AI-enabled professional ecosystem. Further, ICAI also established a group dedicated to the development of the rural economy. This group focuses on a people-centric approach, promoting agri-entrepreneurship, localising sustainable development goals, and ensuring the effective implementation of government schemes at the grassroots level. Paying tribute to ICAI's 77th Foundation Day, a cultural dance presentation on the theme 'VISHWASNIYA' showcasing the journey of ICAI through traditional and folk dances of India was performed. (ANI)
United News of India
2 days ago
- Business
- United News of India
Modi greets CAs on Charted Accountant's Day
New Delhi, July 1 (UNI) Prime Minister, Narendra Modi, today greeted Charted Accountants on Chartered Accountant's Day, emphasising that their precision and expertise have helped strengthening the country's economy. "Wishing all Chartered Accountants a very happy CA Day! Their precision and expertise are essential for every organisation. By emphasising on compliance and transparency, they contribute to a healthy economy. Their role in nurturing successful corporations is also outstanding," the PM wrote in his post on social media platform.
Time of India
2 days ago
- Business
- Time of India
How to become a CA after 12th: Key subjects, streams, exam levels & step-by-step guide to prepare for Chartered Accountant
Chartered Accountant (CA): Becoming a Chartered Accountant (CA) after completing the 12th grade is a well-structured journey that opens doors to a prestigious and rewarding career in finance and accounting. The process typically begins by enrolling in the CA Foundation course through the Institute of Chartered Accountants of India (ICAI). After successfully passing the Foundation exam, candidates move on to the CA Intermediate level. It followed by a mandatory three-year article ship to gain practical experience. Finally, clearing the CA Final exam qualifies one to become a certified Chartered Accountant. What is Chartered Accountant Day in India and its Significance? Chartered Accountant Day in India, celebrated annually on July 1st. It marks the founding of the Institute of Chartered Accountants of India (ICAI) in 1949. The day honours the prominent role CAs play in maintaining financial transparency, compliance, and economic growth in India. In 2025, ICAI will celebrate its 77th anniversary, showcasing the profession's importance and inspiring future aspirants. CA course after 12th The Chartered Accountant course is a prestigious professional qualification governed by ICAI. Students can pursue CA after 12th commerce or CA after 12th science, with a structured plan through Foundation, Intermediate, and Final exam levels. The course combines theoretical knowledge with practical training to prepare candidates for a career in accounting, auditing, taxation, and finance. Key subjects and streams for CA after 12th Below is the required important subjects and streams for CA after 12th listed: Step-by-step guide to become CA after 12th Below is the required Step-by-step guide to become CA after 12th listed: CA course fees and duration 2025 overview Below is the required CA course fees and duration 2025 overview listed: Salary expectations for CA after 12th in India (Based on experience) CAs enjoy one of the highest salary packages in the finance sector. Below is the required Salary expectations for CA after 12th in India listed (As per shiksha): International exams for CA and global opportunities Besides the Indian CA qualification, aspirants can pursue international exams for CA such as ACCA (UK), CPA (USA), and CA Australia. These certifications enhance global career prospects and complement the ICAI qualification for those aiming to work abroad or with multinational firms. Chartered Accountant Day wishes 2025 On Chartered Accountant Day 2025, professionals and students share heartfelt wishes for CA Day such as: "Happy Chartered Accountants Day! Your dedication keeps the economy strong." "Wishing all CAs a successful and inspiring CA Day 2025." Wishing you a day full of balance, audit success, and appreciation. To the financial leaders of today and tomorrow—Happy CA Day! Your dedication to financial excellence deserves every bit of recognition. Happy CA Day to those who keep companies running smoothly behind the scenes. A warm salute to all CAs who ensure every rupee is accounted for! Chartered Accountant Day quotes 2025 Celebrating those who add value beyond numbers—Happy CA Day! A big thank you to every CA for your role in building economic trust. Wishing strength and success to all the hardworking Chartered Accountants! Here's to the ones who audit with honesty and lead with knowledge. Happy CA Day to those who understand both the art and science of finance. FAQs Q: When is Chartered Accountant Day celebrated in India? Answer: CA Day is celebrated every year on July 1st, commemorating the ICAI's foundation in 1949. Q: How much time does it take to become CA after 12th? Answer: It typically takes about 4.5 to 5 years to complete the CA course after 12th, including exams and articleship. Q: Which degree is best for CA after 12th? Answer: While CA can be pursued directly after 12th, commerce stream with subjects like Accountancy and Economics is considered the best foundation for CA preparation. Q: What is the CA course fees after 12th? Answer: The total CA course fees range from approximately INR 50,000 to 60,000, excluding coaching and study materials. Q: What is the salary of a CA after 12th in India? Answer: Entry-level CAs can expect a salary of around 6-8 lakhs per annum (tentative), which increases significantly with experience.
Time of India
2 days ago
- Business
- Time of India
National Chartered Accountant (CA) Day 2025: Why is it celebrated on July 1 in India?
National Chartered Accountant Day 2025: Every year on 1st July, India celebrates National Chartered Accountants Day to mark the foundation of the Institute of Chartered Accountants of India (ICAI). This special day recognises the hard work and contribution of Chartered Accountants (CAs) towards the growth of India's economy. In 2025, this day holds even greater significance as the country continues to rely on strong financial systems and professional auditors. History of National Chartered Accountants Day The history of National Chartered Accountants Day goes back to 1st July 1949, when the Indian Parliament passed the Chartered Accountants Act. This Act led to the creation of the ICAI, a body responsible for regulating the accounting profession in India. Interestingly, this happened even before India formally adopted its Constitution in 1950, making ICAI one of the country's oldest professional bodies. Today, the ICAI is the second-largest accounting and finance body in the world in terms of membership. As of 2025, it has over 2.5 lakh registered members, who proudly hold the title of Chartered Accountant. Why is 1st July Celebrated as CA Day? The reason behind celebrating 1st July as National Chartered Accountants Day is to honour the formation of ICAI on this day in 1949. Since then, this day is observed every year to appreciate the work of CAs in maintaining transparency, financial discipline, and ethical standards across industries. Being part of the ICAI is a prestigious achievement. The organisation not only grants licenses to practise as a CA but also sets the rules that are followed by authorities like the National Financial Reporting Authority (NFRA) and companies across the country. The Journey of the CA Profession in India The history of the CA profession in India started long before independence. In 1913, the British government introduced the Indian Companies Act, which required businesses to maintain certain books of accounts and appoint auditors. To meet this demand, in 1918, a Government Diploma in Accountancy course was launched in Bombay (now Mumbai). The course structure was quite similar to today's CA programme, including a three-year training period. In 1930, a register of accountants was introduced, and those listed were called Registered Accountants. However, the profession still lacked proper regulation until 1948, when an expert committee recommended forming an independent body to oversee accounting standards and practices. How 'Chartered Accountant' Became the Official Title Before ICAI was set up, many Indian professionals had already qualified as members of the Institute of Chartered Accountants in England and Wales (ICAEW). These professionals used the term Chartered Accountant. Even though there was some debate about using this British-origin term in India, it continued due to its popularity and global recognition. So, when the Chartered Accountants Act of 1949 was passed, the title Chartered Accountant officially replaced the older term Registered Accountant. This marked a significant step in establishing the CA profession in India. Interesting Fact About the Word 'Chartered' In India, the term 'Chartered' in Chartered Accountant has nothing to do with the British royal charter. Unlike countries like the UK, India is a republic. So, the word is simply carried over for professional recognition and does not imply any royal backing. National Chartered Accountants Day 2025 is a time to reflect on the history and importance of the CA profession in India. It's a tribute to those who ensure financial accuracy, tax compliance, and transparency in the economy. Celebrated every year on 1st July, this day reminds us of how vital Chartered Accountants are to the financial backbone of the nation. For more informative articles on historical and upcoming events from around the world, please visit Indiatimes Events.
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Business Standard
2 days ago
- Business
- Business Standard
CA Day 2025: History, significance, and importance of ICAI for India
The Institute of Chartered Accountants of India (ICAI) observes Chartered Accountants' Day (CA Day) on July 1st every year, marking the foundation of the institute in 1949. The day recognises the vital contributions of chartered accountants in shaping India's financial growth and ensuring economic integrity across sectors. This day honours the commitment, knowledge, and moral principles maintained by chartered accountants, who are essential to maintaining financial openness, legal compliance, and economic expansion. Even though there are only about 4 lakh certified chartered accountants in India, a nation of over a billion people, the profession is nonetheless very prominent because of its demanding standards and testing procedure. What is the history of ICAI CA Day? The Institute of Chartered Accountants of India (ICAI) was founded on July 1, 1949, under the Chartered Accountants Act, 1949, passed by the Indian Parliament. It was formed to: • Regulate the Indian chartered accounting profession. • Encourage the highest standards in financial management, auditing, and accounting. • Encourage financial integrity to aid in the development of the country. Significance of CA Day 2025 • Acknowledge the contributions of CAs- Chartered accountants are essential to economic stability because they guarantee business governance, tax compliance, and financial precision. • Encourage ethical standards: The day serves as a reminder of the value of honesty, openness, and professionalism in financial reporting. • Motivate Future CAs- CA Day encourages students to pursue this demanding yet fulfilling career by offering one of the most difficult exams in India. • Emphasis on ICAI's function- The institute supports international accounting practices, offers advanced training, and updates accounting standards on a regular basis. How will CA Day 2025 be celebrated? This year, the 77th anniversary of ICAI will be celebrated in grand style at Pragati Maidan, New Delhi's Bharat Mandapam. To commemorate the day, ICAI hosts some activities, such as: • Award Ceremonies- Honouring exceptional CAs and those who have made significant contributions to the field. • Conferences and Seminars- Talking about new developments in technology, taxation, and finance. Numerous professional associations, academic institutions, and CA businesses also commemorate by holding webinars, social media campaigns, and networking events. • Cultural Programs - Honouring the CA community's accomplishments. • Campaigns for Public Awareness - Teaching individuals about the importance of certified chartered accountants and financial literacy. CA Day 2025: About ICAI An Act of Parliament established the ICAI as a regulatory organisation to monitor and promote the chartered accountant profession in India. The largest association of chartered accountants worldwide, ICAI, is overseen by the Ministry of Corporate Affairs and contributes significantly to the Indian economy. Because of its strong educational and exam procedures, as well as its adherence to high technical and ethical standards, ICAI has established itself as one of the world's leading accounting bodies over the years. The number of members and students in the profession has increased significantly since 1949. After the American Institute of Certified Public Accountants (AICPA), ICAI is the second-largest accounting organisation globally. The CA designation is widely valued since it is the only licensing body for financial audits in India. Happy CA Day 2025: Wishes and Greetings • Happy Chartered Accountants Day 2025! Your hard work, honesty, and knowledge mean so much to the world of finance. Thank you for all your efforts! • Today is your day! We appreciate the valuable work you do behind the scenes. Keep reaching new milestones. Happy CA Day 2025! • Happy CA Day 2025! Your financial skills and smart thinking help keep everything running smoothly. Thank you for your important role! • Wishing a very Happy CA Day to all the amazing chartered accountants! Your dedication and high standards inspire everyone around you. • To every chartered accountant out there, your long hours and commitment make a big difference. Wishing you a day full of appreciation and happiness!
