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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!
India Gazette
4 days ago
- Politics
- India Gazette
PM Modi praises contributions of Doctors and CAs in 123rd Mann ki Baat
New Delhi [India], June 29 (ANI): Prime Minister Narendra Modi on Sunday praised the invaluable contributions of both Doctors and Chartered Accountants (CAs) while addressing the country during the 123rd edition of the monthly program Mann ki Baat and called attention to how both professions are such 'pillars of society,' with one being protectors of health and other being guides of economic life. Acknowledging their importance ahead of July 1, which marks both National Doctors' Day and Chartered Accountants' Day, the Prime Minister said, 'On the 1st of July, the day after tomorrow, we honour two very important professions - Doctors and CAs. Both of them are such pillars of society, which make our lives better. Doctors are the protectors of our health and CAs (Chartered Accountants) are the guides of economic life. My best wishes to all the Doctors and Chartered Accountants.' Notably, the Prime Minister also drew attention to the importance of protecting and preserving the environment, as the country celebrated World Environment Day earlier, just as one would their health. 'This month, we all celebrated the 'World Environment Day'. I received thousands of your messages. Many people told me about those friends who had set out alone to save the environment and then the whole society joined them. This contribution of everyone is becoming a great strength for our earth,' the PM said. Highlighting various examples of people from across the country, he added, 'Ramesh Kharmale of Pune... knowing about his work will inspire you a lot. When people take rest at the end of the week, Ramesh ji and his family set out with a pickaxe and a spade. Do you know where to? Towards the hills of Junnar. Be it sunshine or a steep climb, their ascent does not stop. They clear bushes, dig trenches to retain water and sow seeds. They dug 70 trenches in just two months.' Talking about another initiative, the PM talked about Ahmedabad city of Gujarat, where the Municipal Corporation has started the 'Mission for Million Trees' campaign. The target is to plant lakhs of trees. A special aspect about this campaign is 'Sindoor Van'. He also dedicated the campaign to the soldiers who participated in Operation Sindoor. 'This forest is dedicated to the bravehearts of Operation Sindoor. Sindoor saplings are being planted in the memory of those brave people who have sacrificed everything for the country. Here, another campaign is being given a new impetus - 'Ek Ped Maa Ke Naam'. Under this campaign, crores of trees have been planted in the country. You too must take part in such campaigns going on in your village or city,' he said. While remembering the horrors of the emergency, the PM also played archival audio of former Prime Ministers Morarji Desai, Babu Jagjivan Ram and Atal Bihari Vajpayee, who described the Emergency as a time of constitutional murder, mass arrests, and the suppression of civil liberties and the press. The PM asserted that every citizen should remember the ones who fought 'bravely' against the Emergency and it also inspires us to stay 'vigilant' to 'safeguard' the Constitution. (ANI)
