ICWAI 2011 bill becomes an Act from today

NOW two ICAI

1. ICAI(Outdated) - INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA. 

2.ICAI (New) - INSTITUTE OF COST ACCOUNTANTS OF INDIA.

But still i feel that ICAI(new) name should be changed to ICMAI, since the brand name "ICAI " has already started losing its value in the market.

We need to go many a miles before we sleep. So far we have achieved victory over half battle by obtaining ACMA(Associate Cost & Management Accountant) and FCMA(Fellow Cost & Management Accountant) being at par with international counterparts of the Cost Accountants as has been provided in the Cost & Works Accountants (Amendment) Act 2011. We must not cease fire till the name of our Institute (ICAI) changes to the Institute of Cost & Management Accountants of India(ICMAI). Ministry of Corporate Affairs has name us as the Institute of Cost Accountants of India(ICAI) which we never want. We want  to excel with our own identity as the Management Accountants or Cost & Management Accountants with accronym "ICMAI" and not "ICAI" which is associated with the name of the  Institute of Chartered Accountants of India (ICAI). Many Chartered Accountant friends are campaigning against the Cost Accountants that they have opted for "ICAI" which is totally a false allegation and I thus request them to desist from such negative canvasing against the ACMAs/FCMAs.It is indeed unfortuante that both the Institute of Chartered Accountants of India and the Institute of Cost Accountants of India have  to share the same accronym (ICAI) till  the Institute of Cost Accountants of India becames ICMAI.

It isGOI policy  to decide how long it needs Cost Accountant or Management Accountants or Merge all accounting bodiies.

We can just google here and there so  that our frastrattion can be decresed . 

Capital shifted from Kolkata to New Delhi , what worse kolkata is now , where new delhi, NCR  hag gone. No body can now think to shift capital to kolkata again.

Same things happened with  Management Accounting  ,English discovred it and dismantled it. See th thousands joint ventures with collages and schools and Institutes to offer MBA (MA) . Free DDegree inMA to CPA US is lates version on dismanlte program by CIMA , IFAC also advocates dismanling program. How alone we can sustain t. But Accountancy (CA/CPA) was not discovred by english alone ,but  it wasby  mixed society UK,US Italy and so many , hence no body can dismantle it.