CPT was introduced because of so many challenges before the ICAI....

the economy was in bull phaze in 2004-05.....

so many foreign acquisitions by Indian Companies, FDI, SEZ and so on....

but crash of world economy in 2008 deteriorated the whole picture....

more than 200 banks failed in US....

due to this; not only CAs; but whole world had to face the worst ever situtions after II world war.

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Still CAs have great opportunities....

but these are for those who are ready to face challenges in emerging scenerio.

What are such challenges are clearly described in ICAI journal which most of the members are not ready to accept that something useful is there.

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I request the students and members to refer at least immediate past 12 issues of ICAI journal....

then they will come to know that the course materials is required to be "adjusted" according to the new developments

so that these can be applied practically.

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Unforunately; very few students/members have REAL INTERESTS in studies and discussions.

Students and members feel HORRIBLE when they are advised  to refresh their knowledge by continuing their studies.

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Further; much labour is exercised on what are the problems than what are the solutions.

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Sir,

I respect your zeal for the good of Our Proffession and students..............but, its not that evry one possesing a certain degree must excel...it depends on independent individual capabilities and hard work....

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and, if we really start to think that more no of CAs being passed out is the root of unemployment.......then.....Alas..!!! we will have to admit that our senoirs in the profession were employed for lack of choice rather than their talent..................and i know for a fact, that is not the case......

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so for being Employed or bieng Applauded...we have to stand apart and tall........

WORK HARD...And SMART in the only way... 

@ Naresh M D, please read the SECOND PART of my post again ....and you will find what I have tried to convey.

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Still CAs have great opportunities......

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(Problems are for those who wish SUCCESS in DAY ONE immediately after QUALIFICATION without exercising further).

Awesome story

Thanks for sharing