Hi friends. Please stop talking about minimum stipend. If institute raises minimum stipend then small and medium chartered accountant office won't recruit article who dont have any basic knowledge. Then there could be situation where we will be forced to pay money to get articleship. (Bribe). They can get paid assistance at Rs.5000 who can work any number of hours.
Note : It is minimum stipend. There are firms who pay more stipend. Who ever want more stipend go there. Example PWC. They will pay you more.. But their recruitment procedure is complex. Not easy to get article there. If institute raises stipend, then the same PWC procedure will be followed by everyone.
Merits and demerits of raising minimum stipend.
Merits
1. More money to enjoy.
2. It may support for our studies.
3. Poor families, stdents can take care of family too.
Demerits.
1. Stringent recruitment procedure.
2. Increased working hours to compensate the amount paid.
3. Increased work load and even targets may be fixed.
4. Limited requirement by CA to their need. So Non availability of vacancy.(Unemployment)
5. Stringent procedure for exam leave. Even no leave for exams.
6 Profit oriented, not training oriented. (Chartered accountants are clever in managing
finance. They know how to make profit).
CAclubindia
