The President of the Institute of Chartered Accountants of India (ICAI) has emphasised the critical role of financial literacy in driving financial inclusion and strengthening the Indian economy. He noted that improving citizens' financial well-being encourages productive investment of household savings. The ICAI is actively promoting financial literacy through initiatives like 'Vitiyagyan' and encourages its members to participate at the grassroots level.
Dear Professional Colleagues,
As the last month of the year approaches, it is the time when most of us introspect about our past and plan for the future. We review this years progress and plan the resolutions to achieve our goals for the coming year. The year 2021 has been a year of consolidation, where together, we have taken many positive steps to move from pillar to pillar, as a result, our economy is showing green shoots of growth. With great efforts, we are slowly and steadily coming out
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FAQ :
The ICAI President highlights that India's economy is showing signs of recovery and growth, emerging as the fastest-growing globally, despite challenges like the pandemic.
The ICAI has established an expert group to analyse new laws and suggest amendments to existing ones, sharing findings with the government to aid decision-making and policy formulation.
The ICAI has launched 'Vitiyagyan – ICAI ka Abhiyaan' to promote financial literacy and urges its members to take this initiative to grassroots levels.
Technology, through initiatives like the JAM Trinity (Jan Dhan, Aadhar, Mobile) and UPI transactions, is enabling wider access to financial services, making financial inclusion more achievable.
The ICAI International Conference, scheduled for January 21-22, 2022, is themed 'Accountants Creating a Digital and Sustainable Economy'.
Chartered Accountants have a role in promoting sustainability by educating themselves and others on ESG matters and contributing to transparent corporate reporting, especially in light of new global standards.