ICAI President's Message - January 2021



Quick Summary
The ICAI President's message for January 2021 reflects on the challenges of 2020 and looks forward to a positive new year. It highlights the resilience of the Indian economy, the government's reformist actions, and predicts a strong economic bounce back. The message also emphasises the crucial role of accounting professionals in supporting businesses and the nation's growth, alongside updates on ICAI's expanding global presence with new overseas and representative offices.

Dear Professional Colleagues, At the outset, hearty wishes for a very Happy, Prosperous and Joyful New Year to all of you and family Members! The year 2020 gone by has been a tough one for all of us. The year has thrown many curveballs for the mankind to deal with as we all witnessed the calam
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FAQ :

The message expresses a positive outlook for the new year, acknowledging the difficulties of 2020 but focusing on learnings, economic recovery, and the proactive role of the accounting profession.

The Reserve Bank of India predicts a strong bounce back with positive growth rates in the current financial year's third quarter. Other estimates suggest the Indian economy will enter a 'Goldilocks' phase characterised by economic stability, good employment, and growth rates higher than the global average.

ICAI is expanding its global presence by opening new overseas offices, such as in Singapore, and establishing Representative Offices in various European cities and the USA. This aims to serve members better and enhance the brand image of Indian Chartered Accountants internationally.

ICAI has launched a Digi-Locker facility for its members and students, providing secure access to authentic digital documents like certificates and membership cards. This initiative promotes digital empowerment and e-governance.

ICAI successfully conducted examinations for all three levels amidst stringent precautions, including increased centres, staggered entry/exit, and provision of masks and sanitisers, ensuring the safety and well-being of students.

The new office in Srinagar is a significant initiative to provide professional employment opportunities, facilitate skill development, spread accounting knowledge, and offer services to members and students in the Union Territory of J&K.




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Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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