Improving Financial Literacy in Country, Says Vice President
New Delhi, January 3 (IANS): Vice President Venkaiah Naidu on Monday stressed the need to improve financial literacy among the masses and urged professionals like Chartered Accountants (CAs) to work in this direction by explaining financial rules and regulations to the public in a simple and easy language for their greater benefit. .
Addressing the assembly at the cornerstone laying ceremony of ICAI Bhawan, Ernakulam, he observed that one has to deal with many complex rules and regulations while dealing with topics such as accounting and finance in everyday life.
He also appreciated the government’s efforts to ease the business environment through reforms such as the GST and urged CA professionals to take a proactive role in this regulatory transformation, from the policy-making process. until its implementation at the base.
The vice president said CAs have a heavy responsibility in guiding the business community to follow the rules and regulations. Seeing that a few black sheep bring a bad name to the entire business community, he advised students to work hard, be disciplined, and follow the rules.
Citing the example of nurses in Kerala, who have earned a good reputation around the world for their hard work, Naidu said, âIf you have caliber and ability, and add character to it, you can excel. In any domain.
Calling CAs among the most sought-after professionals in finance, accounting and auditing, Naidu wanted them to stay abreast of the latest developments in their field, including new technologies.
âThe new generation of CAs need to be extremely tech savvy, adaptive and responsive,â he said.
Reaffirming that the Indian economy is recovering quickly from the unexpected setback caused by Covid-19, Naidu felt that in the post-Covid scenario, the country can demonstrate a new corporate saga attracting the whole world with multiple strengths.
âAs the government works with a long-term vision and absolute commitment, it is essential that organizations like ICAI align themselves with this thinking,â he said.