Chartered Accountants Should act as Catalyst for Evolving Transparent Processes, says Minister Smt Nirmala Sitharaman

Chartered Accountants Should act as Catalyst for Evolving Transparent Processes, says Minister Smt Nirmala Sitharaman: 

calls for Cutting “Huge Undergrowth of Laws and Regulations” to Carry forth the Economy: Attends 46th Regional Conference of the ICAI in Madurai 

Minister for Commerce and Industry Smt Nirmala Sitharaman has called upon the Institute of Chartered accountants of India (ICAI) to act as a catalyst in evolving transparent processes and ensuring accountability. She commended the role played by the ICAI in bringing about various changes in the provisions of the Companies Act. Smt Sitharaman was speaking at the 46th Regional Conference of the ICAI in Madurai a short while ago. 

The minister also asked the ICAI to interact with the government which is understanding and responsive to the demands of various sections of the society, industry and professionals. She pointed out that this is “the right government to deal with”. 

Smt Sitharaman said that the ICAI must also think of upholding quality while at the same time taking care of the numbers too. She pointed out that the demand for chartered accountants is felt in every facet of the industry, be it venture capitals, companies or manufacturing units. 

The minister also made the point that professionals like CAs must apply their minds to cut “the huge undergrowth of laws, regulations and help carry the economy forward without hindrance”. She reminded that the government under Shri Narendra Modi has laid stress on transparency, ”Less government and more governance” and on implementing best practices that are scalable and that can be emulated. She called upon chartered accountants to come up with new ideas in these areas. 

Earlier the minister was given a warm welcome by the office bearers of the ICAI which included President of the ICAI Shri K Raghu and Chairman of the South Indian Regional Conference (SIRC) Shri P V Rajarajeswaran. BJP Tamilnadu Vice President Shri H Raja was also present.

Training of Gentle Men Cadets Culminates with Scintillating Passing out Parade at Officers Training Academy Gaya 

The Drill Square of Officers Training Academy wore a spectacular look with traditional military regalia and splendour on the occasion of Sixth Passing Out Parade. 29 Special Commission Officers of 33 SCO Course got commissioned into the Indian Army and 137 Gentlemen Cadets of 30th Technical Entry Scheme course proceeded to various engineering colleges of the Army to pursue their engineering degrees from military engineering colleges at Secundarabad, Mhow and Pune. The Passing Out Parade ushered in another glorious day in the chequered history of the Indian Army as the Gentlemen Cadets of Officers Training Academy, Gaya mesmerised a large gathering of military and civil dignitaries and family members of the trainees with their suave and graceful drill movements in an impressive parade. Chief Of The Air Staff, Air Chief Marshal Arup Raha, Param Visisht Seva Medal, Ati Visisht Seva Medal, Vayusena Medal, Aid- De-Camp was the reviewing officer of the parade. 

The Reviewing Officer arrived at the venue in a majestic Black Victorian Horse Carriage escorted by smartly dressed mounted horse riders. He was received at the venue by Lieutinant General Rakesh Kumar Sharma Sena Medal Commandant Officers Training Academy Gaya. The Reviewing Officer was accorded a salute by the parade followed by an impressive March Past. 

The Chief of the Air Staff also gave away various awards to the Gentleman Cadets who had excelled in training. The Gold Medal for standing first in the Order of Merit among the SCO and TES entries were awarded to Academy Under Officer Dhiraj Singh Bisht and Battalion Under Officer Gopal Kumar respectively while the Silver Medal for those Second in the Order of Merit, were given to Battalion Cadet Adjutant Mahender Pal and Academy Cadet Adjutant Himmat Singh Kahlon of the two courses respectively. Bronze medal for standing third in Order of Merit among TES course was awarded to Battalion Cadet Quarter Master Sahil S patil. Guerz Company was awarded the Chief Of Army Staff Banner for the overall champions of Autumn Term 2014. 

Later, addressing the parade, Air Chief Marshal Arup Raha congratulated the Gentlemen Cadets for excellent standard of turnout and drill. He urged the future officers to make their nation and their alma mater proud by rendering selfless and honourable service. He also stressed on the virtues of military ethos and soldierly qualities which they should imbibe. 

The parade culminated with the Passing Out Course stepping on the shimmering stone of the ‘Antim Pag’ ( the ‘Final Step’) who were then administered the oath by the Adjutant of the Academy in presence of the Chief Guest and other dignitaries. The badges of officers’ rank were then placed on the shoulders of the newly commissioned officers by their parents and close relatives. 

It was a lifetime experience for the parents of the newly commissioned officers. All of them were overwhelmed with emotional feelings and said that they were very proud of their sons. Congratulating the parents, the Reviewing officer said that they were among a few lucky parents whose sons got the opportunity to serve in the Army as it is one of the noblest professions. 

It will be recalled that Government had given a nod to raising one more Pre-Commission Training Academy in the year 2010, primarily to plug the officers shortage in the Army. Consequently, OTA, Gaya was raised on 18 July 2011 with the motto of ‘Shaurya, Gyan, Sankalp’ (Courage, Wisdom, Resolve). Presently, the Academy conducts training for the Technical Entry Scheme and Special Commission Officer entries, popularly known as the TES and SCO respectively. The Cadets belonging to the former category join the Academy after completing the 10+2 schooling the latter are selected from the rank and files of the armed forces. The TES entry undergo one year of Basic Military Training before proceeding to various Military Technical Institutions for engineering studies. They get commissioned on completion of their technical training. The SCO Cadets are given pre-commission training before getting commissioned into various regiments of the Army and Assam Rifles


DRDO Wins Innovation Excellence Award 

Defence Research & Development Organisation (DRDO), has been once again awarded the prestigious Thomson Reuters India Innovation Award- 2014 in category of “Research Institutions”. Shri Avinash Kumar, Additional Director (IPR), DRDO HQ received the award on behalf of DRDO at a function held in Mumbai on yesterday. The award was adjudged on the basis of patents filed, efficiency and effectiveness of research, the impact of innovations as measured by patent citations and international competitiveness. DRDO had also won the Thomson Reuters India Innovation Award- 2011 in the category of “Hi-Tech Academic & Government”. 

DRDO is dedicated towards enhancing self-reliance in Defence Systems and undertakes design and development of world class weapon systems and equipment in accordance with the express needs and qualitative requirements of the three services and leading them to production with industry. DRDO has been working in various areas of military technology including aeronautics, armaments, electronics, combat vehicles, engineering systems, instrumentation, missiles, advanced computing and simulation, special materials, naval systems, life sciences, training and information systems and has generated cutting edge defence technologies covering various disciplines over the years. The innovation has been integral part of DRDO’s R&D efforts which have led to the current IPR portfolio of around 1600 including patents, copyrights, trademarks and designs. It has also provided ample spin-off benefits to the society by allowing some of its technologies released for civilian applications. 
Chartered Accountants Should act as Catalyst for Evolving Transparent Processes, says Minister Smt Nirmala Sitharaman Chartered Accountants Should act as Catalyst for Evolving Transparent Processes, says Minister Smt Nirmala Sitharaman Reviewed by Ajit Kumar on 3:37 PM Rating: 5

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