In a freewheeling interview, he said ;
In the past five-six years, Bihar has registered remarkable growth. Do you perceive any role of the ICAI in accelerating the growth pace?
The ICAI can play a vital role in speeding up Bihar's growth if the state government involves our cost and management accountants (CMAs) in finalizing development plans and finalizing various tariff and taxation rates. Whenever a CMA is involved in planning, he/she ensures that any work is executed at the minimum cost. It will save government money. Altogether 20 states are now taking services of CMAs in planning and project management. Bihar, too, is taking services of our members. But we want greater involvement in Bihar's planning, decision-making and accounting operations.
How can a cost accountant be useful for the state government's schemes?
A CMA can have an important role to play in government schemes. Suppose the government wants to purchase lifesaving drugs under the National Rural Health Mission. If a cost accountant is involved in the process, he/she would come out with minimum cost of different drugs.
Can you speak in brief about your Institute?
ICAI is a professional body of CMAs, constituted by an Act of the Parliament. It has over 55,000 members all over the country and around 300 new members are being added every month. The Institute has 100 domestic and five overseas branches. Bihar has only one branch in Patna.
Have you any plan to increase ICAI's outreach in Bihar?
We have decided to increase our outreach in the fast-growing Bihar. The state has registered terrific growth in infrastructure and economy in the recent years. So, we have decided to set up at least one CMA Support Centre in each of its districts. It will be basically opened at any college. There will be no cap on the number of Support Centres in a district, provided the applying institute has sufficient infrastructure to run the Support Centre.
How will the CMA Support Centres increase your outreach?
The centres will help produce more CMAs. Later, we can set up separate branches of the ICAI in Bihar's different cities.
Any other plan for Bihar?
We are also going to set up a centre for excellence for the practising CMAs in Patna. I have asked our Patna chapter to request the state government to provide us land for the purpose.
In the past five-six years, Bihar has registered remarkable growth. Do you perceive any role of the ICAI in accelerating the growth pace?
The ICAI can play a vital role in speeding up Bihar's growth if the state government involves our cost and management accountants (CMAs) in finalizing development plans and finalizing various tariff and taxation rates. Whenever a CMA is involved in planning, he/she ensures that any work is executed at the minimum cost. It will save government money. Altogether 20 states are now taking services of CMAs in planning and project management. Bihar, too, is taking services of our members. But we want greater involvement in Bihar's planning, decision-making and accounting operations.
How can a cost accountant be useful for the state government's schemes?
A CMA can have an important role to play in government schemes. Suppose the government wants to purchase lifesaving drugs under the National Rural Health Mission. If a cost accountant is involved in the process, he/she would come out with minimum cost of different drugs.
Can you speak in brief about your Institute?
ICAI is a professional body of CMAs, constituted by an Act of the Parliament. It has over 55,000 members all over the country and around 300 new members are being added every month. The Institute has 100 domestic and five overseas branches. Bihar has only one branch in Patna.
About Us |
| Welcome to the Institute of Cost Accountants of India web site. We are a premier, dynamic, vibrant professional institution actively associating itself in the industrial and economic development of the nation. The profession places itself at the service of the nation, government, industry, and the society to realise the objectives of a welfare state resulting in the prosperity and the well being of its people - a fact increasingly realised with the opening up of the country's economy and change in the economic scenario of the world. In today's world, the profession of conventional accounting and auditing has taken a back seat and accountants increasingly contribute towards the management of scarce resources like funds, land and apply strategic decisions. This has opened up further scope and tremendous opportunities Cost and Works accountants to shoulder responsibility as Cost and Management Accountants in accordance with new dimensions and vision here in India and abroad. Members of this profession will be the driving force in the team of management while in employment and a key consultant, an effective Cost and Management Auditor and an appropriate advisor in place. This is why Cost Accountants in India are called Management Accountants all over the world. Its our other name. We invite you to browse through our web site. Complete Information on our working, history and professional accredition are all available here. |
| Vision Statement |
| "ICWAI would be the preferred source of resources and professionals for the financial leadership of enterprises globally " |
| Mission Statement |
| "ICWAI professionals would ethically drive enterprises globally by creating value to stakeholders in the socio-economic context through competencies drawn from the integration of strategy, management and accounting." |
Have you any plan to increase ICAI's outreach in Bihar?
We have decided to increase our outreach in the fast-growing Bihar. The state has registered terrific growth in infrastructure and economy in the recent years. So, we have decided to set up at least one CMA Support Centre in each of its districts. It will be basically opened at any college. There will be no cap on the number of Support Centres in a district, provided the applying institute has sufficient infrastructure to run the Support Centre.
How will the CMA Support Centres increase your outreach?
The centres will help produce more CMAs. Later, we can set up separate branches of the ICAI in Bihar's different cities.
Any other plan for Bihar?
We are also going to set up a centre for excellence for the practising CMAs in Patna. I have asked our Patna chapter to request the state government to provide us land for the purpose.
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