The Management Accountant - June 2024
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June 2024 - The Management Accountant
9
PRESIDENT’S COMMUNIQUÉ
the qualified and semi-qualified CMAs of the June 2023
and December 2023 terms. Rank Holders were felicitated
with prizes and rank certificates at this National Students’
Convocation.
The event featured Dr. Andrew Fleming, British
Deputy High Commissioner for East and North East
India, Kolkata, as the Special Guest of Honour, and Prof.
Sankarshan Basu, Professor of Finance & Accounting
at IIM Bangalore, as the Guest of Honour.
The event was well-attended by my council colleagues,
eminent personalities, including academicians, corporate
representatives, and approximately 400 students from
across the country, as well as Institute officials.
The National Students’ Convocation 2024 Souvenir
and revised editions of four Handbooks on Taxation
were released during the event. Additionally, the Institute
signed a Memorandum of Understanding (MoU) with
The Bhawanipur Education Society College (BESC),
aimed at promoting joint activities to address mutual
interests in education, training, research, studies, and
seminars.
Foundation Day Celebration
The Institute celebrated its 65th Foundation Day
on 28th May 2024 by organizing a Webinar wherein
eminent guests CMA Pawan Kumar, Chief Adviser
(Cost) and CMA Aruna Sethi, Former Chief Adviser
(Cost), Deptt. of Expenditure, Ministry of Finance, and
CMA A N Raman, Former President, SAFA joined the
Council Members, shared their views and experiences
on the professional achievements and challenges, and
way forward for Viksit Bharat-2047.
Opportunity for restoration of Membership
I am pleased to inform you that the Council of the
Institute has announced that to bring back the members
whose names were removed due to non-payment of
prescribed fees, into the fold of membership, a onetime
opportunity to be given to the members, whose names
were removed from the Register of Members for non-
payment of fees, to restore their names through a
remission/amnesty scheme from 1st June 2024 to 30th
June 2024 by paying the differential rate of fees, viz -
Membership fee for the FY year of default, Re-Entrance
Fee and Restoration fee of ₹ 50/- each respectively
and Membership fee for the FY year of Restoration.
Also during such restoration, membership number will
remain the same.
council colleague, CMA M.K. Anand, had the privilege
of attending a significant meeting at NCVET, New Delhi.
The meeting included the NCVET Chairman, UGC
Chairman, and senior officials from ICMAI, NCVET,
and UGC. During this productive session, the NCVET
and UGC Chairmen extended an invitation to us to
develop skill enhancement courses that will facilitate
credit transfers for students. This initiative aims to fulfill
the Viksit Bharat mission. I am delighted to announce
that the Institute has already initiated this process.
International Management Accounting Day
The Management Accounting Committee of the
Institute had organized a National Seminar titled
“Navigating the New Frontier: Management
Accounting in the Era of Real-Time Insights,
Sustainable Growth, and Cybersecurity” in Mumbai on
6th May, 2024 to celebrate the International Management
Accounting Day. The National Seminar was inaugurated
by Chief Guest, Hon’ble Governor of Maharashtra
Sri Ramesh Bais and Guest of Honour Prof. Manoj
Tiwari, Director IIM Mumbai. I had the pleasure of
participating in this National Seminar along with CMA
Bibhuti Bhusan Nayak, Vice President, ICMAI and
my Council colleagues. Other delegates present were
the Former Presidents of the Institute and all Regional
Council members of WIRC, and various office bearers
of Chapters.
This event aimed to explore the evolving landscape of
Management Accounting in today’s dynamic business
environment. Under the able leadership of the Chairman
of the Management Accounting Committee, CMA Neeraj
D. Joshi, themes very relevant to today’s context were
covered including leveraging real-time insights for
decision-making, driving sustainable growth strategies,
and addressing the critical role of cybersecurity in the
field of Financial Management. I am happy to share
with you that in this grand program, such pertinent
topics were delved into and deliberated on by eminent
speakers and practitioners from the Industries. I am sure
the participants who eagerly listened to the presentations
enjoyed and learned immensely from these insightful
discussions.
11th National Students’ Convocation – 2024
I attended the 11th National Students’ Convocation
– 2024 on 23rd May, 2024, held at the Science City
Auditorium in Kolkata. This solemn occasion recognized
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