The Management Accountant - October 2024
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October 2024 - The Management Accountant
5
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PRESIDENT
CMA Bibhuti Bhushan Nayak
president@icmai.in
VICE PRESIDENT
CMA T C A Srinivasa Prasad
vicepresident@icmai.in
COUNCIL MEMBERS
CMA (Dr.) Ashish Prakash Thatte, CMA Ashwin G. Dalwadi, CMA Avijit Goswami,
CMA Chittaranjan Chattopadhyay, CMA Harshad Shamkant Deshpande,
CMA (Dr.) K Ch A V S N Murthy, CMA Manoj Kumar Anand, CMA Navneet Kumar Jain,
CMA Neeraj Dhananjay Joshi, CMA Rajendra Singh Bhati, CMA Suresh Rachappa Gunjalli,
CMA (Dr.) V. Murali, CMA Vinayaranjan P, Ms. Anita Shah Akella, Shri Jyoti Prakash Gadia,
Shri Inder Deep Singh Dhariwal, CS (Dr.) Shyam Agarwal, Shri Sushil Kumar, IAS (Retired)
Secretary
CMA Kaushik Banerjee
secy@icmai.in
Additional Secretary (Delhi Office) & Head Studies
CMA (Dr.) Debaprosanna Nandy
addlsecy.delhi@icmai.in, studies.director@icmai.in
Director (Examination)
Dr. Sushil Kumar Pareek
exam.director@icmai.in
Director (Infrastructure)
CMA Rajat Kumar Basu
Infrastructure.director@icmai.in
Director (PD & CPD)
CMA Nisha Dewan
pd.hod@icmai.in
Director (Technical)
CMA Tarun Kumar
technical.director@icmai.in
Director (Tax Research)
CMA Kushal Sengupta
trd.director@icmai.in
Director (Membership)
CMA Arunava Ganguly
membership.director@icmai.in
Director (Admin-Delhi)
CMA Simarjeet Chadha
admin.director@icmai.in
Additional Director (Journal & Publications)
CMA Sucharita Chakraborty
journal.hod@icmai.in
Additional Director (BFSI)
CMA Dibbendu Roy
bfsi.hod@icmai.in
Additional Director (Information Technology)
Mr. Ashish Tewari
it.hod@icmai.in
Additional Director (Career Counselling and Placement)
Dr. Pradipta Ganguly
placement.hod@icmai.in
Additional Director (Internal Control)
CMA Indu Sharma
intcontrol.hod@icmai.in
Additional Director (Finance)
CMA Soma Banerjee
finance.hod@icmai.in
Additional Director (Public Relations)
CMA T R Abrol
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Joint Director (Legal)
Ms Vibhu Agarwal
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Director (Discipline)
CMA R. K. Jain
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Joint Director (CAT)
CMA Pardeep Kumar Khaneja
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Joint Director (International Affairs)
Dr. Kimi Thareja
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Joint Director (Board of Advanced Studies & Research)
CMA Tinku Ghosh Das
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DISCLAIMER -
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The Institute of Cost Accountants of India does not take responsibility for returning
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in at the owner’s risk and the publisher accepts no liability for loss or damage.
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The views expressed by the authors are personal and do not necessarily represent
the views of the Institute and therefore should not be attributed to it.
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The Institute of Cost Accountants of India is not in any way responsible for the
result of any action taken on the basis of the articles and/or advertisements
published in the Journal. The material in this publication may not be reproduced,
whether in part or in whole, without the consent of Editor, The Institute of Cost
Accountants of India. All disputes are subject to the exclusive jurisdiction of
competent courts and forums in Kolkata only.
From the Editor’s Desk
President’s Communiqué
ICMAI CMA Snapshots
Down the Memory Lane
News from the Institute
Statutory Updates
06
07
12
104
106
118
Valuation Corner
Valuation ....... 86
Business Cases
One Strategic Product - A Game Changer!
....... 88
Digital Transformation
Internet of Behaviour -
The Crucible for Ideating Digital
Transformation of Business with
New Revenue Models ....... 89
Artificial Intelligence
AI-Powered Transformative Learning:
A Learning Odyssey ....... 94
ADR
Reducing Litigation Cost in Corporates
through ADR: Issues and Suggestions ....... 97
Capital Markets in India VS Global Markets
in 2024 and Way Forward ....... 101
Capital Market
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