The Management Accountant December 2024
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6 The Management Accountant - December 2024
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EDITOR’S DESK
From the
Viksit Bharat 2047: Transform India to Developed Nation
iksit Bharat 2047
envisions India as
a fully developed
nation by its
centenary of independence. This
ambitious goal aims to transform
India’s economy, infrastructure,
governance, and social systems,
ensuring prosperity, inclusivity,
and sustainability. Key areas
of focus include advancing
education, healthcare, innovation,
and technology, while addressing
challenges like poverty, inequality,
and environmental sustainability.
By fostering economic
growth, skill development, and
empowering citizens, Viksit
Bharat 2047 seeks to elevate India
to a global leader, ensuring a high
quality of life for all and a strong
presence on the world stage.
In the vision of Viksit Bharat
2047, four key target groups play
a pivotal role in achieving the
transformation of India into a
developed nation: 'Garib' (Poor),
'Mahilayen' (Women), 'Yuva'
(Youth) and 'Annadata' (Farmer).
By focusing on these target
groups, Viksit Bharat 2047 aims to
create a prosperous, inclusive, and
sustainable future for all citizens.
This issue presents articles on
the cover story Viksit Bharat 2047:
Transform India into developed
Nation.
Here’s a glimpse of the articles
featured in this issue:
Viksit Bharat - Ensuring Farmer
Welfare focuses on tackling the
key challenges in agriculture
while unlocking its immense
potential. The initiative aims
to prioritize cost reduction and
income enhancement for farmers.
By implementing strategies that
reduce costs and boost income, the
vision of a “Viksit Bharat@2047”
can be achieved, ensuring
sustainable agricultural growth
and better livelihoods for farmers.
Transforming India into a
Developed Nation: Enhancing
Environmental Sustainability
for a Viksit Bharat explores the
environmental sustainability
practices of 120 companies
across various sectors, assessing
their initiatives in emissions
reduction, resource management,
energy efÏciency, waste reduction,
and biodiversity conservation.
Through a thorough evaluation
of these companies’ sustainability
efforts, the paper offers actionable
recommendations for embedding
sustainability at the heart of India’s
development vision.
Unique Opportunities for
Accountants En Route the Journey
towards Viksit Bharat - The advent
of cloud accounting software has
enabled accounting professionals
to manage bookkeeping remotely
for small and medium businesses
in the U.S. and Canada. This
remote service model presents a
valuable opportunity for foreign
exchange earnings, making a
significant contribution to the
realization of the Viksit Bharat
vision.
The Green Army Labour Bank
for Achieving Viksit Bharat 2047
by Empowering Women and
Revival of Paddy Cultivation in
Kerala: A Case Study - The Green
Army Labour Bank is an initiative
by the Wadakkanchery block
panchayat in Thrissur District,
Kerala, aimed at reviving paddy
cultivation in the region. This
article highlights the importance
of the Green Army as a crucial
institution in achieving India’s
ambitious goal of becoming a
developed nation by 2047.
Viksit Bharat 2047: How CMAs
can Lead India’s Transformation
into a Developed Nation - This
article summarizes key budgetary
commitments and highlights
the crucial role of Cost and
Management Accountants
(CMAs) in India’s transformative journey.
By leveraging their expertise, India Inc. can
effectively contribute to building a prosperous
and inclusive future, paving the way for a
developed nation by 2047.
The Economic Ripple Effect of Nuclear
Power: Viksit Bharat’s Industrial Renaissance
through Atomic Energy highlights how nuclear
power is transforming India’s industrial sector
and enhancing its global competitiveness, laying
the foundation for a Viksit Bharat by 2047.
Nuclear Energy for India’s Sustainable
Growth: Challenges and Opportunities
examines the current state of energy production,
consumption, and sustainability in India,
focusing on nuclear power as a potential
solution to meet the country’s increasing energy
demands amidst climate change and geopolitical
challenges.
Evaluating MSME-Specific Business
Sustainability Indicators reveals that
environmental and operational efficiency
metrics lead to substantial cost savings, while
governance and supply chain indicators improve
compliance and foster greater stakeholder trust.
The study also highlights the importance of
external professionals, whose involvement
boosts the adoption of sustainability practices
and ensures better alignment with regulatory
standards.
Bridging the Gap to a Viksit Bharat 2047:
Advancing Vocational Education, Skill
Development, and Digital Literacy explores
the role of vocational commerce education in
contributing to the vision of Viksit Bharat 2047,
focusing on workforce preparedness, inclusion,
and driving economic growth.
This issue also covers a variety of other
contemporary topics, including a book review.
We introduce a new column, Member's Corner.
Your stories and insights are invaluable, and we
encourage you to share them in this space to
inspire and connect with fellow members. We
are privileged to feature an exclusive interview
with CMA Sarvjit Singh Dogra, Director
(Finance) at TSECL.
We would like to express our heartfelt
gratitude to all those who contributed articles
for this edition. We welcome your feedback at
editor@icmai.in.
Happy reading!
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