ICAI Hosts Academia Meet to Accelerate Discovery through Collaborative Research Initiatives

New Delhi, 17 May 2024 – The Institute of Chartered Accountants of India (ICAI), through its Research Committee, organized an Academia Meet on May 17, 2024, bringing together universities and institutions to foster a collaborative platform for interaction and knowledge exchange among esteemed academicians, aimed at advancing research initiatives.

The event featured distinguished attendees, including CA. Ranjeet Kumar Agarwal, President of ICAI; CA. Charanjot Singh Nanda, Vice President of ICAI; CA. Hans Raj Chugh, Chairman of the Research Committee, ICAI; and other Central Council Members of ICAI.

Academicians and researchers from over 35 universities and institutions participated, sharing ideas and discussing strategies to enhance the research landscape.

CA. Ranjeet Kumar Agarwal, President of ICAI, remarked, “In the coming years, India will be recognized as a leader in accounting and auditing services. Now is the time to lead in research that will significantly contribute to the nation’s progress. ICAI is dedicated to strengthening research across a broad spectrum, including accounting, assurance, taxation, finance, technology, and business advisory services. These efforts aim to not only fortify our economic landscape but also position India at the forefront of global innovation and progress.”

CA. Charanjot Singh Nanda, Vice President of ICAI, emphasized, “Research is the cornerstone of growth. It is crucial to undertake research in areas such as GST, derivatives, swaps, and cascading tax effects. Our research will not only assess the current state but also identify potential avenues for future growth.”

This year, ICAI is focusing on several key research areas. The top three priorities include:

1. Conducting a study to explore the correlation between increased GDP and improved tax payments, aiming to provide insights into economic impacts and enhance tax compliance.
2. Undertaking a study to compile a “List of Redundant Laws” to support the government in creating a contemporary legal framework that promotes value creation across the economy.
3. Evaluating the revolutionary impact of the UDIN (Unique Document Identification Number) system, which will play a crucial role in assessing the growth of districts and the broader economy.

For more information, visit www.icai.org.