Indian President Droupadi Murmu spoke to the gathering for celebrating the 75th chartered accountants day. In her speech, she mentioned technology and the visibility of women’s empowerment. She said that the loopholes in the financial regulations will soon be a matter of the past. Technology is bringing change in all fields and also in the auditing field. She says that the growing percentage of qualified chartered accountants says women are equal to men. The current percentage of women who passed chartered accountants is 42 per cent. In 2047 she predicts that it will rise to 50 per cent. It is a proud moment to think about the participation of chartered accountants in the economy. These words come from the event organised to release the new CA scheme. A blog is here to interpret the words of the Indian president to the students.
The honourable president instructed ICAI to adopt technological innovations. She says further that technology is not to keep pace with time but to implement the best practices. Understanding recent demands ensures faith and ethical practices. Good governance reflects the health of the economy. Technology automates tasks, minimises time and gives assurance of security. As finance is the confidential part of the business, security and accuracy matter a lot in the chartered accountancy profession. Having the data at your fingertips, help the professionals to understand the operations better. The background knowledge and analysis bridge a strong relationship with the customers. Chartered accountants are at risk of professional issues. Chartered accountants are fined and punished for the wrong work and relationships. Technology helps professionals with accurate work and healthy client relationships.
The percentage of recent women chartered accountants is 40, and the honourable president believes that the numbers surpass 50 percent in 2047. The year 2047 marks the hundred years of Independence. She address the chartered accountants with the phrase “pillar of economic governance”. The four lakh members and eight lakh students form the pillar that lifts Indian governance. Institute says that the registration of UDIN crosses five crores. These certificates are issued by practising chartered accountants. The number says the quantum of the service of practising chartered accountants. She says with admiration that women hold finance manager positions. ICAI started a campaign for women from rural areas. Women from rural areas have less awareness of the high interest and fraud activities. The campaign educates women from the illiterate category about financial products and benefits. She mentioned that the CA day is a special day not only for the chartered accountants but also for the accountants. She insisted the professionals create awareness for the taxpayers. The tax base of the country is increasing because of the auditors. ICAI is a partner in building a powerful nation. Minister of corporate affairs, ICAI president and vice president also spoke at the event.
Role of women in the finance profession:
Eighty per cent of teachers are female, 90 per cent of nurses are female, 47 per cent of doctors are women ten per cent of pilots are female, 90 per cent of language teachers are female, and one per cent of drivers are female. The participation of women in society is inevitable for stable growth. Women naturally have artistic and financial skills. This comes from lifestyle. Cooking, drawing, doing crafts and managing finance are the roles of responsible women. This responsibility is not for innovation but for survival.
The history of women in the education sector is an astonishing one. R.Sivabhogam is the first chartered accountant in India. She participated in the non-cooperation movement during British rule. As she had undergone imprisonment she was not allowed to practice. She fought for her rights and filed a petition in the court. She won the appeal and practised as an independent chartered accountant.
ICAI constituted a memorial in her name in 2006. The R Sibabhogam memorial scholarship endowment is for paying tribute to her service. Rajani Gopalakrishna is a visually challenged person. She lost her vision due to a wrong intake of medicine. She was then diagnosed with Steven syndrome. She read graduation with one eye. During the chartered accountancy course, she lost her vision and struggled a lot. She used JAWS a software that converts text to audio format. She was recognised with the Cavinkare ability mastery award in 2005. Vishaka Hari is a spiritual speaker. Her videos are popular on social media for inner calling. She is a chartered accountant. She received Yuva Kala Bharati Kalachar, the Ustad Bismillah Khan Yuva Puraskar award. Divya Suryadevara is the CEO of General Motors. She is born in Chennai. She is the first female CEO of the American giant company General Motors. CA Pooja Bansal is the first woman appointed as Vice-chairperson in NIRC.
Women’s Empowerment and Digitalization:
Technology reduces the gender gap. Technology improves knowledge sharing and creates a friendly environment. The introduction of AI is going to help professionals to learn and grow in their field. Technology is helping women to find jobs, start their businesses, and learn through online courses. Digitalization is creating new avenues for women to outshine.
On a positive note, the saying from the honourable president interprets it as breaking the past and creating a new record. Women in rural areas have skills and suffer because of channels to learn the subject. The lack of colleges and professional institutes bothers the women living in rural areas. ICAI provides scholarships to students with less than three 3, 00,000 of annual income. Educating women in the financial sector uplifts the Industries in India.