Vice President Naidu Focuses on Improving Financial Literacy in India

Kerala: Vice President Mr. Venkaiah Naidu on Monday stressed the importance of improving the financial literacy of the general public and urged professionals such as chartered accountants to help in this regard by explaining financial rules and regulations in plain language and easy for the public good.

The Vice President, speaking at the foundation stone laying ceremony for the Institute of Chartered Accountants of India (ICAI) Bhawan in Ernakulam, Kerala, said that dealing with topics such as accounting and finance in everyday life requires dealing with many complex laws. and regulations.

“There is a need to promote financial literacy among the masses and I urge professionals like Chartered Accountants (CAs) to take action in this area by explaining financial rules and regulations in plain and simple language for the greater good of the public. . In this regard, he commended the government’s efforts to improve the business environment through reforms such as the GST, and he urged CA professionals to play a proactive role in this regulatory transition, from planning to the implementation in the field.

“Chartered accountants have a heavy obligation to guide the business community to comply with standards and regulations,” noted the vice president. He advised students to work hard, be disciplined, and follow the rules, noting that a few bad apples could bring a bad name to the entire business community. “If you have talent and ability, and add character to it, you can excel in any industry,” said Vice President Naidu, citing the example of nurses in Kerala who have acquired good skills. reputation around the world for their hard work.

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