ICAI Establishes Research Centre in Hyderabad to Drive Innovation and Research
Dec 14, 2024
ICAI has established a research centre in Hyderabad. The Council has also approved the policy document on the Centre of Excellence (CoE) which intends to promote research, innovation, and learning in the accounting profession.
The Institute of Chartered Accountants of India (ICAI) has established a research centre at the Centre of Excellence (CoE) in Hyderabad. This facility aims to conduct research in critical areas such as taxation, regional and rural economic development, foreign direct investment (FDI), economic growth, income and savings trends, foreign policy, government policies, GST, employment, and environmental sustainability, among others.
The research centre will conduct in-depth studies on topics such as union and state budgets, chartered accountant certification practices, financial literacy and inclusion, chartered accountants' role in policymaking, and the intersection of good governance and ease of doing business. The ICAI, in a statement said that insights from these research initiatives will be shared with the government.
The ICAI has appointed Dr. Nupur Pavan Bang as CoE Director-cum-Dean of its Centre of Excellence in Hyderabad to promote its research initiatives. Dr. Bang, an academic professor and researcher, has extensive experience in family business, finance, and data analytics. She has also been recognized among the Top 100 Women in Finance in India (2020) and holds a Post-Doctorate from ISB and a PhD in finance. With this illustrious background, she is entrusted with driving innovative research and positioning ICAI as a leading global think tank.
At present ICAI has 2 Centre of Excellence (CoE’s) at Hyderabad and Jaipur with plans to inaugurate the third Centre of Excellence in Kolkata in January 2025. Further, ICAI plans to open 8 more CoEs across the country in the next 3 years, fostering research, innovation, and skill-building.
The Council has also approved the policy document on the Centre of Excellence (CoE), which intends to promote research, innovation, and learning in the accounting profession while positioning the ICAI as a worldwide thought leader. This policy document outlines the vision, mission, goals, objectives, governing structure, action plan, and monitoring benchmark for ICAI - Centre of Excellence. It also includes efforts to facilitate research, teaching and learning, training, stakeholder dialogue, and other strategic planning to cultivate talent, conduct advanced research, and disseminate knowledge.
[Times Now]
