“An investment in knowledge pays the best interest.” – Benjamin Franklin
Dear Professional Colleagues,
I begin my message, as is customary, with encouraging news about our country. In 2022, India's service exports will reach an all-time high of $273.6 billion. The outlook is also promising. On an annual basis, retail inflation in India fell to 5.72 percent in December, down from 5.88 percent in November 2022. For the second month in a row, the figure has remained within the RBI's tolerance band of 2-6 percent. SS Rajamouli's 'RRR' makes India proud as it wins the most prestigious international awards. The foot-tapping song 'Naatu Naatu' won the Golden Globe Award for 2023. The film also won Best Foreign Language Film and Best Song for "Naatu Naatu" at the Critics' Choice Awards. The 95th Academy Awards nominations were announced, and India received three nominations. We hope that in the near future, our India will demonstrate its power in all fields.
The sudden demise of CMA P.A.P. Murthy- Past Chairman of Hyderabad Chapter and SIRC of The Institute of Cost Accountants of India is shocking. His passing away is a big loss to the CMAs’ fraternity.
We have organised a professional development programme on “RECENT CHANGES IN GST” during January month. We have invited CMA Chittaranjan Chattopadhyay- Central Council Member, CMA K.CH.A.V.S.N. Murthy – CCM, CMA Vijay Kiran Agastya - Secretary, SIRC of ICAI, CMA D.V Rambabu - Practising Cost Accountant, CMA B. Mallikharjuna Gupta - SME, Speaker & Author on Indian GST, Founder. India-gst.in, CA CS Mula Phani Kiran - Practising Chartered Accountant
We have unfurled our national flag with utmost respect on January 26th, the anniversary of the adoption of the Indian Constitution.
I urge all final-passed students who have at least three years of relevant job experience but have not yet applied for associate membership to do so right now and take advantage of all the perks of membership. Both online and offline methods are available for submitting membership applications. The membership application link is https://eicmai.in/external/ChooseApplicationType.aspx for quick reference and use.
I'd like to politely remind the esteemed members of the practice that their present Certificate of Practice (CoP) is valid upto the end of March 2023, the current fiscal year. CoP holders may renew their CoP well in advance to prevent the last-minute rush.
We have started group two classes on 23rd January, 2023 at CMA Bhavan, Himayatnagar. We are planning to organise Foundation, Inter first year and final classes in the second week of the February.
Our Institute has extended the last date for admissions upto February 7th 2023 for June examinations.
It is our responsibility to remember freedom fighters' sacrifices, actions, and thoughts. This month features two well-known birth days of our stalwarts. Smt. Sarojini Naidu was the first one (born on 13th Feb, 1879). She was one of the most prominent figures involved in the civil disobedience and quit India movements. She was subjected to repeated arresting by the British rulers.
The second great personality Bharat Ratna Awardee shri Murarji Desai (born on 29th February 1896) was a politician who served as the 4th Prime Minister of India between 1977 to 1979 and known for his administrative abilities and toughness. He is well-known around the world for his peace activism and for initiating peace talks with China and Pakistan. He was a Gandhian, a social worker, a builder of institutions, and a great reformer.
On the auspicious occasion of ‘MAHASHIVARATRI’, many many greetings to all of you.
CMA Hima Vidya Sanagavarapu