ICAI President Announces Strategic Economic Initiatives for J&K
New multi-faceted reforms, partnerships, and a research roadmap unveiled to boost Jammu & Kashmir’s economy, with a focus on MSMEs after the recent Pahalgam attack.
The President of the Institute of Chartered Accountants of India (ICAI), CA. Charanjot Singh Nanda, announced ambitious new strategies at a press conference in Pahalgam, reflecting solidarity with the region after recent turmoil. Key proposals include:
• Introducing accrual-based accounting in government departments.
• Cost-optimization and modernization of systems for fiscal efficiency.
• Curriculum development at universities to link education with industry.
• Collaboration between ICAI and the J&K government for targeted growth.
• Special research report outlining a five-pillar strategic roadmap for MSMEs, focusing on transforming small businesses into sustainable revenue generators.
• Proposed Center of Excellence in Jammu & Kashmir for professional training, research, and evidence-based policymaking.
This gathering aimed to send a message of resilience and unity, supporting economic revival in the region
