CAs play vital role in Indian economy: Governor

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Bangalore, Sep 25 (UNI) Chartered Accountants play a vital role in the Indian economy in the context of reform process, ushered in during the last decade, Karnataka Governor Rameshwar Thakur said today.

Inaugurating a seminar on 'Investors Awareness Programme', organised by the Institute of Chartered Accountants of India (ICAI) here, he said the members of the Institute were actively backing the reform process initiated by the Government.

''CAs in India have carved a special place for themselves in the process of nation building,'' Mr Thakur said.

Stressing that the country was no longer a third world country, he said ''India is now projected as one of the fastest growing countries with a promise to overtake established economies soon.'' Commending the Union Ministry of Corporate Affairs, which had undertaken to create awareness on the capital market, Mr Thakur, a former President of ICAI, said that with the emerging economy, there was a need to educate potential investors with information concerning the capital market.

''The role of CAs assumes importance in this context. You have to keep a strict vigil on the market and caution the small investors against spurious companies,'' he said.

UNI

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