CAs play vital role in Indian Economy: Governor

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

Speaking after inaugurating a one-day seminar on 'investors awareness programme' organised by Institute of Chartered Accountants of India (ICAI) here he commended the members of the institute was 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 country with a promise to overtake the established economies soon." Commending the Union Ministry of Corporate Affairs, which had undertaken in creating awareness on capital market, Mr Thakur, a former President of ICAI, said that with the emerging economy there is a need to educate potential investors to get equipped with information awareness concerning 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