“ Turn Challenges into Opportunities” All professionals have challenges regardless of how successful they are. Equal measures of challenges and opportunities abound in the professional life of chartered accountants whether they are in the industry or in practice. The advent of plethora of new regulations or legislations whether convergence of IFRS, change over to Goods & Service Tax, complete overhauling of Companies Act, or a new direct tax legislation in the form of Direct Tax Code, or even continual changes in technology throw challenges. But inherent in nearly all challenges are opportunities for renewal and transformation. Instead of expending energy worrying and complaining about it, by deliberately shifting our focus to unearth and explore the opportunities inherent in these challenges can help us to move from a state of insecurity, powerlessness or fear into a state of empowerment, inspiration and action. Wherever we are in this quagmire of challenges, we being with strong foundation of education, training are in a strong position to take on the challenges upfront and turn these into opportunities that will benefit in our respective fields and economy, society as a whole.
1.E-payment facility for fees for Seminars/Workshops for members.
2.E-payment facility for students fees for programs conducted by Branch.
3.E-Newsletter to members.
4.Setting up of Digital library.
5.Soft skill development programs for members.
6.Brand building initiative.
7.Intensive study circle on emerging subjects.
8.Recognising achievements of Chartered Accountants.
9.Streamlining Student activities and coaching.
10.Improvement in Branch administration.
I would like to mention proudly that Bangalore branch has bagged Best Branch Award for the year 2009 at SIRC level, that also continuously for consecutive fourth year in the recent past. I congratulate all the leaders and team members responsible for getting these awards in general and CA. Cotha S Srinivas in particular who was immediate Past Chairman.
We have seen change in guard at the helm with CA. Amarjit Chopra becoming President; and CA. G. Ramaswamy taking charge as Vice President; and also CA. Babu Abraham Kallivayalil taking over as Chairman of SIRC and we in the managing committee congratulate & compliment them for taking over the leadership of our Institute. I am happy to inform you that both President and Vice President have consented to grace the occasion during inaugural of “Seminar on Bank audit” on 20th March, 2010 and I request all the members to make use of this opportunity to interact with them. Bangalore Branch is also proud to have Central Council members of our branch CA. K Raghu being nominated as Vice-Chairman of Ethical Standards Committee and CA. Madhukar N Hiregange being nominated as Vice-Chairman of Indirect Tax Committee for the year 2010-11.
The Finance Minister presented the Union Budget 2010-11 with emphasis towards inclusive growth based on social sector spending and rural & agricultural development, supported by development of infrastructural facilities to catalyse and sustain growth. While Finance Minister has done balancing act with Union Budget, some surprises may be unraveled while analyzing the fine prints.
The public meeting of analysis of Union Budget-2010-11, a programme witnessed record participation exceeding 1500 audience out of which more than 900 were members of our Institute. This public program, which was organized first time along with FKCCI and Bangalore University, was not only educative in nature, but also brand building exercise for our Institute as this program was extensively covered both by television and print media. We in the managing committee, overwhelmed by the unprecedented response in jam-packed auditorium, also profusely apologise the inconvenience caused to members because of large participation. I also thank all who are responsible for making this program a grand success, which is first major program after new committee took over recently.
During the month of March, 2010 we are organizing program on “Analysis of Karnataka State Budget” “Seminar on Bank audit”, “Clause by clause discussion on Finance Bill-2010, “Investor Awareness Program” apart from regular study circle meetings on every Wednesdays .
I request the members to participate and take advantages of the programmes. To accomplish the initiatives set for the Branch for the year 2010-11, I once again solicit your whole-hearted support and encouragement.
I look forward to the exciting journey ahead and hope to justify the trust and faith reposed in me.