Introduction
The Institute of Chartered Accountants of India (ICAI) has launched a state-of-the-art research hub at its Centre of Excellence (CoE) in Hyderabad. This new initiative aims to drive in-depth studies on taxation, governance, and economic trends, fostering innovation and policy insights.
Key Focus Areas
- Taxation: The research centre will conduct comprehensive studies on taxation policies, including Union and State Budgets, GST, and income and savings patterns.
- Governance: The centre will explore the relationship between good governance and ease of doing business, aiming to provide insights that can aid in policy development.
- Economic Trends: Research will focus on regional and rural development, foreign direct investment (FDI), economic growth, and employment trends.
- Financial Literacy and Inclusion: The centre will also address financial literacy and inclusion, aiming to enhance the financial knowledge and skills of individuals and communities.
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Role of Chartered Accountants: The research will highlight the role of chartered accountants in policymaking and certification standards.
Leadership
Dr. Nupur Pavan Bang has been appointed as the Director-cum-Dean of the CoE at Hyderabad. With her extensive expertise in family business, finance, and data analytics, Dr. Bang is well-equipped to lead this initiative. She has previously served as the Academic Director at ISB’s Thomas Schmidheiny Centre for Family Enterprise and has taught at prestigious institutions such as Ashoka University and IIM Ranchi.
Expansion Plans
Currently, ICAI operates Centres of Excellence in Hyderabad and Jaipur, with plans to inaugurate a third CoE in Kolkata by January 2025. Over the next three years, ICAI aims to establish eight additional CoEs across India, reinforcing its commitment to fostering research, innovation, and skill development.
Conclusion
The launch of the research centre in Hyderabad marks a significant step towards advancing research and innovation in key areas such as taxation, governance, and economic trends. By providing valuable insights and policy recommendations, the centre aims to contribute to national progress and development.
