**Executive Summary**
On July 1, 2026, Vice-President Shri C. P. Radhakrishnan addressed the 78th Chartered Accountants Day and Foundation Day of the ICAI at Vigyan Bhawan, New Delhi. He emphasized the role of Chartered Accountants (CAs) as "Ambassadors of Trust" essential to the "Viksit Bharat @2047" vision and urged the profession to maintain ethical standards and rigorous examination processes. Key actions included the launch of new digital portals and a call for CAs to support local enterprises via the One District One Product (ODOP) initiative.
**Key Points / Main Content**
**Role in National Development**
* CAs are positioned as central to India's economic and institutional development, ensuring transparency, accountability, and ethical governance.
* The profession has been instrumental in implementing landmark reforms, including GST, the Insolvency and Bankruptcy Code (IBC), Direct Benefit Transfer (DBT) initiatives, and taxation system reforms.
* The Vice-President highlighted India’s progress as the world’s fourth-largest economy, aiming to become the third-largest.
**Ethics and Professional Integrity**
* Economic growth must be paired with ethics to truly benefit society; wealth should be acquired through righteous means.
* CAs are responsible for ensuring fair competition, protecting honest enterprises, and acting firmly against unethical practices.
* Every audit, balance sheet certification, and advisory role carries far-reaching consequences for businesses, governments, and society.
**Institutional Standards and Innovation**
* ICAI is urged to never dilute its rigorous examination standards, as these standards safeguard the integrity of the financial system.
* The Vice-President launched the Peer Review Board (PRB) Web Portal to enhance professional oversight.
* The ICAI Jan Utsav Portal was launched in collaboration with MyGov to promote public participation in the 78th-anniversary celebrations.
**Support for Local Economies**
* Chartered Accountants are encouraged to support local enterprises through the One District One Product (ODOP) initiative.
* ICAI’s district-level associations are tasked with developing practical knowledge of ODOP products to help producers reduce costs and improve competitiveness without compromising quality.
**Impact Analysis**
**Stakeholder: Institute of Chartered Accountants of India (ICAI)**
**Impact**
The institute is recognized as the custodian of the profession's standards and a key partner in national economic reforms. It is tasked with managing new digital infrastructure (PRB and Jan Utsav portals).
**Action Required**
ICAI must maintain rigorous examination standards and direct its district-level associations to gain expertise in ODOP products.
**Stakeholder: Chartered Accountants (Professionals)**
**Impact**
CAs are identified as "Ambassadors of Trust" with a heightened responsibility to balance the "ease of doing business" with the framework of the law.
**Action Required**
Professionals must uphold the highest standards of integrity in audits and certifications and actively guide local producers in cost reduction and quality enhancement.
**Stakeholder: CA Students**
**Impact**
Students are identified as future safeguards of the economic system, whose professional conduct will have significant social and governmental consequences.
**Action Required**
Students must prepare for rigorous examination standards and commit to maintaining integrity throughout their future professional lives.
**Stakeholder: Local Enterprises / ODOP Producers**
**Impact**
These enterprises stand to benefit from professional financial expertise to enhance their market competitiveness.
**Action Required**
Producers are encouraged to leverage the expertise of CAs to reduce costs and strengthen local economies.
Key Entities Referenced
Institute of Chartered Accountants of India (ICAI): The national professional accounting body that regulates the Chartered Accountancy profession and maintains examination standards.
Viksit Bharat @2047: The Government of India's vision to transform the country into a developed nation by 2047, providing the strategic context for professional ethics.
One District One Product (ODOP) initiative: A government scheme focused on promoting local enterprises which the Vice-President urged Chartered Accountants to support.
Goods and Services Tax (GST): A major national tax reform highlighted as a key area where Chartered Accountants contribute to transparency and compliance.
Insolvency and Bankruptcy Code (IBC): A landmark economic reform mentioned as a significant field for professional expertise and institutional development.
Vice President's Secretariat
Vice-President Addresses 78th Chartered
Accountants Day Celebrations of ICAI
Vice-President calls Chartered Accountants the
“Ambassadors of Trust”, urges profession to uphold ethics as
India advances towards Viksit Bharat
“Economic growth without ethics can never truly serve
society”: Vice-President
“Never dilute your examination standards; you are
safeguarding the system” : Vice- President
Vice-President Urges Chartered Accountants to Support
Local Enterprises Under ODOP Initiative
प्रव तथ: 01 JUL 2026 7:54PM by PIB Delhi
The Vice-President of India, Shri C. P. Radhakrishnan, today said that Chartered Accountants are the
“Ambassadors of Trust” and occupy a place of special importance in India’s journey towards becoming a
developed nation. Addressing the 78th Chartered Accountants Day and Foundation Day celebrations of the
Institute of Chartered Accountants of India (ICAI) at Vigyan Bhawan, New Delhi, he said that the
profession stands at the centre of India’s economic and institutional development by ensuring
transparency, accountability and ethical governance.
Vice President Shri C. P. Radhakrishnan graced the 78th Chartered Accountants
Day and Foundation Day celebrations of the Institute of Chartered Accountants of
India (ICAI) at Vigyan Bhawan, New Delhi today.
The Vice-President appreciated the contribution of the Chartered… pic.twitter.co
m/Wpd7kRICL1
— Vice-President of India (@VPIndia) July 1, 2026
The Vice-President appreciated the contribution of the Chartered Accountancy profession to India’s
economic growth and lauded ICAI for maintaining rigorous examination standards. Urging the Institute
never to dilute these standards, he observed that it is “safeguarding the system.”Referring to India’s rapid economic progress over the last decade, Shri C. P. Radhakrishnan noted that the
country has emerged as the world’s fourth-largest economy within a short span and is poised to become
the third-largest. He said that while economic milestones are significant, the vision of Viksit Bharat
@2047, envisaged by Prime Minister Shri Narendra Modi, is founded on transparent governance, trusted
institutions, inclusive opportunities and prosperity for every citizen. He stressed that economic growth
without ethics can never truly benefit society.
Quoting the celebrated Tamil saint-poet Thiruvalluvar, the Vice-President said that wealth acquired
through righteous means alone brings lasting happiness. He urged Chartered Accountants to ensure fair
competition by protecting honest enterprises and acting firmly against unethical practices. While ease of
doing business is essential, he said, it must always operate within the framework of law, and Chartered
Accountants have a vital responsibility in ensuring this balance.
Acknowledging the profession’s contribution to landmark national reforms, Shri C. P. Radhakrishnan said
that Chartered Accountants have played an important role in the implementation of GST, the Insolvency
and Bankruptcy Code, Direct Benefit Transfer initiatives and reforms in the taxation system. Their
expertise, he said, has strengthened transparency, improved compliance and enhanced investor confidence.
Addressing professionals and students, Shri C. P. Radhakrishnan reminded them that every audit they
conduct, every balance sheet they certify and every institution they advise carries far-reaching
consequences for businesses, governments and society. He urged them to uphold the highest standards of
integrity throughout their professional lives.
Suggesting a greater role for Chartered Accountants in supporting local enterprises, the Vice-President
encouraged ICAI’s district-level associations to develop practical knowledge of products identified under
the One District One Product (ODOP) initiative. He said such expertise would enable them to guide
producers in reducing costs without compromising quality, thereby enhancing competitiveness and
strengthening local economies.
On the occasion, the Vice-President launched the Peer Review Board (PRB) Web Portal of the Institute of
Chartered Accountants of India (ICAI). He also launched the ICAI Jan Utsav Portal, developed in
collaboration with MyGov, Government of India, to commemorate the 78th Chartered Accountants Day
and promote greater public participation in the celebrations.
The event was attended by the President of ICAI, Shri Prasanna Kumar D.; Vice-President of ICAI, Shri
Mangesh P. Kinare; members of the Central Council, past Presidents of the Institute, distinguished guests,
Chartered Accountants, and students from across the country.
***
PR/ASM/VMJ
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