Background-:

  • On 8th November 2016, the Prime Minister addressed the nation. Most Indians expected the PM to talk about the security threat to India arising out of the consistent Pakistan sponsored attacks on our border. However, nobody would have been ready for what we all were in for.
  • The demonetisation of Rs. 500 and Rs. 1,000 currency notes so suddenly and virtually overnight has been the talk of the town for the past few days.

Tremors of the speech

  • That speech has shaken the whole of the country. Fans of the PM are ecstatic and over the moon. The opposition leaders are confused and demoralised as they cannot officially pat the government on its back and they are damned if they criticize the drive against black money.
  • Whatsapp messages containing rumors, sermons, false news, criticism, kudos etc. have been going around the globe several times over. On 10th November, when banks reopened for the first time after the stupendous announcement made by the PM, it was expected that people would queue up in large numbers to withdrawn new currency / deposit their old currency.
  • By and large, this seems to have happened across the country – but does not seem to have created any major panic or law & order problem.

Our Approach

  • We consider it as our duty towards the nation building process and need to take action to strengthen the hands of the government in curbing / unearthing black money and corruption.
  • We consider it as our duty to
  •                   give honest, accurate and legitimate advice to my clients.
  •                   explain to my students what the efforts of the government are aimed at and how they are good for the                   moral and economic fabric of our great nation.

What you may expect-:

  • The Institute of Chartered Accountants of India also considers it a responsibility to help Indians in coping with this monumental change that the government has brought about and in taking the right decisions and actions.
  • Over the next few days, we will be bringing out appeals, articles and other material on this subject. It is our earnest request to all of you to share the same with your clients, friends, relatives, business contacts and with any other Indian citizen.

Our Appeal

  • We therefore fervently appeal to our members and other stake holders to join hands with us in walking that extra mile to meet the government that has already made efforts to walk half way to meet the needs and aspirations of the common man.