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Given
the acute shortage of accounting professionals in the country, the Institute of Chartered Accountants of India (ICAI) is planning to introduce a course for accounting technicians. "We have submitted our proposal to Ministry of Company Affairs for the introduction of this course and awaiting approval," ICAI president Sunil Talati said on the sidelines of a MoU signing function with Indira Gandhi National Open University (IGNOU) in New Delhi recently. Accounting technicians would be equipped with the basic idea about finance and accounting so that they could be of great help to corporates at the junior level, he said, adding this would help in bridging the shortage of skilled financial professionals in the country. The course would benefit those who are not fit for the CA course or are unable to complete it, he said. On the duration of the course, Talati said the course details and durations were being worked out. It would tentatively be about two years, he said, adding the minimum qualification for this would be Class X pass. Citing the example of the CA course, he said this time there had been 100 per cent campus placement for students passing the CA exam. The institute expected the same for the technicians as, according to some estimates, India and China had a shortage about 10 lakh qualified financial professionals. Meanwhile, the apex accounting body signed an MoU with IGNOU for launching specialised B. Com and M.Com courses by granting exemption to the students of the ICAI for the subjects studied in the Chartered Accountancy course. The new course beginning in June would enhance the scope of practical training and case-based learning, avoiding repetitive study in the same or similar subjects by way of better time management on the part of the students, said Talati. Highlighting the importance of the proposed course, he said this would be very attractive proposition for any student pursuing commerce education from IGNOU and simultaneously pursuing the CA course. The students would be able to attain the degree of CA and simultaneously also be able to complete their graduation and postgraduation in commerce, he said, adding about 70 per cent of the subjects would be exempted for getting a B.Com or M.Com degree. Modalities were being worked out with regard to the fee structure and the subjects that would be exempted for the CA students, he added. Currently, 77 universities and four IIMs recognise the CA course for direct admission to Ph.D or Fellow programme. Industry-specific courses launched The WLC College of India (WLCI), an institution in the field of professional education across the country, recently launched industry-specific courses to “provide professional training to the students for an array of new avenues of employment in all corners of the country.” “As there is a big demand for trained professionals in the industry, the WLCI introduced the courses aiming to address the demand,” Chairman of the group Vinay Pasricha said in a statement in Hyderabad. He announced 15 per cent free seats for underprivileged students. Apart from the ongoing programmes in business, fashion, media, advertising and graphic design, the college will now offer full-time and part-time programmes in retail, banking, hospital administration, information technology, politics, social work and hospitality, he elaborated.
— PTI
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