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The morning of Day 2 of the World Forum of Accountants (WOFA) started with an insightful session on discussing the roadmap for Insurance Sector by 2047, towards India's Inclusive and Sustainable Growth addressed by Mr. Debashis Panda, Chairman, Insurance Regulatory and Development Authority of India.
Next came the much-anticipated Live Budget Viewing Session, where the nation's top financial advisors, CAs, CFOs, Industry leaders dissected every number, analyzed key takeaways and provided complex figures into simple real-time insights.
The event then proceeded with technical session on Pioneering Perspectives: Where Innovation Meets Insights, addressed by Mr. Bharat Goenka, Vice-Chairperson, Tally Solutions along with a session on From Audit to Aspiration: A CA's Journey to Leadership by CA. Sivakumar Sundaram, CEO, Bennett Coleman and Co. Ltd.
Post lunch, the session started with a special address of Mr. S Krishnan, Secretary, Ministry of Electronics & Information Technology, highlighting India’s Path to Digital Transformation: Vision 2047. It was followed by a session on Technology as an economic driver- Strategies for Developing countries by CA. Mahaveer Singhvi, IFS, Joint Secretary (NEST), Ministry of External Affairs. It was continued by a Special Address delivered by CA. Mohandas Pai, Chairman, Aarin Capital Partners on Ethics in AI: Navigating Bias, Transparency and Accountability.
In the evening, President, ICAI, CA. Ranjeet Kumar Agarwal and Vice-President, ICAI CA. Charanjot Singh Nanda, welcomed Shri K. Sanjay Murthy, Comptroller and Auditor General of India. During his keynote address, he said “Accounting acts as the backbone of business, providing the data necessary for informed decision-making, investment, and regulation. The future belongs to those who embrace technology with open minds. The path to Viksit Bharat asks us to look at the nation as a technology-driven and knowledge-based economy with robust public finances and a resilient financial sector. The accounting and auditing professions should become important enablers in this process.”
The event was followed by a series of Panel Discussions on ESG: Driving Global Business Landscape by Strengthening Public Finance Management and a keynote address by Shri Anand Mohan Bajaj, Deputy Comptroller & Auditor General (Commercial) on Strengthening Public Finance Management.
The last session of the day witnessed CA. Arun Singh, Member of Parliament, Rajya Sabha setting the stage for a compelling discussion. This was followed by an insightful Panel Discussion on the Union Budget 2025, where a distinguished panel of experts- CA. (Dr.) Girish Ahuja, Eminent Speaker; CA. Sumit Sanghai, National Head ICICI Bank; Mr. Vivek Chandrakant Tongaonkar, Director, ONGC Ltd. and CA. Anuj Mathur, MD & CEO, Canara HSBC Life- delved deep into budget, decoding its key implications and future impact.
The grand finale of the day featured the first ICAI Awards that brought together the different awards under one platform while recognizing the outstanding contributions of CAs and Institutions towards strengthening the financial ecosystem of the country. The awards were presented by Shri Arjun Ram Meghwal, Hon’ble MOS, Ministry of Law and Justice (IC). Celebrating professional excellence, exemplary performance and high morals, a total of 62 Awards under 5 categories were presented. The five broad categories included ICAI Awards for Excellence in Financial Reporting, ICAI Sustainability Reporting Awards, Best Presented Financial Statements for Local Bodies, Awards for Members in Industries and CA Women Excellence Awards. Details of the awardees of different categories are placed as Annexure.
About ICAI
The Institute of Chartered Accountants of India (ICAI) is a statutory body set up by an Act of Parliament under the Chartered Accountants Act, 1949 for the regulation and development of the profession of Chartered Accountancy in India. The Institute functions under the administrative supervision of the Ministry of Corporate Affairs, Government of India. With around 9.85 lakh students and over 4 lakh members, today ICAI is the largest professional accountancy body in the world. ICAI has a wide network of 5 Regional Councils and 177 Branches within India and a global presence with 52 Overseas Chapters and 29 Representative Offices spanning 81 cities across 47 Countries worldwide.
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