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58th National Cost Convention 2018
March 16-17, 2018, Vigyan Bhawan, New Delhi

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Message from President

Dear Professional Colleagues,

It had been indeed a welcome move, rather a long awaited one when our Hon'ble Prime Minister of India Shri Narendra Modi explained his idea of "New India" and urged people earnestly to take vow for meeting the target by 2022, the need being to reinvent India as an Innovation Nation.Shri Modi emphasized that India becoming a world power will be unstoppable if the mission is successful. The idea is to create the opportunities for poor so as to enable them to chart their own course and help them rise above poverty. India, he said, should be looked upon as a hub for the opportunities for poor and that the dependence on charity to be done away with completely

The vision was articulated last year in 2017 on the occasion of 70th Independence Day in the Prime Minister's speech from the Red Fort. Also, the Hon’ble President of India Shri Ram Nath Kovind made a mention of it in his address to public on the eve of Independence Day. Now that we are in the year 2018, the country is already witnessing positive indications in this direction. A few of these being the improvement in World Bank ranking by 30 places from 130 in 2017 to 100 in 2018, India emerging as the fastest growing major economy according to CSO/ IMF, implementation of Goods and Services Tax (GST), introduction of the Insolvency and Bankruptcy Code–2016, Valuation Norms prescribed by the Companies Act-2013 and rising awareness about Forensic Audit for risk management.

The above developments act as an impetus for us all who have faith in ourselves and believe firmly in meeting the ends with constant perseverance leaving no stone unturned till the objective is fulfilled.

Another aim that the Government is envisaging is on materialising the concept of "One Nation – One Election". As such the nation is moving towards the federal structure with the implementation of GST that has made "One Nation – One Market" a reality.

It is not only from the standpoint of the commercial parlance that India is progressing fast, but technologically speaking, the country commands a good standing world-wide. In the Year 2017, ISRO achieved another milestone by launching 104 satellites from a single rocket.

We, at the institute and the CMA fraternity are committed to support the Government and its initiatives and I am very glad that the theme of the National Cost Convention is well aligned for that matter. I am sure that the deliberations during this two-day convention will be catering to the needs of all the participants and that there will be takeaway for one and all from the convention.