FinMin urged to rename ICAI

President of Institute of Cost Accountants of India (ICAI), Biswarup Basu said here on Sunday that Union Finance Minister Nirmala Sitaraman has been requested to rename the institute as the Institute of Cost and Management Accountants as its professionals all over the world had come to be known as cost and management accountants. The cost accountants had proved that they had expertise in cost and management accountancy, Goods and Services Tax and taxation matters. Many of the institute members also held senior positions in the industry. For instance, the managing director of Shipping Corporation of India was a cost accountant, Mr. Basu said inaugurating the renovated buildings of the institute at Himayatnagar and Sanatnagar.