Indian Cost Accounts Service (ICoAS) Foundation Day Celebration
The Indian Cost Accounts Service (ICoAS) celebrated its Foundation Day in New Delhi with the theme ‘ICoAS @ Viksit Bharat’. The event highlighted the crucial role of ICoAS officers in shaping the economic future of India by 2047. Dr. T. V. Somanathan, Finance Secretary & Secretary (Expenditure), was the Chief Guest and emphasized the importance of ICoAS officers in realizing the vision of a developed India.
Keynote Address: Dr. T. V. Somanathan praised ICoAS officers for their dedication and impact. He released an e-Book titled Indian Cost Accounts Service: An Overview, detailing ICoAS achievements.
Documentary and Presentation: A documentary showcased the journey and contributions of ICoAS. A presentation emphasized the need to expand cost audit to government-subsidized entities.
First Session: Dr. Vivek Joshi, Secretary, Department of Financial Services, discussed cost control techniques in banking and launched the first edition of ICoAS: Insights Magazine. Dr. S.K. Sarin, Director of ILBS, spoke about liver health.
Second Session: Shri Rameesh Kailasam (CEO, IndiaTech.org) presented on digital currency. Dr. Mayank Sharma, IDAS, discussed strengthening the professional skills of cost accountants. Shri B.B. Goyal, Former Head of Service, gave a concluding talk.
Resource Optimization: ICoAS officers aid in the optimal use of resources through effective allocation, monitoring, cost control, and efficiency techniques.
Revenue Assessment: They assist in transparent revenue assessments and combat evasions and commercial frauds.
Pricing and Trade Practices: ICoAS contributes to fixing reasonable prices, protecting against unfair trade practices, and enforcing anti-dumping and anti-predatory pricing measures.
Advisory Role: They provide advice on cost and related financial management issues to various government entities.
Abhishek Sharma broke his own national record for the most centuries in the T20 cricket…
India delivered a spectacular batting performance against New Zealand in the third T20 International match…
The Ellora Caves are one of the greatest examples of rock-cut architecture found in India.…
According to the International Union for Conservation of Nature (IUCN), almost all assessed shallow-water coral…
The National Capital Region Transport Corporation (NCRTC) has been conferred with the award for Metro…
The Council of Ministers of Jammu & Kashmir was recently enlarged with four legislators taking…