Month: February 2025

Modern CFOs are limited to analyzing financial ratios without much improvement in their methods. I argue that ICGI (The Institute of Corporate Governance of India) needs to be established to address these issues in accounting and financial management.

The millennium merger of AOL takeover of Time Warner is a case in point, creating a $335 billion company, proving that in a world ruled by finance, intangible assets rather than real assets are the indicator of real wealth. Tea Party is over.

Intangible assets worth $4.1 trillion were not included in United States statistics, highlighting the scale of the issue. Large companies in India have substantial intangible assets (around 10,000 crores each), and the Institute of Corporate Governance (ICGI) may be better positioned than auditors to address this issue.

AI is likely to take over basic data processing and accounting tasks, allowing employees to focus more on accountability and higher-level analysis.

Historical examples from Ibn Battuta and Marco Polo are used to illustrate the importance of trust, honor, and good governance in business and society. AI is logical, HI is paradoxical. The truth is inevitably paradoxical; it contains opposite values. A dilemma exists because of the truth. That is why the truth is illogical. Truth involves completely opposite values; only then, can it be Truth. ICGI helps to resolve the paradox.

The role of a modern Chief Financial Officer (CFO) is compared to that of a “Gumazda” (accountant) from 2,000 years ago, suggesting that accounting fundamentals have not changed significantly.

My mission is to establish the Institute of Corporate Governance of India. Why do we need that? Why do we need. That is a good question.

Because why else DOGE is there in United States, USAID, any number of rules, all that, but we are not able to find out to justify the conduct of the people who have been entrusted with everything. So that’s the reason why the rules express the truth and justify the conduct. That is the ethics.

My objective is to bring the Institute of Corporate Governance of India under an Act of Parliament. There is a need for it. That is my emphasis. Analytics Textile and Apparel Target US$350 billion – 2030 Added

Every year one budget comes and goes but this year budget I think is spectacular and I appreciate Nirmala Sitharaman who has done a tremendous job. Reciprocity is expected from the companies for their own good. Buck-up Industry, tell us what Industry Associations in different forms went to FM before the Budget and what did you ask the FM? If given all the gifts you had asked for, it is time you show your commitment.