The Institute of Chartered Accountants (ICAI), New Delhi has decided to create "Cloud Campus" and high technology laboratories for training the students of Chartered Accountants Examination, said ICAI President, K. Raghu.
The cloud campus will bring together CA students, besides hosting study material, e-books and providing real-time online mentoring to students.
Around 50 high technology laboratories will be implemented now, later the number will be increased. These labs will conduct high-end training to enable CA students to do audits of banks, companies with core banking solutions and companies with enterprise resource planning on clouds.
The institute has 147 existing labs to train students in simpler works such as e-filling of TDS.
This year, the institute has established a Women's Empowerment Committee to help women CAs become independent directors on the boards of companies.
ICAI is also launching a national helpline with a benevolent fund to assist spouses of deceased CAs, to which Mohandas Pai, Chairman, Manipal Global Education (MaGE) and member, ICAI, has contributed Rs. 1 crore. ICAI has provided scholarships to "thousands" of students on a merit-and-means basis.
He also said that there were plans to launch a digital library to enable members to access journals in soft format. Last year, 30 reading halls were built for the library and the ICAI aims at creating 100 more reading halls in the year 2014.
Mr. Raghu said that ‘ICAI Now', an application launched last Wednesday to inform students of ICAI events and latest updates on tax laws, has had 30,000 downloads (the target is 2 lakh). Anyone can download "ICAI knowledge gateway", providing regulatory notifications.
India has 1,20,000 practising CAs besides 8,000 Indian CAs in the Gulf, 2,000 in Singapore and 2,000 in Australia. India has 10 lakh CA students and ICAI provided campus placements at 15 locations in 100 companies this year. CAs earn Rs. 5 lakh to Rs. 6 lakh per year in the beginning.
ICAI has 143 branches all over India.