ICAI has launched these Centres of Excellence to lead the way in driving innovation and staying ahead of transformative changes in the field (representative image/ file)The Institute of Chartered Accountants of India (ICAI) has established a specialised research center at the Centre of Excellence (CoE) in Hyderabad. This facility is aimed at undertaking research in critical areas including taxation, regional and rural economic development, foreign direct investment (FDI), economic growth, income and savings trends, foreign policy, government policies, GST, employment, and environmental sustainability, among others.
The research centre will be conducting in-depth studies on topics such as the union and state budgets, certification practices by chartered accountants, financial literacy and inclusion, the role of chartered accountants in policymaking, and the intersection of good governance with ease of doing business. Insights from these research initiatives will be shared with the government, a statement issued by the ICAI said.
To advance its research initiatives, ICAI has appointed Dr Nupur Pavan Bang as the CoE Director-cum-Dean of its Centre of Excellence in Hyderabad. An academic and researcher, Dr Bang brings a wealth of expertise in family business, finance, and data analytics, an ICAI statement issued in this regard said.
Formerly the Academic Director at ISB’s Thomas Schmidheiny Centre for Family Enterprise, she has also imparted her knowledge through teaching roles at prestigious institutions such as Ashoka University and IIM Ranchi. Dr. Bang has also been recognised among the Top 100 Women in Finance in India (2020). She holds a Post-Doctorate from ISB and a PhD in Finance.
At present ICAI has two centre of Excellence (CoE’s) at Hyderabad and Jaipur with plans to inaugurate the third Centre of Excellence in Kolkata in January 2025. Further, ICAI plans to open eight more CoEs across the country in the next three years fostering research, innovation and skill-building.