Prime Minister Narendra Modi on Saturday called upon the chartered accountants to desist from helping clients shift their money out of the country or circumvent provisions of law.
Calling them the custodians of India' s economic health, the prime minister urged the CAs to direct their clients on the path of honesty. Modi was addressing the foundation day function of ICAI, the apex body of chartered accountants in the country.
He said the chartered accountants' signature in companies' balance sheet was a powerful one, in which both the government as well as the people had faith.
He called for their participation in implementing the insolvency and bankruptcy laws.
Like the lawyers who participated in the freedom struggle, the chartered accountants of today should join India' s economic struggle, Modi said.
The prime minister pointed out that along with the swachata abhiyan to clean the country, he had launched an effort to clean the economy of the country and curb corruption.
Modi referred to the Swiss bank accounts of Indians and said those account holders were in for tough times.
"The money of the poor will be returned to the poor," he said. The prime minister wondered how only 32 lakh people in the country admitted to earning more than Rs 10 lakh a year.
At the event, which came within a day of the launch of GST, the prime minister said the new tax will help in nation building.
