The Hindu : Karnataka / Bangalore News : CAs urged to be watchdogs of country's public finances

Online edition of India's National Newspaper
Sunday, Feb 25, 2007
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Karnataka

Karnataka - Bangalore

CAs urged to be watchdogs of country's public finances

Staff Reporter

JUBILEE: The former Andhra Pradesh Chief Minister N. Chandrababu Naidu (right) and KSCAA president Mallinath S. Nainegli at the valedictory of the Karnataka State Chartered Accountants Association's golden jubilee conference in Bangalore on Saturday. — Photo: V. Sreenivasa Murthy

Bangalore: Deputy Chairman of the Rajya Sabha K. Rahman Khan on Saturday exhorted chartered accountants in the country to work as watchdogs of public finances and ensure, through their auditing, that budgetary allocations for the poor reached them.

Replying to felicitations by the Karnataka State Chartered Accountants Association on the occasion of its golden jubilee, Mr. Khan, a chartered accountant himself, said that crores of rupees were spent by the Union Government and States on many development activities.

Association president Mallinath S. Nainegli, former presidents Pandurang and Krishnaswamy and Reception Committee chairman I.S. Prasad presented the Leadership Excellence Award to Mr. Khan.

There was no accountability and projects were unduly delayed with time and cost overruns for which politicians were maligned, the senior Congress leader said. The only hope for the country was the over 1.5 lakh chartered accountants.

He advised them not to shun politics and to take part in developing democratic institutions. Hardly a few members of Parliament had good knowledge of tax laws, which was reflected in the debate on important national issues, he said.

Lecture

In the forenoon, Leader of the Opposition in the Andhra Pradesh Legislative Assembly N. Chandrababu Naidu delivered a lecture on `Leadership excellence.' Karnataka had always been a challenge to him in the march towards development, he said. He had laid a strong foundation for the overall development of his State, particularly Hyderabad, which was showing results now.

But he had to pay a heavy price for his enthusiasm and his party lost the elections. Mr. Naidu said he would concentrate on alleviating poverty among farmers, artisans and other neglected sections if the people returned him to power.

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