oppn parties CA Students Are Not Demanding The Moon, The Government Must Act Promptly

News Snippets

  • The government decides to decriminalize more than two-thirds of penal sections in the Companies Act
  • Muslim groups tell the Supreme Court that they want the Babri Masjid to be restored
  • Muslim groups claim that while they were asked questions in court, Hindus were not questioned
  • Postpaid mobile services restored in Jammu & Kashmir from today, but still no internet
  • Abhijit Banerjee, an Indian-American currently a professor at MIT, wins the 2019 Noble prize in economics jointly with two others
  • Industrial output slumps in August as the IIP shrinks by 1.1%
  • Prime Minister Modi and Chinese President Xi Jinping watch a cultural show at the Shore Temple in Mamallapuram
  • J&K administration lifts the ban on entry of tourists in the Valley, but it remains doubtful how many will visit without being able to use mobile phones and internet
  • After Sena asks members to support the BJP candidate in Kalyan, 26 party corporators and 300 members resign setting off a crisis
  • The Centre sets up a 12-member committee to suggest systemic changes in the GST structure to improve compliance and collection, prevent misuse and evasion and rationalize rates and slabs
  • In line with the RBI outlook on the Indian economy, rating firm Moody's also downgrades growth forecast from 6.8% to 5.8% this year, saying the economy is experiencing a pronounced slowdown
  • HDFC chairman Deepak Parekh says the financial system in India does not offer foolproof security for misuse of the savings of the common man
  • Shivinder Singh and Malvinder Singh, promoters of Ranbaxy and Fortis, arrested for their role in Religare Finvest scam
  • Supreme Court says marriage can be dissolved if it has broken down irretrievably
  • DA of Central government staff hiked by 5% to 17%
Sourav Ganguly is the new president of BCCI, says conflict of interest is a big concern
oppn parties
CA Students Are Not Demanding The Moon, The Government Must Act Promptly

By Sunil Garodia

About the Author

Sunil Garodia Editor-in-Chief of indiacommentary.com. Current Affairs analyst and political commentator. Writes for a number of publications.

It is a matter of great regret that The Chartered Accountants Act, 1949 (CA Act) does not have a provision for re-evaluation of answer scripts. Perhaps, the drafters of the law did not envisage a situation that has now cropped up. Out of the over 300000 students who took the three examinations conducted by The Institute of Chartered Accountants of India (ICAI) in May 2019, only about 70000 passed. That, by itself, would not have been damning for students can fail for any number of reasons. But when more than 53000 of them accessed their evaluated answer scripts through the RTI Act, they were shocked to find that the examiners had made a complete hash of the evaluation and given them much lower marks.

Since then, the CA students are on the warpath. They have been staging dharnas outside the ICAI head office in Delhi and all its regional offices spread across the country. After they were informed by ICAI that the CA Act had no provision for re-evaluation, the students have been demanding that the government amend the Act. The ICAI has, in the meantime, formed an expert committee to examine the demand for re-evaluation. The committee will include Justice Anil R Dave, a retired justice of the Supreme Court, two former presidents of ICAI, Ved Jain and Amarjit Chopra, educationist Girish Ahuja and PC Jain, a government nominee. The committee will study the system in other countries and suggest a road map to the government.

The ICAI also said that it had introduced a step-wise marking system under which answers are broken down into steps and marks were awarded for each correct step. It said that a system of re-check was possible through which an examinee could apply if the examiner had missed a step. But the students are not satisfied with that. They want complete re-evaluation as they feel that answer sheets have not been properly evaluated. Hence they are demanding an amendment to include a re-evaluation of answer sheets as a right of the examinee if mistakes are found and a reform of the evaluation system.

The government must accede to this demand as the students have proof of the incorrect evaluation of their answer sheets. Students taking up chartered accountancy have to give three or more years to rigorous studies, coaching classes and professional training. If they feel cheated by the examination system, they would obviously be agitated. Since the careers of more than 230000 students are involved, the government must act without delay. Committees are known to take months to submit their reports. In this case, the government has to provide immediate relief to the students.