The Times Of India | Jul 01, 2017 , 20:35:50 IST

PM Modi at ICAI foundation day function

Prime Minister Narendra Modi is addressing the foundation day function of chartered accountants' apex body ICAI today on the first day of GST coming into effect. Stay with TOI for live updates.
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08:01 PM (IST)

PM Modi concludes his speech.

08:00 PM (IST)

PM Modi: I invite you all to join us in the development of our country.

07:58 PM (IST)

PM Modi: People talk of the big 4 accounting firms. Sadly, there is no Indian firm there. By 2022, let us have a big 8, where 4 firms are Indian.

07:56 PM (IST)

PM Modi to Chartered Accountants: Do you want to be known as someone who helped people evade taxes or those who helped them file their taxes honestly? It's for you to decide.

07:53 PM (IST)

CA should stand for - Charter or Accuracy, Compliance or Authenticity

PM Modi
07:51 PM (IST)

PM Modi: Your signature carries immense faith, please do not break that trust that is placed on you.

07:50 PM (IST)

PM Modi: Your signature has the power to help the poor people of our country.

07:49 PM (IST)

PM Modi: 'Tax return' is something that ultimately benefits the citizens of the country. This is the money that helps the elderly, the poor, and our jawans.

07:46 PM (IST)

PM Modi urges CAs to never break the trust of the citizens of the country.

07:44 PM (IST)

PM Modi: Like the lawyers did during the freedom struggle, I urge the CAs to take the lead in the journey towards India's economic growth.

07:44 PM (IST)

The signature of a Chartered Accountant is more important than the signature of the Prime Minister

PM Modi
07:43 PM (IST)

It is your duty to guide your clients in the right direction to help eradicate black money and corruption, PM tells CAs.

07:41 PM (IST)

PM Modi: We will always remember how the community of professionals took a lead during the freedom struggle of India.

07:41 PM (IST)

PM Modi: Chartered accountants played the most important role in helping us realise the dream of one nation, one tax, one market.

07:36 PM (IST)

PM Modi: When taxpayers are misguided or given unscrupulous advice, they are likely to follow a wrong path

07:33 PM (IST)

07:30 PM (IST)

PM Modi: Those who have looted the poor will have to give back what they have looted

07:26 PM (IST)

PM Modi: We will crack down on companies that break the law.

07:26 PM (IST)

PM Modi: We have cancelled the registration of over 1 lakh companies.

07:24 PM (IST)

PM Modi: Data mining to track the black money began on November 8, when demonetization was announced. We have not made this data public or questioned anyone yet. But we found as many as 3 lakh registered companies whose activities came under suspicion

07:21 PM (IST)

PM Modi: Our government is committed to clean the country - of filth with Swachh India and black money with demonetization

07:19 PM (IST)

Our Government has taken a tough stand against those who have looted the nation

PM Modi
07:19 PM (IST)

A country where a select few loot, such a nation cannot scale new heights. These select few never want the nation to grow

PM Modi
07:19 PM (IST)

PM Modi: Two years from now, we will start receiving real-time data from Switzerland which will deter those who deposit black money there.

07:17 PM (IST)

PM Modi: In 1987, the Swiss Banks started revealing how much money Indians are depositing there. However, in a report we received from the banks last year, we found that the money deposited by Indians saw a decrease of up to 45%

07:14 PM (IST)

GST is a fresh path for our economy

PM Modi
07:09 PM (IST)

PM Modi: If I call you the 'rishi munis' of the economy, I would not be wrong.

07:06 PM (IST)

You are the pillars of Indian economy.

PM Modi
07:05 PM (IST)

At ICAI event, PM Modi says that the CA community looks after the economic health of the society.

07:03 PM (IST)

PM Modi: Today, the 'Good and Simple tax' has come into force. It's an honor for me to present among you all on this historic occasion.

07:01 PM (IST)

PM Modi: Today is the foundation day of ICAI. I congratulate all of you.

06:58 PM (IST)

PM Modi is greeted to a rousing welcome. He will be speaking shortly.

06:57 PM (IST)

PM Modi arrives at the event.

06:53 PM (IST)

President Pranab Mukherjee and PM Narendra Modi press buttons at midnight to mark the launch of GST. (PTI Photo)

06:50 PM (IST)

At the event, PM Modi will talk about India's biggest tax reform. (Courtesy: Twitter/Doordarshan)

06:39 PM (IST)

Finance Minister Arun Jaitley is the guest of honour at the celebrations and there will be a panel discussion on the GST.

06:39 PM (IST)

More than 15,000 people are expected to attend the event in New Delhi.

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