Welcome you to the Fifty sixth edition of DevMantra Times for the month of November 2025. This edition of our newsletter, where we bring you the latest developments shaping India’s dynamic business and innovation landscape. India’s financial and startup ecosystem is witnessing strong momentum across sectors. The government is considering amending the Chartered Accountants Act, 1949 to relax advertising restrictions for CA firms, aligning with ICAI’s ongoing review of its Code of Ethics. In the financial sector, cross-border deals worth $8 billion underscore rising foreign investor interest, while rural India now accounts for 80% of NBFCs’ microfinance portfolios, the highest since 2011.
Industry & Economic Updates CAs may soon get to advertise their firms
EDITORIAL NOTE: The Government of India is reportedly considering amendments to the Chartered Accountants Act, 1949, with the objective of relaxing advertising restrictions imposed on Chartered Accountants (CAs) and their firms. The proposed reform seeks to provide greater flexibility in professional communication and visibility, enabling Indian CA firms to expand their reach and competitiveness in the global auditing and consultancy landscape. In parallel, the Institute of Chartered Accountants of India (ICAI) is also reviewing its Code of Ethics to align with the proposed changes, ensuring that the profession adapts to evolving market dynamics while maintaining integrity and professional standards. This initiative marks a progressive step towards modernizing the regulatory framework governing the accounting profession in India.
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