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- The Institute of Cost Accountants of India said that Vijender Sharma has been elected as the new President and Rakesh Bhalla as the Vice President for 2022-23.
- The Institute, which is a statutory body established under an Act of Parliament, comes under the administrative control of the Union Ministry of Corporate Affairs.
- Shri Vijender Sharma was the Vice Chairman and CMA Rakesh Bhalla Central Council Member and Chairman of the Direct Taxes Committee of the Institute in the last term 2021-22.
- The Institute of Cost Accountants of India (ICAI-CMA) is a statutory body constituted under an Act of Parliament and is the regulator for the profession of cost and management accountancy in India.