{"id":66717,"date":"2024-10-08T13:00:28","date_gmt":"2024-10-08T07:30:28","guid":{"rendered":"https:\/\/corpbiz.io\/learning\/?p=66717"},"modified":"2024-10-25T16:52:06","modified_gmt":"2024-10-25T11:22:06","slug":"centre-all-set-to-create-pathway-to-build-indian-big-four","status":"publish","type":"post","link":"https:\/\/corpbiz.io\/learning\/centre-all-set-to-create-pathway-to-build-indian-big-four\/","title":{"rendered":"Centre All Set to Create Pathway to Build Indian \u2018Big Four\u2019"},"content":{"rendered":"\n<p>In May 2024, it came as a big surprise to Indian accountants and members of CA firms, both Indian and International, that India\u2019s Finance Minister Nirmala Sitharaman sought the Bihar chapter of the ICAI (Institute of Chartered Accountants of India). The reason for the meeting was under the agenda of the Viksit Bharat goals that aim to be achieved by 2047.<\/p>\n\n\n\n<p>FM Nirmala Sitharaman convened the meeting to seek a commitment from the ICAI\u2019s Bihar chapter to set up a giant accounting and auditing firm that could rival the likes of the Big 4 (The biggest accounting, auditing, and consultancy companies in the world).<\/p>\n\n\n\n<p>The finance minister continued to enforce that one such giant should come out of the minds of the Bihari people. India has an abundance of CAs, approximately around 4,00,000 CAs as of now. Adding to that, the ICAI has plans to expand the quantity of CAs in India to around 30,00,000 CAs by 2047, as part of the Viksit Bharat Initiatives.<\/p>\n\n\n\n<p>Now, with this amount of talent Available in our country, why hasn&#8217;t there been a major auditing and accounting company in India? This was the main premise of the question put forward by the finance minister, urging the ICAI to focus on developing and reforming its policies to allow firms to grow.<\/p>\n\n\n\n<p>Read more to get more context regarding the Big 4, the VIksit Bharat Initiatives, and how exactly India can overcome the challenges plaguing the development of CA firms in India.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title ez-toc-toggle\" style=\"cursor:pointer\">Page Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/corpbiz.io\/learning\/centre-all-set-to-create-pathway-to-build-indian-big-four\/#What_is_the_%E2%80%98Big_4\" >What is the \u2018Big 4\u2019?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/corpbiz.io\/learning\/centre-all-set-to-create-pathway-to-build-indian-big-four\/#What_is_%E2%80%98Viksit_Bharat\" >What is \u2018Viksit Bharat\u2019?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/corpbiz.io\/learning\/centre-all-set-to-create-pathway-to-build-indian-big-four\/#Talk_To_Expert\" >Talk To Expert<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/corpbiz.io\/learning\/centre-all-set-to-create-pathway-to-build-indian-big-four\/#Centre_All_Set_to_Create_Pathway_to_Build_Indian_%E2%80%98Big_Four\" >Centre All Set to Create Pathway to Build Indian \u2018Big Four<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/corpbiz.io\/learning\/centre-all-set-to-create-pathway-to-build-indian-big-four\/#The_Status_of_Indian_Auditing_and_Accounting_Companies\" >The Status of Indian Auditing and Accounting Companies<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/corpbiz.io\/learning\/centre-all-set-to-create-pathway-to-build-indian-big-four\/#Conclusion\" >Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/corpbiz.io\/learning\/centre-all-set-to-create-pathway-to-build-indian-big-four\/#Frequently_Asked_Questions\" >Frequently Asked Questions<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_the_%E2%80%98Big_4\"><\/span>What is the \u2018Big 4\u2019?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The \u2018Big 4\u2019 is the name given to the largest and most influential professional services companies in the world. They are present in almost every country and handle most of the accounting, auditing, and consultancy services rendered in the world. They are pioneers of technology and standards in these service domains and dominate the industry.<\/p>\n\n\n\n<p>The Big 4 firms are:<\/p>\n\n\n\n<ul>\n<li><strong>Ernst and Young (EY): <\/strong>EY (Ernst &amp; Young) was formed in 1989 from a merger between Ernst &amp; Whinney and Arthur Young &amp; Co., although both firms have roots going back to the 19th century. With $49.4 billion in revenue in 2023, EY specializes in audit, advisory, tax, and transaction services. EY has almost 4,00,000 employees all over the globe. The firm operates in over 150 countries, with a focus on helping businesses through business consultancy, <a href=\"https:\/\/corpbiz.io\/company-registration\" title=\"company registration services\"><strong>company registration<\/strong><\/a>, accounting, <a href=\"https:\/\/corpbiz.io\/business-audit\" title=\"Business Auditing Services\"><strong>auditing<\/strong><\/a>, and taxation services.<\/li>\n\n\n\n<li><strong>Deloitte: <\/strong>Deloitte was founded in 1845 by William Welch Deloitte in London. It has grown to become the largest professional services firm in terms of revenue, earning $64.9 billion in FY 2023. Deloitte provides audit, tax, consulting, and financial advisory services to clients in over 150 countries. The firm is known for its leadership in digital transformation and <a href=\"https:\/\/corpbiz.io\/risk-assessment\" title=\"risk assessment services in India\"><strong>risk assessment services<\/strong><\/a>, and it maintains a significant presence in sectors like healthcare, financial services, and technology. It has around 4,57,000 employees all over the world.<\/li>\n<\/ul>\n\n\n\n<ul>\n<li><strong>PricewaterhouseCoopers (PwC): <\/strong>PwC (PricewaterhouseCoopers) traces its origins to 1849 when Samuel Lowell Price founded an accounting firm in London. In 1998, Price Waterhouse merged with Coopers &amp; Lybrand (An American accounting firm) to form PwC. Today, PwC is a leader in audit, tax, and consulting services, generating a whopping $53.1 billion in revenue in 2023. The firm serves businesses in over 157 countries and has been deeply involved in sectors like banking, insurance, and consumer markets. PwC is also known for its strong commitment to corporate responsibility and sustainability. It has over 3,64,000 employees all over the world.<\/li>\n<\/ul>\n\n\n\n<ul>\n<li><strong>KPMG: <\/strong>KPMG was created in 1987 through the merger of Klynveld Main Goerdeler (KMG) and Peat Marwick International. With $37.7 billion in revenue in 2023, KPMG offers audit, tax, and advisory services across 145 countries. The firm is known for its expertise in regulatory compliance, risk management, and advisory work in the financial services industry. KPMG also focuses on environmental, social, and governance (ESG) issues, with programs aimed at promoting sustainability and responsible business practices. It has over 273000 employees globally.<\/li>\n<\/ul>\n\n\n\n<p>It can be seen that 3 of the 4 big 4 accounting firms have their origins in the last 40 to 50 years, proving that with the right push and strategy, achieving such scale is possible. India already has the talent pool for it, since most of the CAs (Chartered Accountants) produced by India end up becoming partners and senior-level employees in the Big 4 firms, appoint pushed by FM Nirmala Sitharaman as proof that India is ready to come up with something of their own.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_%E2%80%98Viksit_Bharat\"><\/span>What is \u2018Viksit Bharat\u2019?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Viksit Bharat means \u2018Developed India\u2019 in literal terms. It is an initiative presented by FM Nirmala Sitharaman to develop India into a global power by its 100th independence in 2047. The program focuses on long-term economic growth, technological advancement, sustainable development, and social equity.<br><br>Viksit Bharat initiatives are aimed at making India a global competitor and a key player in global economics by 2047. The 4 pillars of Viksit Bharat are Yuva (Youth), Garib (Poor), Mahilayen (Women) and Annadata (Farmers).<\/p>\n\n\n\n<p>In short, Viksit Bharat initiatives are the Indian government\u2019s vision of transforming India from a developing nation to a developed nation.<br><br>Where do the Big 4 firms play into this? The industry of professionals is very big, and its impact on the economy and on the social capital of the country is huge. To a developing nation like India, visions of giant firms in the field of <a href=\"https:\/\/corpbiz.io\/professional-advisory-services\" title=\"professional advisory services in India\"><strong>professional advisory services<\/strong><\/a> can be a huge deal in improving self-reliance, and economic performance and enhancing the reputation of India as a global power.<\/p>\n\n\n\n<h2><span class=\"ez-toc-section\" id=\"Talk_To_Expert\"><\/span>Talk To Expert<span class=\"ez-toc-section-end\"><\/span><\/h2><div class=\"calling-person blog_cta my-4\"> \n\n  \n\n    <div class=\"row\"> \n\n        <div class=\"col-xs-12 col-sm-12 col-md-12 col-lg-12\"> \n\n            <div class=\"d-flex flex-nowrap\"> \n\n                <div class=\"user-online\"> <img decoding=\"async\" src=\"https:\/\/corpbiz.io\/img\/user.jpg\" alt=\"corpbiz\"> <\/div> \n\n                <div class=\"user-online-details ms-3 align-self-center\"> \n\n                    <h2 class=\"text-white mt-0\"><span class=\"ez-toc-section\" id=\"Centre_All_Set_to_Create_Pathway_to_Build_Indian_%E2%80%98Big_Four\"><\/span> Centre All Set to Create Pathway to Build Indian \u2018Big Four <span class=\"ez-toc-section-end\"><\/span><\/h2> \n\n                    <p class=\"mt-3\"><i class=\"fa fa-star\"><\/i><i class=\"fa fa-star\"><\/i><i class=\"fa fa-star\"><\/i><i \n\n                            class=\"fa fa-star\"><\/i><i class=\"fa fa-star-half-full\"><\/i><span \n\n                            class=\"ms-2 text-white\">(4.8)<\/span><\/p> \n\n                <\/div> \n\n            <\/div> \n\n          \n\n        <\/div> \n\n     \n\n        <div class=\"col-xs-12 col-sm-12 col-md-12 col-lg-8 mx-auto\"> \n\n            <div class=\"d-flex justify-content-between call-chat\"> <a href=\"tel:919121230280\"> <span>Call Now \n\n            <\/span><img decoding=\"async\" class=\"ms-2\" src=\"https:\/\/corpbiz.io\/admin\/style\/images\/userfiles\/image\/new_call_icon.png\" \n\n                alt=\"Call With \" width=\"32px\"> \n\n        <\/a> <a href=\"https:\/\/api.whatsapp.com\/send?phone=919289379709&#038;text=Hi%20Corpbiz\" target=\"_blank\" rel=\"noopener\"> <span>Chat With Us<\/span><img decoding=\"async\" class=\"ms-2\" \n\n                src=\"https:\/\/corpbiz.io\/img\/chat-with-expert.png\" alt=\"Chat With \" width=\"32px\"> <\/a> <\/div> \n\n        <\/div> \n\n    <\/div> \n\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"The_Status_of_Indian_Auditing_and_Accounting_Companies\"><\/span>The Status of Indian Auditing and Accounting Companies<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>There are over 100,000 CA firms in India, with over 4,00,000 CAs. But, the sad fact of the matter is that only 400 of these firms have more than 10 partners, while an astonishing 75,000 are sole proprietorship firms.<\/p>\n\n\n\n<p>Seeing this data immediately brings forward the question of what exactly is stopping the creation of large firms in India. What is the reason behind such a large number of CAs preferring to do business just by themselves??<\/p>\n\n\n\n<p>Here are some of the challenges that plague India and prevent our companies from entering the global stage:<\/p>\n\n\n\n<ul>\n<li><strong>Regulatory Restrictions:<\/strong> Indian firms face limitations such as not being allowed to invest in or receive investments from other firms. They are also prohibited from advertising or soliciting business due to the CA Act of 1949. They cannot use their international relations or branding\/advertising to solicit clients, severely restricting their ability to scale. These restrictions are what need to be immediately addressed if India wants to compete on the global level.<\/li>\n\n\n\n<li><strong>Lack of Scale:<\/strong> Indian firms are small in comparison to global firms, with most firms being sole proprietorships. Only 400 Indian firms have more than 10 partners, while the Big 4 enjoy vast international networks. Over 100,000 CA firms in India fiercely compete for limited business outside of the Big 4\u2019s established client base, which further prevents them from achieving scale. These small players keep competing among themselves to acquire the clients that have not been poached by the Big 4 yet, shifting their focus away from combining and growing together.<\/li>\n\n\n\n<li><strong>Limited Adoption of Technology:<\/strong> Many Indian firms lag behind in technological investments and processes like documentation, which is essential for global competitiveness. To handle large scale and a large amount of employees and still do quality work requires tremendous technological input and sophistication of procedures, which just isn&#8217;t available in India.<\/li>\n\n\n\n<li><strong>Ethical limitations on multi-disciplinary partnerships:<\/strong> Indian CA firms are restricted in their ability to form multi-disciplinary partnerships (MDPs). This hampers their capacity to offer a broader range of services like consulting, financial services, advisory, etc., which is a key factor in the success of the Big 4. The recent reforms aimed at forming MDPs and promoting networking among CA firms are a step toward addressing this, but uptake has been slow.<\/li>\n\n\n\n<li><strong>Lobbying by Big 4:<\/strong> The Big 4&#8217;s influence in policy and business decisions, including pushbacks against joint audit mandates, has hindered smaller firms from expanding. Obviously, the Big 4 firms want to ensure that no giants are born to steal away business from them.<\/li>\n<\/ul>\n\n\n\n<p>These challenges are what stand in the way of the Viksit Bharat initiatives in terms of growing the professional services industry in India. Although a series of reforms have been implemented to solve these challenges, their uptake has been slow and resistive since firms do not or cannot change abruptly, disrupting their business processes and client base. Once the environment is less restrictive, like it is for the Big 4, Indian firms are sure to grow explosively.<\/p>\n\n\n\n<p><strong>Read more Blogs:<\/strong> <strong><a href=\"https:\/\/corpbiz.io\/learning\/benefits-of-outsourcing-manufacturing-accounting-services\/\">What are the Benefits of Outsourcing Manufacturing Accounting Services?<\/a><\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>As the above information clearly shows, it is not the dearth of talent that is preventing Indian companies and firms from becoming a huge name in the professional services market, but it is rather the mindset of the firms and the shackles of stringent regulatory norms that prevent their growth.<br><br>Another major hurdle that needs to be overcome to boost growth in the professional services domain is the integration of technology. Because of technological limitations in our country, the documentation process and the efficiency of professional services available in our country is much lower than the Western standard. This can only be solved by increasing the level of technological training available to students and aspirants of the CA professional, along with a comprehensive revamp of the procedures that CA firms currently follow.<\/p>\n\n\n\n<p>India is on a growth path definitely. With a growing GDP and positive prospects in the manufacturing domain, professional service quality is bound to go up, but whether an Indian Big 4 will come out of it is a question only time can answer.<\/p>\n\n\n\n<p>To kickstart your entrepreneurial journey and follow your startup dream, visit <a href=\"https:\/\/corpbiz.io\/\"><strong>https:\/\/corpbiz.io\/<\/strong><\/a>.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span>Frequently Asked Questions<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n<div class=\"saswp-faq-block-section\"><ol style=\"list-style-type:none\"><li style=\"list-style-type: none\"><h3>What is Viksit Bharat 2047?<\/h3><p class=\"saswp-faq-answer-text\">India completes 100 years of independence in the year 2047. The Viksit Bharat 2047 initiatives are a series of social, economic, environmental, and other reforms that are aimed to make India a more prominent global power in various fields, as well as remove the social and cultural issues that have been plaguing the country for 100 years. These reforms and their scope were presented in the interim budget 2024 by India\u2019s Finance Minister Nirmala Sitharaman.<\/p><li style=\"list-style-type: none\"><h3>What is ICAI?<\/h3><p class=\"saswp-faq-answer-text\">The ICAI is the Institute of Chartered Accountants of India. The ICAI is a national professional body for Chartered Accountants (CAs) in India. Established in 1949 by an Act of Parliament, it regulates the profession of accountancy in India. ICAI also conducts the exams required to become a CA and controls the policy infrastructure of CA firms in India.<\/p><li style=\"list-style-type: none\"><h3>How many CA firms are there in India?<\/h3><p class=\"saswp-faq-answer-text\">There are approximately 100,000 CA firms in India. This fact continues to question the policies governing these firms, as none of them have been able to scale up to become competition of the Big 4.<\/p><li style=\"list-style-type: none\"><h3>What are the Big 4 firms?<\/h3><p class=\"saswp-faq-answer-text\">The Big 4 is a term given to the largest professional services forms in the world. They are EY (Ernst and Young), Deloitte, KPMG, and PwC (PricewaterhouseCoopers). They have a large global presence in the consulting, auditing, accounting, and financial services domains.<\/p><li style=\"list-style-type: none\"><h3>What are the challenges in becoming a giant accounting firm like the Big 4?<\/h3><p class=\"saswp-faq-answer-text\">According to experts, scaling up is not smooth and efficient in India due to strained policies and various restrictions. This makes it impossible for firms to scale up, acquire bigger clients, and become large enough to attract global attention and clients.<\/p><li style=\"list-style-type: none\"><h3>How can India become a global competitor to the Big 4 firms?<\/h3><p class=\"saswp-faq-answer-text\">By relaxing administrative restrictions on mergers, allowing CA firms to advertise, and enabling a regulatory framework conducive to scaling up, India can fast-track the growth of its CA firms into global leaders in the professional services industry.<\/p><\/ul><\/div>\n\n\n<p><strong>Read more Blogs:<\/strong> <a href=\"https:\/\/corpbiz.io\/learning\/how-to-select-the-best-accounting-firm-for-your-business\/\"><strong>How to Select the Best Accounting Firm for your Business?<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In May 2024, it came as a big surprise to Indian accountants and members of CA firms, both Indian and International, that India\u2019s Finance Minister Nirmala Sitharaman sought the Bihar chapter of the ICAI (Institute of Chartered Accountants of India). The reason for the meeting was under the agenda of the Viksit Bharat goals that [&hellip;]<\/p>\n","protected":false},"author":86,"featured_media":66718,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[128],"tags":[],"acf":{"service_id":"405"},"authorName":"Ilma Siddiqua","authorImageUrl":"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2024\/03\/ilma.png","authorDescription":"Ilma Siddiqua is an environmental professional with 8+ years of healthy experience in Business Compliance MOEF, Tyre Waste, Hazardous Waste, Battery Waste, AVSF, EPR, State Pollution Control Board, etc. Penning words give her the utmost pleasure, and that\u2019s why she opted for drafting amazing writeups that move the readers to the core.","postViews":2217,"readingTime":7,"_links":{"self":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/66717"}],"collection":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/users\/86"}],"replies":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/comments?post=66717"}],"version-history":[{"count":3,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/66717\/revisions"}],"predecessor-version":[{"id":67048,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/66717\/revisions\/67048"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media\/66718"}],"wp:attachment":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media?parent=66717"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/categories?post=66717"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/tags?post=66717"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}