The International Conference on “New Paradigms in Financial Sector” concluded

Demonetization is not an event but it has a long term impact: Mr. Rajpal Singh Shekhawat

Mr. Rajpal Singh Shekhawat backs curbing Non Performing Assets.

If we leave behind the ad-hoc policy, country’s future is bright: Mr. Rajpal Singh Shekhawat

11th January 2017: Jaipur: For inclusive and sustainable growth, transparency in the Indian economy is the need of the hour. “Monetization should be visible and monetary flow should be transparent. However, demonetization is not an event, it cannot be classified as an event, it has a long term impact and we are going in that direction,” these are the views shared by Industry Minister, Govt. of Rajasthan Mr. Rajpal Singh Shekhawat at an International Conference on “New Paradigms in Financial Sector: Challenges and Opportunities” organized jointly by The Department of Accounting and Taxation and Faculty of Commerce and Management of The IIS University concluded at IIIM auditorium on Saturday where Mr. Shekhawat graced the inaugural ceremony of the conference.
In the deliberations, Mr. Shekhawat stressed upon the need of reform in banking sector. He said that banks are run by the public funds and how to get optimum utilization of these funds is a major challenge that our economy is facing. The transparent monetary flow would lead to employment generation and inclusive and sustainable growth.

Mr. Shekhawat was also seems to be in favour of curbing Non Performing Assets, no matter whoever is involved. “Non Performing Assets should be curbed, whether it is done by Vijay Malya or anybody else,” he said.

Mr.Shekhawat opposed the ad-hoc policy used by our country. “Every country is different, so we cannot go for American or Japanese Model because we need to serve 125 cr population under different circumstances and conditions. So, if we leave behind the ad-hoc policy, country’s future is bright,” he asserted.

The inaugural session commenced by the welcome address delivered by the vice-chancellor Dr. Ashok Gupta. Later, Dean of the Department of Commerce and Management acquainted the audience with the aims and objectives of the conference.

While Mr. Mayank Goyal discussed about the opportunities and challenges of banking sector at global level and also appraised the gathering with the functioning of World Bank.

The conference concluded in four technical sessions, the last two sessions of the second day of the conference was based on new paradigms in capital market and financial risk management. Prof. Muneesh Kumar, Dean, Faculty of Business and Commerce, University of Delhi, Delhi and Prof. Bal Krishan, Department of Commerce, University of Himachal Pradesh, Shimla chaired the sessions respectively.

In the valediction ceremony, convener of the conference Dr. Ankita Chaturvedi delivered the welcome address and organizing Secretary Dr. Shweta Gupta presented the conference report. Prof. Sanjay Sehgal, Department of Financial Studies, University of Delhi, Delhi delivered the valedictory address and acquainted the participants on how to write a good research paper in reputed journals.

A total of 95 research papers have been presented. In the oral paper presentation category, Ms. Kanchan Sangwan, Chandani Singh & Monti Kanodia, Dr. Aditi R Khandelwal and Laxmindhar Panda felicitated as best paper presenters while best poster paper presenters’ award went to Tapasya Meena and Ambuja & Ruchi.