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MP Governor extols work done by PHDCCI in promoting heritage tourism

INDORE, 13th July: “PHD Chamber of Commerce and Industry (PHDCCI) is doing wonderful work to promote awareness about the importance of preserving our heritage by organizing heritage tourism conclaves throughout the country. I urge them and industry leaders in general, to lend a helping hand to support the tribal areas of Madhya Pradesh.” This message was given by the Governor of Madhya Pradesh, Shri Mangubhai Patel who was the Chief Guest at the 13th International Heritage Tourism Conclave organized by PHDCCI here on 12th July. The conclave was organized in partnership with the Ministry of Tourism, Government of India; Madhya Pradesh Tourism Board; Rajasthan Tourism; IRCTC and Indigo.

HERITAGE

Present in the Inaugural Session were Ms. Urmila Shukla (IAS), Commissioner- Archaeology, Archives & Museums, Government of Madhya Pradesh; Mr. Arun Srivastava, Joint Director General, Ministry of Tourism, Government of India; Mr. Anil Parashar, Chair – Tourism & Hospitality Committee, PHDCCI; Mr. Sanjeev Agrawal, Chair – Madhya Pradesh Chapter, PHDCCI; Mr. Rajan Sehgal, Co-Chair – Tourism & Hospitality Committee, PHDCCI; and Ms. Shalini S Sharma, Assistant Secretary General, PHDCCI.

The Inaugural Session saw release of two reports – one by PHDCCI on the Conclave with messages from the Governor, Ministry of Tourism and the Chamber. The second report was made by KPMG in partnership with PHDCCI on the scope, challenges and recommendations for heritage tourism. A highlight of the Inaugural Session was a demonstration of the way intangible heritage is being preserved by children of the country. Students of Garima Vidya Vihar Senior Secondary School in Indore presented Shivstuti through the classical dance form of Kathak.

Content creators of Indore and local social media influencers Udte Kabootar also spoke about the work they were doing to preserve the stories and oral history of the city.

Inaugurating the Conclave, Shri Patel said that the state was not only rich in historical monuments, but also boasted a diverse cultural tapestry that included vibrant festivals, traditional arts and crafts. By promoting heritage tourism, we can foster a deeper appreciation of our cultural assets, drive economic growth and enhance the livelihoods of local communities, he said.

Ms. Shukla highlighted the role of Archaeological Survey of India in protecting and conserving the history, cultural monuments and antiquities of Madhya Pradesh. She elaborated on the initiatives that the government is undertaking for promoting heritage and culture by conducting various research activities like excavation, exploration, development of museums, conferences and workshops.

Mr. Srivastava spoke about the work being done by the Ministry of Tourism through initiatives such as ‘Swadesh Darshan’ and ‘PRASAD’ schemes. He also informed that India is set to host the 46th meeting of the World Heritage Committee in New Delhi from 21-31 July which will have participation of members from 195 countries.

Mr. Parashar said that through International Heritage Tourism Conclaves, PHDCCI has made a significant impact on the ground by popularizing heritage destinations, increasing community participation in the preservation of historical buildings and advocating for policy changes that make our monuments more accessible and inclusive.

Highlighting the potential of promoting heritage tourism in Madhya Pradesh, Mr. Sanjeev Agrawal, said that the state is home to three Unesco World Heritage Sites: temples of Khajuraho, Buddhist stupas at Sanchi and the rock shelters of Bhimbetka. He further said that in recent years, Madhya Pradesh has seen a surge in both domestic and international tourists, drawn by the allure of its heritage, wildlife and cultural experiences.

Mr. Raju Sharma, Director – CSR, InterGlobe Aviation Ltd (IndiGo), presented a case study on the restoration of Lal Bagh Palace which was moderated by Mr. Himanshu Dudwadkar, Co-Convenor – Indore Chapter, Indian National Trust for Art and Cultural Heritage.

A discussion on the role of women in preserving cultural legacy was hosted by Ms. Shalini S Sharma, Assistant Secretary General, PHDCCI, with guests Mr. Vaibhav Chauhan, Director of The City Palace, Jaipur and Jaigarh Fort and Ms. Anjchita Nair, Co-Founder & CEO, Cultre.

Mr. Ajay Verma, CEO – Heritage and Events, Sabhyata Foundation discussed on the role of enabling policies in preserving heritage with a focus on Red Fort. Author and historian Ms. Swapna Liddle shared her perspective on the public’s role in heritage preservation. Ms. Kishwar Desai, Chair of The Arts and Cultural Heritage Trust, presented a case study on the Partition Museum in Amritsar.

A panel discussion on the role of technology in preserving heritage had Prof. Mohan Raghavan, Head, Department of Heritage Science Technology, IIT Hyderabad, as the Moderator with panelists Ms. Priti Ramakrishnan, Co-Founder & COO, ImmverseAI and Mr. Raghava Krishna, Founder and CEO, Brhat.

The event concluded with a session on preserving heritage through art by Mr. Wajid Khan, Artist, Sculptor, Inventor, Patent Holder and hosted by Mr. Atul Singh, Chairman – MP Chapter, Association of Domestic Tour Operators of India.

Delegates had the opportunity to participate in the Rajwada Reminiscence Heritage Walk, curated by Mr. Ritik and Mr. Shashank, Co-Founders of Udte Kabootar, offering a unique exploration of Indore’s historical treasures.

Among the industry partners of 13th IHTC were Association of Domestic Tour Operators of India (ADTOI), Indian Association of Tour Operators (IATO), Federation of Hotel & Restaurant Associations of India (FHRAI), Udte Kabootar, Red FM 93.5 and Indore Talk; and was supported by PHDCCI annual sponsors, DLF Ltd; Jindal Steel & Power; KLJ Group; Multani Pharmaceuticals Ltd; Marble City; MMG Group; Radico Khaitan Ltd; Uflex Ltd; Vestige; Eazy ERP Technologies; JK Tyre & Industries Ltd; Sagar Group of Industries; Superior Industries Limited; Samsung India Electronics; Oswal Greentech; Apeejay Stya Group; Blossom Kochhar Beauty Products Pvt Ltd; DCM Shriram; R E Rogers; Trident Group; Ajit Industries Pvt Ltd; Bhagwati Plastic and Pipes Industries; Central Coalfields Ltd; DD Pharmaceutical Ltd.; Hindware Sanitary; Jindal Steel; Modern Automobiles; P S BEDI & Co.

Investigative Search and Seizures: Legal Insights on Determining Accurate Total Income

New Delhi, 9th July 2024 : PHDCCI, under the aegis of its Direct Tax Committee organized Conference on Income Tax, Search and Seizure – Practical issues during assessment proceedings subsequent to search matters on Thursday, 4th July 2024 at PHD House, New Delhi. The aim of the conference was to provide a holistic understanding of search and seizure in the income tax context, addressing both legal and practical aspects. It seeks to foster an environment of learning, discussion, and collaboration to improve the implementation and administration of search and seizure provisions, ensuring a balance between effective tax enforcement and taxpayer rights.

Present on this occasion Mr. Mukul Bagla, Chairman Direct Taxes Committee, PHDCCI & Senior Parner at O.P. BAGLA & Co. LLP; Dr. Rakesh Gupta Co-Chairman Direct Taxes Committee, PHDCCI & Senior Parner at RRA Tax India; Mr Anant Bhatia, Co-Chairman Direct Taxes Committee, PHDCCI & Partner and CEO – Bhatia & Bhatia; Mr. Rohit Jain Partner at Vaish Associates; Ms Babeeta Sharma, Senior Secretary, PHDCCI and Mr. Minakshi Srivastava, Deputy Secretary, PHDCCI.

The programme saw good participation virtually and physically of academia, experts, practitioners, policymakers, stakeholders, industry and professionals.

In the inaugural session Mr. Mukul Bagla, Chairman Direct Taxes Committee said that During the search assessment proceedings, several key aspects are considered. The first involves the evidence and documentation found during the search, including access to documents, hard disks, chips, and cell phones. This is fundamental to the assessment process. The second aspect concerns the income based on the documents found. In many cases, there are assumptions and estimations involved. Another important aspect is the recording of statements whether from staff and employees. Finally, the settlement and negotiation process comes, and the manner in which the assessment is filed, play crucial roles in search cases

Dr. Rakesh Gupta Co-Chairman Direct Taxes Committee said that a search is an investigative process aimed at determining the correct total income. Objective of search is to identify undisclosed assets. Another important goal is to send a message to society about the seriousness of tax evasion. We are governed by the rule of law throughout the search proceedings and the widespread tax evasion in society cannot be ignored.

Mr. Rohit Jain Partner at Vaish Associates said that when books of accounts are found, it is essential that the author of these accounts explains the real facts. Every statement holds its own substantial value. Statements from the employee or the business owner, who is also the author of the documents, will be taken. If there is consistency in the statements, it supports accurate analysis. However, if the statements are contradictory, it complicates the assessment process.

Mr Anant Bhatia, Co-Chairman Direct Taxes Committee emphasized that Engaging with these issues can lead to a deeper understanding of the complexities involved in search and seizure under the Income Tax Act. It can also help identify areas for improvement, fostering a more transparent and fair tax enforcement system and asked relevant issues during the conference on search and seizure in order to stimulate meaningful discussions and provide valuable insights.

Ms Babeeta Sharma, Senior Secretary, PHDCCI moderated the session & gave concluding remarks and formal vote of thanks for the program. Ms. Minakshi Srivastava, Deputy Secretary, PHDCCI. Coordinated the conference very well.

The programme was supported by RRA Tax India, O.P. BAGLA & Co. LLP, Vaish Associates, AZB & Partners and PHDCCI’s annual partners, DLF Ltd; Jindal Steel & Power; KLJ Group; Multani Pharmaceuticals Ltd; Marble City; MMG Group; Radico Khaitan Ltd; Uflex Ltd; Vestige; Eazy ERP Technologies; JK Tyre & Industries Ltd; Sagar Group of Industries; Superior Industries Limited; Samsung India Electronics; Oswal Greentech; Apeejay Stya Group; Blossom Kochhar Beauty Products Pvt Ltd; DCM Shriram; R E Rogers; Trident Group; Ajit Industries Pvt Ltd; Bhagwati Plastic and Pipes Industries; Central Coalfields Ltd; DD Pharmaceutical Ltd.; Hindware Sanitary; Jindal Steel; Modern Automobiles; P S BEDI & Co.

Indian and International academics foster collaborations with PHDCCI to build University-Industry Linkages

PHD Chamber of Commerce and Industry (PHDCCI) joined as an Industry partner in the 3-day International Conference on Marketing, Strategy and Policy Research: Connecting the Dots, organized by Marketing, Strategy and Policy (MSP) Research, University of the Arts, London, in collaboration with Goa Institute of Management and Bharati College, University of Delhi, from March 27th to March 29th, 2024 in Goa.

MSP Research Conference

The Conference has resulted in interesting outcomes in the forms of MOUs being discussed between MSP and Bharati College on academic turf and with PHDCCI to build the Industry-University Linkages for the promotion of research and innovation in India. These will be executed under the leadership of Prof Kavita Sharma, President, MSP Research, India Chapter, in collaboration with Prof Suraksha Gupta, founder, MSP Research and Professor, University of the Arts, London along with Prof Saloni Gupta, Principal, Bharati College, University of Delhi, and Dr S P Sharma, Chief Economist | DSG, PHDCCI, respectively.

A strong built up of University-Industry Linkages is needed to enhance research and innovation in India. This will foster technological advancements across various sectors, catalyzing research and innovation for increased employment avenues for the growing young workforce in the country. Strong innovation environment in the country will strengthen the efficiency and efficacy of the enterprises and competitiveness in the global market place.

One of the main features of the Conference was the prestigious TARA Lifetime Achievement Award, which was presented to the Father of Modern Marketing, Prof Philip Kotler, a legend of Marketing, who was honoured by another Legend of Marketing, Prof V Kumar, the recipient of the 2023 TARA Lifetime Achievement Award.

The research presented by Indian and international scholars from universities across the globe on the themes of Sustainable Development Goals (SDGs) and Equality, Diversity, and Inclusion (EDI), in the context of businesses, was highly appreciated. Discussions amongst scholars reflected the multi-disciplinarity, interdisciplinarity, and cross-disciplinarity approach adopted by scholars, with advice from Editors of highly reputed journals, reflected on the opportunities MSP Research opens for Indian academics.

During the Conference, participants from around the World, from academics and industry were present. The Conference provided a global forum for academics, think tanks and industry leaders to share knowledge, encourage teamwork, and deliberate the recent developments in strategy, marketing, and policy research.