70th All India Commerce Conference 2017 of the Indian Commerce Association

Conference Report

The IIS University, Jaipur hosted the 70th All India Commerce Conference 2017 of the Indian Commerce Association from 12-14 October 2017. The conference was based on the theme of Remonetisation: politics vis-à-vis economics. The need for action is more urgent than ever.  Considering the same, the conference provided a forum to bring together well experienced academicians, economists, practitioners, researchers and experts to deliberate on the sensitive issues of cashless economy; GST; employment and entrepreneurship.

The conference received an overwhelming response from all quarters this year. Around 2200 delegates registered from all over India.  One keynote lecture and 8 invited lectures by eminent academicians, corporate representatives and management experts were delivered during the three day event. Around 1500 research papers and articles were received from all across the country. The research work of the delegates was presented in the Seminar held on 12th October  and six concurrent sessions held on 13th October.

Day-1 - October 12, 2017

Inaugural Session

The inaugural session of the Conference began with the hoisting of ICA flag designed by the IIS University, and was followed by invoking the blessings of the divine by lighting of the lamp and “Saraswati Vandana”. Thereafter, Dr. Ashok Gupta, Hon'ble Vice-Chancellor, The IIS University delivered the welcome address. While welcoming the luminaries, esteemed resource persons, delegates and student-participants, Dr. Gupta thanked the Indian Commerce Association and all its members for bestowing their faith in the University by giving the opportunity to host this prestigious mega-event.

Prof. Subhash Garg, Conference Secretary then briefed the gathering about the objectives of the conference and Dr. Balwinder Singh, Secretary, ICA threw light on the aims and functions of the Indian Commerce Association.

This was followed by the presidential address of Prof. Arvind Kumar, President, Indian Commerce Association. Prof. Arvind Kumar highlighted that the Demonetization will definitely help in curbing corruption in terms of Black Money, Misappropriation of funds, terrorism funding etc.

Souvenir of the conference, Book of Abstracts and a book titled ‘Women and Sustainable Development’ were then released by the Chief Guest of the ceremony, Shri Rajpal Singh Ji Shekhawat, Honorable Minister of state for Industry, NRI, Govt Enterprise and DMIC. 

Thereafter, Dr. Balwinder Singh announced Manubhai Shah Memorial Research Award and Saurabh Shivare Memorial Award.  8 Vice Chancellors of different Universities and Prof. Furqan Qamar were then felicitated on this occasion.

Shri Amarjeet Chopra FCA, Chairman, National Advisory Committee on Accounting Standards, Govt. of India then gave the Keynote Address. Shri Chopra in his keynote address threw light on the importance of ‘Make in India’ initiative undertaken by  the government and elaborated that how the same would help in the growth of our economy. This was followed by the inaugural address of the chief guest of the session, Shri Rajpal Singh ji Shekhawat, Honorable Minister of state. He emphasized on the fact that the overall growth can be ensured only after eradicating corruption, which is possible only through minimal human interface, which in turn can only be achieved through digital economy.

The inaugural session ended with a formal vote of thanks proposed by the Organising Secretary of the Conference Dr.  Raakhi Gupta and Dr. Ananth M. Deshmukh, Executive Vice President, ICA.

The post lunch session started with 2 memorial lectures, chaired by Prof. Arvind Kumar, President ICA.  Prof. Som Deo, Former Head & Dean, Faculty of Commerce, University of Rajasthan was the invited speaker for Prof. Sami-uddin Memorial Lecture and Prof. Furqan Qamar, Secretary General, Association of Indian Universities was the invited speaker for Prof. A.D.Shinde Memorial Lecture.

Seminar on Remonetisation: Politics vis-à-vis Economics was conducted in the conference hall of the IIS University after the memorial lectures. The seminar was chaired by Prof. Debabrata Mitra, Dept. of Commerce, University of North Bengal, Darjeeling and co-chaired by Dr. Anil Kumar G. Garag, Director, Global Business School, Hubballi.

Prof. Parimal Vyas, Vice Chancellor, Maharaja Sayajirao University, Baroda and Prof. Sasmita Samanta, Registrar, KIIT University, Bhubhaneshwar were the invited speakers for this session.  Prof. Vyas threw light on financial facts & Figures of Indian economy before & After Demonetization. Prof. Samanta emphasized the need of serious reforms on part of regulating authorities, which should be incorporated to achieve the goal of remonetizing India.

Total 91 papers were read in this session.

The seminar was followed by a cultural evening and dinner.

Day-2 - October 13, 2017

The 2nd day of the Conference, witnessed six concurrent sessions spread over the entire day.

Financial Sector: Regulation vis a vis Liberalisation was the theme of the first technical session which was chaired by Prof. Bhagaban Das, Fakir Mohan University, Balasar, Odisha and co-chaired by Dr. Rajendra Kumar V.Raval from C.C. Sheth College of Commerce, Ahmedabad.  There were two invited speakers in this session; Prof. J.K. Tandon from Jaipur National university and Prof. Mahesh Joshi from RMIT, Melbourne.  While Prof. Tandon stressed upon the importance of factors responsible for effective implementation of financial regulations, Prof. Joshi discussed the major issues being faced in the implementation of the The Indian Financial Reporting system. A total of 204 papers were read in this session.

The second technical session ‘Cash to Cashless Economy: Challenges and Opportunities’ was chaired by Prof. M. Sulochana from Osmania University, Hyderabad and co-chaired by Prof. Pawan K. Poddar from Bhagalpur, Bihar.  The researchers contesting for the Best Business Academic of the Year Award set the tone for deliberations in this session.  452 papers were read in this session.

Technical session III on ‘Employment and Entrepreneurship: Changing Paradigms’ was chaired by Prof. V.K. Shrotriya, Dept of Commerce, Delhi School of Economics, University of Delhi and co-chaired by Dr. Krishna Gupta of University of Rajasthan.  305 papers were read in this session.

Technical session IV was based on the theme ‘GST: Implications for Indian Economy’.  It was chaired by Prof. Jaspal Singh from Guru Nanak Dev University, Amritsar and co-chaired by Dr. Amitava Samanta from Vinobha Bhave University, Hazaribag, Jharkhand.  Prof. Bal Kishan from Himachal Pradesh University, Shimla was the invited speaker for this session.  Sir, highlighted that the issues like dual GST system, Multiple tax rates, improper classification of items, problems in preparation of bills by the traders etc.  need to be resolved for successful implementation of GST in India. A total of 313 papers were read in this session.

97 papers on empirical researches in the area of marketing were read in Prof. Manubhai M Shah Memorial Research Award Session chaired by Prof. Prashant Kumar from Banaras Hindu University and co-chaired by Prof. Kanwaldeep Dixit from International School of Informatics & Management, Jaipur. Prof. Naveen Mathur from Rajasthan University was the invited speaker for the same. Prof. Mathur  threw light on the innovative & emerging areas of Marketing Research.

Dr. Sanjay Rastogi from Indian Institute of Foreign Trade, New Delhi chaired Prof. Samiuddin Memorial ICA Research Scholar Award session.  38 scholars presented their research work in this session.

After the General Body Meeting of ICA, the second day closed with the election of office bearers; executive committee of ICA and the venue of 71st All India Commerce Conference.  The General Body of the ICA elected Dr. Subhash Garg as the president of the ICA for the next term. Osmania University, Hyderabad was elected to host the 71st ICA Conference.

Day-3- October 14, 2017

The third day of the conference started with the selected presentations for ‘Best Business Academic of the Year’ award.

The valedictory ceremony of the conference began with welcoming of Prof. M M Salunkhe, Chief Guest of this session, and vice chancellor of Bhartiya Vidyapeeth, Deemed University, Pune.