Event Coordinator, Dr. Shailendra Kumar Dube, Professor- Operations Management, welcomed the “Resource Person” Mr. Rakesh Chopra, Ex. Executive Director, RITES, ( Indian Railways) with a plant sapling..

Mr. Rakesh Chopra, introduced the assigned topic “Quality Management Systems” in a very lucid manner. He drew attention on India’s nodal organization on developing Quality Standards  for product & Services, known as Bureau of Indian Standards ( (BIS) .

He further stated that International Quality Standards encompasses diverse areas as well like Environment, Occupational Health & Safety, too. He stated that QMS covers all size of organizations In his view, Deming Cycle, also known as PDCA Cycle, plays a very vital role in quality improvement. Mr. Chopra further clarified 7 QMS Principles which encompassed Customer Focus, Leadership, Engagement of People, Process Approach, Improvement; Evidence based Decision Making and Relationship Management.

The lecture was followed by “Question & Answer Session”. The participants raised pertinent issues related to the topic. Finally, the PGDM Programme Chairperson, Prof.(Dr.) Anusha Agarwal, offered a memento to Mr. Rakesh Chopra,  as a token of gratitude.

The workshop commenced with honoring the distinguished resource personMr. Punit G with plant sapling and memento by Prof. (Dr.) Ajay Kumar, Director, I.T.S School of Management.

The event began with a welcome address by Prof. (Dr.) Ajay Kumar, Director, I.T.S. School of Management. Dr. Kumar emphasized the importance of financial stability in modern life and posed reflective questions such as:

What is finance?

What is financial stability?

How can we develop financial stability in our lives?

Mr. Punit began by asking students their reasons for pursuing PGDM, emphasizing the aim to turn failures into opportunities and achieve financial success. He highlighted the financial challenges of balancing income and expenses and shared his journey of realizing, after 13 years, that life is about living, not just earning.He emphasized the importance of setting clear financial freedom goals and understanding the cash flow quadrant: employees value, job security, self-employed individuals focus on independence, investors use money to generate more money, and business owners create systems to build wealth. Mr. Punit explained the ideal path from employee to business owner to investor, focusing on passive income alongside active income. Encouraging students to "earn while they learn" through internships and side hustles, he emphasized starting passive income early for financial freedom.

The session concluded with an engaging question-and-answer round, where students actively participated, asking thoughtful questions and gaining valuable insights, followed by the signing of MOU. This interaction not only enhanced their understanding of the topic but also encouraged deeper critical thinking and financial reflection.

This partnership will offer a three hour offline workshop on essential topics like financial fraud prevention, starting a startup in college, and job readiness in the BFSI sector. Additionally, a Center for Financial Acceleration (CFA) will be established on campus to provide hands-on financial training, networking with industry experts, and access to internships and placements in BFSI.

This collaboration aims to empower students with practical financial knowledge, entrepreneurial skills, and career opportunities, fostering their overall professional development while bridging the gap between academia and the BFSI industry.

The Chief Guest for the session was Hon'ble Minister Dr. Jitendra Singh,Hon’ble Union Minister of State (Independent Charge) Ministry ofScience & Technology, (Independent Charge) Ministry of Earth Sciences. In his address, Dr. Singh , the Minister emphasized the pivotal role of AI in reshaping various sectors, including governance, business, healthcare, education, and space exploration. He highlighted AI as the backbone of India’s future development, capable of driving economic growth and addressing pressing challenges such as climate change, public service delivery, and national security.

 The event brought together experts, policymakers, and industry leaders to discuss the advancements and future prospects of AI Leadership in India. Key discussions focused on India's leadership in AI innovation, strategic partnerships for building scalable AI infrastructure, talent development, and AI applications in sectors, startups, and developers access to high-quality, diverse datasets essential for creating scalable and inclusive AI solutions. 

The event featured prominent speakers from government, academia, and industry, including Shri Nitendra Rajput, SVP & Head - AI Garage, Mastercard,  Shri Amith Singhee, Director, IBM Research India; CTO, IBM India / SA, Shri Sandeep Verma, Country Head for India, Bangladesh, and Sri Lanka, Bayer Consumer, Health and Council Co-Chair, ASSOCHAM Wellness,  Shri Jay Adnure, Solution Advisor Senior specialist, SAP Business AI, Shri K V Dipu, Senior President, Bajaj Allianz General Insurance, Shri Paresh Sheth, Business Head AI.Cloud – India, TCS, Shri Himanshu Ghawri, Partner, PwC, Shri Sarvagya Mishra, Founder & CEO, Pinnacle Works, Shri Abhinav Mathur, Assistant Vice President, Genpact to name a few.

The session commenced with honoring the distinguished resource personMr. Agnelo Dias with plant sapling and momento by Dr. Ajay Kumar, Director, I.T.S School of Management.

Mr. Agnelo Dias delivered an engaging and thought-provoking session on the essential role of education in developing future leaders. He emphasized key skills such as problem-solving, critical thinking, creativity, and emotional intelligence, which are vital for success in the modern professional landscape. Mr. Dias also highlighted the importance of a growth mindset over a fixed mindset, stressing adaptability and continuous learning. Core competencies, including leadership and decision-making, along with domain knowledge in business fundamentals and global awareness, were discussed as crucial attributes for future leaders.The speaker further emphasized the value of soft skills, ethics, and integrity as foundational qualities, while underscoring the need for technological acumen in today’s digital age.

The session concluded with an engaging question-and-answer round, where students actively participated, asking thoughtful questions and gaining valuable insights from the discussion. This interaction not only enhanced their understanding of the topic but also encouraged deeper critical thinking and reflection.

 The session was led by Ms. Monica Yadav, a renowned life coach, entrepreneur, and motivational speaker. The aimed to equip students with vital tools for navigating both their personal and professional lives. The session covered a range of life skills, including time management, communication, self-confidence, finances, relationships, career path development, and overall personal growth. She highlighted the importance of time as a finite resource and shared techniques like the Pomodoro method to balance productivity with personal well-being.

Communication skills, both verbal and non-verbal, were emphasized for their role in career and relationship building, with practical exercises to improve active listening, empathy, and conflict resolution. Financial literacy was addressed through budgeting, saving, and aligning career goals with financial planning. A significant portion of the session focused on building self-confidence, maintaining a positive attitude, and using failure as a stepping stone to success. The workshop also underscored the importance of nurturing relationships, managing health, and pursuing continuous learning for long-term growth. Ms. Yadav’s engaging and relatable approach left students inspired and equipped with actionable strategies to improve their personal and professional lives. The session’s holistic approach encouraged attendees to embrace a balanced, fulfilling, and purposeful life.

Key Highlights of the Session:

1. Employee Relations & Industrial Relations
Dr. Bamel provided a clear distinction between Employee Relations (ER) and Industrial Relations (IR). While ER focuses on individual relationships between employer and employee, IR pertains to collective relationships, such as those between unions and management.

To illustrate these concepts, Dr. Bamel cited several case studies:

Maruti Suzuki Manesar Plant Accident and Honda Strike: Demonstrated challenges in managing labor relations and the consequences of unresolved disputes.

New Holland Tractor Company (Greater Noida): Showcased how effective leadership and management practices have prevented strikes for over 26 years, despite the absence of a union.

Historical Strikes: Examples like the Bombay Mill Strike and Indian Railway Strike were discussed to emphasize the critical role of union leadership and collective bargaining in industrial relations.

2. Theoretical Insights: Karl Marx’s Class Struggle
Dr. Bamel elaborated on Karl Marx’s Theory of Class Struggle, explaining the dynamics between the labor class (working class) and employers. He highlighted Marx’s perspectives on the economic and social relationship between the employer and employee, emphasizing:

Fair Wages

Job Security

Employee Well-being

Improved Working Conditions

These principles underpin the upcoming four labor codes that integrate multiple labor laws to enhance governance and employee-employer relationships.

3. Provident Fund Act (EPF, EPS, EDLS)
Dr. Bamel provided an in-depth understanding of the Employee Provident Fund Act, covering the following key aspects:

Schemes under EPF:

EPF (Employee Provident Fund): Focus on long-term savings for employees.

EPS (Employee Pension Scheme): Designed to provide post-retirement pension benefits.

EDLS (Employee Deposit Linked Insurance Scheme): Offers insurance benefits linked to provident fund deposits.

Applicability: Explained the criteria under which organizations must comply with the Act.

Employer-Employee Relationship (Gandhian Guardianship): Dr. Bamel emphasized the employer's moral responsibility to ensure the welfare of employees.

Rate of Contribution: Both employee and employer contributions were discussed, along with the benefits of the schemes.

Governance and Compliance: The role of the EPFO (Employee Provident Fund Organization), PF Commission, and internal PF trusts was elaborated to ensure effective management and compliance.

Salary Components and Exemptions: Detailed the salary breakdown and exceptions under Indian labor laws.

I.T.S School of Management, Ghaziabad organized a visit of 10 students from PGDM (2024-26 Batch) and 01 faculty memberatHotel Le-Meridien, New Delhi to attend12thCII PSE SUMMIT 2024, Viksit Bharat: Transforming PSEs into engines of Sustainable Growth organized by Confederation of Indian Industry.

The students are Mr. Shreyash Singh, Mr.Harsh Chaudhary, Mr.Suraj Kumar, Mr.Ranjeet Tomar, Mr.Vikas Kumar Tiwari, Mr.Praveen Kumar Ray, Ms.Ria Sondarya, Ms.Yashi Maurya, Ms.Vishakha Pal & Ms.Shweta. The Students were accompanied with Prof. Ashutosh Sharma.

The conference started with registration and high-tea followed by Inaugural Session in which opening remarks were given by session chair Mr.Ajit B Chawan, Additional CEO - GeM. Further addresses were given by Mr.Amarendu Prakash, Chairman & Managing Director – Steel Authority of India Ltd., ShriSandeep Kumar Gupta, Chairman & Managing Director - GAIL (India) Ltd., Mr.Rajarshi Gupta, Managing Director - ONGC Videsh Ltd., Ms.Vartika Shukla, Co-Chair, CII PSE Council and Chairman & Managing Director, Engineers India Ltd.,Mr.Chandrajit Banerjee, Director General – Confederation of Indian Industry, Mr.Arun Kumar Singh, Chairman – CII PSE Council and Chairman & CEO  - Oil Natural Gas Corporation (ONGC).

During the inauguration Chief GuestShriHardeep S Puri,Hon'ble Minister of Petroleum and Natural Gas, Government of Indiain his address said that under the leadership of Prime Minister - ShriNarendraModi, India is moving quite fast towards the goal of Viksit Bharat @ 2047. He said that there is a great opportunity in the field of fuel production in India. But India needs to ensure Availability, Accessibility & Sustainability while trying to produce any kind of fuel/Energy.

The Inaugural Session was followed by two plenary sessions on the topics“Embracing Innovation & Digital Transformation” and “Skilling to make employable: Advancing Opportunities through the Prime Minister Internship Scheme” respectively;

•Mr. Rajeev Aggrwal, Director – Technical Engineers India Ltd.

•Mr. Sanjay Kumar Jain, Chairman and Managing Director - IRCTC

•Mr.Anupam Mishra, Director, Fertilizers and Chemicals Travancore Ltd.

•Mr.AlokLall, CEO – Microsoft (Asia)

•Mr. Anil Kumar Bahuguna, Chief SDC - ONGC

All the eminent speakers were presented plaque as atoken of gratitude and respect. The Summit provided a great learning experience and networking opportunities for both faculty and students.

The session aimed to focus on how banks need to address credit and market risk in a structured manner by upgrading their risk management and adopting more comprehensive asset-liability management (ALM) practices. The distinguished resource person was Mr. Heemanshu Kumra, Area Head, RBL Bank Delhi.

The session commenced with honouring the guest, Mr. Heemanshu Kumra, with a plant sapling by Director I.T.S. School of Management. In the session, Mr. Heemanshu Kumra shared his valuable insights on various aspects of ALM and the causes and risk class of NPA. In his session, he has highlighted the causes of NPA with live cases of YES Bank. Further focused on the linking of asset and liability management to NPAs and how the banks control the NPAs to increase the capital adequacy. He has also explained other functions concerned with risk management and provided a comprehensive and dynamic framework for measuring, monitoring, and managing liquidity, interest rate, foreign exchange, equity, and commodity price risks of a bank and the role of credit information bureaus and the asset management companies to control the NPA. Explained role of banks in corporate restructuring and debt restructuring to decrees the NPA. The session was followed by a question/answer round. Where students actively participated in the same.

The session was interactive and able to bridge the gap between the theoretical aspect and the practical use in the industry. The session was concluded by honouring the guest with the plaque as a token of gratitude.

The session commenced with honouring the distinguished resource personMr. Saquib Iqbl with plant sapling and a memento by the Director Dr. Ajay Kumar.Mr. Iqbal started the session with discussion on the concept of cryptocurrencies as decentralized digital currencies, recorded in public ledgers, and emphasized their security through encrypted networks.

Some of the major issues that he highlighted during the discussion were:-

1.      History of Bitcoin, noting that Satoshi Nakamoto introduced it as a peer-to-peer electronic cash system, initiating decentralized digital finance.

2.      He discussed the five main types of cryptocurrency wallets used for storing and managing private keys:

·         Hot Wallet: Requires internet access and allows quick transactions.

·         Cold Wallet: Only connects online for transactions, offering greater security.

·         Desktop Wallet: Software-based and used on personal computers.

·         Web Wallet: Accessed through browsers, offering convenience but with some security trade-offs.

·         Paper Wallet: Physical form for offline storage; highly secure.

·         Hardware Wallet: A physical device for secure, offline storage of private keys.

·         Various types of crypto currencies were introduced, including Bitcoin, Lite coin, Ripple, Ethereum, Zcash, and EOS.IO, with explanations of each currency’s distinctive attributes.

·         The speaker explained the cryptocurrency transaction process, detailing steps such as initiation, verification by the network, and recording on the block chain.

In the end a MOU signing between I.T.S School of Management and 3rd Eye Techno Solutions Pvt. Ltd. This MOU marks the beginning of a strategic partnership aimed at enhancing educational experiences, fostering technological development, and bridging the gap between academia and industry.