Explanation:

Both statements are correct.

• The Ministry of Culture, Government of India, on the occasion of the 46th Session of the World Heritage Committee Meeting, which is being held in New Delhi from 21st-31st July 2024, has initiated Project PARI (Public Art of India). 

• The Project PARI (Public Art of India) aims to stimulate dialogue, reflection, and inspiration, contributing to the dynamic cultural fabric of the nation.

• It provides a platform to uplift the aesthetic and cultural outlook of Delhi while adding grandeur to the rich historical legacy of our national capital.

• The representation of Art in public spaces is particularly significant as it showcases the nation's rich and diverse cultural heritage. 

• The proposed sculptures being created for Project PARI include wide-ranging ideas such as paying tributes to nature, ideas inspired by the Natyashastra, Gandhi ji, toys of India, hospitality, ancient knowledge, Naad or Primeval Soun, Harmony of life, Kalpataru – the divine tree, etc.

• Women artists have been an integral part of Project PARI and their participation in large numbers is a testimony of Bharat’s NARI SHAKTI.

• This initiative is being executed by the Lalit Kala Akademi, an autonomous institution under the Ministry of Culture.

Hence option 3rd is correct.