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FROM GREED TO GREAT ?

In my blog of 18th Sept , I had estimated BLACK MONEY disclosure of ( may be ) , Rs 40,000 crores , under

Undisclosed Foreign Income and Assets Act - 2015

That would have netted Government , Rs 24,000 Cr by way of tax / penalty

I was way off the mark !

The 3 month opportunity window closed two days back , with a disclosure of Rs 3770 cr , by 638 persons , netting Govt Rs 2262 cr !

Quite like , " Digging the Mountain to find the Mouse "

Now , some knowledgeable persons / organizations have estimated that the amount of BLACK MONEY stashed away domestically , could be close to,

Rs 25 Lakh*Crores !

But then , man-on-the-street guesses that to be Rs 100 Lakh*Crores !

Time and again , that common man have proved the pundits wrong !

I suppose , the common man knew all along that half-hearted amnesty schemes are bound to fail , as in the past

But pundits refuse to learn from their past mistakes !

They refuse to recognize that nowhere in the World , any Government has succeeded at any time to legislate the GREED away !

And fail to understand why NDA government is hesitating to harness the unlimited power of SUN - the almighty SUN OF GREED

By :

* Abolishing Personal Income Tax ( source of the DARKNESS of

CORRUPTION )

* Stop asking any questions as to the " Source " for all cash deposits

made into bank accounts opened under Jan Dhan Yojana

* Levy a Bank Transaction Tax ( BTT ) of 2 % to yield revenue of

Rs 15 lakh*crores , which would be 5 times the loss of revenue due to

abolition of Personal Income Tax

* Encourage deposits made into Jan Dhan bank accounts to be invested in

SOLAR POWER SPV Farms , by direct depositing of income derived (

from sale of electricity to DISCOMs ) into those bank accounts

NDA is planning to harness 100 GW of Solar Power by 2020

If above-mentioned suggestion is implemented , India could harness ,

1000 GW of Solar Power by 2020 !

Just imagine what that could do to GDP / SELF-EMPLOYMENT / CLIMATE

Let us harness GREED to make INDIA GREAT !

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hemen parekh

02 Oct 2015

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Start-Up Eco-Systems / USA vs INDIA

Whereas there is a lot to learn from Start Up Eco-System of Silicon Valley , it cannot be blindly replicated in India

Here is why :

In Silicon Valley , a typical start up has its roots in Internet

These are web sites / mobile apps focusing on,

* E Commerce

* Social Media

* Price Comparison

* Geo-location

* Dating

* Buying - Selling

* Causes...................etc

In India , we are talking of getting " Unemployed " to launch " Start Ups "

Anywhere between 100 million to 400 million " Unemployed " for whom neither Public Sector nor Private Sector , is in any position to create jobs

We want them to become " Self Employed " - what Shri Narendra Modi described in USA , as our " Personal Sector "

They are unlikely to launch Web-based businesses , even if their businesses will require them to have a Smart phone , on which , their customers can reach them

They aspire to become :

* Street-side Vendors ( Vegetables / shoes / purses / Fruits / trinkets )

* Craftsmen ( Plumber / Electrician / Carpenter / Repairer )

* Dhobi / Barber / Pan Beedi shop-owner / Tailor / Mochi

* Doodh-wala / Ruddi Paper-wala / Gajra-wala / Delivery Boy

* Cook / Maid / Courier / Tuition teacher / beautician / Taxi Driver

* Home-cooked Tiffin Service / Car wash / Gardening

The contrast ( from Silicon Valley ) is striking !

How can we help millions of jobless to set up such micro businesses ?

As USA entrepreneurs advised :

By Government ( Central / State / Municipal ) getting out of their way !

How ?

* No licenses / permits / approvals / registrations

* No personal Income tax ( a dejure recognition of a defacto situation )

I hope Policy Makers will think " Out of Box " and implement ,

Start Up Act - 2015

Anything less just won't make much difference !

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hemen parekh

01 Oct 2015

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Saturday 26 September 2015

WHEN IS RANK # 1 BAD ?

Only yesterday , UN member countries adopted UN Sustainable Development Goals for 2030

It calls for elimination of poverty and hunger from the World in next 15 years

Today , there are 795 million hungry people in entire World

Of these , India tops the list with 195 million hungry

Wrong parameter in which to get Rank # 1 !

And since India's population is growing by 15 million people each year , there is no threat anytime soon , of India losing its first rank !

But without a job , hunger cannot be wished away

In India's Employment Exchanges alone , 43 million jobless youth are waiting for an interview call - a call that never comes !

Can these Job-Seekers be converted to Job Creators ?

By making them , " Self Employed " micro enterprises ?

As per one estimate , today some 30 million MSME in India are providing jobs to 60 million persons ( ave of 2 per MSME )

So , if these 43 million are given loans of Rs 5 lakh each to start their own businesses , they will create 86 million jobs !

May be this is what Shri Narendra Modi had in mind , when in UN General Assembly yesterday , he said :

" The world speaks of private sector and public sector. In India, we have defined a new personal sector of individual enterprise, micro enterprises and micro finance, drawing also on the strength of digital and mobile applications. "

Could he have added ?

" When we continued to tinker with umpteen processes for the past 30 years , China's GDP grew to $ 10 Trillion , when India is struggling to reach $ 2 Trillion !

If we cannot prove that ECONOMIC REVOLUTION can be made to happen in a DEMOCRATIC set-up , hungry people around the World will lose faith in Democracy !

If , in a democratic frame work , Silicon Valley Start Ups can take USA GDP to $ 17 trillion , so can we . And we will "

Understandably , UN is not the forum where he could spell out the details

I hope , that consists of enacting :

" Start Up Act - 2015 "

( which I am lobbying for past few months )

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hemen parekh

27 Sept 2015 ( 17th Anniversary of Google Start Up )

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Friday 25 September 2015

TREADING THE BEATEN PATH ?

You may also call it , " Path of the Calf " , a beautiful old poem by ,

Sam Walter Foss ( 1858 - 1911 )

The crooked path that a lonely calf cut through the dense jungle , 100 years ago

Men followed / horses followed / carts followed / vehicles followed

Till it became a Inter State highway !

But still crooked !

Sure , it does take you where you want to go - except it takes a long time !

I was reminded of this while reading a news report which said :

* MUDRA bank has disbursed Rs 24,000 cr to 27 lakh jobless youth to start

micro businesses . On an average , less than Rs 1 lakh per person

* In 2015-16 , it plans to distribute loans to 1.25 crore jobless

* Assuming same ave amount , that would mean Rs 1.25 crore*lakh

Now recall following :

* Some 4.3 crore youth are registered with 900 + Employment Exchanges

of India . Perhaps twice as many have not even bothered to register ,

since it will take 300 years to clear the present backlog , at the rate at

which these exchanges are able to find jobs ! So , a total of 13 crore ?

* Some 40 crore Indians are below the poverty line . Even if only ONE in

FOUR , wants to start a micro business , that means 10 Crore persons in

need of MUDRA loan ?

* So , even if Rs 10 Cr*lakh could be mobilized , it may take 8 / 10 years

to give loans to these 10 / 13 crore jobless !

Now it was only yesterday that , in a meeting with America's top CEOs in New York , Prime Minister Narendra promised to fast-track the decision-making process, acknowledging that ,

" the world is not going to wait for us ".

I have a feeling that crores of jobless Indian youth are also unwilling to wait

for 10 years !

Instead , here is what NDA government need to do :

* Enact " Start Up Act - 2015 " suggested earlier

* Abolish Personal Income Tax for Start Ups registering on web site of

Income Tax department ( must file ZERO TAX return for 10 years )

* No questions asked re source for all investments made in Start Ups ,as

long as this cash gets deposited in the bank account of that Start Up

This will ensure that , within ONE YEAR , 30 crore bank accounts opened under Jan Dhan Yojana , will each get credited with Rs 1 lakh !

Rs 30 Crore*Lakh of BLACK MONEY , will suddenly become WHITE and PRODUCTIVE !

Let us stop trudging along the " Path of the Calf " !

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hemen parekh

26 Sept 2015

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Thursday 24 September 2015

SIMPLE SOLUTION for STEMPEDE ( call it #3S )

Yesterday , some 717 persons died in a stampede during Hajj pilgrimage at Mecca

In 1990 , some 1400 had died at the same place in another stampede

This phenomenon repeats itself at regular interval , at most holy places around the World , but especially in countries with poor arrangements for handling of millions of people , in a small place , over a short time

Saudi Arabia has , over the past few years , vastly improved its facilities for coping with 3 million pilgrims walking thru Mecca , in one week

But , given its vast resources , it can certainly do much better

Stampedes occur when , in a narrow path , some people make a run ( rush ) , for whatever reason , trying to overtake people in front walking normally

The surest - and the safest - way to prevent stampede is :

Simply ensure no one can outrun persons walking in front !

Eminently possible !

Just install , one above another ( vertically ) , several rope-ways with hanging chairs for 2 persons per chair , safely secured by belts

All rope-ways picking up pilgrims at the Boarding Station and then dropping off at the Disembarkation Station , on the opposite side

Each platform on either side of the Rock of Satan

Each rope-way moving at variable speeds controlled by CONTROL ROOM

Pilgrims throwing stones from above on the Rock of Satan , from their chairs

Stones being collected automatically in moving conveyors and delivered to a hopper in the STONE LOADING ZONE , for loading onto the moving chairs

Like a pin-ball machine , each chair carrying 7*2 pre-loaded stones

At other places , this concept of horizontally moving conveyors carrying stationary persons , can be replicated with some variations

Given the wealth of Saudi Arabia , the rope-ways or horizontally moving conveyors , can even be enclosed in air-conditioned glass tubes , from which , pilgrims can view all holy places without leaving their chairs !

And they can throw stones at the Satan , by simply pressing a button on the right hand arm rest of their chair !

This automatic arrangement will make it possible for the Authorities enable sick / old / children to perform the pilgrimage !

It may even attract visitors from all over the World (including non-muslims ) to travel to Mecca , around the year !

Annual income of the Kingdom would go up from $ 4.5 billion to $ 10 billion !

Will Dr Mahesh Sharma ( Minister for Tourism / Govt of India ) , consider this idea for Maha-Kumbh Mela / Tirupati / Sai Dham , Shirdi / Sinhasth Kumbh , Nasik etc ?

May be Shri Narendra Modi , while talking to American CEOs in San Jose today , convince them to come forward with an investment of $ 5 billion at our holy places , to transform Make in India into Incredible India !

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hemen parekh

25 Sept 2015

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Thursday 1 October 2015

AGENDA FOR REFORMS

AN OBJECTIVE GOVERNMENT ?

Don’t Disclose Donations [ 3 D ]

Electoral Bonds for Transparency ?

Block Chain for Voting ?

Artificial Intelligence to fix MP / MLA Salary ?

Too Many Cooks , spoil the Broth ?

Unique ID for Every Enterprise ?

Simultaneous Polling

Candidates / Spouses / Kids : Assets ?

Estonia : Our Gateway to World ?

World record in Nepotism ?

Self Employed Indians inherit the Earth ?

Safeguarding Existing Jobs ?

Miracle of Self Employment

Who are the Unknown ?

Car Grave-Yard of World ?

One to One translation ?

PERT for Digital Dashboard

Two Years in the Making ?

ECommerce : Broad Policy / Elements

Highways to Hyper-loops

Black Money : Solution at last

FROM GREED TO GREAT ?

Start-Up Eco-Systems / USA vs INDIA

Saturday 26 September 2015

WHEN IS RANK # 1 BAD ?

Friday 25 September 2015

TREADING THE BEATEN PATH ?

Thursday 24 September 2015

SIMPLE SOLUTION for STEMPEDE ( call it #3S )