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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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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 ?