Hi Friends,

Even as I launch this today ( my 80th Birthday ), I realize that there is yet so much to say and do.

There is just no time to look back, no time to wonder,"Will anyone read these pages?"

With regards,
Hemen Parekh
27 June 2013

Friday, 19 October 2018

Thank You , Captain Amrinder Singhji










Thank you for reading my following emails :

·           10  Nov  2017   /  #Smog in Brain ?  )

·           20  Nov  2017   /   Amrinder Singhji has no excuse !


and accepting my solution for “ stubble burning “ , where I had suggested as follows :




Now consider this :

·         Between harvesting paddy and sowing wheat, there is a 15 day window


·         One pair of machines ( described above ) can work 6 / 7 acres/day


·         That is 100 acres in 15 days ( with one pair )


·         Paddy Stalk needs to be removed from 30 lakh acres, in 15 days


·         That means , Punjab needs 30,000 pairs of machines ( for 15 days )


·         One pair costs Rs 2 lakhs


·         So , 30,000 pairs will cost Rs 60,000 lakhs ( Rs 600 crores )


·         In Maharashtra , nearly 80 lakh farmers will get farm-loan waiver amounting to Rs
          34,000 crores


·         In UP , 12 lakh farmers got farm-loan waiver of Rs 36,000 crore


·         Who can believe that Shri Amrinder Singhji ( CM – Punjab ) cannot find Rs 600 crore to
          create a FARM HELP SPV , which will own those 30,000 machines and let farmers rent
          out @ Rs 10 / day ?


Fast forward to following infographic in today’s Times of India



Why Punjab Faces a Tough Fight to End Stubble Burning

Extract :

#  Action Plan

·         Punjab plans to spend Rs 665 crore on providing straw management machinery

·         24,315 machines will be given to farmers and Co-Op Societies this season

·         Machinery given at 80 % subsidy to Co-Op Societies and 50 % to individuals



#  Subsidizing Equipment

·         Total subsidized farm equipment given so far…………………………….  7,337

·         Machines given to individual farmers……………………………………………  2,819

·         Machines given to Co-Op Societies………………………………………………… 2,144

·         Machines given to Custom Hiring Centres ( CHCs )……………………..  2,374


  =================================================

Or , should I say,

Thank You , Shri Jaitleyji ,


for fulfilling your following promise made in last budget speech :


“ Air pollution in the Delhi-NCR region has been a cause of concern.

A special Scheme will be implemented to support the efforts of the governments of Haryana, Punjab, Uttar Pradesh and the NCT of Delhi to address air pollution and to subsidize machinery required for insitu management of crop residue.



20  Oct  2018


In IoT age , what is the future of privacy ?




In one word :  Bleak



Here is proof :



 

Extract :


That’s the idea behind Water.io, a hardware company that’s working on a range of “smart caps” that keep track of how much stuff is left in a container.


The caps will tell you if you’re hydrating enough, track whether you’re taking all your pills — and, yes, put in orders when you’re running low on soap.


But in the end, it’s just one more way for retailers to collect data about your shopping and consumption habits.

Water.io CEO Kobi Bentkovski spelled out the vision in a new interview with Fast Company.

“We are enabling the brands of consumer packaged goods to get data from their products,” he said.

“The moment they know who their customers are, how customers are using a product, and when the product is going to run out is the moment they can compete with Amazon and the private brands of the retailers.”



Following persons / groups / authorities , have shown concern about the privacy of the mobile phone users who provide their Aadhar ID to TELCOs for e-KYC .


After visiting Water.io website, they may want to ask of themselves :


 Under proposed DATA  PROTECTION  LAW , shall we ban Indian manufacturers of millions of
   Consumer Goods , from using this “ invasive “ technology ?


   And then, how can we stop Indian consumers from using imported consumer products using
   this technology ? “



·         Government Policy Makers
·         Supreme Court
·         COAI
·         DoT ( Telecom Ministry )
·         UIDAI
·         B N Srikrishna Committee
·         PM-EAC
·         PM-STIAC


20  Oct  2018




Thursday, 18 October 2018

Costing Plays a Key Role





Following news report appeared in Times Of India :







Extract :


"In that sense, you ( ICMAI ) have a very important role to play , both as an institute and all your 70,000 members , to ensure that we prepare the country to manufacture , to provide services at the right cost for us, which is competitive, which adds value , which encourages more business  “ , said Goyal


He further said that "costing has been one of the most important element of success or failure and I can recall so many instances , when we have been able to make projects successful in the last four and half years , when we have kept focus on cost


Also, Goyal said that one can make a fancy, high quality product with beautiful design but if the pricing is not competitive, then it will remain a pipe dream


 
Dear Shri Goyalji,


You have hit the nail on the head !


Unless we  manage to turn India, into a “ LOW  COST  ECONOMY “, we cannot compete in the looming age of “  Trade Wars “ ( aka , “ a dog eat dog “ battle of “ survival of the fittest “ )


And the Cost Accountants can help the manufacturers to analyze a PRODUCT COST into its following constituent “ Cost Of  ( Input …….. ) “ :

·         Money
·         Land
·         Machineries
·         Materials
·         Manpower
·         Energy
·         Compliance
·         IT / Communications
·         Transport / Logistics
·         Training / skilling
·         Systems / Procedures
·         Technology Acquisition…..etc


Once manufacturers get to know “ %age of each component of the cost in the total Product Cost “ , next question is :

  How to go about reducing costs of each of these elements – without lowering product quality  ? “


Such a “ INPUT COST ANALYSIS “ would need to be carried out for each industry separately since the “ Input-Cost Percentages “ vary widely, from one industry to another


Eg :

·         Engineering industry may have “ Material Cost “ of 50 - 60 %

·         Telecom Industry may have “ Machinery Cost “ of 70 – 80 %

·         IT / BPO  Industry may have “ Manpower Cost “ of 60 – 70 %


I have no doubt that ICMAI is competent to carry out such an analysis every year and plot the results graphically to see which industry needs to lower its costs – and for which cost element


I believe it should be possible to develop a software which can carry out such an analysis automatically ( from Annual / Quarterly Reports ? ) and publish for viewing . May be there are many other sources from which such data can be compiled on a dynamic basis


It should also be possible to carry out such “ INPUT COST ANALYSIS “ for industries of countries which are competing with our own industries , in the export market


If for example, our garment exporters are unable to match the low prices being quoted by the garment manufacturers of Bangladesh / Philippines, such an analysis might reveal that their “ Cost of Money ( Bank Interest Rate ) “ and “ Cost of Raw Material ( Fabric ) “, is way below what our manufacturers have to bear


I suppose , some such “ INPUT  COST  ANALYSIS “ must be already happening for taking “ ANTI  DUMPING  DUTY  “ related decisions  


Such “ Business Analytics “ would provide very valuable inputs to the government Policy Makers for quick “ Course correction



Dear Shri Amit Apteji  [ President , ICMAI  ]




I urge you to forward this mail to the 70,000 members of ICMAI , asking for their views on ,

  How to make India , a Low Cost Economy ? “


Please consider this project as your Institution’s own Corporate Social Responsibility [  CSR  ] initiative



I am sure they have many more – and concrete – suggestions beyond what they will find in my following blogs :


Level Playing Field ?    ………………………………………………………………………………..[  11 June  2016  ]

 


How to break the vicious circle ?   .........................................  …………….[  03 July 2016  ]


Teach them to fish   ……………………………………………………………………… …………… [ 05 Nov 2016  ]


Automation is Inescapable   ……………………………………………………………………………[ 30 Nov 2016 ]

Gist :

Reduce " Cost of Inflation " by limiting  " Annual Wages-Salaries Increases " to 75 % of

the  preceding year's GDP number ( ie: if GDP for 2015,  is 8 % , maximum salary /

wage increase  that can be granted on 01 April 2016 , will be 6 % ) . 



How much capital needed to create ONE job ?   …………………………   ……………[ 22 June 2017  ]


Solar Power at Re 1 / kwh ?   ………………………………………………………….             [ 29 Jan 2017   ]


Unlimited Power and around the clock   ………………………………………….             [ 29 July 2016  ]


Universal  Basic  Income   ……………………………………………………………….. ……………[ 20 Jan 2017  ]


Can Indian IT re-invent itself  ?   …………………………………………………….. ……………[ 03 Feb 2017  ]


HOW CHINA MAKES CHEAP ?   ……………………………………………………………………….[ 08 Nov 2014  ]

 

" BACK FACTORY " OF THE WORLD ?   …………………………………………………………..[ 09 Sept 2015 ]

 

 

How to Boost Economy    ………………………………………………………………………………[ 20  Sept  2017 ]

 

In a State of Denial ?   ………………………………………………………………………………….[ 22  Sept  2017 ]

 

What would happen ?   ………………………………………………………………………………….[ 29  Sept  2017 ]

 

Discovering the Obvious ?    …………………………………………………………………………..[ 30 Nov 2017  ]

 

Not Good Enough !   ………………………………………………………………………………………..[ 02 Dec 2017  ]

 

Saving Jobs : Creating Jobs   ………………………………………………………………………… [ 19 Dec 2017  ]

 

Free Electricity ? Possible   ……………………………………………………………………… ….[ 28  Dec  2017  ]

 

Of Interns and Apprentices   ………………………………………………………………………….[ 07 Jan 2018  ]

 

Whose Interest ?    ………………………………………………………………………………………..[ 26  Jan  2018  ]

 

Car Grave-Yard of World ?    ………………………………………………………………………   [ 14  Feb  2018  ]

 

Modiji’s ( incomplete ) Message !   ……………………………………………………………….  [ 13 Mar 2018  ]

 

A  TradeWar  Epidemic  ?    ……………………………………………………………………………  [ 22 Mar 2018 ]

 

Thanks  for  Speaking  Up  !   ………………………………………………………………………… [ 27 Mar 2016 ]

 

A  Robotic  Invasion  ?     ……………………………………………………………………………   [ 19  Apr 2018  ]


An Important Challenge ?    ………………………………………………………………… .[  01 July 2018   ]

 

The E Commerce Elephant    ……………………………………………………………………………[ 02 Aug 2018 ]

 

This email is being sent to “

·         The Cabinet Ministers

·         NITI Aayog

·         PM – EAC

·         PM – STIAC

·         Think Tanks

 

19  Oct  2018

www.hemenparekh.in / blogs