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

Now as I approach my 90th birthday ( 27 June 2023 ) , I invite you to visit my Digital Avatar ( www.hemenparekh.ai ) – and continue chatting with me , even when I am no more here physically

Monday, 2 September 2013

Boosting Economy : Reducing CAD

Times of India ( 25 Aug 2013 ) presented following facts about USA prisons :


>    In 2010 , USA prison cost (  $ 80 billion as per Bureau of Justice Statistics )

>    Total Prisoners ...............  1.57 million

>    Average Cost / taxpayer ......................................    $  31,286

>    Ave Cost / prisoner ( in New York / 2010 )................$  60,000

>    Ave Cost / prisoner ( in New York / 2012 )............... $   167,731 ( Rs 115 lakhs / year )

>    Prisoner to Guard Ratio ..............................................2  :  1

>    No of prisoners in NY jails  .......................................12,287

>    Waiting time for case disposal  ...................................95  days


With these kinds of costs , our Commerce Minister should be able to persuade US of A , to " Outsource " their prison system to India , for an annual fee  of $ 40 billion and save 50 % of the cost ! Obama Administration will simply love this idea of cutting back on Government spending !

Here are a few benefits to India :

>   Construction of 10,00 prisons will give a huge boost to construction industry and generate employment for 10 million MNREGA beneficiaries ( creation of permanent capital assets )

>   1.57 million retired Jawans will get employment as prison guards ( personalized service ! )

>   CCTV / Electronic Surveilance industry will get a boost

>   Employment of millions of cooks / clerks / sweepers etc

>   A boom to " Prison-Supplies " industry

>   A huge foreign-exchange earning

>   If FDI in " Prison Industry " is allowed upto 100 % , that would make Foreign Institutional Investors to rush to India !

Clearly a win - win situation for both the countries !     



----  hemen 

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