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

Wednesday, 23 April 2014

Wrong Business ?



Talking about Narendra Modi's " Crony Capitalism " , Rahul Gandhi said ,


"  During 12 years of NaMo's rule in Gujarat , Gautam Adani's companies '
assets  ( or did he mean , Market Cap  ?  or Revenue  ?  it does not matter )
went up from Rs 3000 crores to Rs 40,000 crores  "


That is a CAGR ( Compounded Annual Growth Rate ) of 25 %


Now look at the assets declared by the Congress Candidates of the current Lok Sabha elections ( Let us not inquire re:  Undeclared Assets !  )


Within 5 years ( from 2009 to 2014 ) , the average assets of these Congressmen , went up from Rs 4.87 crores to Rs 54.38 crores  !


That is a CAGR of 62  %  !



So , which is a better business  ?


>  Building Nation by  building Ports , Power Stations , Infrastructure etc  ?



OR



>  Fooling Nation by robbing its precious natural resources , such
     Spectrum , Coal , Gas , Minerals , etc  ?


>   Not revealing the names of 50 individuals who have stashed away black
     money in German Banks - and whose names , German Government has
     provided 3 years back ?


>   Promoting " Crony Relative-ism " when it comes to buying government
      land for Rs 1 lakh / hectare and selling for Rs 100 lakhs / hectare  ?



Gautambhai ,



Obviously , you are in the wrong business  !


Switch over to sycophancy  !


Enjoy a CAGR of 200 %  !


Then , like late Babu Jagjivan Ram , don't file your Income Tax Return for next 10 years - and , if reminded , say , " I just forgot "  !



*   hemen  parekh  (  24  April  2014  /  Mumbai  )




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