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

Thursday, 24 December 2015

Ditch Historical Baggage !


In Aug 2015, SIDBI launched a Rs 2000 Cr " Fund of Funds ", to support Venture Capital Funds

By now, proposals from 24 VC Funds for an aggregate amount of Rs 930 Cr have been cleared

A report in Economic Times ( 23 Dec 2015 ) quotes Shri Mohandas Pai :


" If Rs 10,000 Cr is given as seed capital, it can enable at least 30,000-35,000 Start Ups with the multiplier effect in the next 5 years, with a total impact of Rs 60,000-70,000 Cr on the economy "


Now , what can Rs 20,000 Cr manage to do ?

Simple but compelling arithmetic !

If Mr Pai was our Finance Minister , he would :

*   Sell of 53 loss-making PSUs ( or at least close them down )

*   Save Rs 20,000 Cr of losses these PSUs have been making , year after year

*   Invest this Rs 20,000 Cr in " Fund of Funds "

*   Help create 60,000-70,000 new Start Ups

*   Add 700,000 new jobs ( @ 10 jobs per Start Up ? )

*   Boost economy by Rs 140,000 Cr ( Capital Output Ratio of 1 : 7  )

But , if we are really keen to help create millions of Start Ups to raise India's GDP from Rs 2 Trillion to Rs 10 Trillion in the next 10 years, then Rs 20,000 Cr just won't suffice  !

We would need Rs 20 Lakh*Crores ( 100 times more )

Not possible for Union Government to raise that kind of money - either by borrowing or by raising taxes

But not at all difficult for 3 crore tax payers , if we

*   Abolish Personal Income Tax

*   Introduce Black Money Investment SPVs

Read following blogs ( sent to all Ministers / Chief Ministers ) at ,

www.hemenparekh.in,

*  A New Economic Order / Start Up Act - 2015

*  Create Wealth to Create Jobs

*  Agenda  for  Reforms

-----------------------------------------------------------------------------------------

hemen  parekh

25  Dec  2015

-----------------------------------------------------------------------------------------

Make    Yourself    Heard

Dear Visitor :

It is time for YOU to speak up - and demand that YOU are heard

By emailing this suggestion - incorporating your OWN improvements - to the following Policy Makers

(  Just multiple copy all the following Email IDs into the Recipient column of your Outlook and Copy / paste this suggestion in the Message Box ) :


    narendramodi1234@gmail.com; 38ashokroad@gmail.com;ajaitley@del5.vsnl.net.in; jayant.sinha19@sansad.nic.in;piyush.goyal@gov.in;nitin.gadkari@nic.in; spprabhu1@rediffmail.com;bandaru@sansad.nic.in;smritizirani@nic.in;nsitharaman@nic.in; ravis@sansad.nic.in;sureshprabhu@irctc.co.in;prakash.j@sansad.nic.in;secy-ipp@nic.in; amitabh.kant@nic.in; shaktikanta.das@nic.in; rsecy@nic.in; adhia1981@gmail.com; ceo-niti@nic.in; atul-chaturvedi@nic.in; uma.bharati@sansad.nic.in; d.pradhan@sansad.nic.in; rprudy.office@gmail.com; rudypr@rediffmail.com; eam@mea.gov.in; mosvks@mea.gov.in; mvnaidu@sansad.nic.in; mnaqvi@sansad.nic.in; rao.inderjit@sansad.nic.in; mljoffice@gov.in; sadananda.gowda@sansad.nic.in; ministerminority@gov.in; najmah@sansad.nic.in; minister-ca@nic.in; ramvilas.paswan@sansad.nic.in; gandhim@sansad.nic.in; akumar-alpha@sansad.nic.in; jpnadda@sansad.nic.in; hm.moca@nic.in; geete@sansad.nic.in; simratbadal@yahoo.com; ns.tomar@nic.in; rmsingh@sansad.nic.in; tc.gehlot@sansad.nic.in; dr.harshvardhan@sansad.nic.in   




No comments:

Post a Comment