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

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hemen  parekh

25  Dec  2015

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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 ) :


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