Friday, 22 January 2016

HAVE A DEGREE : WILL SWEEP



Some 19,000 graduates / post graduates who have applied for the job of sweepers in Amroha Nagar Palika , seem to be saying just that  !

But only 114 of these BA / B Sc / MA / MBA / M Tech  grads will get those jobs !

Rest will join the rank of 3.5 million graduates who join our work force each year - to remain jobless

Now , I am not saying that the job of sweeping streets is " below the dignity " of anyone

Why , even our Netas do it , if there is a TV camera around  !

But take a look at the following news ( DNA / 11 Sept 2015 ) :


Against 368 vacancies of " Peons " advertized by UP Govt , applications received were as follows :


*  Total Number of applicants.............. 20 lakh

    {  5,435 applicants for each post  ! }

*  No of PhDs....................................  201

*  No of Master Degree holders............ 20,056

*  No of Bachelor Degree holders.......... 1,23,000

*  No of 12th Standard pass................. 6,00,000

*  No of 10th Standard pass................. 8,20,000

   { Minimum prescribed Edu Qualification = 10th Standard }


This scenario repeats , month after month , year after year  !


The only hope for these millions of Graduates / Post Graduates,  is to apply for admission to some 15,000 Industrial Training Institutes ( ITIs ) for getting " trained " as Electricians / Plumbers  / Carpenters / Masons etc ,in order to acquire " skills " which will enable them to get " Self Employed "

But the problem is :

*   None of these " re-skilled " jobless will qualify as a " START UP ", under Start Up Action
     Plan announced on 16 Jan 2016

      
*   To start  " Self Employment " , no bank will give them a loan  of Rs 1 Million, with ZERO
     interest for first 10 years , and without requiring any securities


For turning 10 million jobless into 10 million " Self Employed "(@ loan of Rs 10 lakh each ) , would require  EACH  YEAR ,  disbursement of :


Rs  10 LAKH*CRORES  !


Government just does not have that kind of money

But  BLACK MONEY  hoarders have  !

All we need to do is to " INCENTIVIZE " them to help start a " NEW ECONOMIC ORDER " , where Self Employment is not merely encouraged but it is CELEBRATED  !

It does not require passing of any bill in Rajya Sabha to declare :

*  No questions asked , as to the source , for any CASH deposited in Jan Dhan Bank A/C ,
   provided that account holder , first registers on Income Tax Department web site as a "
   Self Employed " person

*  All payments made out from such " Self Employed " accounts , must be by Cheques /
   Credit - Debit Cards / RuPay Cards / Mobile Wallets / Electronic Transfers etc

*  Levy of a 2% Bank Transaction Tax ( BTT ) on all such payments

*  Total abolition of Personal Income Tax for these " Self Employed "

*  Self Employed barred from any loans from banking system

*  Self Employed not eligible for any incentive / subsidy from Center / States


If it does not sound politically correct to call this initiative an " AMNESTY  SCHEME ",

then call it , " SELF  CAPITAL  SCHEME " / " ECONOMY KICK-START SCHEME "


When ,

*  The entire World is set to lose 11 million jobs in next 5 years

*  World Economy is in a downward spiral

*  International Trade is shrinking

*  Jobless / Economic migrants are marching onto Europe / Australia

*  Resentment / Intolerance are mere manifestation of jobless poverty ,


This is the  ONLY WAY , India can make 21st Century , an Indian Century  !

I hope Shri Narendra Modiji - and his colleagues in Cabinet - has the political will  to introduce this in the forthcoming budget on 29 Feb 2016 !

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

hemen  parekh

23  Jan  2016

www.hemenparekh.in / blogs

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

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