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

Wednesday, 4 May 2016

Long Way to Go ?

Most of us listened to the debate in Rajya Sabha yesterday , re Augusta Scam

One thing emerged , time and again , viz:

Tender Specifications got " tailor made " to suit Augusta and to rule out all competition

Now , after coming into power in May 2014 , NDA government has taken a few steps to eliminate such " built-in biases " from the tendering process and make it transparent

While appreciating that " Negotiation Process " ( after receipt of the offers ), cannot be carried out publicly , I believe , there is still , a long way go  to improve the tendering process , as per my following suggestion , sent to Shri Narendra Modiji , on 06 Nov 2014 ( as email and hard copy ) :



( blog date : 21 April 2014 )

Early this week , Supreme Court held that , CAG ( Comptroller and Auditor General ) has the right - and obligation - to conduct an audit of telecoms

WHY  ?

>   Spectrum is a natural resource that belongs to the nation

>   Private telecom companies have a revenue-sharing agreement with the
      Central Government , for allowing them to " exploit " this natural
      - and national - resource


>  This logic should also hold good for all private companies , who are
    allowed to exploit India's NATURAL / NATIONAL resources , to create
    materials / energy

    Here is a partial list :

    *  Fossil Fuels ( Oil / Gas / Coal )

    *  Minerals

    *  Sea-bed Nodules

    *  River Waters

    *  Wind

    *  Tides

    *  Sunlight

    *  Sea Water

    *  Jungles / Trees

    *  Earth's Magnetism

    *  Electromagnetic Waves

    *  Gravitational Force.....etc

HOW  ?

*  Tendering process must be public / transparent / equitable

*  Tender terms must be open for scrutiny/comment  by public

*  All resource-exploitation licenses must follow auction route

*  Eligibility Criteria must be pre-defined / publicized in advance

*  Licenses should be valid for pre-defined fixed period

*  Licenses cannot be renewed / extended

*  Concerned States must have a share in profit-sharing etc

*  Profit - sharing formula must be part of tenders

*  Any failure / delay on part of the Licensee Company to implement the
   Contract , will require return / surrender of the natural resource
   concerned , to the Central Government, with appropriate penalties

*  Natural Resource involved , cannot be hypothecated to banks / financial
    institutions to raise loans

*  Shares of the licensee companies cannot be traded in open market or

     pledged , without prior permission from Central Government

*   CAG Audit will be mandatory and reports must be published

*   Tendering / Auctioning / Licensing must not be handled by any Govt
     Department . A separate statutory authority should be created for this

*   To encourage early / fast implementations of Exploitation Licenses , there
     will be no Corporate Income Tax for the Licensee Companies

*   Each license will be given only to a SPV , created for this purpose

*   Cost-escalation leading to any Selling Price Escalations would be pre-


*   Had we followed the above-mentioned process , perhaps , we could have
     avoided several scams of recent past and KG-D6 type  disputes

*   We could have also avoided ,

     #   Arbitrary price escalations

     #   Inflation

     #   Private profiteering

     #   Costly litigations

     #   Policy and Decision Paralysis


www.hemenparekh.in  /  blogs

05  May  2016


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