Following appeared in today’s news papers :
·
Times of India
“
Maharashtra govt amends key Contract Labour Law ,
trade unions upset “
Earlier the
law applied to units with 20 or more workmen. After the amendment in
Maharashtra , it will apply to units with 50 or more employees
·
Business Line
“NSDC to channel donation from private sector angels to the bottom-of-pyramid “
Manish Kumar , MD and CEO , NSDC told Business Line ,
“ Not everyone who gets skilled will get a job. So, we are trying
to encourage entrepreneurship in the candidate
But, in doing so, access to funds is extremely difficult for those
at the bottom of the pyramid
The NSDC is
now working to set up a ‘ Nirvana
Fund ’ that will channel donations from the private sector – basically angel
investments – to fund ventures of selected candidates trained under the Pradhan
Mantri Kaushal Vikas Yojana-2 , but have failed to get a job
The idea
behind calling it ‘ Nirvana
Fund ‘ is that those who have achieved everything they want in life can
put their money in the fund and NOT EXPECT ANY RETURNS “
Unfortunately ,
our problem of unemployment is GIANT
We are adding to our job-seeking population , some 12 million persons every year
So, we added some 36 million in last 3years
During this period , NSDC claims to have trained some 9.2 million youth and helped 3.6 million find jobs ! Barely 10 % !
Good thing
is that NSDC ( - and I suppose , NDA government as well ) has realized that
there is just NO WAY,
we can create that many jobs , either in the Public Sector or in the Private
Sector
Obviously , Self Employment /
Entrepreneurship is the ONLY
ANSWER
But each Self Employed will need an initial investment of at least Rs 1 Lakh, ( ask any
Pan-Beedi Shop owner ! )
For those 12
million persons being added to our working-age population each year ,
that would require Nirvana
Fund to get “ donations “ of Rs 12,000 crores !
Year after year !
Now it is possible that a few ( “ who have achieved everything they want in life “ ) like Narayan Murthy , Azim Premji , Shiv Nadar or Anil Agarwal , may come forward to “ donate “ to Nirvana Fund , Rs 100 crore
worth of their hard-earned WHITE
money , “ NOT EXPECTING
ANY RETURNS “
That won’t take us very
far !
But , if Shri Kumar is willing to accept BLACK MONEY, that can get him Rs 12,000 crore worth of “ donations “ ( and without any expectation for returns ) ,
within 6 months !
All that NDA government
has to do , is to announce :
·
A limited period AMNESTY SCHEME , under which BLACK MONEY can be “
loaned without earning any interest “ to Nirvana Fund ( Minimum amount of Rs 1
crore )
·
No questions to be asked of the “ Loan-givers” , as to the source
of the funds
·
No investigations / no
scrutiny / no litigation / no penalty / total immunity
·
Donations can be in CASH (
obviously the new Rs 2000 notes ! ) or by cheque
·
·
Loaner will provide full
details about himself ( PAN / Aadhar / Bank A/C etc )
·
“Loan Certificates “ to be issued to “ Loan-givers “
·
“ Loan Certificates “ can be
willed to one’s heir or even gifted to anyone else , without attracting “ Gift
Tax “ , either by the giver or by the recipient
·
Original loan amount will be
returned after 10 years
·
If received as a “ Gift “ , on maturity , loan amount will not attract
Personal Income Tax
Remember , only a few months back , small
country of Indonesia managed to “ unearth “ BLACK MONEY “ worth $ 300 Billion ( Rs 21 lakh*crore ) , under an Amnesty Scheme , by levying just
4 % tax ( and no
penalty ) !
There is no reason , given the size of
our BLACK MONEY
economy ( @ 12 % of our GDP ) , why we cannot bring out a similar amount and
deploy in our MAIN STREAM
economy !
If we NEED to grow our GDP at 10 % per annum ,
baby steps won’t do !
What 400 million POOR people
making up our “ Bottom of
the Pyramid “ need – and NOW - is a LEAP from BLACK to WHITE !
And that won’t happen through current demonetization !
Baby steps
just won’t do . We need to take GIANT STRIDES
13 Feb 2017
www.hemenparekh.in
/ blogs
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