Congratulations, Shri Surjit Bhallaji,

For a very practical and equally bold suggestion of introduction of a one-time AMNESTY SCHEME for undisclosed income , named ELEPHANT BONDS

Read :

Export Growth Target Of 10% A Year Achievable, Says Government Committee 

I have suggested such a scheme, repeatedly in the past ( details at links below )

Following is a comparison between what the Govt Committee ( headed by Shri Surjit Bhallaji ) recommended and my own past suggestions :

=========================================================

                          

AMNESTY  SCHEME  FOR  UNDISCLOSED  INCOME

=========================================================

Parameter	Govt Comm. Recommendation	Summary of my past Suggestions
Name of Bond	Elephant Bond	Infrastructure Bonds / SPV
To be used for / Purpose	Infrastructure Investment	Infrastructure Investment
Amount of declared Income	No limit ( ? )	No limit
Rate of Tax on declared Income	15 %	0 % [ In 2017, Indonesians disclosed $ 342 Billion by paying just 2-4 % tax – no questions asked / Tax collected from 745,000 persons amounted to $ 2.3 Billion ]
Minimum % age of declared Income to be mandatorily invested in Infra Bonds	40 %	100 %
Interest that Bonds pay	5% (credited after 20 years )	5 %
Period of Lock-In	25 years	10-15  years

In the past , I have sent following emails to our Cabinet Ministers / NITI Aayog etc :

Magic Wand  ?                                          [ 09 June 2011 ]

Prime Minister Who Listens                        [ 03 Dec 2016  ]

Indonesia Shows the Way                          [ 23 Dec 2016  ]

One Infrastructure SPV ? More will follow     [ 20 Mar 2017  ]

What Goes Out , Comes Back ?                   [ 05 May 2017 ]

Why a Begging Bowl ?                                [ 08 May 2017 ]

Private Sector in Infrastructure ?                 [ 28 July 2017 ]

Nibbling on Crumbs ?                                 [ 08 Aug 2018 ]

#FiscalDeficit / #IndianEconomy ?              [ 18 Oct 2017  ]

But , Where is the Money ?                         [ 01 Dec 2017 ]

Thanking You in Anticipation !                     [ 24 Jan 2018 ] ( Links of 22 Emails )

 

“ Under a BLACK MONEY AMNESTY SCHEME , all hidden income deposited in Infrastructure Bank Accounts ( similar to Jan Dhan Accounts ) , can only be used for investing in Govt Infrastructure SPVs , with a lock-in period of 10 years and all interest / dividend to be only credited to such Infrastructure Bank Accounts and no money can be withdrawn from such accounts for specified period “

 

======================================================

The ELEPHANT BONDS recommended by Shri Surjit Bhallaji, should be read in the context of the following news report which appeared today :

Policy push needed to foster investments in infra sector, says outgoing Power Secretary

Highlights :

 

Ø  The slow pace of economic growth stems from a stunted return on investment for large infrastructure projects, according to outgoing Power Secretary SC Garg.

 

Ø  “There is an enormous unmet demand in housing, roads, airports, railways, energy, irrigation in almost every infrastructure segment. Yet investment in infrastructure has got almost stalled,” he said.

 

Ø  Businesses do not see opportunities in several infrastructure sectors for the present,” he said.

 

Ø  Garg went on to highlight how there is a much lesser return on investments made in large infrastructure projects in the country.

 

Ø  “A lot of policy action is needed to energize the investors in making investments in the infrastructure sector,” he added.

 

======================================================

Dear Madam Nirmala Sitharamanji,

 

I urge you to accept the recommendation made by Shri Surjit Bhallaji and implement it with the following modification :

 

Ø  Reduce tax liability from proposed 15 % to 0 %

Ø  Full amount disclosed must be invested in Govt Infra Bonds

Ø  Bonds to pay annual interest @ 5 % ( but cannot be withdrawn for 10 years )

Ø  No questions / No litigations / No penalty / No re-opening of past tax-returns

 

With this modification, it is possible to raise $ 1,000 Billion ( extrapolating from the example set by Indonesia ), within 6 months

 

======================================================

01  Nov  2019

   hcp@RecuitGuru.com

==============================

Added on 02 Nov 2019 [ Indian Express ] :

Elephant bonds can bring back $500 billion stashed overseas’

These ‘elephant bonds’ would be an avenue for people to bring their offshore undisclosed wealth into India without fear of prosecution, suggests the report.

 

 

  

Congratulations, Dilip Chitre

For daring to demonstrate to the Goliaths of Indian Auto Industry that :

Ø  EV , mounted with Solar panels on its roof ( charging a small Li-ion battery ), is THE only appropriate approach for India with 300 days of bright sun-shine in a year

Ø  In our traffic-congested cities, neither speed ( of more than 30 km/hr ) nor range ( of more than 60 km for an office round-trip ), is necessary for 95 % of the trips

Ø  A small Li-ion battery can be charged at home ( at night ) , if required

Ø  If driving under sun can charge the Li-ion battery continuously, there will be hardly any need for roadside battery charging stations – resulting in huge savings of  infrastructure

Ø  Investments in Li-ion Battery manufacturing plants can substantially go down

Ø  Selling prices of EVs can drastically go down ( may be , even lower than Petrol/Diesel vehicles )

Ø  Retro-fitting of existing petrol / diesel vehicles ( 230 + million ), can give birth to a new industry, generating millions of jobs

And here are the details of “ Dilip – the – David’s “ dare to Auto Industry Goliaths :

Nagpur Man Converts Van into Solar-Powered Car, Has Already Covered 3500 Kms! 

Extract :

Ø  To that end, he purchased Mahindra’s e2o electric car for Rs 10 lakh to convert it into solar-run car. He worked on it for a year but the experiment failed.

  

Ø  Instead of giving up, Chitre applied new methods to a second-hand van that cost him Rs 5 lakh.

Ø  He replaced the engine with a 48 volt battery, a DC motor, gear box, charge controller and an electronic accelerator.

Ø  He installed a speed regulator and installed solar panels with a capacity of 400 watts on the roof of the car.

Ø  The battery stores the electricity generated from the solar panels and sends it to the motor where it gets converted into mechanical energy with the help of the gearbox. As for charging the battery, he has had to recharge it only twice in eight months.

Ø  Chitre is only one of the many people who are striving towards pollution-free vehicles, but many of these experiments fail to take off due to lack of resources and support.

Ø  We hope organizations working in the field come forward and support such brilliant ideas.

Ø  You can get in touch with Dilip Chitre at: 93711, 61415 [ dilipchitre57@gmail.com ]

===========================================================================

Dear Dr K Sivanji,

[ Chairman – ISRO /  o_director@vssc.gov.in  /  chairman@isro.gov.in  ]

Phone : +91 80 23415275 or 22172296

ISRO had proved the feasibility of what Shri Chitre just demonstrated, way back in May 2017

[ Read :

Ø  Carbon  Conspiracy  ?                  [ 13 Nov 2017 ]

Ø  Who  Will  Win  this  Race  ?          [ 07 Nov 2017 ]

Ø  ISRO : the EV Game-Changer        [ 22 Nov 2017 ]

Ø  Thank  You  ,  Chief  !                    [ 28 Mar 2018 ]

Ø  Mobility on the Move – Finally         [ 09 Mar 2019 ]

I urge you to reach out to Shri Chitre and offer to him all the support that he needs to commercialize his innovation

Eliminating emission-pollution of our existing 230 million petrol / diesel vehicles is as important – if not more – than Mars Orbital Mission / Chandrayan – 2

=======================

Dear Shri Chitre,

While wishing you all success in your venture, I am taking the liberty to plead your case with Policy Makers ( by sending this as email ) , with the hope that Shri Nitin Gadkariji will come forward to push your idea further

With regards,

Hemen Parekh / hcp@recruitGuru.com

Unfolding of Reliance Jio Game-plan

More than 2 YEARS ago [ on 22 July 2017 ] , I wrote :

[ source : What Business Are You In ? /

 https://myblogepage.blogspot.com/2017/07/what-business-are-you-in.html ] ,

 

 

“ It is high time for the giants of  Telecom Industry  to ask of themselves :

  WHAT  BUSINESS  ARE  WE  IN  ?

Are we in the business of  “ MOBILE  TELEPHONY “  or are we in the business

of  “ MOBILE  ENTERTAINMENT “ ?

Then , after 5 years , what business should we be in ?

Should we continue to remain in   “ MOBILE  ENTERTAINMENT “  or should we consider

ourselves in the business of “ MOBILE  SOLUTIONS “  for ANY / EVERY problem faced by a

user ?

[Eg: https://yourstory.com/2019/09/reliance-jio-apartment-security-app-jiogate-mukesh-ambani ]

And should we continue our “ Backward  Integration “  into the  ENTERTAINMENT

INDUSTRY  ? ,

or should we  integrate with Start Ups  in  

Ø     HEALTH-CARE

Ø     EDUCATION

Ø     EMPLOYMENT  

The writing is on the Wall – for professional executives who can read !

=================================================

 

Whether he read my blog or not, Mukesh Ambani seems to have asked these questions of himself !

 

Here is proof :

RIL to create ₹1.08-lakh-cr digital giant

https://www.thehindubusinessline.com/companies/ril-to-demerge-rjio-into-a-separate-company/article29800376.ece

Extract :

 

The new company will house all of RIL’s digital entities including RJio and other technology-based initiatives in ,

Ø     education,

Ø     healthcare and

Ø     agriculture services

 

“This new company will be a truly transformational and disruptive digital services platform.

 It will bring together India’s No 1 connectivity platform, leading digital app ecosystem and the world’s best tech capabilities, to create a truly digital society for each Indian,” said Mukesh Ambani

 

The new company will be the umbrella firm for,

Ø     MyJio ( selfcare app ),

Ø     JioTV ( live TV app ),

Ø     JioCinema,

Ø     JioNews ( news app ) and

Ø     JioSaavn ( music app ), among others.

It will also focus on

Ø     healthcare,

Ø     education,

Ø     agriculture,

Ø     commerce,

Ø     government-to-citizen services,

Ø     gaming

Ø     manufacturing, among others

==========================================

Is it possible that Rel Jio GigaFibre itself may someday get disrupted by  Li Fi  ?

 

Here is the clue :

 

Disruption : The New Survival Strategy

https://myblogepage.blogspot.com/2019/09/disruption-new-survival-strategy.html 

 

 

=======================================================================

26  Oct  2019

Rsvp :  hcp@RecruitGuru.com