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

Now as I approach my 90th birthday ( 27 June 2023 ) , I invite you to visit my Digital Avatar ( www.hemenparekh.ai ) – and continue chatting with me , even when I am no more here physically

Thursday, 5 June 2014

Be-Sahara Shree ?



These days , Sahara-Shree Subroto Roy seems to be , Be-Sahara Shree  !


He is in jail for past 3 months or so


And Supreme Court won't let him out on bail , unless he deposits Rs 5,000 Crores in cash and furnish a surety bond of an equal amount


Then within a few weeks , Supreme Court wants him to hand over to SEBI , Rs 24,000 Crores that SEBI claims he raised illegally from " Public "


But Subroto says ,



" What public  ?


  I am ready to pay-off all of my depositors , if only , they would come forward to claim their deposits


I have raised , a few rupees each ( Rs 5 - Rs 10 ), from millions of small depositors , all of whom , gave their postal address as , " Delhi-Agra Road ", or  " Kanpur - Lucknow Road "


I just can't find them  "



Now , all of us ( Supreme Court and SEBI included ) , know that ,


>  Those Rs 24,000 Crores belong to politicians ( - most who got defeated in
     recent Lok Sabha elections ) , businessmen / bureaucrats / film stars etc


>  Each of them have given this in CASH to Sahara-Shree ( Range : Rs 10 -
    100 crores )


>   Sahara-Shree knows that they don't dare to publicly ask him to return
     their deposits . He managed to render them be-sahara  !


>   Neither Sahara , nor SEBI have true addresses of those fake depositors



So , what happens now  ?


>   Subroto will be forced to sell most of his properties to raise money


>   To ensure that there is no hanky-panky in sale of these properties ,
      Supreme Court may appoint some world-famous Real Estate
      Consultants to conduct e-Auctions for each of these assets


>    SEBI will have a windfall of Rs 24,000 Crores that no one wants  !


>    SEBI will deposit it with banks and earn a fat interest - for ever



I would say , a smart way to convert BLACK money into WHITE money  !



*   hemen   parekh   (  05 June 2014  /  Mumbai  )

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Tuesday, 3 June 2014

1 down ; 259 to go !



NaMo requested voters to give him 60 months ( against 60 years , they gave to Congress  )


That is 260 weeks


What did he achieve in the FIRST week  ?


*  Formed a small / compact Cabinet


*  Constituted SIT to look into Black Money issue


*  Issued TEN COMMANDMENTS of Good Governance


*  Told MPs / Ministers , not to appoint relatives


*  Phoned MP Priyanka to remove her father as her " Representative "


*  Asked all Ministers to prepare " 100 Days Action Plan "


*  Issued " Performance Appraisal Formula " for Ministers


*  Abolished 30 GoM / E-GoM


*  Invited SAARC heads-of-States to swearing-in ceremony


*  Started dialogue with Pakistan


*  Talked to Obama / Li Keqiang / Abe


*  Met Jaylalitha / Naneen Patnaik


*  Alloted Rs 1 Lakh Crores for toilets




Well begun , Narendrabhai  !



You get 90 marks out of 100 ( Very Good )


Will next week get you 100 out of 100  ? ( Excellent )



*   hemen   parekh  ( 04 June 2014 / Mumbai  ) 

White Holes of Black Money ?



Astrophysicists say , even light cannot escape a black hole


Closer at home in India , even the most stringent laws have not stopped the Indians from siphoning out their undeclared income to secret bank accounts in 40 odd Tax-Haven nations - the White Holes of Black Money  !


Depending upon your source , the amount varies from Rs 25 lakh Crores to Rs 90 lakh Crores


The exact / actual amount is itself , irrelevant


What matters is :


*  In those foreign banks , there are lakhs of " Secret / Password-protected " bank accounts , belonging to Indians


*   Those countries are refusing to divulge these accounts to Indian Government, under some or other International Law / Convention


*   India has no extra-judicial influence over these countries to force them


*   Economies of these countries do not depend upon trade with India

     These economies depend upon those secret accounts  !


Of late , some people have suggested passing yet another law to declare all such black monies, illegally stashed abroad , as " National Property "


Sure  !  Can be passed in BJP controlled Lok Sabha in 4 hours  !


Like all previous laws , that won't make any difference 


In the meantime , let SIT debate and deliberate and dither , for ever  !


No harm in persevering , even as those Rs 90 lakh Crores become Rs 900 lakh Crores  !


Do our Politicians /  Babus /  Janata , realize that the only persons who can - and will - bring back those black monies , are those account holders  ?


Do we realize that human greed is cleverer than those laws  ?


Do we understand that no one wants to pay increasing amount of Income Tax , with each higher slab  ?


Do we appreciate that our present taxation system ( of higher tax rates , with rising income ) , prevents people from declaring all of their incomes ?


Why work harder to earn higher income , only to hand over that income to government - who will distribute it , by way of salaries to the bureaucracy ?


Do we know that our present Tax Regime penalizes honest tax payers and discourages wealth - creation  ?


Do we understand that this Tax Regime , diverts funds into unproductive assets ( eg: Land / Gold etc ) - funds , which are badly needed for nation-building  ?



Will  Mr Arun Jaitly  have courage to implement following  ?



*  INVERSE  TAXATION   REGIME



    Where one pays DECREASING , incremental  tax , with each higher slab of
    income. This will encourage full declaration of all income and remove
    incentive to hide income . People will insist upon receiving all payments
    by cheques .

    " Reverse  Hawaala " system ( converting black money to white
    money ) will , soon eliminate parallel economy  !



*  AMNESTY  SCHEME


    Where no questions will be asked as to the source of declared black
    money , if that money is invested in Government-Approved Infrastructure
    SPVs . Dividends / interests from such investments will be free from
    Income Tax for 15 years . Infrastructure should also include , Education,
    Health-care , Sanitation etc



Dear  Narendrabhai ,



Applying this ( mildly  " Out -of - Box " ) thinking , you can raise Rs 1000
 Lakh Crores , and build those 100 Mega-Cities and create those 100 million
jobs



*   hemen   parekh   (   04 June 2014 / Mumbai  )

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Saturday, 31 May 2014

NaMo had no choice



On 26 May , NaMo assumed office


On 27 May , he appointed a committee to look into the issue of Black Money


He had no choice , since Supreme Court had given Central Government , time till 28th May to appoint a SIT ( Special Investigation Team )


NaMo  did this despite his firm belief that ,


" Governments appoint committees when they want 
to postpone taking unpopular / unpleasant decisions "


[  Eg : Issue of KG gas price rise  ?  ]


How else can you explain a 8 member committee  of the Senior-most bureaucrats , without ,


>   a clear mandate / terms of reference


>   a firm target date


>   power to take decisions , which are binding on the government


>   accountability for failure to achieve its objectives



NaMo knows too well that ,



>  Committees only make " Recommendations "


>  Their foremost recommendation is invariably , to appoint another follow-
     up committee , to examine their original recommendations  !


>  Committees rarely meet . When they do , they do so without a clear
    agenda . Only decision that gets taken is fixing the date for the next
    meeting


>  Other names by which committees are well known are ,


    *   Come - Meet - Tea


    *   Procrastination Incarnate


>  Committees have no power / authority , to instruct Government Officers
    to act " as directed "


>  When questioned in Lok Sabha , concerned Minister can get away for
    inaction by saying , " Committee report is awaited "


>  For the members , being on a committee is a status symbol


>  For retired officers , committees are a source of some income


>  A committee is a " Mutual Admiration Society " - where members never
    tire of patting each other's backs


>  Committee Members love to hear their own voices


>  Committees are never  held accountable for failing to achieve anything
     concrete / tangible


But when NaMo had a choice , yesterday , he abolished 30 GoM / E-GoM


NaMo does not tolerate a culture of buck-passing


He cannot suffer nincompoops  !


He is telling his Ministers ,


"  Shape up or Ship out "



*  hemen  parekh  (  01 June 2014 / Mumbai  )

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Wednesday, 28 May 2014

India is the Market

Cher président de la Chambre,

Lorsque les économies à travers le monde sont de plus en plus au maigre 1% à 2% (ou stagnation), l'économie de l'Inde est en croissance de 5%, et devrait atteindre 8% en 2015, avec un gouvernement de majorité d'une seule partie (après 30 ans), se installé sur le 26 mai 2014

Selon récent rapport de la Banque mondiale, sur les PPP (prix d'achat parité) base,  l'Inde  vient de dépassé le Japon pour devenir la 3ème plus grande économie dans le monde, après les USA / Chine - 6,4% du PIB mondial!

L'année prochaine, 55 millions de "classe moyenne" ménages indiens auront le revenu disponible annuel de 250 milliards de dollars! C'est près de 5000 US $ par ménage chaque année!

La population de l'Inde de 1237 millions de personnes est en croissance de 15 millions chaque année!

Et la population de l'Inde de 950 millions de téléphones mobiles est en croissance à 15 millions par mois!

Pas de doute, vos sociétés membres souhaitent vendre leurs produits / services à ce grand - et à croissance rapide - marché, en nommant sociétés indiennes comme Agents / Courtiers / distributeurs etc

Nous pouvons aider votre entreprise membre par le dynamitage de leurs messages de marketing pour,

* 2,27,000 + entreprises indiennes

* Énumérés selon 52 Industrie-secteurs

* Situé dans 2000 villes indiennes +

Tout ce que vos sociétés membres doivent faire est, inscrivez-vous sur,


{La porte de l'Inde}

S'il vous plaît, épargnez 5 minutes pour  "Voir la démo"

Si Convaincu, s'il vous plaît transmettre ce message à vos cabinets membres.

N'hésitez pas à ajouter sur votre propre page d'accueil du  site  web, un lien vers notre site

Si vous le faites, nous serons heureux de rendre la pareille en offrant un lien vers votre site Web, de notre  page d'accueil - permettant dirigeants d'entreprise de partout dans le monde à visiter votre site!

De loin, ce sera le service le plus précieux que vous rendrez à vos entreprises membres!

Cordialement,


[ cliquez pour voir mon profil ]





Thursday, 22 May 2014

All Seasons Are Election Seasons

There were 152 MPs in the 15th Lok Sabha , who had criminal cases pending against them

In 16th Lok Sabha , this figure has gone up to 186  !

A case of " Progressive  Democracy "  ?

Supreme Court has directed the courts to complete their trials within 12 months

And , Narendra Modi has made a poll-promise to set up Special Courts for this purpose

Q :  How many special courts will need to be set up ?

A :  At least 15 ( my estimate ) - assuming that each court can dispose off ONE 

      case per month ie: 12 cases per year ( on daily hearing basis )

That is Do-Able, if BJP is really serious about breaking the nexus between politics and crime ( we will know soon ! )

May be 50 % of the MPs ( around 90 ) will get convicted , with a jail-term of 5 years or more , and lose their seats in the Lok Sabha. 

That means , in 2016 - 2017 , Election Commission will need to conduct fresh elections in these 90 constituencies ! A mini General Election  ?

Karl Marx may have said , " Religion is the opium of the Masses "

In India , it seems , " Elections are the opium of the Masses " !


*  hemen  parekh  ( 23 May 2014 / Mumbai )

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

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Tuesday, 20 May 2014

Snow White and the Seven Dwarfs




In 1937 , Walt Disney produced ( in 2D / Black & White ) , a film ,


“  Snow White and the Seven Dwarfs  “


Around the World , this fairy tale became immensely popular , among children and adults , alike


Closer at home , in 2014 , Narendra Modi crafted a colorful and 3D holographic film, titled ,


“ Sonia and the Thirty-Nine Dwarfs “


[ - also known as Congress Working Committee  ]


This became hugely popular in villages and towns of India


And parents started teaching their tiny tots , a brand new nursery rhyme ,



“ Madam – Baba sat on a throne

  Madam – Baba had a great fall

  All the Congress yes-men

  And all the UPA dwarfs

  Could not put Madam and Baba

  Together again  “



But surprise of surprise  !


For the Nth time , the yes-men were singing , in unison ,


“ No !

  No , we won’t accept your resignations “


Among those 39 dwarfs , sat a midget , who had earlier called Narendra Modi , “ Impotent “


Little realizing that he would himself , be playing that role when election dust settles !


Never before in the history of India , have so few inflicted so much misery on so many – and for so long !


It is high time the dwarfs fade away from our collective memory  !



*   hemen  Parekh  ( 21 May 2014 / Mumbai )

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Sunday, 18 May 2014

What Are the Chances ?



Over the past few weeks , we saw many surveys re: which political party will win how many Lok Sabha seats


These included , Times Now-ORG / CNN-IBN-CSDS / Headlines Today - Cicero / ABP News-Nielsen / News 24 - Today's Chanakya / Cvoter - India TV etc


Although , " Today's Chanakya " came closest to predicting the number of seats that NDA might win , others too were fairly accurate


Using statistical techniques , they computed the Chance ( Probability ) for each party , based on asking a few thousands voters ( sample ) , their preferences


Now is the time to survey the voters , once again , as to what do they believe , when it comes to BJP fulfilling its poll promises


For each item ( of BJP's poll manifesto ) , what is the perceived chance ( probability ) that the BJP Government will fulfill / deliver on its promises ? Will it be 10 % - 50 % - 100 %  ?


The outcome will determine BJP's credibility among voters , vis-a-vis , its poll promises


It may be even an eye-opener for BJP  !


If conducted and results published by end June 2014 , such a survey might even become a " Self Fulfilling Prophesy "  !


If it turns out less-than-flattering , BJP will work twice as hard to prove the pollsters wrong  !


Here are the " Chances " which I attach to fulfillment of each of BJP's following poll promises , by the end of 3rd year :


*  Ensure minimization of Black Money and setting up of a Task
    Force  ......... ( 50 % )


*  Special Courts to stop hoarding and black-marketing. ( 100 %)


*  Set-up a Price-Stabilization Fund.......( 100 % )


*  Develop labour-intensive Manufacturing ...  (  10 %  )


*  Empowering youth for Self-Employment...  ( 25 % )


*  Transforming Employment Exchanges to Career Centers(10% )


*  Eliminating corruption thru E-Governance... ( 10 % )


*  Rationalization / Simplification of Tax-regime.. ( 20 % )


*  Insulate intelligence agencies from political intervention and
    interference..... ( 10 % )


*  Strengthening physical infrastructure with expediting work on
    freight and Industrial Corridors..... ( 15 % )


*  Setting up Gas-Grids and National Optical Fiber Network up to
    the village level.......  (  30 %  )


*  Quadrilateral project for Bullet Trains..... (  5  %  )


*  Establishment of National E - Library.....  (  40  %  )


*  Implementation of National Education Policy .. ( 50 % )


*  Evolving further the PPP model to PPPP model .. ( 50 % )


*  Building 100 Mega-Cities................  (  0  %  )




Did I miss out any  ?


Parallel with whatever the Pollsters may - or may not - do , it would be worthwhile for BJP Tech-Team , to come out with a mobile App ( to be named , " RUN - Rate Us Now " ? ), to find out what voters feel , on a 5 star scale


Or , an App that would let the voters prioritize among various promises



*  hemen  parekh  (  19 May 2014 / Mumbai  )

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

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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