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

Saturday, 21 February 2015

CREATE SELF EMPLOYMENT

CREATE     SELF - EMPLOYMENT

Dear Shri Jaitleyji :

I know that the Central Budget is already under printing and it is too late for you to make any changes at this stage

But , nothing stops you from making " STRATEGY " announcements in your budget speech , such as :


This government will adopt a strategy of generating Self Employment , to provide meaningful work - and respectable income , to more than ONE MILLION jobseekers every month

To 50 MILLION jobseekers in the next 50 months

By getting banks to advance , small , low-interest loans to those 125 million poor persons , who have opened bank accounts under Jan Dhan Yojana 

And , by abolishing Personal Income Tax altogether , for such Self Employed persons  , for all deposits made into these accounts for next 5 years "


Reason is obvious :

It needs a fraction of the CAPITAL ( fixed + working capital ) to create a Self Employed job as compared to creating a job in Organized Sector ( Public or Private )

As you drive to the Parliament House on 28th morning , you will get to see on the road - or in those shops lining the road - , a lot of Self Employed persons .


What kind of CAPITAL ( in tools / machinery / Office - Factory space ) would be needed create each of those " Jobs " ?


Here are my guesses for investment and space requirement :

( What for ? / Office -Factory - home Space required ) :



*     Domestic Servants / Maids / Cooks........................  Rs ...   NIL
      (  Nothing / Nil )

*     Unskilled Workers...............................................   Rs ...   5,000
      (  Simple Tools / Construction Site / Road-side )

*      Milk Vendors / Delivery Boys..................                 Rs...    5,000
       (  Bycycle  /  operate from home  )

*     Pan-Bidi Gulla Owners..........................................  Rs....    5,000
       (  Stock in Dukaan /  25 Sq Ft footpath  )

*     Roadside Vegetable Vendors..................................  Rs...     2,000
       (  Daily purchase + 25 sq ft of footpath  )


*     Carpenters / Electricians / Plumbers etc................... Rs .....  2,000
      (  Tools of trade / Operate from home  )

*     Tailors / Watch Repairers......................................  Rs ......5,000
      ( Sewing Machine - Tools / Home or 100 sq ft of footpath )

*     Hairdressers........................................................  Rs...... 10,000
      (  Tools  /  100 Sq ft of shop rental )

*     Rickshaw Drivers...................................................Rs......  50,000
      ( Rickshaw / Operate from footpath )


I am sure your Ministry has better figures for 200 similar " Self Employed " categories . Or you may want to ask NCAER / NITI Ayog / HRD Ministry etc

Now , how much CAPITAL will be required to create one " EMPLOYED " job ?

Once again , here are my guesses :

*  In MSME businesses / companies......................... . Rs ... 2 Lakh

*  In large Organized Sector companies...................... Rs... 25 - 100 Lakhs


 Do you see the logic ?


For ONE job in large / organized sector , you can create 5,000 Self - Employed jobs  !


One more thing :


How long does it take to create such jobs ?


>    In large organized companies..................................... 3  / 4  years

>    In MSME companies.................................................  1  /  2  years

>    Self Employed jobs ( Skilling / Training Period )...........   3 / 6  months


Self Employment is the ONLY answer to avoid the fate of PIGS ( Portugal / Italy / Greece / Spain ) and a host of other , " Advanced Economies " - which borrowed BILLIONS of dollars from IMF / World Bank / Others   !


And now cannot pay back those loans  !



Dear Shri Jaitleyji :


We have neither time , nor the money to create ONE MILLION jobs every month in the organized sector

And we have promises to keep  !

I will be keenly listening to your Budget speech



with regards ,

hemen  parekh  /  Mumbai  /  22 Feb , 2015

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Wednesday, 18 February 2015

Time to Change Gears !


Dear  Amitabh


Just read the following online

You have hit the nail on the head !


I still remember some 30 years ago , when Software Exporters were required to email abroad , their lines of Code , only through a Government Agency ( Department of Electronics ? ) !

No " exporting " without Government knowledge !

Lack of Trust : How do we ensure that you are not " Under-Invoicing " ?


Where would Software Industry be today , if that " Control " had continued ?

Fortunately , someone like you had the foresight to dismantle that regime !



In the meantime :



>  As planned , " Email Alerts " ( to Central & State Government Executives ) will be launched on 04 March

ADMIN page for DIPP officers ( on B2B web site ) - as per formats shown in my email of 4th Nov 2014 -

    will be ready by end March

    Should you want to make any changes ( to proposed formats ) , kindly advise

I once again request that , without waiting for these features , " Find Indian Partner " page gets uploaded on " Make In India " web site , right away

Can I help in any way ?


with regards ,

hemen  parekh

0 - 98,67,55,08,08

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






The government should stay miles away from e-commerce and allow it to flourish, Department of Industrial Policy and Promotion (DIPP) secretary Amitabh Kant told NDTV on the sidelines on the World Economic Forum meeting at Davos. "I am totally against any regulation in e-commerce," he said. This is the first time a government official is on record to say that there are no plans to regulate e-commerce.

Mr Kant said it's important to allow the freedom, flexibility and energy of Indian entrepreneurs to blossom in e-commerce. "Government should keep itself miles away e-commerce. Because that's going to the big area of growth for young Indian entrepreneurs. They're going to use smartphones. They're going to use technology. They're going to use innovation to drive business. And I think government must keep itself at arm's length," he said.

Talking about excessive competition in the sector that led to some complaints in the past, he said, "People will compete and people will go bust and if you can't compete you'll go bust. If you compete you'll get a larger share of the market. But the consumer must distinguish between the good and the bad players. In my mind e-commerce is going to be the big story for India because of sheer enterprise, sheer innovative spirit and the fact that we have a very young population," he said.

Talking about the government's decision to allow 100% foreign direct investment in business-to-business (B2B) e-commerce, he said, "B2B is the big thing. B2C model is basically about inventory. It's about stocking up and then selling and the only fear on that is that it can lead to large scale imports but I think we need to tackle that issue of B2C separately," he said.

He added: "Actually a company like Flipkart or Snapdeal uses B2b model. It actually allows all the small and medium enterprises to sell their products. They just created a marketplace. And that's the way India must go. Just allow them to flourish."

Obsolete Advertising ?


Obsolete   Advertising  ?

Dear Friend ,

Even in this digital age , hardly a day passes when we do not receive in snail-mail or tucked inside our morning news paper , pamphlets advertising some products / services

That is reasonable if you are selling to End-Consumers ( C ) , and in your own locality (  a , B2C situation )
Although you ( rightly ) suspect that , it won't get read , by most of those unknown recipients !

But , if yours is a Business which offers its Products / Services

>    to other Businesses
>    all over the City / State / Country or , even entire World ,

then obviously this method , just won't work  !

You need your Marketing Message ,

>     in soft copy ..........................                            (   not hard copy   )
>     delivered digitally..................                             (   not printed in News-paper )
>     all over the World.................                              (   not in your locality  )
>     with a few mouse clicks .........                             (   not with hours of effort  )
>     sharply targeted to potential customers.........       (   not just some unknown buyers )

I invite you to visit,


On the entire web , there is no better / faster / cheaper , Messaging service

with regards ,

hemen  parekh
(M) 0 - 98,67,55,08,08
PS :

Messages already blasted by our Subscribers can be seen at ,


Marol , Mumbai

Wednesday, 11 February 2015

One Up on Free Wi - Fi ?


AAP won Delhi Elections by offering Free Wi Fi / Water / Electricity etc

Apparently , offering anything " Free " , works like a sure-fire strategy

In the past , various political parties have managed to ride home to power by offering , free,

*     Rice
*     Mangal Sutra
*     Buffalos
*     Laptops / Tablets
*     Mixies / Bycycles.......etc


For the forthcoming elections in Bihar , what freebies  can we expect to be promised ?


>    From  RJD / JDU / Congress  etc :

     *  Free Education / Health Care / Roti - Kapada - Makaan / Transport / LPG ..etc



>   From BJP ( only from BJP - being in power at the Centre ) :

    *   Total abolition of  Personal Income Tax  ?



    Sure , Centre would lose revenue of ( approx ) Rs 3 lakh Crores


    But look at the Up-Side :


    *  Those 8 Crore ( out of 11.5 Crore ) Bank Accounts opened under Jan Dhan Yojana , which have , currently ZERO balance , would suddenly swell with cumulative deposits of , Rs 30 lakh Crores  ! 

Don't ask , where the money came from ! Just let them spend ( or invest ) to expand the economy , by boosting Purchasing Power


    *   Permanent solution to prevention of future generation of Black Money  !
         (   By taking away incentive to hide any income  !  )


    *   Elimination of  " Tax - Terrorism  /  Root of all corruption "


    *   Save crores of Rupees thru dismantling of Personal Income Tax department


    *   Centre will not need to beg Japan / Russia / China etc to bring in dollars to invest in Mega Cities / Rail Corridors / Sagar Mala ports / Highways / Airports / Power projects .. etc


Of course , " Experts of Economy " will advance dozens of reasons , why this is a crazy and  impractical idea

But then , Economy of a country is too serious a matter to be left to the Economists !

A seemingly " impossible " thing gets done , simply because SOMEONE wants it done  !


Shri Jaitley :

It is still not too late to Up the AAP  !

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

with regards

hemen  parekh / 12 Feb 2015

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

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Thursday, 15 January 2015

Your Services


Dear Shailesh
Thanks for writing
We have no immediate need for your services but I do think , there must be thousands of companies in our online database of 2,28,000 + Indian Companies , that might be your potential clients

And the best / quickest / cheapest way to send across your Marketing Message to them , is to use our online Message Blasting services from


Registration is free and when you click on the Activation Link , emailed to you , your account gets credited with 1,000 FREE emails  !

VIEW  DEMO -  then REGISTER now  !

with regards ,

hemen parekh
Mumbai ( M ) 0 - 98,67,55,08,08

Sunday, 4 January 2015

A VIRTUOUS CIRCLE ?

For over two years now , I have been advocating ,


>   " Inverse Taxation Regime " both , for Personal Income Tax as also for Corporate Tax

       The more you earn , the less tax ( rate on next higher slab ) you pay

>   For Corporate , the more people you employ , the less tax ( rate on next higher slab ) you pay


>   Even total abolition of Personal Income Tax


There are over a dozen Countries where there is NIL personal Income Tax

So , there is a precedent that this can work  !

If Personal Income Tax was to be totally abolished , what can / may  happen ?


*   There will be no incentive for tax evasion / avoidance 

     This will be a permanent FULL STOP to future generation of Black Money

*   All payments will be received by cheques and deposited in Bank Accounts

*   All stashed away Black Money will , some how , on its own , find its way in bank accounts, - including Black Money lying in Foreign Banks , making SIT redundant !

     This is the ONLY WAY , NDA  government can redeem its promise !

*   Savings rate will go up dramatically

*   That will lead to greater purchasing power for all people

*   Leading to higher domestic consumption of FMCG / Consumer Durables

*   This will result in huge collection of GST , offsetting revenue losses

*   Demand will go up , boosting manufacturing

*   With rise in manufacturing , sub-contracting / outsourcing will increase , giving a big boost to MSME sector 

*   If manufacturing goes up , employment / self-employment ,  will go up

*   For a change , we as a Nation , will learn to celebrate , 

     #    Wealth Creation as a means to reduce poverty

     #    World-size Companies to take on the World

*   There will be less pressure on demands for higher salaries / wages

*   If salaries / wages do not rise , inflation will ease

*   Cost of manufacturing too , will go down

*   Era of " Low Cost Economy " will set in ( VIRTUOUS CIRCLE ? )

*   Savings will move from gold / land to Financial Assets

*   With a low cost structure , our products / services  will become , internationally competitive and exports will go up

*   That will improve our current negative Trade Balance / CAD

*   This ( abolition of Personal Income Tax ) should be coupled with SPVs for 

     #    Infrastructure Projects ( especially Smart Cities / Corridors etc )

     #    Educational Institutions

     #     Skill Development Institutions

     #     Health care Facilities

     #     Solar Power ( Eqpt Mfr / Generation / Transmission / Distribution )

     #     Digital India ( Broadband ) Network


     No questions must be asked as to the source of money invested in such SPVs

    All income ( Corporate Income or Personal Income by way of dividends / interests etc ) arising out of investments made in such SPV , must be tax-exempted

SPVs , themselves , must not need to pay any taxes for 10 years 

*   What else  ?

I hope our newly constituted " Niti Ayoga " will examine my suggestion and guide framing of  

 >    2015 Central Budget NITI 


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

hemen  parekh / Jan 05 , 2015

www.hemenparekh.in

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

Make    Yourself    Heard

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Tuesday, 30 December 2014

Let us focus on what we are Good at !



Let us focus on what we are Good at  !


Some 30 years back ( ? ) , GOI invested Rs 100 Crores in setting up a factory / company ( Called Semi-Conductors India Ltd ? ) to produce wafer fabrication / chips for computers. It took 3 years to start production - of chips used in wrist watches ! - available by Kilo-weights on footpaths of Taiwan  !

By that time , chip manufacture / design had undergone 3 life cycles !

To save GOI  embarrassment , a fire burnt down that factory ! - never to come up again !

If we want to increase local " Value Addition " in " India Made " electronics products , we must ensure that ,

>    there is nil / very small import duty on raw materials / components

>    a little more duty on Sub-Assemblies / Assemblies

>    a high duty on finished products

That will encourage more local Value Addition

Stopping / discouraging imports is not the right way to balance our Trade Deficit

That should be done by exporting things / services where we are globally competitive

Let us not get fixated on making things locally - even at a high cost as compared to importing

Let us not turn ours into a " High Cost Economy "


hemen  parekh  /  Dec 31 , 2014

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

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Friday, 5 December 2014

BUDGETING BY OBJECTIVES

BUDGETING     BY    OBJECTIVES

Dear Shri Jaitley ,

Come Feb 2015 and you will present your Budget in Lok Sabha
You will allocate thousands of crores of rupees to different ministries , for spending during 2015-16
You may even increase / decrease their allocations based on , to what extent ( % ) did they manage to actually " spend " their current year's allocations
The one and only emphasis is on " spending " !
As usual , no MP will ask :
"  But , what exactly did the Minister concerned achieve by spending this money  ?
What physical / measureable targets did the Minister succeed in reaching / exceeding , with that money  ? Where / What are the OUTPUTS  ?
Why is it that no targets were set in advance , before the start of the year ?
How come , Minister was allowed to shoot first and then draw concentric circles around the hole afterwards ( at the end of the year ) , to claim BULL'S EYE  ?  "

In private sector , shareholders / bankers do not hesitate to sack the CMD / MD / CEO , if he fails to deliver on promised profit
Then , why are Ministers allowed to retain their posts ( - or even get kicked upstairs ! ), despite failing to deliver  ?

Dear Shri Jaitley :

MPs should know that YOU cannot answer these questions , simply because , at the time of the Budget Exercise , no physical OUTPUTS  got fixed for each Minister
What did get fixed , were only EXPENDITURE TARGETS  !
Simply because MPs passed the Budget without fixing targets such as following for 31 March 2015 :

Finance Minister

   >   GDP ..... 6 % ............ [ 10 % improvement ]
   >   CAD.......( -  ) 5 % .....[  20 % improvement ]

Commerce Minister

   >   Exports........ $ 350 Billion  ....  [ 10 % improvement  ]
   >   FDI..............$    50 Billion...... [  20 % improvement  ]

*   Railway Minister

    >   Lengths of Tracks...... 125,000 Km.....      [  Up by 10 %  ]
    >   No of Passenger Trains / day..... 10,000... [ Up by 10 % ]

*   Health Minister

   >   Chronic Hunger and Hunger Related Deaths
         8 Million / year .................................... [  Down by 20 %  ]
   >   Under-nourished people..... 200 million..... [ Down by 10 % ]

*   Social Welfare Minister

    >    Dowery Deaths / year....... 8,000...... ......[  Down by 10 %  ]
    >    People without Toilets........ 500 Million....  [ Down by  20 % ]

*   Agriculture Minister

    >    Farmers Suicide/ year..... .. 14,000...............  [ Down by 20 %  ]
    >    Food Grain rotting / year..... 5 Million tons.....  [ Down by 20 %   ]

So on and so forth for each Minister

Some caution / suggestions :

*    Ignore the numbers given above. I could be factually wrong
*    Focus on the concept of " Management by Objectives "
*    Overcome the fear of " failure to meet the targets ".
*    Overcome the fear of " being ridiculed " !
*    Don't chop off the neck that dares to stick out  !
*    Only failure is , not fixing the targets  !
*    Actual vs Targeted achievements must be measured , on an ongoing
      basis , by totally independent THIRD PARTY agencies
      Ministers / Finance Minister and these Agencies , must agree in advance , how the
      Agencies will go about " measuring " the Actual Achievements
      The method of measurement must be transparent and well publicized
      in advance
      Agencies shall have no role in fixing of Annual Targets
      That is best done by the Prime Minister - the CEO , MakeInIndia
*    There must be at least 10 performance parameters for each Minister
*    Parameters themselves could be selected / prioritized , based on an
      ONLINE PUBLIC SURVEY / OPINION POLL , from Govt web site
*    If conducting such an ONLINE POLL for the forthcoming budget is
      too late , same could be done on a printed form , by current MPs /
      MLAs / Rajya Sabha Members
*    Results of the SURVEY / POLL , must be published

I hope readers of this blog will contribute by passing on this message to

>    all of their friends / relatives / acquaintances / colleagues
>    as many legislators whose email IDs they can find
>    to Shri Jaitley ( ajaitley@sansad.nic.in  /  ajaitley@del5.vsnl.net.in )
>    Everyone in their CONTACT list

OR,

>   request them to look it up on...www.hemenparekh.in

Somehow , we must bring pressure on Lok Sabha Members , NOT to approve the forthcoming budget , unless TARGETS are set in advance

*   hemen   parekh  /  06  Dec  2014

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

Make    Yourself    Heard

Dear Visitor :

It is time for YOU to speak up - and demand that YOU are heard

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Tuesday, 18 November 2014

MAKE TO MAKE IT A REALITY



Objective of tomorrow's MINT closed door event ( as reported in Ads ) is :


"...to examine the implications of this vision  and propose what's needed to make it a reality  "


Here is one of the things that I think is needed :


Treat MII ( Make In India ) on par with MOM ( Mars Orbital Mission )

We have all seen MOM control room on TV , with dozens of scientists glued to respective computer screens , monitoring every aspect of the Mission

And , whenever required , taking " Course Correction Actions " in real time


For MII ( Make In India ) too , we need such  Control Rooms

One at the HUB ( in DIPP ) and one each in State Capitals ( Spokes )

The concerned officers will monitor :


>    Web Site Traffic ( better than Google Web Analytics )
  
      Who is visiting from where and looking at which pages , and doing what , and for how long ...etc


>    Message Traffic

       From server log of B2B web site , monitor which FOREIGN COMPANIES are blasting ( We are interested to talk to you ) messages to

       which INDIAN COMPANIES


>    Action Traffic

       B2B server sending out ( within ONE MINUTE ) , full details of above-mentioned messages to,

       *    Indian Diplomatic Missions abroad to get in touch with the Message-Sending FOREIGN COMPANIES , offering instant help

       *    Chief Ministers / Industry Ministers / Industry Commissioners etc of the STATE GOVERNMENTS , where Message-Receiving INDIAN

             COMPANIES are located ( - expect a fierce / healthy competition amongst States to locate project in their States ! )


>    Project Monitoring

      Implementation of each project ( above a certain value ) being  monitored using PERT technique ( Mr Rice would appreciate this )



To make MOM , a " reality " , cost the country , some Rs 430 Crores - and time of some 100 scientists

I believe CONTROL ROOMS ( War Rooms ? ) of Make In India , may not cost more than Rs 43 Crores ( - all put together )

And some company like Infosys / TCS / Wipro , may be able to construct - and operationalize  - such rooms ( Hardware and Software included )

within 3 months - given the challenge to raise our " Ease of Doing Business " rank from 142 to 42  !




*    hemen   parekh   /   18   Nov   2014

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

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

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