Paralyzed by Policy Revisions ?

Following news appeared in today’s Economic Times :

POLICY SOON TO  RE-SKILL and  UPSKILL

Skill India may be expanded to include AI, IoT  

Dedicated curriculum to be developed across identified sectors.

Highlight :

Prime Minister Narendra Modi had launched the Skill India Mission in 2015 to make the country the “skill capital” of the world.

The aim was to impart skills training to 400 million people by 2022 through flagship schemes such as the Pradhan Mantri Rojgar Prohatsan Yojana, the Deen Dayal Upadhyaya Grameen Kaushalya Yojana and the National Apprenticeship Promotion Scheme.

However, barely 30 million youths have been imparted skill training. 

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Target               >    400 million in 7 years ( 2016 to 2022  )        =    57   million per year

Achieved            >    30 million in 3  years ( 2016 – 2017 – 2018 ) = 10 million per year

Remaining          >    370 million in next 4 years ( 2019 till 2022 )  =  92 million/year

So, next what ?  >  Policy Revision   

                            Govt to focus on “ Reskilling “ in its second term

How                  >  Dedicated curriculum to be developed across identified sectors, such as

                             banking, financial services and insurance [ BFSI ], IT/ITes ( information

                             technologyenabled services), manufacturing, e-commerce, retail,

                             logistics , healthcare and telecommunication

                          [ Apparently, it took those “ Policy Revision Experts “  30 months to read

                          following what I emailed on 20 JAN 2017 ]

                    

                          UNIVERSAL   BASIC   INCOME                                                                             

                        WHAT WOULD BE THE RIGHT APPROACH ?

*  Right approach would be : " Do not give fish to a hungry man / teach him how to fish "

 In short , empower them to earn their own living by teaching them " Skills " and by

 gaining " Experience " in use of those skills

Entire cost of this " Skilling " and " Experiencing " to be borne by the Government , till

 each targeted poor / unemployed person , either gets gainfully employed or becomes

 self-employed

Should he choose to become Self-Employed ( by registering as a " Start Up " ), exempt

 him from paying Personal Income Tax for next 10 years

   WHAT SKILLS WILL GET PROVIDED IN ITI ?

Entire range of Manufacturing Industry related skills being currently imparted plus a

whole host of commercial skills required by E Commerce / Fintech / Agriculture Processing

 / Payment Banks / Service Sector / BPO / Telecom and other emerging sectors

Related  Reading :

Congratulations , Anilbhai Naik     [  08  Feb  2019  ]

Organizing the Unorganized         [  04  Feb  2019  ]

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28  may  2019

hcp@RecruitGuru.com

What got achieved ?

What  got  achieved  ?

Today’s Times of India carries following news :

On anvil: Rs 30 lakh crore transport boost

Highlights of Estimated Investment in 5 years ( Rs Lakh * crore ) :

#  Transport  …………………………….. 30

#   Energy  ………………………………….20

#   Urban Infra and Housing …….. 12

#   Health  …………………………………   10

#   Defense  ……………………………..    9

#   Digital   …………………………………   7

#   Agriculture …………………………….  5

#   Mining and Metals  ……………….. 5

#   Education ……………………………..  1

#   Tourism  ……………………………..    1

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

Total  ………………………………………….. 100

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

Key Areas :

#   High Speed Rail Corridors………… 10

#   Rivers to be interlinked …………… 37

#   Ports under Sagarmala……………  605

#   Plants to extract Biomass………. 5,000

#   Houses to get Subsidy …………… 2 CR

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Key Concerns :

[ A  ]

    Preparing “ Investment Estimates “ was never any serious problem for us

    5 years ago ( on 07 April 2014 ), I had made following estimates ,using BJP Manifesto of

    2014 (  Don't Ask " How " ?  )  :

   
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PROJECT   .................................... Approx Cost ( Rs Lakh * Crores  )

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#  100 Mega Cities........................   90

#  Interlinking of Rivers..................  60

#  Sagar Mala of Ports....................  30

#  Highways ( 25,000 Km )..............  50

#  Housing ( 100 mill units )............   100

#  Rivers Cleaning..........................   10

#  Other Infra Projects....................    100

   * Freight Corridors

   * Gas Grids

   * OFC Network

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Total ..........................................Rs  430  Lakh Crores

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 [  B  ]

 In the current “ Sankalp Patra ( new name for Manifesto ) “ of BJP, there is no mention of precisely WHAT / HOW MUCH got actually achieved ( - a kind of REPORT CARD ) against whatever “ Physical  Targets “ were set in 2014, - and using HOW MUCH investment !

Simple Summary of Sankalp

[  C  ]

How are those funds going to be mobilized , considering that :

#   For the past 2 years, Private Investment has dried up

#   Govt is seriously considering reduction in Personal and Corporate Income Tax

#   Banks / Financial Institutions are plagued by huge NPAs and unwilling to give loans

#   Many bankers are under investigations and more are expecting !

To me, getting BLACK MONEY to get into PRODUCTIVE ASSETS , through AMNESTY SCHEME ( along the lines of Indonesia which last year managed to raise $ 342 Billion through such a Scheme ), seems the only way out !

Dear Narendrabhai :

Even RAMAYANA and MAHABHARAT are having incidences where Lord Rama / Krishna had to resort to ( apparently unethical ) MEANS in order to achieve ultimate GOOD !

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25  May  2019

hcp@RecruitGuru.com

40 GW : 70 GW : 300 GW : 800 GW

40 GW  :  70  GW  :  300 GW  :  800  GW

 Context :  Centre to invite bids for 40GW battery plants    

Highlights :

#     The government is considering a plan to establish battery making capacity of 40

       gigawatts (GW) 

#   Even for just FAME II EV targets, we will require 70 GW batteries in the next 3 years

#   With plans to add 175 GW of renewable energy generation capacity by 2022 and ensure

     that 30 % of India’s vehicles are electrically powered by 2030, the demand for battery

     storage is pegged at 300 GW

#   There will be 4 plants ( in 4 selected states ) of 10 GW capacity each ( totaling 40 GW )

#   Each 10 GW plant is expected to cost $ 10 Billion ( total of $ 40 Billion for 4 plants )

#   The Centre is exploring the opportunities on how to make battery manufacturing at

     giga-scale happen quickly and in the shortest possible time because that is the crux of

     the entire growth , be it Electric Vehicles or new and renewable energy sources

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This is a very welcome initiative on the part of NITI Aayog

But I have following questions / concerns / reservations :

#   4 States are to be selected on the basis of the “ incentives “ that they will offer for

     setting up this project in their territory. 

If left “ open-ended “, this could well result into

     a quagmire of “ permutations / combinations “ , demanding comparison of Apples with

    Oranges ! 

There will be un-ending disputes re “ arbitrary and non-transparent “ selection

    process and references to Rafale deal ! 

These disputes will take months to resolve !

    It will be better if NITI Aayog prescribes a set of incentives with “ Minimum Cut off Limit “

    for each incentive , below which a State’s offer will be rejected

    Chosen states should be expected to enter into an MOU , under which they undertake to

    complete each activity ( Hand-over of land / Connecting the Power – Water  Supply /

    Issue of Construction Permissions / Exemption from labour laws / Exemption from

    Environment Pollution Act etc ) by specific dates

 

   

#   Private companies ( whether Domestic or Foreign ) bidding for the projects, must submit

     a PERT chart for the implementation of the project, and clearly list the “ Assumptions “

     that they have made in the preparation of the PERT chart . 

No bid should be considered

     without this

#  Bidding parties MUST clearly spell out in their bids , how much of the required FUNDS

    they will raise from each SOURCE

    This is a very crucial factor while selecting a party , considering that Banks / Financial

    Institutions / Equity Market , are all extremely reluctant to finance any Lithium-ion

    Battery Project since Battery selling prices are continuously falling by as much as 19 %

    per year !

   {  Projections :  2017 > $ 240/Kwh  //  2025  >  $ 109 / Kwh  //  2030  > $ 73 / Kwh  }

    This puts tremendous pressure on the revenue / profit stream !

#  If, neither the Private Sector has the money ( Rs 80,000 Cr per year , for 10 years in row

    ! ), nor is NDA 2.0, likely to find Foreign Investors to pump in such huge amounts by way

    of FDI  , then what is the solution ?

    As far as I can see, the only way to raise such huge amounts of LOW RISK ( - and LOW

   RETURN ) funds in a QUICK WAY, is concept of :

    Government to launch “ Battery Infra SPV “

·         Under Indonesia type “ Black Money Amnesty Scheme “ enable stashed away Black Money to come out in the official banking channel ( through deposits made in “ INFRA ACCOUNTS “ – like Jan Dhan Accounts ) . Remember , Indonesia managed to raise $ 342 Billions !

           Read :

    https://myblogepage.blogspot.in/2017/12/but-where-is-money.html

·         Such converted ( Black to White ) monies can only be invested in “ Battery Infra SPV “

Hoping for any other way to raise such HUGE amounts of “ Risk Free “  and  “  Interest Free “ funds , in such a short time , would only amount to  WISHFUL  THINKING  !

I hope someone has the courage to tell the public this terrible TRUTH !

It is time to forget all that senile talk of an AMNESTY SCHEME rewarding the dishonest tax-evaders and punishing the honest / middle class tax payers !

It is time to tell the people : If we want to eliminate air pollution and save 600,000 premature deaths per year , thenMeans are unimportant ;  Ends are  !

          

Releted Reading :

Mobility on the Move – Finally  ……………………….[ 09  March  2019 ]

India : Energy Storage Mission ……………………….[  04  Dec  2017  ]

Only electric 2-wheelers may be sold in country after 2025     [  24  May  2019  ]     

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25  May  2019

hcp@RecruitGuru.com