Better late than Never

Yesterday’s corporate tax cut announcement by the Central Government, could be described as such

Over the past few years, many other countries have lowered their Corporate taxes

See details at :

List of countries by tax rates

https://en.wikipedia.org/wiki/List_of_countries_by_tax_rates 

This is something Companies were demanding for a long time . But it took the current sluggish state of our economy that finally triggered this action

Of course, this step would encourage those companies to now go forward with their investment plans – where these were held back due to uncertainty of the profitability

But, it would still NOT encourage any company to come forward with investment if the company does NOT see enough consumer demand for its products

Hence, can we expect Madam Sitharamanji to follow this up with a strong INCENTIVE to the consumers to loosen their purse strings and start spending to create a massive CONSUMER DEMAND ?

An incentive such as a deep reduction in Personal Income Tax ?

Or a GAME CHANGING and REVOLUTIONARY step of total abolition of Personal Income Tax ? – something which I have been advocating by sending following E Mails to the Cabinet Ministers :

A CASE FOR ZERO PERSONAL INCOME TAX              [  11  Nov  2014  ]

What would they do ?                                 [  03  May  2016  ]

What would happen ?                                  [  29  Sept  2017  ]

Tax Sops ? How about Abolishing ?      [ 08 Jan 2018 ]

Thanking You in Anticipation !             [ 24  Jan  2018 ]

( comprising links to 24 E Mails on this subject )

 

 

Waiting for the Full Film                      [ 01 Feb 2019 ]

Extract from the above mentioned  E Mail  :

After Shri Goyal’s  Budget speech yesterday , Shri Modi said :

“ This was only a trailer . Wait for the release of the full film after the general elections  “

Interpretation :

#  TRAILER

     Abolishing Personal Income Tax for persons earning up to Rs 5 lakh / year

#  FULL FILM

    Total abolition of Personal Income Tax .

   ( In past 3 years, I have sent 20 emails for releasing this film )

Madam Nirmala Sitharamanji,

 [ fmo@nic.in  ]

We are awaiting the release of the FULL FILM  !

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21  Sept  2019

Rsvp :  hcp@RecruitGuru.com

  

Realization ? Yes but Gradual and Grudgingly ?

Following news appeared today :

Soon, private vehicles to provide carpooling service

Just like ride-hailing apps Ola and Uber, private car owners can soon provide carpooling service.

Highlights :

#  The draft guidelines propose to limit the maximum number of rides taken per day to four

#   The carpooling concept would be based on no profit, no loss model and a service

     provider will only be able to recover the input cost

#   Carpooling by private vehicle owners will be allowed only through mobile apps.

#   Aggregators will need to ensure that KYC – or, the process of verifying the identity of a

     client – for both the vehicle owner and the riders is complete

#   The vehicle owner will have to declare trip details before the start of a trip.

#    With a massive push to Shared Mobility, the government aims to decongest roads by

      bringing down the huge numbers of cars plying on road. The move would also reduce

      pollution levels.

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Gradual and grudging because 2 years ago, Transport Ministry was opposed to the car-pooling idea , as reported under :

Transport ministry opposes NITI Aayog's plan to let taxi aggregators rope in private cars

 

 

The ministry is of the view that commercial vehicles are registered as such and there is no provision to allow private cars to run as app-based taxis.

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Except that the proposed guidelines , instead  of  encouraging car pooling, seems to be designed to kill this idea !

Who – and how – will  track  / ensure,  4 rides per day ?

What is the “ INPUT COST “ ( for hundreds of variants of cars ) and who will decide the same ?

How will Govt decide that car pooling remains “ No profit “ business ? 

And which car owner wants to go  through  all the  stringent restrictions / stipulations, for a “ No Profit “ business ?

How will you stop car pooling which is done offline ?     Happens even now !

Every ride may have different “ riders “ for each ride . Is e-KYC possible ?

Declare “ trip details “ BEFORE  start of EACH trip ?  To whom and how ?

     

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If the Transport Ministry is really keen to,

Ø    Push shared mobility

Ø    Decongest roads

Ø    Reduce pollution,

then , it should seriously consider implementing,

Transport : an Integrated Logistic Plan ?

But, I get a feeling that the Transport Ministry is trapped in the King Canute syndrome !

Remembering King Canute !  [  17  July  2017  ]

 

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17  Sept  2019

Rsvp :  hcp@RecruitGuru.com

Back to square one ?

Following news appeared in today’s Times of India :

In a few years, we’ll be making petrol from air

Burning petrol and diesel made from carbon dioxide present in the air does not cause global warming

If only we could suck carbon dioxide out of the air like plants, and turn it into useful things — like petrol, plastics and concrete — the spectre of global warming would go away.

 Scientists have long toyed with the idea of ‘direct air capture (DAC)’, but now it has become a viable technology, says Peter H Diamandis, founder of the XPrize Foundation.

Extract from Times of India news report :

“ In the coming 10 years, sourcing carbon out of the air will become more cost-effective than carbon sourced from the ground ( oil ).

By 2030, the carbon capture and utilization [ CCU ] industry is expected to reach $ 800 billion

While experts say DAC can compete with petroleum once the cost of carbon extraction dips below $ 100 per ton, one startup is already claiming $ 94 per ton , while another promises to do it at $ 50 per ton on large scale “

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Read technical narration at :

https://www.diamandis.com/blog/direct-air-capture 

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I suppose the very powerful OIL LOBBY [ OPEC ], will realize the threat and may even consider getting into the DAC game themselves , to render Startup competition, irrelevant !

After all, no startup ( or the VCs backing it ), can match the resources (funds )  of Oil Companies

The Oil companies do not want to become obsolete !

And that is the REAL DANGER

Carbon extracted from air will be converted into petrol  by Oil companies, using giant CONVERTERS ( instead of Crackers / Refiners )

Then marketed through the network of same petrol pumps , that exist today

And all existing petrol vehicles can fill up their tanks with this AIR-PETROL ( - expect the Oil companies to brand this as CLEAN PETROL  ! )

And all of these vehicles will continue to release CO / CO2 / Nitrous Oxide  emissions , as now !

Back to square one ?

Remember, this is not the same as extracting Water from thin Air – even in very dry areas, as described in :

Water above our heads [ 29  March 2019 ]

https://myblogepage.blogspot.com/2019/03/water-above-our-heads.html 

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15  Sept  2019

Rsvp :  hcp@RecruitGuru.com

Disruption : The New Survival Strategy

Context :

Three years after launch, Reliance Jio is ready with more disruptions  

Highlights :

#   Launched on Sept 05, 2016

#   Subscriber base of more than 340 million / second largest in the world

#  To serve the under-penetrated SME market / large enterprises and bringing in IoT

    applications. RJio is the only company with a complete portfolio from devices to cloud

#  In the past 3 years, RJio had entered into a series of partnerships for its digital

    initiatives, with following firms, for a cumulative investment of $ 1226 million :

Ø  Shopsense Retail Technologies ( Fynd )

Ø  Haptik Infotech ( Haptik )

Ø  Grab a Grub Services  ( Grab )

Ø  C-Square  ( Pharma Retail Solutions )

Ø  SankhyaSutra Labs

Ø  Surajya Services  (  “ Easygov “ )

Ø  Reverie Language Technologies ( Indian language translations )

Ø  NEWJ

Ø  Hathway

Ø  Den

Ø  Radysys

Ø  Individual Learning (  Embibe  )

Ø  Saavn

Ø  KaiOS Technologies  ( KTI   )

Ø  Eros International PLC

Ø  Infibeam

Ø  Balaji Telefilms

Ø  Netradyne Inc

#  RJio is also setting up a pan-India Edge Computing and Content Distribution network, as

    it readies to bring the Internet of Things ( IoT ), home broadband, enterprise broadband

    and broadband for SMEs.

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Here is what I envisaged 2 years back ( re: disruptions likely to be caused by Reliance ) :

What Business Are You In ? …………………………………………………..[  22  July  2017  ]

Extract from my blog :

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  HEALTH-CARE / EDUCATION /

EMPLOYMENT  ?

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

In another blog   [  Disruption : The Inevitable / 08 July 2018 ], I prepared the following

partial list of Industries which have been disrupted :

Extract :

What will this do to 1 Gbps  JioGigaFibre announced by Reliance just 3 days back ?

Short answer  :  Disrupt

“ What / Who”  else is in the process of getting “ disrupted “ or about to get disrupted – even if difficult to perceive as such  ?

( Current Industry )   getting disrupted by   ( New Comers )

*    Coal based Power Plants      >  Solar  Power  Plants

*    Banking Industry                >  FinTech Mobile Apps

*    Airlines  / Railways             >  Hyperloops   >   Holo-portation

*    Petrol –Diesel Cars             >  Electric Cars

*    Paper-based Newspapers    >  Walls of homes

*    Electric Transmission Lines  >  Roof Top Solar Panels

*    Mobile Phones                    >  Wear-ables  ( tattoos – glasses – watches etc )

*    Humans Effort                    >  Robots

*   Supply Chain  Delivery         >  Drones

*   Car  Ownership                    >  Autonomous  Ride Sharing

*   Manual Stock Trading           >  Algorithm-based trading 

*   Black  Money                       >  Currency notes embedded with RFID sensors 

*   Fiat based Currencies           >  Crypto Currencies 

*   Lithium-ion Car Batteries      >  Metal Air ( Alu ) Batteries   

*   Job Portals                           >   Google  Job  Search 

*   Battery Charging Stations     >   Piezo-Electric Generating roads 

*   Data Protection Law ( Draft )>    Privacy is Dead

*   Construction Industry          >     3 D Printed Houses

*   Telecom / ISPs                    >     Powerline Broadband  with  Li  Fi 

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05  Sept  2019

Rsvp :  hcp@RecruitGuru.com