Thank You , Narendrabhai :

Thank you for telling the Business Leaders of America in your yesterday’s closed door meeting in New York :

“ Prime Minister Narendra Modi on Wednesday suggested that individuals have ownership of

  their personal data……

  During the closed-door meeting, Modi said that in future citizens would decide how they

  want their personal data to be used, including the possibility of opting to monetize it, but

  the government has not decided on the issue yet …………  “

source :

https://timesofindia.indiatimes.com/india/govt-will-try-to-balance-privacy-and-data-security-pm-modi-to-us-ceos/articleshow/71320055.cms 

Through such an unambiguous announcement, you have established the following inviolable fundamental principles concerning PERSONAL DATA :

#  Every individual is the ultimate OWNER of his personal data

#  He – and only, he alone – can decide ,

Ø   WHO can use this data

Ø   WHEN can he use it

Ø   WHAT purpose can he use it for

Ø   HOW can he use it

#  Individual will decide the VALUE of each element of his personal data and will be free to

    monetize that value , by agreeing to SELL it for a price to anyone who wants to use his

    data

Dear Narendrabhai,

Your just announced principles are fully supported by none other than Tim Berners Lee – the person who invented the Web, who says :

“Solid changes the current model where users have to hand over personal data to digital giants in exchange for perceived value.

As we’ve all discovered, this hasn’t been in our best interests.

Solid is how we evolve the web in order to restore balance - by giving every one of us complete control over data, personal or not, in a revolutionary way.

Solid is a platform, built using the existing web. It gives every user a choice about where data is stored, which specific people and groups can access select elements, and which apps you use.

It allows you, your family and colleagues, to link and share data with anyone. It allows people to look at the same data with different apps at the same time

( source  : https://inrupt.com/blog/one-small-step-for-the-web  )

Unfortunately , Solid does not enjoy acceptance or support from any government

But nothing stops the Indian Government to come out with its very own, ONLINE DATA CUSTODY / USAGE / MONETIZATION platform for its citizens, whose detailed operation I have explained in my following earlier E Mails :

Privacy For Sale                                                            [ 26 Aug 2017 ]

Digital Dividend from Demographic Data  [ 4 D ]                               [  14  Feb  2019  ]

( Extract from this email :

 

How much should we charge the Purchasers for record of each user included in the download ?

Rs 50 / =

How much do you think an user might earn per month from this arrangement ?

Assuming , his personal data gets included in 1000 downloads per month , he could end up earning Rs 50,000 per month !  ( a Universal Basic Income without burdening exchequer  )

 

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

To implement what I have suggested , is no rocket science . 

Given a challenge, any Indian Startup can develop such a platform in 6 months !

In the same New York meeting , you had also remarked :

“  The economic reforms that we announced in the past 4 months, is just a beginning . In

    the months and years to come, you will see many – and much bigger – decisions “

Dear Narendrabhai,

I urge you to set an example to the entire World by ,

Ø   Converting your announcement into your much bigger DECISION

Ø   Direct MeitY to implement it within 6 months

For complete list of 41 Emails sent to Cabinet Ministers earlier on this subject , refer :

Data Privacy Law : a Pandora’s Box ?                                       [  15  July  2018  ]

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

====

27  Sept  2019

Rsvp :  hcp@RecruitGuru.com

Quick Decisions ?

Today’s Economic Times carries following news :

Nitin Gadkari pitches for faster decisions by judiciary, banks and govt to boost growth 

Extract :

#   Union minister Nitin Gadkari made a strong pitch for quick decisions by the judiciary,

     banks and the government along with immunity from punitive action for bona fide errors

     to help accelerate economic growth, create jobs and combat poverty.

#  I am okay with people taking wrong decisions, but I dislike honest people not taking

    decisions,” Gadkari told the panelists and the audience

#  Further, Gadkari said bankers need to act quickly while the government should

    encourage them to take decisions without fear

#  He called for stern action against mala fide actions. “But you have to find out if the

    mistakes are bona fide or mala fide. If there’s a problem because of business cycles, or

    global demand and supply, we should not make them (the bankers) responsible. It’s time

    for the government to support them,” Gadkari said.

#   This over-cautious and conservative attitude is a problem,” he said.

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

Dear Shri Gadkariji,

It is easy to understand your frustration at this “ over-cautious and conservative attitude “

The reason behind this attitude is :

No honest decision-taker wants to stick out his neck – only to get it chopped of , a few months / years later ( of course, after due “ witch-hunting “ by CBI – ED – CVC etc ) , for a bona fide and honest mistake

This attitude can be changed by implementing my following E Mail :

To Err is Human            [  20  June  2014  ]

Extract :

To encourage Babus and Ministers to take FAST decisions , PM  Narendra Modi must insist that they carefully " Record " on the files :

*   What info / data he wished was available for a better decision

*   What different " views / opinions " were presented to him for consideration

*   What " Data / Views " he would have obtained if he had more time

*   Who all , the decision might offend

*   What is the likely " Cost " of postponing that decision

And finally a declaration as follows :

“ THIS DECISION IS NOT LIKELY TO BENEFIT ANY OF MY NEAR RELATIVES / FRIENDS ,

  DIRECTLY OR IMMEDIATELY “

 

After all of this , if the decision appears to be " Wrong " in hindsight , it must be " forgiven " and treated as an honest error

To err is human  !

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

Dear Shri Gadkariji,

If  you propose to implement my above-mentioned suggestion , I am sure , you will find total support, not only from Shri Modiji, but also from all the bureaucrats

Here is the proof :

Only yesterday , in a conference of American Business Leaders in New York, Shri Modi said :

“  The economic reforms that we announced in the past 4 months, is just a beginning . In

    the months and years to come, you will see many – and much bigger – decisions “

And 2 years ago, Shri Modi had said in a meeting of the bureaucrats :

 “ If a decision is taken with honest intention , truthfulness and for the welfare of the

   public, nobody can raise a finger at you

   Something momentary may happen , but I am with you “

 

Source :

Take decisions fast, don't fear consequences: PM Modi tells bureaucrats  [  22 April  2017  ]

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

26  Sept  2019

Rsvp : hcp@RecruitGuru.com

Something is better than Nothing

That could be said about the following news :

Jobs data accounting for small businesses soon     [ Hindustan Times / 22 Sept 2019 ]

This set of data will also count proprietary shops or self-owned, self-operated businesses which may have no hired labour, such as a roadside vendor.

The establishment-based survey by the labour bureau

Highlights :

#   The country’s first periodic labour force survey (PLFS) for July 2017-June 2018 released

     by the government in June showed an unemployment rate of 6.1%, the highest in about

    four decades.

#  The last “unemployment-employment survey” was carried out in July 2011-June 2012,

     according to which the all-India unemployment rate was 2.7%.

#   In 2018, when at least 28 million people applied for about 90,000 vacancies announced

     by India Railways, the country’s biggest employer

#   In any jobs survey, people with jobs are categorised as employed.

     People without jobs but looking for work are considered unemployed

     

#  The labour force participation rate is sum of :

    [ people who are employed + people who are not employed ]

     

    In a rough-and-ready sense, the unemployment rate then is simply :

    { number of unemployed / the labour force } x  100

    

Above findings must be read in conjunction with the following report prepared by Labour Bureau  :

Mudra loan reality check: Each job costs Rs 5.1 lakh; only 20 percent borrowers started new business     [  Financial Express / 04 Sept 2019 ]

Highlights :

#  The draft report has found that as many as 1.12 crore additional jobs were created

    during the first 33 months (April 2015-December 2017) of the implementation of the

    scheme

#  Break-up of these 1.2 cr “ additional jobs “ :

Ø   self-employed or working owners, including unpaid family members…...................... 51.06 Lakh

Ø  employees or hired workers ………… 60.94 Lakh

Ø  only one of five beneficiaries (20.6 per cent) availed the Mudra loan for starting a new business while the remaining applicants used the Mudra money for expanding their existing business.

 

Ø  The report also said that the number of additional jobs created in 33 months was less than 10 per cent of the total number of loans

Ø  During the first three years, Rs 5.71 lakh crore of loans was sanctioned

Ø  The loans provided under Shishu category led to the creation of 66 per cent new jobs. The new job creation percentage for loans under Kishor and Tarun categories were 18.85 per cent and 15.51 per cent respectively.

Ø  Dividing the total amount of loan disbursed by the number of additional job created, one comes to the conclusion that around Rs 5.1 lakh in Mudra loan was extended for creation of each additional job

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

Above findings must be read in conjunction with my following earlier Email to the Cabinet Ministers  :

 

    How much Capital to create One job ?             [  22 June 2017  ]

  Extract from above-mentioned Email :

 Some ONE MILLION  ( ten lakh ) youngsters enter the job market , EACH MONTH

How much CAPITAL ( fixed + working ) would be required to give jobs to all of them ?

Following are my guesses to create just  ONE JOB  in :

·         Pan Beedi shop ( self-employed )………….Rs   1   lakh

·         Tiny grocery shop ( owner operated )…. Rs   3   lakh

·         Barber shop …………………………………………..Rs   5   lakh

·         Pharmacy shop……………………………………… Rs   10  lakh

·         Auto Repair Garage………………………………. Rs   20  lakh

·         Small Factory ( 50 people )………………..   Rs   50  lakh

·         Medium Factory ( 100 people )……………. Rs   75  lakh

·         Large light engineering factory………………Rs  100  lakh ( Rs 1 cr  )

{ Just proposed SAMSUNG factory in UP will invest Rs 5,000 cr and , at full capacity , employ 5,000 people }

·         Machine Tool Manufacturing factory………………….   Rs  2  crore

·         Heavy Engineering factory ( Pressure Vessels )…. Rs  5  crore

·         Service Industry ( based on IT / internet )…………. Rs  50 lakh

It is not difficult to see WHY jobs are not getting created , despite the fact that we have a huge DOMESTIC MARKET to serve 1.3 BILLION people !

It would require a huge amount of CAPITAL to create jobs for 12 million people, each year

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

Conclusions :

#  “ Mudra Loan Impact Report “ findings confirm the estimates in the above mentioned

       blog / E Mail  [  Rs 5.01 lakh to create each “ Self Employment “- on an average  ]

#    Even if motivated by yesterday’s announcement of drastically reduced Corporate

     Taxes , if NEW MANUFACTURING factories were to come up, there is no way these

     can create ONE MILLION new jobs ( hires ), per month !

At an estimated investment of Re 1 CRORE per hire ( in a Light Engineering Factory ), we would need investment of Rs 1 MILLION*CRORE per month !

#   It is high time our Economists / Political Leaders / TV Panel Experts etc., admit this

     fact and focus on creating SELF EMPLOYMENT

#   In the meantime , to generate a huge CONSUMER DEMAND ( the Prime Motivator for

     new investments ) , Govt  should drastically reduce the Personal Income Tax , as

    suggested in my following E Mail yesterday to the Cabinet Ministers :

 

         Better late than Never 

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

22  Sept  2019

Rsvp :  hcp@RecruitGuru.com