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

Tuesday, 15 October 2019

Will China Reign Supreme ?







Extract :

China is set to introduce its own digital currency - one that could allow the Government and the Central Bank to see what people spend on  ..


Far from the libertarian ideals of cryptocurrencies, whose anonymity allows users to buy and sell without leaving a digital trail, China's mooted e-cash system will be tightly regulated, experts say, and run by the People's Bank of China, the Central Bank


The country where social credit systems and facial recognition cameras are becoming wide-spread, a new Chinese cryptocurrency could allow the govt to more closely monitor the actions of its population

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


Only 2 years back , China had banned Crypto-currency exchanges and banned initial coin offering !


Now we see the reason :


When it come to Crypto-currency, the Chinese Govt just do NOT want any competition from any private party  . It wants its 1.4 billion citizens , to :


#  Stop using paper currency altogether

#  Switch over to its monopolistic crypto-currency for all purchases of GOODS and
    SERVICES ( no matter, how small and from whom )


In a nutshell, data on life-time purchases of everyone ( from cradle to grave ! )



For those who do not wish to sit down and make a list of thousands of GOODS / SERVICES they need throughout the day , here is a small sample :



#  Street-side Vendors / Kirana Shops / Misc Shops / Malls / Garments / Jewelry etc



#  Doctors / Hospitals / Drug Stores / Labs / Gyms /


#  Rickshaws / Taxis / Trains / Planes / Boats / any type of rented vehicles


#  Domestic Servants / Paper Vendors / Milk Vendors / Dhobi / Florists



#  Plumber / Carpenter / Electrician / House Cleaners / Masons




#  Yoga Teacher / Physio-therapists / Massagers / Beauticians


   
This list can run into thousands


And the Chinese Govt wants its citizens to throw away ( most likely convert ) their paper currency into its Centrally Issued Crypto-currency – may be by end of 2020




{  A far superior version of our very own De-Monetization , which increased corruption ! }




Have no doubt that this switch-over to Crypto-currency will start with the Chinese Companies / businesses , by end 2019




They must “receive “ and make all “ payments “, only through Crypto-currency  !





[  As I have pleaded earlier with our own Central Government, ALL businesses, ( no matter how
   big or small ), must raise ALL their bills / invoices , only through a CENTRAL GOVT
   PAYMENT PORTAL . Just no paper bills !


   And no need to file any GST RETURNS by any business since software of PAYMENT
   PORTAL will take care of that automatically ! Biggest grievance against GST will be
   eliminated ! ]




Chinese Companies must pay their workers / employees , only through Crypto-currency  !



All bank related account-keeping will be in Crypto-currency - [  Block-Chain Technology ? ] – whether Corporate Accounts or savings/current accounts of individual citizens



There will be no “ forgery “ , nor any unaccounted / tax-evaded “ BLACK MONEY “ !




May be this would eliminate the use of CASH in purchase of , difficult to detect “ physical assets such as LAND / GOLD / PROPERTY




May be, this revolution could reduce / eliminate CORRUPTION ( which is based on cash )




The Chinese Govt has already mandated that all smart phones sold / manufactured in China , must be based on Beidou Navigation System




Now Beidou is boasting of “ positioning accuracy “ of just 1 meter ( 3 feet )…… which can be improved to a few centimeters with augmentation systems



That fulfills the requirement of : Tracking mobile phones of every passenger in a vehicle !



And each of this mobile will come factory pre-installed with the Chinese Crypto-Currency Mobile App for making  , B2B / B2C,  DIGITAL PAYMENTS and Interbank Transfers !



QED :



-      Even as we keep ourselves busy trying to run down political parties  ?


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

Hemen Parekh

hcp@RecruitGuru.com

Sunday, 13 October 2019

A Railway Revolution ?




A  Railway  Revolution ?




Yes, Indian Railways are on their way to enable anyone to know, at any time, the precise position ( location ) of any train in India. Much like mobile app " Flight-aware " for airplanes


Here is the news :

Indian Railways is linking its trains to an ISRO satellite. How will it use 1.4 crore daily updates?  


    

Apart from knowing exact location and speed of trains, this ISRO-aided system will help in future planning.



Indian Railways is linking its trains to a satellite network of ISRO to collect 1.4 crore daily real-time updates on " location " and " speed ".




Congratulations , Shri Mukesh Nigamji,

[ MD, Centre for Railway Information Systems /  mukesh.nigam@cris.org  ]



With help of GAGAN [ GPS aided GEO Augmented Navigation ], you have managed to position every 30 seconds, some 20,000 passenger trains , starting from 7349 stations ! 


No mean achievement this !


Can this technology be extrapolated to track movements in REAL TIME, positions ( locations ) of 230 million vehicles plying on roads of India ?



And, if it can, what benefits could be expected ?


This is the crux of my following proposal :

{ source :Transport : an Integrated Logistic Plan ?


  

Parameter
GAGAN RTIS geo positioning of trains{ Real Time Information System }
My proposal for  a Trans-Tax system for all vehicles in India based on ISRO’s NaviC
Objective
Real Time control of train movements / improve punctuality and send emergency alerts
Reducing traffic-caused pollution thru dis-incentivizing fossil fuel vehicles by automatically computing “ Harm Quotient “ of each vehicle and imposing a Trans-Tax on hourly basis
Coverage
6,000 Locos ( 12,000 by year end )
230 million vehicles ( incl new )
Technology
Sensors mounted inside/outside locos will capture and relay data re location / speed / arrival-departure time / unscheduled stops etc , every 30 seconds to control room using GAGAN-RTIS

SIM of RTIS device will work on Airtel and Vodafone network but, in remote areas, it can relay data even without mobile connectivity

Device uses GAGAN to transmit data
RFID based sensors will be factory installed ( for new vehicles ) or retro-fitted. These will relay to NaviC, vehicle’s location every 10 minutes , in addition to data such as :
#  Energy Source ( fossil / EV etc )
#  Ownership ( private / public )
#  Purpose ( people vs freight )
#  Age of vehicle
#  Type of vehicle ( 2-3-4 wheel )
#   Capacity
#   Where plying
#   When ( time ) plying
#   Parked or moving ….etc
Communication
In case of emergency, driver can talk to the Control Room
Smart Phone of person driving the vehicle will receive SMS from NaviC re impending immobilization of the vehicle, in case lacking sufficient balance in vehicle’s bank account to pay tax
Cost of RTIS device
Rs  2  lakh per loco
May be a few thousand rupees !
How will RTIS help ?
It will enable Control Room operator to :
#   Halt or allow a train to move
#   Grant a block for track repair
#   Check unscheduled stoppages
#   Get accurate / instant location data
My suggestion will :

# transfer the motivation for pollution control to the vehicle-owners 

#  encourage use of EVs and new vehicles 

#  eliminate need for subsidizing buyers or manufacturers 

#  earn hourly revenue

# encourage use of Public Transport




Dear Shri Gadkariji,


This is your opportunity to save millions of Indian Citizens from dying a premature death due to emission pollution vehicles


RTIS / CRIS have proved that my proposal is entirely feasible and can be implemented within one year


with regards,

hemen parekh / hcp@RecruitGuru.com



References :

Pigovian Tax for Polluters ?  



Monday, 30 September 2019

Not a day too soon !




In fact, late by 5 years  !



Context :



Highlights :

The government is considering rationalising personal income tax rates in a move that will result in the increase of disposable incomes, especially among the middle class, and hopefully drive consumption and, therefore, growth

Depending on the impact the decision could have on revenue, various scenarios are being considered, the officials added.

But the idea is to giveat least a 5 percentage point benefit to every taxpayer

One of the options is to introduce a 10% slab for people having taxable income between Rs 5 lakh and Rs 10 lakh.

Currently, this slab attracts a 20% tax rate.

There are also options to remove cess, surcharge and several tax exemptions and reduce tax rate of the highest slab from  30%  to  25%,  

Currently, taxable income between Rs 3 lakh and Rs 5 lakh attracts a 5% rate.

A 20% tax is levied on the second slab (Rs 5-10 lakh taxable income) and 30% tax on income above Rs 10 lakh.

Income up to Rs 2.5 lakh is, however, tax free


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


Why 5 years too late ?


Following is an extract from my 5 year old email to the Cabinet Ministers :


Immediately modify  PERSONAL INCOME TAX  regime as shown in last column below :


   
 Tax Slab ( Rs L )
2019 Tax Rate ( % )
Now being considered
Proposed in my 2014 E Mail below

Upto 2.5
Nil
-
Nil

2.5 – 5.0
5
NIL ( ? )
Nil

5  -  10
20
10 %
8 %

10 - 20 
30
25 %
6 %

20 – 50
30
25 %
5 %


50 – 100  
30
25 %
3 %

Ø  100
30
25 %
1 %


  
   

For justification for this INVERSE TAX REGIME , read :

        Don't Ask " How " ?             /  07  April  2014  ]




Without doubt, cutting down on tax rates will :

Ø  increase of disposable incomes

Ø  drive consumption and, therefore, growth



To know who will spend this “ Consumer  Surplus “ on what kind of “ Consumption “ , and how will this boost the Economy, read :



What would they do ?                  [ 03  May  2016 ]



Proposed tax cuts might  – temporarily -  increase online sale of Amazon / Flipkart etc by  $ 10 billion over the forthcoming Diwali holidays


But these cuts are unlikely to set into motion, that VIRTUOUS CIRCLE which alone can take India to a $ 5 Trillion GDP by 2024

What will ?

Better late than Never           [  20 Sept 2019 ]


Listen to the Lone Voice !       [ 28 Sept 2019 ]


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01     Oct  2019
     Rsvp :  hcp@RecruitGuru.com