2021 [ 3 ]
Small Steps for Small Firms ? Not enough………………………[ 07 Mar 2021 ]
Gaining Ground : Virtually ………………………………………………………[ 01 Mar 2021 ]
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
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
Wednesday, 10 March 2021
Summary of E-Mails to Cabinet Ministers > SELF EMPLOYMENT / GIG ECONOMY
Small Steps for Small Firms ? Not enough………………………[ 07 Mar 2021 ]
ApprenticeShip : Unanchored and ready to sail ? …………[ 08 Feb2021 ]
2020 [ 17 ]
Congratulations, TATA………………………………………………………………[ 27 Dec 2020 ]
Human Resource Capital of the World ?............................[ 23 Nov 2020 ]
Social Security for Unorganized Labour ………………………………[ 17 Nov 2020 ]
Migrant workforce = 42 Crore ( MSME + Self Employed )…[ 09 Oct 2020 ]
Fresher need not apply ? ………………………………………………………….[ 09 Sept 2020 ]
E-Waste : Converting a Threat into Opportunity …………………….....[ 04 July 2020 ]
Congratulations , Shri Mahesh Kumarji………………………………….[ 20 June 2020 ]
Dairy Business : Calling Entrepreneurs ………………………………….[ 10 June 2020 ]
Providing Jobs : a Fundamental Right ?...............................[ 07 June 2020 ]
Thank You, Shri Hardeep Singh Puriji…………………………………….[ 01 June 2020 ]
Street Vendor Loan Scheme………………………………………………………[ 14 May 2020 ]
Wages during Corona Lockdown ?.......................................[ 30 Apr 2020 ]
When the dust settles………………………………………………………………….[ 17 Apr 2020 ]
Permission to create jobs ?.................................................[ 14 Mar 2020 ]
Congratulations, Shri Ajit Pawar / Shri Nawab Malik……………[ 06 Mar 2020 ]
Unending Caravan of Data-Bases ?.......................................[ 20 Jan 2020 ]
Job Creation : Not a question of options ………………………………….......[ 13 Jan 2020 ]
2019 [ 5 ]
Something is better than Nothing……………………………………………[ 21 Sept 2019 ]
Census 2021 : an Unprecedented Opportunity………………………[ 11 Apr 2019 ]
Thank You , Prakashbhai ( Javadekarji )………………………………..[ 03 Apr 2019 ]
Congratulations , Anilbhai Naik…………………………………………………[ 08 Feb 2019 ]
Organizing the Unorganized………………………………………………………[ 04 Feb 2019 ]
2018 [ 8 ]
Idea for Self Employment ?................................................[ 11 June 2018 ]
Not Funds : They need Freedom………………………………………………[ 29 Apr 2018 ]
#Jobs #SelfEmployment #Unemployment……………………………[ 29 Apr 2018 ]
#GoogleJobs #JobSearch #GoogleIndia…………………………………[ 25 Apr 2018 ]
#BPO #IBPS #DigitalIndia #LiFi #WiFi………………………………….[ 11 Apr 2018 ]
Self Employed Indians inherit the Earth ?........................... [ 26 Jan 2018 ]
Safeguarding Existing Jobs ?................................................[ 24 Jan 2018 ]
Miracle of Self Employment…………………………………………………………[ 06 Jan 2018 ]
2017 [ 11 ]
National Jobs Policy : Treasure Hunt …………………………………….[ 15 Dec 2017 ]
Discovering the Obvious ?..................................................[ 30 Nov 2017 ]
In a State of Denial ?..........................................................[ 22 Sept 2017 ]
Ready to be Ridiculed………………………………………………………………….[ 23 Aug 2017 ]
Who is Clueless ?................................................................[ 16 July 2017 ]
How much Capital to create One job ?.................................[ 22 June 2017 ]
Taxing Times for Robots ?...................................................[ 01 Mar 2017 ]
Baby Steps won’t do !..........................................................[ 12 Feb 2017 ]
Will Holograms beat H1B Visa Ban ?....................................[ 31 Jan 2017 ]
The Mini Wall of Mexico……………………………………………………….......[ 28 Jan 2017 ]
Universal Basic Income………………………………………………………........[ 20 Jan 2017 ]
2016 [ 7 ]
How About Virtual Call Centers ? …………………………………………[ 04 Oct 2016 ]
A Booster Shot ? …………………………………………………………………....[ 04 Sept 2016 ]
Missing the Woods for the Tree ? …………………………………………[ 12 Aug 2016 ]
Robots Robots Everywhere , not a Soul to See ! ……………….[ 10 Apr 2016 ]
Age of Automation ………………………………………………………………....[ 25 Feb 2016 ]
Exporting Manpower ? ………………………………………………………… ..[ 23 Feb 2016 ]
TEN MILLION START- UPS IN ONE YEAR ? ………………………….[ 16 Jan 2016 ]
2015 [ 10 ]
AGENDA FOR REFORMS ………………………………………………………….[ 01 Oct 2015 ]
Start-Up Eco-Systems / USA vs INDIA ………………………………….....[ 01 Oct 2015 ]
WHEN IS RANK # 1 BAD ? ……………………………………………………..[ 26 Sept 2015 ]
TREADING THE BEATEN PATH ? ……………………………………………[ 25 Sept 2015 ]
FROM JOB-SEEKERS TO JOB-CREATORS ? ………………………….[ 15 Sept 2015 ]
MYTH OF JOB CREATION ? ……………………………………………………..[ 13 Sept 2015 ]
A NEW ECONOMIC ORDER ? aka " Start Up Act - 2015 "………....[ 12 Sep 2015 ]
– A game-changing REFORM, now being implemented ( partially ) as One Person Company
Maid in India ? …………………………………………………………………………[ 10 Aug 2015 ]
If Mohamed cannot go to Mountain ……………………………………….[ 26 July 2015 ]
CREATE SELF EMPLOYMENT …………………………………………………..[ 21 Feb 2015 ]
2013 [ 1 ]
HALF – A – WORLD APART ……………………………………………………….[ 17 Feb 2013 ]
2012 [ 1 ]
IT PAYS TO BE AN ENTREPRENEUR …………………………………………[ 30 Jan 2012 ]
2011 [ 1 ]
Tuesday, 9 March 2021
Gig Economy : A New Name for Self-Employment / Entrepreneurship ?
Context :
Good
job ! How gig economy has changed the employment landscape in pandemic times
( Business Line / 09 Mar 2021 )
Extract :
Ø This
year’s Economic Survey noted India becoming one of the world’s largest
flexi-staffing or “gig-work “ economies, thanks to the emergence of digital
technologies
Ø Estimated
No of Gig Workers…………. 3 million in a work force
of around 500 million
Ø Maximum
demand for gig workers :
# Last mile delivery of essential goods
# Creation,
moderation and cataloguing of digital content
# Tele-sales and Operations Management
# Online proctoring or remote online exam
invigilation
PROMINENT FACILITATORS OF GIG WORKING :
[ A ]
Nimish Sharma , CEO and co-founder
, Workex [ nimish@workex.xyz / support@workex.xyz ]
Highlights :
# On its
digital platform, Workex lists gig jobs from over 500 cities
# In the pre-pandemic days, nearly 60 % of the assignments came from
companies in Delhi, Maharashtra
and
peak of the lockdown
# “ Blue collar work is almost entirely a local demand-supply market. Businesses
prefer blue-collar
workers who
explains Nimish Sharma
[ B ]
Annanya Sarthak, CEO and
co-founder, Awign [ sarthak@awign.com ]
Highlights :
# ( Awign ) is not a job-listing platform. Instead, it contracts large chunks of
projects from
companies big and
fractions of a large task to thousands of gig workers
# With nearly 8 lakh gig workers on its platform, Awign claims to have utilized
the services of more than 90,000
# About a third of those enrolled on its platform are college students
# In the nine months since the pandemic, more than 2.5 LAKH gig workers
have executed
nearly 2 MILLION ,
“
# In Jan 2021 alone, nearly 2,500 gig workers helped in creating 1,25,000
pieces of DIGITAL
CONTENT every
# “ That’s why we are witnessing an EXPLOSION in the demand for DIGITAL
CONTENT gigs “ , said Sarthak
# The average salary of a Gig Worker on Digital Platforms increased from Rs
10,000-15,000 to Rs 15,000 –
# The ability to break down complex Digital Projects into a series of tiny,
repeatable
tasks allows Awign to
workers who can execute them after undergoing a training session that lasts
about an hour
# “ Anyone who is a graduate with decent communications skill and access to a
Camera-enabled computer, could
It entails monitoring of exam takers to ensure there is no wrongdoing and
answering simple
scientific calculator can be used.
Exam proctoring can
Sarthak
# In a country of India’s size, educational institutions, the various arms of the
Government
and the Private Sector
TESTS and exams annually
===================================================
MY TAKE :
For past few years , I have been requesting our Policy
Makers to focus and facilitate, SELF EMPLOYMENT,
since it is simply impossible to generate 12 MILLION new jobs each year, year
after year
Above-mentioned article clearly demonstrates that, if my suggestions are considered , it is entirely possible to create 12 MILLION , "Self Employed " every year
Following is a ( partial ) list of my 64 e-mails sent to our
Cabinet Ministers , on this matter :
===================================================
2021 [ 3 ]
Small Steps for
Small Firms ? Not enough………………………[ 07 Mar
2021 ]
Gaining Ground :
Virtually ………………………………………………………[ 01 Mar 2021 ]
ApprenticeShip :
Unanchored and ready to sail ? …………[ 08
Feb2021 ]
2020 [ 17 ]
Congratulations,
TATA………………………………………………………………[ 27 Dec 2020 ]
Human Resource
Capital of the World ?............................[ 23 Nov 2020
]
Social Security for
Unorganized Labour ………………………………[ 17 Nov 2020 ]
Migrant workforce =
42 Crore ( MSME + Self Employed )…[ 09
Oct 2020 ]
Fresher need not
apply ? ………………………………………………………….[ 09 Sept 2020 ]
E-Waste
: Converting a Threat into Opportunity …………………….....[ 04 July 2020 ]
Congratulations ,
Shri Mahesh Kumarji………………………………….[ 20 June 2020 ]
Dairy Business :
Calling Entrepreneurs ………………………………….[ 10 June 2020 ]
Providing Jobs : a
Fundamental Right ?...............................[ 07 June
2020 ]
Thank You, Shri
Hardeep Singh Puriji…………………………………….[ 01 June 2020 ]
Street Vendor Loan
Scheme………………………………………………………[ 14 May 2020 ]
Wages during Corona
Lockdown ?.......................................[ 30
Apr 2020 ]
When the dust
settles………………………………………………………………….[ 17 Apr 2020 ]
Permission to create
jobs ?.................................................[
14 Mar 2020 ]
Congratulations,
Shri Ajit Pawar / Shri Nawab Malik……………[
06 Mar 2020 ]
Unending Caravan of
Data-Bases ?.......................................[ 20
Jan 2020 ]
Job
Creation : Not a question of options ………………………………….......[ 13 Jan 2020 ]
2019 [ 5 ]
Something is better
than Nothing……………………………………………[ 21 Sept 2019 ]
Census 2021 : an
Unprecedented Opportunity………………………[ 11 Apr
2019 ]
Thank You ,
Prakashbhai ( Javadekarji )………………………………..[ 03
Apr 2019 ]
Congratulations ,
Anilbhai Naik…………………………………………………[ 08 Feb 2019 ]
Organizing the
Unorganized………………………………………………………[ 04 Feb 2019 ]
2018 [ 8 ]
Idea for Self
Employment ?................................................[
11 June 2018 ]
Not Funds : They
need Freedom………………………………………………[ 29 Apr 2018 ]
#Jobs
#SelfEmployment #Unemployment……………………………[
29 Apr 2018 ]
#GoogleJobs
#JobSearch #GoogleIndia…………………………………[ 25
Apr 2018 ]
#BPO #IBPS
#DigitalIndia #LiFi #WiFi………………………………….[ 11
Apr 2018 ]
Self Employed
Indians inherit the Earth ?........................... [ 26 Jan 2018 ]
Safeguarding
Existing Jobs ?................................................[
24 Jan 2018 ]
Miracle of Self
Employment…………………………………………………………[ 06 Jan 2018 ]
2017 [ 11 ]
National Jobs Policy
: Treasure Hunt …………………………………….[ 15 Dec 2017 ]
Discovering the
Obvious ?..................................................[
30 Nov 2017 ]
In a State of Denial ?..........................................................[
22 Sept 2017 ]
Ready to be
Ridiculed………………………………………………………………….[ 23 Aug 2017 ]
Who is Clueless ?................................................................[ 16 July 2017 ]
How much Capital to
create One job ?.................................[ 22
June 2017 ]
Taxing Times for
Robots ?...................................................[
01 Mar 2017 ]
Baby Steps won’t do !..........................................................[ 12
Feb 2017 ]
Will Holograms beat
H1B Visa Ban ?....................................[ 31 Jan
2017 ]
The Mini Wall of
Mexico……………………………………………………….......[ 28 Jan 2017 ]
Universal Basic
Income………………………………………………………........[ 20 Jan 2017 ]
2016 [ 7 ]
How About Virtual
Call Centers ? …………………………………………[ 04 Oct 2016 ]
A Booster Shot ? …………………………………………………………………....[ 04 Sept 2016 ]
Missing the Woods
for the Tree ? …………………………………………[ 12 Aug 2016 ]
Robots Robots
Everywhere , not a Soul to See ! ……………….[
10 Apr 2016 ]
Age of Automation ………………………………………………………………....[ 25 Feb 2016 ]
Exporting Manpower ? ………………………………………………………… ..[ 23 Feb 2016 ]
TEN MILLION START-
UPS IN ONE YEAR ? ………………………….[ 16 Jan 2016 ]
2015 [ 10 ]
AGENDA FOR REFORMS ………………………………………………………….[ 01 Oct 2015 ]
Start-Up
Eco-Systems / USA vs INDIA ………………………………….....[ 01 Oct 2015 ]
WHEN IS RANK # 1 BAD ? ……………………………………………………..[ 26 Sept 2015 ]
TREADING THE BEATEN
PATH ? ……………………………………………[ 25 Sept 2015 ]
FROM JOB-SEEKERS TO
JOB-CREATORS ? ………………………….[ 15 Sept 2015 ]
MYTH OF JOB CREATION ? ……………………………………………………..[ 13 Sept 2015 ]
A NEW
ECONOMIC ORDER ? aka " Start Up Act - 2015 "………....[ 12 Sep 2015 ]
– A game-changing REFORM, now being
implemented ( partially ) as One Person Company
Maid in
India ? …………………………………………………………………………[ 10 Aug 2015 ]
If
Mohamed cannot go to Mountain ……………………………………….[ 26 July 2015 ]
CREATE
SELF EMPLOYMENT …………………………………………………..[ 21 Feb 2015 ]
2013 [ 1 ]
HALF – A
– WORLD APART ……………………………………………………….[ 17 Feb 2013 ]
2012 [ 1 ]
IT
PAYS TO BE AN ENTREPRENEUR …………………………………………[ 30 Jan 2012 ]
2011 [ 1 ]
NSSO
WORKFORCE SURVEY – INDIA ……………………………………[ 02 July 2011 ]
===================================================
With regards,
Hemen Parekh
/
hcp@RecruitGuru.com / 10
March 2021
Sunday, 7 March 2021
Small Steps for Small Firms ? Not enough
Context :
Abridged Annual
Return in Form MGT-7A for OPCs & Small Companies
Extract :
Ø “Provided
further that the Central Government may prescribe abridged
form of annual return for “One Person Company,
small company and such other class or classes of companies as may be
prescribed”.
Ø “(1)
Every company shall file its annual return in Form No. MGT-7 except One Person
Company (OPC) and Small Company. One Person Company and Small Company
shall file annual return from the financial year 2020-2021 onwards in Form No. MGT-7A.”
===================================================
Context
:
OPC
Annual Filing – Important Statutory due dates for FY 2019-20
Extract :
E-Form AOC 4
due date
- This
is to be filed with relevant ROC, within 180 days of the close of
financial year.
- In
case of an OPC, the annual financial reports contain only
particulars such as Balance
Sheet, Profit and Loss Account, Auditor’s Report, and the Consolidated
Financial Statement.
ROC Form MGT 7 Due date
- This
is one most important RoC return filing for an OPC (One Person Company),
which contains current / updated information about the directors and shareholders of the OPC.
=================================================
Context :
List
of Annual Compliances by One Person Company
Extract :
Ø
A One Person Company shall
file its Annual Return
within 60 days of entry of ordinary resolution in Minute Book.
Ø
With a view to facilitate ease of doing business
and for reducing the burden of One Person Company, the Central Government has
prescribed abridged form
of Annual Return to be annually filed by One Person Companies.
Ø
Annual Return of every One Person Company shall
be signed by the company secretary or where there is no company secretary, by the director of
the company.
Ø
The financial statements of a One Person
Company can be signed by
one director alone.
Ø
Cash Flow Statement is not a mandatory part
of financial statements for a One
Person Company. Financial statements of a one person company need to be filed
with the Registrar, after they are duly adopted by the member, within 180 days
of closure of financial year along with all necessary documents.
===================================================
MY TAKE :
Dear Smt Sitharamanji,
Ø This
is a very welcome announcement , but I urge you to “ Go the Whole Hog “ and totally abolish Corporate Income Tax for first 10 years of operations
for “ One Person Companies “ as suggested in my following earlier
e-mails :
One
Person Company [ OPC ] – A welcome FIRST step……………..[ 15 Feb 2921 ]
21-22 Budget Blues : One Person Company ( OPC )……………………[
01 Feb 2021 ]
A New Economic Order ? aka " Start Up Act - 2015 "……………..
… [ 12 Sep 2015 ]
Ø There
is no way , either Public Sector or Private Sector, can generate 12 million NEW paid jobs
each year
Ø In
the past one year , millions of persons employed with our 65 million MSME have lost their jobs
Ø This
is on top of 55 million
youth ( out of 219 million in age group of 15 – 24 ) already unemployed
Ø Government
must pull out all stops to enable them to become “ SELF EMPLOYED “
Ø By
making my suggested announcement ( viz: No Corporate Tax for OPC for 10 years ) , Govt loses
nothing, since, in any case these 55 million are NOT paying any PERSONAL
INCOME TAX !
Ø On
the other hand , by getting them “ Registered “ on Income Tax Department portal
as “ ZERO TAX PAYERS “ ( despite honestly
declaring each year’s PROFIT and accumulating OFFICIAL wealth-corpus ) , Govt
will be able to track, how much INCOME they are managing to EARN by becoming SELF EMPLOYED
Ø This
is a simple and straight forward method to bring these
55 million into “ Organized Data-Base “
Lesson from History :
Ø A
few years back when Pradhan Mantri Jan Dhan Yojna ( PM-JDY ) was launched, no
one had ever thought of allowing people to open a bank account with ZERO balance ! It was unthinkable . But it was a revolutionary / out-of-box
thinking on your part which has by now, enabled 41.75 crore ( 417.5 million ) citizen
to open bank accounts.
Ø In March 2015, the percentage of ZERO BALANCE accounts, was 58 % . Today it is a mere 7.5 %
This is a proof that the Govt. committed to #FinancialInclusion to all citizens
( source : Jan
Dhan accounts cross 41 crore, only 7.5% zero-balance accounts )
Ø Implementing
my suggestion will ensure #TaxAccountability
for all ( even for those paying ZERO tax )
With regards,
Hemen parekh / hcp@RecruitGuru.com / 08
March 2021
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