Monday 14 September 2015

AN EXAM WITH A DIFFERENCE !

World Bank / KPMG report ( Ease of Doing Business ) for India's States, which got released on 14 Sept 2015 , was an

Exam with a difference

An exam where the exam-paper was leaked in advance !

In fact , exam paper was set by the States being examined !

Now , you may wonder why,

* Tamil Nadu ( rank # 12 ) signed MOUs worth investments of

Rs 2.4 lakh*crores at recently concluded Global Investment

Summit - 2015

whereas ,

* Uttar Pradesh ( rank # 10 ) , could get investment

commitments worth only Rs 33,000 Crores during visit of

Shri Akhilesh Yadav to Mumbai recently

To unravel that mystery , you would need to know , how many marks UP and Tamil Nadu got , in each of the 98 questions !

But you would never know , if the Industrialists who signed those MOUs , had some other secret questions , beyond those 98 !

I believe , for the next round , DIPP is planning to raise the number of questions ( ranking parameters ) to 300 !

For this next exercise , I have following suggestion :

* Let InvestIndia web site ( owned by DIPP / FICCI / 28 States ), host an Online Questionnaire Survey on those 300 parameters

* Each " Ranking Parameter " to have a 5 point scale of rating

* Each parameter to carry a pre-assigned " Weightage " , clearly visible against each parameter

* Online rating to be carried out by Corporate Members of recognized Industry Associations ( FICCI / ASSOCHAM / CII etc ) and Member Firms of various Chambers of Commerce

* Online Rating to remain open for just ONE WEEK , - the first week of each quarter

* As soon as rating exercise gets over , algorithm-based and automatically computed " Analytics " ( Eg : Raw Scores / Percentile Scores / Co-efficient of Correlations / Frequency Distribution Curves / Standard Deviations / Regressions / Position Improvements etc ) , to become immediately visible to everyone

* The results should also be displayed on MakeinIndia web site

I believe this will make this exercise much more authentic / cheap / fast / unbiased / reliable and certainly less "controversial " as far as the States getting low ranks are concerned

Corporate and various political parties , will certainly have more faith in the " Impartiality " of such an Online Survey

And above everything else , it will motivate the States to keep improving on a continuous basis , thereby ushering , what Shri Narendra Modi likes to call ,

FEDERAL COMPETITIVENESS

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hemen parekh

15 Sept 2015

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Sunday 13 September 2015

MYTH OF JOB CREATION ?

Or , if you like , call it :

Truth of Job Creation !

In its poll manifesto ( 25 March 2014 ) , Congress party promised to create 100 million new jobs in 5 years ( ie: 20 million / year )

If elected to power , of course !

This , despite having created only 1.3 million jobs between 2004-2009 ( from 457.8 million to 459.1 million / NSSO report )

But the leaders who drafted BJP manifesto were much more practical / pragmatic

In its Manifesto , BJP said :

" Encourage and empower our youth for Self Employment - incubating entrepreneurship as well as facilitating credit "

Why did it say so ?

Take a look at the following news ( DNA / 11 Sept 2015 ) :

Against 368 vacancies of " Peons " advertized by UP Govt , applications received were as follows :

* Total Number of applicants.............. 20 lakh

{ 5,435 applicants for each post ! }

* No of PhDs.................................... 201

* No of Master Degree holders............ 20,056

* No of Bachelor Degree holders.......... 1,23,000

* No of 12th Standard pass................. 6,00.000

* No of 10th Standard pass................. 8,20,000

{ Minimum prescribed Edu Qualification }

I suppose these are those 20 lakh unemployed youth who registered on the UP Employment Exchanges , within the first 7 months of Shri Akhilesh Yadav forming the SP government !

Of course , those not getting appointed as Peons , will continue to receive every month , Rs 1,000 , by way of Unemployment Allowance , earlier announced by SP Govt

Now , if " Providing Jobs / Employment " , is a " State Subject " , then SP Govt in UP , may want to stop this dole-out , and replace it with the " Start Up Act - 2015 " described in detail on :

hemenparekh....in

It is time to dispel the Myth that either Industry or Government can ever succeed in creating 12 million new jobs each year !

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hemen parekh

14 Sept 2015

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Saturday 12 September 2015

A NEW ECONOMIC ORDER ? aka " Start Up Act - 2015 "

You may also call it , " Start Up Act - 2015 "

# Objectives of the Act

Every year , to create 5 million Start Ups , each employing 2 persons , for a total of 10 million new jobs per year

# Methodology

* Instead of Companies Act - 1956 , these Start Ups will be governed by the Start Up Act - 2015

* A Start Up can be launched by any Indian citizen under the age of 30 ( covering roughly 65 % of our population )

* A Start Up will need to register online on the web site of the Income Tax Department and obtain a unique " Start Up Number "

* Although all Start Ups will need to file annual Income Tax returns ( with full disclosure of income / expenses / profits / sources of funds etc ) , it will not be required to pay any Corporate Income Tax for the first 10 years of its existence

* A Start Up will be free to raise funds from any source ( Individuals / Companies / PE funds / VCs / Angel Investors / Religious Trusts etc )

* 100 % FDI will be permitted in Start Ups

* A Start Up can receive loans or equity and be able to accept fixed deposits . It can also give loans to individuals or other Start Ups or invest in other Start Ups by way of equity

* There will be no restrictions on what interest ( on loans / FDs ) that a Start Up may pay nor any restrictions on dividends it may declare

The dividends declared by Start Ups will not attract any Income Tax

* As far as the persons / companies etc providing funds to Start Ups ( by way of loans or equity ) is concerned , no questions will be asked re their source of funds

# What will happen ?

* Billions of rupees worth Black Money will flow into these Start Ups - money which is currently lying unutilized or locked up in unproductive assets

* If Jan Dhan Yojana could create 200 million bank accounts in 20 months , Start Up Act - 2015 , will create 200 million Start Ups in next 10 months !

All that led to this World record was , someone suggesting the unthinkable :

" Let us enable poor people to open bank accounts with ZERO bank balance "

" Start Up Act- 2015 ", will unleash a similar " Start Up Tsunami " !

* Within 3 months , thousands of Venture Capital Funds will be born , exclusively for funding of Start Ups ( You know who will set up these VCs ! )

* With NO Income Tax to be paid , Start Ups will conduct all transactions through cheques ( receipts / payments )

* GST collections will go up

* Domestic Savings Rate will go up

* Since millions of ( Black Money holding ) individuals / businesses will come forward to fund these Start Ups , lending pressure on banks will go down

* Who knows , Start Ups may get into the business of Assets Reconstruction and relieve banks of NPAs !

* With locally / domestically stashed Black Money flowing into the economy , our dependence on FDI will go down

* Corruption will decline drastically

# Why the need for Start Up Act ?

It is simple

In the past 300 years , we have had different systems of Economic Development , viz:

Communist / Socialist / Capitalist

There were periods when each worked well - depending upon the geography and the technological environment prevailing during those periods

Today, Internet and mobile apps are pushing the World towards an E - Commerce economy , which covers entire World seamlessly

Tomorrow , Internet of Things ( IoT ) , will tell us what we need to do and when ! Our lives will be dictated by devices !

That will demand a brand NEW SYSTEM of economic development which transcends national boundaries

Old rules / regulations / laws will not help us find jobs for 12 million youths entering India's work force each year

An ocean-going " Ship " , cannot traverse galactic distances of Space

Following in the footsteps of Albert Einstein / Stephen Hawking , we need to

" Bend the Space "

And travel through the Worm-holes !

Using the hologram of the " Start Up Act - 2015 " , we must project our economy into :

" Distributist Economy ",

which goes beyond the " Communist / Socialist / Capitalist " economies !

That is the ONLY WAY to create a ,

" New Economic Order / The Start Up Economic Order "

Last - but not the least :

No politician will oppose the unanimous passing of the " Start Up Act - 2015 " , in Lok Sabha or Rajya Sabha

You know why !

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hemen parekh

13 Sept 2015

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Prakash / Piyush / Nitin ko Kyun Gussa aata hai ?

Because they keep looking at the following figures re CHINA and feel very frustrated !

CHINA ,

* Consumes approx 50 % of entire World's consumption of Steel and

Cement , every year

* Has built one brand new city every 20 days , during last 20 years

* Plans to build one brand new city every 18 days for next 20 years

* Plans to move 350 million rural people to these cities in the next 15

years

( some 2 million people every month ! )

* Is building 3 * 1000 MW coal-based power stations , every month

* Added 13 GW of Solar Power plants in 2014. Will take total installed

capacity to 100 GW by 2018

* Against India's GDP at $ 1.88 Trillion , China's GDP is $ 9.24 Trillion

* Even if we manage to raise our GDP to 10 % per year , and even if

China's GDP were to decline to 7 % , it will take us a few decades to

catch up with China

Of course , Prakash / Piyush / Nitin firmly believe :

* Being able to vote freely and elect MP of your choice is GOOD

* Being able to form democratically elected Govt is BETTER

* Being able to debate issues in Lok Sabha is BEST

But ,

* Being able to save 1.6 million children ( under the age of 5 ) , dying

from starvation every year ( 4,383 / day ) , is DIVINE

Mahatma Gandhi once said :

" In the hands of starving , God appears in the form of bread "

Citizens of India are saying :

Our Beloved Netas ,

This coming Oct 2 , please save us from the spectacle of laying flowers on Bapu's samadhi !

Please shed your crocodile tears in the privacy of your homes !

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hemen parekh

12 Sept 2015

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Addendum on 30 Sept 2019 :

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After struggling for 3 years, Niti Aayog has developed a fairly elaborate framework for rating / ranking of various States on their " Ease of doing Business "

In the meantime, China has gone far far ahead and developed / installed " digital data compilation " of its 33 million Corporate and 1.4 Billion citizen

On dozens of parameters , corporate and citizen are being rated / ranked and offered benefits / incentives if ranked " Good " and punished / deprived of benefits, if ranked " Bad " !

To know the details of this " State Surveillance " system, read :

China is Building a Corporate Social Credit Data Surveillance Architecture

Wednesday 9 September 2015

" BACK FACTORY " OF THE WORLD ?

China is known as the " Factory " of the World

India is known as the " Back Office " of the World

Can India become the " Back Factory " of the World ?

Wrong question !

Right question is : WHEN can we become the " Back Factory " of the World ?

Answer is " hiding in plain sight " !

This week , an astronaut , sitting in a satellite 400 km above the earth and hurtling through space at 16,000 km per hour , operated a robot on the earth

Earlier , scientists sitting in NASA space centre or in Shri Harikota space centre , have operated Mars Rovers / MOM ( Mars Orbital Mission ) remotely

From a distance of millions of miles

And soon , astronauts will be sending emails to earthlings from millions of miles away , using " Space Internet " on their Mobile phones

Invariably , each such team of scientists , comprised Indians !

So , WHEN can our scientists - and software Start Ups - enable Indian workers , sitting in Hyderabad / Chennai etc , to operate / manipulate , machinery in factories of Europe / America / China ?

I believe this can become a reality by 2020 , if Central Government and State Governments , just get out of the way of our scientists / Start Ups and leave them alone !

Then tell them :

" You are our next generation of Freedom Fighters . Free our millions from

poverty / starvation / jobless depression / ignominy / suicides

Like war - ravaged people of North Africa , Indians cannot invade Europe / Australia / Canada , in search of jobs / better life

We depend upon you to bring the jobs to India - jobs such as ,

* Operating Machinery in Factories abroad

* Controlling Air Traffic at Airports around the World

* Operating upon patients in Hospitals , all over

* Teaching students in Schools , in remote Africa

* Any job that currently requires immediate presence of a worker

And , if you set up a " Back Factory " , you don't need to pay Corporate Income Tax for next 10 years !

Simply register on web site of Income Tax Department as a " Back Factory " owner and file annual " Zero Corporate Tax Return "

When this happens ,

> Millions of skilled Indian workers will operate factories around the World ,

sitting in , internet connected " Back Factories " in small Indian towns

> Foxcon will not need to replace its high-wage Chinese workers with one

million robots ( as officially announced sometime back )

At half the wages of those Chinese workers , Indians will operate Foxcon

factories , all over the World , remotely !

> " Contract Labour Act " will need to be replaced with " Back Factory " Act

> " Minimum Wages Act " will need to be scrapped !

> India will not need to fight with WTO on " Manpower / Service Exports "

> " Make in India " will morph into " Make from India "

I hope NDA Ministers and members of NITI Aayog will ask , Narayan Murthy / Sam Pitroda / Azim Premji / Sundar Pichai / Satya Nadela / Ray Kurzweil etc :

" How soon can this be done ? How can you help ? "

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hemen parekh

10 Sept 2015

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Tuesday 8 September 2015

PM Says : Seize the Opportunity !

Talking to Indian industrialists yesterday ( 08 Sept 2015 ) , Shri Narendra Modi said :

" We should look at the scenario today as an opportunity for India that must be seized "

Here is what he left unsaid :

" In order to seize this opportunity , Companies from all over the World are rushing in with announcements of their investment plans in India

If you need a proof , just look up,

" Who is investing in India ? "

on....www....B2BmessageBlaster.....com

You will find 800 + announcements from 64 + countries , growing at the rate of 50 new announcements , every day !

Industrialists from all over the World are rushing to India because their own national economies are either stagnant or shrinking , whereas , our GDP is growing at 7.5 % and likely to touch 8 % next year

Carpe Diem ! "

With regards ,

hemen parekh

09 Sept 2015

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