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Sunday 27 December 2015

BLUE-PRINT FOR START-UP NATION ?

Yesterday ( 27 Dec 2015 ) , in his " Man Ki Baat " address , with reference to planned launch of " Start Up India , Stand Up India " on 16 Jan , Shri Narendra Modi said :

# DEFINITION OF A START UP

" If a youth conceives a new idea that can give employment to poor, that can be called a Start Up .

# ACTION NEEDED

The banks should help these youth and encourage them

# INNOVATION CULTURE

Be it manufacturing , service sector or agriculture, this new initiative will bring in new ideas, new ways , and new innovations

# SCOPE

The scheme should reach out to the last person in the country

# REACH

They are made for the poorest of the poor "

No doubt , a great initiative

# QUESTION

When finally announced on 16 Jan,will this initiative be BOLD enough to make a difference ?

# ANSWER

It can be, if the concerned Minister will incorporate following suggestions sent , through

www.hemenparekh.in > Blogs

* A New Economic Order / Start Up Act - 2015

* Create Wealth to Create Jobs

But , if the Minister stays paralyzed by " fears of failure " , then expect a damp squib !

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hemen parekh

28 Dec 2015

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Saturday 26 December 2015

Kashmir Conundrum ?

They had said so !

* Congress veteran leader , Vasant Sathe was the first to say so

* Next , Faroukh Abdullah had the courage to say so

* A couple of years back , Prashant Bhushan hinted so

* Had BJP won 500 seats in 2014 Lok Sabha elections , Narendra Modi could be saying so

But everyone does not have the political un-orthodoxy which Narendra Modi displayed while dropping in at Lahore , 2 days back , to wish Pak PM Nawaz Sharif , " Happy Birthday "

No doubt , if Mahatma Gandhi was alive today , he would have applauded NaMo !

Remember , after India won independence in 1947 , he had the moral courage to say :

" Congress has fulfilled its mission . It is time to wind it up "

As to what solution they all had to offer for the 60 year old Kashmir problem , look up ;

www.hemenparekh.in > Blogs

and read :

# A 100 year Stand-off ?.... ( 28 Sept 2013 )

# A Contrarian View........... ( 26 Oct 2013 )

# Referendum in Kashmir ? ( 07 Jan 2014 )

# The Bitter Truth............... ( 07 June 2015 )

Will politicians on both sides of LoC , have the courage to tell their people :

" Those billions of rupees that our countries are spending each year on our military build-up , must be used to build infrastructure and thereby , remove poverty / diseases from our lands "

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hemen parekh

27 Dec 2015

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Friday 25 December 2015

Is Uma Bharti helpless ?

She is Cabinet Minister for Water Resources / River Development / Ganga Rejuvenation

Immediately after taking over in May 2014 , she launched " Swatchh Ganga " project

After struggling for past 19 months , Ganga continues to be as polluted as before

As it flows through the Northern States , thousands of factories continue to dump their untreated chemical effluents into it , despite laws prohibiting this

And hundreds of cities / towns , continue to discharge their untreated sewage into it

I am sure , if she were to read following news report in Business Line ( 26 Dec 2015 ) , she would want to cry in anguish and even wonder :

" Of course , democracy is a wonderful thing - provided

* MPs / MLAs server the interests of the people who elected them , whether they are in party of power or sitting in the opposition

* And the government officers / police were to enforce whatever laws exist and book the offenders, without fear or favor ( no " parrot in the cage " syndrome )

* And the Courts hear the cases and pass orders on the same day ( no dates )

But , if none of this is likely to happen in a democracy , can I have the powers of the Chinese Ministry of Environment Protection , which :

# Received 12,369 telephonic complaints

# Inspected 14 lakh companies between Jan - Sept ( 5091 per day )

# Ordered 28,600 companies to suspend their operations ( 102 per day )

# Shut down 17,000 polluting industries ( 61 per day )

# Found 46,800 companies discharging pollutants

# Discovered 63,700 companies involved in illegal constructions "

It is time citizens of India asked themselves :

" To 480 million BPL ( below poverty line ) people of India , what matters more ,

* Right to vote / select , MPs / MLAs , once in 5 years , or

* Freedom from hunger and freedom from pollution / diseases ?

For a solution , read my blog " ROMP - a panacea ? " at www.hemenparekh.in

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hemen parekh

26 Dec 2015

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Thursday 24 December 2015

Ditch Historical Baggage !

In Aug 2015, SIDBI launched a Rs 2000 Cr " Fund of Funds ", to support Venture Capital Funds

By now, proposals from 24 VC Funds for an aggregate amount of Rs 930 Cr have been cleared

A report in Economic Times ( 23 Dec 2015 ) quotes Shri Mohandas Pai :

" If Rs 10,000 Cr is given as seed capital, it can enable at least 30,000-35,000 Start Ups with the multiplier effect in the next 5 years, with a total impact of Rs 60,000-70,000 Cr on the economy "

Now , what can Rs 20,000 Cr manage to do ?

Simple but compelling arithmetic !

If Mr Pai was our Finance Minister , he would :

* Sell of 53 loss-making PSUs ( or at least close them down )

* Save Rs 20,000 Cr of losses these PSUs have been making , year after year

* Invest this Rs 20,000 Cr in " Fund of Funds "

* Help create 60,000-70,000 new Start Ups

* Add 700,000 new jobs ( @ 10 jobs per Start Up ? )

* Boost economy by Rs 140,000 Cr ( Capital Output Ratio of 1 : 7 )

But , if we are really keen to help create millions of Start Ups to raise India's GDP from Rs 2 Trillion to Rs 10 Trillion in the next 10 years, then Rs 20,000 Cr just won't suffice !

We would need Rs 20 Lakh*Crores ( 100 times more )

Not possible for Union Government to raise that kind of money - either by borrowing or by raising taxes

But not at all difficult for 3 crore tax payers , if we

* Abolish Personal Income Tax

* Introduce Black Money Investment SPVs

Read following blogs ( sent to all Ministers / Chief Ministers ) at ,

www.hemenparekh.in,

* A New Economic Order / Start Up Act - 2015

* Create Wealth to Create Jobs

* Agenda for Reforms

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hemen parekh

25 Dec 2015

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Tuesday 22 December 2015

PRODEVSYS

Prodevsys from hemen parekh

TEMPLES OF MODERN INDIA ?

In July 2014 , Rangrajan Committee defined the " Poor " in India as , following persons :

* In Rural areas ............. those whose daily expenditure was Rs 32 or less

* In Urban areas............ those whose daily expenditure was Rs 47 or less

That methodology placed below poverty line ( BPL ) , 363 million persons

Recently , NITI Aayog has come up with a cut-off point of 40 % of the expenditure curve , which places 484 million Indians below poverty line ( 48.4 crore persons )

Now , if NDA government were to close down / shut down 53 loss making Public Sector Units ( PSUs ) , it would save , Rs 53 Crore , DAILY ( Approx Rs 20,000 Crore every year )

That is a little more than Re 1 / - per poor person per day

Not much to feed his / her starving stomach

But enough to take out for each of them , that Medical Insurance , announced some time back , with much fanfare !

Now , if NDA government were to sell off the assets of these 53 loss making units ( mostly the land on which these are situated ) , it may even succeed in raising Rs 10,000 crores

It is high time NDA starts working for the poor , instead of paying Rs 20,000 monthly salary to a few thousand workmen , who have no work and pass their time playing cards on the shop floors of these factories !

If you have any doubts re my statement , just ask any TV channel to send an investigative reporter with a hidden web cam on the shop floors of these factories !

You will see the pathetic situations of , what Pundit Nehru liked to call , these " Temples " of modern India

Temples from where the " Gods " of Productivity have left and parasite " Poojaris " reign supreme !

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hemen parekh

23 Dec 2015

B2BmessageBlaster

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Monday 21 December 2015

How to conquer Corruption ?

There is only one sure - and superfast - way to get rid of corruption

By introducing :

* NEGATIVE MOTIVATION

Putting behind bars ( - and right away ; not after 6 years ) , every corrupt fellow and

immediately confiscating his ill-gotten wealth

* POSITIVE MOTIVATION

By abolishing Personal Income Tax and introducing Amnesty Scheme , incentivize

# converting of black money into white

# acceptance of all payments thru official channels

As far as providing " Negative Motivation " is concerned , I had sent following suggestion to our Hon Prime Minister / Finance Minister / other Ministers / Secretaries etc , on 4th Nov 2015 :

# INTERNET OF THINGS ( IoT )

As each currency note of Rs 500 / 1000 , is getting printed , embed it with microscopic

RFID chips ( with this , current cost of a RFID chip will fall from 50 paise to 5 paise )

Besides communicating with each other , these chips will also transmit their existence

location , through internet , to cloud-based servers of Income Tax Department

This will form a " NETWORK OF CURRENCY NOTES ( NoC ) "

You may like to call this Internet of Currency ( IoC ) , a sub-set of IoT !

# IP ADDRESS SYSTEM ( IP V 6.0 )

Each Rs 500 / 1000 currency note must be assigned ( at the time of printing ) , its own

unique Internet Address , using IP V 6.0

This IP address should be linked with the unique Serial Number printed on each note.

Since IP V 6.0 , will be capable of assigning " 2 * 10 to the power of 128 ", no of IP

addresses , there is no danger of running out of addresses , even if we decide to extend

this idea to Rs 100 currency notes !

Here are the most important BYE - PRODUCTs :

* No more possibility of fake / forged / counterfeit , currency notes

* No thief would ever want to steal such currency notes which continuously announce their

location

* No one would want to make any " Cash Deal " . All payments will become official only !

* Plastic currency notes will last 10 times longer !

This reform will enable the Central Government / Income Tax Department , to :

* Continuously trace the movement of each of these higher denomination currency notes

* Instantly locate any place ( using Google Map based GPS ) , where there is an

accumulation of more than Rs 1 Crore worth of currency notes

Such accumulation will be made to appear as a TAG CLOUD on the web site of IT Dept,

like thousands of balloons floating on a map of India , capable of being drilled down to

within 1 Sq Meter ! Of course , visible only to IT officers ; not to general public !

On each balloon , will appear a number announcing , " Amount of Cash here - Rs " !

This will vastly simplify the task of Anti Corruption Dept / Enforcement Dept etc

Of course , RBI will need to allow 6 month's time to the owners of current paper currency notes of Rs 500 / 1000 , to get these exchanged with new plastic notes before withdrawal of the old notes from circulation

Implementation of this suggestion , does NOT require passing of any BILL in Lok Sabha or being held to ransom in Rajya Sabha !

And it can be implemented in India , within ONE YEAR

But if Chinese President Xi Jinping comes to know about the practicality of this suggestion , he might implement it in 6 months !

How come ?

Simple ! Xi Jinping has the political will ! And no historical baggage !

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hemen parekh

22 Dec 2015

B2BmessageBlaster

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