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

Sunday 29 October 2017

#Federalism ?

Federalism  ?


After assuming power some 40 months back , no doubt NDA government made a few mistakes – like the ill-fated “ Land Acquisition Bill



Surprisingly BJP ruled States ( such as Gujarat / Maharashtra ) came out with their own versions , based on :


Land Acquisition Solution  [  05  May  2015  ]


Now these States have no difficulty in getting the farmers to give up their farm lands for Infrastructure Projects .


I believe , even the new State of Telengana and its twin Andhra have adopted the route of  “ making the farmers , a stake holder and share in the prosperity on a permanent basis


Then , in announcement of DE-MONETIZATION , NDA government made some mistake as well , but I am still hoping that they will come out of this CHAKRA-VIEWH , by implementing :





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


Even as the various political parties – and sections of public – continued to focus on these “ shortcomings “ of NDA government , its  greatest achievement  has gone almost unnoticed !


The achievement of ushering FEDERALISM in India

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


Federalism 1.0   [  01  Jan  2015  ]  NITI  Aayog


Reconstituting old Planning Commission and forming of NITI Aayog – National Institute of Transforming India


NITI Aayog has , as its members , Chief Ministers of all the States – including States where opposition parties rule


During its existence , NITI Aayog has come up with many far-reaching policies which will truly transform India . All of these policies emerged after intense debate and reaching a CONSENSUS


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


Federalism 2.0  [  08  Aug  2016  ]  GST  Act



After more than a year of CONVINCING the opposition parties , government finally succeeded in passing the GST Bill in Lok Sabha


Then a group of State Finance Ministers ( including from opposition parties ruled States ) struggled for months to finalize the formation of GST Council – once again with REPRESENTATION of ALL states


Over the past 14 / 16 months , GST Council met nearly 30 times to evolve the rules / regulations and GST rates for thousands of items – all through CONSENSUS


After roll out on 01 July 2017 , GST Council keeps meeting , almost twice a month , to sort out problems faced by businesses / traders / industries etc – again thru CONSENSUS



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



Federalism 3.0  [  Dec  2017  ]  Ram Mandir



I believe the Supreme Court will start the final hearing of this decades-old dispute between the Hindus and the Muslims , on 05 Dec 2017


I urge ALL the Political Parties / the Supreme Court and the Public-at-large , to reach a CONSENSUS ( in the spirit of FEDERALISM ) , as suggested in :


SarvaDharma Sthanam ?  [ 02  Oct  2017  ]

https://myblogepage.blogspot.com/2017/10/sarva-dharma-sthanam.html

 

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

 



Federalism  4.0  [  Jan 2018  ]  Formation of State Governments



In Dec 2017 , elections for the State Legislatures will be held in Gujarat / Himachal Pradesh


Based on which party wins a clear majority , governments will be formed in Jan 2018


As per various surveys , BJP is likely to win in both the States with handsome majority or even absolute majority


This offers to BJP , a golden opportunity to come forward and offer to form “ Coalition Governments “ in both the States – despite no need to do so !



Making of such an offer , will serve following purposes :


·         It will convince our 870 Million voters that BJP truly believes in FEDERALISM


·         It will ensure for BJP , 350 seats in 2019 Lok Sabha election



·         These State Level “ Pilot Projects “ will silence the “ Doubting Thomases “ for ever



For formula of such a “ Coalition Government “ , look up :


AConstitutional Coalition Government ?  [  02  Oct  2016  ]

https://myblogepage.blogspot.com/2016/10/a-constitutional-coalition-government.html

 

ConstitutionalCoalition Aftershocks !  [  02  Oct  2016  ]

https://myblogepage.blogspot.com/2016/10/constitutional-coalition-aftershocks.html

 

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

 


Federalism 5.0  [  May Day – 2018  ]  Kashmir



Empower our Interlocutor to make following offer to all parties ( Hurriat / National Conference , included ) :



If you give up all talk of Azadi / Autonomy , I will try to convince the Central Government ,



#   To retain Article 370 permanently


#   To hold fresh state elections in May 2018


#   Amend the Constitution which would allow formation of a “ Coalition Government “ in
     Kashmir , with Ministerial seats distributed in proportion to the “ percentage of
     seats won / percentage of votes polled “ by the contesting parties , with no recourse
     for a “ Vote of Confidence / Vote of No Confidence / Imposition of President’s Rule
    If you believe that YOU represent the WISHES of Kashmiris , then prove it in a
    democratic manner



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



Federalism  6.0  [  May  2019  ]  Formation of Central Government



Enthused by the “ Pilot Projects “ – and learning a few lessons in actualizing of FEDERALISM in  Gujarat / HP - , let BJP commit in its  Election Manifesto – 2019 :


“ If voted to absolute majority , we promise to amend the Constitution before Dec 2019 and form a Coalition Government at the Centre by Jan 2020


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



Dear Shri Narendrabhai :


To create a Federal Germany , Bismarck took 20 years ( 1850-70 ) and shed a lot of blood



In 2017 , you have the opportunity to unify Indian States as never before – and in a democratic / peaceful / all-embracing manner – a Sardar Patel like statesmanship !



In fact , this is your chance to leapfrog China and offer to the warring factions of IraqSyriaAfghanistanYemenPalestine and of numerous African countries engaged in virtual Civil War , a new alternative for achieving peace and prosperity




30  Oct  2017


   
    

     

Saturday 28 October 2017

#Aadhar

Fait   Accompli  ?


Those fighting Aadhar are fighting a “ lost cause “


They have filed in the Supreme Court , petitions / public interest litigations ( PIL ) , to :


·         Scrap Aadhar Act , altogether


·         Stopping biometric profiling


·         Seeding bank and mobile databases with Aadhar



Will anyone tell them :


·         Government has mandated that all Smart Phones are pre-installed with BHIM


·         RBI is insisting that ALL Mobile Wallet Apps become “ interoperable “ through UPI



·         All Mobile Wallet Apps need to be linked to user’s Bank Account Numbers


·         All E – Commerce Apps , anyway , need to be linked to user’s Bank A / C



·         All other FINTECH apps also have to be linked with Bank A/C



·         All Debit / Credit Cards are always linked to Bank A/C numbers


·         Aadhar is mandatory for 130 Welfare Schemes for DBT ( Direct Benefit Transfer )
    into the Bank A / C of each beneficiary . And these beneficiaries Mobile Number
    are part of the registration for these Schemes


·         Linking of Aadhar with PAN ( while filing tax returns ) is mandatory and taxes are paid by Cheques / E payments


·         Registration on ANY web site ( governmental or private ) always requires providing Mobile Number



·         All Messaging Apps ( WhatsApp / WeChat / Skype / FaceChat etc ) work on Mobiles


·         All apps by any Transport Service Provider ( eg UBER / OLA / Indian Railways / and soon , local Municipal Bus Services etc ) need linkage with , both , your Mobile Number and your Bank Account



·         All types of Apps by ANY KIND of paid Service Provider , links mobile with Bank A/C


·         Before long , Credit / Debit Cards will become “ Obsolete “ !



·         In 5 years , “ wearable / thinner than skin tattoos “ will replace Smart Phones, unless , by that time , Augmented Reality Headsets have already obsoleted Mobile Phones !


And , whether this happens or not , one thing is most certain


     Either some profit-motivated PRIVATE company or a security-motivated
    GOVERNMENT agency , will LINK UP  , all the above-mentioned personal
    databases , without your permission and without your knowledge !



May be the petitioners should read :




29  Oct  2017

  

Thursday 26 October 2017

#BlackMoney

8th  Nov  :  Anti  Black  Money  Day  ?


Whereas Opposition Parties ( primarily , Congress ) want to celebrate 8th Nov as a “ BLACK DAY “ , NDA government has announced that it will be celebrated as “ Anti Black Money Day



Although opinions are divided as to the DeMo having succeeded or not in getting the economy rid of the BLACK MONEY , one may ( grudgingly ? ) concede that this could be considered the FIRST STEP in that direction



But , it would be a pity if  8th Nov 2017 , ends up being no more than a series of celebratory and derogatory speeches on the merit / demerit of Demo !



Quite like paying homage to Mahatma Gandhi at Raj Ghat , every Nirvana Day , by offering flowers and the ritual of going around the memorial !



If NDA government is really determined to get rid ( permanently ) of existing STOCK of BLACK MONEY , and also FUTURE GENERATION of Black Money , then on 08 Nov 2017 , PM should announce introduction of RFID nano-chips in high currency notes of Rs 2000 ( existing ones to be replaced with new Plastic ones) - and forget re-introduction of Rs 1000 note



Exactly as suggested by me , ONE YEAR before the DeMo Day  , in my following blog / email dated 03 Nov 2015 :


Networkof Currency Notes  [  03  Nov  2015  ]





Followed by another 38 emails sent to the Central Cabinet Ministers between Nov 2015 and the date of DeMo announcement ( 08 Nov 2016 )



For those 38 links , look up :







Those who doubt the feasibility of this technological innovation , please read following :




australian economy  /  03  July  2017


Cash crackdown boss floats nano-chips in notes

THE man charged with cracking down on the “black economy” has revealed how he would like to keep track of your $100 and $50 notes.


Hi-tech nano-chips would be implanted in Australia’s “disappearing” cash under a plan floated by Michael Andrew, the head of the federal government’s Black Economy Taskforce.


“You could put a trace on some of these notes to see where they would go. YOU CAN USE NANO TECHNOLOGY TO PUT LITTLE CHIPS IN SO YOU COULD THEN TRACE IT.”


For full report , click :





As to the feasibility of this suggestion , here is what a leading authority on RFID chips wrote to me :



25  March , 2016


Dear Mr. Parekh,

Yes, placing tags on money has certainly been considered in the past.  I think it is a matter of time before it happens. I do agree with your idea. 

----------------------------------------------------------------

13  Nov  2016

Hi Hemen,

It can be brought down to about 3-5 cents with scale. 

Meanwhile check out a variant of the technology which is cheaper:




27  Oct  2017

www.hemenparekh.in / blogs

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



When I emailed Sanjay re the development in Australia , here is how he replied :



Dear Sanjay ,

Your prediction is about to come true  !


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


Indeed  !
Sanjay Emani Sarma

 <sesarma@mit.edu>



(The wisdom is Siri's, the typos mine.)


Wednesday 25 October 2017

#BankRecapitalization

Only  Rs  7,000  per  Family  ?



Gujarat Samachar ( 25 Oct 2017 ) carries following news report :

( loosely translated by me from Gujarati )




“  To bail out Public Sector Banks , each and every family will need to fork out Rs 7,000


Banks may not lend to citizens but citizens must pay
This amount ( Rs 2.11 lakh*crore ) will have to come from the government treasury . That means , this is tax-payers’ money !


Finance Minister calls this a “ Bold Step “  !


In normal course , banks are supposed to help out the citizens but , in India , it is other way around !


That is not a “ Bold Step “ !


At present there are 30 crore “ families “ in our country . Hence this bail out works out to Rs 7,000 per family


So , this amount will get transferred to these bankrupt banks without the knowledge of these families


So what is government doing ? Transferring citizen’s tax-money instead of reforming the bank administration !


This will only lead to worsening of their position
This has happened earlier also . History repeats without banks mending their ways !


If they are guaranteed repeated bail out , where is their incentive to improve ?


In the end , only the tax payers will foot the bill





More than 2 years ago , I sent the following blog to the Policy Makers :





Tuesday, 23 June 2015


Bank  Re-Capitalization  ?



Here is a layman's understanding :


*   Bank executives give Rs 4 Lakh Crores worth loans to   Industrialists / Businessmen ( who , sometimes happen to be close relatives / friends )

   
   

*   Bankers " forget " to examine past records of loan-repayments by these individuals 

   

*  
Banks do not share among themselves info about " black-listed " borrowers


*  Banks " forget " to inquire if a loanee is a " Benami " company


*  
Banks do not incorporate stringent clauses in loan agreements (on purpose )


*  
Banks adopt " Forget & Forgive " approach to defaulters


*  
For loan recovery , bankers wait for other  bankers to take the lead


*  
Before taking action , bankers check-out with people in power


*  
When sinking under the burden of NPA , bankers run to Government of India to bail
    them out through " Bank Re-Capitalization "

     


*  
Government oblige by giving money to stressed banks, so that they can survive


*  
Government rationalize its bail out by saying, " depositors must be protected " .
    Sounds so reassuring  !


*  
Government then goes out and raises taxes ( direct + indirect ) to balance its books (
    Current Account Deficit ? )

   


In a nutshell :


*  
Eventually , honest tax-payers foot the bill, one way or the other 


*  
7,000 + loan-defaulting swindlers spend vacation in Switzerland with family ( and
    their politician friends ) - till they are ready to borrow more !


   

*  
Bankers vie with each other to " Re-Schedule Payments " and advance fresh loans to
    pay off old loans ( Rs 4 lakh Crores of NPA ).

    If EU / IMF can do this for Greece , why cannot we ?

   

*  
Government will take pride in " Bold Banking Reforms "( to please IMF ? )


*  
As a Nation , we are very compassionate !  We cannot let any institution die !

    We are obsessed with keeping it alive at any cost . We must, forever, keep it alive
    with artificial ventilation / blood transfusion !


   
 

    It is time to re-think : 


   
When a person or an Institution just cannot be kept alive , it must be allowed to die ,
    in a dignified way !


 

   
Would it not be far better to protect the small bank-depositors by returning their
    deposits , rather than infuse Rs 4 lakh Crores into these banks , by way of re-
    capitalization ?




Am I missing out on something that economists know better ?



25  Oct  2017