While wishing everyone a very Happy Gudi Padwa , I would
like to share my following blog from www.hemenparekh.in
:
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Manifesto
Misconduct ?
In its
manifesto released yesterday , Congress has promised to create 10 Crore ( = 100
million ) new jobs in next 5 years , if voted to power
Now , EC's
Model Code of Conduct tells political parties ,
"
If you make any promise in your manifesto , you must also spell out , how
you are going to fund it ; how - and from where - you are planning to
raise the money to fulfill your promise "
No such
explanation / clarification in Congress Manifesto !
Only EC can
say whether this is a blatant violation of Code of Conduct
Provided ,
BJP / AAP lodge a complaint with the EC
But BJP /
AAP can do better than just lodge a complaint
In their
own respective manifestos , they too , can promise to generate 100 million new
jobs in 5 years , if voted to power
But
strictly , in
>
Organized Private Sector
>
Un-organized Private Sector
>
Self - Employed Sector
Now each
job will require an additional Capital ( fixed + working ) of Rs 1 million , on
an average
That means
, these Sectors ( not the Government ) will need to raise ,
>
Rs 1 million * 100 million ( Rs 10 Lakh * Crores )
If voted to
power , we ( BJP / AAP ) will enable these Sectors to raise this amount of
funds thru introduction of following schemes :
>
BLACK MONEY AMNESTY SCHEME
These Sectors
will be allowed to invest their Black Money ( whether stashed locally or abroad
) in specific , Government - Approved , " Infrastructure Bonds " . No
questions will be asked as to the source of the funds and the interest earned
will be tax-free for a period of 10 years
>
JOB GENERATION SCHEME
Since the
emphasis is on Job Generation , companies will be " incentivized " to
hire more permanent persons
The
incentive will be in the form of reducing Corporate Income Tax ( % ) as a
company's employment goes up by setting in motion , " INVERSION of
JOB REDUCTION " regime , under which ,
"
The more jobs a company creates , the less Corporate Tax it pays "
Example :
> Up to
employment of 100 persons ............................... 30 % tax
> 101
- 500 persons....................................................
25 %
>
501 - 1000 persons ...................................................
20 %
>
1001 - 5000 persons ..................................................
15 %
>
5001 - 10,000 persons .................................................
10 %
>
Above 10,000 persons
................................................. 5 %
Let us
celebrate those who provide employment to large number of persons
>
DOWN-SIZE GOVERNMENT SCHEME
*
Government is already over-staffed . It is hiring 4 persons to do the work of
one !
Hence , no
new jobs will be created in Government or in PSUs for next 5 years
There will
be a " Recruitment Freeze " in government - except for the defense
services
Government
/ PSU employment will be allowed to shrink thru resignations /
retirements / deaths etc , by adopting the rule of " No Replacements
"
>
SELF EMPLOYEMENT SCHEME
Every
unemployed person registering under this scheme will get an interest - free
loan of Rs 50,000 / - from any scheduled bank where he / she opens a bank
account , repayable in 10 years. Central Government will insure these
loan-re-payments
A suitable
mechanism will be put in place to prevent misuses such as ,
*
Duplicate loans from different banks
*
Already employed persons applying for loans
* A
loan-taker taking up a job after availing a loan
>
HONESTY REWARD SCHEME
"
Inverse " the " Personal Income Tax " slabs as follows :
>
Up to Rs 5 lakhs..................... NIL tax
>
5.1 - 10 lakhs....................... 8 %
>
10.1 - 20 lakhs...................... 6 %
>
20.1 - 50 lakhs..................... 5 %
>
50.1 - 100 lakhs..................... 3 %
>
Above 100 lakhs...................... 1 %
This will
encourage tax-payers to honestly declare their entire income and eliminate
tax-evasion / black money generation at the very source itself !
Under such
a scheme , Rs 5 * Lakh * Crores worth of estimated Black Money will return to
the official " White Money " banking stream , during FY 2014-15
itself !
Can you
imagine everyone wanting a " Cheque Payment " only !
And this
White Money will get deployed in the CAPITAL MARKET , officially !
With this ,
we expect the SENSEX to cross 50,000 by 2019 !
Listed "
Private Sector " companies will be able to attract funds at very low
interest rates and deploy these for creating productive assets / employment
These funds
will also encourage Private Sector companies to take up long duration
Infrastructure Projects - without asking the Governments to guarantee "
Viability Gap Funding "
>
CAPITAL ASSETS CREATION SCHEME
Under this
scheme , companies will be granted an " Accelerated Depreciation
" on incremental Capital Assets created during the year
This will encourage
companies to plough back their profits into creating manufacturing capacities ,
thereby improving the contribution of manufacturing to our GDP
Simultaneously
, this scheme will give a huge boost to India's Capital Goods Industry - the
mother of all industries !
I hope the
Manifesto - Writers of BJP / AAP etc examine these schemes and ask
of themselves ,
"
Will these meet EC's Code of Conduct ? "
And , will
these Manifesto Authors dare to promise ,
" If
voted to power , we will enact a law that makes each Manifesto , a legally
binding Contract between the people of India and the party making the promises
- breach of which , will be punishable by a jail term , of not less than 10
years "
*
hemen parekh ( 27 March 2014 / Mumbai )
From: Rajeev Kulkarni
[mailto:Rajeev.Kulkarni@helpageindia.org]
Sent: Friday, March 28, 2014 10:53 AM
To: Chapke D.N; Dr. D. jamuna; Colonel DPSingh; Dr. Alka Vyasa; t dak;
Shri Daulat Narula; Shankar Kinjawadekar; INDRAVADAN DESAI; Dr. Girish Gupta;
NATARAJAN V. S; Shri Prabhakar; Damodaran M.; Dr T.K.Nair; Dr Sangeeta A.
Bhamburkar; Dr. Virendra Bahadur Singh; DEV KUMAR PURNIA; DF Sonali Sinha;
Damodar Purushothaman; Dr Surendra; Dr B.Siva Raju; Dr C.S.Adhikari; Dr D.
G.Hapase; Dr Narendra Jadhav Member Planning Cmmission; ER. CAPTAIN; FEDSEN-
PUNJAB; FESCOM - Shri Chavare Ravji B.; Ms Alpa Desai (fwa); Shri R.K.Gupta
GAZHIABAD; Shri Anant Gholap; Mulkjit Kandal Maj. Gen.; MS GEETA; MS GEETA;
Syamantak Govind; Dr. Gouri Shankar; Ganeshan Pillai IMC; GAVANE VINOD A;
Gurajada Sobha; Gavane Vijay; Gangadharan K R; P R Gupta R; Pravin Laheri; Shri
J.R.Gupta; Yashwant Gharpure; Zirakpur Gurdip Singh; subbarao gandikota;
gangulavsreddy@yahoo.co.in; Hrishikesh Mishra; HARCHANDAN SINGH; Hemen Parekh;
AK Singh; Hiren.Mehta@harmonyindia.org; Mr. H.W.Toney; Mr. H.W.Toney; Prof
DIGAMBAR HANSDAH.; Yogesh Deputy; hari.nag49; Shri S.V. Iyer; TSivaramakrishna
Iyer; Dr. Indira Jai Prakash; Silver Innings; sachin mane;
Imbhalla1945@gmail.com; inderapsingh@gmail.com; Shubhada Jahagirdar Golden
Energizers; Jagat Chandra Bora; Jayashree Phene; jjkattakayam1@gmail.com; Shri
Gourachandra Sarma; Mohanlal ji; Dr. Jaydip; jayaraman vaidyanatha; Jagdish
Asthana Mathura; J. P. Agrawal Ex-Principal; sadasivan n; Ms Ravneet Kaur IAS;
Justice Rangarajan; Vijay Jog; JunnarDumbre Visawasrao; Janardanan T.R.; ODISHA
SCF-Jugal Kishore Sahoo; subhash joshi; jksdelhi2010@gmail.com
Subject: Re: Greetings
Dear Mr. Chapke,
Thanks for your Email.
Rajeev Kulkarni
94220 20699.
Manager, Pune
HelpAge India,
Sent from
Samsung Mobile
-------- Original message --------
From: "Chapke D.N"
Date:27/03/2014 22:13 (GMT+05:30)
To: "Dr. D. jamuna" ,Colonel DPSingh ,"Dr.
Alka Vyasa" ,t dak ,Shri Daulat Narula ,Shankar Kinjawadekar ,INDRAVADAN
DESAI ,"Dr. Girish Gupta" ,"NATARAJAN V. S" ,Shri Prabhakar
,"Damodaran M." ,"Dr T.K.Nair" ,"Dr Sangeeta A.
Bhamburkar" ,"Dr. Virendra Bahadur Singh" ,DEV KUMAR PURNIA ,DF
Sonali Sinha ,Damodar Purushothaman ,Dr Surendra ,"Dr B.Siva Raju"
,"Dr C.S.Adhikari" ,"Dr D. G.Hapase" ,Dr Narendra Jadhav
Member Planning Cmmission ,"ER. CAPTAIN" ,FEDSEN- PUNJAB
,"FESCOM - Shri Chavare Ravji B." ,"Ms Alpa Desai (fwa)"
,"Shri R.K.Gupta GAZHIABAD" ,Shri Anant Gholap ,"Mulkjit Kandal
Maj. Gen." ,MS GEETA ,MS GEETA ,Syamantak Govind ,"Dr. Gouri
Shankar" ,Ganeshan Pillai IMC ,GAVANE VINOD A ,Gurajada Sobha ,Gavane
Vijay ,Gangadharan K R ,P R Gupta R ,Pravin Laheri ,"Shri J.R.Gupta"
,Yashwant Gharpure ,Zirakpur Gurdip Singh ,subbarao gandikota
,gangulavsreddy@yahoo.co.in,Hrishikesh Mishra ,HARCHANDAN SINGH ,Rajeev
Kulkarni ,Hemen Parekh ,AK Singh ,Hiren.Mehta@harmonyindia.org,"Mr.
H.W.Toney" ,"Mr. H.W.Toney" ,"Prof DIGAMBAR HANSDAH."
,Yogesh Deputy ,"hari.nag49" ,"Shri S.V. Iyer" ,TSivaramakrishna
Iyer ,"Dr. Indira Jai Prakash" ,Silver Innings ,sachin mane
,Imbhalla1945@gmail.com,inderapsingh@gmail.com,Shubhada Jahagirdar Golden
Energizers ,Jagat Chandra Bora ,Jayashree Phene ,jjkattakayam1@gmail.com,Shri
Gourachandra Sarma ,Mohanlal ji ,"Dr. Jaydip" ,jayaraman vaidyanatha
,Jagdish Asthana Mathura ,"J. P. Agrawal Ex-Principal" ,sadasivan n
,Ms Ravneet Kaur IAS ,Justice Rangarajan ,Vijay Jog ,JunnarDumbre Visawasrao
,"Janardanan T.R." ,ODISHA SCF-Jugal Kishore Sahoo ,subhash joshi
,jksdelhi2010@gmail.com
Subject: Greetings
Dear Friends,
Celebrate the auspicious occasion of Gudi Padwa Amidst
fanfare & religious fervor.
May the day bestow on you and your family
members.......
Good luck, health & happy times
Wishing you a prosperous Gudi Padwa.
D.N.Chapke
President
All India Senior Citizens Confederation
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