RE: Greetings

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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