Dear Mr Swamy ,
Last evening , on different TV channels , I watched your participation
on " Job Situation " and
" Current Economic Situation "
I fully support your idea re abolition of Personal Income Tax and , over the past 2
years , have emailed my suggestions to MPs / MLAs / Ministers /
Secretaries ( both , at Centre and at States )
Following email to Shri Adhia , is an example
If desired , I would compile these and email to you
In the meantime , I reproduce below , my yesterday's blog which
you may like
with regards ,
hemen parekh
Mumbai
(M) 0 - 98,67,55,08,08
www.hemenparekh.in
> Blogs
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FROM JOB-SEEKERS
TO JOB-CREATORS ?
How
to turn 12 million persons entering our work-force each year from being
job-seekers to becoming job-creators ?
At
the conceptual level , this was
well-answered in BJP poll manifesto as :
" Encourage and empower our youth for Self
Employment - incubating entrepreneurship as well as facilitating credit "
How to translate this policy into specific
actions ?
May be the clue lies in the following incidence
:
After getting a post-graduate degree in
engineering from USA , when I
returned to India in 1959 , my father
took me to meet Shri Manubhai Shah , the then Minister for Industry in Union Government
My father inquired if Manubhai could give me a
job in government
Manubhai answered :
" Chunibhai , I have no job for your son .
Let him set up a factory and manufacture
fractional horse power motors of which India is currently importing some 3000
per year
We will ,
> Immediately issue to him
, an Industrial License
> Allot him a factory-shed in Rajkot Industrial
Estate
> Give him a loan of Rs 5 lakhs to buy machinery "
56 years later , we are better organized /
equipped to " Institutionalize
" this pioneering thinking
Here is my suggestion :
* Role of
MakeinIndia web site
> On its web site ,
list 5000 products that we currently import ( with
annual import bill / sources / ave landed cost etc )
> Invite 1000
leading manufacturing companies of India , to make
online selection of minimum of 5 items each, for preparing DPR
(
Detailed Project Reports ) . Freely visible online database of who
selected which items will avoid duplication
* Role
of Manufacturing Companies
> Prepare and
submit to Ministry of Commerce, at least 5 DPR by
Dec 2016 . More the merrier !
Earlier the better !
> Each report must
carry , name of at least one bank which has
accepted that as a " Bankable Report " , eligible for funding
> Train at least
100 fresh engineering graduates in various
manufacturing related functions under GET ( Graduate Engineer
Training ) Scheme , each year
* Role
of Ministry of Commerce
> Publish DPRs on its web
site for free downloading
* Role
of Income Tax Department
> Give 200 % tax deduction to
existing manufacturing units for 2
years , for
employing fresh engineering graduates on their rolls ,
under :
" Graduate Engineers Training Subsidy Act - 2015 "
( to
be enacted )
This will
motivate manufacturing units to impart manufacturing
related experience
to fresh engineering graduates before they
venture to set
up own MSME factories
> Admit expenses incurred by
manufacturing units for preparation of
DPR ,under their CSR obligation ( 2 % of ave net profit for 5 years )
> Exempt all GET Start Ups ( registered on eBiz web site ) from
paying
Corporate Income Tax for first 10 years of working
> Exempt all GET Start Ups from
GST payment , for 10 years
* Role
of Fresh Engineering Graduates
> Get GET Training Certificate
from employer companies
> Download DPR from Commerce
Ministry web site
> Apply for funding to banks ,
attaching DPR and GET Certificate
> Upon receiving Approval
Intimation from bank , apply for various
permissions on eBiz web site , quoting Bank Approval Number
* Role of
ASSOCHAM / FICCI / CII etc
>
Encourage their manufacturing member firms to take on the
task of preparation of
DPRs and follow up
> Publish DPR reports on their
web sites for free downloading
> Constitute State-wise "
Hand-holding Teams " of retired
executives having
" Manufacturing " experience , to guide the
local GET applicants
in obtaining all permissions from various
State Authorities
* Role of eBiz
web site
>
To make available in public domain , all investment related
applications , and progress status of each
* Role of
State Governments
>
To keep track of those eBiz investment applications where
the State
is the proposed manufacturing location
> Pro-actively reach out
to such applicants for expediting their
proposals
All of the above need not / must not take
months to materialize !
If it takes any longer , millions of India's
jobless will overthrow the governments in power !
We don't need an Oracle to tell us what future
holds for us !
-------------------------------------------------------------------------
hemen parekh
16 Sept 2015
From: Hemen Parekh
[mailto:hcp@recruitguru.com]
Sent: Monday, September 14, 2015 4:31 PM
To: 'adhia1981@gmail.com'
Subject: TAX REFORMS
Sent: Monday, September 14, 2015 4:31 PM
To: 'adhia1981@gmail.com'
Subject: TAX REFORMS
Dear Shri Adhia ,
Just came across ( on internet ) your invite to ordinary
citizens to write to you about tax reforms , - that too , on your personal
email ID !
Very enthusing , indeed . Congrats on your initiative
Over the past 2 years , I have prepared a few blogs on this
subject
I attach some of the recent ones , posted on my
personal site ( www.hemenparekh.in
> Blogs )
If desired , I could compile the earlier ones and send to
you
with regards ,
hemen parekh
( M ) 0 - 98,67,55,08,08
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