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

Monday 14 September 2015

The bad boy of India's startup ecosystem is back


MYTH   OF   JOB   CREATION  ?

Or , if you like , call it :

Truth of Job Creation  !

In its poll manifesto ( 25 March 2014 ) , Congress party promised to create 100 million new jobs in 5 years ( ie: 20 million / year )
If elected to power , of course !
This , despite having created only 1.3 million jobs between 2004-2009 ( from 457.8 million to 459.1 million / NSSO report )
But the leaders who drafted BJP manifesto were much more practical / pragmatic

In its Manifesto , BJP said :
" Encourage and empower our youth for Self Employment - incubating entrepreneurship as well as facilitating credit "

Why did it say so ?

Take a look at the following news ( DNA / 11 Sept 2015 ) :

Against 368 vacancies of " Peons " advertized by UP Govt , applications received were as follows :

*  Total Number of applicants.............. 20 lakh
    {  5,435 applicants for each post  ! }
*  No of PhDs....................................  201
*  No of Master Degree holders............ 20,056
*  No of Bachelor Degree holders.......... 1,23,000
*  No of 12th Standard pass................. 6.00.000
*  No of 10th Standard pass................. 8,20,000
   { Minimum prescribed Edu Qualification }

I suppose these are those 20 lakh unemployed youth who registered on the UP Employment Exchanges , within the first 7 months of Shri Akhilesh Yadav forming the SP government !

Of course , those not getting appointed as Peons , will continue to receive every month , Rs 1,000 , by way of Unemployment Allowance , earlier announced by SP Govt

Now , if " Providing Jobs / Employment " , is a " State Subject " , then SP Govt in UP , may want to stop this dole-out , and replace it with the " Start Up Act - 2015 " described in detail on :

hemenparekh....in....Blogs

{ A New Economic Order ? aka " Start Up Act - 2015 " }

It is time to dispel the Myth that either Industry or Government can ever succeed in creating 12 million new jobs each year !

-------------------------------------------------------------------------
hemen  parekh
14  Sept  2015



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