Don't Expect This in
Budget
Don't
expect my following suggestion to figure in the Budget speech which, Shri
Jaitleyji will read in Lok Sabha , a few hours from now
But
then it does not have to be !
First
break the unwritten rule : " If a reform was not announced in Budget
, then it cannot be implemented "
My
suggestion is about ATM V 2.0
Many
decades ago , ATM were first introduced in America when banks found long lines
of customers waiting to withdraw cash at the CASH COUNTER
In
America , cashiers are called TELLERS . So these CASH DISPENSING machines came
to be called AUTOMATIC TELLER MACHINE ( ATM )
In
India , we call these ANY TIME ( cash ) MACHINE , which give out cash
upon
*
entering a few details / code numbers into ATM screen
* amount of cash you want to withdraw and
* inserting your ATM Card in the machine
ATM
prints out a slip of paper incorporating full details of the transaction /
customer name etc
I
believe , nowadays , any ATM accepts ATM card issued by any bank , so you need
not worry to find a ATM belonging to YOUR bank ( where you have YOUR bank
account )
MY SUGGESTION :
*
Come out with ATM V 2.0 ( call it , " Automatic Taker Machine " ? )
*
Install one in every bank branch and at 145,000 post offices ( India Post's
Payment Banks )
* ATM V 2.0 does NOT " dispense"
cash . It only " accepts " cash !
*
Cash depositor will enter personal details ( Aadhar No / Jan Dhan Bank A/C No
etc ) and amount being deposited
*
ATM V 2.0 will count the cash ( much like currently used CASH COUNTERS at most
bank branches )
*
It will print out a RECEIPT , giving full details
*
All ATMs ( V 2.0 ) will be inter-connected in a
Network having a CENTRAL server
*
All cash deposited ( by every user ) will be
used for Infrastructure SPV
*
Depositor will earn annual interest @ 5 % on CASH
deposited ( Receipt wise )
*
Cash Receipts can be en-cashed upon maturity of 10
years ( like FIXED DEPOSIT receipts )
*
Interest will be TAX FREE and get directly
deposited in depositor's Jan Dhan Bank A/c
* No questions ( as to the source of the cash deposited )
will be asked ( Perpetual Amnesty Scheme )
I
understand , Jan Dhan Yojana managed to garner deposits of approx Rs 30 thousand
crores in 18 months
ATM
V 2.0 , will bring back those Rs 34.4 lakh*crores of undisclosed assets that
are lying in foreign banks ,
AND
Rs
340 lakh*crores of unaccounted BLACK MONEY lying in domestic bank lockers ( or
locked up as gold / land )
In
deep space , there are BLACK HOLES which suck in all matter . Even light cannot
escape from a black hole
ATM V 2.0 will be our WHITE
HOLES which will suck in all black money Indians have stashed
anywhere !
Let
us use this INNOVATION , which is simply re-configuring well-established
and straight forward HW / SW !
Dear Shri Jaitleyji ,
There is no need to worry about how to raise revenue to fund
those Infrastructure Projects to generate jobs
No need to widen tax net ( from 4 % to 23 % ) or borrow
money from market or abroad
No need to announce in your budget speech this morning
! No passing of any BILL in Rajya Sabha !
---------------------------------------------------------------------------------------------------------------------------
www.hemenparekh.in
/ blogs
29
Feb 2016
Warm Regards,
Hemen Parekh
(M)=91 – 98,67,55,08,08
From: Hemen Parekh
[mailto:hcp@recruitguru.com]
Sent: Sunday, February 28, 2016 9:20 AM
To: Hemen Parekh; 'shaktikanta.das@nic.in'; 'narendramodi1234@gmail.com'
Cc: 'Hasmukh Adhia'; 'ajaitley@del5.vsnl.net.in'; 'jayant.sinha19@sansad.nic.in'; 'piyush.goyal@gov.in'; 'nitin.gadkari@nic.in'; 'spprabhu1@rediffmail.com'; 'kalraj@kalrajmishra.com'; 'bandaru@sansad.nic.in'; 'amitabh.kant@nic.in'; 'smritizirani@nic.in'; 'nsitharaman@nic.in'; 'nandan@nandannilekani.in'; 'viral@juliacomputing.com'; Editors; L T Story; Loksabha1; Loksabha2; Rajyasabha; TV Anchors
Subject: A TALE OF TWO TRACKING
Sent: Sunday, February 28, 2016 9:20 AM
To: Hemen Parekh; 'shaktikanta.das@nic.in'; 'narendramodi1234@gmail.com'
Cc: 'Hasmukh Adhia'; 'ajaitley@del5.vsnl.net.in'; 'jayant.sinha19@sansad.nic.in'; 'piyush.goyal@gov.in'; 'nitin.gadkari@nic.in'; 'spprabhu1@rediffmail.com'; 'kalraj@kalrajmishra.com'; 'bandaru@sansad.nic.in'; 'amitabh.kant@nic.in'; 'smritizirani@nic.in'; 'nsitharaman@nic.in'; 'nandan@nandannilekani.in'; 'viral@juliacomputing.com'; Editors; L T Story; Loksabha1; Loksabha2; Rajyasabha; TV Anchors
Subject: A TALE OF TWO TRACKING
A Tale of Two Tracking !
State
of Maharashtra has a total of 50 prisons , of which 9 are Central jails
Between
them , they house 25,000-30,000 inmates
The
country as a whole, has some 1,387 prisons , housing approx 356,000 prisoners
Maharashtra
government has decided to introduce " chip or
bracelet " tracking system
for prisoners and is in the process of signing an agreement with the Israeli
Government under which , private Israeli companies will implement this " tracking " project
Why
all this rush for a technology driven reform ?
Because
, in March 2015 , five criminals had fled from the Nagpur jail after climbing
boundary wall !
But
no one in government seems to be really bothered with the following :
*
There are billions of high currency notes ( Rs 500 / 1000 ) in circulations
*
A whole lot of these are unaccounted BLACK
MONEY income, on which no tax got paid
*
Many more billions are stashed in secret bank lockers , which occasionally
"escape" for purchase of gold/land etc
*
High currency notes worth Rs 34.4 lakh*crore have "climbed" national boundaries and escaped without "trace" !
*
Today , Government has absolutely no mechanism to " track / trace " such escapes
*
In India more than 90% of all payments ( for goods and services ) are in CASH , quite a few , using these high
currency notes
*
If payments are made in CASH , no GST / Service Tax can be collected
*
But if the payments get made through official channels ( ECS / Bank Transfers /
Credit Cards / Mobile Wallets
etc ) , then GST can be collected ( or a BTT - Bank Transaction Tax , can be
levied )
Now
, instead of " dehumanizing "
30,000 prisoners with a RFID-embedded collar
around their necks ( as it
happened
with Rajat Gupta of McKinsey fame , a few weeks back in New York ) , just so
that you can track some
5
prisoners , would it not be much better / wiser to :
* Discontinue
paper-based currency notes of Rs 500 and Rs 1,000 ( and withdraw in 6 months ,
with advance notice )
* Introduce plastic
currency notes of Rs 500 / 1,000 which are
embedded with RFID sensors ( far thinner than a human hair ! ) ,
always broadcasting their presence to Internet of Things ( IoT )
I believe Govt is launching
ONE BILLION plastic currency notes of Rs 10 denomination , later this year
Let us make
this a PILOT PROJECT , by embedding these with RFID sensors . We will learn a
lot in " tracking " !
* Assign to each such
note, a IP V 6.0 address , linked to its unique note number
* Set up a IT-enabled
Technology Platform which will constantly monitor any accumulation of Rs 500 /
1000
RFID
embedded notes in excess of Rs ONE CRORE within
an area of ONE square meter
Why waste time in tracking a
few escaped prisoners ?
Why not leverage technology
to track those billions of notes and their criminal owners who are destroying
our economy ?
Mr Arvind Subramanian ( Chief
Economic Adviser ) should have recommended this in his ECONOMY SURVEY , instead
of suggesting to expand tax net to cover 23 % of the Indian citizens , against
current 4 %
I believe , humble RFID
sensor can get ten times more tax revenue than expanding tax-net to 23 % of
citizens !
Incidentally :
Should Shri Jaitley-ji
propose expanding the tax-net as suggested , in his budget speech tomorrow , do
you know what would happen ?
You don't
need to be a Nostradamus to foresee BJP losing ALL state and central elections
for the next 10 years !
-----------------------------------------------------------------------------------------------------------------------------
www.hemenparekh.in
/ blogs
28 Feb 2016
Warm Regards,
Hemen Parekh
(M)=91 – 98,67,55,08,08
From: Hemen Parekh
[mailto:hcp@recruitguru.com]
Sent: Friday, February 26, 2016 11:38 AM
To: Hemen Parekh; 'shaktikanta.das@nic.in'; 'narendramodi1234@gmail.com'
Cc: 'Hasmukh Adhia'; 'ajaitley@del5.vsnl.net.in'; 'jayant.sinha19@sansad.nic.in'; 'piyush.goyal@gov.in'; 'nitin.gadkari@nic.in'; 'spprabhu1@rediffmail.com'; 'kalraj@kalrajmishra.com'; 'bandaru@sansad.nic.in'; 'amitabh.kant@nic.in'; 'smritizirani@nic.in'; 'nsitharaman@nic.in'; 'nandan@nandannilekani.in'; 'viral@juliacomputing.com'
Subject: TRASH the CASH
Sent: Friday, February 26, 2016 11:38 AM
To: Hemen Parekh; 'shaktikanta.das@nic.in'; 'narendramodi1234@gmail.com'
Cc: 'Hasmukh Adhia'; 'ajaitley@del5.vsnl.net.in'; 'jayant.sinha19@sansad.nic.in'; 'piyush.goyal@gov.in'; 'nitin.gadkari@nic.in'; 'spprabhu1@rediffmail.com'; 'kalraj@kalrajmishra.com'; 'bandaru@sansad.nic.in'; 'amitabh.kant@nic.in'; 'smritizirani@nic.in'; 'nsitharaman@nic.in'; 'nandan@nandannilekani.in'; 'viral@juliacomputing.com'
Subject: TRASH the CASH
A
report in Business Line ( 25 Feb 2016 ) , reads :
" Centre wants Indians to abandon cash and make digital payments "
The report lists following measures announced by NDA govt on 24 Feb :
* Withdrawal of surcharge / service charge / convenience fee on card / digital
payments , currently imposed by govt departments
* Payments beyond a prescribed threshold only in card / digital mode
* Rationalize telecom service charges for digital financial transactions
* Promote mobile banking
* Create assurance mechanisms for quick resolution of fraudulent transactions
* Review payment ecosystem in the country
To make it easy for people to make digital payments , Government has already installed :
* Electronic Clearing Service Scheme
* National Electronic Funds Transfer
* Real Time Gross Settlement Scheme
* Direct transfer of Subsidies to bank accounts of beneficiaries
* Providing RuPay debit cards
* Allowing setting up of Payment Banks
Surely , all of these steps will make it EASY for people to GRADUALLY switch over to making digital payments
But , if the HIDDEN AGENDA of the Government behind all of these initiatives , is to reduce / eliminate the scourge of BLACK MONEY ( always and entirely CASH ) , then the only initiative which will COMPEL people to " TRASH the CASH " and move over to digital payments in a HURRY, is my oft-repeated suggestion as follows :
" Centre wants Indians to abandon cash and make digital payments "
The report lists following measures announced by NDA govt on 24 Feb :
* Withdrawal of surcharge / service charge / convenience fee on card / digital
payments , currently imposed by govt departments
* Payments beyond a prescribed threshold only in card / digital mode
* Rationalize telecom service charges for digital financial transactions
* Promote mobile banking
* Create assurance mechanisms for quick resolution of fraudulent transactions
* Review payment ecosystem in the country
To make it easy for people to make digital payments , Government has already installed :
* Electronic Clearing Service Scheme
* National Electronic Funds Transfer
* Real Time Gross Settlement Scheme
* Direct transfer of Subsidies to bank accounts of beneficiaries
* Providing RuPay debit cards
* Allowing setting up of Payment Banks
Surely , all of these steps will make it EASY for people to GRADUALLY switch over to making digital payments
But , if the HIDDEN AGENDA of the Government behind all of these initiatives , is to reduce / eliminate the scourge of BLACK MONEY ( always and entirely CASH ) , then the only initiative which will COMPEL people to " TRASH the CASH " and move over to digital payments in a HURRY, is my oft-repeated suggestion as follows :
* Discontinue
paper-based currency notes of Rs 500 and Rs 1,000
* Introduce plastic
currency notes of Rs 500 / 1,000 which are embedded with RFID sensors ( far
thinner than a human hair ! ) , always broadcasting their presence to
Internet of Things ( IoT )
* Assign to each such
note, a IP V 6.0 address , linked to its unique note number
* Set up a IT-enabled
Technology Platform which will constantly monitor any accumulation of Rs 500 /
1000
RFID
embedded notes in excess of Rs ONE CRORE within
an area of ONE square meter
If there is a political will
, technology can bring this revolution in 6 months !
Can we expect Shri Jaitley-ji to conclude his Budget speech on 29 Feb , with this announcement ?
The applause that follows will be heard around the World !
Can we expect Shri Jaitley-ji to conclude his Budget speech on 29 Feb , with this announcement ?
The applause that follows will be heard around the World !
---------------------------------------------------------------------------------
hemenparekh.in
/ blogs
26 Feb 2016
Warm Regards,
Hemen Parekh
(M)=91 – 98,67,55,08,08
From: Hemen Parekh
[mailto:hcp@recruitguru.com]
Sent: Wednesday, February 24, 2016 10:38 AM
To: Hemen Parekh; 'shaktikanta.das@nic.in'; 'narendramodi1234@gmail.com'
Cc: 'Hasmukh Adhia'; 'ajaitley@del5.vsnl.net.in'; 'jayant.sinha19@sansad.nic.in'; 'piyush.goyal@gov.in'; 'nitin.gadkari@nic.in'; 'spprabhu1@rediffmail.com'; 'kalraj@kalrajmishra.com'; 'bandaru@sansad.nic.in'; 'amitabh.kant@nic.in'; 'smritizirani@nic.in'; 'nsitharaman@nic.in'; 'nandan@nandannilekani.in'; 'viral@juliacomputing.com'
Subject: EXPORTING MANPOWER
Sent: Wednesday, February 24, 2016 10:38 AM
To: Hemen Parekh; 'shaktikanta.das@nic.in'; 'narendramodi1234@gmail.com'
Cc: 'Hasmukh Adhia'; 'ajaitley@del5.vsnl.net.in'; 'jayant.sinha19@sansad.nic.in'; 'piyush.goyal@gov.in'; 'nitin.gadkari@nic.in'; 'spprabhu1@rediffmail.com'; 'kalraj@kalrajmishra.com'; 'bandaru@sansad.nic.in'; 'amitabh.kant@nic.in'; 'smritizirani@nic.in'; 'nsitharaman@nic.in'; 'nandan@nandannilekani.in'; 'viral@juliacomputing.com'
Subject: EXPORTING MANPOWER
Exporting Manpower ?
Our
exports have been falling, month after month , for the past 18 months in a row
But
this is not unique to India
With
rapidly shrinking World Trade , exports of nearly all countries around the world
are falling
Barring
a few exceptions , economies of all the countries are declining
So
, it came as a surprise to read a news report ( BL / 20 Feb ) , that , despite
the fact that Malaysia has 2.1 million registered foreign workers and 1.7 million
illegal foreign workers , it signed a deal with Bangladesh to hire another 1.5
million Bangladeshi workers , over the next 3 years !
As
expected, local trade unions have criticized this deal
Now
let us not start putting together a strategy for Manpower Export , despite the
fact that of all the countries in the World , India has the largest number of
its citizens working abroad ( legal + illegal )
I
believe , close to 22 million persons of Indian origin , with some 7 million in
Gulf Countries
But
trade unions and political parties everywhere are vehemently opposed to migrant
workers who take away jobs from local residents
Even
EU , which accepted some 1 million refugees from war-torn Syria / Iraq /
Afghanistan , in 2015 , have started repatriating what it terms as "
Economic Migrants " seeking " better life " in EU , as
distinct from political refugees
But
that is not stopping 3000 such " refugees "(political or economic),
from forcing their way into EU , every day !
Within India , we have seen in the past ( and continue to
witness , currently ) , economically backward people ( euphemism for "
poor " ) , migrating to cities in other relatively affluent States , in
search of livelihood , occasionally . causing resentment among local citizens
So far , such inter-state migrations have not caused any serious
problem because of our Unifying forces of religion / language / culture /
heritage / traditions and our Constitution
But with annual addition of some 12 million persons (including
some 3.5 million graduates ), to our legions of jobseekers , things could get
ugly - especially since neither the Public nor the Private sector , can create
this many jobs every year !
We need to find ways in which these millions can become
" Self Employed "
I
hope that each and every announcement that Shri Jaitley makes in his budget
speech on 29 Feb , would lead to creation of " Self Employment " in
the economically backward States of India
With
most of our States being the size of many EU countries , we may not be in a
position to Export Manpower , even across our State boundaries , forget across
the International borders !
For Indian Federal structure to hold together , we must work on
the double to reduce inequality between States !
------------------------------------------------------------------------------------------------------------
www.hemenparekh.in
/ blogs
24
Feb 2016
Warm Regards,
Hemen Parekh
(M)=91 – 98,67,55,08,08
From: Hemen Parekh
[mailto:hcp@recruitguru.com]
Sent: Tuesday, February 23, 2016 4:25 PM
To: Hemen Parekh; 'shaktikanta.das@nic.in'; 'narendramodi1234@gmail.com'
Cc: 'Hasmukh Adhia'; 'ajaitley@del5.vsnl.net.in'; 'jayant.sinha19@sansad.nic.in'; 'piyush.goyal@gov.in'; 'nitin.gadkari@nic.in'; 'spprabhu1@rediffmail.com'; 'kalraj@kalrajmishra.com'; 'bandaru@sansad.nic.in'; 'amitabh.kant@nic.in'; 'smritizirani@nic.in'; 'nsitharaman@nic.in'; 'nandan@nandannilekani.in'; 'viral@juliacomputing.com'
Subject: HOW TO TRANSACT BUSINESS IN PARLIAMENT
Sent: Tuesday, February 23, 2016 4:25 PM
To: Hemen Parekh; 'shaktikanta.das@nic.in'; 'narendramodi1234@gmail.com'
Cc: 'Hasmukh Adhia'; 'ajaitley@del5.vsnl.net.in'; 'jayant.sinha19@sansad.nic.in'; 'piyush.goyal@gov.in'; 'nitin.gadkari@nic.in'; 'spprabhu1@rediffmail.com'; 'kalraj@kalrajmishra.com'; 'bandaru@sansad.nic.in'; 'amitabh.kant@nic.in'; 'smritizirani@nic.in'; 'nsitharaman@nic.in'; 'nandan@nandannilekani.in'; 'viral@juliacomputing.com'
Subject: HOW TO TRANSACT BUSINESS IN PARLIAMENT
International
Exchange Program
We
have all heard about these programs under which , ( for example ) students from
India would go to USA , spend a few weeks with American families and even
attend local universities
In
turn , American students would spend similar period in India ( may be , with
the parents of those Indian students who went to USA ) and attend Indian
Colleges
In
the process , both groups learn the customs / traditions / life-styles of their
host Societies
I
suppose , they also learn quite a lot about the Education Systems of host
countries
Which
would include , academic pursuit and teaching methods
But , above all , they would learn how the students behave
in the class rooms and how the teachers maintain discipline
I
believe , it must be a " Shocking " experience for those Indian
students to find that professors in USA wield unimaginable power ,
unfettered by the Dean or Chancellor of those colleges
Eg
:
*
A professor's is the final word in the evaluation of any student ( no court of
higher appeal )
*
Quite a lot of that evaluation is based on the number and the quality of
questions asked by the students
*
" Shot-gun " exams are a teacher's way of judging the progress
of the students
*
If any student absents from class room without a satisfactory reason ( ie
satisfactory to the subject teacher ),
the teacher can simply tell him to stop attending the classes ! Heavy rains or
snow storm does not count !
And
the Dean cannot question the professor's decision
*
Teachers don't prescribe any text books , but they may suggest a dozen books to
refer to
*
Many teachers just " refuse to teach " ! They insist that the
students come to class , having " self taught " the
subject and the class room is only for the purpose of "solving
difficulties" faced by students while self-teaching !
*
Emphasis is not on a student remembering the exact mathematical equation but on
knowing which equation to
use !
Hence , most professors will allow a student to look up any book during an
exam !
*
Even arriving at the exact / precise " answer " is not considered
important . It is your " approach " to solving a
problem that counts more .
Were
you able to suggest a non-traditional and distinctly innovative " approach
" ?
MORAL OF THE STORY :
How
about Shri Narendra Modiji ( himself , a champion of " Out of Box " thinking ) , signing an
" Exchange Agreement " with
President Obama , under which , a batch of 40
Indian Legislators ( to begin with , opposition members of Rajya Sabha ) , are
deputed to USA for 6 months ( or till GST Bill gets passed ? ) to attend
the sessions of US Congress / Senate , to learn /
imbibe their ways of conducting official business ?
Of
course , our deputed legislators must be paid a " Copycat-ing Allowance
" of $ 100 per day while in USA !
After
all , cafeteria in American Congress building does not provide
"dosas" @ Rs 2 per piece !
While
readily agreeing to the Indian request , it is quite possible that President
Obama may politely decline to send the American Legislators to attend our Lok
Sabha / Rajya Sabha's budget session ! Entirely understandable !
Dear Shri Venkaiah-ji :
You
may get much more cooperation from all parties after 6 months !
------------------------------------------------------------------------------------------------------------
www.hemenparekh.in
/ blogs
23
Feb 2016
Warm Regards,
Hemen Parekh
(M)=91 – 98,67,55,08,08
From: Hemen Parekh
[mailto:hcp@recruitguru.com]
Sent: Saturday, February 20, 2016 12:04 PM
To: Hemen Parekh; 'shaktikanta.das@nic.in'; 'narendramodi1234@gmail.com'
Cc: 'Hasmukh Adhia'; 'ajaitley@del5.vsnl.net.in'; 'jayant.sinha19@sansad.nic.in'; 'piyush.goyal@gov.in'; 'nitin.gadkari@nic.in'; 'spprabhu1@rediffmail.com'; 'kalraj@kalrajmishra.com'; 'bandaru@sansad.nic.in'; 'amitabh.kant@nic.in'; 'smritizirani@nic.in'; 'nsitharaman@nic.in'; 'nandan@nandannilekani.in'; 'viral@juliacomputing.com'
Subject: RE: MAKING OPPOSITION IRRELEVANT ?
Sent: Saturday, February 20, 2016 12:04 PM
To: Hemen Parekh; 'shaktikanta.das@nic.in'; 'narendramodi1234@gmail.com'
Cc: 'Hasmukh Adhia'; 'ajaitley@del5.vsnl.net.in'; 'jayant.sinha19@sansad.nic.in'; 'piyush.goyal@gov.in'; 'nitin.gadkari@nic.in'; 'spprabhu1@rediffmail.com'; 'kalraj@kalrajmishra.com'; 'bandaru@sansad.nic.in'; 'amitabh.kant@nic.in'; 'smritizirani@nic.in'; 'nsitharaman@nic.in'; 'nandan@nandannilekani.in'; 'viral@juliacomputing.com'
Subject: RE: MAKING OPPOSITION IRRELEVANT ?
A Laughing Matter ?
Last
evening, TV channels showed the traditional " Halwa Ceremony " in the Finance Ministry building
With
this , the process of preparing / printing of the Union
Budget starts
The
people involved will stay " imprisoned / incommunicado " till FM
completes his budget speech on 29th Feb , to ensure that the budget provisions
do not leak out
That
does not stop the experts ( - and some non-experts like me ) , to make predictions such as :
*
Revising limits for personal Income Tax
slabs
*
Reducing rates for TDS
*
Rationalizing procedures ( assessment
scrutiny / tax refunds / tax litigations etc )
*
Launching new Schemes / Funds for
savings and investments
*
Increase / decrease of Excise rates on
products ( watch out smokers and drinkers ! )
*
Increase / decrease of Import Duties on
products to protect local industries / stop dumping from China
*
Recapitalization of Banks ( to write-off
Rs 7 lakh*crore of NPA with tax payers money )
*
Write-off DISCOM debts of Rs 4
lakh*crores by passing the buck to State Governments ( tax payer burden ? )
*
Write off loans to farmers - what with
elections looming in 5 States ( but I support this )
News
papers report that the Government have received budget suggestions from some
7,000 persons and that , this time around , Prime Minister himself is
closely involved in the budget making exercise
Now
, with all this obsession / seriousness / paranoia , surely this secrecy
surrounding the budget document , cannot be a laughing
matter !
Unless
you ask ,
*
some foreign software geeks ( eg: Sundar Pichai / Satya Nadela / Vivek Ranadive
/ Ray Kurzweil etc )
*
some Indian BIG DATA ANALYTICS
geeks ( Mukund / Krishnan / Sanjay / Srikant / Raj / Anurag etc )
Because
, if you do , they will laugh and tell you :
"
Just give us the actual budget documents of the
past 60 years ( including the accompanying budget speeches ) and we will process
these documents using Big Data Analytics
software and predict what will be the provisions in the forthcoming budget (
with a probability of 99.7 % - ie ; plus or minus six standard deviation )
And then , we will process those past budget speeches with a PARAPHRASING software ( ala Kurzweilai.net )
and give you an advance print-out of
Shri Arun Jaitleyji's speech on 29th Feb
"
But
of course , Shri Jaitleyji could cheat the PREDICTIVE
ANALYTICS , by announcing following unpredictable
:
*
Total Abolition of Personal Income Tax ( or at
least , reducing incremental tax rates in each higher slab )
*
Decreasing Incremental Corporate Tax Rates , linked
with each higher slab of " Permanent Employee Number "
*
Perpetual Amnesty Scheme for all CASH deposits made
in Jan Dhan Accounts , if invested in tax-free Infra SPVs
*
Transfer of 1.8% of GST (from 18%) into buyers' PPF
a/c , to ensure all citizens get PPF a/c for tax-free savings
This amount to be used for paying
premium for COMPREHENSIVE HEALTH INSURANCE to cover all illnesses
*
Introduction of plastic Currency Notes of Rs 500/1000,
embedded with micro RFID sensors ( stop Black Money )
Surest way to ensure that almost all
payments are made thru official channels !
*
Introduction of BTT ( Bank Transaction Tax ) @ 2%
to yield Rs 15 lakh*crore of revenue ( against revenue loss
of Rs 2.5 lakh*crores caused by
abolishing Personal Income Tax )
Now
such announcements , besides being " Unpredictable
" , would meet Shri Narendra Modiji's following announcement at Make in
India week on 13th Feb :
" There is no time for
incremental changes . We want a quantum jump "
Any other budget provision /
announcement , would be a laughing matter
!
------------------------------------------------------------------------------------------------------------
www.hemenparekh.in
/ blogs
20 Feb 2016
Warm Regards,
Hemen Parekh
(M)=91 – 98,67,55,08,08
