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

Sunday, 31 July 2016

FW: 28th August 2016 - More details


Dear WJND ,

This has reference to our talk 3 days back

I think this would be a great opportunity for a " Re-Union " with old colleagues , who , I am sure would be thrilled to catch up with our Group

hcp

From: Haridas Shenoy [mailto:hrshenoy1941@gmail.com]
Sent: Sunday, July 31, 2016 10:09 AM
To: Haridas Shenoy
Subject: 28th August 2016 - More details

Attached is the current situation. I have added more details on transport arrangements. A few more names have been added to people intending to attend.

A reminder: spouses and/or children welcome.

Please talk to our other colleagues and tell them to send me an email if they are interested in joining.

Suggestions, which will not complicate my life, are welcome.

Regards

HRS

HR Shenoy, 7666128505
Co-Founder, Tejora Technologies Limited, tejora.com

Needed : A 3 Month Plan for 3 C


Needed  :  A  3 Month Plan  for  3 C


Hindustan Times ( 29 July 2016 ) carries headline :


" Not 5 , prepare 15 year development plan : Modi tells NITI Aayog "


The report quotes PM Shri Modi as saying :


" Main prayog karne wala insaan hoon. Mujhme prayog karne ki himmat hain

  { I am willing to experiment }

  The time for incremental change that was the norm across the World for quite some time, is now over .
   Current age requires transformational change

   Intentions ( niyat ) of policymakers are even more important than the policies ( niti ) , themselves "



To this , NITI Aayog CEO , Shri Amitabh Kant added :

The Prime Minister asserted that the government has the courage and the ability to deliver transformational change for bettering the lives of the people "


Now I wish Shri Modiji and Shri Kantji , would just stop their cars , while on way to office and ask any pedestrian :


" Bhaiyya , tumhari bhalai ke liye , subse pahile kya kare ? "

 ( Brother , for your benefit , what is the first thing you want me to do ? )



I am sure 99 % of these people will say :


" Get rid of Corruption "


Times of India ( 28 July 2016 ) reports :

" Government has recently reconstituted eight working groups of secretaries, asking them to come up with at least two projects or schemes that can be implemented within 3  months . Each group has been asked to submit its
report by 16 August "


I hope one of these groups comes up with a scheme ( 3 C / Conquer Cancer of Corruption ? ) , based on my following oft-repeated suggestion

It can be implemented in 3 months !



*  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


 *  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 15 Lakh within an area of ONE square meter


Not only this IT-enabled Technology Platform show up all cabinets / lockers having such accumulations ( on the

GPS maps of IT Department's mobile app - BLACK-MAIL ) but it will also provide irrefutable proof of violation of the

 proposed limit of Rs 15 lakh worth of currency which can be held by a person at any time


And , a frugal extension of this technology will even create a dynamic CURRENCY MAP of entire country by tracking

the movement of each and every currency note ( Rs 500 / 1000 ) , throughout its life !


And the CURRENCY DENSITY of any State / City / Street  / Area / Building / Floor !


No need for an army of inspectors , additional administrative machinery , search-warrants , " Panch-Nama "  !


No chance of frivolous litigations on part of the so-called " Aggrieved " !


I do hope , our policy makers will cease this opportunity of a life time ( especially in view of forthcoming elections )


And Shri Modi will be assured the whole-hearted support of all political parties by announcing :


"  Cash held by political parties in their offices or at the residences of their Members , will be EXEMPT from provisions of scrutiny / seizure / accountability "


Now this " Prayog " will be far from " Incremental "


It will be nothing short of " Transformational "


It will be " Unprecedented "


And who else other than Shri Modi has the " Himmat " ( courage ) to " prayog ( experiment ) " with this ?

---------------------------------------------------------------------------------------------------------------------------

31  July  2016




---------------------------------------------------------------------------------------------------------------------------

with  regards,

hemen  parekh
Marol , Mumbai , India
( M ) +91 - 98,67,55,08,08






Saturday, 30 July 2016

RE: GST : Light at the End of the Tunnel ?


Dear Natarajan,

I am glad that you find time to read my blogs

On the subject of GST , i posted the following yesterday


Warm Regards,

Hemen Parekh
(M)=91 – 98,67,55,08,08

----------------------------------------------------------------------------------------------------------------------------

GST  Conundrum : A Compromise Formula

Last evening , TV channels were reporting that BJP and Congress are quite close to reaching a compromise on GST bill , expected to be tabled in Rajya Sabha next week

I believe , it is possible to break the deadlock , by exploring introduction of some variation of suggestions made by me in my following blogs ( emailed to Ministers / MPs / Political Leaders ) :

--------------------------------------------------------------------------------------------------------------------------------

Jan Dhan Sarjan Yojana ( 31 Aug 2015 )

By launching ,  Jan Dhan Sarjan Yojana 

 ( People's Wealth Creation Scheme )


As follows :

>   If GST is going to be ( say ) 20 % , Government will transfer from this ,
     2 % ( ie 10 % of that 20 % ) , to the PPF account of the Consumer /
     Buyer , who pays for the Goods / Services purchased , using a RuPay
     Card or a " Mobile Wallet " app


     This will motivate millions of self - employed to open  PPF  accounts !


>   Since interest from a PPF account is tax-free , every citizen would , now
     want to make all payments thru RuPay card or a Mobile Wallet App


>   RuPay cards are already tied up with accounts opened under Jan Dhan
     Yojana


>   Mobile Wallets Apps will also get tied-up with thousands of branches of
     Payment Banks , which will open in next 18 months


     Just imagine the number of new accounts that will get opened in the
     1,55,000 + post offices of India Post  !


>   In this way , Social Security will become " Self Financing " !


>   Currently , in India , some 97 % of all payments are " Cash Payments ".
     With introduction of this proposal , these will drastically decline


>   Any payment made , using RuPay card or a Mobile Wallet App , will make
     available to the Income Tax Department , full digitized record of each
     such transaction , including :

     *  Who  made the payment

     *  To whom was that payment made

     *  When was that payment made

     *  For what purchase , was that payment made

     *  What was the amount paid


>   One , very desirable consequence of  Jan Dhan Sarjan Yojana
     will be that our " Domestic Savings Rate " will climb back to 30 % !

      In turn , this will help us wither global economic crisis , much better  !


I have a feeling that my proposal will be welcomed by all sections of our Society and find overwhelming support for the passing of the GST bill by all political parties


------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Making  a  Mountain  out  of  a  Mole hill ( 19 Nov 2015 )


*   2 % ( out of 27 % ) of GST , to be directly deposited in the PPF a/c of the buyer

    ( This will ensure that all citizens have PPF account )

 *   This 2 % to be used to pay the premium for that person's health insurance

-----------------------------------------------------------------------------------------------------------------------------------------
Structural Reforms ( 30 Jan 2016 )
Transferring 10% of GST ( ie 1.8 % out of 18 % ) to PPF accounts of the buyers ( increase Domestic Savings )

------------------------------------------------------------------------------------------------------------------------------
People of India are watching - and hoping !
------------------------------------------------------------------------------------------------------------------------------
29  July  2016


From: Nattu [mailto:iamnattu@gmail.com]
Sent: Thursday, July 28, 2016 1:57 PM
To: Hemen Parekh
Subject: Re: GST : Light at the End of the Tunnel ?

Thx Hemenji
I Hv been reading your emails. The BSE/NSE will be ready to react.
Regards
Natarajan

On 28 Jul 2016 5:01 pm, "Hemen Parekh" <hcp@recruitguru.com> wrote:

GST : Light  at  the  End  of  the  Tunnel  ?

Hindustan Times ( July 28 , 2016 ) reports :

On Wednesday , government agreed to drop the contentious 1 % manufacturing tax and fully compensate states for five years for potential revenue losses after GST system kicks in

Even at this stage , there can be " Many a slips between the Cup and the Lips "  !

But then , " Where there is a Will , there is a Way " , too !

Let us hope that when the bill comes up for discussion / voting in Rajya Sabha next week , political parties will find a compromise solution , based on my following suggestion ( sent to all Ministers / MPs as email , 8 months back ) :


--------------------------------------------------------------------------------------------------------------------------------

 Saturday, 28 November 2015

 

GST / GIVE AND TAKE



Dear Shri Modiji / Shrimati Soniaji :


It was statesperson like for you, to reach out to each other last evening , in order to arrive at an agreement on GST

All negotiations have two , initially opposing , parties

No agreement can be arrived at , on the " Terms " of only one of the parties

A customer sold against his will , ceases to be a customer  !

Agreements imposed through numerical strength of membership , are bound to get sabotaged

To arrive at a " Lasting Solution " , there must be give and take


Here is my suggestion :


NDA  GIVE  / OPPOSITION  TAKE  :


*    Accept a cap of 18 % for GST in the Constitutional Amendment Bill


OPPOSITION   GIVE /  NDA   TAKE  :


*    A provision in Bill to enable the Government of the day , to raise the GST % in
     subsequent years , through an enabling provision
     
     This provision ( not mandatory ) , will allow the Government to raise the GST %
    through the Annual Central Budget each year

      ( anyway , Union Budget has to be passed in Lok Sabha , each year )



*   The amount by which GST " may " get raised , to be calculated as follows :

     #    Starting GST %   =    18 %

    #     Assume that , in 2016-17 , CPI rises by 10 %

    #     Take  5 %  of that 10 % rise in CPI .   That works out to 0.5 %

    #     So , in 2017-18 , GST may be raised by 0.5 % , to become 18.5 %

    #     This is the UPPER LIMIT . Government may choose to revise GST to any
           figure less than 18.5 %


This is a perfect  FACE SAVING  FORMULA / a WIN-WIN situation for both  !

This is not a matter of , " WHO is right ? "

This is a question of ,   " WHAT is right ? "


Carpe  Diem !  Cease this moment to strike a deal by today evening  !


Good Luck  !
------------------------------------------------------------------------------------------------------------------------------
28  July  2016

------------------------------------------------------------------------------------------------------------------------------------------
With regards,

hemen  parekh


Marol , Mumbai , India


( M ) +91 - 98,67,55,08,08



RE: Forget Grains On Subsidy, India's Poor Can Really Do with the Cash Instead


Dear PKT ,

I am glad you find time to go through my blogs

I , almost feel guilty if I do not share my thoughts with the Policy Makers ( through daily emails ) , even when I have doubts whether these get read !

hcp


From: Pradeep Talpade [mailto:talpadepk@gmail.com]
Sent: Friday, July 29, 2016 4:34 PM
To: Hemen Parekh
Subject: Fwd: Forget Grains On Subsidy, India's Poor Can Really Do with the Cash Instead

I have always been reading your mails with interest & have always found them thought provoking with some concrete suggestions for action by the authorities in power...!!!

I also read articles by Mr Vivek Kaul ,who has worked with DNA & Economic Times....I find his articles are similarly well researched...I thought I will share one with you ....

Pradeep Talpade


UNLIMITED POWER : ROUND THE CLOCK ?


Unlimited Power : and round the clock ?

Most countries have National Power Grids , which ferry power across the country , from one region to another , depending upon regional demands and the power generating capacities of its power stations located in power-surplus / power-deficient regions


I believe , in EU , countries export and import power across national borders , using international transmission grid


But imagine if it was possible to export / import power , to and from , anywhere in the World , using a World Power Grid !


Then imagine this :


Sun is shining on some or other part of the World , during its local day-time


Nearly 20 % of the World's surface is receiving Solar Energy , at all times , including on vast tracts of sea / desert / forests or other un-inhabited regions , where there is no local demand / consumption of power


Installing Solar Power generating panels in such regions can generate , a huge amount of power


And , without bothering to " store " such power into storage batteries , it can be exported to other regions of the World , which are facing night and have no capacity to " store " whatever solar power it may have produced during its own day-time


All this can happen if we have a World Power Grid ! A power-sharing eco-system for the entire World !


In that case , all through 24 hours , regions in daylight will keep generating solar power and keep exporting to regions under night sky - without bothering to store !


Of course , there will be many practical / technical problems to be faced - and solved


But if a person in a dark / remote corner of the Earth can make his voice reach , another corner of the Earth , travelling through a complex network of dozens of Telephone Service Providers ( Landline as well as Mobile ) , strung over thousands of kilometers , then transmitting Solar Power across the World , is entirely feasible


When we make a phone-call across the World , we do not know , through how many local networks it travels or whether it travels over land or under the oceans or through the air !


And , not only it travels fast but the networks concerned ( through which that call travels ) , have figured out and also agreed on how much of the revenue generated , each service provider will share , and instantaneously too !
All automatically , without human intervention !


World's problem of fossil fuel pollution causing climate changes ( and consequent devastation ) , is solvable


Provided our politicians stop fighting ( within and across countries ) and start working for the poor  !


Fortunately for us in India , Shri Piyush Goyal ( Minister for Power ) is one such politician


His ministry ( MNRE ) is examining a proposal submitted by the Power Grid Corporation of India , to generate Solar and Wind power in the deserts of Rajasthan / Kutchh / Lahul and Spiti / Ladakh


These deserts have , between them , the potential to generate 315.7 GW of Solar plus Wind power !


And when this becomes a reality , sun shining over Ladakh will light up a lamp in Andaman-Nikobar islands !


For the entire project , the investments envisaged are :

#  By   2022............. Rs  2    lakh*crore

#  By   2032..............Rs  16  lakh*crore

#  By   2050...........   Rs  43  lakh*crore


Now , if Shri Goyal is worried where and how to find these huge funds , he may want to look up my following email, sent to him on   01  Oct  2015  :

---------------------------------------------------------------------------------------------------------------------------
FROM GREED TO GREAT ?



In my blog of 18th Sept , I had estimated BLACK MONEY disclosure of ( may be ) , Rs 40,000 crores , under

Undisclosed Foreign Income and Assets Act - 2015

That would have netted Government , Rs 24,000 Cr by way of tax / penalty

I was way off the mark !

The 3 month opportunity window closed two days back , with a disclosure of Rs 3770 cr , by 638 persons , netting Govt Rs 2262 cr  !

Quite like , " Digging the Mountain to find the Mouse "

Now , some knowledgeable persons / organizations have estimated that the amount of BLACK MONEY stashed away domestically , could be close to, Rs 25 Lakh*Crores !


But then , man-on-the-street guesses that to be Rs 100 Lakh*Crores  !


Time and again , that common man have proved the pundits wrong !

I suppose , the common man knew all along that half-hearted amnesty schemes are bound to fail , as in the past

But pundits refuse to learn from their past mistakes  !

They refuse to recognize that nowhere in the World , any Government has succeeded at any time to legislate the GREED away !

And the common man fails to understand why NDA government is hesitating to harness the unlimited power of SUN - the almighty SUN of GREED

By :

*    Abolishing Personal Income Tax ( source of the DARKNESS of
      CORRUPTION )

*    Stop asking any questions as to the " Source " for all cash deposits
      made into bank accounts opened under Jan Dhan Yojana

*    Levy a Bank Transaction Tax ( BTT ) of 2 % to yield revenue of
      Rs 15 lakh*crores , which would be 5 times the loss of revenue due to
      abolition of Personal Income Tax

*    Encourage deposits made into Jan Dhan bank accounts to be invested in
      SOLAR POWER SPV Farms , by direct depositing of income derived (
      from sale of electricity to DISCOMs ) into those bank accounts

      
NDA is planning to harness 100 GW of Solar Power by 2020

If above-mentioned suggestion is implemented , India could harness ,

1000 GW of Solar Power by 2020 !


Just imagine what that could do to GDP / SELF-EMPLOYMENT / CLIMATE


Let us harness  GREED  to make India  GREAT  !


----------------------------------------------------------------------------------------------------------------------------

30  July  2016


--------------------------------------------------------------------------------------------------------------------------

with regards,

hemen  parekh
Marol , Mumbai , India
( M ) +91 - 98,67,55,08,08









Friday, 29 July 2016

GST


GST  Conundrum : A Compromise Formula

Last evening , TV channels were reporting that BJP and Congress are quite close to reaching a compromise on GST bill , expected to be tabled in Rajya Sabha next week

I believe , it is possible to break the deadlock , by exploring introduction of some variation of suggestions made by me in my following blogs ( emailed to Ministers / MPs / Political Leaders ) :

--------------------------------------------------------------------------------------------------------------------------------

Jan Dhan Sarjan Yojana ( 31 Aug 2015 )

By launching ,  Jan Dhan Sarjan Yojana 

 ( People's Wealth Creation Scheme )


As follows :

>   If GST is going to be ( say ) 20 % , Government will transfer from this ,
     2 % ( ie 10 % of that 20 % ) , to the PPF account of the Consumer /
     Buyer , who pays for the Goods / Services purchased , using a RuPay
     Card or a " Mobile Wallet " app


     This will motivate millions of self - employed to open  PPF  accounts !


>   Since interest from a PPF account is tax-free , every citizen would , now
     want to make all payments thru RuPay card or a Mobile Wallet App


>   RuPay cards are already tied up with accounts opened under Jan Dhan
     Yojana


>   Mobile Wallets Apps will also get tied-up with thousands of branches of
     Payment Banks , which will open in next 18 months


     Just imagine the number of new accounts that will get opened in the
     1,55,000 + post offices of India Post  !


>   In this way , Social Security will become " Self Financing " !


>   Currently , in India , some 97 % of all payments are " Cash Payments ".
     With introduction of this proposal , these will drastically decline


>   Any payment made , using RuPay card or a Mobile Wallet App , will make
     available to the Income Tax Department , full digitized record of each
     such transaction , including :

     *  Who  made the payment

     *  To whom was that payment made

     *  When was that payment made

     *  For what purchase , was that payment made

     *  What was the amount paid


>   One , very desirable consequence of  Jan Dhan Sarjan Yojana
     will be that our " Domestic Savings Rate " will climb back to 30 % !

      In turn , this will help us wither global economic crisis , much better  !


I have a feeling that my proposal will be welcomed by all sections of our Society and find overwhelming support for the passing of the GST bill by all political parties


------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Making  a  Mountain  out  of  a  Mole hill ( 19 Nov 2015 )


*   2 % ( out of 27 % ) of GST , to be directly deposited in the PPF a/c of the buyer

    ( This will ensure that all citizens have PPF account )

 *   This 2 % to be used to pay the premium for that person's health insurance

-----------------------------------------------------------------------------------------------------------------------------------------
Structural Reforms ( 30 Jan 2016 )
Transferring 10% of GST ( ie 1.8 % out of 18 % ) to PPF accounts of the buyers ( increase Domestic Savings )

------------------------------------------------------------------------------------------------------------------------------
People of India are watching - and hoping !
------------------------------------------------------------------------------------------------------------------------------
29  July  2016


hemen  parekh


Marol , Mumbai , India


( M ) +91 - 98,67,55,08,08