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

Wednesday, 31 August 2016

Be-Aware / Beware !


Be-Aware  /  Beware  !

Hindustan Times ( 30 Aug 2016 ) carries a news report titled :

Income Tax dept will ‘name and shame’ those defaulting over Rs 1 crore  "

 

The report elaborates :



" The Income Tax department, beginning this financial year, has decided to ‘name and shame’ all taxpayers who have a default of Rs one crore and above.



The department has begun publishing the names of tax defaulters in leading national dailies since last year and has named 67 such defaulters from across the country till now with their vital details like addresses, contacts, PAN card
number and shareholders in case of companies.



The earlier exercise was restricted to people with defaults to the tune of about Rs 20-30 crore but the new measure will bring to the fore those names who have defaulted a tax of Rs 1 crore or more.



“It has been decided to ‘name and shame’ all category of taxpayers, including personal and corporate taxpayers who have a default of Rs 1 crore and above by March, 31 which is the end of 2016-17 financial year.”



“The names will be published before July 31 next year,” a senior official said.

An order in this regard, also accessed by PTI, has also been issued by the Central Board of Direct Taxes (CBDT).



The official said the aim of the exercise is to inform the public at large about such tax evaders whom the taxman has not been able to lay their hands on despite using various investigative and enforcement tools.

The IT department has also provided a list of such names an identities on its official web portal "



Now , if anything , IT Dept decision is a " too little , too late " !


For decades now , Housing Societies have been " naming and shaming " their Members who fail to make their monthly payment of Society Charges , even if by one day late ! By publishing their names on Society Notice Boards

And in a Society of say , 100 members , you are bound to look up that Notice Board , sooner or later !


But how many citizens will take the trouble to look up the IT department web site , when most do not even know that it exists !


News report says , " the aim of the exercise is to inform the public at large about such tax evaders whom the taxman has not been able to lay their hands on despite using various investigative and enforcement tools "


Does IT department want people's help in locating these defaulters ?

If yes , then it needs to go beyond just publicizing the defaulter info on its web site


It needs to launch a Mobile App ( called , " Be-Ware " ? )


Anyone can download it from the web site of IT dept by entering his Aadhar Number / Jan Dhan Bank a/c Number


" Be-Ware " will display ( alphabetically ) , names of those Tax Defaulters


Long press on any name , will reveal the person's data ( as seen currently on IT dept web site )




Below each data-sheet , will be a button which reads " INFORMER "

Touching it will open a box , wherein the " Informer " can provide information leading to locating / arresting of that defaulter


Just click " SEND " button after typing in the info


That simple !


A return acknowledgement SMS from IT department will give a  REGISTRATION  LINK , clicking which will show the informer , info provided by him , on IT dept web site ( Proof of Pudding ! )


And every time he logs in at this LINK , he will get to know the progress made by IT department in the case


It will also enable him to submit " Supplementary Data " ( about the Defaulter ) , from time to time


A total transparency  , in an atmosphere of Co-operation instead of Confrontation !


Based on info provided , if - and when - IT department recovers any of that TAX DUES , that Informer's  Jan Dhan Bank A/c will get credited with 5 % of the amount recovered ! ( the most welcome and well-earned, DBT ? )


And , the INFORMER will NOT be required to pay any Income Tax , on such deposits  !


One simple rule will apply ( like " Terms and Conditions Apply " )


In case more than one Informer submits similar information about the same Tax Defaulter , the person submitting it FIRST , will get 5 % and each subsequent informer , will get a ENCOURAGEMENT PRIZE of Rs 1,000 / -


In such a case , the decision of the IT department will be final and binding on the informers
 

If implemented , rest assured that all smart phone manufacturers would want to pre-install " Be-Ware " on each and every phone shipped !

In such cases , the App can be " Activated " by the phone-owner , by registering his Mobile Number on the IT department web site


IT Dept Guys  !


Rope in millions !  Start a " Track-a-Crook " viral fever ! Get back Crores of public money with little effort !


Income Tax Free " manna from heaven " of 5 % , will launch a million sleuths into ,

" BRING  THE  CROOK  TO  BOOK " business !

No place for the Corrupts to hide !



But needed , one most important assurance for success :

All " Informers " must be fully protected under " The Whistle-Blower Protection Act " !


Way to Go , with some BOLD / OUT OF BOX , thinking !


Of course , I would keep batting for total abolition of Personal Income Tax - the only permanent solution to the twin evils of BLACK MONEY and CORRUPTION !

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

31  Aug  2016


 






hemen  parekh


Marol , Mumbai , India


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


Tuesday, 30 August 2016

B2B


Just found registration of " CHERAVI " , some Chamber of Commerce from Ahmedabad ,

but

no email copy for me !

hemen  parekh


Marol , Mumbai , India


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


Monday, 29 August 2016

It is a MAD, MAD, MAD, MAD, World !


It   is  a  MAD,  MAD,  MAD,  MAD,   World  !

Not many will remember this hilarious Hollywood movie of a few decades back
When the movie was nearing completion , it is said that  the production team in charge of the movie got together to decide upon its name
One team member suggested : Let us call it" It is a  MAD, MAD , MAD , MAD , MAD  world "
After a lot of heated arguments , the team concluded :
" Repeating the word " MAD " for the fifth time , would be clearly " redundant  ! "

Hindustan Times ( 29 Aug 2016 ) , carries a report : War on Black Money : It's m-Wallets vs UPI
Dilip Asbe , CEO , NPCI is quoted :
UPI will be an enabler to existing wallets and in fact can be used to fund the wallets
   We have not got wallets under the UPI as it is designed for banks now. Also, wallets offer facilities beyond money
   transfer "

Question is :  How many m-Wallets are too many ?  Which is the next one , which would be " redundant " ?

Purely out of self interest ( to increase their own business - and with no love lost for BLACK MONEY ! ) , expect hundreds of  companies , in each of the following sectors , to come out with their own , branded  m-Wallets :

#   E-Com companies ( Online Market-places ) / Credit - Debit Card Companies

#   Companies making Consumer Goods and even Consumer Durables

#   Banks  / Insurance companies  / NBFC / Hospitals / Railways

#   Large Retailers with nation-wide presence ( Ambani - Adani - Biyani - Walmart etc )

#   Mobile Service Providers / Power-Gas-Water-Internet  Distribution Companies

#   Schools / Colleges / Universities / Coaching Classes

#   Online Entertainment / Service Delivery Companies / Consultancy Companies

#   In short , ALL companies trying to sell ( Goods or Services ) using a Mobile App

There is no doubt , all of this will help billions of  SMALL TICKET  CASH  transactions taking place daily , to become NON-CASH transactions

But neither UPI , nor m-Wallets can :

#   Move 100,000  Currency notes of Rs 1,000 each , from safe deposit locker of the person buying land / property
     / gold  etc , to the safe deposit locker of the person selling it !

#   Motivate a " hafta collector " to accept payment by m-Wallet  from footpath vegetable vendor ,  even if it is a
     single Currency Note of Rs 500 /-

#   At a slightly higher level ( of Corruption ) , which local dada / goon / mafia , has official bank balance of Rs
     10,000 , even though his numerous safe deposit lockers are overflowing with Rs 500 / 1,000 currency notes ?
    
#   And at considerably higher level , any idea how many billions currency notes of Rs 500 / 1,000 are lying locked-
     up in the lockers of corrupt businessmen / industrialists / bureaucrats / politicians etc , beyond the reach of UPI
     or m-Wallets ?

#   Following figures will give you an idea :
   
    Latest available figures for currency notes in India :


   *  Total number of notes ( Rs 1 onwards )........ 76.5 Billion pieces ( = Rs 12468 Billion in Value )

   *  Of the above , share of Rs 1000 notes...........39 % ( ie : Rs 4862 Billion , by Value )

   *  And the share of Rs 500 notes....................  45 % ( ie : Rs 5610 Billion , by Value )

   * Share of Rs 1/2/5/10/20/50 / 100 notes........ 16 % ( ie : Rs 1995 Billion , by Value )


   Therefore , it stands to reason that the predicted increase in those NON-CASH transactions ( going up to 59 %

   by 2025 ) , will mostly eliminate just 16 % of the TOTAL currency-value in circulation !


   There does not seem to be any likelihood of Mobile Wallets , encroaching on the balance 84 % of the currency !


As I have repeatedly suggested , the ONLY way to bring to surface those Rs 500 / 1,000 Currency Notes , is to

embed these with RFID micro-sensors !


I hope , someday , some powerful , non-corrupt , honest ( and dictatorial ? ) Policy Maker will show the courage to

take this  MOST POPULAR / RADICAL / TRANSFORMING / GAME - CHANGING  decision !

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

29  Aug  2016




   
   







hemen  parekh


Marol , Mumbai , India


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


Saturday, 27 August 2016

Policy Paralysis : Can be Avoided


Policy  ParalysisCan be Avoided

Economic Times ( 25 Aug 2016 ) carries a news report titled :
"  Charges Against Coal ex-Secretary may Lead to Policy Paralysis "
The report quotes :
#  Shri Amitabh Kant ( CEO , NITI Aayog )
" He is the most honest officer I have come across in my entire career. Real travesty of justice. Sad & tragic. Errors
 in commercial decision making should be decriminalized. There cannot be a more honest person than Gupta "
#  A current Govt Secretary :
" He is more honest than I am or anyone of us here . If he is jailed, functioning of the government will come to a grinding halt . There are already too many concerns . If such things happen , no one will take any decisions "

No doubt , it is very difficult to conclude whether a decision was just " an error of judgment " or whether it was truly , a " mala-fide " decision to benefit the officer himself or his relatives / friends / business interests !

I request that the  Central IAS Officers Association , consider my following suggestion :
---------------------------------------------------------------------------------------------------------------------------------
Friday, 20 June 2014 ( source : www.hemenparekh.in > Blogs )

To err is human

To forgive is divine ( provided it was a honest error )


All of us keep making errors , all the time


But rarely same " mistake " twice


Often , decisions taken at a point of time , turn out to be " poor " , with passage of time


Reasons are simple :


*  We never have all the information - relevant to the problem we are trying to solve - available with us , at the time of taking a decision


*  Even when most of such relevant info is available , we may not have the capacity / competence to " process " such info


*  As humans , we have our biases / prejudices , based on our previous experiences , which influence our decisions


*  Quite often , and often against our own better evaluation / judgment of a given situation , we are wrongly influenced by our peers / bosses / subordinates or even voters - all of whom have different expectations / vested interests !


* Additional - and more relevant - information surfaces , AFTER we have taken a decision (happens all the time !)


To encourage Officers and Ministers to take
FAST decisions , Shri Narendra Modi must insist that they carefully " Record " on the files :

*  What are the " Options / Alternatives " available ( with advantage / disadvantage , of each )

* What info / data he wished was available for a better decision

* What different " views / opinions " were presented to him for consideration


* What " Data / Views " he would have obtained if he had more time


* Who all , the decision might offend


* What is the likely " Cost " of postponing that decision,


And finally a
Declaration :

* " This decision is not likely to benefit any of my near relatives / friends , directly or immediately "


After all of this , if the decision appears to be " Wrong " in hindsight , it must be " forgiven " and treated as an honest error

To err is human  !

Speaking at the TRANSFORMING  INDIA lecture ( 26 Aug 2016 ) , Shri Modi said :

"  We cannot march through 21st century with 19th century administrative systems . It would involve transformation of governance and mindsets as well as transformative ideas
Further , it would require rapid transformation and not gradual evolution "

I am afraid , despite all of this motivation / exhortation , no officer would want to stick his neck out for fear of it getting chopped off !

Even a trapeze artist in a Circus , needs a Safety Net before he can be motivated to jump !

My suggestion is that SAFETY  NET !

True , Sati Sita had to prove her innocence through fire !

But , in 2016 , no officer would want to go through the public humiliation of a media trial , till the courts prove him innocent !

For him , " No decision " cannot be faulted !
--------------------------------------------------------------------------------------------------------------------------------
27  Aug  2016






 


hemen  parekh


Marol , Mumbai , India


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


BEING PERCEIVED INNOCENT ?


Dear  Amitabh :


Just thought you might concur with thoughts expressed in following blog

It has been a long time since I heard from you , although , I do keep track of your views in media

with regards,


hemen

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


Policy  ParalysisCan be Avoided

Economic Times ( 25 Aug 2016 ) carries a news report titled :

"  Charges Against Coal ex-Secretary may Lead to Policy Paralysis "


The report quotes :

#  Shri Amitabh Kant ( CEO , NITI Aayog )

" He is the most honest officer I have come across in my entire career. Real travesty of justice. Sad & tragic. Errors
 in commercial decision making should be decriminalized. There cannot be a more honest person than Gupta "


#  A current Govt Secretary :

" He is more honest than I am or anyone of us here . If he is jailed, functioning of the government will come to a grinding halt . There are already too many concerns . If such things happen , no one will take any decisions "



No doubt , it is very difficult to conclude whether a decision was just " an error of judgment " or whether it was truly , a " mala-fide " decision to benefit the officer himself or his relatives / friends / business interests !


I request that the  Central IAS Officers Association , consider my following suggestion :

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

Friday, 20 June 2014 ( source : www.hemenparekh.in > Blogs )

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

To err is human

To forgive is divine ( provided it was a honest error )


All of us keep making errors , all the time


But rarely same " mistake " twice


Often , decisions taken at a point of time , turn out to be " poor " , with passage of time


Reasons are simple :


*  We never have all the information - relevant to the problem we are trying to solve - available with us , at the time of taking a decision


*  Even when most of such relevant info is available , we may not have the capacity / competence to " process " such info


*  As humans , we have our biases / prejudices , based on our previous experiences , which influence our decisions


*  Quite often , and often against our own better evaluation / judgment of a given situation , we are wrongly influenced by our peers / bosses / subordinates or even voters - all of whom have different expectations / vested interests !


* Additional - and more relevant - information surfaces , AFTER we have taken a decision (happens all the time !)


To encourage Officers and Ministers to take
FAST decisions , Shri Narendra Modi must insist that they carefully " Record " on the files :


*  What are the " Options / Alternatives " available ( with advantage / disadvantage , of each )


* What info / data he wished was available for a better decision


* What different " views / opinions " were presented to him for consideration


* What " Data / Views " he would have obtained if he had more time


* Who all , the decision might offend


* What is the likely " Cost " of postponing that decision,



And finally a
Declaration :


* " This decision is not likely to benefit any of my near relatives / friends , directly or immediately "



After all of this , if the decision appears to be " Wrong " in hindsight , it must be " forgiven " and treated as an honest error


To err is human  !


Speaking at the TRANSFORMING  INDIA lecture ( 26 Aug 2016 ) , Shri Modi said :


"  We cannot march through 21st century with 19th century administrative systems . It would involve transformation of governance and mindsets as well as transformative ideas
Further , it would require rapid transformation and not gradual evolution "


I am afraid , despite all of this motivation / exhortation , no officer would want to stick his neck out for fear of it getting chopped off !


Even a trapeze artist in a Circus , needs a Safety Net before he can be motivated to jump !


My suggestion is that SAFETY  NET !


True , Sati Sita had to prove her innocence through fire !


But , in 2016 , no officer would want to go through the public humiliation of a media trial , till the courts prove him innocent !


For him , " No decision " cannot be faulted !

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

27  Aug  2016


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

with regards,


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