WE WILL TRY THIS TODAY

Sanjivani,

We will try uploading the following blog ( on 4 web sites ) today , when I am in office

Hcp

Just    One    MORE    STEP    LEFT 

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NEW DELHI, JANUARY 27: 

“We are going to start Aadhaar Pay. With this, people will not require to carry their mobile phone for payments. They can visit any merchant, share their Aadhaar number and verify themselves using biometrics to pay and receive money,” Ravi Shankar Prasad, Minister of Electronics and IT, said here.

The Minister also said the Bharat Interface for Money (BHIM) app has also been integrated with the Aadhaar Enabled Payment System on Thursday.

Dear Shri Prasadji :

For those 100 Crore Indians who cannot enter their Aadhar Number in the Smart phone , please consider taking the following next – and ultimate / inevitable – step , outlined in my earlier email dated 03 Dec 2016 :

Reincarnation of Smart Phone ( with SARAL app )

Why do people need to " OWN " a phone ( AEPS pre-installed ), in order to be able to " USE " it ?

People who make their purchase payments using Credit / Debit cards , do NOT own their personal PoS machines / Card Readers !

The SELLER owns those machines , kept on his counter

And allows the BUYERS to use these while making payment

With AEPS duly " integrated " with Aadhar-based BIO-METRIC device , linked to user's bank account , there is no technical reason , why a BUYER cannot use an AEPS installed phone , lying on the counter of the SELLER !

When he is carrying his EYES - and his Aadhar Card - there is no need for him to " OWN / CARRY " his own EYE - READER ( smart phone ) , wherever he goes !

Just look into the camera of the SARAL phone lying on the sales counter , speak your Aadhar Number , then speak payment instruction !  As SARAL ( simple ) as that, until smart phones start reading your unspoken thoughts !

And putting a 100 million SARAL phones ( pre-installed with AEPS ) , into the hands of SELLERS , is much easier /faster / cheaper than placing 500 million phones into the hands of USERS !

With this innovation ( shrinking and morphing a bulky PoS / Card Reading Device to a tiny SARAL phone , pre-installed with AEPS ) , there is an opportunity for manufacturers of these devices to " re-invent " themselves !

Now is the time to make themselves obsolete , before someone else does !

If they don't , they are cooked !

And , since Credit / Debit card Issuers too are on the verge of " going into oblivion " , they would be happy to tie-up with PoS / Card Reader manufacturers , to implement my suggestion

They can still survive , if they ensure that those MORPHED / SHRUNK devices ( called SARAL phones ) , enable millions of illiterate Indians to make their payments , just by " talking to the phone ( lying on the SELLER's counter ) " , in a language of their choice !

If they succeed in pulling off this innovation ( of spoken instructions ) , they have a good chance to beat existing Mobile Wallet companies

Dear Shri Amitabh Kant :

If asked , Sundar Pichai ( Google ) would gladly combine " Google Talk "  with " Google Translate " , to come up with a  " SARAL " app which can be integrated into AEPS !

This  SARAL  avatar of a Smart phone , has tremendous scope for export all over the World .

I hope , the Members of the Chief Ministers Committee , find time to debate my suggestion

31  Jan  2017

www.hemenparekh.in / blogs

×

SOLAR POWERED ROADS FOR INDIA ?

Dear Leslie,

Enjoyed reading your article in MINT ( 25 Jan )

You may recollect our couple of meetings when you were with S Kumars ( April 2000 ) [ See :  http://hcpreports.blogspot.in/2016/03/skcl-3p.html ]

I had visited COLAS establishment in Paris , sometimes in 1989 , in connection with licensing of their Cold Asphalt ( hence name COLAS ) technology , when I was working with L&T .

As recent as a few months back , I had written to several officers of BMC , pointing out ( and explaining in details ) , how this simple technology can permanently solve the problem of pot holes , all over India

But , as expected , not even an acknowledgement !

As far as my own views on Solar Power is concerned , you may want to look up the following links

With Regards,

hemen  parekh 

www.hemenparekh.in 

hcp@RecruitGuru.com 

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

http://myblogepage.blogspot.in/2017/01/solar-power-at-rs-1-per-kwh.html

http://myblogepage.blogspot.in/2017/01/sun-our-soul-new-sos.html

http://myblogepage.blogspot.in/2016/09/sun-is-solution.html

http://myblogepage.blogspot.in/2016/07/unlimited-power-and-round-clock.html

http://myblogepage.blogspot.in/2016/03/piyush-plan.html

http://myblogepage.blogspot.in/2015/12/saving-current-generation.html

OPPORTUNITY OF A NATION'S LIFETIME !

Solar Power at Rs 1 per Kwh ?

Today’s MINT carries following news report :

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Govt mulls introducing fixed-cost component in renewable energy tariff :

The idea is to prevent distribution companies (discoms) shying away from procuring electricity generated by such projects, as they will have to pay the fixed tariff component even if they don’t buy the electricity contracted for.

Such a tariff mechanism already exists for electricity from conventional sources such as coal and gas which has two parts—A FIXED COST, WHICH IS THE INVESTMENT INCURRED TOWARDS POWER GENERATION EQUIPMENT, and a variable cost or the cost of fuel.

“The idea is to fix a certain component which will allow a renewable energy project developer to SERVICE THE DEBTS even if the distribution companies (discoms) back down from buying electricity. It is under consideration,” said a government official, who too sought anonymity.

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In case of solar power ,

Cost of fuel ( sunlight ) is ZERO

Cost of Maintenance is almost ZERO ( wash the panels )

Cost of Investment  is “ Interest on borrowed funds “

How low can this “ fixed cost “ ( servicing the debt of the company generating solar power ), go ?

In California , when interest cost went down to 1 % , fixed cost of generation went down to 4 cents / Kwh ! ( Rs 2.7 )

Website of  MASDAR (http://www.masdar.ae/ )  , talks of latest installation where this has gone down to 2.6 cents ( Rs 1.74 / Kwh ) !

In India , we are planning to add Solar Power to the tune of 100 GW by 2022

How can we make that happen ?

And , can we make that happen at Re 1 per Kwh ? or less ?

We can , if  CAPITAL COST  is  ZERO !  No interest burden !

How ?

It can happen if NDA government musters enough courage to implement what I have been suggesting for past 2 years, viz:

  *  Government declares units belonging to " Solar Power ( Panel Mfr / Power Production &

    Distribution / Ancillary Mfr  ) " as    a "  SOS " industry

*   Units will need to register as such with Department of Company Affairs ( DIPP )

*  Units will be exempt  from paying Corporate Income Tax for 10 years , on whatever

   income they earn ( only those starting operations latest by 31 March 2018 )

 *  No questions will be asked as to the " source " of funds invested in the shares of such

   units ( a kind of Temporary Amnesty Scheme - 01 April 2017  till 31 March 2018 - to

   channelize BLACK MONEY into creation of PRODUCTIVE  / NON-POLUTING assets )

 *  Units cannot engage in any other Industrial / Commercial / Financial activities

 *  Units cannot declare any dividends to share-holders for 10 years

These are just broad outlines and details need to be worked out

If there is political courage to pull off such an initiative , government will NOT need to allocate ANY AMOUNT !

NO NEED TO SUBSIDIZE THESE UNITS OR THE USERS , WITH THE TAX PAYERS' MONEY !

Remember , how , only a few months back , tiny Indonesia managed to collect $ 300 billion of its Black Money , by levying tax ( no penalty ) of just 4 % !

And with this kind of  INCENTIVE WINDOW ( to convert BLACK into WHITE ) , expect

*  Hundreds of SOS Units to spring up before 31 March 2018

*  They will have ZERO cost as far as servicing of EQUITY is concerned ! No dividends !

*  They will not need to borrow funds from banks and pay interest ( no danger of NPA ! )

*  They will compete with each other fiercely and ( as it is already happening in USA ) ,

   start offering roof top installations, absolutely FREE, and selling the generated power at

   20 paise/Kwh, for 10 year purchase agreement and with a 5 % tariff reduction per year !

   We can look forward to witnessing similar competition among large , land-based ,  solar

   power installations which will be the main suppliers to large commercial establishments /

   industrial factories / infrastructure projects / Electric Vehicle Charging stations , etc

  

Just imagine

*   how much, our LOW ENERGY COST ECONOMY can make us , INTERNATIONALLY  COMPETITIVE !

*  the rise in GDP !

*  the possibility of being able to export our surplus power to neighbouring countries

*  Being able to replace 6 million petrol / diesel vehicles with EVs by 2020 , due to

   easily available charging stations on every street corner

*  Reduction in pollution by shutting down of hundreds of existing fossil fuel based power

    plants , whose utilization will drop below 10 % by 2022 ( as against National Electricity

    Plan expectation of 48 % , and a un-viability threshold of 55 % )

30  Jan  2017

www.hemenparekh.in / blogs

THANK YOU , MR TRUMP !

The  Mini  Wall  of  Mexico

Two days back, President Donald Trump signed an executive order to immediately start construction of a wall along the USA / Mexico border

The wall will be 1000 miles long , 50 / 60 feet high and take 5 years to build , at an

estimated cost of $ 14 billion. It might possibly employ 1000 workers

Despite being a mammoth project, this pales before the Great Wall of China, which stretches for almost 3900 miles along the northern border of China

That Chinese wall was built some 2000 years ago and engaged 1.5 Million labours over a period of 200 years

It is recorded that some 3-5 lakh soldiers were stationed along that Chinese wall to guard against invaders from the north

President Trump plans to post 5,000 border patrol along the wall to prevent entry into USA, of Mexicans in need of jobs and trying to escape poverty

Now Mr Trump cannot build a wall along the vast sea-coast of America , nor build a wall in the sky , to prevent internet penetration !

So, he has also threatened to drastically cut back on H1-B visas under which , currently some 300,000 Indian techies are working in USA , both for Indian and American companies

Trump has given to American citizens , a slogan : Buy American

And to American Industrialists , a slogan : Hire American

He does not realize that , through his Executive Orders ,

·          He cannot stop the march of Technology ( remember wise king Canute ? )

·          

·          

·          He has done a great service to India ! ( a blessing in disguise ? )

·          

·          

Here is how :

A poor family was eking out a living by selling the fruits that grew on a tree in their backyard

There was no need for anyone in the family to work , making all members lazy

A friend who realized that this situation would perpetuate the poverty , cut down the tree one night and ran away

In the morning, the distraught family realized that they can no longer depend upon the fruits of the tree for a living !

They all started working and gradually prospered !

I hope :

·         NDA government would seize this opportune moment , to turn India into,

·          

“  The Back Factory of the World “

{  http://myblogepage.blogspot.in/2015/09/back-factory-of-world.html  }

Where I echo the vision of Shri Jayant Sinha  

{ http://myblogepage.blogspot.in/2017/01/thank-you-for-your-vision.html }

, so that Indian geeks sitting in small towns of India can remotely replace Americans working in their ,

  *    Farms and Factories

  *    Hotels and Hospitals

  *    Malls and Markets

  *    Roads and Railways

  *    Workshops and Warehouses

  *    Garages and Gardens

  *    Drones and Delivery Trucks ….etc

Any person starting a “ Back Factory “ operation which earns dollars through “ export “ of “ Remotely Delivered Services “ would be exempt from Corporate and Personal Income Tax for 10 years

It is time to get out of the way of these “ Self Employed “ to enable them to take on the World !

·         Shri Arun Jaitleyji would not simply  “ copy “ Donald Trump and make marginal / token reduction in Corporate Income Tax in his budget three days from now ,

·          

·          

     But , introduces what I have repeatedly suggested ,

   “  Inverse Corporate Tax Regime “ , 

{ http://myblogepage.blogspot.in/2016/08/incentivizing-employment.html }

     where , the greater the number of employees engaged by a Company , the lesser (   incremental ) tax rate on successive higher slabs / levels of employees

     Of course , no Indian company would simply hire more employees in order to take advantage of a lower tax rate but this will discourage them to resort to “ automation “ just in order to reduce manpower costs . It will be Indian Innovation to beat the malaise of  a “ Jobless Growth “

·         Shri Jaitley announces measures to turn India into a ,

·          

·          

   “  Low  Cost  Economy “ 

{  http://myblogepage.blogspot.in/2016/11/automation-is-inescapable.html  }

Thank You , Mr Donald Trump :

{ http://myblogepage.blogspot.in/2016/12/one-up-on-donald-trump.html }

YOU MAY HAVE WOKEN US UP FROM OUR SLUMBER !

29  Jan  2017

www.hemenparekh.in / blogs