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

Thursday 27 March 2014

RE: Reach-Out To Donors


Nikhil

Here is my latest blog covering some suggestions that might interest your Manifesto Committee

hemen


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Manifesto   Misconduct   ?

In its manifesto released yesterday , Congress has promised to create 10 Crore ( = 100 million ) new jobs in next 5 years , if voted to power

Now , EC's Model Code of Conduct tells political parties ,

"  If you make any promise in your manifesto , you must also spell out , how
   you are going to fund it ; how - and from where - you are planning to
   raise the money to fulfill your promise  "

No such explanation / clarification in Congress Manifesto  !

Only EC can say whether this is a blatant violation of Code of Conduct

Provided , BJP / AAP lodge a complaint with the EC

But BJP / AAP can do better than just lodge a complaint

In their own respective manifestos , they too , can promise to generate 100 million new jobs in 5 years , if voted to power

But strictly , in

>   Organized  Private  Sector

>   Un-organized  Private  Sector

>   Self - Employed  Sector

Now each job will require an additional Capital ( fixed + working ) of Rs 1 million , on an average

That means , these Sectors ( not the Government ) will need to raise ,

>  Rs  1 million * 100 million  ( Rs 10 Lakh * Crores )

If voted to power , we ( BJP / AAP ) will enable these Sectors to raise this amount of funds thru introduction of following schemes :

>    BLACK  MONEY  AMNESTY  SCHEME

These Sectors will be allowed to invest their Black Money ( whether stashed locally or abroad ) in specific , Government - Approved , " Infrastructure Bonds " . No questions will be asked as to the source of the funds and the interest earned will be tax-free for a period of 10 years

>    JOB  GENERATION  SCHEME

Since the emphasis is on Job Generation , companies will be " incentivized " to hire more permanent persons
The incentive will be in the form of reducing Corporate Income Tax ( % ) as a company's employment goes up by setting in motion , " INVERSION  of JOB  REDUCTION " regime , under which ,

"  The more jobs a company creates , the less Corporate Tax it pays "

Example :

> Up to employment of 100 persons  ............................... 30 %  tax
> 101  -  500 persons....................................................  25  %
>  501 - 1000 persons ...................................................  20  %
>  1001 - 5000 persons ..................................................  15  %
>  5001 - 10,000 persons ................................................. 10  %
>  Above 10,000 persons .................................................    5  %

Let us celebrate those who provide employment to large number of persons

DOWN-SIZE   GOVERNMENT    SCHEME

*  Government is already over-staffed . It is hiring 4 persons to do the work of one  !
Hence , no new jobs will be created in Government or in PSUs for next 5 years
There will be a " Recruitment Freeze " in government - except for the defense services
Government  /  PSU employment will be allowed to shrink thru resignations / retirements / deaths etc , by adopting the rule of " No Replacements "

SELF  EMPLOYEMENT  SCHEME

Every unemployed person registering under this scheme will get an interest - free loan of Rs 50,000 / - from any scheduled bank where he / she opens a bank account , repayable in 10 years. Central Government will insure these loan-re-payments
A suitable mechanism will be put in place to prevent misuses such as ,

*  Duplicate loans from different banks

*  Already employed persons applying for loans

*  A loan-taker taking up  a job after availing a loan


>   HONESTY  REWARD  SCHEME

" Inverse " the " Personal Income Tax " slabs as follows :

>  Up to  Rs 5 lakhs..................... NIL  tax
>  5.1  - 10 lakhs.......................  8 %
>  10.1 - 20 lakhs......................  6 %
>  20.1  - 50 lakhs.....................  5 %
>  50.1 - 100 lakhs.....................  3 %
>  Above 100 lakhs......................  1 %

This will encourage tax-payers to honestly declare their entire income and eliminate tax-evasion / black money generation at the very source itself  !

Under such a scheme , Rs 5 * Lakh * Crores worth of estimated Black Money will return to the official " White Money " banking stream , during FY 2014-15 itself  !

Can you imagine everyone wanting a " Cheque Payment " only  !

And this White Money will get deployed in the CAPITAL MARKET , officially !

With this , we expect the SENSEX to cross 50,000 by 2019  !

Listed " Private Sector " companies will be able to attract funds at very low interest rates and deploy these for creating productive assets / employment

These funds will also encourage Private Sector companies to take up long duration Infrastructure Projects - without asking the Governments to guarantee " Viability Gap Funding "


CAPITAL  ASSETS  CREATION  SCHEME


Under this scheme , companies will be granted an " Accelerated  Depreciation " on incremental Capital Assets created  during the year

This will encourage companies to plough back their profits into creating manufacturing capacities , thereby improving the contribution of manufacturing to our GDP

Simultaneously , this scheme will give a huge boost to India's Capital Goods Industry - the mother of all industries  !

I hope the Manifesto - Writers of BJP /  AAP  etc examine these schemes and ask of themselves ,

"  Will these meet EC's Code of Conduct  ?  "


*   hemen  parekh  ( 27 March 2014 / Mumbai )

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-----Original Message-----
From: Delhi Elections [mailto:delhielections@aamaadmiparty.org]
Sent: Thursday, March 20, 2014 11:55 PM
To: Hemen Parekh
Subject: Re: Reach-Out To Donors

Dear Mr. Parekh,

We are forwarding your mail to our social media and IT team for
further consideration. They will analyze the tools and get back to
you.

Warm Regards,

Nikhil
Team AAP

Connect with us on Social Network:

AAP National Page -www.facebook.com/AamAadmiParty
Party Help Line number: 09718500606 (9 A.M. to 9 P.M. - 7 days a week)


On Wed, Mar 19, 2014 at 8:13 AM, Hemen Parekh <hcp@recruitguru.com> wrote:
> Nikhil   /   Ayushi  Saxena  and AAP Team,
> 
> 
> 
> 
> 
> Despite occasional mistakes of AAP leaders ,my support to AAP's cause
> continues
> 
> 
> 
> Mostly by writing blogs and posting these as my " Comments " on various web
> sites
> 
> 
> 
> But here is one more way , I can help AAP reach-out its message to the
> Corporate World of India
> 
> 
> 
> Whether that message is for donations ( I don't know whether that is allowed
> after coming into force of " Model Code of Conduct " )
> 
> 
> 
> OR
> 
> 
> 
> that message is to spell-out AAP's Economic Policy if voted to power
> 
> 
> 
> Just a few days back , I launched my 9th web site ,
> 
> 
> 
> 
> 
> 
> All services are FREE
> 
> 
> 
> 
> 
> Here is how you can use B2B , to spread your message
> 
> 
> 
> 
> 
> STEP# 1
> 
> 
> 
> Register on B2B  as a Subscriber
> 
> 
> 
> STEP# 2
> 
> 
> 
> Compose your message
> 
> 
> 
> STEP# 3
> 
> 
> 
> Blast your message
> 
> 
> 
> To,
> 
> 
> 
> 2,27,000 Companies
> 
> 
> 
> in 2000+ towns
> 
> 
> 
> listed according to 52 Industry - Sectors
> 
> 
> 
> 
> 
> And absolutely FREE  !
> 
> 
> 
> All State Units of AAP can register independently to carry out their own /
> local campaigns
> 
> 
> 
> If there are any questions , do not hesitate to write or phone on (M)
> 0-98,67,55,08,08
> 
> 
> 
> regards
> 
> 
> 
> hemen
> 
> 
> 
> 
> 
> 
> 
> 

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