Nikhil
Like
all other parties , AAP is also promising , some effective steps to curb the
menace of BLACK
MONEY , if voted to power
But
no party has spelled out what PRECISE STEPS it will take , towards this end !
I
believe , AAP has a Committee on Economic Policy Formulation
I
would request you to forward , to the Members of that Committee , my following
blog , containing my suggestion on how BLACK MONEY can be eliminated and the PARALLEL ECONOMY
destroyed
----------------------------------------------------------------------------------------------
LEGALIZE
MONEY LAUNDERING ?
In
Satyamevajayate TV episode ( 23 March 2014 ) , Amir Khan had one expert present
the following fact :
Market
value of ALL the fossil fuels + ALL the minerals , lying under Indian soil is ,
A
= Market Value = Rs 5 * Thousand *
Lakh * Crores
If
we were to extract all of these in the next 100 years , then
B
= Annual Output = Rs 5 * Ten *
Lakh * Crores
( on dividing " Thousand " by " Hundred "
)
But
how much additional investment would we need to get such an output ?
Let
us assume that we need an additional investment of " Rs TEN " to
raise an additional output of " Rs ONE "
That
is an ICOR of 10 ( " Incremental Capital Output Ratio " , which is
now close to 6 in our country )
So
, let us divide B by 10 , to get ,
C
= Additional Investment = Rs 5 * Lakh *
Crores
Bingo
!
If
we are to believe sundry Economists ( Baba Ramdev / Narendra Modi etc included
) , then that is exactly ,
D
= Black Money = Rs 5 * Lakh * Crores
(
Amount locked up / stashed away by Indians in Swiss + local banks + gold + land
etc , by way of " Unproductive Assets " )
Now
, all that we need to realize our underground resources is a " Magic Wand
" that would convert this Black Money into White Money !
Turn
our " Unproductive Assets " into " Productive Assets " (Rs
5 Lakh Crores )
And
enable people to do so legally !
Here
is my oft-repeated suggestion ,
"
Inverse " the Personal Tax slabs as follows :
>
Up to Rs 2 lakhs..................... NIL
>
2.1 - 5.0 lakhs...................... 10 %
>
5.1 - 10 lakhs....................... 8 %
>
10.1 - 20 lakhs...................... 6 %
>
20.1 - 50 lakhs..................... 5 %
>
50.1 - 100 lakhs..................... 3 %
>
Above 100 lakhs...................... 1 %
What
is likely to happen with such " INVERSE TAXATION " regime ?
Following
few things :
>
Total personal tax payer base will go up dramatically from current 4
crores tax-payers
>
with this " INVERSE
TAX REGIME " , there will be no incentive to evade
taxes and to generate " BLACK MONEY "
There will be no resistance to accept ALL payments by cheque / electronic
clearance
The more you disclose as your income , the less you pay by way of taxes
>
For a change , we will learn to reward honesty / efficiency / productivity !
No need to bribe those Income Tax officers !
>
Suddenly , lakhs of crores of BLACK MONEY will become WHITE MONEY
>
There will be a huge surge in bank deposits ( - even with , the inevitable
lower interest rates )
>
Banks will be awash with funds to finance businesses / infrastructure
projects etc , encouraging entrepreneurs / self-employed to set up new
businesses ( at 2 % interest rates of loans ) and generate millions of jobs
Amir
Khan said ,
"
If we divide Rs 5 * Thousand * Lakh * Crores , by 1200 million Indian population
, then each one of us , is the proud owner of Rs 40 lakhs ! "
My
suggested Magic Wand would eliminate poverty - something which Congress
Governments have been trying to do for the past 60 years !
*
hemen parekh ( 24 March 2014 / Mumbai
)
-----------------------------------------------------------------------------------------------------------------------------
-----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
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
AAP website - http://aamaadmiparty.org/
AAP twitter - https://twitter.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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