Dear
Shri Gadkariji
As
far as massive Infrastructure Projects are concerned , apart from streamlining
processes , no doubt , your major worry must be :
"
How / from where , to raise billions of Rupees to fund these projects ?
"
Among
the various options that , I am sure , you are exploring , must be creations of
Infrastructure SPVs , in which ,
public
at large can invest
But
, since these projects take years to implement and then some more years to
become profitable ( before they can pay out tax-free dividends ) , who would
come forward to invest in these SPVs ?
Only
answer is to get those BILLIONS of black money ,
stashed away in
>
local bank lockers
>
secret / illegal foreign bank accounts
>
Benami ownership of huge parcels of land
>
Gold..........etc
And
there is ONLY ONE surefire way to bring
out these black moneys and get these invested into productive ventures ,
without expectation of immediate returns ( dividends )
And
that is :
Total abolition of Personal Income Tax
How
this can be brought about is explained in my following blog
Nothing
short of an Out-of-Box thinking will help
A Gordian Knot cannot be unraveled . It has to be cut with a
sword !
with
regards,
hemen
parekh ( 0 - 98,67,55,08,08 )
Marol
, Mumbai
--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
One Up on Free Wi -
Fi ?
AAP
won Delhi Elections by offering Free Wi Fi / Water / Electricity etc
Apparently
, offering anything " Free " , works like a sure-fire strategy
In
the past , various political parties have managed to ride home to power by
offering , free,
*
Rice
*
Mangal Sutra
*
Buffalos
*
Laptops / Tablets
*
Mixies / Bycycles.......etc
For
the forthcoming elections in Bihar , what freebies can we expect to be
promised ?
>
From RJD / JDU / Congress etc :
* Free Education / Health Care / Roti - Kapada - Makaan / Transport / LPG
..etc
>
From BJP
( only from BJP - being in power at the Centre ) :
* Total abolition of Personal
Income Tax ?
Sure , Centre would lose revenue of ( approx ) Rs 3 lakh Crores
But look at the Up-Side :
* Those 8 Crore ( out of 11.5 Crore ) Bank Accounts opened under Jan Dhan
Yojana , which have , currently ZERO balance , would suddenly swell with
cumulative deposits of , Rs 30 lakh Crores
!
Don't ask , where the money came from !
Just
let them spend ( or invest ) to expand the economy , by boosting Purchasing
Power
If all of these moneys get " spent " on various kinds of
" purchases " , how much GST amount will Central Government collect ,
at 27 % rate ? Double of lost revenue of Rs 3 lakh crores ?
* Permanent solution to prevention of future generation of Black
Money !
( By taking away incentive to hide any income ! )
* Elimination of " Tax - Terrorism / Root of
all corruption "
* Save crores of Rupees thru dismantling of Personal Income Tax
department
* Centre will not need to beg Japan / Russia / China etc to bring
in dollars to invest in Mega Cities / Rail Corridors / Sagar Mala ports /
Highways / Airports / Power projects .. etc
Of
course , " Experts of Economy " will advance dozens of reasons , why
this is a crazy and impractical idea
But
then , Economy of a country is too serious a matter to be left to the
Economists !
A seemingly " impossible " thing gets done , simply
because SOMEONE wants it done !
Shri Jaitley :
It
is still not too late to up the AAP !
with
regards
hemen
parekh / 12 Feb 2015
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