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

Saturday, 14 February 2015

BUDGET REFORM


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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