BUDGET SUGGESTIONS

Dear Shri Jaitleyji

Even as I anxiously await to listen to your Budget speech tomorrow , I do hope that the concept outlined in my following earlier email will find an echo - however feeble - in your presentation

with regards ,

hemen  parekh / 27  Feb  2015

( M ) 0 - 98,67,55,08,08

hcp@RecruitGuru.com

Mumbai

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BUDGETING     BY    OBJECTIVES

Dear Shri Jaitley ,

Come Feb 2015 and you will present your Budget in Lok Sabha

You will allocate thousands of crores of rupees to different ministries , for spending during 2015-16

You may even increase / decrease their allocations based on , to what extent ( % ) did they manage to actually " spend " their current year's allocations

The one and only emphasis is on " spending " !

As usual , no MP will ask :

"  But , what exactly did the Minister concerned achieve by spending this money  ?

What  physical / measureable targets did the Minister succeed in reaching / exceeding , with that money  ?

Where / What are the OUTPUTS  ?

Why  is it that no targets were set in advance , before the start of the year ?

How come , Minister was allowed to shoot first and then draw concentric circles around the hole afterwards ( at the end of the year ) , to claim BULL'S EYE  ?  "

In private sector , shareholders / bankers do not hesitate to sack the CMD / MD / CEO , if he fails to deliver on promised profit

Then , why are Ministers allowed to retain their posts ( - or even get kicked upstairs ! ), despite failing to deliver  ?

Dear Shri Jaitley :

MPs should know that YOU cannot answer these questions , simply because , at the time of the Budget Exercise , no physical OUTPUTS  got fixed for each Minister

What did get fixed , were only EXPENDITURE TARGETS  !

Simply because MPs passed the Budget  without fixing targets  such as following for 31 March 2015 :

*  Finance Minister

   >   GDP ..... 6 % ............ [ 10 % improvement ]

   >   CAD.......( -  ) 5 % .....[  20 % improvement ]

*  Commerce Minister

   >   Exports........ $ 350 Billion  ....  [ 10 % improvement  ]

   >   FDI..............$    50 Billion...... [  20 % improvement  ]

*   Railway Minister

    >   Lengths of Tracks...... 125,000 Km.....      [  Up by 10 %  ]

    >   No of Passenger Trains / day..... 10,000... [ Up by 10 % ]

*   Health Minister

   >   Chronic Hunger and Hunger Related Deaths

         8 Million / year .................................... [  Down by 20 %  ]

   >   Under-nourished people..... 200 million..... [ Down by 10 % ]

*   Social Welfare Minister

    >    Dowery Deaths / year....... 8,000...... ...... [  Down by 10 %  ]

    >    People without Toilets........ 500 Million....  [ Down by  20 % ]

*   Agriculture Minister

    >    Farmers Suicide/ year..... .. 14,000...............  [ Down by 20 %  ]

    >    Food Grain rotting / year..... 5 Million tons.....   [ Down by 20 %   ]

So on and so forth for each Minister

Some caution / suggestions :

*    Ignore the numbers given above. I could be factually wrong

*    Focus on the concept of " Management by Objectives "

*    Overcome the fear of " failure to meet the targets ".

*    Overcome the fear of " being ridiculed " !

*    Don't chop off the neck that dares to stick out  !

*    Only failure is , not fixing the targets  !

*    Actual vs Targeted achievements must be measured , on an ongoing

      basis , by totally independent THIRD PARTY agencies

      Ministers / Finance Minister and these Agencies , must agree in advance

     how the Agencies will go about " measuring " the Actual Achievements

      The method of measurement must be transparent and well publicized

      in advance

      Agencies shall have no role in fixing of Annual Targets

      That is best done by the Prime Minister - the CEO , MakeInIndia

*    There must be at least 10 performance parameters for each Minister

*    Parameters themselves could be selected / prioritized , based on an

      ONLINE PUBLIC SURVEY / OPINION POLL , from Govt web site

*    If conducting such an ONLINE POLL for the forthcoming budget is

      too late , same could be done on a printed form , by current MPs /

      MLAs / Rajya Sabha Members

*    Results of the SURVEY / POLL , must be published

I hope readers of this blog will contribute by passing on this message to

>    all of their friends / relatives / acquaintances / colleagues

>    as many legislators whose email IDs they can find

>    to Shri Jaitley ( ajaitley@sansad.nic.in  /  ajaitley@del5.vsnl.net.in )

>    Everyone in their CONTACT list

OR,

>   request them to look it up on...www.hemenparekh.in

Somehow , we must bring pressure on Lok Sabha Members , NOT to approve the forthcoming budget , unless TARGETS are set in advance

*   hemen   parekh  /  06  Dec  2014

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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

    *   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

( M ) 0 - 98,67,55,08,08