Dear Amitabh ,
FYI
regards,
hemen
From: Hemen Parekh
[mailto:hcp@recruitguru.com]
Sent: Monday, February 23, 2015 9:01 AM
To: 'ajaitley@sansad.nic.in'; 'ajaitley@del5.vsnl.net.in'
Cc: 'mos-planning@gov.in'; 'bdebroy@gmail.com'; 'asubramanian@cgdev.org'; 'vk.saraswat@gmail.com'; '38ashokroad@gmail.com'; 'spprabhu1@rediffmail.com'; 'spprabhu1@gmail.com'; 'email@nitingadkari.org'; 'smritizirani@sansad.nic.in'; 'smritizirani@gmail.com'; 'tc.gehlot@sansad.nic.in'
Subject: FW: A VIRTUOUS CIRCLE ?
Sent: Monday, February 23, 2015 9:01 AM
To: 'ajaitley@sansad.nic.in'; 'ajaitley@del5.vsnl.net.in'
Cc: 'mos-planning@gov.in'; 'bdebroy@gmail.com'; 'asubramanian@cgdev.org'; 'vk.saraswat@gmail.com'; '38ashokroad@gmail.com'; 'spprabhu1@rediffmail.com'; 'spprabhu1@gmail.com'; 'email@nitingadkari.org'; 'smritizirani@sansad.nic.in'; 'smritizirani@gmail.com'; 'tc.gehlot@sansad.nic.in'
Subject: FW: A VIRTUOUS CIRCLE ?
Dear Friends
Here is my slightly " elaborated " version of
yesterday's suggestion
regards
hemen parekh
www.hemenparekh.in
> Blogs
------------------------------------------------------------------------------------------------------------------------------------------------------------
CREATE SELF - EMPLOYMENT
Dear Shri Jaitleyji :
I know that the Central Budget is already under
printing and it is too late for you to make any changes at this stage
But , nothing stops you from making " STRATEGY
" announcements in your budget speech , such as :
" This government will adopt
a strategy of generating Self Employment , to provide meaningful work - and
respectable income , to more than ONE MILLION jobseekers every month
To 50 MILLION jobseekers in the next 50 months
By getting banks to advance , small , low-interest
loans to those 125 million poor persons , who have opened bank accounts under
Jan Dhan Yojana
And , by abolishing Personal Income Tax altogether ,
for such Self Employed persons , for all deposits
made into these accounts for next 5 years "
Reason is obvious :
It needs a fraction of the CAPITAL ( fixed + working
capital ) to create a Self Employed job as compared to creating a job in
Organized Sector ( Public or Private )
As you drive to the Parliament House on 28th morning ,
you will get to see on the road - or in those shops lining the road - , a lot
of Self Employed persons .
What kind of CAPITAL ( in tools / machinery / Office -
Factory space ) would be needed create each of those " Jobs " ?
Here are my guesses for investment and space
requirement :
( What for ? / Office -Factory - home Space required )
:
* Domestic Servants / Maids /
Cooks........................ Rs ... NIL
( Nothing / Nil )
* Unskilled
Workers............................................... Rs
... 5,000
( Simple Tools /
Construction Site / Road-side )
* Milk Vendors / Delivery
Boys..................
Rs... 5,000
( Bycycle
/ operate from home )
* Pan-Bidi Gulla
Owners.......................................... Rs....
5,000
( Stock in
Dukaan / 25 Sq Ft footpath )
* Roadside Vegetable
Vendors.................................. Rs...
2,000
( Daily
purchase + 25 sq ft of footpath )
* Carpenters / Electricians /
Plumbers etc................... Rs ..... 2,000
( Tools of trade /
Operate from home )
* Tailors / Watch
Repairers...................................... Rs ......5,000
( Sewing Machine - Tools
/ Home or 100 sq ft of footpath )
* Hairdressers........................................................
Rs...... 10,000
( Tools
/ 100 Sq ft of shop rental )
* Rickshaw
Drivers...................................................Rs...... 50,000
( Rickshaw / Operate from
footpath )
I am sure your Ministry has better figures for 200
similar " Self Employed " categories . Or you may want to ask NCAER /
NITI Ayog / HRD Ministry etc
Now , how much CAPITAL will be required to create one
" EMPLOYED " job ?
Once again , here are my guesses :
* In MSME businesses /
companies......................... . Rs ... 2 Lakh
* In large Organized Sector
companies...................... Rs... 25 - 100 Lakhs
Do you see the logic ?
For ONE job in large / organized sector , you can
create 5,000 Self - Employed jobs !
One more thing :
How long does it take to create such jobs ?
> In large organized
companies..................................... 3 / 4 years
> In MSME
companies................................................. 1
/ 2 years
> Self Employed jobs ( Skilling /
Training Period )........... 3 / 6 months
Self Employment is the ONLY answer to avoid the fate of
PIGS ( Portugal / Italy / Greece / Spain ) and a host of other , "
Advanced Economies " - which borrowed BILLIONS of dollars from IMF / World
Bank / Others !
And now cannot pay back those loans !
Dear Shri Jaitleyji :
We have neither time , nor the money to create ONE
MILLION jobs every month in the organized sector
And we have promises to keep !
I will be keenly listening to your Budget speech
with regards ,
hemen parekh / Mumbai /
22 Feb , 2015
From: Hemen Parekh
[mailto:hcp@recruitguru.com]
Sent: Sunday, February 22, 2015 10:47 AM
To: 'ajaitley@sansad.nic.in'; 'ajaitley@del5.vsnl.net.in'
Cc: 'mos-planning@gov.in'; 'bdebroy@gmail.com'; 'asubramanian@cgdev.org'; 'vk.saraswat@gmail.com'; '38ashokroad@gmail.com'; 'spprabhu1@rediffmail.com'; 'spprabhu1@gmail.com'; 'email@nitingadkari.org'; 'smritizirani@sansad.nic.in'; 'smritizirani@gmail.com'; 'tc.gehlot@sansad.nic.in'
Subject: FW: A VIRTUOUS CIRCLE ?
Sent: Sunday, February 22, 2015 10:47 AM
To: 'ajaitley@sansad.nic.in'; 'ajaitley@del5.vsnl.net.in'
Cc: 'mos-planning@gov.in'; 'bdebroy@gmail.com'; 'asubramanian@cgdev.org'; 'vk.saraswat@gmail.com'; '38ashokroad@gmail.com'; 'spprabhu1@rediffmail.com'; 'spprabhu1@gmail.com'; 'email@nitingadkari.org'; 'smritizirani@sansad.nic.in'; 'smritizirani@gmail.com'; 'tc.gehlot@sansad.nic.in'
Subject: FW: A VIRTUOUS CIRCLE ?
CREATE SELF - EMPLOYMENT
Dear Shri Jaitleyji :
I know that the Central Budget is already under
printing and it is too late for you to make any changes at this stage
But , nothing stops you from making " STRATEGY
" announcements in your budget speech , such as :
" This government will adopt a strategy of
generating Self Employment , to provide meaningful work - and respectable
income , to more than ONE MILLION jobseekers every month
To 50 MILLION jobseekers in the next 50 months "
Reason is obvious :
It needs a fraction of the CAPITAL ( fixed + working
capital ) to create a Self Employed job as compared to creating a job in
Organized Sector ( Public or Private )
As you drive to the Parliament House on 28th morning ,
you will get to see on the road - or in those shops lining the road - , a lot
of Self Employed persons .
What kind of CAPITAL would be needed create each of
those " Jobs " ?
Here are my guesses :
* Domestic Servants / Maids /
Cooks........................ Rs ... NIL
* Unskilled
Workers............................................... Rs
... 5,000
* Milk Vendors / Delivery
Boys..................
Rs... 5,000
* Pan-Bidi Gulla
Owners.......................................... Rs....
5,000
* Vegetable
Vendors...............................................
Rs... 5,000
* Carpenters / Electricians /
Plumbers etc................... Rs ..... 5,000
* Tailors / Watch
Repairers...................................... Rs ......10,000
*
Hairdressers........................................................
Rs...... 20,000
* Rickshaw
Drivers...................................................Rs...... 50,000
I am sure your Ministry has better figures for 200
similar " Self Employed " categories
Now , how much CAPITAL will be required to create one
" EMPLOYED " job ?
Once again , here are my guesses :
* In MSME businesses /
companies............................. Rs ... 2 Lakh
* In large Organized Sector companies........................
Rs... 15 - 50 Lakhs
One more thing :
How long does it take to create such jobs ?
> In large organized
companies..................................... 3 / 4 years
> In MSME
companies................................................. 1
/ 2 years
> Self Employed jobs ( Skilling /
Training Period )........... 3 / 6 months
Self Employment is the ONLY answer to avoid the fate of
PIGS ( Portugal / Italy / Greece / Spain ) and a host of other , "
Advanced Economies " !
Dear Shri Jaitleyji :
We have neither time , nor the money to create ONE
MILLION jobs every month
And we have promises to keep !
I will be keenly listening to your Budget speech
with regards ,
hemen parekh / Mumbai /
22 Feb , 2015
From: Hemen Parekh
[mailto:hcp@recruitguru.com]
Sent: Wednesday, February 11, 2015 10:57 AM
To: 'ajaitley@sansad.nic.in'; 'ajaitley@del5.vsnl.net.in'
Subject: FW: A VIRTUOUS CIRCLE ?
Sent: Wednesday, February 11, 2015 10:57 AM
To: 'ajaitley@sansad.nic.in'; 'ajaitley@del5.vsnl.net.in'
Subject: FW: A VIRTUOUS CIRCLE ?
Dear Shri Jaitleyji
Allow me to withdraw my earlier
suggestion re : INVERSE TAXATION regime
At this stage , it's introduction ( in
your BUDGET on 28th Feb ) , will appear as " Business Friendly "
It is a pity that pseudo-experts and TV
anchors , have tried to create a perception that anything " Business Friendly " , is automatically
" People Un-Friendly " !
As if , " Business-Friendly "
and " People Friendly " are two mutually EXCLUSIVE concepts , whereas
no two concepts can be more MUTUALLY INCLUSIVE !
In any case , despite AAP win in Delhi ,
fortunes of BJP ( in the forthcoming Bihar elections and other State Elections
) can be reversed by you - and you alone - , swiftly and decisively , on BUDGET day
By announcing total
abolition of PERSONAL INCOME TAX
If not from this year , then from the
next year . But , announced NOW ! Giving one year of preparation time
This ( announcement of yours ) , will be hailed
by millions of Indians as , the MOST POOR
FRIENDLY !
I believe , today , only some 30 million
persons pay Personal Income Tax , contributing an INSIGNIFICANT percentage of total Central
Revenue
Thru Jan Dhan Yojana , some 115 million
bank accounts have been opened , with , nearly 73 % , having ZERO bank balance
Within 30 days of your announcement (
abolishing Personal Income Tax ) , expect these 75 million accounts to boast
deposits worth Rs 10,000 / - each
That is Rs 750 BILLION
!
No one knows it better than you , HOW ,
and WHY this would happen !
Simultaneously , announce creations of
SPVs in which these money can be invested
You will solve many problems with one
stroke !
regards ,
hemen parekh
Mumbai
0 - 98,67,55,08,08
From: Hemen Parekh
[mailto:hcp@recruitguru.com]
Sent: Monday, January 05, 2015 6:52 AM
To: 'ajaitley@sansad.nic.in'; 'ajaitley@del5.vsnl.net.in'
Cc: 'amitabh.kant@nic.in'; 'amitabhk87@yahoo.com'; 'amitabhk87@gmail.com'
Subject: A VIRTUOUS CIRCLE ?
Sent: Monday, January 05, 2015 6:52 AM
To: 'ajaitley@sansad.nic.in'; 'ajaitley@del5.vsnl.net.in'
Cc: 'amitabh.kant@nic.in'; 'amitabhk87@yahoo.com'; 'amitabhk87@gmail.com'
Subject: A VIRTUOUS CIRCLE ?
Dear Shri Jaitleyji ,
I submit my following suggestion for your
consideration
with regards ,
hemen parekh
0 - 98,67,55,08,08
Mumbai
---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
For over two years now , I have
been advocating ,
> " Inverse Taxation Regime " both , for Personal Income Tax as also for Corporate Tax
The more you earn , the less tax ( rate on next higher slab ) you pay
> For Corporate , the more people you employ , the less tax ( rate on next higher slab ) you pay
> Even total abolition of Personal Income Tax
There are over a dozen Countries where there is NIL personal Income Tax
So , there is a precedent that this can work !
If Personal Income Tax was to be totally abolished , what can / may happen ?
* There will be no incentive for tax evasion / avoidance
This will be a permanent FULL STOP to future generation of Black Money
* All payments will be received by cheques and deposited in Bank Accounts- digital banking on its way ?
* All stashed away Black Money will , somehow , on its own , find its way in bank accounts, - including Black Money lying in Foreign Banks , making SIT redundant !
This is the ONLY WAY , NDA government can redeem its promise !
* Savings rate will go up dramatically
* That will lead to greater purchasing power for all people
* Leading to higher domestic consumption of FMCG / Consumer Durables
* This will result in huge collection of GST , offsetting revenue losses
* Demand will go up , boosting manufacturing
* With rise in manufacturing , sub-contracting / outsourcing will increase , giving a big boost to MSME sector
* If manufacturing goes up , employment / self-employment , will go up
* For a change , we as a Nation , will learn to celebrate ,
# Wealth Creation as a means to reduce poverty
# World-size Companies to take on the World
* There will be less pressure on demands for higher salaries / wages
* If salaries / wages do not rise , inflation will ease
* Cost of manufacturing too , will go down
* Era of " Low Cost Economy " will set in ( VIRTUOUS CIRCLE ? )
* Savings will move from gold / land to Financial Assets
* With a low cost structure , our products / services will become , internationally competitive and exports will go up
* That will improve our current negative Trade Balance / CAD
* This ( abolition of Personal Income Tax ) should be coupled with SPVs for
# Infrastructure Projects ( especially Smart Cities / Corridors etc )
# Educational Institutions
# Skill Development Institutions
# Health care Facilities
# Solar Power ( Eqpt Mfr / Generation / Transmission / Distribution )
# Digital India ( Broadband ) Network
No questions must be asked as to the source of money invested in such SPVs
All income ( Corporate Income or Personal Income by way of dividends / interests etc ) arising out of investments made in such SPV , must be tax-exempted
SPVs , themselves , must not need to pay any taxes for 10 years
* What else ?
I hope our newly constituted " Niti Ayoga " will examine my suggestion and guide framing of
> 2015 Central Budget NITI
----------------------------------------------------------------------------------
hemen parekh / Jan 05 , 2015
From: Hemen Parekh
[mailto:hcp@recruitguru.com]
Sent: Tuesday, July 08, 2014 4:04 PM
To: 'pjamwal@gmail.com'
Cc: 'ajaitley@sansad.nic.in'; 'ajaitley@del5.vsnl.net.in'
Subject: Day After Tomorrow
Sent: Tuesday, July 08, 2014 4:04 PM
To: 'pjamwal@gmail.com'
Cc: 'ajaitley@sansad.nic.in'; 'ajaitley@del5.vsnl.net.in'
Subject: Day After Tomorrow
Central Budget : 2014
Dear Shri Arun Jaitleyji,
Even as you proceed to present Central Budget to Lok
Sabha on 10 July 2014 , please look out the window of your car and see the
" Poor " people on Delhi's footpath
Then , like Mahatma Gandhi ask yourself,
" Whatever budget proposals that I am about
to present , will these bring a smile to the faces of these poor ?
363 million poor Indians , who eke out a survival on
expenditure of Rs 32 ( rural ) or Rs 47 ( urban ) per day ? (
$0.5 - 0.8 / day )
For a family of 4 , that works out to , Rs 3840
- Rs 5640 per month
( $ 64 - $ 94 per month )
May be the head of the family manages to earn Rs 2,000
per month , doing odd jobs , here and there
The rest of the income must be coming thru ,
* Wife scavenging the garbage heaps for discarded
plastic bags / bottles
( when she is not salvaging discarded
food ! )
* Children begging on the streets ( you will see
them as you drive to Lok Sabha )
Now if,
* Our population keeps growing at 15
million per year
* Inflation keeps rising at 10 % per year,
necessitating raising " Poverty
Limit " by 10 % per year
Then ,
* How many more people will get added to
"Poor "population, every year ?
May be 5-7 million/year ? 25-35 million by
2019 ? Taking the total to 400 million ?
Mr Jaitley ,
Can you listen to their anguished cries ?
They are " begging " you to create jobs for
them , so that they can work hard and earn an honest / decent income , which
can lift them above that wretched " Poverty Line "
They don't want your dole-outs / subsidies for food /
LPG / Kerosene etc !
They don't want to remain dependent on Sarkaar - Maa
Baap , for ever !
Sir ,
Can you ( ie Central Government ) give them jobs ? To
even 50 million / year ?
Assuming that creating ONE job calls for an investment
( in fixed assets + working capital ) , of Rs 1 million ( Rs 10 lakhs ) , you
need,
* Rs 50 MILLION * MILLION , every year !
And YOU just don't have that kind of money
!
Even as { Rs 500 MILLION * MILLION }
of Black Money is locked up in un-productive assets , all over the
country !
The only way you can create those 50 million jobs /
year , is to enable these Black Monies to turn into WHITE MONEY and get channeled
into Infrastructure / Manufacturing / Services etc
And the only way you can do is to ,
* Introduce Amnesty Scheme ( now /
immediately )
* Introduce INVERSE TAX REGIME ( in 2015
Budget )
I have sent these proposals to Shri Narendra Modi /
Shri Murli Manohar Joshi / Shri Nitin Gadkari etc , during the past 8 months
* hemen parekh (
08 July 2014 / Mumbai )
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