TREADING THE BEATEN
PATH ?
You may also call it , " Path
of the Calf " , a beautiful old poem by ,
Sam Walter Foss ( 1858 - 1911 )
The crooked path that a lonely calf cut through the
dense jungle , 100 years ago
Men followed / horses followed / carts followed /
vehicles followed
Till it became a Inter State highway !
But still crooked !
Sure , it does take you where you want to go - except
it takes a long time !
I was reminded of this while reading a news report
which said :
* MUDRA bank has disbursed Rs 24,000 cr to 27
lakh jobless youth to start
micro businesses . On an average ,
less than Rs 1 lakh per person
* In 2015-16 , it plans to distribute loans to
1.25 crore jobless
* Assuming same ave amount , that would mean Rs
1.25 crore*lakh
Now recall following :
* Some 4.3 crore youth are registered with 900 +
Employment Exchanges
of India . Perhaps twice as many
have not even bothered to register ,
since it will take 300 years to
clear the present backlog , at the rate at
which these exchanges are able to
find jobs ! So , a total of 13 crore
jobless ?
* Some 40 crore Indians are below the poverty
line . Even if only ONE in
FOUR , wants to start a micro
business , that means 10 Crore persons in
need of MUDRA loan ?
* So , even if Rs 10 Cr*lakh could be mobilized
, it may take 8 / 10 years
to give loans to these 10 / 13 crore
jobless !
Now it was only yesterday that , in a meeting with
America's top CEOs in New York , Prime
Minister Narendra promised to fast-track the decision-making process,
acknowledging that ,
" the world is not going to wait for us ".
I have a feeling that crores of jobless Indian youth are also
unwilling to wait
for 10 years !
Instead , here is what NDA government need to do :
* Enact " Start Up Act - 2015 " suggested
earlier
* Abolish Personal Income Tax for Start Ups registering
on web site of
Income Tax department ( must file ZERO TAX
return for 10 years )
* No questions asked re source for all investments made
in Start Ups ,as
long as this cash gets deposited in the bank
account of that Start Up
This will ensure that , within ONE YEAR , 30 crore bank
accounts opened under Jan Dhan Yojana , will each get credited with Rs 1 lakh !
Rs 30 Crore*Lakh of BLACK MONEY , will suddenly
become WHITE and PRODUCTIVE !
Let us stop trudging along the " Path of the
Calf " !
-------------------------------------------------------------------------------------
hemen parekh
26 Sept 2015
B2BmessageBlaster
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