Dear
Amitabh ,
Yesterday
, when Shri Modi said in New York ,
"
World will not wait for us " ,
you
were present and must have deciphered the ACTION
PLAN behind that message !
Following
is my take on that subject
regards,
hemen
/ +91,98,67,55,08,08
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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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