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, 23 January 2016

HAVE A DEGREE : WILL SWEEP


HAVE  A  DEGREE :  WILL  SWEEP

Some 19,000 graduates / post graduates who have applied for the job of sweepers in Amroha Nagar Palika , seem to be saying just that  !
But only 114 of these BA / B Sc / MA / MBA / M Tech  grads will get those jobs !
Rest will join the rank of 3.5 million graduates who join our work force each year - to remain jobless
Now , I am not saying that the job of sweeping streets is " below the dignity " of anyone
Why , even our Netas do it , if there is a TV camera around  !

But take a look at the following news ( DNA / 11 Sept 2015 ) :


Against 368 vacancies of " Peons " advertized by UP Govt , applications received were as follows :


*  Total Number of applicants.............. 20 lakh

    {  5,435 applicants for each post  ! }

*  No of PhDs....................................  201

*  No of Master Degree holders............ 20,056

*  No of Bachelor Degree holders.......... 1,23,000

*  No of 12th Standard pass................. 6,00,000

*  No of 10th Standard pass................. 8,20,000

   { Minimum prescribed Edu Qualification = 10th Standard }


This scenario repeats , month after month , year after year  !


The only hope for these millions of Graduates / Post Graduates,  is to apply for admission to some 15,000 Industrial Training Institutes ( ITIs ) for getting " trained " as Electricians / Plumbers  / Carpenters / Masons etc ,in order to acquire " skills " which will enable them to get " Self Employed "

But the problem is :

*   None of these " re-skilled " jobless will qualify as a " START UP ", under Start Up Action
     Plan announced on 16 Jan 2016
     
*   To start  " Self Employment " , no bank will give them a loan  of Rs 1 Million, with ZERO
     interest for first 10 years , and without requiring any securities

For turning 10 million jobless into 10 million " Self Employed "(@ loan of Rs 10 lakh each ) , would require  EACH  YEAR ,  disbursement of :
Rs  10 LAKH*CRORES  !

Government just does not have that kind of money
But  BLACK MONEY  hoarders have  !
All we need to do is to " INCENTIVIZE " them to help start a " NEW ECONOMIC ORDER " , where Self Employment is not merely encouraged but it is CELEBRATED  !
It does not require passing of any bill in Rajya Sabha to declare :
*  No questions asked , as to the source , for any CASH deposited in Jan Dhan Bank A/C ,
   provided that account holder , first registers on Income Tax Department web site as a "
   Self Employed " person
*  All payments made out from such " Self Employed " accounts , must be by Cheques /
   Credit - Debit Cards / RuPay Cards / Mobile Wallets / Electronic Transfers etc
*  Levy of a 2% Bank Transaction Tax ( BTT ) on all such payments
*  Total abolition of Personal Income Tax for these " Self Employed "
*  Self Employed barred from any loans from banking system
*  Self Employed not eligible for any incentive / subsidy from Center / States

If it does not sound politically correct to call this initiative an " AMNESTY  SCHEME ",
then call it , " SELF  CAPITAL  SCHEME " / " ECONOMY KICK-START SCHEME "

When ,
*  The entire World is set to lose 11 million jobs in next 5 years
*  World Economy is in a downward spiral
*  International Trade is shrinking
*  Jobless / Economic migrants are marching onto Europe / Australia
*  Resentment / Intolerance are mere manifestation of jobless poverty ,

This is the  ONLY WAY , India can make 21st Century , an Indian Century  !
I hope Shri Narendra Modiji - and his colleagues in Cabinet - has the political will to introduce this in the forthcoming budget on 29 Feb 2016  !
-------------------------------------------------------------------------------------------------------
hemen  parekh
23  Jan  2016

    



hemen  parekh


Marol , Mumbai , India


( M ) +91 - 98,67,55,08,08


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