Warm Regards,
Hemen Parekh
(M)=91 – 98,67,55,08,08
From: Aman Garg [mailto:aman@inventlo.co]
Sent: Saturday, February 20, 2016 12:26 PM
To: Hemen Parekh
Subject: Re: BUDGET IDEAS , ANYONE ?
Sent: Saturday, February 20, 2016 12:26 PM
To: Hemen Parekh
Subject: Re: BUDGET IDEAS , ANYONE ?
I request you to please remove me from your mailing list.
I admire your endeavors but I would prefer not to receive such emails in future.
your unsubscribe link does not work,despite repeated attempts.
regards,
aman
On February 20, 2016 at 12:21
PM Hemen Parekh <hcp@recruitguru.com>
wrote:
A Laughing
Matter ?
Last evening, TV channels showed the traditional "
Halwa Ceremony " in the Finance
Ministry building
With this , the process of preparing / printing of the Union Budget starts
The people involved will stay " imprisoned /
incommunicado " till FM completes his budget speech on 29th Feb , to
ensure that the budget provisions do not leak out
That does not stop the experts ( - and some non-experts
like me ) , to make predictions such as
:
* Revising
limits for personal Income Tax slabs
* Reducing
rates for TDS
* Rationalizing
procedures ( assessment scrutiny / tax refunds / tax litigations etc )
* Launching
new Schemes / Funds for savings and investments
* Increase /
decrease of Excise rates on products ( watch out smokers and drinkers !
)
* Increase /
decrease of Import Duties on products to protect local industries / stop
dumping from China
* Recapitalization
of Banks ( to write-off Rs 7 lakh*crore of NPA with tax payers money )
* Write-off
DISCOM debts of Rs 4 lakh*crores by passing the buck to State Governments ( tax
payer burden ? )
* Write off
loans to farmers - what with elections looming in 5 States ( but I support
this )
News papers report that the Government have received budget
suggestions from some 7,000 persons and that , this time around , Prime
Minister himself is closely involved in the budget making exercise
Now , with all this obsession / seriousness / paranoia
, surely this secrecy surrounding the budget document , cannot be a laughing matter !
Unless you ask ,
* some foreign software geeks ( eg: Sundar Pichai /
Satya Nadela / Vivek Ranadive / Ray Kurzweil etc )
* some Indian BIG
DATA ANALYTICS geeks ( Mukund / Krishnan / Sanjay / Srikant / Raj /
Anurag etc )
Because , if you do , they will laugh and tell you :
" Just give us
the actual budget documents of the past 60 years ( including the accompanying
budget speeches ) and we will process these documents using Big Data Analytics software and predict what
will be the provisions in the forthcoming budget ( with a probability of 99.7 %
- ie ; plus or minus six standard deviation )
And then , we will process those past
budget speeches with a PARAPHRASING software
( ala Kurzweilai.net ) and give you an advance
print-out of Shri Arun Jaitleyji's speech on 29th Feb "
But of course , Shri Jaitleyji could cheat the PREDICTIVE ANALYTICS , by announcing following
unpredictable :
* Total
Abolition of Personal Income Tax ( or at least , reducing incremental tax rates
in each higher slab )
* Decreasing
Incremental Corporate Tax Rates , linked with each higher slab of "
Permanent Employee Number "
* Perpetual
Amnesty Scheme for all CASH deposits made in Jan Dhan Accounts , if invested in
tax-free Infra SPVs
* Transfer of
1.8% of GST (from 18%) into buyers' PPF a/c , to ensure all citizens get PPF
a/c for tax-free savings
This amount to
be used for paying premium for COMPREHENSIVE HEALTH INSURANCE to cover all
illnesses
* Introduction of
plastic Currency Notes of Rs 500/1000, embedded with micro RFID sensors ( stop
Black Money )
Surest way to ensure
that almost all payments are made thru official channels !
* Introduction of
BTT ( Bank Transaction Tax ) @ 2% to yield Rs 15 lakh*crore of revenue (
against revenue loss
of Rs 2.5
lakh*crores caused by abolishing Personal Income Tax )
Now such announcements , besides being " Unpredictable " , would meet Shri
Narendra Modiji's following announcement at Make in India week on 13th
Feb :
" There is
no time for incremental changes . We want a quantum jump
"
Any
other budget provision / announcement , would be a laughing matter !
------------------------------------------------------------------------------------------------------------
hemen
parekh
Marol
, Mumbai , India
( M
) +91 - 98,67,55,08,08
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