Dear Bishal ,
Thanks for your responses
No offense at all ! Even for one person who ,
yesterday called me , " You Idiot " !
I am beyond brick-bats
I will certainly keep in mind , your suggestions but it is very
difficult to adjust to today's styles !
Warm Regards,
Hemen Parekh
(M)=91 – 98,67,55,08,08
From: bishal kumar
[mailto:bishal.bhu.nitk@gmail.com]
Sent: Monday, February 08, 2016 1:06 PM
To: Hemen Parekh
Subject: Re: DECREASE CORPORATE TAX / INCREASE EMPLOYMENT
Sent: Monday, February 08, 2016 1:06 PM
To: Hemen Parekh
Subject: Re: DECREASE CORPORATE TAX / INCREASE EMPLOYMENT
Respected Hemen Sir,
Just noticed your URL 'http://www.hemenparekh.in/',
and found your experience must be much higher than even my age.
My sincere apology, if found my email offensive, by
any chance.
Keep us guided with your post.
With thanks & best regards,
~
Regards,
Bishal Kumar
"Philanthropy
is the thing that I am really excited about...
...and
having success means I can do more."
On Mon, Feb 8, 2016 at 1:00 PM, bishal kumar <bishal.bhu.nitk@gmail.com>
wrote:
Hi Hemen,
Thanks for putting things together, but one small
suggestion, get it little
- structured - meaning the sequence of your content
- organized - meaning layout of content
- lean - keeping the un-necessary out of content.
Cheers !
~
Warm Regards,
Bishal Kumar
"Philanthropy
is the thing that I am really excited about...
...and
having success means I can do more."
On Mon, Feb 8, 2016 at 12:08 PM, Hemen Parekh <hcp@recruitguru.com>
wrote:
Dear
Business
Leaders
/ Economists / Editors
/ TV Anchors / MPs
/ Entrepreneurs :
I write this for no personal gain /
benefit , even remotely
But , if this annoys /
inconveniences you , I offer my apologies !
Just unsubscribe
and I will remove your email ID from my mail list
Each one of you have considerable
influence over the Government officers in charge of framing policies
As leading " Opinion Makers " , your contribution in
Transforming India , is invaluable
If you believe that my suggestion
detailed below , merits consideration , then I request you to support it in
whatever way you feel appropriate
One of which could be , forwarding
it to your employees / contacts !
With regards,
hemen
parekh
Do
look up :
Marol
, Mumbai , India
(
M ) +91 - 98,67,55,08,08
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
SOMETHING
IS BETTER THAN NOTHING
On 05 Feb 2016 ,
Economic Times carried a news report titled :
Employers
May Get Sops for Creating Extra Jobs
As per this report
, NDA govt is expected to announce following incentives for employers who
create new jobs :
* 30 % tax exemption for units that create an additional 2
% jobs
* Alternatively, the hirer could be given a 125 % rebate on
provident fund contributions
* Availability of easy, cheap credit through interest
subvention ( Subsidy ? )
Even as I await the
budget speech of Shri Jaitleyji on 29 Feb for full details , I wish to thank Shri Narendra Modiji for considering the CORE
of my following proposal sent to him on 06
Nov 2014 :
--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
To complete this ECO SYSTEM ,
we need to think " Out of the Box " in the matter of Corporate
Tax Regime , as well
Current trend in industry ,
all over the world , is to
> Add highly
productive , very expensive machinery to " Automate
" all
manufacturing processes
> Reduce manpower by increasing " Capital /
IT Intensity "
> Hire low skilled workers by transferring
higher " Skills " to machinery
> Outsource manufacturing to countries where
manpower is cheap
> Move out of "
Manufacturing " and shift to " Services "
India cannot swim against
this World-wide Trend
We must innovate, to
not only survive but to grow in this scenario
Here is my suggestion :
Set in motion , " INVERSION
of JOB REDUCTION " regime , under which ,
" The more jobs a company creates , the less Corporate
Tax it pays "
Example :
> Up to employment of 100
persons ............................... 30 %
> 101 - 500
persons.................................................... 25 %
> 501 - 1000 persons
................................................... 20 %
> 1001 - 5000
persons .................................................. 15 %
> 5001 - 10,000
persons ................................................. 10 %
> Above 10,000
persons ................................................. 5
%
Let us
celebrate those who provide employment to large number of persons
Let us celebrate BIGNESS
Let us create hundreds of
WORLD SIZE corporations and
take on the World
On top of this , provide
additional tax - breaks ( discounts ? ) to corporate as follows :
> Average Age of Employees
at 30 years....................... 1 %
> Ave age at 25
years................................................. 2 %
>
Ave age at 20 years ................................................. 3 %
Of course , very strict and transparent rules will need to be framed to
compute,
> Number of Employees ( Permanent - not probationers / trainees )
> Average Age ( as on 31 March of Tax year )......etc
But , here is an important aspect of this , " Incentivize Job Creation " Scheme :
Today's labour laws make it extremely difficult - if not impossible - for employers to layoff / retrench workmen , if demand shrinks
Hence , to take advantage of this Scheme , employers are unlikely to hire thousands of youth , if they cannot easily trim the workforce , to match the shrinking demand
So , an important corollary of this Scheme is to modify our existing Labour Laws to facilitate layoff / retrenchment , when situation so demands , while protecting the interests of the workmen concerned
Of course , very strict and transparent rules will need to be framed to
compute,
> Number of Employees ( Permanent - not probationers / trainees )
> Average Age ( as on 31 March of Tax year )......etc
But , here is an important aspect of this , " Incentivize Job Creation " Scheme :
Today's labour laws make it extremely difficult - if not impossible - for employers to layoff / retrench workmen , if demand shrinks
Hence , to take advantage of this Scheme , employers are unlikely to hire thousands of youth , if they cannot easily trim the workforce , to match the shrinking demand
So , an important corollary of this Scheme is to modify our existing Labour Laws to facilitate layoff / retrenchment , when situation so demands , while protecting the interests of the workmen concerned
And , last but not the least
, permit each and every candidate - and the political parties as well - to
spend ANY AMOUNT on election campaigns , without any restrictions as also
accept any amount of Corporate Donations
by
cheque
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------
www.hemenparekh.in / blogs
07 Feb 2016
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