FW: NEEDED : A BOLD , OUT OF THE BOX THINKING

From: Hemen Parekh [mailto:hcp@recruitguru.com]
Sent: Saturday, August 18, 2018 11:35 AM
To: Cabinet Ministers; assocham@nic.in; ficci@ficci.com; BJP National Executive; ravis@sansad.nic.in; nandan.nilekani@nic.in
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Subject: NEEDED : A BOLD , OUT OF THE BOX THINKING

Wealth  of  Nations

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Wealth is the abundance of valuable resources or valuable material possessions. This includes the core meaning as held in the originating old English word weal, which is from an Indo-European word stem.^[1] An individual, community, region or country that possesses an abundance of such possessions or resources to the benefit of the common good is known as wealthy.

The United Nations definition of inclusive wealth is a monetary measure which includes the sum of natural, human, and physical assets.^[5][6]

Natural capital includes land, forests, energy resources, and minerals.

Human capital is the population's education and skills. Physical (or "manufactured") capital includes such things as machinery, buildings, and infrastructure.

[ Source : https://en.wikipedia.org/wiki/Wealth  ]

Way back in 1776 , Adam Smith wrote a book , popularly known as “ Wealth of Nations “

I have not read it so I do not know what Smith included among a nation’s “ Wealth “

But way back in Feb 2016 , I wrote following blog :

Needed - some Simple Answers !   

There , I listed the following “ natural resources “ :

    *   Oil / Coal / Shale Gas etc  (  Fossil Fuels )

      *   Ores of Iron / Copper / Zinc / Aluminum etc

      *   Trees ( timber ) that grow in our jungles

      *   Any number of minor minerals / chemicals

And I asked whether the following too , should not be included as “ natural resources “ belonging to a nation – and therefore be subjected to the same treatment as others :

Air  /  Wind  blowing over our country

Sunlight  that falls on our vast land

Water  flowing in our country's rivers

Oceanic Tides , capable of generating power

Airwaves  (2G / 3G / 4G / 5G  Spectrum )

Sometime back , to the above list , I added “ Private / Personal Data “ of the citizens of our country , as an important item of “ National Wealth “ , which must be exploited for  “ empowering / enriching “ the citizen concerned

{  See : Privacy For Sale  [  26  Aug   2017  }     

I felt very elated when my own earlier / similar , thoughts got echoed by none other than Shri Nandan Nilekani  !

Yesterday , speaking at ET Start Up Awards function , he said :

Europe has focused on the downsides of data flows to ensure  a strict data protection regime

We should not just mimic the west , the European Model .

In India , we should design policy to also enable people to use their data to benefit themselves

Nilekani said we should look at an empowerment model. 

“ We will become data rich before becoming economically rich

So , how do we use our data to get better healthcare, better education , better credit ?

Look at our digital lending platforms , where the customer gives his payment data , business data and gets credit in return

[  https://timesofindia.indiatimes.com/business/india-business/india-should-focus-on-data-empowerment-says-nilekani/articleshow/65446883.cms   ] 

Thank You , Shri Nilekaniji,

I urge you examine my following suggestion and , if you feel that it provides for a “ distinctly Indian solution “ to empower / enrich the data-owners , then persuade the Central Ministers to adopt it ( - with changes deemed necessary by you )

A Matter of Motive   

18  Aug  2018

www.hemenparekh.in / blogs