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 2 February 2019

DEAR PM : PLEASE , CHANGE THE RULES OF THE GAME


Today's News Papers are full of innumerable ANALYSIS and OPINIONS about the INTERIM BUDGET announced yesterday

Experts are differing by calling it Popular / Populist etc

But if you want to know what makes it ,

# Path-breaking for the Economy

# Back-breaking for the MahaGathBandhan ,

then you may want to spend just 5 minutes reading this preview of the forthcoming Film


====================================


Waiting  for  the  Full  Film



After Shri Goyal’s Budget speech yesterday , Shri Modi said :

“ This was only a trailer . Wait for the release of the full film after the general elections  “



Interpretation :

TRAILER
     Abolishing Personal Income Tax for persons earning up to Rs 5 lakh / year


FULL FILM
    Total abolition of Personal Income Tax .( In past 3 years, I have sent 20 emails for releasing this film )



Implications :

LOSS TO EXCHEQUER

    Rs 18,500 Cr for yesterday’s announcement ( from expected revenue of Rs 12 lakh*crore for next year , this is
    an insignificant 1.6 % drop )



#   GAIN TO ECONOMY THRU INCREASED CONSUMPTION

    Some 3 crore tax payers will have Rs 12,500 extra .  What will they do with this extra money ?

    I have explained this in my following emails to you  :
    What would they do ?  ………………………… [  03  May  2016  ]

    What would happen ?   ……………………….. [  29  Sept  2017  ]

 

#   REDUCTION  IN  TAX EVASION  ( More taxpayers turning honest )


   Shri Goyal said , this tax rebate will benefit some 3 crore tax payers , who are currently in this slab
   I have a feeling that , by end of next year , this number could well go up to 6 crore !


   Not difficult to see


   Apart from those 3 crore who are in this slab “ officially “ , I am sure there must be another 3 crore who get ,


   #   Rs 2.5 lakh income officially through cheque , and declare in their tax returns

   #   Rs 2.5 lakh income by CASH , which they do not report in their tax returns ( which they spend in CASH )


With yesterday’s announcement , they have NOW, no reason to hide their “ so far undisclosed “  cash income


Now , they will declare all of their income honestly in their tax returns


They will become honest !


They will accept all income through digital methods and also pay ( for goods and services ) by digital methods  !


Of course , Shri Goyal could not announce this expected doubling of tax payers in this slab because it would amount to admitting that the NDA government could not catch these ( 3 crore ? ) tax evaders in 5 years



#   MANIFESTOS  of  MAHAGATHBANDHAN  parties

     The only option which they are left with , is to incorporate in their Manifestos , the release of the  FULL FILM , if
     voted to power !

     Any lesser promise and they can forget to win even 100 seats in next election !




Dear Shri Goyalji,

Now I understand what you meant when you said in your speech :

Ek  Kadam  Uthataa  Hai , to  Sau  Rahe  Khul  Jaati  Hain 

=======================================================================
02  Feb  2019



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