GIVE AND TAKE
Dear
Shri Modiji :
It
was statesman like for you to reach out to Congress leaders last evening , in
order to reach an agreement on GST
All
negotiations have two , initially opposing , parties
No
agreement can be arrived at , on the " Terms " of only one of the
parties
A
customer sold against his will , ceases to be a customer !
Agreements
imposed through numerical strength of membership , are bound to get sabotaged
To
arrive at a " Lasting Solution " , there must be give and take
Here
is my suggestion :
NDA GIVE
:
*
Accept a cap of 18 % for GST in the Constitutional Amendment Bill
NDA TAKE :
*
A provision in Bill to enable the Government of the day , to raise the GST % in
subsequent years , through an enabling provision
This provision ( not mandatory ) , will allow the Government to raise the GST %
through the Annual Central Budget each year
( anyway , Union Budget has to be passed in Lok Sabha , each year )
*
The amount by which GST " may " get raised , to be calculated as
follows :
# Starting GST % = 18 %
# Assume that , in 2016-17 , CPI rises by 10 %
# Take 5 % of that 10 % rise in CPI
. That works out to 0.5 %
# So , in 2017-18 , GST may be raised by 0.5 % , to
become 18.5 %
# This is the UPPER LIMIT . Government may choose to
revise GST to any
figure less than 18.5 %
This is a
perfect FACE SAVING FORMULA
Carpe
Diem ! Cease this moment to strike a deal by today evening !
Good
Luck !
---------------------------------------------------------------------------------------------
hemen
parekh
28
Nov 2015
B2BmessageBlaster
From: Hemen Parekh
[mailto:hcp@recruitguru.com]
Sent: Wednesday, November 04, 2015 11:39 AM
To: 'nandan@nandannilekani.in'; 'sukumar.r@livemint.com'; 'dg@uidai.gov.in'; 'santanu.mukherjee@janalakshmi.com'; 'memberbanking&hrd@indiapost.gov.in'; 'nitin.gupta@payumoney.com'; 'rkathuria@icrier.res.in'; 'mssahoo@cci.gov.in'; 'bindu.ananth@ifmr.co.in'; 'vss@one97.net'; 'satyen.kothari@citruspay.com'; 'rsprasad@nic.in'; 'ajaitley@del5.vsnl.net.in'
Cc: 'pramod.saxena@myoxigen.com'; 'padmanabhan.a@livemint.com'; 'rajiv@axisbank.com'; 'sudhakar.shetty@vodafone.com'
Subject: CASH TO DIGITAL SUMMIT
Sent: Wednesday, November 04, 2015 11:39 AM
To: 'nandan@nandannilekani.in'; 'sukumar.r@livemint.com'; 'dg@uidai.gov.in'; 'santanu.mukherjee@janalakshmi.com'; 'memberbanking&hrd@indiapost.gov.in'; 'nitin.gupta@payumoney.com'; 'rkathuria@icrier.res.in'; 'mssahoo@cci.gov.in'; 'bindu.ananth@ifmr.co.in'; 'vss@one97.net'; 'satyen.kothari@citruspay.com'; 'rsprasad@nic.in'; 'ajaitley@del5.vsnl.net.in'
Cc: 'pramod.saxena@myoxigen.com'; 'padmanabhan.a@livemint.com'; 'rajiv@axisbank.com'; 'sudhakar.shetty@vodafone.com'
Subject: CASH TO DIGITAL SUMMIT
Dear
Sirs / Madams ,
I
would have loved to listen to your views at the conference on
CASH TO DIGITAL SUMMIT ,
being
organized by MINT on 06 Nov 2015
Being
unable to attend due to health issues , I request you to take up for discussion
, my following suggestion
I
would be happy to receive your views on its feasibility - or otherwise
with
regards,
hemen
parekh
Mumbai
/ (M) 0 - 98,67,55,08,08
www.hemenparekh.in>Blogs
-------------------------------------------------------------------------------------------------------------------------
NETWORK OF
CURRENCY NOTES ?
While
inaugurating the International Conference on " Networking
the Networks " on Nov 2 , our FM Shri Jaitleyji said :
"
Tax evasion and money laundering will become extremely difficult in the next
1-2 years, with the global automatic exchange of information system coming into
effect on a real time basis "
To
speed up this process and make it truly automatic / real time , I suggest
resorting to the following technologies :
# Internet of Things ( IoT )
As each currency note of Rs 500 / 1000 , is getting printed , embed it with
microscopic
RFID chips
Besides communicating with each other , these chips will also transmit their
existence
location , through internet , to cloud-based servers of Income Tax Department
This will form a " NETWORK OF
CURRENCY NOTES ( NoC ) "
You may like to call this Internet of Currency ( IoC )
, a sub-set of IoT !
# Internet Protocol Address System ( IP V 6.0 )
Each Rs 500 / 1000 currency note must be assigned ( at the time of printing ) ,
its own
unique Internet Address , using IP V
6.0
This IP address should be linked with the unique Serial Number printed on each
note.
Since IP V 6.0 , will be capable of assigning " 2 * 10 to the power of 128 ", no of IP
addresses , there is no danger of running out of addresses , even if we decide
to extend
this idea to Rs 100 currency notes !
This
reform will enable the Central Government / Income Tax Department , to :
*
Continuously trace the movement of each of these higher denomination currency
notes
*
Instantly locate any place ( using Google Map based GPS ) , where there is an
accumulation of more than Rs 1 Crore worth of
currency notes
Such accumulation will be made to appear as a TAG
CLOUD on the web site of IT Dept,
like thousands of balloons floating on a map of India , capable of being
drilled down to
within 1 Sq Meter !
On each balloon , will appear a number announcing , " Amount of Cash here - Rs " !
This will vastly simplify the task of Anti Corruption Dept / Enforcement Dept
etc
Of
course , my suggestions may become outdated with the arrival of mobile wallets
based CASHLESS SOCIETY , by 2030
In
the meantime , experts may want to opine whether my suggestions make sense ,
theoretically and practically ( if so , by when ? ) to tackle the menace of
black money generation
--------------------------------------------------------------------------------------------------
hemen
parekh
04
Nov 2015
