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, 27 February 2016

PUTTING THE CART BEFORE THE HORSE


Putting  Cart   before  the  Horse  ?


An article in Hindustan Times ( 24 Feb 2016 ) reports :


" ...the government has now asked Industrial Corridors to award infrastructure and manufacturing projects only after the bidding companies show they have acquired the land needed "


I presume that , at this stage , based on the bid amount ( and other qualifying criteria ) , one bidder has been selected from among those who submitted bids , for a specific project to be located on a given piece of land , close to the Industrial Corridor


But the order ( award ) will not be placed till such time he produces " proof " of having acquired the land , which could , well belong to a dozen farmers !


Obviously , no industrialist will buy a specific piece of land in advance , from a dozen farmers , not knowing whether his bid will succeed or not !


But now that he has won the bid , he must approach those 12 farmers for the purchase of the land and enter into serious negotiations


Since the farmers " know " that an industrialist will approach them , ONLY if he has won the bid , they are in a much better bargaining position !


They can bargain collectively and quote a very high price - may be a price far in excess of what the winning industrialist had budgeted for , in his bid !


The negotiations can take weeks or months to conclude an agreement or may even fail , forcing the industrialist to back out of his commitment


That may require selecting the next ( highest ? ) bidder and repeat the process all over !
The whole idea of awarding only AFTER acquisition of required land was to speed up the project implementation


But in this idea, I see a danger of endless going in circles !


WHAT  IS  THE  SOLUTION  ?


 Consider following excerpt from my email to Shri Nitin Gadkariji , on 23 March  2015  :


[  I think there is a simple solution to the concerns expressed by the farmers . Please consider the following :


*     Each project will be tied to a specific SPV , created for that purpose only

*    In the first instance , affected farmers will create a " Cooperative Society " 

*   Co-operative Society will issue shares to each land-donor farmer , in proportion to the QUANTITY / VALUE of the land donated by him

      
*   In turn , Co-operative Society will receive shares in the SPV , equal to the value of the land + a cash compensation equal to 4 times the value of the land


      
*  Farmer's shares of Cooperative Society cannot be sold in open market before 5 years but can be gifted to wife / Children

     
*  Shares of Cooperative Society in the SPV itself cannot be sold for next 10 years

*  The " Cash-Value Compensation " received by the Co-operative Society ( ie 4 times the land value ),  will be deployed as follows :

     
   *  To be immediately paid in cash to the farmers............ 2 times

   *  To be deposited in the Jan-Dhan Account of each farmer as FIXED DEPOSIT ( with 10 @ interest )....2 times  ]



Since each State is in serious - and healthy - competition with other States to attract investments , those which offer an equitable and just solution to the farmers as well as to the industrialists , will succeed

And there will be no need to pass any Land Acquisition Bill in Rajya Sabha  !

--------------------------------------------------------------------------------------------------------------------------------


27  Feb  2016







hemen  parekh


Marol , Mumbai , India


( M ) +91 - 98,67,55,08,08



Friday, 26 February 2016

DIGITAL PAYMENTS




A report in Business Line ( 25 Feb 2016 ) , reads :

"  Centre wants Indians to abandon cash and make digital payments "

The report lists following measures announced by NDA govt on 24 Feb :

*  Withdrawal of surcharge / service charge / convenience fee on card / digital
 
    payments , currently imposed by govt departments

*  Payments beyond a prescribed threshold only in card / digital mode

*  Rationalize telecom service charges for digital financial transactions

*  Promote mobile banking

*  Create assurance mechanisms for quick resolution of fraudulent transactions

*  Review payment ecosystem in the country


To make it easy for people to make digital payments , Government has already installed :

*  Electronic Clearing Service Scheme

*  National Electronic Funds Transfer

*  Real Time Gross Settlement Scheme

*  Direct transfer of Subsidies to bank accounts of beneficiaries

*  Providing RuPay debit cards

*  Allowing setting up of Payment Banks

Surely , all of these steps will make it EASY for people to GRADUALLY switch over to making digital payments


But , if the HIDDEN AGENDA of the Government behind all of these initiatives , is to reduce / eliminate the scourge of
BLACK MONEY ( always and entirely CASH ) , then the only initiative which will COMPEL people to  " TRASH the CASH " and move over to digital payments in a HURRY, is my oft-repeated suggestion as follows :
*  Discontinue paper-based currency notes of Rs 500 and Rs 1,000


*  Introduce plastic currency notes of Rs 500 / 1,000 which are embedded with RFID sensors ( far thinner than a human hair  ! ) , always broadcasting their presence to Internet of Things ( IoT )


*  Assign to each such note, a IP V 6.0 address , linked to its unique note number


*  Set up a IT-enabled Technology Platform which will constantly monitor any accumulation of Rs 500 / 1000
    RFID embedded notes in excess of Rs ONE CRORE within an area of ONE square meter


If there is a political will , technology can bring this revolution in 6 months  !


Can we expect Shri Jaitley-ji to conclude his Budget speech on 29 Feb , with this announcement ?

The applause that follows will be heard around the World  !

---------------------------------------------------------------------------------

www.hemenparekh.in / blogs

26  Feb  2016 




hemen  parekh


Marol , Mumbai , India


( M ) +91 - 98,67,55,08,08




TRASH the CASH ?




A report in Business Line ( 25 Feb 2016 ) , reads :

"  Centre wants Indians to abandon cash and make digital payments "

The report lists following measures announced by NDA govt on 24 Feb :

*  Withdrawal of surcharge / service charge / convenience fee on card / digital
 
    payments , currently imposed by govt departments

*  Payments beyond a prescribed threshold only in card / digital mode

*  Rationalize telecom service charges for digital financial transactions

*  Promote mobile banking

*  Create assurance mechanisms for quick resolution of fraudulent transactions

*  Review payment ecosystem in the country


To make it easy for people to make digital payments , Government has already installed :

*  Electronic Clearing Service Scheme

*  National Electronic Funds Transfer

*  Real Time Gross Settlement Scheme

*  Direct transfer of Subsidies to bank accounts of benefeciaries

*  Providing RuPay debit cards

*  Allowing setting up of Payment Banks

Surely , all of these steps will make it EASY for people to GRADUALLY switch over to making digital payments


But , if the HIDDEN AGENDA of the Government behind all of these initiatives , is to reduce / eliminate the scourge of BLACK MONEY ( always and entirely CASH ) , then the only initiative which will COMPEL people to  " TRASH the CASH " and move over to digital payments in a HURRY, is my oft-repeated suggestion as follows :
*  Discontinue paper-based currency notes of Rs 500 and Rs 1,000


*  Introduce plastic currency notes of Rs 500 / 1,000 which are embedded with RFID sensors ( far thinner than a human hair  ! ) , always broadcasting their presence to Internet of Things ( IoT )


*  Assign to each such note, a IP V 6.0 address , linked to its unique note number


*  Set up a IT-enabled Technology Platform which will constantly monitor any accumulation of Rs 500 / 1000
    RFID embedded notes in excess of Rs ONE CRORE within an area of ONE square meter


If there is a political will , technology can bring this revolution in 6 months  !


Can we expect Shri Jaitley-ji to conclude his Budget speech on 29 Feb , with this announcement ?

The applause that follows will be heard around the World  !

---------------------------------------------------------------------------------


26  Feb  2016 




hemen  parekh


Marol , Mumbai , India


( M ) +91 - 98,67,55,08,08


FW: Royston Walder - Resume


Pl ack

Warm Regards,

Hemen Parekh
(M)=91 – 98,67,55,08,08

From: Royston Walder [mailto:royston.walder@gmail.com]
Sent: Friday, February 26, 2016 2:15 PM
To: hcp@recruitguru.com
Cc: sandrahugh7@gmail.com
Subject: Royston Walder - Resume

Dear Sir,

Further to your recent chat with Mr. Hugh Francis, please find attached a copy of my resume for your perusal. 

I am looking for opportunities within the Branding and Marketing spectrum.

I hold a degree in Bachelor of Management Studies and L.L.B and close to a year's professional experience in marketing. 


Best Regards,
Royston Walder.
Mobile: +919022154455.

Image removed by sender.

FW: Powerline Adaptor


May be this can work at Indrayani if it will have ONE meter for two floors

You may consider bringing a pair from Italy , if it can work on220 V

Warm Regards,

Hemen Parekh
(M)=91 – 98,67,55,08,08

From: Sachin Olkar [mailto:systemadmin@3pconsultants.co.in]
Sent: Friday, February 26, 2016 2:37 PM
To: Hemen Parekh; Mekhola Ganguly
Cc: vishesh@incomegroup.in; Nirmit Parekh
Subject: RE: Powerline Adaptor

Dear Sir,

I called just now TP-LINK helpdesk. As per them this power adapter works only if single electric meter, on different electric meter it doesn’t work. As per them this device is not yet available in India.
Warm Regards,

Sachin Olkar

From: Hemen Parekh [mailto:hcp@recruitguru.com]
Sent: 25 February 2016 PM 05:13
To: Sachin Olkar <systemadmin@3pconsultants.co.in>; Mekhola Ganguly <mekhola@3pconsultants.co.in>
Cc: vishesh@incomegroup.in; nirmit@3pconsultants.co.in
Subject: Powerline Adaptor

Sachin ,

Pl read these






hemen  parekh


Marol , Mumbai , India


( M ) +91 - 98,67,55,08,08


Thursday, 25 February 2016

Extending Wi Fi Range


I have asked Sachin to investigate this for extending my Wi-Fi to Nirmit's flat ( with a range of 300 Meters , it should reach , even Vishesh's bungalow ! )

As of this afternoon , I am getting :

Upload Speed = 10 Mbps

Download Speed  =  47 Mbps





hemen  parekh


Marol , Mumbai , India


( M ) +91 - 98,67,55,08,08


Wednesday, 24 February 2016

EXPORTING MANPOWER ?


Exporting    Manpower  ?

Our exports have been falling, month after month , for the past 18 months in a row

But this is not unique to India

With rapidly shrinking World Trade , exports of nearly all countries around the world are falling

Barring a few exceptions , economies of all the countries are declining

So , it came as a surprise to read a news report ( BL / 20 Feb ) , that , despite the fact that Malaysia has 2.1 million registered foreign workers and 1.7 million illegal foreign workers , it signed a deal with Bangladesh to hire another 1.5 million Bangladeshi workers , over the next 3 years  !

As expected, local trade unions have criticized this deal

Now let us not start putting together a strategy for Manpower Export , despite the fact that of all the countries in the World , India has the largest number of its citizens working abroad ( legal + illegal )

I believe , close to 22 million persons of Indian origin , with some 7 million in Gulf Countries

But trade unions and political parties everywhere are vehemently opposed to migrant workers who take away jobs from local residents

Even EU , which accepted some 1 million refugees from war-torn Syria / Iraq / Afghanistan , in 2015 , have started repatriating what it terms as " Economic Migrants "  seeking " better life " in EU , as distinct from political refugees

But that is not stopping 3000 such " refugees "(political or economic), from forcing their way into EU , every day  !

Within India , we have seen in the past ( and continue to witness , currently ) , economically backward people ( euphemism for " poor " ) , migrating to cities in other relatively affluent States , in search of livelihood , occasionally . causing resentment among local citizens


So far , such inter-state migrations have not caused any serious problem because of our Unifying forces of religion / language / culture / heritage / traditions and our Constitution


But with annual addition of some 12 million persons (including some 3.5 million graduates ), to our legions of jobseekers , things could get ugly - especially since neither the Public nor the Private sector , can create this many jobs every year !


We need to find ways in which these millions can become " Self Employed "


I hope that each and every announcement that Shri Jaitley makes in his budget speech on 29 Feb , would lead to creation of " Self Employment " in the economically backward States of India

With most of our States being the size of many EU countries , we may not be in a position to Export Manpower , even across our State boundaries , forget across the  International borders  !

For Indian Federal structure to hold together , we must work on the double to reduce inequality between States !

------------------------------------------------------------------------------------------------




24  Feb  2016





hemen  parekh


Marol , Mumbai , India


( M ) +91 - 98,67,55,08,08

From: Hemen Parekh [mailto:hcp@recruitguru.com]
Sent: Tuesday, February 23, 2016 4:32 PM
To: Editors; Loksabha1; Loksabha2; MLA ANDHRA PRADESH; MLA ARUNACHAL PRADESH; MLA CHHATTISGARH; MLA DELHI; MLA GUJARAT; MLA MAHARASHTRA; Rajyasabha; TV Anchors
Subject: LESSONS FROM WEST

International    Exchange   Program


We have all heard about these programs under which , ( for example ) students from India would go to USA , spend a few weeks with American families and even attend local universities


In turn , American students would spend similar period in India ( may be , with the parents of those Indian students who went to USA  ) and attend Indian Colleges


In the process , both groups learn the customs / traditions / life-styles of their host Societies


I suppose , they also learn quite a lot about the Education Systems of host countries

Which would include , academic pursuit and teaching methods


But , above all , they would learn how the students behave in the class rooms and how the teachers maintain discipline


I believe , it must be a " Shocking " experience for those Indian students to find that professors in USA wield unimaginable  power , unfettered by the Dean or Chancellor of those colleges

Eg :

*   A professor's is the final word in the evaluation of any student ( no court of higher appeal )

*   Quite a lot of that evaluation is based on the number and the quality of questions asked by the students

*   " Shot-gun "  exams are a teacher's way of judging the progress of the students

*   If any student absents from class room without a satisfactory reason ( ie satisfactory to the subject teacher ),
     the teacher can simply tell him to stop attending the classes ! Heavy rains or snow storm does not count ! And
     the Dean cannot question the professor's decision


*   Teachers don't prescribe any text books , but they may suggest a dozen books to refer to

*   Many teachers just " refuse to teach " ! They insist that the students come to class , having " self taught " the
    subject and the class room is only for the purpose of "solving difficulties" faced by students while self-teaching !


*   Emphasis is not on a student remembering the exact mathematical equation but on knowing which equation to
     use  !

     Hence , most professors will allow a student to look up any book during an exam  !


*   Even arriving at the exact / precise " answer " is not considered important . It is your " approach " to solving a
     problem that counts more . Were you able to suggest a non-traditional and distinctly innovative " approach " ?



MORAL   OF  THE  STORY  :



How about Shri Narendra Modiji ( himself , a champion of " Out of Box " thinking ) , signing an " Exchange Agreement "  with President Obama , under which , a batch of 40 Indian Legislators ( to begin with , opposition members of Rajya Sabha ) , are deputed to USA for 6 months ( or till GST Bill gets passed ? ) to attend the sessions of US Congress / Senate , to learn / imbibe their ways of conducting official business ?


Of course , our deputed legislators must be paid a " Copycat-ing Allowance " of $ 100 per day while in USA  !


After all , cafeteria in American Congress building does not provide "dosas" @ Rs 2 per piece !


While readily agreeing to the Indian request , it is quite possible that President Obama may politely decline to send the American Legislators to attend our Lok Sabha / Rajya Sabha's budget session  ! Entirely understandable  !

Dear Shri Venkaiah-ji :

 You may get much more cooperation from all parties after 6 months  !


--------------------------------------------------------------------------------------------------------------------------------


23  Feb  2016





hemen  parekh


Marol , Mumbai , India


( M ) +91 - 98,67,55,08,08


FW: DESTINY CANNOT BE DENIED !


Dear Dinesh :

Just got this mail ID from Shriya

Resending my earlier mail

I hope , it reaches you this time

Warm Regards,

Hemen Parekh

(M)=91 – 98,67,55,08,08

From: Hemen Parekh [mailto:hcp@recruitguru.com]
Sent: Tuesday, February 16, 2016 4:42 PM
To: 'dinesh.goel@aasaanjobs.com'
Cc: 'sales@aasaanjobs.com'; 'media@aasaanjobs.com'
Subject: DESTINY CANNOT BE DENIED !

Dear Dinesh ,


In yesterday's Eco Times , I came across a news report ( Rs 35 crore from Investors ? ) about aasaanjobs , which quotes you :

"  We're looking to build our technology platform further ...... "

Report says , aasaanjobs , competes with Babajobs / Naukri etc

Instead of merely competing , how would you like to make them " Obsolete "  ?


I can help you do just that , having


>   launched 3pJobs.com on 14 Nov 1997 ( 11 months before Google got launched officially - but 6 months after Naukri )

>  also launched ( and now de-hosted ) , RecruitGuru.com / World-Wide-Jobs.com / GlobalRecruiter.net / IndiaRecruiter.net

>  currently struggling to maintain www.CustomizeResume.com / www.B2BmessageBlaster.com

If this offer ( without any obligation ) interests you , then spare a few minutes to read the attachment , containing my emails to Mr Sreedhar - MD , TMI Corp ( Hyderabad ) , who was similarly interested and spent 2 full days in my office ( along with two of his managers ) , some 3 years ago

Also look up following in the " Report " section of my site....www.hemenparekh.in  :




You may also want to download and try out my tool :


If you need any clarifications , feel free to phone ( M ) 0 - 98,67,55,08,08

Or just shout ! ( I live on Military Road , Marol )







hemen  parekh


Marol , Mumbai , India


( M ) +91 - 98,67,55,08,08



Tuesday, 23 February 2016

Congratulations


Dear Susieben :


My wife Bharati and myself had an opportunity to talk to your Geeta Bhojak , when she visited our society this morning and talked about your enterprise

A few minutes back , I also glanced through your web site

We are proud of what you have started .  Congratulations  !

You may like my suggestion , in the following blog

You may also want to consider online messaging service of my web site


for sending out your Marketing Message to 40,000 + Companies located in Mumbai

( Blast - Citywise ) . Just takes ONE mouse click  !

Detailed procedure is explained at page..........Dear Pallavi

Marketing Messages blasted by other NGOs can be seen at... World  Wide  Wall

If there are any questions , feel free to phone ( 0 - 98,67,55,08,08 )

hemen  parekh


Marol , Mumbai , India


( M ) +91 - 98,67,55,08,08
----------------------------------------------------------------------------------------------------

Making   Yourself   Obsolete  ?


As I observed in my earlier blog ( 05 Feb 2016 ), Theodore Levitt wrote in his seminal essay," Marketing Myopia " :

If you don't obsolete yourself , someone else will . So keep asking yourself : What business are we in ?

Levitt gives example of American Railroads , which failed to ask themselves this question and got obsolete by American Car manufacturers and American Airlines . No more people wanted to travel by trains !

Whereas it may take 10/20 years before Car Manufacturers themselves get obsolete ( by manufacturers of Virtual Reality / Augmented Reality / Holographic / Hepatic devices and web-services - making travelling unnecessary ) , according to me , taxi-rickshaw Meter Manufacturers are in the danger of getting obsolete , within the next TWO YEARS  !


Expect some Indian Start-Up to come up with a digital taxi meter ( to be called , DigiMet  ? ), resembling a 8" tablet , with a screen on both the sides , visible to both , the driver and the passenger

DigiMet will be integrated with :

*  GPS based Google Map

*  Mobile App ( called , FareCalc ? ) downloaded from the web site of the Authority fixing " Tariff " ( RTO ? )

Passengers will also need to download / install , FareCalc app on their smart phones

As requested by the passenger , taxi driver will enter the destination location , in DigiMet

Immediately , DigiMet will display the following routes to the desired destination :

Shortest route ( distance-wise )
 
Fastest route ( time wise ) , taking into account the traffic conditions on different routes


DigiMet will also display , the amount of " fares " payable for each route ( also displaying tariff : Rs per Km )


Now it is the passenger's turn to select / choose the route that he wants the driver to take


The taxi / rickshaw will start only thereafter !

At the end of the journey , passenger will have the options to pay the fare ,

*  In cash

*  By entering his Credit Card details into the DigiMet , or

*  Through his Mobile Wallet ( using NFC  ? )

The Mobile App will also need to have a provision for any " Waiting Time " charges to be added


When the destination is reached , DigiMet will display :

*  Distance travelled

*  Time taken

*  Waiting Time ( if any )

*  RTO approved tariff ( Rs per Km )

*  Fare amount payable

Any revision in the tariff will get updated automatically in DigiMet as also on the smart phone of passenger

For taxis / rickshaws running on Hybrid fuel ( producing less Co2 ) or Electric Vehicles ( zero emission ) , both , the driver and the passenger will get " Carbon Credits " , which will also get displayed on the DigiMet as also on the FareCalc Mobile App on the smart phone of the passenger ( @ 20 % of the fare payable ? )


These amounts will get transferred to their respective Jan Dhan Bank Accounts ( thru DTB ) , every quarter

I suppose some variation of DigiMet / FareCalc can be introduced in all State Transport buses and intra-city Municipal buses

I hope , the current manufacturers of taxi - rickshaw meters are asking themselves :

What business are we in ?

------------------------------------------------------------------------------------------------------------


15  Feb  2016







HOW TO TRANSACT BUSINESS IN PARLIAMENT


International    Exchange   Program


We have all heard about these programs under which , ( for example ) students from India would go to USA , spend a few weeks with American families and even attend local universities


In turn , American students would spend similar period in India ( may be , with the parents of those Indian students who went to USA  ) and attend Indian Colleges


In the process , both groups learn the customs / traditions / life-styles of their host Societies


I suppose , they also learn quite a lot about the Education Systems of host countries


Which would include , academic pursuit and teaching methods


But , above all , they would learn how the students behave in the class rooms and how the teachers maintain discipline


I believe , it must be a " Shocking " experience for those Indian students to find that professors in USA wield unimaginable  power , unfettered by the Dean or Chancellor of those colleges

Eg :

*   A professor's is the final word in the evaluation of any student ( no court of higher appeal )

*   Quite a lot of that evaluation is based on the number and the quality of questions asked by the students

*   " Shot-gun "  exams are a teacher's way of judging the progress of the students

*   If any student absents from class room without a satisfactory reason ( ie satisfactory to the subject teacher ),
     the teacher can simply tell him to stop attending the classes ! Heavy rains or snow storm does not count !


And the Dean cannot question the professor's decision


*   Teachers don't prescribe any text books , but they may suggest a dozen books to refer to

*   Many teachers just " refuse to teach " ! They insist that the students come to class , having " self taught " the
    subject and the class room is only for the purpose of "solving difficulties" faced by students while self-teaching !


*   Emphasis is not on a student remembering the exact mathematical equation but on knowing which equation to
     use  !

     Hence , most professors will allow a student to look up any book during an exam  !


*   Even arriving at the exact / precise " answer " is not considered important . It is your " approach " to solving a
     problem that counts more .

Were you able to suggest a non-traditional and distinctly innovative " approach " ?



MORAL   OF  THE  STORY  :



How about Shri Narendra Modiji ( himself , a champion of " Out of Box " thinking ) , signing an " Exchange Agreement "  with President Obama , under which , a batch of 40 Indian Legislators ( to begin with , opposition members of Rajya Sabha ) , are deputed to USA for 6 months ( or till GST Bill gets passed ? ) to attend the sessions of US Congress / Senate , to learn / imbibe their ways of conducting official business ?


Of course , our deputed legislators must be paid a " Copycat-ing Allowance " of $ 100 per day while in USA  !

After all , cafeteria in American Congress building does not provide "dosas" @ Rs 2 per piece !


While readily agreeing to the Indian request , it is quite possible that President Obama may politely decline to send the American Legislators to attend our Lok Sabha / Rajya Sabha's budget session  ! Entirely understandable  !


Dear Shri Venkaiah-ji :


 You may get much more cooperation from all parties after 6 months  !


------------------------------------------------------------------------------------------------------------


23  Feb  2016





Warm Regards,

Hemen Parekh

(M)=91 – 98,67,55,08,08


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  !

------------------------------------------------------------------------------------------------------------


20  Feb  2016
    
 
   



Warm Regards,

Hemen Parekh

(M)=91 – 98,67,55,08,08