16th Lok Sabha Election, 2014, A brain storming meeting on the approach on Health issues in the Manifesto of different political Parties concerning with the different venerable segment of our society is being organize on 12th April 2014 at Gandhi Samark Nidhi Bhawan, Sector-16A, Chandigarh on 10AM to 4PM.
In the Parliamentary Elections, generally it is presumed that the State issues do not have much importance and space. But the fact is that the Parliament of India after getting constituted with the representatives across the country and is responsible for taking Policy Decisions and for the enactments after a thorough debate and discussion both by the Ruling Party MPs as well as the ones belonging to the opposition. Thus the task assigned is that of formulating the polices. On all the issues the ruling party and the opposite parties both are required to have through debates so that the polices formulated and the Laws enacted are in the interest of general masses. It is possible only if the contesting parties after making a clear opinion on the various public issues adopt a constructive approach and make people aware about that approach, so that subsequently their representative can contribute by way of their wisdom in the Parliament.
In the above sited context, on Date 12th April 2014 at 10:00 AM at Gandhi Samark Nidhi Bhawan, Sector-16A, Chandigarh, with the support of people groups “A brain Storming Meeting” is being organized to discuss the issues i.e. Environment, Water, Gender, Reservation, Senior Citizen, Children, Homeless, Drug-diction, Agriculture Crises, GMO Crops , health impact and food security, Farmer Suicide, Health of Street Venders, Declining Sex Ratio, Unemployment, Education, Health of the workers of un-organized sector etc.
With the objective to understand the views and approach of various Political Parties towards the said issues the above said discourse are an attempt to evolve an understanding on the said issues after having the deliberations of the experts, of the participants and of the representative of political parties, you all are invited cordially.
Don’t Ask ” How ” ?
At the bottom of the 42 page Election Manifesto of BJP , released yesterday , I tried to search , if in very small print somewhere , there was a footnote which read ,
” Please , don’t ask how we plan to implement these promises ;
From where we plan to find all the money to execute these projects ”
Here are my back-of-the-envelope estimates of what some of the MAJOR projects might cost :
————————————————————————————
PROJECT ……………………………… Approx Cost ( Rs Lakh * Crores )
————————————————————————————-
> 100 Mega Cities…………………… 90
> Interlinking of Rivers……………… 60
> Sagar Mala of Ports……………….. 30
> Highways ( 25,000 Km )………….. 50
> Housing ( 100 mill units )………… 100
> Rivers Cleaning…………………….. 10
> Other Infra Projects……………….. 100
* Freight Corridors
* Gas Grids
* OFC Network
* Quadrilateral Bullet Trains
————————————————————————————
Total ……………………………………Rs 430 Lakh Crores
————————————————————————————
Admittedly , not all of these money will be required in the very first budget that NaMo government ( – of course , only if voted to power ! ) , would present by end June 2014
But a problem does not go away by postponement !
There is only ONE viable solution to the FUNDING problem , viz:,
> Union Government must NOT even try to fund these projects !
There is NO WAY , it can find these kind of money thro taxation !
There will be a revolt !
ANSWER
> Make it possible for the PUBLIC to invest into these projects by ” owning ”
these projects – and earn a reasonable ” tax-free ” return on investments
( Bonds ? ) in these projects
> Towards this end , create various INFRASTRUCTURE SPVs
> Immediately modify PERSONAL INCOME TAX regime as follows :
> Up to Rs 5 lakhs………………… NIL
> 5.1 – 10 lakhs………………….. 8 %
> 10.1 – 20 lakhs…………………. 6 %
> 20.1 – 50 lakhs………………… 5 %
> 50.1 – 100 lakhs………………… 3 %
> Above 100 lakhs…………………. 1 %
What is likely to happen with such ” INVERSE TAXATION ” regime ?
Following few things :
> Total personal tax payer base will go up dramatically from current 4
crores tax-payers
> with this ” INVERSE TAX REGIME ” , there will be no incentive to evade
taxes and to generate ” BLACK MONEY ”
There will be no resistance to accept ALL payments by cheque / electronic
clearance
The more you disclose as your income , the less you pay by way of taxes
( Of course , incrementally )
> For a change , we will learn to reward honesty / efficiency / productivity !
No need to bribe those Income Tax officers !
> Suddenly , lakhs of crores of BLACK MONEY will become WHITE MONEY
> There will be a huge surge in bank deposits ( – even with , the inevitable
lower interest rates )
> Banks will be awash with funds to finance businesses / infrastructure
projects etc , encouraging entrepreneurs / self-employed to set up new
businesses ( at 2 % interest rates of loans ) and generate millions of jobs
In any case , BJP manifesto promises :
> Rationalization and simplification of the tax regime – which is currently
repulsive for honest tax payers
> The process of bringing black money to India , what belongs to India , will
be put in motion on priority
> Minimize scope for Corruption
Narendrabhai ,
Here is your chance to ditch the ” Historical Baggage ” into the Indian Ocean
and come up with an INNOVATION that will take India ahead of China !
* hemen parekh ( 08 April 2014 / Mumbai )