Preparing plan for $100 billion FDI inflow: Suresh Prabhu

Preparing plan for $100 billion FDI inflow: Suresh Prabhu Read more at: https://lnkd.in/f-FFqqq “We have removed almost all sectoral restrictions. I have asked Invest India to identify those who can get that amount " ============================== Dear Shri Prabhu, Want to know about a " plan " that can bring in $ 500 billion worth of FDI ? Please read my following email of 3 years ago : FDI : By any other name ? [ 01 July 2016 ] https://lnkd.in/fYVyEtT

United We Stand : Divided We Fall

https://lnkd.in/f-SKhrK How low have we descended in our servility to Social Media companies ? We have to " beg " them : Even if you are the New Emperor , do not resort to " Data Imperialism ! Please , do not colonize us ! Oh ! What a fall was there , my Countrymen ! ( - without apologies to Julius Caesar ) https://lnkd.in/fK9QteH

These restaurateurs don’t own any restaurants

These restaurateurs don’t own any restaurants As the appetite for ordering food in rather than dining outgrows, foodpreneurs like Barman see more sense in setting up virtual restaurants that exist only on apps rather than the brick and mortar kind which you could find on Google Maps. https://lnkd.in/fBiJMYU =================================== Swiggy ? Zomato ? Barman ? Are these E Commerce platforms ? Or should these be treated like NORMAL COMMERCE , since I make cash payments to their delivery boys , who arrive with the food at my doorsteps ? To me, it does not matter ,if they are accepting payments " on behalf " of XYZ - or what arrangements they have with the restaurants or whether that food came from a neighbour's kitchen ! For some intriguing possibilities, read : hashtag#ECommerce hashtag#FDI # The E Commerce Elephant https://lnkd.in/f7Emj4E

E-tailers may have to register entities in India

E-tailers may have to register entities in India Read more at: https://lnkd.in/fQnXccP ======================== Hey ! How will you define these entities : These days , a product could be, * patented in one country ( concept ) * designed in another country * developed ( detail manufacturing drawings ) in another country * components made all over the World * Sub-Assemblies ( of those components ) carried out in another country * Final Assembly done in another country * Packaging done in another country * Offered for sale on ONLINE e-commerce portals in another country * Marketed by agencies located all over the World * Delivered using manpower / drones / supply chains of several countries * Financed by funds from all over the world At which “ Level “ of Value Addition , does a product become “ local “ ?

Flipkart bets on alpha-beta tango to sync with FDI norms

Flipkart bets on alpha-beta tango to sync with FDI norms The alpha sellers will supply merchandise to beta sellers, which will offer them on the Flipkart marketplace. https://lnkd.in/fKf3MWk ================================ Apparently , the marketing guy at Flipkart found time to read : Weave a Wondrous World [ W3 ] https://lnkd.in/fW4m8ja

Does Amazon pay '$0' in taxes?

Does Amazon pay '$0' in taxes? A tweet by a popular US Congresswoman spotlighted a report about US tech behemoth Amazon's tax burden for the past two years. https://lnkd.in/fz87JBF ================================= I don't have any idea about the Corporate Income Tax being paid by Amazon to our Government ( for its GMV in India ) Question : What would Amazon have paid if it was treated just like any other " traditional / normal , brick-and-mortar " commerce , rather than a glorified " E Commerce Marketplace " , deserving some special dispensation ? For my logic, read : E Commerce Definition : a Space Ship ? https://lnkd.in/f5AKFUh

Maharashtra government to intensify IT use to up agriculture GDP

Maharashtra government to intensify IT use to up agriculture GDP https://lnkd.in/fM6ww-d ============================== For a blue print of such an IT PLATFORM , read : Influence farmers and win Votes ? https://lnkd.in/f5tKwrT

Digital Gangsters': UK Wants Tougher Rules for Facebook

'Digital Gangsters': UK Wants Tougher Rules for Facebook https://lnkd.in/fkJbfMj =============================== The only rule that will work with Facebook is : Digital Dividend from Demographic Data [ 4 D ] https://lnkd.in/fRqce6R

Crores spent but only 25% water meters functional in city: BMC data

Crores spent but only 25% water meters functional in city: BMC data https://lnkd.in/fj3wbHu Highlights : Mumbai has approximately 4 lakh metered connections, of which 2 lakh are in slums. About 30 per cent of the meters are functional in the island city, nearly 23 per cent in the western suburbs and another 24 per cent in the eastern suburbs. According to civic officials, the charges are Rs 3.68 per 1,000 litres for slums and Rs 4.8 per 1,000 litres for housing societies. ================== Deduction : BMC is losing a daily revenue ( due to non-functional meters ) of Rs 40 LAKH Solution : Install " Pre-paid Smart Water Meters " along the lines of : Electrifying : Smartly https://lnkd.in/fECdTbH

Scrap The Angel Tax, Don’t Just Dilute It

Scrap The Angel Tax, Don’t Just Dilute It https://lnkd.in/f9cWKdz ======================== Then, after scrapping , replace it with Start Up Act - 2015, as described in : Fayaa Laare https://lnkd.in/f6J5RM4

Ans : Online / Mobile Voting

https://lnkd.in/eSYdm7t =================================== Ans : Online / Mobile Voting Times of India lists following " Pros " for this method : " Most voter friendly since everybody can vote from their own phones or computers. No queues. No waiting ===================== If you want to know many other advantages of this method, please look up : Dark Side of Democracy https://lnkd.in/fiYR5yR

Government to inject Rs 48,239 crore in 12 public sector banks in FY19

Government to inject Rs 48,239 crore in 12 public sector banks in FY19 https://lnkd.in/eYd6iY4 ========================== Translated : Govt will " suck out some ( tax ) blood " from you and me and " inject " into those PSU banks whose corrupt officers connived with unscrupulous businessmen , who siphoned off billions of rupees ,turning those loans into NPAs -then went on a Swiss holiday with friends / family ! For details, read : hashtag#BankRecapitalization https://lnkd.in/fiu7vMT

Startup India: In 34 months, only 94 of 15,798 govt recognised ventures got tax exemptions

Startup India: In 34 months, only 94 of 15,798 govt recognised ventures got tax exemptions https://lnkd.in/eZ6ne5A ======================== We just keep treading the same old " Path of the Calf " ! Don't expect things to change unless someone musters the courage to say : Let us implement : Fayaa Laare https://lnkd.in/f6J5RM4

A.I. Judges: The Future of Justice Hangs in the Balance

A.I. Judges: The Future of Justice Hangs in the Balance https://lnkd.in/eTH-5a6 ============================ On 26 Feb , Supreme Court will start the final hearing of the Ayodhya / Ram Mandir case Given that SC will need to determine which of the 90,000 + documents submitted are true and which are fake, reaching a judgement is not going to be easy ! I urge the judges to take help from AI , as described in the above-mentioned article For illustration , look up : Liar vs Liar ? https://lnkd.in/esjT2Mm

OpenAI built a text generator so good, it’s considered too dangerous to release

OpenAI built a text generator so good, it’s considered too dangerous to release https://lnkd.in/eJpKBMB ================================== Hey ! How about feeding into this AI software , my 1868 blogs ( www.hemenparekh.in ) , give it some topic ( eg : Black Money Elimination ) - then sit back to read " my " next blog on the subject ! Will save me 3 hours !

E Commerce Story is unfolding

I invite group members to send me ( hcp@RecruitGuru.com ) their comments on my following blog : E Commerce Story is unfolding https://lnkd.in/e6ttUgJ regards, hemen

Path to heaven is paved with good intentions !

https://lnkd.in/eSPkC5s As per recent reports ( commissioned by the Central Government ) , total amount of BLACK MONEY in our country , could possibly be as high as : Rs 1245 Lakh*Crore And our government , over the past 4 years, has managed to recover / unearth , Rs 78,000 crore They say : Path to heaven is paved with good intentions ! With just 100 days left for the General Elections, one thing has been proved , viz : Devil is in Details !

Twitter CEO Jack Dorsey unlikely to attend February 25 house panel meet

Twitter CEO Jack Dorsey unlikely to attend February 25 house panel meet Read more at: //https://lnkd.in/fZMAdmk =============================== Why are we wasting our time ? It will take only a few minutes to email to Dorsey , the following link : https://lnkd.in/fRqce6R

How Reliance Retail aids structured funding

How Reliance Retail aids structured funding https://lnkd.in/f_-M5Mr OPC Asset Solutions, a leasing company, has securitised the lease rentals due from the country’s largest retailer Reliance Retail. This is, perhaps, for the first time that the securitisation route has been used for enabling a large-scale lease rental transaction. =================================== For the next move by Reliance Retail , read : Weave a Wondrous World [ W3 ] https://lnkd.in/fW4m8ja

Half-measures: new angel tax rules for start-ups

Half-measures: new angel tax rules for start-ups https://lnkd.in/f4hhJdp Extract : There are, however, a few other issues with the new rules that could still cause unnecessary headaches to young start-ups ========================== I hope Shri Prabhu finds time to read my prescription for , " how to permanently rid the startups of unnecessary headaches " described at length at : Fayaa Laare https://lnkd.in/f6J5RM4 I am sure Shri Prabhu could not have failed to notice the profound / positive implication of my suggestion , viz : 12 million youth ( entering our work force each year ) rushing to register themselves on the web site of Income Tax department , as " Start Up " ( exempt from Income Tax for 10 years ) - even if as " Zero Tax Payers " ! In any case , even if employed , their salary income would remain less than Rs 5 lakh per year ( Rs 40,000 per month ), at the end of 10 years - and exempt from tax ! But imagine getting 12 million additions each year in database !

ETAuto EVC: ‘Look Beyond Subsidy for EVs, Build Scale Instead’

ETAuto EVC: ‘Look Beyond Subsidy for EVs, Build Scale Instead’ https://lnkd.in/ffd26mf =========== Extract : Before EVs become mainstream, Srivastava said the government is looking at ways to promote retro-fitment of an existing vehicle to convert it into an EV and also rely more on CNG and LPG ======================= Dear Shri Srivastava ( anilshri@nic.in ) : Many thanks for considering my following suggestion : Missing Piece of Jigsaw Puzzle [ 15 Nov 2018 ] https://lnkd.in/f5D8kyK where I wrote : Why scrap entire vehicle ? Why not retrofit ? · In an OLD vehicle, - only “ Polluting Sub Assembly “ is the ENGINE - other “ Non-Polluting Sub Assemblies “ are : Body – Chasis – Transmission – Tyres etc So , why SCRAP those non-polluting parts ? Why not just scrap the old engine and retro-fit the vehicle with a brand NEW engine ( BS VI compliant ) ? That will mean re-utilizing some 80 % of the asset and , at the same time getting rid of the air pollution !

Phase-II of Grid Connected Rooftop Solar Programme Approved

Phase-II of Grid Connected Rooftop Solar Programme Approved https://lnkd.in/fdqxy8y =========================== Extract : The Cabinet Committee on Economic Affairs Chaired by the Prime Minister, Narendra Modi has given its approval for the Phase-II of Grid Connected Rooftop Solar Programme that aims to achieve cumulative capacity of 40,000 MW from Rooftop Solar (RTS) Projects by the year 2022.  The programme will be implemented with a total central financial support of Rs.11,814 crore. ==================== Actual total achievement as of Dec 2018 , is > 3.85 GW That leaves balance of 36 GW to be achieved in 4 years ( 9 GW per year ) What we actually achieved in 2018 > 2.4 GW =================== For my assessment , read : Roof Top Solar : Stuck at Plinth Level ? [ 17 July 2017 ] https://lnkd.in/fgdbUHc

Small e-commerce sellers no less in mega offers

Small e-commerce sellers no less in mega offers https://lnkd.in/ftmD3qg ==================== Extract : Two senior industry executives said the country’s two largest online marketplaces have adopted this strategy by appointing multiple sellers for the top-selling products to comply with the revised foreign direct investment (FDI) policy for ecommerce. The policy bars sellers to have more than 25% of purchases from the marketplace entity or its group companies and wants smaller entities to have a level playing-field. ============================== Want to know what to expect next ? Read : Weave a Wondrous World [ W3 ] https://lnkd.in/fW4m8ja