Bye Bye , Charging Stations !

3000 Km without a Charging Station  ?

 

Hindustan Times ( 09 Oct ) carries a news report titled :

“ Solar Cars begin gruelling race across Australian desert “

 

42 Solar powered cars will cover 3000 km ( Darwin to Adelaide ) , averaging speeds of 90 – 100 km / hour  !

 

Only for starting the race , external battery ( I suppose , Lithium-ion ) storage of 5 kwh is allowed

 

For the rest of the journey , cars must entirely depend on their Solar Panels .

 

There are no battery charging stations on that 3000 km route !

 

Of course , since there is no sun to charge the battery at night , cars stop at 5 pm

This made me wonder :

 

If these Solar powered “ Racing Cars “ can manage to cover 500 km per day , without re-charging , solely depending upon continuous charging of their batteries by the sun , then why cannot India adopt this technology for its ambitious Electric Vehicle program ?

 

That made me search :

https://www.worldsolarchallenge.org/event-information/2017_classes/cruiser_class

where I read :

 

“ 2017 will see the third running of this class, which is a tribute to the inaugural event in 2013 which saw a four-seater family car travel over 3000 Km with an external energy input of just 64 kWh !  ( to put this into context, a modern family car returning around 5 ltr / 100 km would use an energy equivalent of around 5000 kWh ! ) “

 

 

 

 

Dear  Shri  Gadkariji / Shri Amitabh Kantji  :

 

I believe the “ Electric Vehicle Road Map  “ is about to be approved / released

 

How different would that Road Map look like , if it does not require ANY BATTERY – CHARGING INFRASTRUCTURE  ?

 

No need for millions of charging stations ? ( except for home-based charging at night , during cloudy days / roadside shops offering swappable batteries )

 

ISRO has already demonstrated this technology , as pointed out in my following blogs / emails :

 

Solar Panels charging Li-ion Batteries of Electric Cars ?  [  04  May  2017  ]

https://myblogepage.blogspot.in/2017/05/solar-panels-charging-li-ion-batteries.html

 

Not Tough At All !  [  08  May  2017  ]

https://myblogepage.blogspot.in/2017/05/not-tough-at-all.html

10  Oct  2017

www.hemenparekh.in / blogs

 

 

 

 

 

 

 

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Is Anyone Listening ?

India  Economic  Summit

 

It was refreshing to watch last evening ( NDTV ) , a debate on the Economic Problems facing India and how to overcome these

 

Following government officers provided insightful answers to the questions raised by Vikram  :

 

  • Shri Amitabh kant [  CEO – NITI  Aayog  ]

 

  • Ms Aruna  Sundararajan     [  Sec – MeIT  ]

 

  • Shri Yudhvir Singh Malik     [  Sec – Transport  ]

 

  • Shri Ramesh  Abhishek       [  Sec  –  DIPP  ]

 

  • Shri Ashwani Lohani [  Chairman , Railway Board  ]

 

From time to time , I have made suggestions on some of the issues raised and sent to the concerned Policy Makers , through emails

 

Here is a partial list of some of those suggestions :

 

 

PROBLEM :

HOW TO PROVIDE  SHELTER TO MILLIONS  OF HOMELESS BY 2022  ?

SUGGESTION :

·         Shelter @ Speed of Snail ? [ S 3 ]   [  21  Sept  2017  ]

      https://myblogepage.blogspot.in/2017/09/shelter-speed-of-snail-s-3.html

 

PROBLEM :

HOW TO CREATE  “ SELF EMPLOYMENT “ OPPORTUNITIES FOR YOUTH  ?

SUGGESTION :

https://myblogepage.blogspot.in/2017/10/billionsinchange.html

 

https://myblogepage.blogspot.in/2017/09/in-state-of-denial.html

 

https://myblogepage.blogspot.in/2017/07/who-is-clueless.html

 

https://myblogepage.blogspot.in/2017/06/how-much-capital-to-create-one-job.html

 

https://myblogepage.blogspot.in/2017/02/baby-steps-wont-do.html

 

https://myblogepage.blogspot.in/2016/10/how-about-virtual-call-centers.html

 

https://myblogepage.blogspot.in/2016/06/50-million-new-jobs-in-5-months.html

 

https://myblogepage.blogspot.in/2016/05/harness-greed-to-skill-india.html

 

https://myblogepage.blogspot.in/2016/01/ten-million-start-ups-in-one-year.html

 

https://myblogepage.blogspot.in/2015/09/from-job-seekers-to-job-creators.html

 

https://myblogepage.blogspot.in/2015/02/create-self-employment.html

 

https://myblogepage.blogspot.in/2014/02/create-wealth-to-create-jobs.html

 

https://myblogepage.blogspot.in/2015/11/redefining-manufacturing.html

 

https://myblogepage.blogspot.in/2015/09/back-factory-of-world.html

 

 

PROBLEM :

HOW TO MAKE JUNIOR GOVERNMENT OFFICERS “ ACCOUNTABLE / ANSWERABLE “  ?

HOW  TO  MEASURE THEIR ACTUAL / EVIDENCE-BASED “ PERFORMANCE “ AND “ REWARD / PUNISH “ THEM BASED ON SUCH IRREFUTABLE / TRANSPARENT MANNER ?

 

SUGGESTION :

Implement Mobile App :  I  SIN  >  <  U  SIN  [  18  Aug  2013  ]

http://www.hemenparekh.in/2013/08/i-sin-sin-that-could-be-name-of-android.html#.WdnGeGiCzcc

 

 

 

 

PROBLEM :

HOW TO ENCOURAGE / ENABLE , GOVERNMENT OFFICERS TO TAKE “ HONEST / BOLD / OUT-OF-BOX  DECISIONS QUICKLY “ , WITHOUT FEAR OF BEING PERSECUTED  ?

 

SUGGESTION :

Policy  Paralysis  can  be  avoided  [  26  Aug  2016  ]

https://myblogepage.blogspot.in/2016/08/policy-paralysis-can-be-avoided.html

 

 

PROBLEM :

HOW TO TURN INDIA INTO A “ LOW COST ECONOMY “ ?

SUGGESTION :

https://myblogepage.blogspot.in/2017/01/solar-power-at-rs-1-per-kwh.html

 

https://myblogepage.blogspot.in/2016/07/unlimited-power-and-round-clock.html

 

https://myblogepage.blogspot.in/2017/09/how-to-boost-economy.html

 

https://myblogepage.blogspot.in/2016/12/one-up-on-donald-trump.html

 

https://myblogepage.blogspot.in/2016/07/how-to-break-vicious-circle.html

 

 

 

PROBLEM :

HOW TO MEASURE “ EMPLOYMENT LEVEL “  ?

SUGGESTION :

https://myblogepage.blogspot.in/2016/06/from-bad-to-mad.html

 

https://myblogepage.blogspot.in/2017/07/employment-measuring-vs-creating.html

 

https://myblogepage.blogspot.in/2017/05/credible-data-on-job-creation-here-is.html

 

https://myblogepage.blogspot.in/2017/03/quarterly-labour-survey-still-born-child.html

 

 

https://myblogepage.blogspot.in/2015/10/annual-employment-survey.html

 

 

 

PROBLEM :

HOW TO DELIVER COMPREHENSIVE HEALTH CARE  ?

SUGGESTION :

3D – Digital Delivery of Drugs  [  11  Oct  2015  ]

https://myblogepage.blogspot.in/2015/10/3-d-digital-delivery-of-drugs.html

 

 

PROBLEM :

HOW TO ENCOURAGE  DIGITAL  PAYMENTS  ?

SUGGESTION:

https://myblogepage.blogspot.in/2017/04/bhim-unstoppable.html

 

https://myblogepage.blogspot.in/2017/06/bhim-impersonator.html

 

https://myblogepage.blogspot.in/2017/04/a-beerud-named-bhim.html

 

https://myblogepage.blogspot.in/2017/01/cards-vs-mobile-wallets.html

 

https://myblogepage.blogspot.in/2017/09/from-bhim-30-to-bhim-70.html

 

https://myblogepage.blogspot.in/2016/12/conspiracy-of-cards.html

 

https://myblogepage.blogspot.in/2016/11/rip-credit-card.html

 

 

 

PROBLEM  :

HOW TO TRANSFORM THE URBAN TRANSPORT BY MOVING TOWARDS MORE PUBLIC TRANSPORT  ?

SUGGESTION :

https://myblogepage.blogspot.in/2017/10/intelligent-transport-system.html

 

https://myblogepage.blogspot.in/2016/08/a-rickshaw-by-any-other-name.html

 

https://myblogepage.blogspot.in/2016/05/tablets-in-taxies.html

 

 

 

Not having viewed the TV program in full , it is possible that I might have missed out on some other issues / concerns raised and the SOLUTIONS offered by the eminent panellists

 

It is possible that you may find some relevant suggestions here :

 

https://myblogepage.blogspot.in/2015/10/agenda-for-reforms.html

 

 

 

Have we not heard Shri Modiji tell us in his “ Man ki Baat “ ,

 

“  If you have a good suggestion, do send it to me “ ?

 

[  08   NOV  2016  /  The DeMo Day  ]

 

https://myblogepage.blogspot.in/2016/11/have-good-suggestion-send-it-to-pm.html

 

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

 

08  Oct  2017

www.hemenparekh.in / blogs

 

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Transport to Transform ?

Intelligent   Transport   System

 

Business Line ( 07 Oct ) carries following news :

 

NITI Aayog panel to work on Intelligent Transport Systems

 

To work on traffic, parking management and maintain roads in a cost-effective manner, NITI Aayog and International Road Federation on Friday signed a statement of intent to cooperate in Intelligent Transportation Systems.

 

The collaboration will focus on upgrading the parking situation in the cities, road safety, reducing urban traffic congestion, and improving the security of passenger and traffic.

 

Announcing the formation of a committee at a roundtable on ITS, Anil Srivastava, Advisor, NITI Aayog, said,

 

“ The committee developing the National ITS policy will comprise stakeholders from Central, State, foreign ITS companies and private partners who are active in the sector. Also, it will set uniform standards to implement the policy in various parts of the country ”.

 

He said making a policy was easier, but its implementation was a challenge. The major task of the committee would be to make ITS acceptable in tier II and III cities, he added. Currently, Mumbai, Bengaluru, Surat and Bhopal are the few cities where ITS has been partially implemented.

 

Dear Shri Anil Srivastavaji ,

 

In this connection, you may want to look up my following blogs (earlier sent as emails) :

 

A  Trail-blazing  Urban  Transport  ?   [  22  Sept  2017  ]

 

https://myblogepage.blogspot.in/2017/09/a-trail-blazing-urban-transport.html

 

Revolutionizing  Transport  ?  [  14  July  2017  ]

 

https://myblogepage.blogspot.in/2017/07/revolutionizing-transport.html

 

Urban Transport Policy  [  09  June  2017  ]

 

https://myblogepage.blogspot.in/2017/06/urban-transport-policy.html

 

Internet  of  Vehicles  (  IoV  )  ?  [ 04  March  2017  ]

 

https://myblogepage.blogspot.in/2017/03/internet-of-vehicles-iov.html

 

A  Radical  Radial  Revolution  [  18  Aug  2016  ]

 

https://myblogepage.blogspot.in/2016/08/a-radical-radial-revolution.html

 

 

https://myblogepage.blogspot.in/2017/07/a-new-way-to-e-way.html

 

 

 

https://myblogepage.blogspot.in/2017/08/smart-cars-safe-cars-social-cars.html

 

 

https://myblogepage.blogspot.in/2016/08/horn-ok.html

 

 

https://myblogepage.blogspot.in/2017/09/gadkariji-is-angry.html

 

 

 

 

 

 

 

 

 

08  Oct  2017

www.hemenparekh.in / blogs

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Times are Changing !

Billions  in  Change

 

I am sure , you could not have missed the full front page advertisements in yesterday’s news- papers re Billions in Change

 

Over the next few weeks , TV viewers will get to watch this documentary video on a number of channels ( although already viewable on their ,

web site  / http://billionsinchange.in/en/film/  )

 

It explains how Manoj Bhargava and his team of dedicated staff are trying to alleviate poverty in India ( – and later on , in entire world ) , through their revolutionary / low cost devices such as ,

 

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

http://www.buyhanselectric.in/

 

[  300 Watts  @ Rs 14,450  / 150 Watts  @ Rs 9,990

If you buy 30 units of 300 Watt , discounted ( 10 % ) price comes to Rs 13,000 ]

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

http://www.buyhanselectric.in/hanstm-solar-briefcase.html

 

[ HANS Solar Brief Case @ Rs 9,450

Charges 300 Watt pack in 4 hours / 150 Watt pack in 2 hours ]

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

What a happy coincidence !

 

Only a few days back , PM Shri Modi announced the launch of SAUBHAGYA scheme to ensure that electricity reaches to 4 CRORE rural household

 

That Scheme would cost the government  Rs 16,000 crores !

 

Now , is it possible that , government could have purchased from Manoj Bhargava , 4 Crore HANS Power Packs ( 300 Watts ) and distributed for FREE to those poor households ?

 

For such a BULK PURCHASE , I am sure , Manoj would have dropped the price to Rs 10,000 / – for 300 Watt pack  !

 

Since I am not an agent / dealer of Billions In Change , I strongly recommend that EESL come out with an open tender for these Power Packs , as it has earlier done in the following cases :

 

We have all heard ( repeatedly – including in PM’s speech 2 days back to the Company Secretaries ) how government , through its policy of BULK PURCHASE , managed to bring down the prices of LED bulbs from Rs 360 to Rs 45 each

 

And succeeded in replacing 28 Crore old fashioned / power consuming bulbs !

 

 

And how , only a few days back , EESL managed to bring down the price of an Electric Car to Rs 11.2 lakhs (  against identical petrol model selling for Rs 14 lakhs ) by tendering for 10,000 cars ! And expect to bring it down further to Rs 7 lakhs in next 2 years with tenders for 100,000 cars

 

 

Of course , even at Rs 10,000 each , buying 4 CRORE Power Packs from Manoj , would cost the exchequer , Rs 40,000 Crore !

 

But look at the advantages :

 

  • Not need to erect /maintain miles of transmission lines to those huts

 

  • No need to install and monitor Electricity ( Smart ) Meters

 

  • No need to collect monthly payments for the power consumed

 

  • In fact , no need to PRODUCE that power in the first place

 

  • No pollution due to power from coal-based power plants

 

  • No need to dig or import expensive coal / or worry about low plant-load factor

 

 

  • No need to worry about power thefts / transmission losses !

 

  • No load shedding ( so common in rural areas ) for “ non-payment of bills / low consumption “

 

  • No need to worry about PEAK / LEAN load periods

 

  • No need to keep Subsidizing Power for ever

 

And for supplying such huge numbers , Manoj ( and many Solar Panel manufacturing companies from all over the World ) might even agree to set up 10 factories in India for local manufacture  – generating thousands of jobs  !

 

And talking of “ Jobs Generation “ , let the government come out with  special MUDRA bank loans , only for rural youth who want to set up roadside “ Power Pack Charging Stations “  , using HANS Solar Brief cases , to recharge those 4 Crore Power Packs in 5 hours !

 

Each youth may be given a loan of Rs 1 LAKH , enabling him / her to buy 10 Solar Brief Cases !  This will generate ONE MILLION new “ Self Employment “ !

 

Today ( 07 Oct ) afternoon , Shri Narendra Modiji will “ felicitate “ :

 

“ Pradhan Mantri Gramin Digital Saksharta Abhiyan [ PMGDISHA ] “,

 

with the following objectives :

 

  • Impart digital literacy to 6 CRORE citizens in rural India

 

  • Provide access to information , knowledge, healthcare and livelihood generation

 

 

None of this is possible without Smart Phones / Tablets / Desk Tops

 

And the Power Pack can provide electricity to all of these through a 12 volt port !

 

 

(  Do not hesitate to amend the Indian Electricity Act , which forbids private parties / persons to produce and sell electricity to anyone , without getting a license )

 

 

 

It is not too late for Minister for Renewable Energy , Shri R K Singh to consider my suggestion

 

Reference :

 

Sahaj Bijli Har Ghar Yojana  [  24  Sept  2017  ]

https://myblogepage.blogspot.in/2017/09/sahaj-bijli-ghar-yojana.html

Manoj  Bhargava , My Hero  [  21  May  2016  ]

https://myblogepage.blogspot.in/2016/05/manoj-bhargava-my-hero.html

All Charged  Up  ?   [  15  Aug  2016  ]

https://myblogepage.blogspot.in/2016/08/all-charged-up.html

A  Radical  Radial  Revolution  [  18  Aug  2016  ]

https://myblogepage.blogspot.in/2016/08/a-radical-radial-revolution.html

More  than  one  Solution   [  28  April  2017  ]

https://myblogepage.blogspot.in/2017/04/more-than-one-solution.html

07  Oct  2017

www.hemenparekh.in / blogs

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Solar is the Answer !

For  Want  of  Power  ?

 

Business Line ( 04 Oct ) carries a news report which reads :

“ NALCO , GMDC drop plan for smelter project in Kutch “

 

It gives following reason :

“ Later , in 2013 , Nalco raised concerns about the extensive power consumption in Smelter for converting alumina into aluminium . Nalco had asked GMDC to arrange electricity at a rate of up to Rs 2.2 per unit to make the smelter project viable “

 

Apparently , officers of NALCO / GMDC , had missed reading my following blogs :

 

Piyush Goyal is a Visionary !  [  19  March  2017  ]

https://myblogepage.blogspot.in/2017/03/piyush-goyal-is-visionary.html

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

Blog Extract :

 

Dear Piyush Goyalji :

 

 

 

Please expedite your approval of the proposal submitted by the Power Grid Corporation of India , to generate 315.7 GW of Solar power in the deserts of Rajasthan / Kutchh / Lahul and Spiti / Ladakh

 

 

Make a beginning with 10 GW

 

 

That will enable you to provide power to homes / offices and factories all over India at Rs 1.0 per Kwh !

 

 

Then challenge Elon Musk , to set up 100 BATTERY STORAGE SYSTEMS ( of 100 MW each ) all over India , using his POWERPACK batteries , the way he plans to do in Australia

 

Unlimited Power : and Around the Clock  [  29  July  2016  ]

https://myblogepage.blogspot.in/2016/07/unlimited-power-and-round-clock.html

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

Blog Extract :

 

Fortunately for us in India , Shri Piyush Goyal ( Minister for Power ) is one such politician

 

 

His ministry ( MNRE ) is examining a proposal submitted by the Power Grid Corporation of India , to generate Solar and Wind power in the deserts of Rajasthan / Kutchh / Lahul and Spiti / Ladakh

 

 

These deserts have , between them , the potential to generate 315.7 GW of Solar plus Wind power !

 

 

And when this becomes a reality , sun shining over Ladakh will light up a lamp in Andaman-Nikobar islands !

 

 

For the entire project , the investments envisaged are :

 

#  By   2022…………. Rs  2    lakh*crore

 

#  By   2032…………..Rs  16  lakh*crore

 

#  By   2050………..   Rs  43  lakh*crore

 

 

Now consider this :

 

#  A 1mw Solar project would need Rs 6 Crores and need 2.5 acre of land ( 1 hectare  )

 

#  For that one million ton alumina project , GMDC-NALCO would have a need for

75 MW power

 

#  That means a 75  MW solar power project would have cost , only Rs 450 cr ( in a total

project cost of Rs 15,000 Cr ) and needed a tiny parcel of 180 acres of land  !

 

Of course , there would be additional investment in GRID SIZE power storage

batteries ( the kind TESLA is currently installing in Australia ) , to supply power to a

process plant , around the clock

 

 

 

I hope the new Minister for Renewable Energy , Shri R K Singhji , would give a push to the proposal submitted by the Power Grid Corporation of India

 

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

 

 

06  Oct  2017

www.hemenparekh.in / blogs

 

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#BlackMoney #Corruption

Prime  Minister’s  Challenge

 

Addressing a group of Company Secretaries last evening , PM Shri Modi challenged them to help make Corporate India , free of Corruption / Black Money / Tax Evasion ( – not a single “ Shell Company “ ) , by 2022

 

In his speech , Shri Modi listed a series of steps taken by his government during the past 3 years , to achieve this goal

 

He left out any mention of the following step , which somehow also got scant coverage in the media

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

 

Economic Times [ Oct 01 2017  ]  carried following news :

 

“  L&T Infotech bags $100 mn contract to help pin down tax evaders  “

 

The ambitious initiative to use social media analytics to identify tax non-compliance is a $100-million project for the Infotech arm of engineering giant Larsen & Toubro, according to a company official.

 

That is really advanced analytics. Now, that is like a $100-million deal for us. It’s not a small deal,” L&T Infotech chief executive and managing director Sanjay Jalona told
 

Terming the work awarded by the Central Board of Direct Taxes as a “high volume digital deal”, he elaborated that the project involves creating a ‘semantic web’ where web pages are structured and tagged in such a way that can be directly read by the computers.

 

“We are creating a systematic web on a person. If his wife is going to the Seychelles and putting photos on Instagram, we will capture it … that is really advanced analytics,” Jalona said.
 

It can be noted that in its efforts to shore up tax collections in a country with among the lowest tax to GDP ratios among its peers, the government has decided to use the best that data analytics offer
 

Who would think that  ICSI  would find an Engineering Giant as an ally in taking up the Challenge thrown by Shri Modi  ?

 

 

I have only a vague idea of the contour of the “ Semantic Web “ that Shri Jalona has in mind

 

To me , such a “ Semantic Web “ ( of a person ) would consist of :

 

#    KARMA………. (  Action  )

All over the World , CCTV cameras are catching the ( evil – dishonest – law breaking ) ACTS of the

people through pictures /   videos

 

#    VACHANA …. (  Spoken /  Written Words  )

L&T Infotech is apparently planning to “ capture and analyse “ , every Indian’s “ Social Media

Existence “ , to decipher the “ Database of Evil Intentions “

 

#    MANA………  (  Unexpressed  Thoughts  )

If Shri Sanjay  Jalona wants to “ Exceed the Expectations “ of the customer – CBDT – then he may

want to go ahead and develop “ Semantic Web – V 2.0 “ , by implementing :

 

Fast  Forward  to  Future – 3F  [  20  Oct  2016  ]

https://myblogepage.blogspot.in/2016/10/fast-forward-to-future-3-f.html

 

But Shri Modi’s journey ( – to eliminate Black Money / Corruption ) does not end with this “ Semantic Web “ project

 

It is only a matter of time , before you hear of the following   MILE STONES  of that journey :

 

How  to  go  Cashless  ?   [  27  Nov  2016  ]

https://myblogepage.blogspot.in/2016/11/how-to-go-cash-less.html

 

Network  of  Currency  Notes  ?  [  03  Nov  2015  ]

https://myblogepage.blogspot.in/2015/11/network-of-currency-notes.html

 

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

Currency  Maps  of  India  ?  [  08  May  2016  ]

https://myblogepage.blogspot.in/2016/05/currency-maps-of-india.html

 

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

Oracle  has  Spoken   [  25  March  2016  ]

https://myblogepage.blogspot.in/2016/03/oracle-has-spoken.html

 

Fak – e – Mon   [  17  July  2016  ]

https://myblogepage.blogspot.in/2016/07/fak-e-mon.html

 

The  March  of  Algorithms  [  05  July  2016  ]

https://myblogepage.blogspot.in/2016/07/the-march-of-algorithms.html

 

Help  !  Please  ,  Rescue  Me  !  [ 08  Aug  2016  ]

https://myblogepage.blogspot.in/2016/08/help-please-rescue-me.html

 

India has been proud of L&T’s capabilities in developing  its PHYSICAL  INFRASTRUCTURE

Soon , we will all be proud of L&T’s miracle in constructing  our DIGITAL INFRASTRUCTURE   !

 

05  Oct  2017

www.hemenparekh.in / blogs

 

 

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Theoretically ?  May be  /  Practically ?  Impossible  !

 

Sunday Times ( 01  Oct  ) carried following QUORA question :

“ If I start destroying currency , how will that affect economy ? “

 

 

Alex Tabarrok ( Professor , George Mason University ) replied as follows :

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

“ Amazingly, burning your cash would make everyone else a little bit richer.

 

Suppose that you get a job and earn $100 that you use to buy a pair of jeans. You created $100 worth of value and you consumed $100 worth of value. Now suppose you give the $100 to charity. You created $100 worth of value and someone else consumed $100 worth of value.

 

Now suppose you work and burn the $100. This is the same as the charity case! You created $100 worth of value but didn’t consume anything. But the value you created doesn’t disappear. You did the work and society is richer because you did the work. So who does the extra consuming?  Everyone  else.

How does this work?

 

When you burn your cash you reduce prices just a tiny, tiny, bit. The fall in prices means that other people can buy more. How much more ?

 

Exactly $100 in value more ( $100, divided by the population who participates in that economy, so not very much per person ! ).

So the upshot is that those fat cats lighting their cigars with $100 bills are really benefitting all the rest of us !

* I am assuming a normal, well-functioning market economy. In a recession with sticky prices there could be short-term Keynesian considerations which I have ignored as these don’t seem to be at the heart of the question as asked. “

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

 

Theoretically , Professor is right

 

But practically , you cannot expect anyone to work for the society , without expecting anything in return !

 

No doubt , some rich / well-to-do , individuals do join NGOs / Charitable Organizations and work for “ Free “  . But they are exceptions and in minority

 

But , can we get millions to , “ Give more to the Society in relation to what they receive from the Society “ ?

 

Can we get them to sacrifice a “ little bit “ , in order to enrich the lives of other poor people  ?

 

Can such “ small sacrifice “ on part of millions , make India , a “ Low Cost Economy “ and set in motion a “ VIRTUOUS  CIRCLE “, making us globally competitive  ?

 

Yes , it is possible as described in my following blogs :

 

Automation is Inescapable  [  30  Nov  2016  ]

https://myblogepage.blogspot.in/2016/11/automation-is-inescapable.html    

 

GIST  :

 

Reduce ” Cost of Inflation ” by limiting  ” Annual Wages-Salaries Increases ” to 75 % of

 

the  preceding year’s GDP number ( ie: if GDP for 2015,  is 8 % , maximum salary /

 

wage increase  that can be granted on 01 April 2016 , will be 6 % ) .

 

 

 

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

 

How  to  break  the  Vicious  Circle  [  03  July  2016  ]

https://myblogepage.blogspot.in/2016/07/how-to-break-vicious-circle.html   

 

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

 

 

04  Oct  2017

www.hemenparekh.in / blogs

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