Ground Reality ?

Virtual  Currency  ?  Time  to  get  Real  !

 

Business Line ( 17 Aug ) carries a report titled :

 

“ Panel not in favour of legalizing virtual currencies  “

Highlights of Panel Recommendations :

  • Virtual Currencies should not be legalized
  • Use of Crypto-Currencies should not be permitted in the country
  • There is still not much understanding of what Crypto-currencies are and how to use them in the country
  • It has been seen that these currencies are used for speculative purposes
  • Crypto-currencies have been used in malware attacks
  • Legalizing them could lead to their use in more such incidents
  • RBI has , over the years, advised users, holders and traders of such currencies of their potential risks
  • RBI has NOT given license or authorization to any entity to operate or deal with bitcoins and virtual currencies in the country

 

 

None of the above-listed recommendations of the Expert Committee on Crypto-Currency ( consisting of experts from SBI / RBI / Niti Aayog and others ), could have come as a surprise to those who read my following blog :

 

In the Eyes of the Beholder ?  ( 06  Aug  2017  )

https://myblogepage.blogspot.in/2017/08/in-eyes-of-beholder.html

 

Our Financial System is getting adjusted to :

  • Demonetization
  • Benami Property Act
  • Panama Papers
  • SIT recommendations on Black Money
  • GST
  • Digital Payments through UPI
  • Jan Dhan Accounts
  • Linking of PAN with Aadhar
  • Quoting of Aadhar while filing tax returns
  • 19 % more tax payers filing tax returns
  • De-recognition of 1.76 lakh SHELL COMPANIES
  • Flow of Rs 3 lakh*crore into banking system after Demon…etc ,

 

At this juncture , why add to more complications by legalizing 969 varieties of Crypto-Currencies , with a global market valuation of $ 116 BILLION  ?

 

17  Aug  2017

www.hemenparekh.in / blogs

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Needed : A Measuring Tape

Beyond  Cutting   Red  Tape

 

DNA ( 17 Aug ) carries news report with following news report :

 

“  22 L homes by ’19 : realtors for cut in Red Tape “

Realty players have made a strong case for simplification of procedure for the availability of land and a drastic cut in delays to grant various approvals to achieve CM Devendra Fadnavis’ ambitious target of construction of 22 lakh houses by 2019.

 

Some players estimate construction of 2,000 houses per day. They also emphasise the need for the government undertaking such as Maharashtra Housing & Area Development Authority (MHADA) and private developers to work together.

 

Anuj Puri, Chairman of ANAROCK Property Consultants, hopes the CM’s announcement doesn’t remain a political gimmick. He told DNA, “Availability of land and approval delays remain the biggest roadblock. Another cornerstone for the success of this ambitious plan is effective Public Private Partnership. Developers as well as MHADA need to embrace the use of technology to bring down the construction cost as well as time.”

 

Manju Yagnik, Vice-Chairperson of Nahar Group, says the government will have to simplify the land acquisition process. ”Having limited land parcels in the city, there is a dire need for vertical expansion which will happen with floor space index (FSI) ratios being doubled. Simplification of the building approval process will also cut down on delays in construction and project launches. Right policies, financial funding and participation from private developers will definitely give the push,” she notes.

 

Niranjan Hiranandani, President of National Real Estate Development Council (West) says, “The government needs to ensure availability of land at a price-point which would make the projects viable; ensure time-bound clearance as also provide taxation reliefs – all stakeholders work “in sync” being the catch-phrase — the cumulative effect of all these would be ensuring construction of such houses.”

 

 

Cut the red tape ?  Sure , but can we be more specific  ?

 

 

For example :

 

Will builders ask the government to implement :

Self Certification for  Builders ( 04  Nov  2015 )

https://myblogepage.blogspot.in/2015/11/self-certification-for-builders.html

 

 

And , beyond the Government Red Tape , will the builders be willing to embrace the Procedural and the Technological Innovations , described below ?

 

Building Castles  in  the  Air  ( 25  July  2015 )

https://myblogepage.blogspot.in/2015/07/building-castles-in-air.html

 

Dream  House  by  2020  ?  ( 01  Sept  2015  )

https://myblogepage.blogspot.in/2015/09/dream-house-by-2020.html

 

 

Quantum  Jump  of  50  million  houses  ( 13  Feb  2016  )

https://myblogepage.blogspot.in/2016/02/cheap-houses.html

 

3D  Printed  Office  ?  (  27  May  2016  )

https://myblogepage.blogspot.in/2016/05/3d-printed-office.html

 

Housing  for  All  ?  A  Status  Report  (  09  Sept  2016  )

https://myblogepage.blogspot.in/2016/09/housing-for-all-status-report.html

 

A  Roof  over  Every  Head  ?  (  07  March  2017  )

https://myblogepage.blogspot.in/2017/03/a-roof-over-every-head.html

 

Dear  Builders :

 

No one knows it better than yourselves that constructing millions of houses within next 5 years ( remember Shri Modiji’s speech 2 days back ? ), will require a “ Change of Mind-Set “

 

And the ball is in your court – by approaching the Government with a CONCRETE proposal

 

Vaguely worded requests ( Be honest / Be punctual ? ) , just won’t do  !

 

17  Aug  2017

www.hemenparekh.in / blogs

 

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Leasing is better than Buying

EESL  :  Lease cars , do not  Buy  !

 

Economic Times ( 16 Aug ) carries a report with following headline :

 

“  EESL Invites Global Bids for 10,000  E – cars “

 

Cars are for use by government departments in Delhi / NCR , and should be capable of running 150 Km on a single charge

 

In the first phase , 1000 cars will be purchased , at an estimated cost of Rs 12 lakh each

 

EESL has also floated tenders for 3000 AC charging points and 1000 DC ones , to be deployed by NTPC and PowerGrid , depending on the demand

 

 

Now , a recent CRISIL Research Study says , it is cheaper to “ rent a ride sharing taxi service “ ( like UBER / OLA ) , if you plan to drive less than 12,000 km / year

 

At 12,000 km / year , total cost ( fixed + variable ) per km works out to Rs 22 , for a self driven petrol car ( no salary of a chauffer )

 

It would be safe to assume that this would be Rs 25 / km for an Electric car

 

As against this , cost of hailing a UBER / OLA works out to Rs 19 / km  !

 

A personal car is cheaper only if the distance driven is more than 15,000  km annually ,” ratings agency Crisil said.

 

“And with a chauffeur, that distance doubles to 30,000  km,” it said.

 

I believe :

 

  • ALL government departmental cars are driver driven

 

  • Run ( max ) of 100 km per day ( 20,000 km in 200 working days )

 

 

Then , why “ Buy “ these 10,000 cars for an Capital Cost of Rs 1,200 Crores ?

 

Why not float a “ Global Tender “ for leasing out ?  And save that Rs 1,200 Crores ?

 

Apart from UBER / OLA , I am sure a large number of Start Ups will come forward with offers cheaper than Rs 15 / Km !

 

And expect offers from Mahindra & Mahindra along with offers from most Indian ( – and quite a few , foreign ) car manufacturers , as well !

 

What’s more , no need to worry about setting up those charging stations or drivers going on leave ( or strike ! )

 

I believe , between the Central and the State governments , current fleet of passenger cars is about 3,000,000  ( 3 million / 30 lakhs )

 

That would require a Capital investment of Rs 3.6 LAKH*CRORE , if replaced ( by purchasing ) , by electric cars !

 

All this when a typical “ Owned “ car is hardly used for 3 hours ( 12 % ) per day !

 

Apart from savings in Capital Cost , consider the following :

 

  • Saving / km = Rs 10 ( Rs 25 for owned E-Car less Rs 15 for rented UBER / OLA )

 

  • So , for 20,000 km / year , that would be Rs 2 lakh per car per year

 

 

  • That is Rs 200 Crore / year  for 10,000 cars !

 

When the entire World is moving towards a “ Economy based on Sharing of Under-Utilized Assets “ , for improving “ Asset Utilization “ , it does not make sense to BUY cars

 

A capital-starved , poor country must try to use all its “ assets “ , round the clock

 

Just one example : All buildings that are currently occupied / used , only for 10 / 12 hours , can be used ( may be ) for 20 hours per day !

 

I urge Shri Saurabh Kumar ( MD – EESL ) to consider my suggestion of leasing

 

He may also want to include following condition in “ E Car Leasing Tender “ :

 

“ Tenderer shall offer a 5 year lease , with a minimum of 10 % REDUCTION in the per km lease rental , each year over the rental for the preceding year “

 

Justification :

 

  • As per following report of Investment Bank UBS , E car prices in 2018, drop below the prices for petrol cars ! This trend ( of prices dropping for E Cars ) will continue for foreseeable future

 

 

https://futurism.com/investment-bank-report-predicts-the-cost-of-electric-vehicles-will-match-regular-cars-by-2018/

 

 

Consequence ?

 

  • If leased , that savings of Rs 200 crore / year mentioned earlier , will keep increasing , year after year !

 

Shri Saurabh Kumar will find whole-hearted support from Shri Nitin Gadkariji / Shri Piyush Goyalji

 

17  Aug  2017

www.hemenparekh.in / blohgs

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Let Internet of Things arrive

Linking  PUC  with  Insurance  ?

 

Times of India ( 11 Aug ) carried a new report titled :

 

“ PUC norm : 26m vehicles in 5 cities will face heat / No PUC, no insurance for vehicles : SC “

 

In a move aimed at reducing pollution caused by vehicular emissions, the Supreme Court has directed the Centre to take steps to refuse insurance cover to vehicles that do not have valid Pollution Under Control ( PUC ) certificate

 

The Court also ordered the ministry to ensure proper calibration of instruments for checking emission levels, certification of authorised manufacturers of emission testing machines and registration and authentication of those operating the machines for checking emission of vehicles

 

 

But polluting the air is not the only nuisance value of India’s 200 million vehicles ( – and growing at 12 million every year ! )

 

Despite dozens of government agencies and thousands of bureaucrats and lakhs of policemen trying to control / monitor / regulate , vehicular transport , things are only going “ from bad to worse “  !

 

Take a look at the following ( partial ) list :

 

*          Petrol / Diesel vehicles polluting atmosphere – causing early deaths

 

  • Deterioration of roads due to increased traffic

 

  • Road congestion leading to increased travel time / petrol wastage

 

  • Increasing road accidents , maiming and killing people or damaging property

 

  • No space for footpaths for walking

 

  • No space for bicycle tracks

 

  • Unbearable noise pollution causing deafness

 

  • No place for parking along public roads ( cause for corruption ? )

 

 

 

I urge the Supreme Court to take suo moto notice of this blog and issue notices to the

Central and the State Governments , as to why they cannot implement :

 

 

 

Internet  of  Vehicles  [  IoV  ] 

 

 

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

 

 

 

And come up with  :

 

 

 

Urban  Transport  Policy

 

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

 

 

Surely , Shri Gadkariji  would like to be one-up on the Supreme Court  !

 

16  Aug  2017

www.hemenparekh.in / blogs

 

 

 

 

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Perseverance is my Middle Name !

MY  BLOGS ( those with more than 100 views each )

{ 19 Feb 2017 to 15 Aug 2017  }

[  No of times viewed in bracket  /  86 blogs with an ave. of 174 views , totalling  14, 973 views  ]

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

 

https://myblogepage.blogspot.in/2017/08/karenge-or-karke-rahenge.html    [  101  ]

 

 

https://myblogepage.blogspot.in/2017/08/my-birth-right-trying-to-influence.html   [  146  ]

 

 

https://myblogepage.blogspot.in/2017/08/three-got-it-right.html   [  138  ]

 

 

https://myblogepage.blogspot.in/2017/07/can-supreme-stop-this.html  [  114  ]

 

 

https://myblogepage.blogspot.in/2017/07/seeing-ai-through-google-glass.html  [  129  ]

 

 

https://myblogepage.blogspot.in/2017/07/supreme-may-propose-technology-will.html  [  176  ]

 

 

https://myblogepage.blogspot.in/2017/07/privacy-does-not-live-here.html  [  119  ]

 

 

https://myblogepage.blogspot.in/2017/07/right-to-privacy-thank-you-your-honours.html  [  144  ]

 

 

https://myblogepage.blogspot.in/2017/07/privacy-parish-thought.html   [  177  ]

 

 

https://myblogepage.blogspot.in/2017/06/recruitment-expert-system-design.html   [  122  ]

 

 

https://myblogepage.blogspot.in/2017/05/from-elon-to-ion.html   [  571  ]

 

 

https://myblogepage.blogspot.in/2017/05/credible-data-on-job-creation-here-is.html   [  114  ]

 

 

https://myblogepage.blogspot.in/2017/05/a-reverse-toll-possible.html  [  116  ]

 

 

https://myblogepage.blogspot.in/2017/05/what-goes-out-comes-back.html  [  114  ]

 

 

https://myblogepage.blogspot.in/2017/05/solar-panels-charging-li-ion-batteries.html  [  142  ]

 

 

https://myblogepage.blogspot.in/2017/05/privacy-what-is-that.html  [  124  ]

 

 

https://myblogepage.blogspot.in/2017/05/a-living-entity.html  [  102  ]

 

 

https://myblogepage.blogspot.in/2017/05/same-wavelength.html  [  113  ]

 

 

https://myblogepage.blogspot.in/2017/05/nightmare-of-gst.html  [  120  ]

 

 

https://myblogepage.blogspot.in/2017/04/everything-else-being-equal.html  [  126  ]

 

 

https://myblogepage.blogspot.in/2017/04/ignoring-real-value.html  [  129  ]

 

 

https://myblogepage.blogspot.in/2017/04/if-you-cannot-lick-them-join-them.html  [  126  ]

 

 

https://myblogepage.blogspot.in/2017/04/more-than-one-solution.html  [  131  ]

 

 

https://myblogepage.blogspot.in/2017/04/horoscope-of-nation.html  [  142  ]

 

 

 

https://myblogepage.blogspot.in/2017/04/a-blue-print-for-votesapp.html  [  152  ]

 

 

https://myblogepage.blogspot.in/2017/04/next-expect-what.html  [  157  ]

 

 

https://myblogepage.blogspot.in/2017/04/yogiji-yogah-karmasu-kaushalam.html  [  160  ]

 

 

https://myblogepage.blogspot.in/2017/04/thank-you-beerud.html  [  167  ]

 

 

https://myblogepage.blogspot.in/2017/04/think-out-of-box-possible.html  [  166  ]

 

 

https://myblogepage.blogspot.in/2017/04/need-of-hour-team.html  [  198  ]

 

 

https://myblogepage.blogspot.in/2017/04/a-take-off-time.html  [  187  ]

 

 

https://myblogepage.blogspot.in/2017/04/dont-miss-this-opportunity.html  [  183  ]

 

 

https://myblogepage.blogspot.in/2017/04/climb-every-wall-cross-every-sea.html  [  184  ]

 

 

https://myblogepage.blogspot.in/2017/04/passing-buck.html  [  191  ]

 

 

https://myblogepage.blogspot.in/2017/04/a-beerud-named-bhim.html  [  215  ]

 

 

https://myblogepage.blogspot.in/2017/04/coal-story-missing-points.html  [  198  ]

 

 

https://myblogepage.blogspot.in/2017/04/water-water-everywhere-even-in-latur.html  [  219  ]

 

 

https://myblogepage.blogspot.in/2017/04/standardization-is-not-that-simple.html  [  166  ]

 

 

https://myblogepage.blogspot.in/2017/04/bhim-unstoppable.html  [  273  ]

 

 

https://myblogepage.blogspot.in/2017/04/what-skills-are-in-demand.html  [  157  ]

 

 

https://myblogepage.blogspot.in/2017/04/evm-as-susceptible-as-mom.html  [  186  ]

 

 

https://myblogepage.blogspot.in/2017/04/do-not-drink-and-drive.html  [  196  ]

 

 

https://myblogepage.blogspot.in/2017/04/yogiji-make-it-win-for-all.html  [  206  ]

 

 

https://myblogepage.blogspot.in/2017/04/india-new-land-of-rising-sun.html  [  218  ]

 

 

https://myblogepage.blogspot.in/2017/03/robotation.html  [  227  ]

 

 

https://myblogepage.blogspot.in/2017/03/kratoh-smarah-deeds-will-be-remembered.html  [  194  ]

 

 

 

https://myblogepage.blogspot.in/2017/03/best-out-of-bad-bargain.html  [  196  ]

 

 

https://myblogepage.blogspot.in/2017/03/the-next-simplification-arm.html  [  198  ]

 

 

https://myblogepage.blogspot.in/2017/03/here-is-way-to-ensure.html  [  204  ]

 

 

https://myblogepage.blogspot.in/2017/03/presidential-or-coalition-government.html  [  211  ]

 

 

https://myblogepage.blogspot.in/2017/03/a-not-so-supreme-court.html  [  190  ]

 

 

https://myblogepage.blogspot.in/2017/03/how-to-shame-mps-mlas.html  [  196  ]

 

 

https://myblogepage.blogspot.in/2017/03/shri-raoteji-has-vision.html  [  222  ]

 

 

https://myblogepage.blogspot.in/2017/03/quarterly-labour-survey-still-born-child.html  [  207  ]

 

 

https://myblogepage.blogspot.in/2017/03/aadhar-omnipresent.html  [  177  ]

 

 

https://myblogepage.blogspot.in/2017/03/one-infrastructure-spv-more-will-follow.html  [  190  ]

 

 

https://myblogepage.blogspot.in/2017/03/piyush-goyal-is-visionary.html  [  195  ]

 

 

https://myblogepage.blogspot.in/2017/03/yogi-method-behind-madness.html  [  198  ]

 

 

https://myblogepage.blogspot.in/2017/03/evmbahana.html  [  232  ]

 

 

https://myblogepage.blogspot.in/2017/03/wake-up-bhim-wake-up.html  [  192  ]

 

 

https://myblogepage.blogspot.in/2017/03/some-answers-still-missing.html  [  182  ]

 

 

https://myblogepage.blogspot.in/2017/03/tony-seba-stands-vindicated.html  [  191  ]

 

 

https://myblogepage.blogspot.in/2017/03/plastic-skyscrapers.html  [  202  ]

 

 

https://myblogepage.blogspot.in/2017/03/are-we-really-serious.html  [  192  ]

 

 

https://myblogepage.blogspot.in/2017/03/how-cheap-can-it-get.html  [  188  ]

 

 

https://myblogepage.blogspot.in/2017/03/a-matter-of-shame.html  [  171  ]

 

 

https://myblogepage.blogspot.in/2017/03/building-castles-in-air.html  [  186  ]

 

 

https://myblogepage.blogspot.in/2017/03/time-to-fulfil-your-promise.html  [  179  ]

 

 

https://myblogepage.blogspot.in/2017/03/not-day-too-soon.html  [  241  ]

 

 

https://myblogepage.blogspot.in/2017/03/world-government-let-us-begin-with.html  [  177  ]

 

 

https://myblogepage.blogspot.in/2017/03/need-for-relook.html  [  149  ]

 

 

https://myblogepage.blogspot.in/2017/03/a-roof-over-every-head.html  [  163  ]

 

 

https://myblogepage.blogspot.in/2017/03/caterpillar-morphing-into-butterfly.html  [  144  ]

 

 

 

https://myblogepage.blogspot.in/2017/03/innovative-financing.html  [  134  ]

 

 

https://myblogepage.blogspot.in/2017/03/slow-and-steady-loses-race.html  [  132  ]

 

 

https://myblogepage.blogspot.in/2017/03/internet-of-vehicles-iov.html  [  346  ]

 

 

https://myblogepage.blogspot.in/2017/03/not-straightforward-answer.html  [  143  ]

 

 

https://myblogepage.blogspot.in/2017/03/wormholes-across-world.html  [  150  ]

 

 

https://myblogepage.blogspot.in/2017/03/poverty-alleviation-chinese-way.html  [  124  ]

 

 

https://myblogepage.blogspot.in/2017/03/thank-you-varun-gandhi.html  [  120  ]

 

 

https://myblogepage.blogspot.in/2017/03/future-home-is-here.html  [  130  ]

 

 

https://myblogepage.blogspot.in/2017/03/taxing-times-for-robots.html  [  125  ]

 

 

https://myblogepage.blogspot.in/2017/02/congratulations-shri-ajoy-mehta.html  [  136  ]

 

 

https://myblogepage.blogspot.in/2017/02/writing-on-wall.html  [  119  ]

 

 

https://myblogepage.blogspot.in/2017/02/un-implementable-laws-unstoppable.html  [  222  ]

 

 

https://myblogepage.blogspot.in/2017/02/spirit-of-israel.html  [  183  ]

 

15  Aug  2017

 

 

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Karenge or Karke Rahenge !

Karenge or Karke Rahenge !

 

 

For his Independence Day speech tomorrow , Shri Modiji invited citizens to send in their suggestions , as to what he should talk about

His office ( PMO ) has received some 8,000 + suggestions – which, it is busy reading / sorting / short-listing / incorporating in Shri Modiji’s speech !

Now , no one should expect Shri Modiji to personally go through all those 8000 messages

News reports say that PMO is also trying to figure out ,

  • What promises did Modiji make during his last speech
  • What is the ( implementation ) status of those promises as of today

PMO has identified specific promises made last year , as follows :

  • Pradhan Mantri Gram Sadak Yojana
  • Energy-rich India
  • Farmers’ Welfare
  • Healthy India
  • Saluting Freedom Fighters
  • Saluting Tribals
  • Giving an identity to every Indian

What would , however surprise the listeners ( – and pleasantly , too ) , if Modiji declares from the ramparts of the Red Fort , tomorrow :

“ Before 15th Aug 2018 , government will find an amicable settlement of Babri Masjid / Ram Mandir dispute through negotiations with all concerned and start at the disputed site , construction of a “  WORLD  PEACE  COMPLEX “ , as outlined in :

Reach  Out  Time  ?  ( 20 Sept 2013 )

https://myblogepage.blogspot.in/2013/09/reach-out-time.html

14  Aug  2017

www.hemenparekh.in / blogs

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Metro  in  the  Ditch ?

Metro  in  the  Ditch ?

 

DNA ( 14 Aug ) reports :

 

In 3 years ( between June 2014 and June 2017 ) Mumbai’s METRO 1 has ,

 

  • Earned….. Rs 664 crores

 

  • Spent…… Rs 1572 crores

 

 

Construction of this 11.4 km line was started in 2007 and got completed in 2014

Original estimated cost of Rs 2356 Cr ballooned to Rs 4321 Cr

Metro 1 is jointly owned by Reliance Infrastructure and Maharashtra Govt company , MMRDA ( 26 % )

 

Reason advanced for this loss :

  • Was expected to carry 3 lakh commuters per day

 

  • Is actually carrying only 8 lakh commuters per day

 

 

There is a court case going on between the Govt and MMOPL ( owner of Metro 1 ) re the fare structure, with Reliance Infra claiming it has all the legal rights to fix the fares

 

All of this must provide INPUTS to the following MASS RAPID TRANSPORTATION proposals just cleared by Niti Aayog :

 

6 proposals involving Mass Rapid Transportation Technologies , such as Hyperloop , Metrino, Pod Taxies , Stadler buses , Hybrid buses and Freight Rail Road, with a condition that the Transport Ministry conducts trial run of all these technologies ( – under experimentation even in advanced economies )

 

 

 

From where will Transport Ministry find funds for these “ Unproven “ systems , requiring thousands of crores of rupees , and little assurance for “ Profits “ ?

 

 

 

Then there are NPAs ( valued at Rs 10 lakh*crore , in Coal based power plants / Telecom etc ), haunting the banks !

 

 

 

Banks reeling under these NPAs , are unwilling to lend for :

 

 

  • Untried / Untested / Un-proven technologies ( even in other countries )

 

 

  • Restarting of hundreds of “ Stalled “ projects

 

 

  • Take over by the private sector of Govt projects ( divestment ) , with accumulated losses of thousands of crores , making “ Reverse BOT “ , a difficult proposition ( even if government writes of debt and give VRS to employees )

 

 

No wonder , Shri Arun Jaitleyji is complaining that the Private Sector is not investing enough in the Infrastructure Projects

 

 

14  Aug  2017

 

www.hemenparekh.in / blogs

 

 

 

 

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