Zee Business Mutual Fund Helpline 04 June 2019 Mr Prakash Ranjan Sinha

Zee Business Mutual Fund Helpline 20 May 2019 Mr Prakash Ranjan Sinha

Congress NYAY Yojna

Congress NYAY Yojna (PLEASE READ THIS TO UNDERSTAND CAUSE OF EMERGENCE AND RISKS )

I was trying to find how come suddenly Rahul Gandhi talking of NYAY ( Minimum Income Scheme ) for poors . Off course given his thinking prowess it could not be his brainchild . its of Sam Pitroda ( USA based an IT expert ) his mentor thought process .

In few part of globe Universal basic income is being tested as pilot project . We need to understand what led to that and its viability in Indian context .

Automation and Robots are slowly replacing human work force in every aspects leading to risk of employment for humans. Scientific advancement is bringing more efficiency , better productivity and also lowering the cost . So revenue in economy is not affected but increasing . Yes with more lay off it will bring economic inequality and social discontentment in society . To ensure that this does not turn into a massive discontentment many economies who are taking advantage of this technical advancement are ensuring that the minimum cost of living of their population should be taken care by government and so thus this concept of Universal Basic Income Guarantee Scheme is being implemented . Ultimately the corporates or business entities who are saving human labour cost , getting more revenue may be willing to get taxed more to help the government for this.

Sam Pitroda shared this to Rahul Gandhi and he has been guided to add in his election manifesto as NYAY scheme . But is the situation same in India as those Economies from where the idea has been copied .

Is India’s automation level reached that stage as of Japan or other developed countries ? The very idea of Universal Basic Income Guarantee Scheme was to cover up for the loss of personal income due to automation but In India such level of automation yet to come so where is the need to cater for loss of job and income today ?

Those countries have much lesser population to cater vis a vis Indian poor population to whom NYAY being offered. Most important those countries which are experimenting they have clarity on source and resource that will fund Universal Basic Income Guarantee Scheme but here does Rahul Gandhi has even correct estimate of beneficiaries and fund requirement and most importantly source and resource that will fund his NYAY scheme . In those economies there is clarity of personal income lost due to automation whereas in India no such data available .

Mr Rahul Gandhi should not copy anything on the advise of an USA based expert without doing a feasibility test . Those countries are running pilot project , yet to implement on nation wide basis but here in order to win election it has been declared that it will be implemented for whole India .

In India we have still much to achieve to reach the level of economic growth of developed countries . There is lot of industrial growth opportunities where the idle workforce can be employed . this is where Modiji vision is . Rahul Gandhi is just copying without assessing ground reality , need of it and most importantly risks involved in it.

Zee Business Mutual Fund Helpline 18 April 2019 Mr Prakash Ranjan Sinha

Surviving India vs Growing India

Surviving India vs Growing India  .

This election is about selecting survival vs growth. If a poor wants just to survive he will vote for Congress but if he wants to grow he will vote for BJP.

I just take life of my grandfather , father , me and my children . 4 generations. During my grandfather time there was no aspiration for more products.  just survive with whatever you had and live life happily with grace of God . During my father time it was almost same . During my early childhood life was same but as I came into job and further , aspiration for new and better lifestyle started creeping in and that’s where growth began ( 90s ) . The journey continues and now in my children life they have aspirations of having best of life , more , new and better products i.e improved lifestyle . This is true for every person in India .

One conclusion  -- the country ( people ) have moved from survival to growth .

Since independence during my grandfather and fathers time ( till early 90s ) it was Congress government – Nehruji, Indira Gandhi and Rajiv Gandhi . This family POLICTIAL PHYLOSOPHY HAD BEEN HAVE A SURVIVING INDIA . Growth came only in 90s under Congress rule only but under Narsimha Rao government ( Liberalisation ) . Once Sonia Gandhi was opposed as PM she made Manmohan Singh as PM. A renowned economist continued with his agenda of growth but corrupt Gandhi family took advantage of that growth by doing corruption . MNREGA , 2G ,3G , Coalgate , Defence deal etc  were route for Sonia Gandhi to loot money through middlemen . Sonia Gandhi became 4^th richest lady during this Congress rule as Visionary Economist Manmohan Singh had become slave of this Italian family .

Modiji again transformed India from surviving India to Growing India . he kept a fine balance between improving providing survival need and growth aspiration . Improving life style of poors by providing basic amenities ( gas connection, electricity , house, toilets etc ) , also removing middleman and giving direct benefit ( through bank account ) but also started MUDRA yojna to help enterprising poor who wanted growth .

Rahul Gandhi wants India and poors in particular to again go back to surviving India so talking of NYAY yojna . It means just be happy . live your life , be contented poor will get minimum amount which is enough for survival and live like how your grandfather lived . Rahul Gandhi knows the best way to remain in power like his ancestors is make people dependent , they should just survive and not aspire for growth ( like before 90s ) whereas Modiji is motivating poor to be self reliant , grow and bring prosperity in their lives .

A country and its people will only grow when all become productive and not few grow to feed the rest .

Please guide the ignorant poors not to fall into the trap .

2019 vs 2009 ( Economic Prosperity or Economic Doomness )

2019 vs 2009 ( Economic Prosperity or Economic Doomness )

Ten years have passed . Do any one find any similarity as I do .

2009 – Global economic meltdown , USA , China and Europe in economic distress . UPA 1 government in place and we voted for UPA 2.  

SITUATION IN INDIA – A great opportunity wherein in the back of good growth from 2004-09  India could have attracted foreign inflows. FIIs/ FPIs seeing a negative ROI in their own economies would have invested in India . India would have flourished and grew by leaps and bounds .

BUT WHAT HAPPENED – In order to keep coalition partners happy ( Left had pulled out earlier so Congress did not want to get into minority ) no clear economic policy . Loots and corruption in almost all economic activities ( 2G,3G, Coalgate etc ) made foreign investors more apprehensive about India. So rather than inflow we saw outflow of foreign money . Market tanking and also domestic investors losing confidence . RECESSION IN INDIA WAS NOT NATURAL BUT IN FACT IMPOSED BY CONGRESS due to stated reasons .

CONSEQUENCES – we lost a golden 5 year ( 2009-14) wherein we could have doubled our growth and prosperity

NOW 2019 – Same situation as of 2009 being visible . USA , China and European countries facing imminent slowdown . A strong NDA government in place . Election to follow .

SITUATION IN INDIA – BETTER THAN 2009 . We are now in top 5 , our GDP growth is fastest in world, huge forex and gold reserve to counter any global negatives , policies and process for growth etc Foreign investors confidence for investment in India ,

WHAT CAN HAPPEN -- Either repeat of 2009 if we Indian vote out strong government ( BJP and NDA ) to replace again with corrupt , coalition , indecisive government ( Congress and others ) or we learn from our mistake , don’t lose this GOLDEN OPPORTUNITY and vote back BJP and NDA back to power .

Your Vote will decide – repeat of 20O( Opportunistic )9 or forward looking 20I(INDIA)9

Zee Business Mutual Fund Helpline 05 April 2019 Mr Prakash Ranjan Sinha