Hi Friends,

Even as I launch this today ( my 80th Birthday ), I realize that there is yet so much to say and do. There is just no time to look back, no time to wonder,"Will anyone read these pages?"

With regards,
Hemen Parekh
27 June 2013

Now as I approach my 90th birthday ( 27 June 2023 ) , I invite you to visit my Digital Avatar ( www.hemenparekh.ai ) – and continue chatting with me , even when I am no more here physically

Thursday, 6 May 2021

A WORLD OF THREE ZEROS – MUHAMMAD YUNUS




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When I read any book, I scribble my comments / notes in the margins


These reflect my views / opinions about what the author is saying – including my disagreement

Often, my comments are in the nature of telling myself :

Hey ! We should try out this idea in our own business ( Head-hunting / Online Recruitment )

Following are my comments re :

  AWORLD OF THREE ZEROS – MUHAMMAD YUNUS       

                                                                                                          
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Page No 04

·         Entire strong! Even if “per capital” in come is rising? By itself, increase in “spread” may not tell

Page no 05

·         Reason why millions are migrating from North Africa! Mid-east to Europe poverty

·         Most of this walk must be in the form of market value of the sharesleqaity

·         They hold 

Page no 09

·         Also root cause of economic flooding Europe.

Page no 10

·         In India CSR = 2% are net profile of last 3 (5?) yrs. 

Page No 14

·         Every country wants to export “to other countries much more than it imports, this is impossible hence the confrontation protectionism

Page no 

·         After a few months of persuasion, I got anil / naik – chairman –l &T – to assign l&T InfoTech developers to design / launch …. Www. Empower msne.com ----- for which I had written a detailed concept note and and also prepared u/ I for all pages this is ready since septet 20017 but AMN has yet to find time to review it before we can rope in ASSOCHAM, FICCI / CII/ ETC/ INTO this social VENTURE.

·         Last few days, Mumbai is recording 36- 38 c which is 5 a bove prior. ave

Page no 21

·         Just cannot work    

Page no 23

·         So true! Just look at the NPA problem of Indian banks (especially), public sector banks) dining the last 5/7 years. These NDA exceed lakhs of crores of rupees! And wan- defaulter like Vijay Malaya Nirav modi are simply running away to other countries in last 3 yrs. I have written 10/15 bogs on this topic and sent to cabinet minister. Including one this morning.

Page no 24

·         Indian govt is giving away lakhs of craves of rupees to these, “bankrupt banks” in order to “re-capitalize “them using tax money of poor people!! I have repeatedly objected against this but who listens?

Page no 25

·         I hope Narendra modi and his cabinet colleagues and mem ber of PM’S Economic Advisory count- and chief Economic Adour (arvind subramanycm), find time to read this book.

Page no 17

·         Very ingenious and / thoughtful.

Page no 29

·         Only 2 day back India cabinet approved creafrcm of Rs.SK core   fund for “creating jobs “in 12 service sectors 

·         I have started writing a blog to convert this to “self-employment” initiative.

Page no 43

·         Fueled premium ly by the “such-prime” crisis in USA, where bank manger’s lent billions of dollars to persons (who had no poor in come) to bag houses who could not repay the loans. Bank mgrs. Knew that these people just could not repay! But strlllent huge bonus to earn huge incentive bonuses!

Page no 48

·         What Indian govt is doing right now with its “bank recapitulation” program – using tax –payer s’ money which can be used for helping the poor Owing 58% of world’s wealth

Page no 50

·         Like caught in which pool.

Page no 52

·         To send details to years re prof yogh

Page no 78

·         “MUDRA lone impact” report prepared by by ministry of labor (04 sept.2019- financial express):                 

·         1.12 cr “additional jobs “created in 33 months.

·         Of these 51l self-employed or working owners.

·         61 l employees  or hired workers

·         Only 20.67 % applicants took lone to start NEW business / Rest, to expand expand existing business In first 3 years loans sanctioned = RS. 57 L CR. each adds job created cost RS 5.1 LAKH.

Page No 82

·         How many social business funds have come up in Bangladesh?

·         In India we will need thousands of such funds to make a meaningful impact on un employ ment. Who is interested in launching such funds where referring are so small?

Page no 83

·         In past 2 years, since this book was writing what is the progress of this concept?

·         UN fortunately there are very few such persons! Everyone is looking to invest in most profitable businesses or where there initial investment will grow rapidly thru mkt cap

Page no 84

·         Investors everywhere are GREEDY. I doubt it many will subscriber to this “new economic model” – in “log- dog “world.

·         Sometime in 2012 / 14 a me no of micro credit companies come up but many earned a bad name by charging huge interest more than regular banks. Very true/ also true

·         For past one weak there are reports of PARLE retrenching 10.000 employees! Who will not?        

Page no 86

·         The CRUX of the concept

Page no 87

·         Worse than path an lenders 

Page no 93

·         Mobiles + internet

·         Read my blog universal basic income

Page no 99

·         India has over 200 million patrols! Diesel vehicles –some 28 million are older than 15 yrs.

·         Yesterday Gujarat put a ban on new fossil fuel bases power plants / 10 spte 2019

·         Hundreds of trees (2700+) are planned to be at for Mumbai metro sheds in Aare colony.

·         Ditto with BJP govt. of Maharashtra.

Page no 104

·         India (EESL OR ONGC) is about to twat a tender for one million solar powered cooking stave read my blogs. 

Page no 107

·         This is currently happening in Amazon region of Brazil & INDONESIA.

Page No 108

·         A few months back minister Nitin gad Kari spoke of plan to plant 130 crores trees! BJP govt of maha is talking of planting 35 crores trees 

·         In India 21 metros will run out of water in next 5 yrs.

Page no 110

·         Q : How many are there and where are they ?

·         Ditto here’ll told, Mumbai produces 10.000 tons of debris each day! 

Page no 111

·          In one my blogs, I have suggested to remore corporate tax far companies, registered as “plastics recycling industry “expect a miracle!!

Page no 114

·         I have in my blog: water above your head? “Given a few examples of such water purification

·         Devices running an solar power

Page no 116

·         Very little can happen without right policies of govt which would enrage “NORMAL PROFIT” BUSINESSES (- and not mere social Businesses) to come forward with huge investments in such environment sowing processes.

Page no 117

·         Read (from greed to great blog)

Page no 120

·         What is holding back to exercise this power?

·         One of the most different, since pevestiors of the problems differs from person to person.

Page no 121

·         I front think this has happened.

Page no 125

·         Some 50. Yrs. Ago monsoon rains arrived in Mumbai on 10th June like a clock work NOW it is around 10th July

Page no 126

·         If anything that “rate is accelerating.  

·         Read my blog USM unified states of migrant its.

·         1 % own 50% world’s’ wealth

Page no 127

·         And millions of such poor migrants will “rush-over” / Europe / USA / japan / Singapore etc. cannot be stopped by military! Read my blogs on this.

·         Already tensions have built up re. Resources under Arctic & Antarctic
Absolutely –the last word on world – peace. 

Page no 128

·         Jain philosophy of “ASTEYA” – no more use than absolute minimum required surviving.

Page no 130

·         Only way for goats to rapidly raise trillions of dollars is.

·         Amnesty schemes for BLACK money invested in specific INFRA spy

·         Abolish personal income tax

·         I must have written 30 + blogs suggesting these and sent as emails to cabinet minister over pest 5 yrs. 12 sept 2019

Page no 142

·         This concept is good as an “ideal” to follow but even an “alternative system” would need trillions of dollars to be able to make a dent in reaching” 3 ZEROES” legi / official tax paid / white money, is unlikely to come forward and invest in “social Businesses “with very low returns.

·          

·         Hence only answer is a perpethel BLACK MONEY AMUESTY SCHEME, but only for investment in govt mandated SPVS, with low veteran and blockage of capital for 10/15 years. 

Page no 148

·         True! Become cynic.  A very good idea.

Page no 150

·         To an extent, this (attitude) seems natural! All animals learn how to hunt by watching and copying their parents. They won’t survey it they don’t learn and learn fast! Day after day, newspapers and TV channels are full of news of young even married with children committee suicide because they cannot feed the family. Our current system has failed them true but where that new / alternate system? 

Page no 151

·         Just ask those 12 million getting added every year!

·          

Page no 157

·         Millions of fresh graduate, have no “savings”!

Page no 158

·         Had l&T pursued / launched, Empower MSME. Com it could have morphed in to some kind of social Business .lost opp. orotundity

Page no 160

·         I have mentioned a very similar concept in one of my blogs.


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