A guide to determine and link various objectives/ initiatives to make India a modern nation where there is opportunity for all and Governance delivers for all!

1. The “Prose-Poetry and Swords-canards” of
“Demonitisation N GST programme”
Economy crippled as cash is
king at every chain of system –
agriculture, manufacturing ,
services with varying degrees of
impact
Opportunity Cost
lost to Govt and
economy in short n
medium term
impacting real GDP/
ECONOMY?
99% of Indians put to
hardship to catch 1%
thieves who account for
majority of black
economy currency, other
forms of investments
Business cycles in
disarray, how to
do risk mitigation
planning for post
GST regime ?
India being nation of
traders, govt has not
built enough safe guard
mechanisms for smooth
transition with GST ?
Govt gets more revenue and
banking system too to
prioritise spending and
lending portfolios allocation ;
better macro-micro
economics monitoring and
management
initiatives in line with GOI intent to
make economy more transparent,
accountable to drive India foreign
policy, diplomatic and militaristic
power and present the huge indian
market to world better. As
investment destination
Will have better
levers to address GST
implementation
challenges, future
generation of black
money, analyse n
measure economic
activity value chain n
prioritise risk
mechanisms better
Moving economic activity to
(4-5) level taxation system
ensures ease of compliance,
revenue visibility and wider
taxation base and less paper
work for all eventually.
Corporate can leverage
from opportunities in
SCM, Manufacturing
optimization strategies ;
competitive exports;
standardization of
corporate n personal
taxes with when it plays
out will make direct
taxation more robust! ;
How do we align our industry
ecosystem to go more
cashless impacting Accounting
practices and cash flow mgmt.
across value chain as this
being new “NORMAL”
black “parallel "economy is 20-30% of official GDP ( USD
2TN) and 80-90% is in hard assets , 85% employed in
informal sector with heavy cash comonent of business use,
what is point of this”demonitisation” exercise without
taxation reforms, compliance adherence, poor banking
infrastructure access and lack of jobs in formal sector. As
demographic dividend proves to be nations Achilles heal.
Why police, judiciary
reforms are not in place
and big cats let off that
is reflected in banking
NPAs of rs. 6 lac+ crores
.Impetus for improving
efficiency of economic
activity, middle industry
robustiveness in GDP nos.
and more funding available
for “ social infrastructure”
I
If gold monetization and property
sale/ buy freeze happens as policy;
mandis refuse to give credit to
farmers for growing what will
farmer do wirh their products
Through surrogates getter
better handle on “ parallel
economy” driiving a 200
bn usd illicit economy (
liquor/ human trafficking/
counterfeit notes etc.) iand
“ illegal money- flowing
through FDIs/ participatory
notes etc.”

2. • performance measurement systems that deal with business process
interoperability
• business process measurement, performance measurement system intra and
interorganizational levels measurement, intra-inter-process connection
measurement.
• inter-organizational coordination measurement, and common inter-
organizational
Thus “BSC” Focuses on:-
• Strategy implementation
• Alignment of Initiatives
• Accountability for Execution
• Simplified Communications, therby making it a comprehensive
Change Management Tool which can be understood by all stake-holders in a
organisation and corrective actions can be taken as and when course correction
is done.
“Balanced Scorecard” as a Performance management system helps in
following:-

3. Governance <– robust Policy - prudent execution ---Risk mgmt.– framework for strategic payoffs-- diplomatic judgement
INTERNAL
Tosatisfyourcustomers,at
whichoperationalprocesses
mustweexcel?
Clearly communicate expectations and
accountabilities aligned with strategic priorities
to bureaucracy, corporate and neighborhood
region and global community – military,
economic n diplomatic partners n adversaries.
Instill a Climate for driving n sustaining Change agenda Implement Technology
FINANCIAL
nCAPACITYBUILDING-
sustainourvision,onwhatmustwe
focus–immediate,mediumnlong
termhorizon?
Minimize capacity to create n hold
more black money ; control inflation,
drive value based growth that can
accounted across sectors; cap black
money re-routed via FDI through
Mauritius, Singapore etc..
Vision: To Enable India to create a sustainable platform in a inter-connected world economic ecosystem delivering middle-income status for all, Social
security, lower cost of credit , wider taxation base and prudent Governance spending driving the “National Happiness / Wellbeing Index.”
Build a Strong Financial Base to Sustain our Mission
and Achieve our Vision
CUSTOMER-massesn
micro-banks,corporate
ToachieveourVision,how
shouldourcustomers
benefit?
Banks n corporate CareHouse hold Care Farmers care
“An Accountable Indian Economy and its Global Responsibility “- A Strategy Map
Deliver value driving Efficient public
n social initiatives with best practices
and communities feedback
Make the Constitution
relevant to the current
Indian realities and do away
with all archaic laws
Strategic Programs to uproot naxalism,
illicit businesses by involving with
marginalized communities using NGOs/
SHGs etc.
Champion n implement across
sectors relevant technologies
maintaining high standards of
E-GOV; do benchmarking /
competitive studies on
infrastructure/capital utilization
, quality of life with global
commmunity.
Get access to cheaper
loans/ Credit for home
n small businesses. Etc.
Will benefit through lower retail
Inflation on GST implementation and
lower float of black currency
n its multiplier effect
Dispense Cheap loans
and able to create better portfolio
models for lending with
risk mgmt norms
for end users
Commercial credit
gets cheap with risk mgmt
norms by banks and
corporate taxation is
benchmarked to
i ntl standards n PPP of
Indian rupee
credit cheaper
but have to wait for
credit cycles to get
tuned to new realities
till mandis become
largely cashless n
forward mkts improve
buying efficiencies
mandi become more
cashless Ushering in less
hoarding of produce and
Transparency in value chain
cost n margins impacting
attrition in systematic n
forced wastages
Organs of Govt. like “Niti ayog” must invest
in own people, policy formulation ,
Budgeting innovation, research n analytics
to create actionable n risk mitigation plans
for economy keeping in mind Indian
demographic n economic realities /
challenges; work with industry for strategic
research in diverse areas
Instill a climate of pride in the
Govt. deptts, PSUs&
commitment to the mission
Skill & Competency Development
Build high entry
barriers for economic/
security destabilizing
actors
LEARNING
&GROWTH
Howwillwesustainour
abilitytochangeand
improve?
Increase in CASA(bank deposits) , can
create width/ depth of credit allocation
for small/ medium n start-ups, banks
can met BASEL capital adequacy norms
consistently
Strategic goals need to ensure milestone based performance expectations for economic n Social parameters that can be measured with corrective Operational deliverables re-calibration flexibility
Job creation/ wage improvement
with formalization across sectors with GST impact;
diversity of skills n competence bench
strength gains strength
2 -3 slab taxation that covers corporate/
individuals and Economic activity VIA GST (4-5
SUB SLABS) providing direct n indirect revenues to
treasury ; implement social n corporate styled
Accounting practises
Regulatory n Govt institutions that augur
compliance, transparency, monitoring, easier
arbitration and strong independent
ombudsman platform to mitigate risk across s
economic n social ecosystem – GST
implementation an ACID TEST
Pay just taxes to Govts., invest in capital mkts,
small savings and infra bonds besides gold
n property resulting in contribution to national
social n hard infrastructure n percapita wealth
GOI– citizen pension fund; forex reserves
augmentation and deeper bond markets for
govt to raise cheap capital ; reduce national
debt n fiscal budget constraints for meeting
exigencies, social budgets allocation needs
F1
F2
Ensure free secondary level education,
subsidize higher educating for economi
challenged; overhaul education system
“DNA” from primary to tertiary.; invest
quality research ecosystem n grants cor
On merit for nation benefits.
Enable “right to services”, “LOKPAL” and “
independence of judiciary” and “ police reforms” n “
bureaucracy” – heightened PERFORMANCE
management culture with compensation linked to
deliverables n team play.
Launch Strategic Programs to create
pilots for addressing future
challenges – food security,
employments, climate change
effects, healthcare, educational
dynamics – proactive mdoe ready!
For the vulnerable segments – children,
senior citizens n women ensure social –
economic protection programmes.
Foreign policy that drives our
philosophy of “ give n take” on trade
aspects, no nonsense policy on
national security and adjacencies;
leveraging geo-political dynamics fo
immediate regional stability –
economic n social accelerators
Constantly assess opportunity
cost of initiatives (GST)
affecting (-ve/+-ve) economy,
engineered social changes and
international dealings on trade
and geo-political dimensions
F3
Build KM system with states a
pre-run and post impln for GST
rollout and launch national
education programme