The document analyzes the potential economic and national security benefits of passing the Jan Lokpal Bill in India. It estimates that the bill will significantly reduce corruption, increasing transparency and investment. This could triple India's GDP to $4.5 trillion by 2025 by attracting $75 billion annually in foreign direct investment and $1.7 trillion in domestic infrastructure investment. This would create over 60 million new jobs and modernize India's military. However, failure to pass an effective version of the bill could harm the economy and national security.
This is the Cover Letter accompanying the 148 page concept document for India's largest education project. The project is the worlds largest and most sophisticated education project based on innovative financing
The Megaproject is based on Innovative Financing and the projects entire Construction Financing requirement ( US $ 141 Billion or Rs 8.97 Lakh Crores ) will be raised from Innovative sources without taking a single rupee from the Govt. of India or Provincial Governments.
In terms of its Financing, the Vivekananda Education Megaproject is 10 times the Size of the Chunnel Tunnel which links Britain and France and 5 times the size of the Three Gorges Dam in China
This is the worlds largest Project Financing at the present time
This is the Excel ( Motherfle ) containing all the calculations , financing details and project structuring concepts for India's largest education project. It is also the worlds largest and most sophisticated education project based on innovative financing.
This is a 2 MB file, Please allow a few minutes for download. It is worth it.
This is the Cover Letter accompanying the 148 page concept document for India's largest education project. The project is the worlds largest and most sophisticated education project based on innovative financing
The Megaproject is based on Innovative Financing and the projects entire Construction Financing requirement ( US $ 141 Billion or Rs 8.97 Lakh Crores ) will be raised from Innovative sources without taking a single rupee from the Govt. of India or Provincial Governments.
In terms of its Financing, the Vivekananda Education Megaproject is 10 times the Size of the Chunnel Tunnel which links Britain and France and 5 times the size of the Three Gorges Dam in China
This is the worlds largest Project Financing at the present time
This is the Excel ( Motherfle ) containing all the calculations , financing details and project structuring concepts for India's largest education project. It is also the worlds largest and most sophisticated education project based on innovative financing.
This is a 2 MB file, Please allow a few minutes for download. It is worth it.
Operations Financing Plan ... to Raise US $ 29.86 Billion or Rs 1.90 Lakh Crores Each Year, to Operate a system of 30,000 New Secondary Schools and Associated Teacher Sharing Infrastructure with another 420,000 Existing Govt of India Schools
India Leadership Conclave 2019 - "Opportunities" - The 5 Trillion Dollar Miss...Indian Affairs
There is no doubt that Narendra Modi’s ruling Bharatiya Janata Party is an election-winning machine. But Indian Affairs feels that its ideology is sharply at odds with economic or social common sense.
Results for India's general election released on 23 May saw a landslide victory for the Bharatiya Janata Party (BJP), which increased its huge parliamentary majority. Narendra Modi and his ruling BJP have swept back to power. The party won 303 seats in the Lok Sabha, the lower house of India's parliament, bettering the 282 seats they won in 2014 - a performance that not many thought was possible. BJP's historic win decimated the Opposition.
India Leadership Conclave currently in its 10th Annual Year is hosting the iconic & historic 10th Annual India Leadership Conclave & Indian Affairs Business Leadership Awards 2019 with a powerful & aptly theme of OPPORTUNITIES where we intend to do a post mortem of how the first term of the Modi Government has fared & what is in store for Modi 2.0.
This is the concept document for India's largest education project. It is also the worlds largest and most sophisticated education project based on innovative financing.
This is a 7 MB file with 148 pages of new ideas . Please allow a few minutes for download. It is worth it
An Analysis Of the Union Budget from 2010- 2015 Education SectorSneha J Chouhan
This presentation explains about the Highlights of the Indian Union Budget for 5 years in the education sector and its impact.
P.S: Refer for educational purposes only.
BOOSTING SKILLSETS:INCRESING EMPLOYABILITY OF YOUTHDHRUVIN PATEL
We know that Govt. has been implementing so many schemes for increasing the employability of youth but we know there has no any effect on the unemployment rate.So i have suggested some of the plans which Govt. should implement.
Muskan is the leading training partner of PMKVY(Pradhan Mantri Kaushal Vikas Yojana) in all over India.
http://www.skillindiamission.com/pmkvy-pradhan-mantri-kaushal-vikas-yojana-training-centre-franchise-scheme.php
Top 5 schemes under startup india to benefit young entrepreneursAnisha Sachit
he Startup India scheme was launched by PM Narendra Modi on 16 January 2016 at Vigyan Bhavan, New Delhi. The Indian Government has introduced this tailor-made scheme especially to encourage and uplift the start up business entities of India. Under this programme, the Government has launched many schemes to help young entrepreneurs.
The Startup India scheme was launched by PM Narendra Modi on 16 January 2016 at Vigyan Bhavan, New Delhi. The Indian Government has introduced this tailor-made scheme especially to encourage and uplift the start up business entities of India. Under this programme, the Government has launched many schemes to help young entrepreneurs.
Blog: https://www.linkedin.com/pulse/top-5-schemes-under-startup-india-benefit-young-amrita-agarwal/?trackingId=klM5uElHzhMMdql0%2BcAc3A%3D%3D
Apply for a Loan: https://financebuddha.com/business-loan
Facebook :https://www.facebook.com/financebuddha
Twitter:https://twitter.com/financebuddha
The Indian Primary And Secondary Education Megaproject Excel MotherfileAshish Puntambekar
This is the Excel ( Motherfile ) which contains all project calculations, details on financing sources and project structuring concepts for India's largest education project. It is the worlds largest and most sophisticated education project based on innovative financing.
This is a 2 MB file. Please therefore allow a few minutes for download. It is worth the wait.
The Indian Primary And Secondary Education Megaproject Excel MotherfileAshish Puntambekar
This is the Excel ( Motherfile ) containing all the calculations, details of financing sources and project structuring concepts for India's largest education project. It is the worlds largest and most sophisticated education project based on innovative financing.
This is a 2 MB file. Please therefore allow a few minutes for download. It is worth it.
The Indian Primary And Secondary Education Megaproject Excel MotherfileAshish Puntambekar
This is the Excel ( Motherfile ) which contains all the calculations, details of financing sources and project structuring concepts for India's largest education project. It is the worlds largest and most sophisticated education project based on innovative financing.
This is a 2 MB file. Please therefore allow a few minutes for download. It is worth the wait.
Operations Financing Plan ... to Raise US $ 29.86 Billion or Rs 1.90 Lakh Crores Each Year, to Operate a system of 30,000 New Secondary Schools and Associated Teacher Sharing Infrastructure with another 420,000 Existing Govt of India Schools
India Leadership Conclave 2019 - "Opportunities" - The 5 Trillion Dollar Miss...Indian Affairs
There is no doubt that Narendra Modi’s ruling Bharatiya Janata Party is an election-winning machine. But Indian Affairs feels that its ideology is sharply at odds with economic or social common sense.
Results for India's general election released on 23 May saw a landslide victory for the Bharatiya Janata Party (BJP), which increased its huge parliamentary majority. Narendra Modi and his ruling BJP have swept back to power. The party won 303 seats in the Lok Sabha, the lower house of India's parliament, bettering the 282 seats they won in 2014 - a performance that not many thought was possible. BJP's historic win decimated the Opposition.
India Leadership Conclave currently in its 10th Annual Year is hosting the iconic & historic 10th Annual India Leadership Conclave & Indian Affairs Business Leadership Awards 2019 with a powerful & aptly theme of OPPORTUNITIES where we intend to do a post mortem of how the first term of the Modi Government has fared & what is in store for Modi 2.0.
This is the concept document for India's largest education project. It is also the worlds largest and most sophisticated education project based on innovative financing.
This is a 7 MB file with 148 pages of new ideas . Please allow a few minutes for download. It is worth it
An Analysis Of the Union Budget from 2010- 2015 Education SectorSneha J Chouhan
This presentation explains about the Highlights of the Indian Union Budget for 5 years in the education sector and its impact.
P.S: Refer for educational purposes only.
BOOSTING SKILLSETS:INCRESING EMPLOYABILITY OF YOUTHDHRUVIN PATEL
We know that Govt. has been implementing so many schemes for increasing the employability of youth but we know there has no any effect on the unemployment rate.So i have suggested some of the plans which Govt. should implement.
Muskan is the leading training partner of PMKVY(Pradhan Mantri Kaushal Vikas Yojana) in all over India.
http://www.skillindiamission.com/pmkvy-pradhan-mantri-kaushal-vikas-yojana-training-centre-franchise-scheme.php
Top 5 schemes under startup india to benefit young entrepreneursAnisha Sachit
he Startup India scheme was launched by PM Narendra Modi on 16 January 2016 at Vigyan Bhavan, New Delhi. The Indian Government has introduced this tailor-made scheme especially to encourage and uplift the start up business entities of India. Under this programme, the Government has launched many schemes to help young entrepreneurs.
The Startup India scheme was launched by PM Narendra Modi on 16 January 2016 at Vigyan Bhavan, New Delhi. The Indian Government has introduced this tailor-made scheme especially to encourage and uplift the start up business entities of India. Under this programme, the Government has launched many schemes to help young entrepreneurs.
Blog: https://www.linkedin.com/pulse/top-5-schemes-under-startup-india-benefit-young-amrita-agarwal/?trackingId=klM5uElHzhMMdql0%2BcAc3A%3D%3D
Apply for a Loan: https://financebuddha.com/business-loan
Facebook :https://www.facebook.com/financebuddha
Twitter:https://twitter.com/financebuddha
The Indian Primary And Secondary Education Megaproject Excel MotherfileAshish Puntambekar
This is the Excel ( Motherfile ) which contains all project calculations, details on financing sources and project structuring concepts for India's largest education project. It is the worlds largest and most sophisticated education project based on innovative financing.
This is a 2 MB file. Please therefore allow a few minutes for download. It is worth the wait.
The Indian Primary And Secondary Education Megaproject Excel MotherfileAshish Puntambekar
This is the Excel ( Motherfile ) containing all the calculations, details of financing sources and project structuring concepts for India's largest education project. It is the worlds largest and most sophisticated education project based on innovative financing.
This is a 2 MB file. Please therefore allow a few minutes for download. It is worth it.
The Indian Primary And Secondary Education Megaproject Excel MotherfileAshish Puntambekar
This is the Excel ( Motherfile ) which contains all the calculations, details of financing sources and project structuring concepts for India's largest education project. It is the worlds largest and most sophisticated education project based on innovative financing.
This is a 2 MB file. Please therefore allow a few minutes for download. It is worth the wait.
The Indian Primary And Secondary Education Megaproject Excel MotherfileAshish Puntambekar
This is the Excel ( Motherfile ) which contains all the calculations , financing details and project structuring concepts for India's largest education project. It is the worlds largest and most sophisticated education project based on innovative financing.
This is a 2 MB file, please allow a few minutes for download. It is worth it.
Sample budget presentation for stakeholders. Find out how to compile and present data. Register for the Georgia 40-Hour Director's Training Credential workshop.
http://altheapenn.tripod.com/id20.html
Economic Impact Of Entertainment Industry In Indiaaakash malhotra
Entertainment or creative industries together make a revenue of 93k crore. Deloitte india dissects other other indirect impacts that these industries cause in the economy of india. See more: https://www2.deloitte.com/in/en.Html
Economic impact of the video services industry in India(2019)Social Samosa
Deloitte India in collaboration with FICCI has released a report today on the Economic Impact of the film, television, and online video services industry in India, 2019.
A Study of the Contract Labour System in the Garment Industry in Gurgaon
Haryana State is one of the fastest growing states in India. The GDP was Rs 2, 162,870 million in 2009-2010 and Rs 2,577,930 million in 2010-2011, an increase of 19% in a single year. This reflects an increasing trend of economic growth in Haryana over the last decade despite the global downturn and its impact on the export/foreign investment-oriented industries that now characterise the economy of the state. In keeping with the neo liberal economic policies introduced in India during the early 1990s, the state has attracted investment through various incentives to the industrial sectors, embarking on the industrialisation of an economy that had traditionally been based on agriculture. Industry in Haryana is highly dependent on a migrant workforce that has flooded in to the state along with its phenomenal economic growth.
Anticipating and Gearing up Real Estate Sector in Indiainventionjournals
International Journal of Business and Management Invention (IJBMI) is an international journal intended for professionals and researchers in all fields of Business and Management. IJBMI publishes research articles and reviews within the whole field Business and Management, new teaching methods, assessment, validation and the impact of new technologies and it will continue to provide information on the latest trends and developments in this ever-expanding subject. The publications of papers are selected through double peer reviewed to ensure originality, relevance, and readability. The articles published in our journal can be accessed online.
The issue of widening of tax base of the country has been a subject matter which has received considerable attention of the successive Governments over the years. There has been intense debate on the subject in the recent past also. FICCI has come up with an analysis in the form of a paper titled ‘Widening of tax base and tackling black money’. The document identifies the root causes of generation of black money in India, sectors where black money generation is prevalent and suggestions to uncover the generation, accumulation and distribution of black money within the Indian economy. A copy of the aforesaid study has been submitted to the Revenue Secretary and other officials of the Ministry of Finance.
February 2015 Edition of BEACON, A Monthly Newsletter by SIMCON.
Inside this issue:
About Us
Our Team
INDUSTRY ANALYSIS : Real Estate Industry
COMPANY ANALYSIS : DLF
BRAND ANALYSIS : Coca Cola
Event Report: Guest Lecture on Behavioral Finance
Concept of the month
The ideas contained in this presentation are of a strategic nature and concern a possible future direction of India’s Energy sector and its various de-carbonization and Net Zero pathways.
The Indian East Coast Energy Corridor (ECEC) is not just an energy security project. In fact, it changes a lot of things, within India’s future energy landscape as it changes not just how and from where we will import petroleum products and export future Green Hydrogen volumes, but it also includes a comprehensive decarbonization and net zero plan for Industry. The plan also stipulates how a significant part of $ 480 Billion in investments in clean energy and next generation technologies can be financed through the design of Innovative hybrids. All of this can be expected to guide national energy policy into the 2040 – 2050 decade.
The proposed investments in deep clean tech projects within ECEC, in batteries, green hydrogen, solar and both onshore and offshore wind are over four times the proposed investments in conventional oil & gas. The only reason the conventional oil & gas component (Part 1) within ECEC is large, is that serious geopolitical issues in India’s neighbourhood were ignored while planning pipeline and logistics networks, over the last 40 years. This is because industry took a US / European energy construct (in Strategic Reserves & pipeline routes for instance) and applied these to India without taking our unique challenges into account.
ECEC’s massive clean energy component includes Digital strategies (i.e the MIT concept) and Industry 4.0 business models to de-carbonize hard to abate sectors such as oil refining, cement and steel and proposes a new, sustainable energy plan for the Himalayan region and for the protection of glaciers. ECEC also has a very large international component and an innovative, US $ 60 Billion financing mechanism for its clean tech components, including green hydrogen. Financial innovation is a key distinguishing feature of this project.
The Mumbai Eastern Waterfront is one of the Worlds Largest Waterfront Development Projects.
Specifically it is an example of a Clean Energy - Smart City Hybrid
Dear Colleagues,
Attached is the presentation of Part 1 of 6 of the Indian East Coast Energy Corridor project.
This is a project that changes a whole lot of things in India’s Energy Industry and its Decarbonization pathways.
Though the project looks large, it needs to be seen in the context of the Large Aircraft orders being placed out of India which is becoming the New centre of Global growth.
PROJECT COMPONENTS
Part 1 which is being shared now, is known as the East -West Swing Refining System.
It includes Conventional Oil & Gas components and certain De-carbonization components that will help seamlessly Transition India to a Net Zero economy by 2045, much earlier than the 2070 target committed at COP 26.
The remaining parts 2 – 6, that will follow shortly, will be designed to Execute on the following themes :
Part 2 : Green Hydrogen projects & Battery Giga Factories
Part 3 : Restoration of Himalayan habitats and Glaciers
Part 4 : Digital interventions in Mobility, Industrial de-carbonization and Net Zero.
Part 5 : International projects (1) Hadron Collider and (2) Collaborative Energy Projects in other Countries to feed into the East Coast Energy Corridor.
Part 6 : Financial innovation to create exciting Green Hydrogen (GH2) projects
DE-CARBONIZATION, SUSTAINABILITY & NET ZERO
The main problem that the East Coast Energy Corridor is trying to solve can best be summarized in the following question :
How do we raise the standard of living on 600 Million Indian citizens living at the subsistence level, to Middle Class status without Ruining the Environment ?
This is the problem I have tried to solve in Parts 2 – 6 of the East Coast Energy Corridor which will be shared sometime soon.
Part 1, is mainly about Conventional Energy as India’s Petroleum fuels infrastructure first needs to guarantee energy security (a functionality which it lacks today) while also laying the Foundation for a National Energy Transition at Scale.
Overall, the attached Deck constitutes a Strategic discussion note on National Energy Policy which can be expected to provide a few pointers for India’s Energy Industry well into the 2040 – 2050 decade, besides being a Lighthouse project for the rest of the world.
Thank you for your time.
Sincerely,
Ashish Puntambekar
Project Architect
The East Coast Energy Corridor
www.x36falcon.com
This presentation contains 5 ideas that could help potentially Triple the size of the Indian Economy from US $ 2.5 Trillion in 2018 ... to US $ 7.5 Trillion by 2030 - 32.
The " Construct India Mission " to deliver this kind of Tripling of the Indian Economy was designed by Ashish Puntambekar, a strategic designer based in Mumbai
The Construct India Mission is a Plan to Make India the Worlds Largest Construction Market by 2025 and simultaneously create 30 Million New Jobs.
The Construct India Mission was prepared in response to a Request made by PM Modi to citizens ... to suggest ideas which could be considered for inclusion in his speech on Independence Day
The 96 Page Concept Note describes India's New Defence Manufacturing Corridor / Defence Economic Zone Project into which the Indian Government has now made a Firm commitment to invest Rs. 40,000 Crores or US $ 6.15 Billion.
Two Defence Manufacturing Corridors are now being executed. One in Bundelkhand Region in South Uttar Pradesh and the Other along the Chennai - Bangaluru Corridor , into each of which the Central Government will now invest Rs 20,000 Crores as committed in the Union Budget of Feb ' 2018.
Ashish Puntambekar is the designer of the DEZ project which he presented to the Govt. of India which in turn decided to Execute it
Concept Presentation for the Defence Economic Zone Project ( first published in Oct ' 2014 ) which has received a Firm financing commitment of Rs 40,000 Crores ( US $ 6.15 Billion ) from the Govt. of India ... in the Feb ' 2018 Union Budget.
Two Defence Manufacturing Corridors are proposed ... One in the Bundelkhand region of Southern UP ( Uttar Pradesh ) and the other Rs 20,000 Crores will be invested by the Govt of India in enabling infrastructure along the Chennai - Bangaluru Corridor.
This is one of the Worlds Largest Construction Projects with a US $ 60 Billion Capex.
The Ahobilam Megaproject actually is composed of Four Large Projects :
1. Construction of a US $ 30 Billion Temple city in Ahobilam in Rayalaseema in Andhra Pradesh ( India )
2. Construction of a US $ 20 Billion Mega University, 9000 Acre Campus to Re-Create the Original Nalanda University in India
3. The Greening of Water Starved Rayalaseema in Andhra Pradesh through the creation of a dense forest using Israeli Technology
3. Setting up a US $ 10 Billion Disneyland, 160 Km north of Ahobilam and close to the Sreesalem Dam on the Krishna River
This Strategic Concept note addresses the issues within the Indian R & D landscape and suggests creative ways to Transform Indian R & D into a World Class innovation Ecosystem
Concept Document The Indian Primary And Secondary Education MegaprojectAshish Puntambekar
This is the concept document for India's largest education project. It is also the worlds largest and most sophisticated education project based on innovative financing.
This is a 7 MB file with 148 pages of new ideas . Please allow a few minutes for download. It is worth it
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Cultivating and maintaining discipline within teams is a critical differentiator for successful organisations.
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In this deck, you will learn the significance of workplace discipline for organisational success. You’ll also learn
• Four (4) workplace discipline methods you should consider
• The best and most practical approach to implementing workplace discipline.
• Three (3) key tips to maintain a disciplined workplace.
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1. Jan Lokpal Bill
Economic Analysis & National Defence Impact Assessment
By : Ashish Puntambekar
The Nataraja Foundation, Mumbai
In every major democracy around the world, people look at the
economic impact of any new legislation very seriously and a
significant part of the public debate is about the socio-economic
effects of any proposed law.
The surprising thing about the Jan Lokpal Bill and the entire
debate around it, is that no one including people from the Anna
Hazare team have said anything about the huge Economic
Windfall that will accrue to India if the bill becomes law …
essentially on account of the transparency that it brings into
Government and all other transactions.
The truth is that if the Jan Lokpal Bill is passed by Parliament, Indian
GDP will almost triple from US $ 1.8 Trillion currently, to US $ 4.5
Trillion by 2025.
The fact that no one has looked at this aspect, or quantified the
economic benefits of the proposed Jan lokpal legislation , points to
a big lacuna in our thinking.
There is therefore a clear need to move beyond the emotional issues
that surround the debate today ( Inclusion of PM, Communal Angle
etc ) and look instead at the hard numbers in terms of expected
economic and other benefits of a strong lokpal institution.
This paper examines the economic and national defence benefits that
the Jan Lokpal Bill will deliver to the nation. The main argument here
is that a tough lokpal law will bring about a major change in the
investment climate in India through transparent decision making at all
levels of government . This new transparency will then facilitate the
following macro impacts over the next 15 years :
A. Strong Lokpal Institution… Economic Windfall …in Brief
1. FDI flows into India will triple from 2011 levels to exceed US
$ 75 Billion by 2016 as a result of increased investor
confidence in the Indian Economy.
2. 2. Clarity in policy and less corruption will catalyze the forecasted
Goldman Sachs investment estimate of US $ 1.7 Trillion in the
Infrastructure sector in India … Investment multiplier impact of this
investment could be of the order of US $ 5.1 Trillion by 2025. The
Lokpal Institution will thus help create approximately 60 Million
new jobs in India as the huge Infrastructure rollout happens.
( Please refer Annexure 1, for the employment Impact Calculation )
3. India whose investment image has been badly hit as a result of
the CWG and 2 G scams will resume an 8.5 % plus growth rate
and sustain this over the next 15 years .
This will enable India to become a US $ 4.5 Trillion Economy by
2025. The estimate does not include the huge positive impact if
existing tax revenues are employed properly. Currently a very
significant part of taxpayer money is getting eaten away by corrupt
officials. I have not included this huge impact in my analysis.
Detailed Analysis of Economic Benefits Due To A Strong Lokpal
1. Jan Lokpal Bill as an FDI Catalyst
A strong Lokpal will catalyze a three fold increase in Foreign Direct Investment
( FDI ) as early as 2016...Equity FDI may go from US $ 25.834 Billion (Financial
year 2009 -10) … to US $ 75 Billion .
This will be a dramatic acceleration brought about , in the main by greater
transparency in government decisions.
For the record the following is the Govt. data on Equity FDI into India in the
recent past.
Year Equity FDI ( US $ Billion )
2005 – 2006 5.540
2006 – 2007 12.492
2007 – 2008 24.575
2008 – 2009 27.330
2009 – 2010 25.834
2010 – 2011 Data not available
Source : Govt of India, Ministry of Commerce website
3. Given the above track record in FDI , my personal forecast of the Anna Hazare
Effect “ Jan Lokpal Bill ”on future Equity FDI inflows into India is as follows :
Year Equity FDI ( US $ Billion )
2012 – 2013 35.00
2013 – 2014 45.00
2014 – 2015 60.00
2015 – 2016 75.00
Source : Forecast by , The Nataraja Foundation … The Indian Education Megaproject
http://www.nataraja.org.in/masseducationproject.htm
The main problem that I see with these huge FDI flows after the passage of a
strong Lokpal Bill is that India’s currency ( The Rupee ) will strengthen
considerably. There may be a need then for the RBI and the Government to
manage this problem of plenty by allowing some sort of Barter trade when it
comes to FDI. Specifically in Infrastructure , the Govt may allow companies and
foreign investors to bring in their equity contribution in Projects by supplying
Cement and Steel in lieu of cash equity … thereby reducing upward pressure on
the Rupee.
Apart from this upward pressure on the Rupee, the Lokpal Bill will be great for
FDI into India.
2. Jan Lokpal Bill as a Domestic Investment / GDP Catalyst
Anna Hazare’s Jan Lokpal Bill will also help catalyze Investment in Infrastructure
in India. This is because, with the current and huge corruption, most Indians are
also afraid to Invest in small projects and businesses.
Therefore if the Jan Lokpal bill becomes law, Investment, mostly domestic
( Please note that I am not counting FDI here ) could reach US $ 1.7 Trillion by
2018…This is an estimate by Goldman Sachs and it will materialize only if we
have good governance. This money will never come out of peoples pockets if
Scams such as CWG / 2 G continue.
To make these large investments materialize, it is extremely important that the
lower bureaucracy ( in government departments ) and the lower Judiciary at
the district and state levels come under the investigative umbrella of the Lokpal.
This is important as 95 % of the economy is at this lower level. The current
attention on the Prime Minister and the Supreme Court in my view is not the main
issue in the Lokpal debate.
4. In my view the net Investment multiplier impact of this US $ 1.7 Trillion
investment in Infrastructure will be of the order of US $ 5.1 Trillion by
2020 … as the investment in Infrastructure will have huge catalytic impact on the
growth of other industries in India.
The Anna Hazare movement will thus help create in excess of 60 Million new
Jobs ( Please refer Annexure 1 ).
The Following are Indian GDP & Infrastructure Investment estimates by leading
global organizations :
GDP Projections ( US $ Trillion )
2025 2050
1. BRIC Report ( Goldman Sachs ) 3.17 27.80
2. McKinsey & Co. 4.01 -
3. Indian Education Megaproject ( Assumed ) 4.50 -
Infrastructure Investment Projections ( US $ Trillion )
1. Goldman Sachs ( Next 10 years ) 1.7
2. Indian Planning Commission ( XI th 5 year Plan ) 0.5
Source : BRIC Report ( Goldman Sachs ), McKinsey & Co. Indian Planning Commission
The above, in brief summarizes my view on the Indian Economy if Anna
Hazare and his team succeed in getting the Govt to table the original Jan
Lokpal Bill in Parliament or amending the one they recently passed. If they fail
and the Govt Succeeds in steamrolling / passing its own version of the bill
in the Rajya Sabha ( the toothless lokpal bill , passed by the Lok Sabha ), the
above forecasted growth in GDP will not materialize.
In short, if the Govt. version of the bill is passed, it will do immense harm to
the Indian Economy and the 60 Million people who today may get jobs due to
new investments…will remain jobless … creating huge demographic problems by
2025, by which time the 300 Million young people forecasted by the census enter
the working age and do not find jobs. No one is currently talking of this
demographic nightmare that will happen in India by 2018. Already in 2012, the
first 3 % of this multitude has entered the market and there are no jobs for them.
Certain vested interests are saying that the Lokpal Institution will create a
bureaucracy of 50,000 – 60,000 officials. These same people are not telling the
country that simultaneously the Lokpal institution will facilitate 60,000,000 Jobs.
What is the cost – benefit debate in this ? Its very clear.
5. Further, any perceived threat from the Lokpal Bill need not materialize if certain
Security related decisions of the Executive and the functioning of the higher
Judiciary are kept out of the perview of the Lokpal . In fact the Times
of India had come out with an excellent comparison of the Govt Bill and the
Hazare team’s bill and had even put in a third column of its own ( The Times of
India version of the Lokpal Bill ... which in my view was very very good as
it ensured that the Lokpal's power was checked through a proper process
of selection and with a proper procedure for appointment and dismissal of lokpal
officials ) ... those interested may please refer to the TOI website.
B. National Security Impact Of The Jan Lokpal Bill
One of the major arguments against the Jan Lokpal bill is that it will
damage India’s security interests.
Actually, just the opposite is true. After the latest Bombshell dropped
by the Army Chief Gen VK Singh, regarding the scams in equipment
procurement ( TATRA Turck Deal ) and the fact that most of the
equipment with our Armed Forces is Obsolete ( 97 % Of the Indian
Air Forces Aircraft ), it makes sense to have a strong LOKPAL
Institution so that scams do not take place in the Procurement of
Military Equipment, that is so necessary for the security of our
country.
Specifically the Lokpal will ensure :
1. Greater transparency in defence deals and procurement
procedures as a result of a strong Lokpal. This will result in timely
acquisition of equipment and spares for the armed forces which
have been neglected for the last 15 – 20 years
2. Within an economy of US $ 4.5 Trillion that India will be by 2025,
the size of the Indian Navy will triple as will the size of the Indian
Air force. The Indian army will also be mordernized to be a leaner
and more effective organization. This will be following the global
standard in advanced nations where the Navy and Air Force are
the major arms. In India, currently the opposite is true and our land
based forces are the biggest of the three.
The key issue here is that the above mordernization of the armed
forces will not materialize unless corruption is dealt with first.
6. The recent experience with the 2G and CWG scams and the loot that
has been going on in India with the active participation of
government functionaries provides little confidence that an 8.5 %
GDP growth rate will be achievable and sustained without an
effective anti - corruption organization. The Lokpal bill is therefore
“ THE BILL “ which will facilitate development in all spheres.
It needs to be understood that the Lokpal is not a cure for 100 % of
the vast corruption problem that plagues India , but it will be an
important deterrent. Secondly , it is also important to understand that
immediately after the Lokpal bill is passed into law, there will be a
period of considerable turmoil as the system tries to clean itself up.
There will also be a big need to simplify laws and procedures relating
to commerce.
C. Achieving A Quantum Leap in Mindsets
A strong lokpal institution will dramatically cut transaction costs for
businesses in India and the resulting transparency will create
immense opportunities for small businesses and for entrepreneurs
right from the village level to the cities.
The Lokpal institution will facilitate an environment where
Megaprojects in Education, Healthcare and Urban development can
actually materialize as the leakage of funds can be reduced with
nearly all of the money actually reaching the poor in cities and towns
as well as in our remote villages. Improved utilization of existing tax
revenues is another major impact which I have not included in my
analysis.
If Anna’s team fails and the Govt succeeds in steamrolling its own
toothless version of the bill in the Rajya Sabha as well, the
above forecasted growth in GDP will not materialize. In fact , if the
Govt. version of the bill is passed, it will do immense harm to the
Indian Economy and the 60 Million people who today may get jobs
due to new investments…will remain jobless … creating huge
demographic problems by 2025.
Anna Hazare’s team will do well to include some of the Economic
Rationale presented above to support their argument for a Strong
Lokpal Institution. The Lokpal Institution will greatly facilitate the
7. Tripling of Indian GDP to US $ 4.5 Trillion by 2025. This in fact is the
most important argument in its favour.
Finally, it would be artless for the political class to think that the
Lokpal issue will go away. In fact , given the response to team Anna’s
movement , in the event the Jan Lok Pal Bill is defeated in Parliament
( because many MP’s have criminal records ), the people who are the
sovereign , may actually demand a national referendum on the
Lokpal issue. It may be noted here that the Indian constitution does
not say anything against a National Referendum. A referendum on
the Lokpal bill however , is not a good thing as some of the clauses
in the Jan Lokpal Bill undermine our democratic system and therefore
need to be removed. A referendum on the Lokpal bill will also mean
that Parliament has abdicated responsibility. It is therefore the duty of
the opposition to act and resolve the stalemate.
– Concluded –
Ashish Puntambekar
Project Designer
The Nataraja Foundation
www.nataraja.org.in
The Indian Education Megaproject … High Quality Education to 126 Million Children …
Totally Free of Cost
& The Mumbai Megaproject … Transforming Mumbai by 2025
8. Annexure 1
Job Creation Potential of The Jan Lokpal Bill
Assumption : This analysis assumes that the current decline in Economic Growth
Parameters is essentially the result of bad governance and the huge Corruption at
every level of Government in India.
The Analysis also assumes that if Corruption in Reduced and Governance /
Transparency is improved, the entire forecast of Potential Investments in India will be
realized. Lastly it needs to be mentioned that even Indian Citizens are not investing
because of Corruption and bad Governance. Any Potential FDI is a small part therefore
of the Total Investment that will happen as a result of the Jan Lokpal Bill becoming Law.
Calculation Of Employment Potential
Sample Project Size : US $ 11 Billion / Rs 50,000 Crores ( Actual Project )
As in a Large Capital Investment Project such as a
Refinery / ( Power Plant + Port ) Project
Actual Employment
Generated At Site : 80,000 Construction Labour employed … for 3 Years
Indirect Employment : 2,40,000 People … in Supporting Ancillary Industries
and Service Businesses in India…excluding Overseas
Employment ( Equipment Suppliers etc )… the project
Considered has a 40 % imported Equipment Component.
Total Employment : 3,20,000 People … For Three Years ( In India )
Potential Investment in India … US $ 1.7 Trillion … In Infrastructure Alone
( Source : Goldman Sachs )
To simplify the calculation, I am assuming that the above investment occurs in US $ 500
Billion Clips and we do this 3.5 times … for 10.5 years.
Total Employment Generated by a US $ 500 Billion Investment … Once every 3 Years
and continuing for a full period for 10.5 Years in all.
Employment Generated = 500 X 3,20,000 = 14.54 Million
11
These Employment Numbers are Valid For a Large Industrial Project and are directly and In-
Directly concerned with the project itself. The Investment Multiplier impact of such projects on
the economy will be a Factor of “ 3 ”. Net Employment Generated within the Economy will
therefore be = 14.54 X 3 = 43.63 Million
For Social Infrastructure Projects ( Education, Hospitals Etc ) … The Potential Employment
Generated will be much more and have an investment Multiplier Impact of between “ 4 ” and
“ 5 ” … Additional employment generated will therefore be anywhere between 58 Million and
72 Million People in India … by 2025 due, directly to the Lokpal Bill Becoming Law.
The Healthcare Industry itself is capable of employing 45 Million Additional People. This can
be verified from Independent Sources.