Sunday, June 28, 2009

UNVEIL SOVEREIGN WEALTH FUND

THIS BUDGET I WISH IT SHOULD HAVE A PROPOSAL TO SET UP A SOVEREIGN WEALTH FUND TO INVEST IN LONG GESTATION AND VENTURECAPITAL FINANCE TO THE STARTUPS IN NEO SOLAR POWER PLANTS/RENWABLE ENERGY SOURCES, ULTRA/ MEGA/ MULTI INFRASTRUCTURE AND  INDUSTRIES IN INDIA, WHICH THESE PRIVATE SECTORS ILL AFFORD TO THINK OF.I BELEIVE THAT THE ABOVE SOVEREIGN WEALTH FUND WILL PROVIDE.HEADROOM ALSO FOR JOB CREATION AND JOB CONSERVATION AND JOB SECURITY.    FOR THIS I SUGGEST THAT THE GOVERNMENT CAN LEVY A SWF1 RE STAMPS ON ALL BILLS RECEIPTS, OF MERCAHANDISEAND TRANSPORTS, BANK CHALLANSAND VOUCHERS, TICKETS, TOKENS, CARDS, UTILITY BILLS, LEGAL AND REVENUE PETTITIONS, TAX FORMS AND APPLICATIONS.. THE SAID STAMP LEVY SHOULD COVER NOT ONLY THE ORGANISED BUT SHOULD EXTEND TO THE UNORGANISED AND ALL OPERATIONAL LEVELS.  LIKE IN TEA COFFEEAND LIQUOR PARLOURS PDS SHOPS , CYCLE, SCOOTER STANDS, CAR PARKING LOTS MARKET VENDORS.  HOTELS, LODGE,AIR,RAILWAY,BOAT,, BUS TICKETS, TAXI, AND AUTO FARES CHALLANS,  IT CAN BE EASILY COLLECTED IN  HALL,THEATRE TICKETS,AND  AT ALL PETROL BUNKS, HOTELS, LODGING, WHERE BILLS ARE PRINTED. EVEN AT CONSTRUCTION SITE STAMP LEVY  CAN BE MADE ON THE VOUCHERS. ALL GOVT QUASI GOVT OFFICES CHALLANS, FORMS, PETTITIONS, PERMITS, ORDERS,ALL POSTAL AND COURIER PARCELS AND COVERS.  ALTHOUGH THIS ONE RUPEE STAMP FEE SEEM TO BE VERY LOW CHEAP AND FEEBLE THE LONG TERM COMPOUNDING GENERATION,  CONTINUANCE AND POURING AMOUNT WILL BE ENORMOUS IN FUTURE AND SUFFICIENT AVENUE WHEN INVESTMENTS STARTS TO GIVE ITS DUE RETURN.   BY THIS WAY WE COULD AVOID THE SHOCKS OF GLOBALISATION, WHERE HIPPOCRATIC HOT MONEY COMES CHASING AND SUDDENLY DREAR AND CHOKE ALL ITS CONSTITUENT AND MISPLANED INVESTORS.  ALL THE DEVELOPMENTS AND PLANTS AND PLAN NEED NOT WAIT TILL THESE OPPORTUNISTIC SHORT TERM HIIPOCRATES. COMES  BACK.  I TRUELY AND  FIRMLY BELIVE IF THIS SOVEREIGN WEALTH FUND IS INSTITUTED IT WILL PROVIDE THE LONG LASTING JOB CREATION, JOB SECURITY, AND WELFARE O FTHE FUTURE JOB SEEKERS.  OUR FM IS GENIUS, WISE,.CAPABLE TO MAKE THIS HAPPEN. ...


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