Shri Amitabh Kant ( CEO-NITI Aayog ) is a born innovator !
To promote digital payments , recently he
announced following schemes :
*
Digi-dhan Vyapar Yojana ,
and * Lucky Grahak Yojana
Both schemes will give out prizes /
awards to Vyaparis and Grahaks , who accept / make, a DIGITAL payment
Following are the highlights :
*
Total Estimated Cost : Rs 340
crore
*
Focus : Poor / Middle class citizens ( Grahaks ) /
Small Businesses
( Vyapari )
*
For Transactions : Between Rs 50 to Rs
3,000
*
First Draw : 25 Dec 2016
*
Last Mega Draw : 14 April 2017
For Consumers :
Rs 100 L / Rs 50 L / Rs 25 L
For
Merchants : Rs 50 L / Rs
25 L / Rs 5 L
* Transaction Types : Only UPI / USSD /
AEPS / RuPay cards ( Private Credit
Cards / private
* LUCKY GRAHAK YOJANA :
Daily Draws :
15,000
winners * 100 days * Rs 1000 each ( Total : 15 lakh persons / Rs 150
Crore )
Weekly Draws :
16 weeks * 7000 Grahaks * ( Rs 1 L / Rs 10,000 / Rs 5,000 )
* DIGI-DHAN VYAPARI YOJANA
Weekly Draws
16 weeks * 7000 Merchants ( ? ) * ( Rs 50,000 each / Total Cost.....
?
GOOD
NEWS :
As suggested in my following blog / email , private cards /
wallets have been KEPT OUT !
{ http://myblogepage.blogspot.com/2016/12/conspiracy-of-cards.html }
BAD
NEWS :
No of Digital Transactions on 08 Dec ( in one day ) :
* E Wallets.......... 270
lakhs ( practically , all PRIVATE /
INELIGIBLE )
* RuPay .............. 16 lakhs ( 1600 lakh in 100 days ? )
* UPI / AEPS........ 0.48 lakhs ( 48 lakh in 100 days ? )
It appears that , over the next 100 days
, out of ( potentially ) 2000 lakh Grahaks who will carry out DIGITAL PAYMENTS
using RuPay / UPI-AEPS , barely 15 lakh ( less than 1 % ) , will win prizes , totaling
( possibly ) , Rs 200 crore ( average of Rs 1,333 per winner )
That translates to :
In Daily Draw, by spending Rs 1500 ( ave
of Rs 50 - 3000 ) , you get a 1 chance in 100 ( 15000 out of 16 lakh ) to win Rs 1,333/- ! 99 % OF THE
GRAHAKS , WILL WIN NOTHING !
In Weekly Draw , By spending same amount (
Ave of Rs 1500 ) , you get 1 CHANCE IN 112 LAKH
TRANSACTIONS ( 16 lakh transactions / day* 7 days ) ,
to win Rs 1 lakh !
But then , of course , all LOTTERY SCHEMES work this way , with a very
SLIM CHANCE of winning . It is always a " LONG SHOT / LOW PROBABILITY
" of winning
Now I submit the following suggestion for consideration
by Shri Narendra
Modi-ji
:
* The
average value of a transaction is Rs 1,500 ( ave of Rs 50 - 3000 )
* Government collects 15 % tax on
each transaction ie : Rs 225 per transaction
* Let
Government declare :
Out
of this tax amount of Rs 225 , we will deposit into an automatically
created DPF (
of tax collected )
Of course , actual amount to be deposited into DPF will vary from case
to
case
IMPACT
:
* With each and every digital payment , user's DPF account grows , providing a
POST
* Unlike PPF , withdrawals from DPF , will be taxed at a moderate 5 % rate
*
This will motivate 100 % users to use digital payments and benefit ,
instead
of just 1 %
* Within
12 months , we would have created 800 million DPF accounts, as
against 200
*
Government can invest DPF corpus into Infrastructure SPVs to generate jobs
*
BJP will win all 5 upcoming State Elections with a whooping majority -
without
SC / EC
Dear Narendrabhai :
In the forthcoming Union Budget on Feb 01 , I urge you
to introduce my suggestion of :
DIGITAL
PROVIDENT FUND ( DPF ) , which will , popularly
come to be known as ,
NDA Inc's " 10 % of Tax "
CASH BACK SCHEME !
-----------------------------------------------------------------------------------------
17 Dec 2016
www.hemenparekh.in / blogs
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