26 November 2017

Why Digital India is Struggling Today?

Lot of Articles but this headline quiet something different compare to regular “Breaking News”   Urgent Prime Minister of India Called at 10 pm ]   [ Ctrl+ Click on Link ].

Urgency of Economy has reached such a slowdown that under current circumstances thought of stimulating a conversation that is running overdue   , something this sort is “need of hour” where caller on the other end should be a “Corporate CEOs/Board of Directors/Founders/Chairman/”.

Let’s assess a theatrical interaction of something going between them  !

v  “ Sir  , Are we speaking to CEO of “xyzDigital Inc” ? à Caller from PMO
o   “Yes  à CEO told
v  Sir   , We apologize to call such late night but Prime Minister of India wants to converse in matters that need urgent attention. à Caller from PMO
o   “Oh , That’s Surprising , Will be glad“  à CEO with bit freezing tone i.e. of course…

After few Beeps   ,  line got transferred to “Sri Narendra Damodar Das Modi” , then he Spoke

 “Mr.CEO  , Thanks Joining , here Mr.FM along in Conference  after marathon cabinet meeting…

v  We are monitoring economy past some weeks and quiet worried about Mass layoff, Unemployment, Slow Investments, Inflation …..Taking very serious note of this downward spiral, We are now calling from large employers to Startups starting here today, Can you present small concise facts  , though we already got latest data through Economic Intelligence Wings .. à @PM

o   Dear Mr.Modi  , Let me talk about unemployment , mass layoffs first .. à CEO… thinking it may pinch but honest and direct talk is better

We are global Blue-chip Technology Company making profits by employing highly skilled Professionals but we are going through tough time due to reason below  à
                                           
a)    Employees they themselves cannot bear high Cost of Advanced Technology required to upgrade skills  , which is making them redundant in face of massive technology advancements as well Robotics.
b)   NSR   (   Skill  Registry ) is a defunct service without any mandatory private sector Employee service record management similar to UPSC or Administrative Services of India , We are spending hugely on background checks (BGV).
c)    Fresher’s coming out of campuses mostly need further investment from my company as Indian Education system based on theoretical study without any “Hands-On” exposure.
d)    Government yet to facilitate officially a “National Integrated Employment Commission”  similar to CCI which will help us to recruit across industry like Manufacturing , Agro Products , Education as well support IT employees movement from one Industry to Other.
e)    This is a high time where Government Constitute a committee to prescribe “Criteria based salary structure in absence of standard regulation” in discussion with NAASCOM to bring parity among competitive industries.

·         Why your Company is not investing and employing more   , Can you explain? à @PM

v  Dear Mr.Modi   , Let me talk about slow investment here   . à CEO

We need to see profit on every opportunity but currently we do see difficult circumstance to realize Revenue as Tax Regime is changing, just want to talk about one untapped sector that has substantial continuous demand but primitive to technology

a)    India from centuries primarily based on Agriculture and its products but that is today most neglected though in terms of implementing Digital Technologies to increase either harvest or distribution to benefit Farmers i.e. End users
b)   Investment “On Field or Real Time Analysis” of “Software as a Service” in Harvesting or Distribution of Grain , Fruits and Vegetables is a RISK , which need GOI support and investment.

v  If requested where GOI need to fund and how  , so more young ( 26 to 40 year ) people either can create small enterprises or can be employed  à @PM

o   Dear Mr. Modi   , Let me talk about necessary new GOI schemes.. à CEO

a)   “Statutory Unemployment Wages” i.e. 50% of Basic pay must be enacted through “Act of Parliament” for Salaried Tax payers of minimum 3 years.
b)   Government urgently need to distribute “Certification Vouchers” on subscription basis to Private Sector Employees i.e. a scheme should be launched.
c)    Platform like “Swayam” should be completely “free of cost” to even appear Certification exams at least another 3 years.
d)    GOI nodal agency as “Angel Investor” up to 5 lakhs on Ideas “post due Scrutiny” is must to self-start a Start-up.
e)   A bill to guide “Act of Private Sector Employment Service Progression” under a Nodal agency like NAASCOM , CII or establishment of NICE with a goal to create “One Work for One Person

v  What can GOI do to decrease price   , same time make more people employed?   à @PM

o   Dear Mr.Modi  , Let me talk about inflations here .. à CEO

a)    Once a Person unemployed from Private Sector both “Organized or Non Organized” , then in India there is no mechanism to track or re-employ which need more P-P-P GOI schemes through under establishment under “Act of Parliament”
b)   GOI need to provide 50% funding on Education and Medical Consultation including Hospitalization for Tax Payers in Tier-I   , Tier-II Cities to increase purchasing power of Households or Families.
c)    Speedy implementation of “Act of Insolvency for Individuals” to get legal protection from Banks Or NBFC in case of Unemployment , Personal Losses which even necessary to survive in case of  “Losses occurring due to Start-up Failures”
d)    Uniform Rent Control Act to regulate Rentals in Urban areas Or to control stiff increase in Rents in Tier-I   , Tier-II Cities
e)    Urgent Bureaucratic reforms including reemploying Highly Experienced Private Sector Employees under Lateral Contractual Service up to 3 years in Indian Administration to expedite Government schemes will boost both Economy as well Employment.

@PM –  Mr CEO ,Seems an eye opener talk as Job Creation is extreme stagnant even if good ratings  provided by rating agency.


CEO –   Sir  , Ground execution will be key to transformation which need expedite GOI interventions.

Doers.....

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