Reducing Rentals

Mission statement: Reducing Rentals everywhere by at least 75% and housing for all by end of 2021 without any investment or need for any supervision or subsidies. This will also help in providing nutritional food and great clothing by increasing the purchasing power of people and enabling them to earn more.

Objective: To shift the ~100+ lakh crore purchasing power every year to common people, without taking any public debt. This will speed up the rotation of money by 4x and make India a spending economy for quick growth. The rotation of money will improve the GDP of the country by at least 4x and will enable exponential growth.

Root-causes Reduction in interest rates is increasing inflation and helping the rich and impacting the poor people. High taxation is also helping again the rich people, indirectly. People are becoming more greedy to hoard more wealth and are investing in land and properties to get big returns. High rentals - give undue advantage to rich people to gain market leadership. Middle to lower class people lack purchasing power and the disparity of income is very high. By paying high rentals common people do not get good quality education, healthcare, food, clothing, and shelter. Even if the person earns 30k INR per month, ~30% of it goes into rentals and interest/loan payments. In India, around 80% of families do not earn more than 30k per month. People who earn more than 30k are also not able to afford homes, due to unstable income and lack of savings. Rentals and interest-based earnings - do not help anyone. Hoarding excess property is a crime - it will help others to get low-cost accommodation.

Mandatory Development of affordable ultra-luxury multistoried(20+) flats/gated communities with greenery in villages/small towns, with world's best facilities and amenities. In villages, we hardly see a 10 storied building. Special development assistance/facilities/technology for the construction of 4 storied buildings in every village and town. More than ~80% of the buildings in the country are having below or equal to G+1 construction only. This will help in better utilization of land and prevent only cities to grow. We will see vacancy in cities and fall in prices of old flats with basic facilities. Govt will not be required to construct anything. This will boost the economy and provide inspiration to earn more, this will automatically control population also, as the standard of living will increase in small villages/towns also. This will boost the IT sector and industries in small towns/villages. This will automatically bring 100% Matured literacy in the next 5 years. Govt can enable people to get better employment/business opportunities who are honest and hardworking. This process will lead to fall in rentals - people will be able to occupy homes without any govt subsidy and pay the rent with their earnings.

'''Everyone knows that the person who has got rental income has got excess property and is impacting society at large. If we collect the data of people who are earning from rentals or apply the Pareto principle, it will be around ~20% of the population, which is impacting the 80%'''

Uolutions to reduce rentals (-6) Promote Village development projects and attract people from urban cities to villages by providing them better state of the art facilities in villages by constructing mega high rise sustainable buildings - with zero wastage of water, total greenery, free cooking gas, free renewable power supply, free fuel to travel within the village, no need of vehicles, best supply chain management, easy travel facilities outside the village, reduces the necessity to construct roads by promoting air/rail travel. This will give more time for people to enjoy their life as well, promote ecological prosperity and provide more land for agroforesty. (-5) Promote multi-storied buildings everywhere by having a mandatory law to have buildings of at least 4 floors everywhere. Today, we see a lot of independent homes which are like villas or independent houses - By making zero water wastage and conservation along with having water meters and no water toilets - we can use the existing spaces properly. Promote the sale of terrace plots to increase the potential of constructing highrise buildings - this gives more benefits to existing owners of the apartments as well. The cost of construction decreases with high-rise buildings significantly. In Developed countries we see more independent houses and very high rentals - during this covid time the governments can construct high rise buildings to provide releif to rent payers to own their property. (-4) Construct low-cost high-rise buildings with UolWE technology(watch raft structure -https://www.youtube.com/watch?v=lSekB5EaSD8) which can help in elevating even 30 story buildings without digging the earth at a very low cost. The moment the supply of 20% small and beautiful homes at affordable prices increase - the rentals will fall by 80%. In these low-cost homes - if we provide mechanisms to earn more than the investment by providing them free electricity, fuel, and cooking gas that will further bring down the rentals of buildings that do not provide these facilities. This will save 8 lakh crore worth of oil imports in the long run, savings of almost 10 lakh crore of spend on electricity and around savings of 3 lakh crore cooking gas spending. All these savings will improve the purchasing power of people - these savings are recurring every year. Promote merged living or paying guests - this helps in getting good company and earning while paying low rentals. Most of the people spend max-time outside their houses - most of the people have 2bhk or 3bhk flats - when multiple families start living together - this will save cost of everything. (-3) Hotel type apartments will require lesser space and more families can live together with more facilities - One room(500 sft big/300sft small) with bathroom(8*9 sft) along with star rating (one star to seven star) - the room can be made living room in the morning and bedroom in the evening or even can be divided as well along with innovative multiuse furniture - rest all the facilities will be common for everyone - like food, playroom, garden, gym, extracurricular activities, function hall, guest house...etc This will be a new uolution in living where both husband and wife can work easily and spend their time in other productive activities and improve the income also. This will reduce the cost of owning a house very drastically and also provide more employment opportunities. This will automatically promote smaller families as well - a direct impact on population control also. With collective contribution - food and the rest of the other expenses can be managed in a more efficient way as well. (-2) The slurry of gobar gas will be fertilizer and this will eliminate the need for fertilizers and promote greenery all around - this will reduce the need to have AC's which in turn will reduce chloro-fluoro carbons also. (-1) By utilizing all the waste material for fuel and banning all the plastic materials for packaging will boost the overall fuel production and automatically reduce garbage and bring about "Susamkarshak Bharat" without spending anything or investing anything. (0) Ban the use of all currencies including 200 denominations and above to convert them into digital format - this will result in almost 80% of the currency in digital mode and we can develop innovative solutions to track the flow of payments and transactions very easily. (1) Encourage people to buy online using people's democratic commerce platforms which will provide more value to sellers and buyers as well. Excess profits will help in providing affordable education. It will also provide more employment opportunities for managing supply chain management and reduce traffic congestion on roads along with saving time and effort of people. (2) High taxes in City and big towns of a population more than 50 lakhs and no taxes in villages and towns, this will automatically make people to move to small villages and towns. (3) Spread out all the government and major headquarters of all institutions in the most backward villages of the country. Private entities will also follow it to show their patriotism(not fake) and sustain their business with lower costs in smaller towns. (4) Heads of all the government and elite institutions will be required to operate from the smallest villages, as a mandatory guideline and law. Every place will be the capital of the country or globe in the future for promoting all-round development. (5) Huge marketing and camps on the importance of garbh sanskar, parenting, education and family planning - this will give benefits to everyone. (6) Lower interest loans of ~2% to 3% and upper cap on maximum land/property holdings will ensure that people do not misutilize lower interest rates to hoard more property. (7) Laws to reduce 25% interest on all existing fixed deposits and reduction of repo rates by 50% (8) Promote work from homes to reduce office space in cities. This saves office costs, travel time and provides work/life balance. (9) Market the cost of property rentals in the products when compared to buying on footpaths or on online stores. Example: A shirt in the showroom will cost 1000 and the same shirt on the footpath will cost 500. This will automatically make consumers to buy from smaller or distant shops were rentals are lesser. (10) Minimum salaries act which will make people to pay at least 15k per month for any kind of service. As everyone will be required to pay, the focus will be on reducing rentals to sustain in the market. (11) Model nano cities with more features and amenities than bigger cities/towns. Create plans for entertainment, fun, tourism, parks, hotels, hospitals, good schools...etc entities and all other amenities/infra in-between smaller villages on an entrepreneurial model. This will attract people to stay in smaller villages when compared to cities - when people have the purchasing power they will be able to spend. (12) Showcase more value in smaller homes - create innovative furniture and systems which maximize space utilization. The benefits of living in smaller homes without lesser taxes and big massive property taxes for bigger homes will automatically lead to the creation of smaller homes. (13) Promoting the construction of g+4 storied buildings even in the remotest villages. Bringing new advanced technologies which will save more than 50% time and money in construction. (14) Conceptualize and Promote zero plus wireless ecological homes, which will provide more value to people and help people to move in smaller villages with more advantages and savings in fuel, electricity, AC, travel and cooking costs. New homes will offer more facilities, automations and services which are missing in cities today. (15) Promote agriculture with square feet based earning (a trademark of UolWE) to maximize the output and give more value to the farmers. Promote agricultural entrepreneurs. (16) Promote Conversion of all the offices/Institutes in cities into houses and sell it off at attractive interest rates. The process should get started. (17) Make buying and selling of properties very easy similar to daily groceries or vegetables. (18) Saving at every earning concept, to ensure that people can save to buy properties in near distant future (a trademark of UolWE) (19) End to end transportation facility - suppose from a village, if someone has to travel to Washington. Along with the flight ticket - they will be able to book all the other intermediary modes of transport as they like - till the destination. It may not be possible in other countries - however, once started it will automatically catch up. (20) Create weekly billing and salary cycles for everyone. This will be the biggest innovation for improving the circulation of money even faster. In USA paychecks are provided in 15 days. This will increase the efficiency as well and help organizations to have a weekly review as well. (21) Eliminate income tax for everyone. (22) Mandatory open green spaces between buildings to give a taste of living in lap of nature. Showcasing the financial benefits of planting more trees. (23) Promoting more regional and cultural activities which were missed in bigger towns and cities - feeling connected with eachother and enjoying life like never before. (24) Finally, digitizing all the properties and create a robust platform for rental payments, buying and selling of properties. Rental act and severe penalties for non-complying with it. (25) Foreign nationals should not be allowed to buy properties in india for next 3 years as a precautionary measure - to avoid any misuse. India had already allowed britishers to do business and we had a bad experience and we should learn from it. Any indirect funding should be throughly scruntinised and severe punishment for such activites should be recommonded. (26) Partnership in profits model - outcome-based payout instead of fixed salaries to promote more agility and dynamism in society. (27) Finally, eliminating parking spaces for 4 wheelers in all commercial, NGO, trust, and government buildings - this will free up almost 20% parking space - which can be used for more productive purpose and this will reduce the need to build flyovers and bridges + plus it will give more employment opportunities to drivers and utilization of dormant vehicles in parking areas. This will also reduce traffic congestion and reduction of vehicle purchases to stop further crowding and other complicated issues. The benefits are exponentially and some of the few are as under (0) Reduce disparity of income and encourage people to work for earning. (1) Just reducing rentals will infuse the purchasing power of more than 60lakh crores every year in India (2) This will help the government also to save huge money for paying interest(reduction of 25% interest) to the public on loans and fasten the repayment of public debt. (3) This will help people to pay minimum salaries and encourage supply chain management to create more employment opportunities. (4) Promote new startups and help create 10 million new products/service offerings. (5) This will promote investments in infra by more than 200 lakh crores on an enterprise model (6) This will indirectly help in clearing all the debts of the government in the long term. (7) This will exponentially increase employment opportunties (8) This will devalue other foreign currencies and revalue Indian rupee. The US developers earn a little over $109,000 every year. In India, the average salary of developers is little over $38,000. The global salary for developers is $54,491, with developers in the US and Europe earning considerably more. Same purchasing power across all the countries will slowly bring down the currency exchange gap and eliminate the variation in pay across countries. This will benefit MNC's as well. (9) Automatically build pressure to eliminate taxes in the near future and make the government to think about earning its own revenue with the new setup. (10) Creation of new efficient and world-class PSU companies (11) Provide more funds for families for better education and this will lead to a reduction in population (12) Reduce the need for infra projects and build/invest in infra basis enterprise model (13) Attract FDI, improve exports and outsourcing projects from international markets at a very big rate. (14) This will result in the global collapse of the real estate market in the world and reduce the disparity of income. People will not think of hoarding more property in future. (15) It will promote ecological blance and help more greenery everywhere or to say will increase forest cover. (16) People moving into smaller villages will have health benefits and will be able to live in a pollution-free and calmer environment. Saving of healthcare costs and enjoying the luxury of nature will be priceless. (17) No need to have four-wheelers or personnel transportation by providing enhanced public utility transportation and on-demand efficient aao(आओ)- a end to end transportation model(a trademark of UolWE). This will eliminate the cost of buying vehicles and promote more employment opportunities.


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FAQ
Today no one wants to reduce rentals and why will anyone follow any law to reduce their income? We are not asking anyone to reduce rentals, in some time they will not even get low rentals as well. Once the supply of small, innovative, green, no waste, and fuel-saving houses at very affordable prices become available to common people everywhere. The property prices will come down and this cycle of lower rents and reducing property prices - will automatically bring down the rentals very fast automatically. Adding to these low-interest rates will make people buy the properties, instead of taking for rent. The process of increasing the supply of homes, shops, and offices - needs to start. With online shopping and virtual meetings the need to have a shop or office is also getting reduced.

What is the logic that by just reducing rentals - it will shift the purchasing power and boost the economy by 60 lakh crores at least? On average home or office rentals across the country from villages to the highest-paid rental in Mumbai (Agricultural lands/lease holdings/Industrial spaces/IT parks/offices/malls/prime location shops/hospitals/schools) would - 13.34k INR. Today, at least a minimum of 5 crore families have either rented offices or houses or both. Many families have rented houses and shops both, as in India business people do not get loans because of inconsistent income and they do not file ITR also. If 10k rupees on an average is saved by 5 crore families for 12 months on a very conservative note - will come to 60 lakh crore rupees. If we only consider the rentals from IT parks, schools, IT parks, and big malls in metros and tier 2 cities - this itself will be very huge and 43% of the population lives in urban areas and the rest of the population pays huge lease or rentals for agriculture land. The worker who works in agriculture fields does not get good quality food also. Hence, the estimates are very conservative and we have not taken into account the impact of interest rate reduction which will automatically happen - if we take the combined outflow/shift of/in purchasing power will be more than 100 lakh crores. FM is planning to spend 102 lakh crores in the next 5 years to revive the economy by taking public debts and we are releasing more than that every year on a regular basis in an automated way and that too by reducing public debt.

How will reduced rentals, help employees and wage earners get more salary or income? The saving in rentals will help business owners to pay better wages to employees to attract the best talent and comply with the minimum wages and salary laws set by the government. This will ensure that people have more purchasing power. This will result in chain reaction to increase the overall economy, gradually.

How will reduced rentals, bring down prices of products also? Rentals, leasing and infrastructure cost account to at least 20% of the actual cost of the product, in the most conservative manner. This goes high in big posh showrooms, hence reduction of rentals and infra cost will easily help in making those savings to pay for employees and tough competition will bring about some reduction in few high luxury products. When people have good purchasing power and luxury products become affordable - people will look at buying them as well.

When such a big impact is present, why are we looking at 75% reduction and why not at a lesser rate of 25% and scale it up gradually? Reduction of rentals, property ceiling act and its impact on interest rates will happen only when it is done drastically. If we do it gradually, its impact on the economy will not be felt and disparity of income will again increase. To reduce the huge disparity of income, we have to take strong steps and this will give a message that hoarding excess property than required is a pure foolish act and they impact the overall society, fall in ethics and rise in crime rates. Today, most of the prominent social service people like Kiran Bedi or Nitin Gadkari or Amit shah or Arvind Kejriwal or KCR/KTR or high profile govt servants also hold huge property than required and their value of assets are increasing faster than any common man ..even the biggest good philanthropist hold excess property than required and they exploit govt policies to get land at cheaper rates to grow their business using money power. They hold properties in the name of family members, trusts, companies, jewellery and distant friends also, which is difficult to trace. Army chief Mushraff also has purchased property outside the country and inside the country and deteriorated the condition of the country in the name of kashmir - now imagine Greediness is present everywhere, some disclose it openly .. while others wrap it in the name of social service or patriotism in a very smart way. They cannot say that they are not greedy and will donate their properties for a social cause. These people purposefully develop cities and do not focus on villages as they get properties at cheaper prices in cities and their valuations also increase. These facts are not told, everyone wants to earn and secure their financial safety. The drastic collapse in rentals and property ceiling will lead to the development of smaller towns and villages in an automated way and this will not require any investment from the government or increase in the public debt.

How will this action gradually unearth black money of all the corrupted people? Digitization of properties will become mandatory in India. This will lead to pressure in other countries also and the corona pandemic has already made people of other countries also eager to take such actions. If the leaders of the country are really honest - they will look at having biometric-based unique identity numbers for all the citizens of the world. Everyone has to quote their unique number to get their property registered and even transacting for gold/silver or any precious stones will be digital. The process has already started in India, many are not aware of it. When people cannot hoard excess property and for the unnecessary property which they are holding will not give them returns. '''If corrupted people disclose it - it is beneficial and if they smartly have properties on others name also it is less beneficial. At least some benefit is present to common people.'''

Why are we reducing interest rates for people who are holding secured government securities by 20%? The people who take such secured debentures or certificates promote or encourage govt to take more loans. These people are those who get indirectly benefited from government policies and want secured income. By taking such steps - even if the government wants to take new loans or raise public debt, it will not be able to do it. The public will not give the government and will ask them to use the existing funds properly. This will increase the efficiency of govt spending and this in turn will eliminate all the unnecessary spending. This may even force the govt to get the black and corrupted money, which they are not doing as they are able to consistently get loans from the public and they are impacting the public only. Most of the funding of the public debt is done by wealthy people who get benefited from the government policies and hence they will take more government securities as well. This will freeze all opportunities to raise public debt and help the government to start repaying them, which will eventually lead to the reduction of taxes.

'''This will erode huge wealth and almost reduce the value of land by 50% and this will be a huge loss to the nation? How do you justify this?''' This will actually double up the price of the land in international markets by revaluing the currency. Rupee will become more stronger in the international market and value of rupee against USD can come up t0 25 rupees with other set of proper measures. This will ensure that the wealth within the country is re distributed and outside the country the value will increase. This is not a magic, but pure economics. How vegetabales and eatables are costly in america when compared to electronic gadgets. We will have reverse - gadgets and electronic items prices will drop and agricultural produce will increase. This will benefit the country even more as India is an agriculture country. This will boost technological development also in an automatic way.

'''If we revalue currency, we may loose IT exports and most of the outsourcing business will get impacted? How will this major source of foreighn exchange revenue will be managed?''' Human talent is currently treated on par with chinese products. The value of talent cannot be done with labour arbitrage, this is pure foolishness. When a person in india is able to deliver better output than the person in other country - the charges should be on premium. No company will leave good talent and when they are retaining good talent, they cannot eliminate some shabby talent also by offering greedy perks to top officials to fire people. After two slaveries, India should be more united. Rental reduction and propery ceiling act in india will force developed countries also to adopt and this overall excercise will bring down the value of foreigh currencies also and with good exports of agricutlure produce -the food will become 50% cheaper and this will reduce the paychecks of developed MNC's. This will help the MNC's also in a great way to sustain and grow.

'''Most important question, from a govt standpoint - will it increase the GDP and by how much? What is the basis for the assumptions made?''' GDP of our country has doubled with an increase in debts to the tune of ~140 lakh crore in the last 15 years and this amount with inflation will more than 2trillion USD. To increase the GDP, two factors are very important first is high-quality talent/skills and the secondary is purchasing power. By reducing the rentals, we will be able to bring more purchasing power into the hands of common people and this will reduce the disparity of income very quickly. People will not be interested to hoard excess property. These benefits are like a perennial river and today we can estimate a shift of 60 lakh crore of purchasing power in 2021 and this will increase every year. This should easily boost up at least 0.5trillion USD/ 30 lakh crore in GDP and that too by reducing government debts. This exercise will enable the government to start reducing its debt and thereby increase the purchasing power even more and this will result in a reduction of taxes, which will give even more purchasing power. This virtuous cycle will automatically enable growth in GDP by more than $1 trillion USD every year. If the momentum is maintained, it would bring govt debts to zero and with other proper set of actions, strategies and planning.

'''It will be world first unique innovation, where after reducing interest rate or rentals, we will see not see inflation but deflation and improve the value of currency - multifold? How will this improve the economy? Why will we not be dependent on FDI and their will be no need to sell ourselves? How will it automatically expel black money out?''' Land is the most precious resource than gold and India has got most arable land along with energy of sun with the bonus of rich youth. This combnation is not present anywhere in the world. Most of the highly priced land in prime locations is held by very rich and wealthy people as a matter of prestige. This will not make anyone to sell properties in which they live or use it - people who had brought it with huge black money by eroding taxes/misapproropriation of funds only invest in highly priced property and their intention is not to earn rent, but to safegaurd their wealth. Rent is only a additinoal byproduct for them. If you take a sample of people who have bought the costliest properties in mumbai - everyone has brought it as a status symbol. This excercse will reduce the value of such properties and very rarely they have bank loans on such priced properties. Malls and prime market location properties which have big loans will not be sold off as reduction in interest rates and great purchasing power will fuel their business further in the longterm. By way of 75% reduction in the rental - the balck money will directly flow into the hands of common public. Increase in business activity within the country will not require any FDI. The value of currency will improve and rupee will become as strong as dollar in the near future. This will reduce our import cost and preserve foriegn exchange.

'''This excercise - will spread the available concentrated resources to deserving hardworking and confident people in a very easy and transparent way. How will this be possible?''' Digitizing property and money will ensure that people cannot acquire properites with indirect funding and with property celiing people who hold excess land and will be required to sell. By developing agricultural enterprenuership, allowing gold as a security to get loans(indian householders have 25,000 tonnes of gold) and low interest rates along with proper mentoring facilities for illeterate farmers. Hardworking people get most benefits.

What is partership in profits model and why do you want this to be popular? Instead of paying people in wages or salaries - if we encourage to pay a part of profits basis the eligibility and the value provided to the enterprise. This will encourage people to work with more sincerity and think of providing more value. Some may want to adopt and some may not. Example - saleaspeople instead of fixed salary with get a percentage of profit and the incentives may increase at every threshold limit. People when paid on outcome basis - GDP will increase at a more faster rate and this will eliminate laziness from salaried people, who are habituated to live in comfort zone. Work which was supposed to be done in one year may happen in minutes also.

'''It will have huge impact on the rich people and may upset them in a very big way. It may also cause losses to some people, who had strategically invested in properties?''' When everyone is suffering losses, it will have no impact on anyone. Imagine, earthquake or cyclone also causes a big impact and no one complains. Similarly, everyone will accept it as a natural act. Reduction in interest rates will reduce the losses by ~50%. If the person has not taken loan, they will get benefited from income tax elimination.

When there is no incentive to have property, why will someone look to buy or construct new houses or buildings? Guaranteed passing of law will result in a reduction of property rates falling easily by ~40-50% and a reduction of interest rates by ~75% will bring more benefits in owning the property. Suppose a person who had a property of 50 lakhs was getting a rental income of 20k with an installment of 30k. After the act and all the steps(lower construction cost and better facilities), the property rate will be around ~25 lakhs and the installment will get reduced to 15k - hence, even if the person gets a rent of 5k. It will be far more beneficial in the longterm, as with the reduction of population and a better economy in the next 10 years - the price of the property may double up again. Properties are not brought for rental income, people look for long-term appreciation and bring automatic savings.

When there are no buyers, property rates may collapse to a very huge extent? Yes, collapsing property rates will help in redistributing the wealth properly in society. When everyone is suffering, the impact in fall of property prices will not be felt. It will be like deflation, in real estate segement.

What will happen in Mumbai/Delhi or other metropolitan cities, where rental income is very high and the standard of living also is very high. Property rates will fall and it will help the common man to get most of the services which they were not able to get. Purchasing power will increase and this will benefit 80% of the population and will not impact the rest of the 20% as well. It will be like a shock, which will get digested in few days and become a new normal. Stock markets had the worst crash during covid and Indian stocks wiped out ₹3.3 trillion in march 2020. This exercise will improve the stock markets - as it will help businesses to grow.

This will be risky for any government to venture into such strong policies which have never been tried anywhere in the world? Yes, it looks impossible in a country like india to think that something like this will be possible. However, strong decisions have to be taken and this is will be a smaller impact than a currency ban and this will eliminate the hidden black money in India.

This may spurt of violence along with law and order issues in the country? When all the measures are taken simultaneously. It will automatically bring down the rental values and moreover in the Covid pandemic - people will be able to understand it more easily. If the govt has got talented people, it will be the easiest exercise and biggest as well.

What will happen if the govt does not promote the reduction of rentals? Common people will suffer. The small and micro-business will get impacted because of a lack of purchasing power. Printing additional money will increase inflation and devalue the Indian currency. The GDP growth rate will turn to negative and will take several years to gain the momentum back. If we do not utilize covid as a silver lining, it will be a missed opportunity.

'''The rich can be encouraged to spend as well, instead of reducing the rentals? this will be easily accepted?''' Greediness is something that will not leave anyone till death. A rich and wealthy person cannot leave their original instincts by themselves. The human brain will have several excuses and will always look to hoard more wealth and will strive to get more selfish pleasures. All of these can be controlled with Natural-looking acts. If rich people in the country had good thoughts, we would have been a transformed country by now. We see so many wealthy people bluffing people by doing philanthropy also. We have seen how politicians and wealthy people misuse their powers and thinking they will improve is a big risk. If we ask even a beggar to imagine having 1 crore worth of property and if we hypothetically ask him to spend for the welfare of society. We will also not get a totally positive response from their heart. When a person who has got free wealth cannot think, how can a person who has earned his wealth would like to spend on others.

How will this increase purchasing power? Lower rentals and minimal salaries or wages - will enable the business to pay people in a better way and spend money very quickly. This would not have been possible earlier.

Why purchasing power in the hand of lower-income groups is necessary? Rich people will not spend the money quickly and the rotation of money will not be faster. If the same amount comes in the hands of common man, where they have so many unmet needs, the flow of money will be instant and very quick. Take an example Landlord collects rent of 10k per month, however, the spending may not be instantaneous. However, if the same money is with the tenant - they will spend on lot of unmet needs and desires very quickly. The power of money increases with rotation. Lets assume, in India we have around 21 lakh crore of currency and the GDP is around 200 lakh crore. This means that the money in circulation was able to provide 10x returns and with the measures which we are taking, it can improve the returns by another 3x very easily and our GDP with this one measure can get a boost of $1 trillion dollars. Why can't the RBI print additional currency to improve the economy? RBI has infused almost 20 lakh crore of new currency in the last 15 years, in 2005 total currency in circulation was around 10 lakh crores and RBI has written of BAD debts more than 10 lakh corore in the last 10 years. These measures are actually not acceptable and showcase poor governance and such measures yield short-term gains. However, in the longer term it can lead to zimbabwe like situation, where the value of the currency will not be present. The value of 100 rupees has dipped by almost 2times in the last 10 years. A plate of idli which would have cost 15 rupees will today cost 30rupees in the same restaurant. This is leading to fall in rupee value in the international market.

'''Even after doubling the printing of currency, why public debt has increased 5 times in the last 15 years? Developed countries are also doing the same, why we should not follow them?''' Across all the countries governments are not running efficiently, everyone is managing the government. No one can question the governments and we cannot point mistakes - as we are not shareholders of private companies to hold any individual accountable or any government will lose business. We will only get impacted and pay additional taxes for higher debts of the government. There are no benchmark index or guidelines or expectations set for the governments to work on zero debt and zero taxes. Till date, we have not created those expectations. Taxes have been steadily rising in all the countries and new modes or ways to impose taxes have been discovered. If we improve our ethical norms of governing and manage our country properly, it will set examples for others to follow. The ratio of public debt to GDP is one way of stating that public debt should increase, if we want to increase the GDP. This is an excuse of not having the talent or skills to grow the GDP, by reducing public debt.

There are so many renowned economists and why did not they discover these things? We do not know, we can suggest and give our best and it is up to the governing people to decide and take decisions.

What is the guarantee, that the government will not increase the public debt or taxes in future? Government(state or central) should not be allowed to increase public debt or taxes and should be made to increase the efficiency of operations and new ways of thinking. Even the percentage of tax collection to the GDP, should also come down gradually. These should be some of the important metrics which the citizens of all the countries should demand from every government. Lack of literacy in financial markets is leading to freedom of exploitation by the governments.

Wouldn't this be foul play with people who have earned their wealth with right means? Hoarding excess wealth beyond requirements is actually fool's work. They neither enjoy and actually suffer from excess property. Good purchasing power will give more happiness to everyone and they should be proud that they are part of some good work.

What is the guarantee that this will bring transformation All the govts have to take all the steps properly and hence, we have kept the rental act as the last 24th step. This law should be passed after the first 23 have been executed or started. Once the 23 steps have been taken, it will automatically reduce the rentals and law will be a formality to ensure that in the future, people do not hoard excess wealth than required.

How much time do you think it should take to pass the rental act? If the leaders are really dynamic - All the plans and execution should start within 15 days. We have to learn something from china on the speed of execution. From Ugadi, new year 2021 - we can officially see the law being passed and enacted. This will be similar to the currency ban, where people were provided to deposit old currency. Here, also regularisation and checking of all the property records will happen durig this period.

Do you think Indian government is really mature enough to manage it perfectly like an MNC? It can set an example and show the achievements - where there is a will, there is a way. This will only be a part of the bigger solution. We need to assess the quality of people in various government sectors and if there is a huge sense of urgency - the ultimate transformation can happen or else it will be elusive. The think tank of the government is the best decision-maker and we may not want to comment on it. Even if the government has got 10% skilled and patriotic people who are not running after wealth - it should be sufficient to create that huge momentum of transformation.

Finally, why only rental? After interest-based earning, rental earning makes the person more greedy, lazy, and evil. This will automatically bring down the possession of a number of properties and if it does not also - it is also good. Everything/everyone will get benefited.

Every country has some uniqueness for growth, will this be a unique thing in India with such a huge population and low purchasing power to grow its economy at an exponential rate? Yes, this will be a strategic move to fund the country from within, instead of asking for FDI or increasing the public debt. This will be the biggest innovation in the world and will be a unique model, which no country in the world has even thought of. This will help in eliminating taxes and debts - it will be the first country to achieve this and will be a role model for everyone.

What are the other surprises which may be in store? Yes, there would be a lot of very different never thought of approaches to restructure the existing huge public debt and improve the overall talent and skillset of the country, which is more critical for its development. There will be multiple other plans which will support this strategic initiative to fund the country's growth without taking any public debt or increasing taxes or printing excessive currency to devalue itself in international markets. One will be an enterprise way of developing world-class infrastructure - when people have the purchasing power they will be able to spend.

 All these restructurings will set an example in the world, how a country can fight with natural calamities by staying united.