Hi Friends,

Even as I launch this today ( my 80th Birthday ), I realize that there is yet so much to say and do. There is just no time to look back, no time to wonder,"Will anyone read these pages?"

With regards,
Hemen Parekh
27 June 2013

Now as I approach my 90th birthday ( 27 June 2023 ) , I invite you to visit my Digital Avatar ( www.hemenparekh.ai ) – and continue chatting with me , even when I am no more here physically

Saturday, 27 February 2016

A Tale of Two Tracking !


State of Maharashtra has a total of 50 prisons , of which 9 are Central jails


Between them , they house 25,000-30,000 inmates


The country as a whole, has some 1,387 prisons , housing approx 356,000 prisoners


Maharashtra government has decided to introduce " chip or bracelet " tracking system for prisoners and is in the process of signing an agreement with the Israeli Government under which , private Israeli companies will implement this " tracking " project


Why all this rush for a technology driven reform  ?


Because , in March 2015 , five criminals had fled from the Nagpur jail after climbing boundary wall  !


But no one in government seems to be really bothered with the following :


*  There are billions of high currency notes ( Rs 500 / 1000 ) in circulations

*  A whole lot of these are unaccounted BLACK MONEY income, on which no tax got paid

*  Many more billions are stashed in secret bank lockers , which occasionally "escape" for purchase of gold/land etc

*  High currency notes worth Rs 34.4 lakh*crore have "climbed" national boundaries and escaped without "trace" !

*  Today , Government has absolutely no mechanism to " track / trace " such escapes

*  In India more than 90% of all payments ( for goods and services ) are in CASH , quite a few , using these high
    currency notes

*  If payments are made in CASH , no GST / Service Tax can be collected


*  But if the payments get made through official channels ( ECS / Bank Transfers / Credit Cards / Mobile Wallets
    etc ) , then GST can be collected ( or a BTT - Bank Transaction Tax , can be levied )


Now , instead of " dehumanizing " 30,000 prisoners with a RFID-embedded collar around their necks ( as it
happened with Rajat Gupta of McKinsey fame , a few weeks back in New York ) , just so that you can track some
5 prisoners , would it not be much better / wiser to :


*  Discontinue paper-based currency notes of Rs 500 and Rs 1,000 ( and withdraw in 6 months , with advance notice )


*  Introduce plastic currency notes of Rs 500 / 1,000 which are embedded with RFID sensors ( far thinner than a human hair  ! ) , always broadcasting their presence to Internet of Things ( IoT )


I believe Govt is launching ONE BILLION plastic currency notes of Rs 10 denomination , later this year


Let us make this a PILOT PROJECT , by embedding these with RFID sensors .

We will learn a lot in " tracking " !  


*  Assign to each such note, a IP V 6.0 address , linked to its unique note number


*  Set up a IT-enabled Technology Platform which will constantly monitor any accumulation of Rs 500 / 1000
    RFID embedded notes in excess of Rs ONE CRORE within an area of ONE square meter



Why waste time in tracking a few escaped prisoners ?



Why not leverage technology to track those billions of notes and their criminal owners who are destroying our economy ?



Mr Arvind Subramanian ( Chief Economic Adviser ) should have recommended this in his ECONOMY SURVEY , instead of suggesting to expand tax net to cover 23 % of the Indian citizens , against current 4 %



I believe , humble RFID sensor can get ten times more tax revenue than expanding tax-net to 23 % of citizens !



Incidentally :


Should Shri Jaitley-ji propose expanding the tax-net as suggested , in his budget speech tomorrow , do you know what would happen ?



You don't need to be a Nostradamus to foresee BJP losing ALL state and central elections for the next 10 years !


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hemenparekh.in / blogs

28  Feb  2016

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