Don't expect my following suggestion to figure in the
Budget speech which, Shri Jaitleyji will read in Lok Sabha , a few hours from
now
But then it does not have to be !
First break the unwritten rule : " If a reform was not announced in
Budget , then it cannot be implemented "
My suggestion is about ATM V 2.0
Many decades ago , ATM were first introduced in America
when banks found long lines of customers waiting to withdraw cash at the CASH
COUNTER
In America , cashiers are called TELLERS . So these
CASH DISPENSING machines came to be called AUTOMATIC TELLER MACHINE ( ATM )
In India , we call these ANY TIME ( cash ) MACHINE , which give out cash
upon
* entering a few
details / code numbers into ATM screen
* amount of cash you want to withdraw and
* inserting your ATM Card in the machine
ATM prints out a slip of paper incorporating full
details of the transaction / customer name etc
I believe , nowadays , any ATM accepts ATM card issued
by any bank , so you need not worry to find a ATM belonging to YOUR bank (
where you have YOUR bank account )
MY
SUGGESTION :
* Come out with
ATM V 2.0 ( call it , " Automatic Taker Machine " ? )
* Install one in
every bank branch and at 145,000 post offices ( India Post's Payment Banks )
* ATM V 2.0 does
NOT " dispense" cash . It only " accepts
" cash !
* Cash depositor
will enter personal details ( Aadhar No / Jan Dhan Bank A/C No etc ) and amount
being deposited
* ATM V 2.0 will
count the cash ( much like currently used CASH COUNTERS at most bank branches )
* It will print
out a RECEIPT , giving full details
* All ATMs ( V
2.0 ) will be inter-connected in a Network having a CENTRAL server
* All cash deposited
( by every user ) will be used for Infrastructure SPV
* Depositor will
earn annual interest @ 5 % on CASH deposited ( Receipt wise )
* Cash Receipts
can be en-cashed upon maturity of 10 years ( like FIXED DEPOSIT receipts )
* Interest will be
TAX FREE and get directly deposited in depositor's Jan Dhan Bank A/c
* No questions (
as to the source of the cash deposited ) will be asked ( Perpetual Amnesty
Scheme )
I understand , Jan Dhan Yojana managed to garner
deposits of approx Rs 30 thousand crores in 18 months
ATM V 2.0 , will bring back those Rs 34.4 lakh*crores of
undisclosed assets that are lying in foreign banks ,
AND
Rs 340 lakh*crores of unaccounted BLACK MONEY lying in
domestic bank lockers ( or locked up as gold / land )
In deep space , there are BLACK HOLES which suck in all
matter . Even light cannot escape from a black hole
ATM V 2.0 will be our WHITE HOLES which will suck in
all black money Indians have stashed anywhere
!
Let us use this INNOVATION , which is simply re-configuring
well-established and straight forward HW
/ SW !
Dear Shri Jaitleyji ,
There is no need to worry about how to raise revenue to
fund those Infrastructure Projects to generate jobs
No need to widen tax net ( from 4 % to 23 % ) or borrow
money from market or abroad
No need to announce in your budget speech this
morning ! No passing of any BILL in
Rajya Sabha !
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hemenparekh.in / blogs
29 Feb 2016
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Make
Yourself Heard
Dear Visitor :
It is time for YOU to speak up - and demand that YOU
are heard
By emailing this suggestion - incorporating your OWN
improvements - to the following Policy Makers
( Just multiple
copy all the following Email IDs into the Recipient column of your Outlook and
Copy / paste this suggestion in the Message Box ) :
narendramodi1234@gmail.com;
38ashokroad@gmail.com;ajaitley@del5.vsnl.net.in;
jayant.sinha19@sansad.nic.in;piyush.goyal@gov.in;nitin.gadkari@nic.in;
spprabhu1@rediffmail.com;bandaru@sansad.nic.in;smritizirani@nic.in;nsitharaman@nic.in;
ravis@sansad.nic.in;sureshprabhu@irctc.co.in;prakash.j@sansad.nic.in;secy-ipp@nic.in;
amitabh.kant@nic.in; shaktikanta.das@nic.in; rsecy@nic.in; adhia1981@gmail.com;
ceo-niti@nic.in; atul-chaturvedi@nic.in; uma.bharati@sansad.nic.in;
d.pradhan@sansad.nic.in; rprudy.office@gmail.com; rudypr@rediffmail.com;
eam@mea.gov.in; mosvks@mea.gov.in; mvnaidu@sansad.nic.in; mnaqvi@sansad.nic.in;
rao.inderjit@sansad.nic.in; mljoffice@gov.in; sadananda.gowda@sansad.nic.in;
ministerminority@gov.in; najmah@sansad.nic.in; minister-ca@nic.in;
ramvilas.paswan@sansad.nic.in; gandhim@sansad.nic.in;
akumar-alpha@sansad.nic.in; jpnadda@sansad.nic.in; hm.moca@nic.in;
geete@sansad.nic.in; simratbadal@yahoo.com; ns.tomar@nic.in;
rmsingh@sansad.nic.in; tc.gehlot@sansad.nic.in;
dr.harshvardhan@sansad.nic.in
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