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

Tuesday, 16 February 2016


How else can you interpret following news report which appeared yesterday ?

The Special Investigation Team (SIT) on black money has asked the 

Directorate of Revenue Intelligence (DRI) to

probe if $505 billion (approximately Rs 34.5 lakh crore) were sent out of India 

during 2004-13, the period under

the rule of the erstwhile United Progressive Alliance led by the Congress party.

The SIT obtained detailed calculations of country-wise illicit financial flows for

 each of these years from (think tank)

Global Financial Integrity," a statement by the Finance ministry said today.

The details have been sent to the Directorate of Revenue Intelligence on 

February 8, 2016, and it has been asked

to verify the extent to which the calculations are correct," the statement said.

Necessary action would be taken by SIT after receipt of the DRI's report, it 


Correctness of calculations  ?  Aren't we past that phase  ?

Is this not a case of " too much analysis producing paralysis "  ?

Is this also not a case of " barking up the wrong tree  " ?

All the black money that the NDA government has managed the hoarders to

 declare in the past 2 years is , approx

Rs 10,000 crores !

And who does not know that for every rupee that the tax evaders managed to

 send out of the country in last 10

years , another TEN RUPEES ( at least ) worth of BLACK MONEY got stashed in

 LOCAL bank lockers / gold / land ?

And , even as SIT  continues to " probe " the PAST generation of BLACK MONEY

 , may be another Rs 35 lakh*crore

of BLACK MONEY continues to get generated , EACH YEAR ?

While inaugurating " Make in India " week on 13 Feb 2016 , PM Shri Modi told

 the Industrialists  :

" There is no time for incremental changes . 

We want a quantum jump . Do not wait . Do not relax "



Even as the industrialists are mulling your advice , you too can solve the TWIN

 problems of CORRUPTION and

BLACK MONEY with a SIMPLE action which does NOT require passing of any bill

 in the Parliament !

For the Nth time , I urge you to take the following QUANTUM LEAP :

*  Discontinue paper-based currency notes of Rs 500 and Rs 1,000

*  Introduce plastic currency notes of Rs 500 / 1,000 which are embedded with RFID sensors

*  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

Remember what ancient scientist Archimedes had said ?

"  Give me a long enough stick and I will lift the entire World "

Your time to lift India out of this dark abyss , is NOW  !


hemenparekh.in / blogs

17  Feb  2016


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