Sunday, 6 March 2016

There is a Simpler Way !



A study by Harvard researchers ( led by former Standard Chartered Bank Chief , Peter Sands ), recommends doing away with the most popular banknotes used to evade the banking system : the US$ 100 note / the 500 Euro note / the 1000 Swiss franc note and Britain's 50 pound notes


If those large bills were eliminated, argues the Harvard University study, the drug dealers , arms traders , terrorists and tax cheats would find it a whole lot more onerous and risky to move their cash around undetected , carrying huge sacks of small denomination notes


Apparently Harvard researchers did not know that , tax cheats of India have,

*  Siphoned away Rs 34.4 lakh*crores to foreign banks in past 10 years

*  Stashed away (my guess) TEN TIMES as much (Rs 500/1000 notes) in local bank lockers


Had they known , they would have whole heartedly agreed that my following suggestion is a far  SIMPLER / FASTER / SURER method to eliminate BLACK MONEY , forever :

*  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 ( far thinner than a human hair  ! ) , always broadcasting their presence to Internet of Things ( IoT )


*  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


   
Only 2 days back , Mumbai police caught a van carrying Rs 500 / 1000 currency notes worth Rs 2.84 Crores , hidden in a secret compartment below the floor board


If my suggestion is implemented , who would want to be followed / tracked on Google Map ,
( on the law-enforcer's mobile App ), with a balloon inscribed with the value of those notes ?





I wish Shri Ravi Shankar Prasad would tell Shri Narendra Modi :

" Modiji , this is the ONLY foolproof way to solve the problem of BLACK MONEY , without worrying about introducing a MONEY BILL in Lok Sabha

And our bright young Start Ups are capable of implementing this within 6 months 

Please , give me a GREEN SIGNAL  !  "

-----------------------------------------------------------------------------------------


hemenparekh.in / blogs

07  March  2016

---------------------------------------------------------------------------------------

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   






3 comments:

  1. Out of the box suggestion. Great thought.

    ReplyDelete
  2. Out of the box suggestion. Great thought.

    ReplyDelete
  3. Sanjay : Glad you liked it . One commentator suggested that I file a Public Interest Litigation petition in Supreme Court , since politicians with " Vested Interests " are unlikely to act on this
    Do you know a lawyer friend who will do this for FREE ?

    ReplyDelete