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

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  !  "

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hemenparekh.in / blogs

07  March  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   






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