A news report in Business Line ( 11 Nov 2016 ) carries following headline :
" Modi may reap $ 45 billion Budget gain on demonetization
"
Report snippets follow :
-----------------------------------------------------------------------------------------------------
The move will suck out
about 86 percent of the 17.8 trillion rupees of currency in circulation. The
analysts say as much as a third of this will prove to be illegal and be unclaimed. Those
funds can then be used by the government to narrow Asia’s widest fiscal
deficit.
"This money can now
get utilized for various economic reforms’ funding,"
said Edelweiss analyst Manoj Bahety.
The central bank can
reduce its liabilities by an equivalent amount or share the cash with the government, he
said.
Here’s what the
funds could offer
Modi:
- The
chance to slash by more than half his projected 5.3 trillion rupee budget deficit for the
year through March 2017
- The
opportunity to double expenditure
on defense and energy
- Or
increase three-fold federal spending on social services such as education, health and housing
- ------------------------------------------------------------------------------------
These are GOOD suggestions
But , as suggested in my earlier blog , can we grant the dying
man his last wish ?
MY SUGGESTION :
Please allow those Black Money Holders to deposit those Rs 10 lakh*crore in bank
accounts created specifically for :
* Prime Ministers Relief Fund
* Armed Forces Relief Fund
* Environment Rejuvenation Fund
* Pollution Solution Fund
and , above all ,
* BANMALI ( Ban
Mal-Nutrition in India ) Fund
{ http://myblogepage.blogspot.com/2016/09/a-mobile-app-named-banmali.html
}
Some 1.2 million children ( under age of 7 ) , die in India EACH
YEAR , due to mal-nutrition ( since , you do not wish to call it
" Starvation " ! )
If each of these children were to be provided highly nourishing
food packets each day , costing Rs 50 per day per child, that would cost
the Government , Rs 2190 Crore / year
By enabling channelizing those Rs 10 lakh*crore into these
Bank Accounts , we will be able to convert that Black Money into White
Money ( but for use by the POOR / NEEDY of the Society )
Will those Black Money Holders come forward for such
a DONATION ?
They will , if the Government promises that while depositing the
old notes into these accounts ,
* NO QUESTIONS will be asked
,
* Depositor does not have to REVEAL
IDENTITY !
* There will be no UPPER LIMIT
They have nothing to lose in this World and everything to gain
in the NEXT !
Far better than donating crores to religious temples / shrines !
Let those Black Money holders " donate " their
hearts to the 1.2 million dying children !
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12 Nov 2016
www.hemenparekh.in / blogs
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