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

Wednesday, 23 November 2016

Why Only 21,000 Crore ?


News reports this morning say that a sum of Rs 21,000 cr has been deposited in numerous Jan Dhan Accounts, since 13 Nov ( going up from Rs 45,636 cr to Rs 66,636 cr , in 10 days )


IT dept says , these were mostly accounts with ZERO or Re ONE bank balance on Nov 8, and now show a balance of Rs 40,000 to Rs 49,000


At an ave of Rs 50,000 ( half a lakh ) deposit per account , that means , Rs 1 cr ( 100 lakhs ) would suffice to fill up 200 accounts


So , Rs 21,000 cr must have filled up , 42 lakh accounts ( 21,000 * 200 )  !


If we were to assume that even half of these got filled with " BENAMI " black money, that would mean , Government would need to investigate and file court-cases against 21 lakh persons !


That exercise would involve


*   Local Police Depts , alerting

*   IT dept , which will alert

*   Financial Intelligence Unit ( FIU ) , which will , in turn , refer the cases to

*   National Investigation Agency ( NIA ) , or to

*   Central Bureau of Investigation ( CBI ) , or to

*   Enforcement Directorate


The court cases will drag on for 10 years !


And , at the end , even if half of those 21 lakh persons are pronounced " Guilty " and punished with imprisonment , do we have jail facilities for 10 LAKH prisoners ?


And what would be the cost of this exercise ?


Now remember that Jan Dhan scheme has nearly 25.4 cr a/c


If only half of these act as conduits for Black Money holders to convert their ill-gotten wealth into WHITE money , can you possibly sue  12.7  CRORE poor citizens under the BENAMI TRANSACTIONS ( PROHIBITION ) ACT - 2016 ?


Just impossible !


I do hope NDA Ministers / Secretaries / Advisors etc , realize the futility of trying to sue MILLIONS of poor citizens


On the other hand , all through this crisis of past 15 days , the NDA government has displayed a very NON-BUREAUCRATIC and DYNAMIC approach in solving the problem of cash crunch , through a series of 15 / 17 , " Relaxation Announcements "



It is  STILL  NOT  TOO  LATE  for Shri Narendra Modiji ,  to turn this misery and pain of the ordinary citizens into an OPPORTUNITY for their long term benefit



By implementing the following suggestion( call it " Relaxation " if that is saving the face ! ), that I sent to him on  09 Nov 2016 :

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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.in/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 !


I request Shri Narendrabhai Modiji to go, sit silently in front of Raj-Ghat Memorial and ask :


"  Did you say : To the poor , God appears in the form of a  ROTI   in their hands  ? 


  By allowing the Black Money Holders to save these children , am I going to lose face ?  "

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24  Nov  2016

www.hemenparekh.in / blogs




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