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