Some may call him " inscrutable "
Till 2 days back , Shri Modiji was warning poor Jan Dhan
account holders not to allow Black Money holders to use their accounts as some
kind of a " Magic Hat " , where you
put in OLD notes and , after a few weeks , pull out brand NEW notes !
He was warning Jan Dhan account holders with dire consequences (
7 year prison ) , if they turned themselves into BENAMI account holders for
Black Money owners
Following figures ( Nov 09 - Nov 30 ) , were enough
evidence to suspect that this had happened :
* ZERO balance
Accounts went down
by............... 4 lakh
* Total No of
accounts went up
by...................... 27 lakh ( to reach
25.78 crore )
* Total Deposits
went up
by......................Rs 28,685 Crore
( to reach Rs 74,322 cr )
He repeatedly said : IT / ED will keep a sharp eye on
those account holders who withdraw their entire deposit
within 3 / 4 weeks ( ostensibly , to return the WHITE cash to the original Black
Money owners , after deducting their 30 % " commission " )
Such sudden / total
withdrawals would enable IT / ED to track down those original Black
Money owners and raid them ( of course , poor Jan Dhan account holders would cooperate
and reveal such information , when promised " pardon " ! )
Given this simple-sounding logic, it came as a surprise
to all that RBI imposed restrictions on withdrawals from these accounts at Rs
5000 and Rs 10,000 per month !
No sudden withdrawals ? A lost opportunity to catch those culprits ? What is going on ?
Then speaking at a rally in Moradabad yesterday , Shri Modiji
said :
" I want to tell
holders of Jan Dhan
accounts , they should neither withdraw nor return this money .
Write to me if someone intimidates you .
The Centre is thinking of how to utilize this money for
the poor .... I am thinking hard..... racking my brains to figure out how it (
the money ) can be yours
"
Dear
Shri Narendrabhai :
In your process of " racking your brains to figure out
" , I request you to refer to my following suggestions for your next MASTER STROKE :
-------------------------------------------------------------------------------------------------------
# E mail dt 05 Jan 2016 ( Fear
of Being Ridiculed ? ) :
*
No questions ( as to
the Source ) for cash deposited in Jan Dhan Bank Accounts (
Permanent Unlimited Amnesty )
* FD Interest / Dividends from Infra Bonds /
SPVs to be credited to Jan Dhan A/cs
-------------------------------------------------------------------------------------------------------
# E mail dt 30 Jan 2016 ( Structural
Reforms ? )
* Perpetual
Amnesty Scheme ( no questions asked as to the source for CASH deposits in
Jan Dhan Accounts , if
funds from these Accounts are invested in Govt
approved INFRASTRUCTURE
SPVs )
So
far , Rs 30,000 Crores have been deposited in Jan
Dhan Accounts . With introduction
of this
REFORM , that figure will rise a thousand times to Rs 30,000,000 Crores , within
one year !
These investments will generate 10 million jobs each year and raise our GDP to 10 % in
2016-17 !
* Transferring
10% of GST ( ie 1.8 % out of 18 % ) to PPF accounts of the buyers (
increase Domestic
Savings )
-------------------------------------------------------------------------------------------------------
# E mail dt 01 Oct 2015 ( From Greed
to Great )
* Stop asking any questions as to the "
Source " for all cash deposits
made into bank accounts opened
under Jan Dhan Yojana
* Encourage deposits made into Jan Dhan
bank accounts to be invested in
SOLAR POWER SPV Farms , by direct
depositing of income derived ( from sale of
electricity to DISCOMs ) into
those bank accounts
-------------------------------------------------------------------------------------------------------
# E mail dt 28 Feb 2016 ( Don't
Expect This in Budget ! )
* Come out with ATM
V 2.0 ( call it , " Automatic
Taker Machine " ? )
* Install one in every bank branch and at 145,000 post
offices ( India Post's Payment
Banks )
* ATM V 2.0 does NOT
" dispense" cash . It only " accepts " cash !
* Cash depositor will enter personal details ( Aadhar No /
Jan Dhan Bank A/C No etc ) and
amount being deposited
* ATM V 2.0 will count the cash ( much like currently used
CASH COUNTERS at most bank
branches )
* It will print out a RECEIPT , giving full details
* All ATMs ( V 2.0 ) will be inter-connected in a Network
having a CENTRAL server
* All cash deposited ( by
every user ) will be used for Infrastructure SPV
* Depositor will earn annual interest @ 5 % on CASH
deposited ( Receipt wise )
* Cash Receipts can be en-cashed upon maturity of 10 years(
like FIXED DEPOSIT receipts )
* Interest will be TAX FREE
and get directly deposited in depositor's Jan Dhan Bank A/c
* No questions ( as to the source of the cash deposited )
will be asked ( Perpetual Amnesty
Scheme )
I understand , Jan Dhan Yojana managed to
garner deposits of approx Rs 30 thousand crores in 18 months
ATM V 2.0 , will bring back those Rs
34.4 lakh*crores of undisclosed assets that are lying in foreign banks ,
AND
Rs 340 lakh*crores of unaccounted BLACK MONEY lying in domestic
bank lockers ( or locked up as gold / land )
In deep space , there are BLACK HOLES which suck in all matter .
Even light cannot escape from a black hole
ATM V 2.0 will be our
WHITE HOLES which will suck in all black money Indians have stashed
anywhere !
Let us use this INNOVATION , which is simply re-configuring
well-established and straight forward HW / SW !
-------------------------------------------------------------------------------------------------------
# E mail dt 03 June 2014 ( White
Holes of Black Money ? )
* INVERSE
TAXATION REGIME
Where one pays DECREASING , incremental
tax , with each higher slab of
income. This will encourage full declaration
of all income and remove
incentive to hide income . People will insist
upon receiving all payments
by cheques .
" Reverse Hawaala " system (
converting black money to white
money ) will , soon eliminate parallel
economy !
* AMNESTY SCHEME
Where no questions will be asked as to the
source of declared black
money , if
that money is invested in Government-Approved Infrastructure
SPVs .
Dividends / interests from such investments will be free
from Income Tax for 15 years .
Infrastructure should
also include , Education, Health-care , Sanitation etc
-------------------------------------------------------------------------------------------------------
Dear Shri Narendrabhai :
I repeat my earlier request to give me 20 minutes of your
precious time to answer any questions that you may have with regards to my
suggestions
with regards,
hemendra parekh
04 Dec 2016
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www.hemenparekh.in / blogs
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