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

Now as I approach my 90th birthday ( 27 June 2023 ) , I invite you to visit my Digital Avatar ( www.hemenparekh.ai ) – and continue chatting with me , even when I am no more here physically

Friday 22 April 2022

A Rose by Any Other Name ?

 


 

 

Context :

Pan-India BEST card to roll out on Monday   /  TIO    /  23 April 2022


Extract :

Ø  The card will be valid for ANY TRAVEL or PURCHASES , pan –India and not just in the city’s red uses

Ø  One can also purchase GROCERIES, buy from a RETAIL SHOWROOM , use it as a DEBIT CARD , across the country

Ø  The card will have RuPay, which is valid at most NCMC-compliant establishments across the country

Ø  One can top it up ONLINE or with our Bus Conductor and this will be part of One Card One Nation

Ø  The bus undertaking has already made its system NCMC-compliant in March and this means that anybody having a Common Mobility Card issued from ANY bank across the country can use it in BEST buses

Ø  After purchasing the NCMC card from BEST , commuters will soon be able to purchase Bus Passes, with 72  different options, through the same card

Ø  It will have the “ Tap In “ and “ Tap Out “ facility in the 100 % digital buses which were introduced by environment Minister, Aditya Thackeray, early this week

 

 

MY  TAKE  :

 

         Digital Bus of Mumbai …………………………[ 19 April 2022 ]

 

Ø  Public transport as a solution ? ……………[ 15 Feb 2016 ]

 

Ø  No long queues with Chalo ? …………………[ 21 Dec 2021 ]

 

Ø   POLLUTION SOLUTION , aka " PollSolv " ……….[ 30 Dec 2015 ]

 

Ø  When BHIM is here, can ARJUN be far away ? /  30 Dec 2016

 

 

 

Ø  BHIM : the Unstoppable  /  14  April  2017 

  

 

      Extract :

 

 

      Dec 2017 :  BHIM V 6.0

 

     

      Feature :

 

      To subsume in itself , all Automatic Payment Apps

 

 

      Read Email :

 

    A  Matter of  Time  ( 03 Jan 2017 )

 

 

 

 

 

      April 2018 :    BHIM V 7.0

 

    

       Feature :

 

       Integrating all Private Mobile Wallets into BHIM to create UTI ( Unified

 

       Transaction Interface ) , leading to ,

 

 

       UPI + UTI = " Less Cash " + " Less Evasion " + " Less Black "

 

 

        Read Email :

 

      From  UPI to  UTI  ( 07 Dec 2016 )

 

Extract :

 

Ø  In our goal to make India , a LESS CASH economy , UPI / AEPS ( Aadhar Enabled Payment System ), was an important FIRST step

 

 

Ø  But UPI / AEPS , just does NOT cover those sale / purchase transactions which take place using Credit / Debit cards and private brand Mobile Wallets !

 

 

Ø  To ensure that these transactions too get into the database of the Income Tax department , I suggest following :

 

 

           STEP  #  2

 

Ø  All other PRIVATE brand Mobile Wallets ( Paytm / MobiQuick / ItzCash / FreeCharge etc ), must be integrated with UPI, so that the sale / purchase TRANSACTION DATA generated through use of such private mobile wallets too gets integrated into the COMMON database of the Income Tax department

 

 

            STEP  #  3

 

Ø  All Card-Swipe / PoS machines must be UPI / AEPS compliant, so that all sale / purchase TRANSACTION DATA generated through use of all CREDIT / DEBIT cards, too gets integrated into that COMMON database of IT

 

 

            STEP  #  4

 

Ø  All sale / purchase transactions by all other Electronic Fund Transfer Network ( EFTN ), too must be also transmitted / deposited , into this COMMON DATABASE of TRANSACTIONS

 

 

           IN  NUT-SHELL  :

 

Ø  All sale / purchase transactions of any kind ( goods or services ) , MUST all get into a COMMON / CENTRAL database , through introduction of a UTI ( Unified Transaction Interface )

 

 

            UPI + UTI = " Less Cash " + " Less Evasion " + " Less Black "

 

 

             I request Shri Arun Jaitley-ji to consider my suggestion

 



================================================

With regards,

Hemen Parekh  /  hcp@RecruitGuru.com / 23 April 2022

 

 

 

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