Song / Dance / Retro Step ?

A news headline in Hindustan Times ( 21 Oct 2016 ) reads :

" SEBI to make a song and dance about defaulters "

Fraudsters and defaulters who have failed to return investors' money

SEBI circular reads :

" Besides these agencies will have to make a proclamation of attachment / sale at or near the attached property on the beat of the drum or through loudspeakers "

SEBI is keenly aware that the " non-returned " money ( Rs 500 / 1000 currency notes ) is lying in a cupboard / cabinet / safe of the defaulter at his residence or in his safe deposit lockers in several banks

Now those " Singing and dancing Agents " employed by SEBI can beat their drums for only a couple of hours !

But , if those currency notes were embedded with RFID micro-sensors ( as repeatedly suggested by me during past 2 years ) , there would be no need to " beat those drums " to " shame the scoundrels " !

Those RFID embedded notes would announce their " accumulation " ( if exceeding an amount decided by SEBI / IT / ED ) , on a mobile app ( to be called , FUGITIVE ? ) , on the mobiles of all those residing within 500 meters of the defaulter - 24 hours - until he returns the investors' monies !

Now the BAD NEWS ,

Business Line ( 22 Oct 2016 ) carries a news that RBI is on the verge of introducing , a currency note of Rs 2,000 denomination !

A case of , " SEBI proposes , RBI disposes " ?

Will that not making it even EASIER to carry / hide , large amounts of CASH ( read , BLACK MONEY ) ?

Today , an amount of 10 LAKH Rupees in Rs 1,000 currency notes , weigh about 1.1 kg

In Rs 2,000 note , this will barely weigh 0.55 kg !  Light enough to be carried in your shirt pocket  !

On the face of it , this seems like a totally retrograde step

Unless , those Rs 2,000 notes are already embedded with RFID sensors

And , Government decrees that existing notes of Rs 500 / 1000 , will cease to be legal tenders , 6 months after introduction of Rs 2,000 notes and can be exchanged with the new notes during intervening period ( no questions asked )

We will soon know the " Agenda " of the Government  !

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22  Oct  2016

www.hemenparekh.in / blogs     

Fast Forward to Future ( 3 F )

A news headline in Hindustan Times ( 21 Oct 2016 ) reads :

" AI could end civilization "

Speaking at the launch of the Leverhulme Centre for the future of Intelligence ( CFI ) , celebrated scientist , Stephen Hawking said :

" Success in creating AI could be the biggest event in the history of our civilization . But it could be the last - unless we learn how to avoid the risks

Alongside the benefits, AI will also bring dangers like powerful autonomous weapons or new ways for the few to oppress the many

We cannot predict what we might achieve when our own minds are amplified by AI

Perhaps with the tools of this new technological revolution, we will be able to undo some of the damage done to the natural world by the last one - industrialization "

There is hope , Dr Hawking  !

In the form of the " Speech Recognition " technology breakthrough , announced yesterday by Microsoft

A system that recognizes spoken words , just as well as a human

How can this breakthrough save the humanity from a " Evil Runaway AI - ERA " ?

Here is how :

#  Every smart phone to be embedded with this technology ( and every human to carry one , all the time ), in

    the form a mobile app to be called ARIHANT (  Conqueror of Kaam-Sex / Krodh-Anger / Lobh-Greed / Moh-Desire / Mud-Ego / Matsar-Envy )

#  24*356 , this technology will pick up ( record ) , every single word spoken by the owner , throughout his life

#  All these spoken words ( conversations ) , will be transmitted to a CENTRAL DATABASE called ,

    MIND READER  Of  HUMAN  INTENTIONS

#  There , the BIG DATA ANALYTICS / AI , will interpret those " Intentions " and alert authorities for any EVIL

    INTENTIONS ( those that break the 3 LAWS Of ROBOTICS , formulated by Isaac Asimov )

#  Authorities will be alerted to arrest the owners of EVIL INTENTIONS ( captured by ARIHANT )

If Google could become a " Database of written Intentions " ( through more than a billion typed Search Queries per day ) , then there is no reason to disbelieve that ARIHANT could become a " Database of Spoken Intentions " of the entire mankind ( may be a billion conversations , EVERY SECOND ! )

And since Google is a member of a consortium formed a few weeks back for the advancement of AI , it will be too happy to integrate its own , very powerful " Language Translation Software " into the ARIHANT

This will enable catching of  EVIL INTENTIONS  expressed in any language !

Fast forward to 2026

If implemented , ARIHANT ( the Omnipotent / Omnipresent / Omniscient AI ) will eavesdrop on every spoken word of every human being , decipher the problem faced and deliver personalized / customized solutions through IoE ( Internet of Everything ) network

And what can stop ARIHANT  from picking up all exchanges of data communication, between those " powerful autonomous weapons " if they are embedded with IoE enabled sensors and each assigned its own IP V 6 address ? 

It is not enough to raise questions about the potential evil usage of AI

We must find methods to prevent such evil use of AI

Mankind must be saved !

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21  Oct  2016

www.hemenparekh.in / blogs

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

Added on  02  April  2020  :

ARTIFICIAL AND BIOLOGICAL NEURONS JUST TALKED OVER THE INTERNET

SCIENTISTS DEBUT SYSTEM TO TRANSLATE THOUGHTS DIRECTLY INTO TEXT

  

Tip of the Iceberg ?

DNA MONEY ( 13 Oct 2016 ) has following screaming headline :

" Rs 30 lakh*crore black money in stocks : I-T

It reads :

" The IT department's figures for 2014 - 15 , show that the stock market's turnover more than doubled from Rs 32 lakh*crore to Rs 66 lakh*crore . In the same period, the number of alleged and potential tax evaders soared about 150 %

Figures from the documents show that just 3 % of total investors in the stock market have invested Rs 61 lakh*crore in BSE-listed companies ( 92 % of the total investment )

The documents also show that out of the 3 % of high net worth investors, about 47 % have not filed I-T returns for 2014-15

In fact, these documents claim that investors have routed about Rs 30 lakh*crore of funds through stock transactions in a year , without disclosing their income

Of the 47,625 entities which did not file I-T return in 2013-14 , as many as 46,119 ( 97 % ) , were individuals "

Apparently , I fail to grasp how Rs 30 lakh*crore worth of BLACK MONEY , got invested in stocks , when :

#   Share Certificates are in Demat format ( with full details in demat accounts of account-holders )

#   Trading is Online ( with entire transaction log available on BSE central server )

#   Payments ( received against a sale ) are through banking channels

I suppose , somewhere along the TRANSACTION  TRAIL , cash ( in the form of Rs 500 / 1000 currency notes ) , enters  into the picture - only to disappear somewhere else without leaving a visible trail !

Here is one more reason to implement my repeated suggestion to replace current / paper currency notes of Rs 500 / 1000 , with new , plastic currency notes embedded with RFID micro-sensors

Much like those Process Control Panels ( SCADA ) in Master Control Rooms of ,

#    Petroleum Process Plants

#    Power Generation Stations 

#    Power Transmission Load Balancing / Dispatch Rooms

#    Air / Rail Traffic Controllers

#    Mobile Phone Traffic Controllers

#    Foreign Exchange Traders

#    ISRO .............etc ,

a  BLACK MONEY FLOW CONTROL PANEL  in the control room of I-T / ED , will light up with a RED SIGNAL , the moment RFID-embedded CASH enters the flow of money in Stock Trading !

Of course , persons who have never been inside any such Master Process Control Centers , may have doubts

But not Shri Narendra Modiji , who has been inside ISRO Control Center and witnessed how Indian Scientists launched / tracked / monitored and controlled the trajectory of Mars Orbital Mission !

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14  Oct  2016

www.hemenparekh.in / blogs

When will we learn ?

Yesterday , our Commerce Minister , Nirmala Sitharaman asked the Chinese to " balance Indo-China trade " , meaning :

" Please buy more from us and export less  to us  "

From time to time, most countries levy " Anti Dumping Duties " or even " Quantitative Import Quotas " on goods being imported into their countries , in order to protect local industries

This is a long and complicated process , which again , can be resorted to , only temporarily

This morning newspapers carry a news of Gujarat Chamber of Commerce asking its 2 lakh Member businesses to boycott Chinese goods , even while encouraging some 100 Chinese companies to invest Rs 6,000 cr in Gujarat to set up factories

Last month , Chinese exports to other countries world-wide dropped by 10 % !

With economic growth in most countries staying stagnant or turning negative , world-wide trade is slowing down and international competition is getting fierce !

For a long term solution , not only for economic growth but also for providing jobs to millions of unemployed Indian youth , it is time we introspect along the lines of my following blog , some 2 years back :

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Saturday, 8 November 2014

HOW CHINA MAKES CHEAP ?

A few days back , I heard , Government of India banned imports of cheap Chinese fire-crackers ; presumably to protect the jobs of thousands of workers , working in the fire-cracker factories of Shivkashi and elsewhere

This morning newspapers carry headlines :

" Lakhs of poor women working in Agarbatti factories thrown out of jobs , due to imports of cheap Chinese Agarbatties "

Soon expect a ban on imports of Chinese Agarbatties  !

It is the same story with big manufacturers of ,

*   Power Generation equipment

*   Solar panels

*   Machine Tools

*   Construction Materials........etc

Indian manufacturers of these equipment want India Government either to ban imports of such equipment altogether or impose huge import duties to discourage its imports

They are telling Government :

" If you don't , thousands of workers will lose jobs "

In turn , the Indian Government is telling the Chinese :

"  We already have a negative trade balance with you , of about $ 35 BILLION.
   You must help us correct it by buying from us MORE ( of those expensive goods that we manufacture ) ,

and,

Stop exporting to us all of those CHEAP Chinese goods "

Question is :

How many Chinese goods can we stop importing ?

No one seems to be asking :

"  What enables the Chinese Manufacturers to make those goods so cheap ? "

May be - just may be - India Government , and those Indian manufacturers , need to find answers to this question  !

May be , we need to IMPORT those Chinese Labor Policies /  Government Procedures / Manufacturing Practices / Bank Interests /  Tax rates  / Land Usage laws / Single Window clearances and a hundred other things that have enabled China to become , the " Workshop of the World "  !

That is the only way to save - and create - JOBS , in India

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14  Oct  2016

www.hemenparekh.in / blogs

A Devil's Advocate ?

My friend Gurudatt has a sharp / questioning / inquisitive mind

While keen to embrace technological solutions to our Society's problems , he does not accept them simply because they are " New / Different / Out of the Box "

Following are the questions that he raised after reading my yesterday's blog ( emailed to the Policy Makers )

{  Fear works better than Persuasion  /  http://myblogepage.blogspot.com/  } :

Guru :

Will all the physically available currency notes have to be tendered to the appropriate authority for embedding RFID within some set time limit ?

Me :

Government to announce that,

#  Old ( paper ) currency notes of Rs 500 / 1000 , will cease to be legal currency from ( say ) , 01 April 2018

#  New ( plastic ) currency notes , embedded with RFID sensors , will be introduced from 01 Oct 2017

#  Between Oct 2017 and April 2018 , both types of notes will continue parallel

#  During this 6 month window , owners of OLD notes can get these exchanged for NEW notes , at any bank

    branch, without any questions asked

#  Collected OLD notes will be destroyed

Guru :

Would RFID embedding not be resorted to by unauthorized wings of the parallel economy either because it is not affordable or too high-tech for them to replicate ?

Me :

No technology is fool-proof ! And all technologies can be misused !

But , I believe RFID sensor embedded plastic currency notes , will be difficult to forge

We can make this ( forging ) still more difficult by resorting to Steganography  ( encrypting one more set of unique

Currency Note Number , inside Bapu's photo ! )

Guru :

How would the common people know if the notes received by them are with RFID / if the notes received with RFID are genuine or not ?

Me :

This will require integration of several technologies ( all existing / simple, and in wide spread use for a long time )

Here is how :

Each RFID sensor will be assigned a unique IP V 6 , Internet Protocol Address

Since IP V 6 , has 340 trillion trillion trillion , unique addresses , there is no danger of running out of unique addresses for ALL the currency notes of ALL the denominations , of ALL the countries of the World !

Strictly for this purpose ( RFID embedding in currency notes ) , ICANN will make available a special / unique " Number Series " , to each country, which it will use while printing its own high denomination notes

This IP number will also get linked to the Unique Serial Number of each currency note

All mobile phones ( I am assuming these will all be Smart phones ) , will have GPS / NFC / Internet Connectivity /

Biometric reader through built-in camera and be pre-installed with an App ( called , GenuFake  ? )

I am sure you are aware that even today , a few Pharma companies print a small " Bar Code " on each and every

strip of medicine that they sell . All that a buyer does is to " scan " that bar code with his mobile camera and

 forward that image to the phone number printed on that strip as an SMS . Within 5 minutes , the sender receives

 an SMS confirming whether that strip is genuine or not !

To verify whether a Rs 500 / 1000 plastic note is genuine or not , all that the owner will need to do is to lay it flat

on the screen of his Smart phone !  Instantly a message ( Genuine / Fake ) will appear on the screen ! The

Currency Serial Number noticed by the phone / app , will also appear on the phone screen

AND ,

that Serial Number will also get instantly transmitted to the Income Tax / Enforcement Department , so they come to know instantly , who has that fake note and exactly " where " ( GPS )

For the benefit of the illiterate , the message will " Speak Out " , in the language of owner's choice !

For the " Doubting Thomas " :

The verification that I have described above for determining the genuineness of a currency note , is far simpler

than mobile App " iCARE " ( free to download )

Just place your finger tip on the lens of your smart phone camera and see the screen displaying your Blood Pressure / Heart Rate ( pulse ) / Oxygen level in your blood / one month history  !

Guru :

Would the common people need any simple, handy & affordable device to read / check RFID authenticity ?

Me :

I believe my earlier answer covers this question

Consider this : Currency notes are carried in a pocket ( loose or in a wallet or a purse )

Usually , smart phones are also carried in some other pocket ( or inside a ladies' purse )

Using NFC , that smart phone is constantly exchanging " data " with the RFID embedded currency notes in the

pocket ( remember , IoT - Internet of Things ? )

In turn , that phone is interconnected with the servers of IT / ED ( through mobile towers / ever present WiFi )

That enables IT / ED to track " each and every " RFID embedded note , for every minute of its life !

Forget classic book " 1984 " ( George Orwell ) . For RFID notes , there is no place to hide !

Guru :

Would there not be clandestine attempts to rob the RFID currency and replace it with the ones without RFID [ which happen to be part of the cash undeclared within the stipulated time]  ?

Me :

Very good observation !

This is all the more reason that those hoarders of old ( paper ) notes will be in a great hurry to rush to the nearest bank branch on 01 Oct 2017 , to exchange with new ( plastic ) notes !

Dear Guru ,

You might want to look up my following earlier blogs ( all sent as emails to NDA Policy Makers ) to better grasp,

how my suggestion would permanently eliminate the twin evils of CORRUPTION and BLACK MONEY :

 *     Networking  of   Currency    Notes

 *     Redesign  Bank Notes  for  Black Money  Management

 *     Currency  Maps  of  India

 *     Oracle has   spoken  !

 *     Wealth of   India  ?

 *     There is  a  Simpler  Way  !

 *     A Tale  of  Two  Tracking

 *    Trash the  Cash

 *    Forever  probing  ?

 *    This cannot   be  true  !

 *    Global Corruption  Index

 *    Going Cashless

 *   Track  the  Black

 *   March   of  the   Algorithm 

I hope our Policy Makers realize the impact that bringing Rs 65 lakh*crore of BLACK MONEY into productive MAIN STREAM can have on our economy / employment / infrastructure / education / health / poverty etc

And only one person has the courage - and the people's mandate - to implement my suggestion

I hope someone will see that this reaches Shri Narendra Modiji  !

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12  Oct  2016

www.hemenparekh.in / blogs