With reference to demonetization of old currency notes
, Government , yesterday came out with the following clarification :
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By 30th Dec , you are welcome to deposit any amount of
OLD notes in your bank account ,
BUT,
If that deposit exceeds Rs 2.5 lakhs , you will need to
pay on the excess , 30 % tax plus 200 % penalty
AND
possible prosecution / jail term
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Having introduced the easy INCOME
DECLARATION SCHEME earlier
and having repeatedly warned the Black Money
holders of dire consequences if they do not come clean , it is understandable
that the Government has to live up to its words !
With this clarification , one thing is very clear
No one holding crores of Black
Money , is going to come forward and deposit more than Rs 2.5 lakh in
his bank account !
Even if he has that 230 % ( tax + penalty ) in WHITE /
OFFICIAL bank account , who wants to go
to jail ?
So , what will they do ?
Of course , BURN UP those old currency notes in order to destroy all
evidence !
Now Black Money stashed away locally are estimated at Rs 30 lakh*crore ( @ 15 % - 20 % of our GDP )
Let us say , only 33 % of these are in the form of CASH ( balance being locked up in Gold / Land etc )
This means , some Rs 10 lakh*crore worth of Rs 500 / 1000 notes will get burned in the
coming days - adding to air pollution !
Can something be done to , put these money to some PRODUCTIVE USE ( without putting those Black Money holders behind bars ) ?
Let me provide a context , as follows :
A person convicted of having committed a murder and
punished with death penalty , says,
" I know I
must suffer the consequences of my heinous crime . But after I am declared dead
, please donate my heart for transplant and save someone who will , otherwise
die "
I believe our Society will accept such an offer gracefully , even if coming from
a murderer
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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10 Nov 2016
www.hemenparekh.in / blogs