Making
Molehill out of Mountain ?
Yes , you read it right !
How else can you describe the following ?
* Gold Monetization Scheme managed to
garner 400 gms of Gold in first 15 days
Extrapolate to 100 Kg in a
year ( give benefit of doubt )
How many years to attract all
of 20,000 TONNES , estimated to have
been hoarded by
Indian citizens ? (
Valued at Rs 52 LAKH*CRORES )
Correct answer : 200,000 years
* SIT appointed by Govt , managed to uncover (
not get back ) , Rs 10,000 Crores worth of
black money , illegally stashed
abroad by Indians ( approx $ 2 Billion )
, in one year.
How many years will it take to bring
out into open , $ 2000 Billion worth of
domestically
hidden black money ( Gold / Land /
benami assets etc ) ?
Correct answer : NEVER
Why could be the reason for this outcome ?
Simple .
There is no power / law on Earth , which can vanquish
" Human Greed "
But there is a way to bridge the divide between "
Greed " and " Goodwill "
By harnessing the " GREED
" to lead India to " GREATNESS
"
By :
* Abolishing
Personal Income Tax ( Revenue loss of Rs 2.4 Lakh*Crores )
* No questions asked for any amount of cash
deposited in Jan Dhan Yojana bank accounts
* By launching
SPVs for , Infrastructure / Health / Education / Renewable Energy /
Electric Transport
/ Green Cover Forestry / Affordable Housing / Smart Cities etc
* No questions asked as to the source of
funds invested in such SPVs ( Amnesty Scheme
)
* Dividend / Interest from such SPVs to be
directly credited to Jan Dhan bank accounts
* Introduction of Bank Transaction Tax ( BTT ) @ 2% to yield revenue of Rs 15
lakh*crore.
With ZERO personal Income Tax
, expect official bank-transactions to go up from current
3 % to over 80 % !
Especially with introduction of Mobile Wallets by EVERY bank !
* 2 % ( out of 27 % ) of GST , to be directly deposited in the PPF a/c
of the buyer
( This will ensure that all citizens
have PPF account )
* This 2 % to be used to pay the
premium for that person's health insurance
This is , in my opinion , the surest / fastest / least
controversial method to :
# Solve the problem of BLACK MONEY for ever
# Put that $ 2000 Billion worth of BLACK
MONEY to productive use
# Generate 100 million jobs in 5 years (to
take care of addition of 12 million to workforce )
# Raise GDP to 10 % by 2016-17
Best feature of my proposal :
No need to beg the opposition to pass
any BILL in Rajya Sabha !
India needs a miracle to bring its 400 million BPL (
below the poverty line ) people out of abject misery
Tinkering won't do !
-------------------------------------------------------------------------------------------------------
hemen parekh
20 Nov 2015
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