RE: CASH TO DIGITAL SUMMIT

GIVE   AND    TAKE

Dear Shri Modiji :

It was statesman like for you to reach out to Congress leaders last evening , in order to reach an agreement on GST

All negotiations have two , initially opposing , parties

No agreement can be arrived at , on the " Terms " of only one of the parties

A customer sold against his will , ceases to be a customer  !

Agreements imposed through numerical strength of membership , are bound to get sabotaged

To arrive at a " Lasting Solution " , there must be give and take

Here is my suggestion :

NDA  GIVE  :

*    Accept a cap of 18 % for GST in the Constitutional Amendment Bill

NDA  TAKE :

*    A provision in Bill to enable the Government of the day , to raise the GST % in

     subsequent years , through an enabling provision

     

     This provision ( not mandatory ) , will allow the Government to raise the GST %

    through the Annual Central Budget each year

      ( anyway , Union Budget has to be passed in Lok Sabha , each year )

*   The amount by which GST " may " get raised , to be calculated as follows :

     #    Starting GST %   =    18 %

    #     Assume that , in 2016-17 , CPI rises by 10 %

    #     Take  5 %  of that 10 % rise in CPI .   That works out to 0.5 %

    #     So , in 2017-18 , GST may be raised by 0.5 % , to become 18.5 %

    #     This is the UPPER LIMIT . Government may choose to revise GST to any

           figure less than 18.5 %

This is a perfect  FACE SAVING  FORMULA

Carpe  Diem !  Cease this moment to strike a deal by today evening  !

Good Luck  !

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hemen  parekh

28  Nov  2015

B2BmessageBlaster

From: Hemen Parekh [mailto:hcp@recruitguru.com]
Sent: Wednesday, November 04, 2015 11:39 AM
To: 'nandan@nandannilekani.in'; 'sukumar.r@livemint.com'; 'dg@uidai.gov.in'; 'santanu.mukherjee@janalakshmi.com'; 'memberbanking&hrd@indiapost.gov.in'; 'nitin.gupta@payumoney.com'; 'rkathuria@icrier.res.in'; 'mssahoo@cci.gov.in'; 'bindu.ananth@ifmr.co.in'; 'vss@one97.net'; 'satyen.kothari@citruspay.com'; 'rsprasad@nic.in'; 'ajaitley@del5.vsnl.net.in'
Cc: 'pramod.saxena@myoxigen.com'; 'padmanabhan.a@livemint.com'; 'rajiv@axisbank.com'; 'sudhakar.shetty@vodafone.com'
Subject: CASH TO DIGITAL SUMMIT

Dear Sirs / Madams ,

I would have loved to listen to your views at the conference on

CASH  TO   DIGITAL   SUMMIT ,

being organized by MINT on 06 Nov 2015

Being unable to attend due to health issues , I request you to take up for discussion , my following suggestion

I would be happy to receive your views on its feasibility - or otherwise

with regards,

hemen  parekh

Mumbai / (M) 0 - 98,67,55,08,08

hcp@RecruitGuru.com

www.hemenparekh.in>Blogs

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NETWORK   OF   CURRENCY    NOTES ?

While inaugurating the International Conference on " Networking the Networks " on Nov 2 , our FM Shri Jaitleyji said :

" Tax evasion and money laundering will become extremely difficult in the next 1-2 years, with the global automatic exchange of information system coming into effect on a real time basis "

To speed up this process and make it truly automatic / real time , I suggest resorting to the following technologies :

#   Internet of Things ( IoT )

     As each currency note of Rs 500 / 1000 , is getting printed , embed it with microscopic

     RFID chips

     Besides communicating with each other , these chips will also transmit their existence

     location , through internet , to cloud-based servers of Income Tax Department

     This will form a " NETWORK  OF  CURRENCY  NOTES ( NoC ) "

     You may like to call this Internet of Currency ( IoC ) , a sub-set of IoT  !

#   Internet Protocol Address System ( IP V 6.0 )

     Each Rs 500 / 1000 currency note must be assigned ( at the time of printing ) , its own

     unique Internet Address , using IP V 6.0

     This IP address should be linked with the unique Serial Number printed on each note.

     Since IP V 6.0 , will be capable of assigning   " 2 * 10 to the power of 128 ", no of  IP

     addresses , there is no danger of running out of addresses , even if we decide to extend

     this idea to Rs 100 currency notes !

    

    

This reform will enable the Central Government / Income Tax Department , to :

*    Continuously trace the movement of each of these higher denomination currency notes

*    Instantly locate any place ( using Google Map based GPS ) , where there is an

     accumulation of more than Rs 1 Crore worth of currency notes

     Such accumulation will be made to appear as a TAG CLOUD on the web site of IT Dept,

     like thousands of balloons floating on a map of India , capable of being drilled down to

     within 1 Sq Meter  !

     On each balloon , will appear a number announcing , " Amount of Cash here - Rs " !

     This will vastly simplify the task of Anti Corruption Dept / Enforcement Dept etc

Of course , my suggestions may become outdated with the arrival of mobile wallets based CASHLESS SOCIETY , by 2030

In the meantime , experts may want to opine whether my suggestions make sense , theoretically and practically ( if so , by when ? ) to tackle the menace of black money generation

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hemen  parekh

04  Nov  2015

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