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

Saturday, 30 January 2016

HELP RID OF BLACK MONEY


Dear  Legislator :

By sending your suggestions to concerned Ministers , you provide valuable inputs for framing of rules / regulations / policies
You will agree that the current  issues of greatest importance , are
*    Stopping future generation of BLACK  MONEY
*    Eliminating CORRUPTION which holds back ECONOMIC  DEVELOPMENT
If you agree that my suggestion below , provides the easiest / quickest / simplest solution to these twin problems ( two sides of the same coin ? ) , then please forward it to Hon Prime Minister and Finance Minister

with regards ,

hemen parekh   /   Mumbai   /   hcp@RecruitGuru.com   /   (M) 0-98,67,55,08,08
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
GLOBAL    CORRUPTION     INDEX

Global Corruption watchdog , Transparency  International , just released its report for year 2015
Out of 168 countries surveyed , India ranked at position 76
That was an improvement from position 85 in year 2014
Jose Ugaz , Chair , Transparency International , made following remarks ,
"  Corruption can be beaten if we work together to stamp out the abuse of power bribery and shed light on secret deals .
Citizens must together tell their governments , they have had enough !
Leaders in India and Sri Lanka had fallen short of the bold promises they made to combat corruption "

QUESTION
Can India leapfrog 75 positions to rank # 1 in 2016  ?
ANSWER
Yes , it can - and with very little Judicial / Administrative / Legislative effort  !
HOW  ?
By implementing following suggestion which I have been making for past one year :
#   INTERNET  OF  THINGS ( IoT )

     As each currency note of Rs 500 / 1000 , is getting printed , embed it with microscopic
     RFID chips ( with this , current cost of a RFID chip will fall from 50 paise to 5 paise )

     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  !



#   IP 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 !

Here are the most important BYE - PRODUCTs :

*   No more possibility of  FAKE / FORGED / COUNTERFEIT , currency notes ( currently estimated @Rs 2500 Cr )

*   No thief would ever want to steal such currency notes which continuously announce their location
   
*   No one would want to make any " Cash Deal " . All payments will become official only !

*   Plastic currency notes will last 10 times longer !

*   Who will buy GOLD biscuits , using RFID embedded notes ?  No need for PAN card  !

*   No giving / No receiving of bribes ! No disproportionate assets  ! THE END  of  CORRUPTION  !

*   END  of  BLACK  MONEY  ! 
  
    
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  ! Of course , visible only to IT officers ; not to general public !

     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 , RBI will need to allow 6 month's time to the owners of current paper currency notes of Rs 500 / 1000 , to get these exchanged with new plastic notes before withdrawal of the old notes from circulation

Implementation of this suggestion , does NOT require passing of any BILL in Lok Sabha or being held to ransom in Rajya Sabha !

And it can be implemented in India , within ONE YEAR

HOW  CAN   YOU   MAKE  THIS   HAPPEN  ?

Just blast this ( FREE ) , to Central - State Ministers / Secretaries / MPs / MLAs etc , from page :


------------------------------------------------------------------------------------------------------------------------------ 
hemen  parekh
30  Jan  2016




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