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
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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 :


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hemen  parekh
30  Jan  2016




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