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

Tuesday 12 January 2016

HOW TO CONQUER CORRUPTION


Dear

Business Leaders / Economists / Editors / TV Anchors :


Each one of you have considerable influence over the Government officers in charge of framing policies

As leading " Opinion Makers " , your contribution in Transforming India , is invaluable

If you believe that my suggestion detailed below , merits consideration , then I request you to support it in whatever way you feel appropriate

One of which could be , forwarding it to your employees / contacts  !

Who would not whole-heartedly support ,

Abolition of  Black Money / Corruption  ?


With regards,




hemen  parekh

www.hemenparekh.in >  Agenda  for  Reforms

Marol , Mumbai , India


( M ) +91 - 98,67,55,08,08



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How  to  conquer  Corruption  ?


There is only one sure - and superfast - way to get rid of corruption

By introducing :

NEGATIVE  MOTIVATION

    Putting behind bars ( - and right away ; not after 6 years ) , every corrupt fellow and
    immediately confiscating his ill-gotten wealth

POSITIVE  MOTIVATION

    By abolishing Personal Income Tax and introducing Amnesty Scheme , incentivize

      #  converting of black money into white

      #  acceptance of all payments thru official channels


As far as providing " Negative Motivation " is concerned , I had sent following suggestion to our Hon Prime Minister / Finance Minister / other Ministers / Secretaries etc , on 4th Nov 2015 :

#   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

*   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  ! 
   
    
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

But if Chinese President Xi Jinping comes to know about the practicality of this suggestion , he might implement it in 6 months  !

How come ?

Simple !  Xi Jinping has the political will  ! And no historical baggage  !

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hemen  parekh


24  Dec  2015

(  Also read blog " CREATE  WEALTH  to  CREATE  JOBS " at ,
 www.hemenparekh.in > Blogs  )
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PS:

One reader thought this is a " confusing " proposal !

I admit I am technically obsolete , having graduated in Mech Engg in 1955




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