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 !
-------------------------------------------------------------------------------------------------------
hemen parekh
24 Dec 2015
(
Also read blog " CREATE WEALTH
to CREATE JOBS " at ,
www.hemenparekh.in > Blogs )
-------------------------------------------------------------------------------------------------------
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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