There
is a Simpler Way !
A
study by Harvard researchers ( led by former Standard Chartered Bank Chief , Peter
Sands ), recommends doing away with the most popular banknotes used to evade
the banking system : the US$ 100 note / the 500 Euro note / the 1000 Swiss
franc note and Britain's 50 pound notes
If
those large bills were eliminated, argues the Harvard University study, the
drug dealers , arms traders , terrorists and tax cheats would find it a whole
lot more onerous and risky to move their cash around undetected , carrying huge
sacks of small denomination notes
Apparently
Harvard researchers did not know that , tax cheats of India have,
*
Siphoned away Rs 34.4 lakh*crores to foreign banks in past 10 years
*
Stashed away (my guess) TEN TIMES as much (Rs 500/1000 notes) in local bank
lockers
Had
they known , they would have whole heartedly agreed that my following
suggestion is a far SIMPLER / FASTER / SURER method to eliminate BLACK
MONEY , forever :
* Discontinue
paper-based currency notes of Rs 500 and Rs 1,000
* Introduce plastic
currency notes of Rs 500 / 1,000 which are embedded with RFID sensors ( far
thinner than a human hair ! ) , always broadcasting their presence to
Internet of Things ( IoT )
* Assign to each such
note, a IP V 6.0 address , linked to its unique note number
* Set up a IT-enabled
Technology Platform which will constantly monitor any accumulation of Rs 500 /
1000 RFID embedded notes in excess of Rs ONE CRORE within an area of ONE square
meter
Only 2 days back , Mumbai
police caught a van carrying Rs 500 / 1000 currency notes worth Rs 2.84 Crores
, hidden in a secret compartment below the floor board
If my suggestion is
implemented , who would want to be followed / tracked on Google Map ,
( on the law-enforcer's
mobile App ), with a balloon inscribed with the value of those notes ?
I wish Shri Ravi Shankar
Prasad would tell Shri Narendra Modi :
" Modiji , this is the
ONLY foolproof way to solve the problem of BLACK MONEY , without worrying about
introducing a MONEY BILL in Lok Sabha
And our bright young Start
Ups are capable of implementing this within 6 months
Please , give me a GREEN
SIGNAL ! "
-------------------------------------------------------------------------------------------------------
hemenparekh.in / blogs
07 March 2016
hemen
parekh
Marol
, Mumbai , India
(
M ) +91 - 98,67,55,08,08
No comments:
Post a Comment