Dear
Sir ,
Even
as I was watching this program on your channel last evening , I tried several
times to call up 0120 , 4369674 - but could not get through
No
amount of laws will stop generation of Black Money . We have tried every legal
method over the past 20 years , without making a dent !
Implementing
my following suggestion does NOT require passing any law , and yet , it is the
only solution !
Over
the past year , I have sent it to Ministers / Secretaries / MPs / MLAs /
Economists / RBI etc
I
am not surprised that not ONE of them has bothered to comment on it !
I
hope you have the courage to support it
hemen
parekh
Marol
, Mumbai , India
(
M ) +91 - 98,67,55,08,08
-----------------------------------------------------------------
GOING CASHLESS ?
Government is encouraging use
of Credit / Debit cards , in order to reduce cash payments , which , currently
account for nearly 80 % of all payments
Measures ( Positive and
Negative ), being considered / announced , include :
* Elimination of
transaction charges on purchases of Petrol , using Credit Cards
* Income Tax benefits
for individuals making payments thru Debit / Credit Cards
* Disclosure of PAN for
#
cash transactions above Rs 2 Lakhs
#
settling hotel bills that exceed Rs 50,000
#
booking air tickets / tour packages , exceeding Rs 50,000
#
opening a bank account ( except for Jan Dhan Yojana a/c )
* Incentives to shop
keepers and traders to accept electronic payments
While announcing these
measures , revenue secretary , Shri Hasmukh Adhia said :
" ...to
collect information on certain types of transactions from third parties in a
non-intrusive manner , the income-tax rules require quoting of PAN where the
transactions exceed a specified limit "
Are we missing the woods for
the tree ?
What can be more "
non-intrusive " than embedding Rs 500 / 1,000 currency notes with RFID
micro-chips , thinner than a hair ? Each sensor, continuously broadcasting its
location to the Income Tax Authorities , even as it moves from one hand to
another ?
And " shouting from the
rooftop " each physical location, where there is an accumulation of Rs ONE
CRORE worth of such notes !
And assigning a UNIQUE
Internet Protocol ( IP V 6.0 ) Address to each and every such high
denomination currency notes ? - which could , even be its Currency Note Number
?
Why bother to "
incentivize " citizens to use electronic payments ?
Why bother to introduce rules
/ regulations and make life difficult for everyone - including for those
officers responsible for enforcement ?
Just implement this and watch
90 % payments being made thru electronic means / devices , within 6 months !
I had sent my above mentioned
suggestion to Shri Arun Jaitleyji , when Govt had put out a paper ,
" Draft Proposals For
Facilitating Electronic Transactions " ,
and sought public comments
Implementing this does not
require passing any bill in Rajya Sabha !
If you have a better idea to
dramatically reduce the menace of BLACK MONEY and CORRUPTION , in a single
stroke , I request you to rush it to Shri Jaitley-ji , before 29 Feb 2016 (
Budget date ) at...
Or ,
just forward this to him
A recent news report spoke of
printing of 30 Crore notes of Rs 1,000 denomination
, WITHOUT that identifying
silver thread
Some of these defective notes
even went into circulation ! Rest had to be destroyed
This would never happen if a
RFID micro-chip ( much thinner than that Silver thread ) were to be embedded in
each note
A Inspection device , costing
no more than a few thousands of rupees and sitting on the Printing Line
would immediately detect any note WITHOUT the RFID
A bell will ring and a
robotic arm would pick up and set aside such a defective note
And if this was to happen to
10 notes in a row , the printing press will automatically shut down !
This technology is already
working in hundreds of factories around the World
And embedding a RFID chip is
much simpler than inserting that Silver thread !
-----------------------------------------------------------------------------------------
hemen parekh
24 Jan 2016
----------------------------------------------------------------------------------------------------------------------------------------------
Monday, 21 December 2015
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 !
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
22 Dec 2015
B2BmessageBlaster
-----------------------------------------------------------------------------------------------------------------------------------------------
Tuesday, 3 November 2015
NETWORK OF CURRENCY NOTES ?
( A Mobile
App called, " BLACK-MAIL " )
------------------------------------------------
------------------------------------------------
While inaugurating the
International Conference on " Networking the Networks " on Nov 2 ,
our FM Shri Jaitleyji said :
" Tax evasion and money
laundering will become extremely difficult in the next 1-2 years, with the
global automatic exchange of information system coming into effect on a real
time basis "
To speed up this process and
make it truly automatic / real time , I suggest resorting to the following
technologies :
# Internet of
Things ( IoT )
As
each currency note of Rs 500 / 1000 , is getting printed , embed it with
microscopic
RFID
chips
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 !
# Internet Protocol
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 !
* Plastic
currency notes will last 10 times longer !
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 !
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
Now , would not that
distribute the hidden , unaccounted wealth ! - a welcome fall out !
But then such transparency
might lead to break-down of social order / chaos
It may be a better / safer /
saner solution for such balloons / tag clouds to appear , on a secret Mobile
App , available only to the officers of Enforcement Department ( ED )
You may want to call this app
, " BLACK-MAIL " !
Of course , my suggestions
may become outdated with the arrival of mobile wallets based CASHLESS SOCIETY ,
by 2030
In
the meantime , should Shri Arun Jaitleyji and Shri Ravi Shankar Prasadji , want
this implemented , it can be done in 6 months , at one tenth the cost of MoM (
Mars Orbital Mission ) , ie approx Rs 43 Crores
All they have to do , is to
tell the bureaucracy :
" Since we need not
depend upon Opposition parties to pass a bill in Rajya Sabha , please go ahead
and implement this - in less than 6 months "
--------------------------------------------------------------------------------------------------
hemen parekh
04 Nov 2015
B2BmessageBlaster
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