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

Saturday, 5 March 2016

Patents / New Tool


Dear Sachin :


Thoroughly enjoyed your elucidating article ( Patents , New Tool for Money Launderers ) in ET of 02 March

No amount of new / tight laws will stop people to unearth ever-so-new  methods of generating BLACK MONEY and then , still more ways of converting it into WHITE MONEY

But I firmly believe that the permanent solution of " STOPPING  " future generation of black money is to implement my following suggestion


hemen  parekh


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 !

    
    
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

22  Dec  2015





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