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

Friday, 25 March 2016

RE: IoT is not a hype


Dear Sanjay,

Many thanks for your prompt reply

It was very heartening to get your authoritative opinion on my suggestion

I will , now pursue it vigorously with the Indian Government and keep you informed of any developments

Warm Regards,

Hemen Parekh

(M)=91 – 98,67,55,08,08

From: Sanjay Emani Sarma [mailto:sesarma@mit.edu]
Sent: Friday, March 25, 2016 5:56 PM
To: Hemen Parekh
Subject: Re: IoT is not a hype

Dear Mr. Parekh,

Yes, placing tags on money has certainly been considered in the past.  I think it is a matter of time before it happens. I do agree with your idea. 

Having said that, as more and more transactions become digital (credit cards, bitcoin, Adhaar card, etc.) the need for tracking cash goes down — ironically as our ability to track it increases.

-Sanjay
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Sanjay Sarma, 35-206 MIT. 617 253 1925 (T). 617 253 7549 (F).

On Mar 25, 2016, at 3:11 AM, Hemen Parekh <hcp@recruitguru.com> wrote:

Dear Sanjay,

I am referring to your interview in MINT ( 18 March 2016 ) , in respect of IoT / RFID, where you say :

*  IoT is all about extracting value from systems by connecting and automating certain actions

*  IoT wraps a layer of intelligence around these products to unleash their potential

I request you to read my following suggestion , keeping in mind that I am 82 years old and my first exposure to computer was to punch holes in cards at University of Kansas in 1956

Nevertheless, I would be delighted to know whether you consider my suggestion implementable

with regards,

hemen  parekh


Marol , Mumbai , India


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

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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

-------------------------------------------------------------------------------------------------


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

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Thursday, 21 January 2016

 

TRACK THE BLACK



After staying in a US prison for 18 months, Rajat Gupta , former MD of McKinsey , is at home

Confined to his apartment and required to wear an ankle bracelet that monitors his movements

Some years back , a few Indian students studying in US , were also forced to wear such bracelets - ostensibly for tracking their movements

Last week , there was a news report that all foreigners entering India , will be given special SIM cards that they must install in their smart phones - enabling Indian Authorities to track their movements and to quickly locate a foreigner who overstays his stay

GPS satellites of USA / Russia / China enable their militaries to locate objects on earth , just ONE CENTIMETER apart  !

Medical technology will soon enable doctors to insert into brain , dissolvable sensors , which broadcast the firing of the neurons

But , it seems , Economists / Bankers / Politicians are slow to accept my suggestion to embed all Rs 500 / 1000 currency notes with RFID micro-chips which constantly broadcast those locations to Income Tax Authorities , wherever there is an accumulation of such currency notes , exceeding an aggregate of Rs ONE CRORE ( or whatever )

This is the ONLY / PRACTICAL / SIMPLE  answer to kill two birds with one stone

The bird of BLACK MONEY

And the bird of CORRUPTION


Read my full suggestion at :

www.hemenparekh.in / Blogs 

*   How to Conquer Corruption 

*   A Network of Currency Notes


And let no one doubt the capability of  Indian Technologists to implement this in 6 months , if Shri Narendra Modi-ji was to mandate it

And this does NOT require begging the opposition to help pass any bill in Rajya Sabha !

Will any political party dare to oppose it , even outside the Parliament  ?



-----------------------------------------------------------------------------------------

hemen  parekh

22  Jan  2016

   


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