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
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
------------------------------------------------------------------------------------------------------------
Sanjay Sarma, 35-206 MIT. 617 253 1925 (T). 617 253 7549 (F).
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
--------------------------------------------------------------------------------------
Tuesday, 3 November 2015
( 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
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
-----------------------------------------------------------------------------------------------------------------------------
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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