Dear Members
NITI Aayog
----------------------------
In the context of replacing India's current population of 200
million petrol/diesel vehicles with electric vehicles by 2030 , Shri Piyush
Goyal said :
" We are thinking of leading the World rather than following
the World "
It
is no different when it comes to the question of " Eliminating Corruption
through elimination of Black Money "
We
can lead the World by quickly implementing my following suggestion, or drag our
feet behind the China , which leads the World in transforming its society
through transforming its economy !
Of
course , economists ( and experts ) may point out unanticipated problems that
could arise
Questions
are :
Do
benefits outweigh the possible ( negative ) side-effects ?
Do
we have the luxury to conduct endless analysis , leading to paralysis ?
For
once, can we display the courage to cut the " Gordian Knot " ,
instead of trying to unravel it in vain ?
Whatever
your views , I would highly appreciate knowing these thru a response
with
regards,
Mumbai
/ hcp@RecruitGuru.com / (M) 0 -
98,67,55,08,08
--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Oracle has spoken
WHO
IS THE ORACLE ?
has
a bachelor's degree from IIT Kanpur , his master's from Carnegie Mellon
University and his PhD from the University of California , Berkeley
He
has authored more than 75 academic papers in Computational Geometry, Sensing,
Radio Frequency Identification ( RFID ),
Automation and Computer Aided Design
He
also serves on the boards of GS1 , EPCglobal , several start ups and edX , the
not-for-profit set up by MIT and Harvard
He
sent me following email on 25 March 2016 , after reading my suggestion below :
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).
Email : 'SESARMA@MIT.EDU'
------------------------------------------------------------------------------------------------------------------------------------------
WHAT DID I SUGGEST
?
( 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 sensors
Besides communicating with each other , these sensors 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 "
-----------------------------------------------------------------------------------
www.hemenparekh.in / blogs
26
March 2016
Warm Regards,
Hemen Parekh
Mumbai
(M)=91 – 98,67,55,08,08 / hcp@RecruitGuru.com
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