Dear
Shri Vembu :
Congratulations
on your excellent article ( Bribe-o-nomics
) in Business Line of 03 March
As
far as getting rid of Corruption ( and BLACK MONEY ) is concerned , I have ,
repeatedly sent my following suggestion to Ministers and other policy makers ,
over the past one year
Technically
, it is easily implementable - but I find the political will lacking !
One
does not have to go far to find the reason !
hemen
parekh
www.hemenparekh.in> Blogs
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
B2BmessageBlaster.com
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