Dear Shri Jaitleyji
Even though it would seem ironical , redesigning currency
notes for the visually impaired , could be the perfect solution for reducing /
eliminating the cancer of BLACK MONEY which is corroding the moral fabric of
our society
RBI is in the process of designing / launching a SOFTWARE
which would help visually impaired persons to correctly identify the
denominations of various currency notes
This SOFTWARE will be free and installed on all mobile phones
( - pl , do make it mandatory for all mobile phones sold in India )
And since redesign of Currency Notes is something which RBI
does with regularity, my following suggestion does not contravene the Model
Code of Conduct ! No need for a GR / a law or a need to SELL this idea to
opposition !
RBI : how about an audible note ?
In 2015, RBI announced new ₹500 and ₹1,000
notes with bleed marks and identification marks ( circle in ₹500 and diamond in ₹1,000
) to help the visually impaired. These notes were subsequently de-monetized
Then about an year back, RBI said in its
Bimonthly Monetary Policy Review :
The Reserve Bank is of the view that
technological progress has opened up new vistas for
making Indian banknotes more recognizable for
the visually challenged, facilitating their
day-to-day transactions - and added that it
would issue guidelines in six months.
Of the solutions considered, following were
implemented :
# Different sizes for different
denominations
# Embossed symbols
These have not helped much
Hence , this week , RBI told Bombay High Court
that,
# It was in the process of developing a mobile application to help
visually impaired identify
currency notes
# It has constituted four
member expert committee to develop a software for this purpose
# The new software will be available on most mobile devices free of charge
[ Mobile
app to help visually-impaired identify currency: RBI to Bombay HC
]
Dear Shri Shaktikant Das ,
This is your “ golden opportunity “ to rid the country of “ BLACK MONEY “ – by introducing a “ metallic security thread “ in all currency notes
How will this work ?
Using magnetic instead of
electric properties of the metallic security thread found in all currency notes
This new technique will
allow the security thread to store unique serial number of each note
( a simple method of magnetizing the metallic
security thread with zeros and ones, during the printing
process )
And enable that proposed software to ,
# Identify the denomination of
any note held close to the mobile phone , by reading those
zeros and ones [ or by taking a photo / image of the unique
Serial Number of a note ,
then converting into
text and finding its denomination value from Central Database ]
# Speak it aloud loudly ( for
the visually impaired )
More importantly , to transmit that
information to the Central Server of the Income Tax Department / Enforcement
Department / CBI / CVC etc , in case of Rs 2,000 notes !
No one will dare to receive or give-out , a
bundle of Rs 2000 notes !
Relevant Readings :
Currency
Notes for Visually impaired ? …………………………………………. 10 June 2018
How
Many Gigs Are You Wearing? ……………………………………………….. 26 Dec 2017
#RFID
, A breakthrough , at last ? ………………………………………………. 06 June 2018
From: Hemen Parekh
[mailto:hcp@recruitguru.com]
Sent: 03 November 2017 10:23
To: 'gshyam@cs.washington.edu'
Cc: 'Sanjay Emani Sarma'; 'hcp@RecruitGuru.com'
Subject: DATA STORAGE ON CLOTHS WITHOUT ELECTRONICS
Dear Shyam,
In yesterday’s “ Mumbai
Mirror “ , I came across following news :
“ New Fabric can store data
without electronics “
I also looked it up on your web page : https://homes.cs.washington.edu/~gshyam/
and saw the video and then wondered :
“ Can your technology help the Indian Government
, tackle the twin problems of ,
·
Detection of fake /
forged currency notes of high denominations ( Rs 500 / 2,000 )
·
Reduction
of BLACK MONEY ( usually held as CASH of Rs 500 / 2,000 notes )
Earlier , I had suggested to the Indian
Authorities to consider embedding RFID
nano-chips in those notes , to track any accumulation
of ( say ) 1000 notes in an area of 1 sq meter , anywhere in India
The idea of embedding RFID
was considered “ feasible “ by Sanjay Sarma
Only a few days back , I learned that the
Australian Government is considering embedding RFID
nano-chips in its $ 50 / 100 , currency notes for the purpose of
tracking the Black Money
In “ Mumbai Mirror “ news item , you are quoted :
“ This is a completely electronic-free design , which means you can
iron the smart fabric or put it in the washer and dryer. We are using something
that already exists on a smart phone and uses
almost no power, so the cost of reading this type of data is negligible “
Report further says :
“ The team also demonstrated that the
magnetized fabric could be used to interact
with a smart phone while it is in one’s pocket …
Scientists realized that this off-the-shelf conductive
thread also has the magnetic properties that can be manipulated to store either digital data or visual
information like LETTERS or NUMBERS “
I believe all currency notes come with a metallic SECURITY THREAD , capable of being magnetized
So, could that thread be able to store
the UNIQUE SERIAL NUMBER , assigned to each and every currency note , which ,
in turn , can be “ read “ by the Smart
phone , and “ transmitted “ to the
Central Server of the India’s Income Tax Department ?
If possible , this can track those high
denomination currency notes lying in wallets /
purses ( - assuming that a smart phone is also next to those notes )
This still leaves open the following issue :
Huge bundles of high currency notes (
totalling millions of rupees ) , are usually stored in lockers ( at home or in bank vaults )
How can your invention help to track
these ?
I would highly appreciate
if you can show a way by which India can leapfrog Australia
My idea is explained at length at :
========================
This blog is sent as email to the following RBI
executives in charge of
=====================================================================
24
March 2019
Rsvp
: hcp@RecruitGuru.com
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