Thursday, 15 December 2016

Demonetization Dimensions


" I am not economist but The plan is not good until this benefit the end user (Poor people)"

" I am not economist but what is the provision for those rich people who are doing 80% corruption via online?"

Surprisingly  USA also  have many corrupted people and they are doing online  transactions and USA  have better intelligence than us.So only question here why we are so much worried about corruption which is in middle level , why are we not targeting big frauds?

I am really not Anti-Modi but I support our country first before any Party/Politician..

In my opinion Online Black Money should have been targeted first before Cash.

There are certain rules of demonetization.

1. All transport must be free for food/medicines and must be under control by government at Toll naka.
2. Enough staff should be there to support transportation for food and enough staff must be there to investigate black money.
3. there must be coupon system for food/basic need items .

Example .. Government can open central market where one administration counter will be there they will sell the coupons to vendor and client via online and cash system  , people can buy and sell the things using coupon and while returning  they can return the remaining coupons in the counter. The money will be credited back to their account.it also will avoid small currency issue

4. Whatever Tax is received by government must be immediately used in basic needs of people.

5. Very important, 
 do the homework how much you will get by demonetization.

68% people use cash in current situation and only 7% people are having black money so first need to do the investigation for those who are very rich and corrupt 

6. Token system must be there for avoiding queue.

Only 1 lakh people will be required to manage queue system. 


There are several dimensions-

1) Black money is a problem, I agree. Few (about 10-15%) hoarders taking huge advantage in society which needs to be neutralized, I agree.
but
There are people who have made fortunes (as immovable property) in terms of private cash-cow institutions, buildings, lands, gold hoarding, temple business, fake trusts and NGOs, societies, and what not.
When will Modi eliminate all of that?
Modi looks short sighted if he thinks everything will be under control and solved by this one move.
Problems will be there as long as there are greedy corrupt minded inhuman creatures exist. These creatures have bypassed all laws and rules and will continue to do so in centuries to come.
2) If dearest Modi has true intentions of corruption free, fair, equitable and equal society then he must consider to abolish/ban all existing political parties and and nationalize their funds and properties and then hold fresh elections step by step with newer people associations/parties. 
3) Mr Modi must also get proper auditing of government expenditures done. There is a huge inefficiency of governmental system which is wasting resources and breeding corruption and black money. You look at public health infrastructure at ground level. You get a glimpse. This will help govt to reduce taxes and ease the burden on ordinary people.

2 comments: