Demonetisation as a tool to eliminate black money, and control corruption and inflation

Elimination of black money, corruption and control of inflation are three important issues that have been marked as chore issues in our manifesto. In one of my messages to the Manifesto Committee sent in Sep. 2013 I had suggested demonetisation as a solution while suggesting the need to include these three issues in the manifesto. I had separately posted these suggestions along with some other ideas to Narendra Bhai and Jaitely ji as well. Now time has come to implement the suggestion to demonetise the currency. This requires replacing the existing currency with a new one with a clear mandate to RBI to ensue exchange of only duly accounted money/cash of all entities including Corporate bodies, HUFs, partnership firms, political out fits, trusts, religious and charitable institutions, individuals and other persons. Individual house holds may be allowed to exchange old currency with the new one to the extent of their one month's known earning. Since you claim to have drafted the party's manifesto I feel you are in a very advantageous position to take up implementation of my suggestion for demonetisation too and therefore request you to pursue the matter. more  

A NEW VISION & STRATEGY TO MAKE OUR INDIA THE RICHEST, MOST POWERFUL & BEST WELFARE NATION: INDIA NEEDS NOW AN IMMEDIATE LEADERSHIP, SYSTEM & PARADIGM CHANGES BY AN ALLIANCE OF THE GOOD AGAINST EVIL. It must result in a 100% democratic, credible, dynamic, proactive & interactive ruling group. We need a thorough metamorhosis & complete makeover to bid goodbye to the murky JOKEPAL past & present & welcome a glorious future. Only an entirely new breed of good, honest, enlightened, modern & progressive politicians, totally committed to the nation & its citizens & equipped with an adequate agenda, can give our Grand Indian Dreams an entirely different & good direction, dimension, quality, content & impetus & also lead us firmly into the 21st century. All good Indians must now enter politics & unseat the criminal ones in it today. A national & international talent hunt is needed here. The new leaders must change the present primitive, anachronistic, completely hollow & hero-based JOKEPAL politics to a serious, modern, ideology, objective, value, principle & agenda-based one. A clear premium must be placed on all real merits, honesty, integrity & patriotism to engineer a reverse brain & resource drain & signal a necessary moral rearmament, complete & thorough leadership, system & paradigm changes.The present manipulated,100% unHindu & anti-Hindu caste system created by our JOKEPAL politicians 1947-2014, must be abolished forthwith. A holistic & scientific national agenda for progress & welfare based on the superb Swedish model ought to be made our sole guiding star. INDIA FIRST ALWAYS, WELFARE TO ALL & PRIVILEGES TO NONE, FROM ALL ACCORDING TO ABILITY & TO ALL ACCORDING TO NECESSITY MUST BECOME OUR NEW NATIONAL MOTTOS. By rewriting the outdated Indian Constitution,100% accountability & transparency must be ensured & power decentralized & shared. All our corrupted & destroyed systems, incl the 4 pillars of our democracy, must be saved & put in foolproof working condition. All dynasties ought to be exterminated & all other main problems identified & solved. We need a new foreign policy, join NATO - our natural allies - procure new, good & powerful friends & a permanent seat in UNSC. We must engineer a polarization between the good & evil & annihilate the latter. It must undo all the harm done to India & Indians by our totally corrupt, criminal, completely useless, anti-Indian & anti-India politicians 1947-2014. FOR THAT VITAL MISSION, IT MUST CAPTURE FULL POWER AT THE CENTRE & IN THE STATES ASAP. IT MUST START BY JAILING ALL THE CORRUPT & RETRIEVING THE TRILLIONS THEY'VE LOOTED & STASHED AWAY AT HOME & ABROAD. IT MUST BE INVESTED INSTANTLY IN POVERTY & ILLITERACY ELIMINATION, EMPLOYMENT, WELFARE, INFRASTRUCTURE INCL IT IN GENERAL & ELECTRICITY, CLEAN WATER & OTHER ESSENTIAL SERVICES TO ALL IN PARTICULAR & PUT INDIA ON TRACK. LET'S THUS GIVE EACH & EVERY INDIAN A BRAND NEW FAIR DEAL & LIFE! AFTER THAT V MUST SAVE THE REST OF THE WORLD, TOO! more  
SOLUTION: 1 LAUNCH OPERATION CLEAN UP WITH A CORRUPTION CHECK ON ALL MINISTERS, LEADERS, top bureaucrats & their kith & kin; prosecute the guilty in a new anti-corruption court 2 Give citizens & residents 3 weeks to declare assets & incomes; jail all with wealth disproportionate to known sources & amnesty to volunteers 3 Confiscate assets from 1 & 2 & invest in a new poverty & illiteracy eradication program, jobs, infrastructure incl IT, electricity, clean water & other essential services to all 24-7 4 Strict new laws incl JANLOKPAL to end corruption & retrieve black money 5 Modern billing system with a chip connected to the ITD in the cash register of businesses, multiple checks, new ID system & salaries only via banks 6 Rewrite the IC to ensure full transparency, accountability & standardized laws for all 7 E-governance 8 Liberalize economy a la Sweden (unique capital-labour-govt bonding & CSR) 9 Reform & save all 4 sick pillars of democracy 10 Invest in agriculture, make India greener &stop pollution 11 Lifetime bar for all convicted for 6 m/more from elections 12 Laws for 0 discrimination 13 Reform work of politicians, parties & bureaucrats 14 State funding of parties based on the no of seats won at panchayat, municipal, state & LS polls,100% transparency for donations15 A 2-term ceiling for PM & P 16 New laws to ensure100% equality & protection for women 17New minimum wages, land reforms &social justice 18 Eco & environment-friendly, sustainable growth & energy self-sufficiency via solar panel roads, roofs, electric automobiles, nano tech etc 19 Overpopulation stop via fp & monogamy 20 Abolish the present manipulated, 100% unHindu & antiHindu caste system 21 New social security for the disabled, children & old 22 Total welfare, health scheme & insurance 23 New day & nightcares, leisure centers for all & homes for seniors & destitutes 24 Make education modern, free & compulsory 25 Build 1 school & library per 1K residents 26 Make the ratio of the lowest & highest salaries in the public sector1:5 27 Microloan for all 28 Reverse brain & resource-drain 29 Save farmers, producers & retailers from FDI aftermath 30 Justice to all riot victims 31 0 crime tolerance, case settlement within1 month per court 32 Ban bandhs 33 New laws to improve democracy, election system, work culture & 100% safety & security 34 New export, import & foreign policies to secure welfare, borders, peace & fight terrorism 35 Improve R&D, planning, housing, transport, railways, storage, quality of air, water, food, medicines & consumer-rights 36 Promote meritocracy, national unity, patriotism, inventions, swadeshi small, medium & big industries & IT, culture, massmedia, literature, film & art 37 Make defence & its industry no1 in the world to create jobs & deter 38 Make Kashmir a pucca Indian state 39 India must join NATO, UNSC & FORM ASIAN UNION 40 Premium for tax payers & whistle blowers 41 Build 600 M lowcost houses & toilets... more  
Can some one share problems of currency demonetization, national and international, to understand whether such step will be too drastic and whether India has reached the situation that calls for such action. I think a pre-requisite for such action is also to ensure the system of generation of black money is first eliminated or minimised so that after the change of currency, the process of generation of black money does not continue. Some countries do not have income tax at all, which I understand means they do not have black money. Is it so and whether India can consider such option? more  
The best way to weed out black money is; 1. Make compulsory use of electronics vending machine for all vendors including Rehary and vegetable Thelawala to record sale to ensure compliance of local taxes. 2. Encourage use of plastic money ie credit cards for recrding of transaction as in all developed and even in city state country even taxi payment is done through credit card. 3. Connect all land /flat /real estate sale/purchase registration through net for real time varification of the transactor credential and source of funds for benami and other dealings. more  
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