Monday, October 5, 2015

Black Money Solution

As we all have been enjoying black money and know that is polluting India's Development, I have few solutions..
few workable solutions.

In case, if someone from Ruing Indian Government party, needs a free advice, I insist to consider my recommendations.

Option A: Polymer Currency
1. Find a non duplicate Polymer or better plastic currency technology and print with brand new serials, holographic and barcode
2. Declare that all existing currencies are void.
3. If they want a new currency, they have to deposit all their old currency and get brand new Polymer Currency.

this is a very simple and workable approach, by which India could resolve 90 % of black money issues.

Option B: 100 > Electronic Transactions

Eliminate all denominations of currency anything after Rs.50.
only allow coins, 5, 10, 20 and Rs.50 Currency.

Any transaction which is greater than Rs.100 should be Electronic. let them swipe their debit credit cards as many times as they want. 

also please relax the number of usage limits.

So Dear government your mission is to choose accept any one of the above impossible options and dissolve corruption forces from India.

Jaihindh.