Hi Friends,

Even as I launch this today ( my 80th Birthday ), I realize that there is yet so much to say and do. There is just no time to look back, no time to wonder,"Will anyone read these pages?"

With regards,
Hemen Parekh
27 June 2013

Now as I approach my 90th birthday ( 27 June 2023 ) , I invite you to visit my Digital Avatar ( www.hemenparekh.ai ) – and continue chatting with me , even when I am no more here physically

Thursday 13 October 2016

Tip of the Iceberg ?


DNA MONEY ( 13 Oct 2016 ) has following screaming headline :


" Rs 30 lakh*crore black money in stocks : I-T


It reads :

" The IT department's figures for 2014 - 15 , show that the stock market's turnover more than doubled from Rs 32 lakh*crore to Rs 66 lakh*crore . In the same period, the number of alleged and potential tax evaders soared about 150 %


Figures from the documents show that just 3 % of total investors in the stock market have invested Rs 61 lakh*crore in BSE-listed companies ( 92 % of the total investment )


The documents also show that out of the 3 % of high net worth investors, about 47 % have not filed I-T returns for 2014-15


In fact, these documents claim that investors have routed about Rs 30 lakh*crore of funds through stock transactions in a year , without disclosing their income


Of the 47,625 entities which did not file I-T return in 2013-14 , as many as 46,119 ( 97 % ) , were individuals "



Apparently , I fail to grasp how Rs 30 lakh*crore worth of BLACK MONEY , got invested in stocks , when :


#   Share Certificates are in Demat format ( with full details in demat accounts of account-holders )

#   Trading is Online ( with entire transaction log available on BSE central server )

#   Payments ( received against a sale ) are through banking channels



I suppose , somewhere along the TRANSACTION  TRAIL , cash ( in the form of Rs 500 / 1000 currency notes ) , enters  into the picture - only to disappear somewhere else without leaving a visible trail !


Here is one more reason to implement my repeated suggestion to replace current / paper currency notes of Rs 500 / 1000 , with new , plastic currency notes embedded with RFID micro-sensors



Much like those Process Control Panels ( SCADA ) in Master Control Rooms of ,

#    Petroleum Process Plants

#    Power Generation Stations 

#    Power Transmission Load Balancing / Dispatch Rooms

#    Air / Rail Traffic Controllers

#    Mobile Phone Traffic Controllers

#    Foreign Exchange Traders

#    ISRO .............etc ,


a  BLACK MONEY FLOW CONTROL PANEL  in the control room of I-T / ED , will light up with a RED SIGNAL , the moment RFID-embedded CASH enters the flow of money in Stock Trading !


Of course , persons who have never been inside any such Master Process Control Centers , may have doubts


But not Shri Narendra Modiji , who has been inside ISRO Control Center and witnessed how Indian Scientists launched / tracked / monitored and controlled the trajectory of Mars Orbital Mission !


-----------------------------------------------------------------------------------------------------------------------------

14  Oct  2016


www.hemenparekh.in / blogs




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