8th Nov
: Anti Black
Money Day ?
Whereas Opposition Parties ( primarily , Congress ) want to
celebrate 8th Nov as a “ BLACK DAY “ ,
NDA government has announced that it will be celebrated as “ Anti Black Money Day “
Although opinions are divided as to the DeMo having succeeded or
not in getting the economy rid of the BLACK MONEY , one may ( grudgingly ? ) concede
that this could be considered the FIRST STEP in that direction
But , it would be a pity if 8th Nov 2017 , ends up being no more than a series of celebratory and
derogatory speeches on the merit / demerit of Demo !
Quite like paying homage to Mahatma Gandhi at Raj Ghat , every
Nirvana Day , by offering flowers and the ritual of going around the memorial !
If NDA government is really determined to get rid ( permanently ) of existing STOCK
of BLACK MONEY , and also FUTURE
GENERATION of Black Money , then on 08 Nov 2017 , PM should announce
introduction of RFID
nano-chips in high currency notes of Rs 2000 ( existing ones to be
replaced with new Plastic ones) - and forget re-introduction of Rs 1000 note
Exactly as suggested by me , ONE YEAR before the DeMo Day , in my following blog / email dated 03 Nov 2015 :
Networkof Currency Notes [ 03 Nov 2015 ]
Followed by another 38 emails sent to the Central
Cabinet Ministers between Nov
2015 and the date of DeMo announcement ( 08 Nov 2016 )
For those 38 links , look up :
Havea good Suggestion ? Send it to PM [ 09 Nov 2016 ]
Those who doubt the
feasibility of this technological innovation , please read following :
australian economy / 03 July 2017
Cash crackdown boss floats nano-chips in notes
THE man charged with cracking down on the “black economy” has
revealed how he would like to keep track of your $100 and $50 notes.
Hi-tech nano-chips would be implanted in Australia’s
“disappearing” cash under a plan floated by Michael Andrew, the head of the federal government’s Black
Economy Taskforce.
“You could put a trace on some of these
notes to see where they would go. YOU CAN USE NANO TECHNOLOGY
TO PUT LITTLE CHIPS IN SO YOU COULD THEN TRACE IT.”
For full report , click :
As to the
feasibility of this suggestion , here is what a leading authority on RFID chips
wrote to me :
25 March , 2016
Dear
Mr. Parekh,
Yes, placing tags on money has certainly been considered in the
past. I think it is
a matter of time before it happens. I do agree with your idea.
----------------------------------------------------------------
13 Nov 2016
Hi
Hemen,
It can
be brought down to about 3-5 cents with scale.
Meanwhile
check out a variant of the technology which is cheaper:
27 Oct 2017
www.hemenparekh.in
/ blogs
=============================
=============================
When I emailed Sanjay re the development
in Australia , here is how he replied :
Dear Sanjay ,
Your prediction is about to come
true !
=============================
Indeed !
-
<sesarma@mit.edu>
(The
wisdom is Siri's, the typos mine.)
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