Dear Col. Nanda Gopal
Thanks for your email.
You are correct that a demonetisation exercise will send out a
powerful message against black money. I clearly remember that the last
time this was done about 35 years back (1978) all the trader / neta
classes were queuing up outside the RBI to get their Rs. 100 notes
changed and since there was a limit on how many notes they could
exchange, they had hired all the unemployed 'be-naamis' to join the
queue. My school-bus used to pass outside RBI HQ in Bombay in those
days, and for that week we were always late for school and I recall
those queues vividly..
However, your scheme is impractical, simplistic and needs improvements
after wider consultation. We must also consider that there are
powerful vested interests (holding vast amounts of black money) who
are publicly proposing and publicising schemes such as what you
propose and which everybody knows is impractical and unworkable. Many
innocent people have swallowed their bait.
I would therefore request you to kindly prepare (WITHIN 3 DAYS) a
detailed concept note which can be initially discussed on this list.
After that we shall form a special committee to draft (WITHIN 1 WEEK)
the proposal which shall be amended / voted on by the general body
(this mailing list) and forwarded to the Government to take necessary
action. The same should be be filed within 2 weeks.
Everything shall be discussed, drafted and filed in a transparent manner.
Sarbajit
National Convenor,
India Against Corruption,
network : www.indiaagainstcorruption.net.in
On 11/5/12, vudathala nandagopal <nandav1942@hotmail.com> wrote:
>
> Dear Friends,
> Corruption cannot be contained in the present scenario with none of the
> political parties being free from corruption. We may not have enough people
> in the government to control/investigate all the corrupt nor have adequate
> Judiciary to settle the cases expediously.
> One method is to contain this is to ensure that the corrupt cannot benefit
> by all that he has done and amassed wealth in the form of black money Very
> little is being made to unearth black money in India we have onl;y been
> talking about black money strashed abroad.
> We can get rid of this problem of corruption at least to an extent of 90%
> which would be a major achievment in case we follow the method given
> herein.
> Demonetise Rs. 1000 and Rs.500 rupee notes and give 3 months for all the
> public to deposit the old notes in the banks. Stop printing the notes of
> Rs.1000 and Rs.500/- with immediate effect. Holding of cash more than
> Rs.20,000 by any individual must be treated as a crime. I will be prepared
> to attend any meeting anywhere with anyone any organisation to explain and
> discuss all the modalities and practicality of this scheme.
> Pl take up this in ernest and we will achieve much more than what we expect
> from this and I will prove this.
> Thanks,
> Col.V.Nanda Gopal.
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