After legalising the black money then immediately bigger notes of Rs 1000/-, Rs 500 & Rs 100/- will be thrown out of market and all transaction more than Rs 500 /- will be through plastic currency (credit / Debit cards or bank transfer)
(c) To facilitate the businessman all money collection will be done at their door step by the banks.
(d) Salary of Govt employees, ministers to be tripled. So that if they or their dependents found with currency more than Rs. 500/- at any time at there residence or pocket or at the place of work then they will removed from there post and at least Six years jail imprisonment without any hearing in the court.
(e) All taxes to be levied at the time of manufacturing or to the service provider that is very minimum 4% after that VAT will be charged and it is compulsory to have uniform MRP. So that items at cheap rates should be available to the poor people. All other taxes like excise tax, entertainment tax, service tax etc should be abolished immediately and Tax system should be very simple.

(f) Govt employee or any other person taking bribe or giving bribe will be put behind bar for 20 years without any hearing and will be deprive of his job and it is essential to declare there property for once and all other property will come to govt kitty.
(g) Political parties taking political funds has to deposit 10% of the tax at the source and who so ever give political fund to a party will exempted from all taxes because it will be given only through bank transaction. more  

View all 26 comments Below 26 comments
On 26 Sep 2014 13:36, "SANDEEP BHANOT" wrote: > more  
If we give lot time to take black money from foreign banks they will convert into white money in terms of foreign business this should be monitor with high priority. more  
Dear Sandeep, Your idea of punishment without hearing may not be acceptable, as it would go against the principle of natural justice. You must hear his explanation. However any such enquiry must be concluded in 2 weeks time. I would suggest you read the site Arthakranti.There is no vat and no auctroy also. This would reduce burden of attempting to bring back black money. I think Govt. should very seriously study this proposal in "Arthakranti". RYK. On Fri, 26 Sep 2014 10:40:52 +0530 SANDEEP BHANOT wrote > more  
This is not a suggestion to solve our economic problem. If this is really implemented there will be chaos. more  
Yes, it makes sense but in the present scenario it seems impractical particularly when prices of almost all the commodities have gone so high. When we go to market to buy vegetables/fruits or ration for a week/month Rs.500 are not adequate. You cannot expect people to go to Malls for buying domestic stuff where they can pay via debit/credit card. Yes, in phases, we can achieve this goal. Withdrawing currency Notes of Rs,1000 and Rs.500/- will certainly help in controlling the black money and corruption. Further, why there is a need to triple the salary of ministers and their staff? Do you think by this action, we expect them to be honest. No, honesty comes from individuals' thinking, moral education and will. Even if it is implemented in phases, strict measures are a must. Good luck. Om Aneja more  
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