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  
Post a Comment

Related Posts

    • Front of the Pack Labelling System needed on Packaged Food

      The front-of-pack (FoP) labelling system has long been listed as one of the global best practices to nudge consumers into healthy food choices. It works just the way cigarette packets are labelled ...

      By Swati M
      /
    • Social Distancing gone for a toss at airports

      See attached images from Delhi airport. No compliance at check in no compliance in buses and no compliance even for RTPCR tests for international flights. Like this its a matter of time when Covid ...

      By Seema Mehra
      /
    • Vaccines being Forced

      What Localcircles is raising here is a very genuine concern. I share evidence of what is happening to force people to take COVID vaccine. If the Govt has not authorised mandatory vaccina...

      By Sneha Goyal
      /
    • Karnataka bans online gaming including fantasy aport

      Karnataka has banned online gaming friends including fantasy sports https:/...

      By Sarita Ravichandran
      /
    • Food Adulteration Law - Follow Rajasthan

      The Rajasthan Assembly on Saturday passed four bills including the Criminal Laws (Rajasthan Amendment) Bill-2021 by voice which has provisions for imprisonment up to seven years for adulteration of...

      By Shweta Kotharii
      /
    • VIP Culture of Nitin Gadkari Road Mantri

      In indore. If this is the number of cars that must travel with these ministers I demand a govt without such ministers. This is peak VIP culture. LocalCircles please escalate this t...

      By Ankita Jain
      /
    • Way Forward on Cryptocurrencies

      I see a poll has been put on cryptocurrencies so I am sharing this information. Indian investors are flocking to cryptocurrencies like never before and the trend could be a dangerous on...

      By Shikha Mantri
      /
    • Bringing Petrol and Diesel under GST - Act Now

      Thanks to all members who have been participating in the surveys over the last 3 years on bringing petrol and diesel under GST to give relief to common citizens. Here is the link to the latest repo...

      By LocalCircles Manager
      /
    • Cleaning and Disinfection industry and chemicals - beware

      A lot of cleaning and disinfectant companies have profiteered during the pandemic from the fear amongst people. LocalCircles are generally ahead of the masses and is first signal to Gov...

      By Amit Mishra
      /
    • 4th dose on the cards - do we have it right

      Israel is planning for FOURTH doses of COVID vaccines which is ridiculous If you're aiming to eliminate all breakthrough infections, you'll keep reboosting and reboosting and reboosting....

      By Nikita Goyal
      /
    • Tax paying Citizens paying for IT glitches

      The finmin has extended the tax filing to Dec 31st. But, does this help the tax payers. NO . Instead, it penalises them. The IT portal glitches are far from being resolved. Until the issues are res...

      By Padmanabhan G
      /
Share
Enter your email and mobile number and we will send you the instructions

Note - The email can sometime gets delivered to the spam folder, so the instruction will be send to your mobile as well

All My Circles
Invite to
(Maximum 500 email ids allowed.)