Jhan Dhan Yojana

Jhan Dhan Yojana can be well used to abolish all taxes and to introduce a single tax - Banking Transaction Tax. more  

New Currency of 2000/- equip with Micro chip which can be traced through satalight. The circulation of currency is monitored through Bank transaction its not possible to hide this currency. more  
Finally, Modiji did it, by scrapping 1000 & 500 currency notes. But not clear why again new notes are being introduced; after some time again the situation may recur. But, still a big issue is not resolved - collecting convenience tax/charge for online buying or paying of certain bills (LIC, Electricity bill, petrol buy, etc.) is discouraging to use white and encouraging to use black. Now at least this should be stopped forthwith and very limited higher denomination notes are to be issued. more  
All transactions must be made eletronically. This will even help in checking accumulation of black money. Skilled workers like electricians, plumbers, manons, carpenters and many similar workers charges heavily earn in lacs but do not pay income tax for want of recordd of payment. In countries like Canada, USA, etc., all such workers are paid electronically and they pay income tax. Even most the shopkeepers earn a lot but do not pay income tax or pay only nominally. Electronic payment will help in overcoming this corruption besides enriching govt. coffers. Govt. must seriously work on introducing a system for electronic payment in all sort of transactions whether private or government at the earliest possible. more  
Once the transactions are to be made electronically, not only corruption by Govt, the corruption by Private agencies in the form of compulsory donations also will get disappear. The requirement of extra money will not be there. By introducing single Banking Transaction Tax, the difference between salaried and business will reduce. more  
Well said Vijayakumarji,
This is what India needs badly. With the success of Jan Dhan Yojna this is the right time to introduce Bank Transaction Tax by abolishing all taxes. My suggestion is that along with this all big denomination notes of Rs.1000, 500 and 100 should be withdrawn from circulation and all transactions above Rs.2000 should be through banks only.
Regards. more  
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