Solutions to address Black Money menace
Dear Friends
Below is a summary of the solutions identified by you to address the Black Money menace.
Kindly review below and share any additional inputs you have. We will submit the 1 page recommendations next week to the senior Government leaders so actions can be taken.
We look forward to any additional inputs!
Rajendra Pratap Gupta
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Solutions to address Black Money menace:
1. Government should expedite working with the foreign Governments to get the black money stashed abroad to India.
2. Close monitoring of all charged individuals (and family members) in previous/current Governments to find black money trails
3. Use of cash in property transactions should be banned
4. A crackdown should be made on the educational institutions asking for donations and collecting cash
5. 500 and 1000 notes should be withdrawn from the market
6. Trim the protection given by law to prosecute the government officials & Politicians for corruption
7. Retrieve the buried black money by ‘voluntary disclosure systems’ so that it gets into accountable transactions
8. Installing CCTV cameras in all Central and State Government offices
9. Tenders/contracts should be allotted through a computerised process. This would decrease the human interactions and use of black money for bribing
10. Giving a printed invoice on purchase should be made mandatory
11. Disclosure of expenditure should be made mandatory during election campaigns
12. Government must encourage use of plastic money i.e.- credit cards & debit cards
13. An ‘Anti-Corruption Bureau’ both in Centre and ever State should be established which should be free from any political interference
14. A dedicated helpline should be created for people who want to inform about big ticket cash transactions and black money
15. A circle/group with anonymous yet accountable reporting should be created where any citizen can report about black money/scams
16. Money for elections to be provided by parties to their candidates more
Below is a summary of the solutions identified by you to address the Black Money menace.
Kindly review below and share any additional inputs you have. We will submit the 1 page recommendations next week to the senior Government leaders so actions can be taken.
We look forward to any additional inputs!
Rajendra Pratap Gupta
-----------------------------------------------------------------------------------------------------------------------------------
Solutions to address Black Money menace:
1. Government should expedite working with the foreign Governments to get the black money stashed abroad to India.
2. Close monitoring of all charged individuals (and family members) in previous/current Governments to find black money trails
3. Use of cash in property transactions should be banned
4. A crackdown should be made on the educational institutions asking for donations and collecting cash
5. 500 and 1000 notes should be withdrawn from the market
6. Trim the protection given by law to prosecute the government officials & Politicians for corruption
7. Retrieve the buried black money by ‘voluntary disclosure systems’ so that it gets into accountable transactions
8. Installing CCTV cameras in all Central and State Government offices
9. Tenders/contracts should be allotted through a computerised process. This would decrease the human interactions and use of black money for bribing
10. Giving a printed invoice on purchase should be made mandatory
11. Disclosure of expenditure should be made mandatory during election campaigns
12. Government must encourage use of plastic money i.e.- credit cards & debit cards
13. An ‘Anti-Corruption Bureau’ both in Centre and ever State should be established which should be free from any political interference
14. A dedicated helpline should be created for people who want to inform about big ticket cash transactions and black money
15. A circle/group with anonymous yet accountable reporting should be created where any citizen can report about black money/scams
16. Money for elections to be provided by parties to their candidates more
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Even after FOUR months competed from the last date for depositing old Currency into Reserve Banks , [1] Some are still in the business of exchanging their old notes at maximum discounted rates in Lakhs just because the Supreme Court in a PIL , directed the Government to extend time with due reasons for the delay . Even TREE MONTHS extended time from 1.1.17 to 31.3.17 is not sufficient in Indian Political Democracy . [2] The demand of Cash ion Lakhs for part of consideration of House / Flat purchase also is continued SINCE THE PROCESS OF LOCATING THE CONCEALED INCOME BY VARIOUS BANKS STILL INCOMPLETE AND there is no guarantee of possessing Bags of New Currency Bundles by those such manipulated in the Exchange Process . 3. Governments are allowing Cash instead of Cards for the PDS etc., items and this IS BECAUSE THE BUSINESSING SHOPS HAVE NO INTEREST IN PROVIDING CARD SWIPING MACHINES due to which there is protest from the public about Card system for them only to follow . This proves the challenges to the Governments in controlling the Black Money . It require strict regulations as were suggested in these circles for necessary reforms WHICH IS STILL PENDING WITH GOI AND RBI . more
Jul 24
..................................... Dr.M.R.Somarajan would like to stay in touch on LinkedIn. Dr.M.R.Somarajan MS,FMAS Chief Consultant Bariatric & Laparoscopy Surgery , Igbinedion university,Nigeria Panama View profile https://www.linkedin.com/comm/in/dr-m-r-somarajan-ms-fmas-3b3320b9?trk=eml-guest-invite-pprofile-link-cta&trkEmail=eml-invite_guest-null-361-null-null-qj3e4e%7Ej5g8n5vj%7E21-null-neptune%2Fprofile%7Evanity%2Eview&lipi=urn%3Ali%3Apage%3Aemail_invite_guest%3BW2G3dTrWQ4qoocZw2ouMTA%3D%3D Confirm that you know Dr.M.R.Somarajan https://www.linkedin.com/comm/start/accept-invitation?sharedKey=JyGcPvYT&invitationId=6294748505160421469&trk=eml-guest-invite-cta&trkEmail=eml-invite_guest-null-359-null-null-qj3e4e%7Ej5g8n5vj%7E21-ssuw-start%7Esignup%7Ewarm&lipi=urn%3Ali%3Apage%3Aemail_invite_guest%3BW2G3dTrWQ4qoocZw2ouMTA%3D%3D ..................................... Unsubscribe: https://www.linkedin.com/e/v2?e=qj3e4e-j5g8n5vj-21&t=lun&midToken=AQFmrFVhGEd36Q&ek=invite_guest&li=369&m=unsub&ts=unsub&loid=AQGmFXfaH-fUAAAAAV1twevtG8o1Vsr0ArFzSw-9wFAEtZmKU_o-FhFabMS32J2ovxB6yY6qfQuLq2IFHltwK2KUQTILRYtWNEjwI4pRZQ4Clc9RcrLky5mw99jWcHP0aLDtuhO_f0bCQnMydg7HIfaPQEH66iYjJg&eid=qj3e4e-j5g8n5vj-21 Help: https://www.linkedin.com/e/v2?e=qj3e4e-j5g8n5vj-21&lipi=urn%3Ali%3Apage%3Aemail_invite_guest%3BW2G3dTrWQ4qoocZw2ouMTA%3D%3D&a=customerServiceUrl&ek=invite_guest&li=368&m=footer&ts=help&articleId=67 You are receiving Invitation emails. LinkedIn will use your email address to make suggestions to our members in features like People You May Know. This email was sent to www.send_newpost++gxaeiymqgxtr++iygxlkvvgxbb@localcirclesmail.com. © 2017 LinkedIn Ireland Unlimited Company, Wilton Plaza, Wilton Place, Dublin 2. LinkedIn is a registered business name of LinkedIn Ireland Unlimited Company. LinkedIn and the LinkedIn logo are registered trademarks of LinkedIn. more
Jul 23
Central to removing corruption, which originates to a large extent from government departments, is to set up a vigilance unit to carry out sting operations - this is a highly effective way to cut corruption in govt offices/police , etc. more
Dec 13
I have the following additional input for consideration against black money menace . No Citizen of India should create by way of buying /purchasing /transacting / constructing , after attainment of 60 years of age from his/her legal date of birth , any new immovable property ( STI-RASTI ) of House / Land / Factory / Gold / Silver . This measure will definitely expose black money strategists and locations like a security camera in working condition and gradually , will prevent proliferation of dynastic/ hereditary / legal heir supporting " dependency " / the native kandan-tendency black wealth . more
Dec 13
Dr.M.R.Somarajan would like to stay in touch on LinkedIn. Dr.M.R.Somarajan MS,FMAS Chief Consultant Bariatric & Laproscopic Surgery ,Abuja,Nigeria Nigeria View profile https://www.linkedin.com/e/v2?e=0-iwmfp376-6r&a=publicProfile&tracking=eml-guest-invite-pprofile-link-cta&ek=invite_guest&vanityName=dr-m-r-somarajan-ms-fmas-3b3320b9 Confirm that you know Dr.M.R.Somarajan https://www.linkedin.com/comm/start/accept-invitation?sharedKey=T8FuKZIs&invitationId=6002459740993523712&trk=eml-guest-invite-cta&trkEmail=eml-invite_guest-null-112-null-null-0%7Eiwmfp376%7E6r ..................................... Unsubscribe: https://www.linkedin.com/e/v2?e=0-iwmfp376-6r&t=lun&midToken=AQFmrFVhGEd36Q&ek=invite_guest&li=119&m=unsub&ts=unsub&loid=AQHGeU3S0VjuxAAAAVj0XvV-UHEugoWf94pCGP7ySkyIDWoyzj4ozIlaUT_sD2saMS1BOBmJz-htFEHbw_o8Qp--oPbelCESFX0TmvBM4t3KNY1Lcl5QtNv11Br3v1Ou8P8zKeWmFD0CGGHngBuJMhBt3lOjn4g5iA&eid=0-iwmfp376-6r Help: https://www.linkedin.com/e/v2?e=0-iwmfp376-6r&a=customerServiceUrl&ek=invite_guest&li=118&m=footer&ts=help&articleId=67 You are receiving Invitation emails. LinkedIn will use your email address to make suggestions to our members in features like People You May Know. This email was sent to www.send_newpost++gxaeiymqgxtr++iygxlkvvgxbb@localcirclesmail.com. © 2016 LinkedIn Ireland Unlimited Company, Wilton Plaza, Wilton Place, Dublin 2. LinkedIn is a registered business name of LinkedIn Ireland Unlimited Company. LinkedIn and the LinkedIn logo are registered trademarks of LinkedIn. more
Dec 13
