black money control by using mobile phones

8/10/2019 black money control by using mobile phones

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Let us make India the No.1 nation of the world

How INDIAcan remove Corruption& Black Money100%, bring democracy

in the hands of the people & also enable true SWARAJ by using mobile

phones for cashless transactions, taxes & voting


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Benefits of using mobile phones for doing cashless transactions

Since Independence, it is estimated that over 25% of the economy is BLACK MONEYand when all

this becomes white:

1. Taxes will improve significantly. inflation will come down dramatically. Central & state debt will be wiped off,

2. For every Rs 500 note, Govt is wasting Rs 40 in its printing and there are huge counterfeit notes circulating in the

economy. Notes get soiled quickly and the cost of transportation etc is very heavy.

3. Rupee rates will strengthen leading to better credit ratings & reduced cost of oil imports. Current account deficit

will get reduced leading to lower fiscal deficits which in turn will lower interest rates. It will boost jobs, business

and economy multifold. The countryscost of operation will get reduced so even with low taxes, it will be able runsmoothly. The people will become richer by many times-India will no more a poor country.

4. There will be no theft, no wallets, no ATMs, no burglary etc.

5. Corruption will be eliminated. Since all Indians will have already given details of the list of

properties, gold, cash, assets, shares etc that he possesses, even if someone tries to do a barter by

handing over some gold to him the transferor will have to provide reasons why it was given which

will nail all such ill gotten wealth. Tax will be taken on such transfers. Henceforth there will be no

generation of black money in the country. All hawala transactions will be eliminated.


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No of

seats

No of

serious

candidates

(1 each of

UPA, NDA &

regional

Party)

Amount that

can be

legitimately

spend by a

candidate

as per

election

commission

(in lakhs)

Average money

spent during the

elections by each

such serious

candidate (in

crores) is

actually about 20

times the allowed

limit, ignoring the

money spent by

other candidates

Total

money

spent

(crores)

funds spend

on elections

by each 1

of the 3

parties

every year

% of money declared as

received compared to

the money used to fight

elections

Lok Sabha 543 3 40 8 13032

Vidhan Sabha 3093 3 16 3.2 29692.8

Panchayat &municipal seats 270000 3 3 0.6 486000

528724.8

105744.96 35,248

Amount of funds

received every year

as declared bysome of these

partiesCongres

s

332 crores out of which mostly cash has been collected less than Rs20000 and so the donor name has not been mentioned and only donors

name of Rs 17 crores have been shown 0.91%

BJP 170 0.05%

So obviously the balance money is coming from mafia, builders, corporates, etc who will extract benefits

atleast 5-10 times the money parted by them as it is give & take quid pro quo. They are given contracts in

many tenders, rail, road, mining, building & repairing works, etc and thus do sub standard work


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Rs 30,126 crores will be saved every year by

conducting elections using mobile phones

Amount of money lost per year due to holidays declared for elections (assuming 3 elections comprising of

Lok Sabha, Vidhan Sabha and Gram Panchayat) in a 5 year period is Rs 15000 crores (calculated @ Rs

200 per day average per capita earnings of 120 crore Indians)

The deposit of Rs 25000 is too less to be lost by frivolous candidates if he scores less than 16% of the

votes polled. It should be raised to Rs 2.5 lakhs and even the nominees should be increased from 10 to

20000 to reduce the serious candidates to 5 or 6

The cost of conducting elections must of another Rs 5000 crores every year including the salary cost of

security and staff, transportation etc.

Assuming that 4 candidates in each constituency must be spending per day Rs 1000 for keeping atleast10 staff members for 10 days for each polling station to give voter slips to go a polling station, checking

the authenticity of voters and after that while votes counting, which works out to Rs 7.50 lakhs each and

so the total cost of unnecessary expenses during lok sabha elections (assuming each polling station has

1000 votes, he will need 1500 volunteers minimum assuming 15 lakh voters) =(Rs 1000 per day * 10

days* 1500 volunteers * 4 candidates)=Rs 6 crores

And thus for 543 lok sabha seats=total avoidable expenses is Rs 3258 crores

Vidhan Sabha seats: 3093 so total avoidable expenses is Rs 18558 crores (Rs 1000 per day * 10 days *250 volunteers (1/6 of lok sabha as size is 1/6)*4 candidates=1 crores *3093=Rs 3093 crores

Gram Panchayat & municipal election seats in India:270000 so the total avoidable expenses is Rs (Rs

1000 per day * 10 days * 41 volunteers (1/6 of vidhan sabha as size is 1/6)*4 candidates=1 crores

*270000=Rs 44280 crores

So total avoidable election expenses in 5 years is Rs (15000*5 year + 5000*5 years+ 3258+

3093+44280)=Rs 1,50,631 crores or Rs 30,126 crores every year


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Benefits of using mobile phones for conducting elections

It will reduce Rs 30,000 crores expenses every year thereby boosting economy

It will ensure nearly 100% voting giving chances to good candidates to win elections as

currently a lot of rich and educated people do not want to vote for criminals who have entered

politics

Right to recall or right to reject will become very easy thereby boosting democracy and swaraj People can continue in their regular work and participation in day to day decision making will

happen giving boost to better usage of taxes collected helping in referendums

It will eliminate chances of impersonated votes

The cost of preparing and maintaining electoral rolls will get eliminatedBenefits of taking 1% tax on every transaction

The govt will get taxes instantaneously helping it in better planning, execution andprovisioning. Tax avoidance will become zero improving tax receipts even at such low rates

Business entities which are not publicly listed will be spared from maintaining challans, filing

tax returns, filing returns to ROC or worrying about raids or any wrongdoing. The system will

not allow the businessmen from becoming dishonest. The current cost of accounting

compliance is very high for keeping accountants and auditing accounts by CAs, CSs which

will get eliminated thereby lowering prices and boosting economy.

Since all the current taxes like Service tax, VAT, excise, income tax, profession tax, CST etcwill be eliminated by having just 1 transaction tax (except custom duty), over 30 lac people

employed in such departments in the central & state govts can be moved into the judiciary,

police, education, healthcare departments (where there are severe shortages but the govts

are not able to appoint people due to lack of money) thereby eliminating delays in giving

justice and also improving public services. Not a single person will lose his job and all the

assets in such offices will be used for such purposes.


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Assumptions: The government has to come out with a scheme that no person can

have multiple phones or bank account numbers. Unique savings bank & mobile

number is required for each person or company connected with his unique aadhar

number so that people do not have the option of running away after incurring

expenses or loans. Every Aadhar identified Indian will be given 1 FREE smart

phone by the telecom service provider just as in the USA iphones are packagedalong with the monthly plans.

Before the start of cashless transactions, all & every Indian however young or old

will have to provide all his assets, cash, properties, shares held by him & income

details to the government and also mention how it has been acquired. After such a

declaration any asset found benami will become Government property.

In case the smart phone or the SIM gets damaged, it will be replaced

immediately by the telecom service provider on payment of money immediately. In

case the buyers cell phone is damaged or it is a shopping mall or a railway station,

then instead of the seller typing the buyers mobile number, the mobile number will

have to be typed by the buyer into the sellers cell phone or payment pad. Then

after putting the amount, they will ask for the buyer to put his thumb on the paymentpad for Aadhar authorization. In case a person wants to transfer money over long

distance to anyone, then he will put the mobile number of the person in whose

account the money has to be transferred and the transaction will get completed.

After the transaction is over, both the buyer & sellers account will be updated with

the latest total balance.


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Any smartphone can be used for monetary transactionsit has to

be connected to the internet server of the bank which will be

checking with the Aadhar number dynamically on online basis.

The user can choose any of the 19 national languages as the

preferred language of his choice to get auto voice based steps for

doing transactions and during voting

The signal has to be strong and available across the country for

either of the party sending the money or receiving the money

Nobody will be able to manipulate the database as it will be 100%hackproof encrypted using military grade SSL.

Even illiterate people can use without any difficulty. This is the

only foolproof technique of removing 100% corruption and black

money and bringing democracy to the doorsteps of every citizen.

Any political party or individuals who opposes such system

innovation means they have vested interests in not removing

poverty, corruption & inflation.


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Thank you

Pankaj Bhargav

7738766664

Please send your feedback at

[email protected] https://www.facebook.com/cashlesstransfer

Let us make India the No.1 nation of the world by bringing the above

changes

Please tell your friends also to join the above campaign to free India of

corruption, poverty and inflation.

Jai Hind

black money control by using mobile phones

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