Sidheswar Jena (Sidhes)
The President of India
The PMO India
The Chief Justice of India
Chief Election commission of India.
Sub: Open letter to make India free from corruption
It is well known fact that in Indian currency of denomination 500/1000 has been banned by Central Govt of India and it is announced by our respected Prime Minister, Mr. Narendra Modi (here in after Mr. P.M) and Mr. Urjit Patel Governor of Reserve Bank of India and others as on 08/11/2016 at 8PM via all Electronic Media. And new currencies of Rs. 2000/500 are introduced and came into force from midnight of 08/11/2016 as legal tender status.
I am a citizen of India and I believe that I am a responsible citizen of my country and I also have some responsibility towards my nation hence, I would like to bring some facts in front of our nation.
With this open letter I openly challenge to all political parties to make an open debate on my views and implement it for the betterment of our country.
If the Govt and all political parties having courage and really want to make our India free from corruption and make we Indians feel proud, I challenge and invite all political parties to organise an open debate on my suggestions and findings, and show courage to implement my ideas with immediate effect.
Govt of India and RBI should issue a circular with immediate effect, stating that all citizens of the country are free to use their old currencies till 31stMar-17 with a simple condition as below.
Election Commissioner should have postponed all upcoming elections (which are going to happen within 6 months) for next 9 months.
What are the precautions should be taken by our citizen.
1. It is compulsory for all citizens of our country to keep bills of their spending and produce them as and when that is required.
2. It is compulsory for all vendors (including all type of business) to keep their record of sales, purchase, payment and receipts for this particular period in a separate format and along with earlier period in regular format.
(That a question may be arise that the people may manipulate their data and do conversion of their unaccounted money, and I would say let them do. The manipulation can be short out very easily, let them do what they want to do, it will be more benefit for the govt because they will pay their applicable tax and again if fail to prove appropriate income source then the whole amount will be seized and the jail term would be separate.)
To take this action and seized all unaccounted money both the house of parliament should pass a new law “Unaccounted Money Law” with immediate effect. Because now there is no such law exist in our present constitution.
There will be no such cap for bank withdrawal and deposits on or before 31st Mar-17
Each bank should have a separate window to deal with foreigners and foreign investment and remittances.
Govt should issue instant Permanent Account No. (PAN Card) to them who all are neither having PAN card or bank account.
There should be no cap for Jandhan account cash deposit or any other account cash deposit, and in my view, just allow them to deposit cash with a condition, that the entire amount will be seized if they fail to show the source of cash deposit.
All jeweler, trader, builder and other suspected business owners/corporate/hospitals etc should not be barred to accept cash, let them accept cash.
Deploy a special team to monitor and investigate their account under Supreme Court or President of India Guideline, a strict action should be taken against them if they fail to produce appropriate document and explanations and they will be suspended from their existing position and business and the same business shall be under take by Govt of India and they may put behind the bar and they will not allow to do any business in future, so there will be no blame game, no income tax and sales tax raid will be required.
All political parties should produce their income, donations receipt matching with expenses and bank statement.
They have to produce pan, address and phone no of the doner, failing with they may be banned for life to participate in Indian politics.
To bring transparency a separate scrutiny on all political parties shall be performed by the special team under Supreme court/President of India guideline, for the period from Nov-16 to Mar-17 and the result shall be published in all local as well as national newspapers along with all electronic media.
After 31stMar-17 all old currency as well as new issued currencies which is in force now shall be banned permanently.
And this much time will be sufficient for the govt to make and arrange security features for new currencies before issuing them, but the new currency higher denomination must be with a maximum value of 200.00
In between all banks and post offices must be ready with adequate infrastructure to help our new nation.
Precautions and Benefits:
The scrutiny work shall be done with a team of retired judge of any High court along with a group of Chartered Accountant, cost accountant, company secretaries and Lawyers and the team size should not be more than 10 no of professionals.
All above auditors and authorities account shall be scrutinize by a separate team under the guideline of Supreme Court/President of India.
This action is required to clear the future consequences and to keep all documents in order for further use.
There will be no requirement to create another long queue and forcing common man to stand in it.
Benami property holders
Those who all are falling under this category will be catch automatically and no need to conduct a separate raid on them. There are many people who all are having a huge property with all legal documents but the income declare is mismatch, neither govt nor Income tax department has any law to crack them down.
How to prevent people taking their money from India to other countries.
It is very common that all people saying there are a huge amount of black money is in some other countries and all political parties taking advantage of that while they are coming for election campaign, if it is true, then why our Govt is not taking any against them.
Present govt should start talk with all counterpart countries and sign a garment in the ground of prevention of black money accumulation and circulation.
That the counterpart countries should not allow any person from India to open a bank account or buying any properties without obtaining a No Objection Certificate from Indian Government and even after getting an NOC from Indian Govt the counterpart country shall update their assets increase and decreased status once in a year to Indian Government.
With this the accumulation and circulation of black money will be stopped immediately.
There will be only one more step ahead for India to become a corruption free country………..and I ll help my country to do so………
There will be no pain to any common man with these steps and no opposition can say anything and simultaneously huge money will be collected.
Remarks: The time limit may vary depending on the real work.
(Author is a Corporate Law Practitionerand can be reached at Email- firstname.lastname@example.org)
Disclaimer- Above are personal view of Author.