538. A National Treasure

538

A National Treasure

         

          The Finance Minister, Mr. Arun Jaitely, on 29 December 2016, disclosed that the income of the government increased markedly after demonetization.

This money should not go into the hand of the manipulators. Every state must get its share in the form public investments or through public welfare measures.

          Further, the cashless transaction could be implemented in the reverse order.

          The liquor shops must be banned from selling liquor for cash. This means that they cannot deposit their proceeds in banks in cash. This would popularise cashless transaction and check the drinking habits of students.

          The likes of private educational institutions must be banned from receiving cash.

          All private financial institutions and the other private entities must be banned from receiving more than a certain maximum in cash.

          Every contractor must be asked to spend a certain minimum in a cashless manner.

          However, all agricultural products and the perishable items must be free from all restrictions.

          In this way the nation could easily see 80 to 90 per cent cashless transaction.

          The Government confiscated new 2000 rupee currency notes from many places. The prime minister must disclose their origin.

          Further, the natural resources are being usurped by some people. This happens because the prime minister remains functionless. 

          India needs a functional prime minister for this.

There are reports that the Government of India would destroy the demonetized currency notes.

          This matter must be debated in a dispassionate manner.

          The Government might have spent over Re. 40000 crore for printing these notes.

          These notes are a national treasure.

          They have a heritage value.

          They need not be a physical tender.

However, they can be auctioned periodically. This would fetch more than their face value in due course.

          Further, notes for about Re. 1 lakh crore are with the people even now. The physical value of this hoarded currency would increase tremendously if the rest of the notes are destroyed. This should not happen.

This is letter No.538

   This letter is being submitted to His Excellency the President of India, Supreme Court of India, Chief Vigilance Commissioner, Indian Army and the Indian Air Force, and posted in the blog: www.howeverythinghappenedinindia.blogspot.com  on 30-12- 2016.

30  December 2016.

V. Sabarimuthu,

26-3 Thattamkonam, Vellicode, Mulagumoodu PIN: 629167, India.