(VASUDHA) Call Girls Balaji Nagar ( 7001035870 ) HI-Fi Pune Escorts Service
Demonetization Intent, secret, myth, math and politics behind demonetization of 500 and 1000 rupee notes
1. Very warm welcome to all of you!!
Jagdeep Yadav
jagdeepyadav@yahoo.com
Intent, Secret, Myth, Math and
Politics behind Demonetization of
500 and 1000 Rupee note.
18-Nov-2016
Disclaimer : Do not try to find mistakes in numbers/figures. Try to understand
the Intent of the video, Content may have some error.
19-Nov-16 JAGDEEP YADAV -- jagdeepyadav@yahoo.com
1/31
2. 1. I am not in favor/against of any Religion or Political Party. Please do not link this video to them
2. I am not connected to any International body from where I have taken the DATA (Numbers and Figures)
3. By Profession, I am not a CA/CS/CMA or working in any Government Organization.
4. If you get hurt by watching this video, then please forgive me.
5. I am only presenting my Logic, Calculation and Knowledge about this Demonetization.
6. This video is purely related to the SYSTEM (Not to any Political Party).
DISCLAIMER / REQUEST
ASSUMPTION
1. I have considered our entire GDP in the form of CURRENCY
to get the actual figure of BlackMoney.
19-Nov-16 JAGDEEP YADAV -- jagdeepyadav@yahoo.com
2/31
3. QUERY/FAQs
1. Reintroduction of 500 and 2000?
2. Will the Government get all the Black Money Back?
3. Prices of Real Estate, Interest Rate and FMCG will go down?
4. Corruption, BlackMoney and Counterfeit will stop?
5. Was this demonetization movement really a secret?
6. Is this connected to UP Election?
AGENDA
Additional Query
1. If government changes, will they roll back this decision?
2. What is Black Money?
3. What is counterfeit note?
4. Will BJP come back as our new Government in UP and in Center?
5. Will the next attack be on Lockers and Immovable property?
6. Was it important to keep this mission so secret?
7. Will the government roll-back this decision?
CONFIRMED SOLUTIONS FOR PROBLEMS SUCH AS:
1. We can pay the entire external DEBT of India in just one year.
2. We can eliminate CORRUPTION at-least 90%
3. We can eliminate BLACKMONEY at-least 95%.
4. We can eliminate FORGERY 100%
ISSUES FACED by COMMON MAN
Calculation of BlackMoney, Tax and GDP
Daily Earning of Indian and US Citizen
CORRUPTION Rating and Ranking of India.
LINKS From where I have collected DATA
12 Problems of Paper Currency
12 Benefits of Digital Currency
HISTORY AND FACTS OF INDIAN CURRENCY
15 Lakhs for each Citizen Is it really possible??
19-Nov-16 JAGDEEP YADAV -- jagdeepyadav@yahoo.com
3/31
4. HISTORY AND FACTS OF INDIAN PAPER CURRENCY
• It was started in 18th Century.
• Only Private Banks were printing Paper Currencies, such as Bank of Bombay, Bank of Bengal, etc.
• The first bank to print paper currency was Bank of Madras
• Government of India started printing currency only after “Paper currency Act – 1861”.
• It was the monopoly of Government for printing currency.
• RBI took over the responsibility from GOI in 1935 and in Jan-1938 FIVE Rupee was the first currency!
• RBI also printed notes of 10, 100, 1000 and 10000!
• In 1946, 1000 and 10000 were Demonetized.
• In 1954, RBI again printed 1000 and 10000, along with 5000
• In 1978, 1000, 5000 and 10000 were Demonetized.
• Coins are still produced by GOI, RBI only acts as distributing agent.
• RBI can print denomination up to 10000
• GOI can mint Coins of denominations up to 1000
• One Rupee currency is signed by Finance Secretary
• More than one rupee note, it is signed by RBI Governor
• Notes are printed at : Nashik, Dewas, Mysore and Salboni
• Coins are minted at : Mumbai, Noida, Kolkata and Hyderabad
19-Nov-16 JAGDEEP YADAV -- jagdeepyadav@yahoo.com
4/31
5. Some of the reasons why people are happy due to this Demonetization are:
• People are emotional.
• They are thinking that PRICES will come down.
• Their neighbor was an IPS/IAS/Corporator who had lot of money and this demonetization will make them poor.
This is purely called jealousy.
• They are also happy because they are thinking that there will be NO CORRUPTION.
• Common man is under the impression that Black Money will be
removed from the system.
• Some of them are even thinking that now Pakistan (ISI) will not be able
to commit any Anti-National activity.
• Few are even thinking that now no more fake currency in the system.
• Immediate result by 30-Dec-2016 (Please note that this nation was
suffering since last 70 years and Modiji has promised us clean country in
less than 70 Days). He must have told us that it will take another 2 years
and this is just the start which is actually the practical statement.
• But, this immediate result promise may go against Modiji!!!!!
19-Nov-16 JAGDEEP YADAV -- jagdeepyadav@yahoo.com
5/31
6. Some of the reasons why people are un-happy with this movement are:
1) Huge line to exchange notes, deposit and withdrawal and this has made their daily life miserable.
2) Banks does not have proper clarity. They keep changing the rules as per their mood.
3) Only common man are affected as they have never met IAS/IPS/Doctors/Lawyers along with them in line.
How far this demonetization with reintroduction of new notes of 2000 will help in combating the issues explained
by our Government is a still a myth for me.
But, if we have to stand in bank line and can get rid of these challenges of corruption, BlackMoney, counterfeit and
terrorism, then I have no issues.
I can stand for entire year to get a clean Nation.
But, what is projected is not that easy in this short duration, because we
have to clean this country since 1947.
System which is ill since last 70 years, can we clean in 50 Days? I have a
doubt unless we go paperless for currency!!
Let me explain you those reasons with facts and figures!!!!!!!!!!!!
19-Nov-16 JAGDEEP YADAV -- jagdeepyadav@yahoo.com
6/31
7. My Understanding As per my understanding, these could be the reasons:
1) If we think that government should have printed enough notes of 100, then this is practically not possible in this short
time and that too when Government have to execute such a secret mission and more than 85% of our economy is of 500
and 1000. Imagine the time and cost to print that much notes of 100 and then delivering them to 2 Lakhs ATM.
2) We simply cannot withdraw 85% of Physical currency from the Economy as that will create more problems for the
Citizens. Some financial experts may say that it will collapse the Indian economy, but I do not agree with them.
1) Reintroduction of 500 and 2000 is a Necessity, Suspense, myth or Mistake?
Government has demonetized 500 and 1000 because they were high value notes and this is one of the reason of black
money, corruption, forgery, etc., then by reintroducing higher value notes like 2000 is defeating the purpose and the
beauty of this Demonetization Attack.
Suggestion Please use this 2000 and 500 notes only as a stop-gap
arrangement and then Demonetize all the notes including 50 and 100
and become PaperLess Currency Country. I have already sent an Email to
Indian Government long back where I have suggested to be the first in
the world to have PaperLess Currency and have only Digital Money.
With the penetration 4G Network, it now possible to go paperless even
for currency and make India the world’s first country with no paper
currency.
19-Nov-16 JAGDEEP YADAV -- jagdeepyadav@yahoo.com
7/31
8. 2) Will the Government get all the Black Money Back by Demonetizing these 500 and 1000 rupee notes?
My Understanding Black money market of India in 2015 was 80 Lakh Crore INR. Some news channels are quoting 30 Lakh
crore and I do not agree with them.
More than 50% of black money are in Real Estate, 30% in Jewelry , 10% in Forex and 10% Cash which is 8 Lakh Crore.
Out of 8 Lakh Crore Cash, more than 80% Cash are with Babus and Politicians. Common man has got only 20% which
comes to 1.6 Lakh Crore Cash in Black money.
About the Property, Jewelry, Forex --- Mostly it is with Babus and Politician. Hardly 10% would be with Common Man.
This means, common man again just got 7 Lakh Crore Black Money invested in Property, Forex, Jewelry.
I have sent an Email to Government in which I have explained about the
Form which I named as "WDS = Wealth Declaration Scheme“ where
people have to declare their assets and another Email about having
paperless currency, DIGITAL CURRENCY.
Unless we initiate these two, we will not be able to meet the purpose of
this Demonetization.
Suggestion 90% of the BlackMoney are with 10% (Babus and Politicians.)
10% of the BlackMoney are with Common Man (90% of the Population)
Government has attacked entire nation and finally they will be able to recover only 2% of the Blackmoney which are in
Cash with small fish, and that too if this mission is successful.
Demonetization has only attacked these 1.6 Lakh Crore. Babus and Politicians will somehow get their amount adjusted.
19-Nov-16 JAGDEEP YADAV -- jagdeepyadav@yahoo.com
8/31
9. 3) Prices of Real Estate, Interest Rate and FMCG will go down?
My Understanding
Yes, it should go down because government will get some liquid cash back in the system. Even if it is 2% as per my
calculation, still it is huge which is almost 1.6 Lakh crore.
If government attacks on Property and Cash of Babus and Politicians, then I am sure that even in India we will get home
loan at the rate of 1 to 2% per Annum.
Unless Government implements my suggestions of Wealth Declaration and Digital Currency, I find it difficult.
Suggestion Please implement these two things:
1) Wealth Declaration Scheme to find Benami property or under valued property.
2) Digital Currency --- First Country in the Universe to have PaperLess currency.
19-Nov-16 JAGDEEP YADAV -- jagdeepyadav@yahoo.com
9/31
10. 4) Corruption, BlackMoney and Counterfeit will stop after this Demonetization?
Suggestion Please implement these two things:
1) Wealth Declaration Scheme to find Benami property or under valued property.
2) Digital Currency --- First Country in the Universe to have PaperLess currency.
My Understanding The whole reason of BJP Government to Demonetize these notes was Corruption, Blackmoney and
Forgery.
However, I personally do not agree with this because we still have high denomination notes and now it will be more easy.
In Fact this High Denomination note of 2000 has already started giving problems. I am carrying this note since last 5 days
and nobody has a change and even if they have it; people prefer not to give change and take a risk in understanding
whether this 2000 note is real or fake. No common man will ever be able to distinguish between a real note a fake note.
19-Nov-16 JAGDEEP YADAV -- jagdeepyadav@yahoo.com
10/31
11. 5) Was this demonetization movement really a secret?
Suggestion Please implement these two things:
1) Wealth Declaration Scheme to find Benami property or under valued property.
2) Digital Currency --- First Country in the Universe to have PaperLess currency.
My Understanding I do not agree with the above statement fully as I myself have seen the news of Demonetization in
news paper.
I can give this document if required.
But, this does not matter to me at all as long as the intent is in favor of country.
Indian citizens wants to see clean country where we have Rate of Interest as 1 to 2 %, and real estate rate should be
reduced by 30 to 40%. If we get this, any kind of politics is fine with me.
19-Nov-16 JAGDEEP YADAV -- jagdeepyadav@yahoo.com
11/31
12. 6) Is this connected to UP Election?
Suggestion Please implement these two things:
1) Wealth Declaration Scheme to find Benami property or under valued property.
2) Digital Currency --- First Country in the Universe to have PaperLess currency.
My Understanding I partially agree with the above statement. The reason is why have they chosen this movement when
the UP Election is so close.
But, this does not matter to me at all as long as the intent is in favour of country.
19-Nov-16 JAGDEEP YADAV -- jagdeepyadav@yahoo.com
12/31
13. Additional FAQs
7) If government changes, will they roll back this decision?.
Understanding I don't think so. They cannot do this because current government has taken all necessary legal steps.
Suggestion I would request government to please come to Media and accept different Questions from Common man
and please clarify their doubts and queries.
8) What is Black Money?
My Understanding Black Money comes in three forms:
1) Any Cash Transaction which is not shown to government and Tax not paid.
2) All corruptions are Black Money.
3) Incomes earned by Benami company - WhiteMoney.
Suggestion: Please go through my Email which I have sent last year
to RBI as well as to PM office in which I have mentioned about
having only Digital Currency, no paper currency.
Please read my Email in which I have explained about adding one
more tab on Income Tax site to declare the Assets as well.
I have named this scheme as "Wealth Declaration Scheme - WDS".
19-Nov-16 JAGDEEP YADAV -- jagdeepyadav@yahoo.com
13/31
14. Additional FAQs
9) What is counterfeit note?
My Understanding These notes are not printed by GOV/RBI.
However, it is very difficult for a common man to differentiate between fake and real note.
Suggestion I would request government to go paperless even for currency and create only Digital Economy.
10) Will BJP come back as our new Government? Will BJP win the election of UP?
My Understanding Answer is common to both the question.
If government does not deliver what was promised and told as the reasons for Demonetization, I feel BJP will not come
back.
Today, all our Voters are in Bank line and highly frustrated.
Those who are not in line, are not the voters.
Suggestion Please provide Janta what they are expecting from Government
latest by 30-Dec-2016 mentioned below:
19-Nov-16 JAGDEEP YADAV -- jagdeepyadav@yahoo.com
1. Prices should go down by 30%
2. Rate of interest reduced at least by 3 to 5%
3. No Black Money
4. No Corruption
5. No Fake Notes
6. No Terrorism
14/31
15. Additional FAQs
11) Will the next attack be on Lockers and Immovable Property?
My Understanding I do not know. But, if government does not do that, then they will not be able to achieve the motto
of bringing the Black Money in the system!
But, ceasing immovable property will not be that easy. Even if government does that, these cases will be in
Government files like any other file and culprits will be on Bail.
Suggestion Enable Digital Currency and charge 2% Flat tax on all our Transaction. Remove all other Taxes.
19-Nov-16 JAGDEEP YADAV -- jagdeepyadav@yahoo.com
15/31
16. Additional FAQs
12) Was it important to keep this mission so secret?
My Understanding Yes, it should be, or else, the whole purpose will get defeated?
Suggestion It is too late now to give any suggestion on this topic
13) Will the government roll-back this decision if all other political
parties keep maintaining the pressure?
My Understanding No, now it is not possible?
Suggestion Please do not Roll-Back this decision, just demonetize the
higher values notes which you have introduced and slowly move towards
paperless currency, Digital Currency
19-Nov-16 JAGDEEP YADAV -- jagdeepyadav@yahoo.com
16/31
17. ISSUES FACED by COMMON MAN
1) Banks are changing the rules of withdrawal and exchange every day and there is no clarity. It is not standard across
the Bank and the worst part is there is no standardization even within the Banks. Different rules are there in different
branches of same bank and there is no clarity. People are standing in queue for 4 to 5 hours and then when they reach
the counter, they get the surprise. There is no announcement or notice provided to the citizens in advance.
R1) Please instruct a strict guideline to banks and also issue a common circular and guideline about the withdrawal and
deposit rules. Every bank and branch should follow this. Banks cannot change the rules as per their mood, yes it as per
their mood.
I would also request Government to involve NGO and Corporates (CSR) so that NGOs can at least take care of some
villages and Corporate CSR can take care of their employees.
2) Common man who has got no bank account and has only earned less
than 1 Lakh per annum, by this time they might have saved more than 2.5
Lakhs. However, now they cannot prove that this is their hard earned
money as they have never filed IT-R.
R2) Please have some rules for this section as well.
19-Nov-16 JAGDEEP YADAV -- jagdeepyadav@yahoo.com
17/31
18. ISSUES FACED by COMMON MAN
3) People are more frustrated because they do not see any Doctor, Lawyer, IAS, IPS or Politicians in line. Only the
common man (and Rahul Gandhi) is in line and struggling to get their hard earned money. It is not the black money at
all.
R3) Please expedite the process of Withdrawal and Deposit.
Every Citizen of India knows who has black money. Please attack that section as well so that common man will not feel
that only they are attacked.
4) Even after getting 2000 Rupee note, it is of no use for the
common man. It can be of use for upper class family who goes
for dinner in 5 star and pay 4000 for one dinner.
R4) Please issue 100 rupee notes in large quantity.
2000 is really of no use at least for this common man who are in line.
19-Nov-16 JAGDEEP YADAV -- jagdeepyadav@yahoo.com
18/31
19. ISSUES FACED by COMMON MAN
5) Banks are using inks (like election) while exchanging notes.
R5) If banks are authorized to do this, then please publish on your RBI website.
Apart from this, I failed to understand the logic behind this.
6) Common man has got many issues and on top of that this Demonetization
and standing in Queue daily.
We know that stood for a movie ticket, mega sale, cricket and others, but
that was fun and this is a tension.
R6) Common man will not mind standing in queue for next 50 days (30 Dec),
but please make sure that we get clean India which is clean from :
Corruption, BlackMoney, Counterfeit and Terrorism.
As per me, the only problem for Corruption, Forgery, Counterfeit, Terrorism
and other is the existence of Physical Currency which has no traceability.
By implementing Digital Currency, I am sure that at least Corruption, Black
Money and Fake notes will be covered. About terrorism, it will not stop, but
yes, it will surely act like a speed breaker.
19-Nov-16 JAGDEEP YADAV -- jagdeepyadav@yahoo.com
19/31
20. Calculation of BlackMoney, Tax and GDP
GDP 2015 USD Trillion 2.371
Lakh Crore INR INR Billion USD Remarks
1 1,000,000,000,000 15 330 Ton Gold at 30K Tolla
160 160,000,000,000,000 2,371 Black + White Money
80 80,000,000,000,000 1,186 Black Cash Money in Market
80 80,000,000,000,000 1,186 White Money in Market
14.8 14,800,000,000,000 219 Tax Paid to Indian Government
65.2 65,200,000,000,000 966 White Cash with Citizens
Now, if we have invest 130 Lakh Crore of BlackMoney in real estate,
then with the ration of 60% Black and 40% White, we end up investing
50 Lakh Crore of the White Money, whereas the transaction has
actually happened for 130 Lakh Crore and the beauty is we again have
80 Lakh Crore has come back in Blackmarket.
19-Nov-16 JAGDEEP YADAV -- jagdeepyadav@yahoo.com
20/31
Physical Currency Lakh Crore %
Total Paper Physical Currency 17.5 100
1000 Paper Physical Currency 8.365 47.8
500 Paper Physical Currency 6.7375 38.5
Rest Paper Physical Currency 2.3835 13.62
Paper currency in
circulation as of
2016 is 11% of our
GDP of 2016.
21. GDP and Earning of Indian and US Citizen - 2015
Indian GDP per capita (Annual) Rank
Per Capita Annually
(USD)
Population
GDP in USD
Billion
IMF is USD 1604 (for 2015) 140 1,604 1,311,050,527 2,103
WB is USD 1582 (for 2015) 139 1,582 1,311,050,527 2,074
UN is USD 1586 (for 2014) 150 1,586 1,311,050,527 2,079
As per me the actual should be USD 1765,
because the actual GDP is 2308 Billion USD
NA 1,765 1,311,050,527 2,314
INDIAN USA
Yearly Earning in INR 114,725 3,705,000
Monthly Earning in INR 9,560 308,750
Daily Earning in INR 319 10,292
Loan in Billion USD (2016) GDP in Billion USD (2016)
USA 19,643 18,341
INDIA 486 2,314
19-Nov-16 JAGDEEP YADAV -- jagdeepyadav@yahoo.com
21/31
22. 1. Logistic System such as TRUCK. (3.3 Billion USD Annually)
2. Police Stations and Traffic Police
3. Local Civic Bodies like Gram Panchayat, Council Corporation
4. Media -- Mostly owned by Politician or Industrialist. We get
fake news or manipulated news once they get the HAFTA.
5. NGO -- They are another source or corruption.
6. Judge (Any court), IAS, IPS
7. Registrar Office
1. Excessive regulations
2. Complicated tax and licensing systems
3. Numerous government departments each with
opaque bureaucracy and discretionary powers
4. Monopoly of government controlled institutions
on certain goods and services delivery
5. Lack of transparent laws and processes
1. Bofors Scam – 1980s & 90s – 100 to 200 Crore
2. The Fodder Scam – 1990s – 1,000 Crore
3. The Hawala Scandal – 1990-91 – 100 Crore
4. Harshad Mehta & Ketan Parekh Stock Market Scam – 1992 – 5000 Crore
5. Telgi Scam – 2002 – 20,000 Crore
6. 2G spectrum scam - 1.7 lakh crore (US$25 billion) - 2008
7. Satyam Scam – 2009 – 14,000 Crore
8. Commonwealth Games scam - 70,000 crore (US$10 billion) - 2010
9. Coal Mining Scam - 1.86 lakh crore (US$28 billion) - 2012
10. Wakf Board Land Scam – 2012 – 1.5 lakh crore
1. Indian Penal Code, 1860
2. Prosecution section of Income Tax Act, 1961
3. The Prevention of Corruption Act, 1988
4. The Benami Transactions (Prohibition) Act, 1988
5. Prevention of Money Laundering Act, 2002
1. Illicit Financial Flows
2. Trade Misinvoicing
3. Money Laundering
4. Anonymous Companies
5. Tax Havens & Bank Secrecy
6. Transnational Crime & Terror
19-Nov-16 JAGDEEP YADAV -- jagdeepyadav@yahoo.com
22/31
23. ONE Solution for all our Problems!!!!!
Sr. #
Problems of having
Physical Currency
Problems of a Common
Man
Problems of India
Benefits of Having Digital Currency
Benefits for a Common Man
Benefit for the Nation
1
Very Limited Transparency
of Financial Transaction.
Full Transparency of Financial Transaction.
2 Black Money Only White Money
3
Counterfeit Notes.
Terrorist can carry fake
notes with them when they
enter India.
No Counterfeit Notes.
Terrorist can't carry any fake notes with
them when they enter India. Even If they
carry USD, they will find it difficult to use.
4 Corruption
Less Corruption. But still, we can minimize to
a very high extent.
If anybody wants bribe, he will not be able
to accept that because we will have no
physical currency.
5 Dowry
It cannot be eliminated, but yes; it can be
tracked. People will demand Jewelry and
property, but trackable.
World is moving towards Digital
Currency.
No government will do this, and the
reasons are known to whole world.
That is why BitCoin is come which is
not owned by any Government and
most importantly by any Bank!!!
19-Nov-16 JAGDEEP YADAV -- jagdeepyadav@yahoo.com
23/31
24. ONE Solution for all our Problems!!!!!
Sr. #
Problems of having Physical Currency
Problems of a Common Man
Problems of India
Benefits of Having Digital Currency
Benefits for a Common Man
Benefit for the Nation
6 Kidnapping
Very difficult. Because a Kidnaper can be
traced.
7 Robbery
Very difficult. Because even after robbing
the Gold and Jewelry, he will not be able
to sell it.
8 Donation in School/Universities
It cannot be eliminated fully, but yes; now
it becomes accountable.
9 Parallel Economy due to fake notes. No parallel economy.
10
Huge effort is required to Print the
currency, to protect the printing
technology, to transport the currency.
No effort for printing.
No effort to protect any printing
technology.
No effort for Logistic.
11
It is very difficult for a Government to
know how much money is in circulation.
Real time information will be available.
12
More than 2 Lakh ATMs are there in the
Nation. Imagine the Electricity required
and effort to maintain these ATMs.
No ATMs. Electricity Savings. Space
Savings. Man hours Savings.
(Some Info about ATM -- 4 Box, 5 X 5 sets
of Notes of 100 Notes. Which means
2500 Notes per Box. This means 10000
Notes per ATM. If we put only 100, then
we can put 2500 X 4 X 100 = 10 Lakhs.)
19-Nov-16 JAGDEEP YADAV -- jagdeepyadav@yahoo.com
24/31
1,311,050,527 Indian Popultion
1,500,000 Promised by BJP Government
1,967
Total Amount required is
2000 Lakh Crore INR
29,499
29 Thousand Billion USD is
required to fulfill this promise
29
29 Trillion USD will be
required to fulfill this
promise.
2
2.3 Trillion USD is the Indian
GDP
25. Problem and Solution for Digital Currency!!!!!
Sr. #
Problems of
having Digital
Currency
Solutions
1
Will the
Bhajiwaala be
able to accept
Digital ?
Yes, government has to make it compulsory that every
business man should have the device.
People can now use WhatsApp, Facebook without any
training. Using this device will be even simpler than
WhatsApp and Facebook.
Some challenges will come for Elder and illiterate, but
Government can always educate them by arranging a
workshops.
2
What in case a
citizen looses his
device which is
getting used for
Payment by
Digital Money?
We can eliminate this with the help of Machine which will
be capable of accepting money by multiple methods:
1) By Swiping our Finger and entering the PIN. UID, Bank
Account and Mobile should be linked.
2) By Swiping the Card and Entering the PIN.
3) By Scanning the QR Code from Mobile and Entering the
PIN.
4) They can still give Cheque where ever it is
possible(School, Buying Property, etc)
19-Nov-16 JAGDEEP YADAV -- jagdeepyadav@yahoo.com
25/31
26. Problem and Solution for Digital Currency!!!!!
Sr. #
Problems of having
Digital Currency
Solutions
3
What if the Device
becomes faulty of a
businessman with which
he is accepting the Digital
Money?
He can use his Mobile Phone to accept the
Digital Money.
He should be able to Register Two Mobiles with
his Device which can be used in case his Device
has some problem.
4
Settlement takes more
than 24 hours. How will
the shopkeeper rely on
the payment.
It is very simple to make it real time. RBI has to
issue a circular to Bank that they have to do it
real time.
5
Hacking of Digital Money.
(Please read my EMail
which I have sent to
Indian Government about
how to protect Debit Card,
dated: Wednesday, 15 July
2015 10:33 PM.)
We can have Two Accounts for Every Individual.
1) Citizen can keep his first account unlocked. He
can transfer funds from his Second account.
There will be a limit which a user can set for the
amount that can be transferred in this account
from his bigger account. He can also set limit in
this small account that can be used daily. This
can be used for small transactions like buying
Morning Breakfast, and daily requirement.
2) Citizen can keep his Second Account Locked.
This can be used for Big Transaction.
19-Nov-16 JAGDEEP YADAV -- jagdeepyadav@yahoo.com
26/31
27. Rank Country 2015 2014 2013 2012
1 Denmark 91 92 91 90
2 Finland 90 89 89 90
3 Sweden 89 87 89 88
4 New Zealand 88 91 91 90
5 Netherlands 87 83 83 84
5 Norway 87 86 86 85
7 Switzerland 86 86 85 86
8 Singapore 85 84 86 87
9 Canada 83 81 81 84
10 Germany 81 79 78 79
10 Luxembourg 81 82 80 80
10 UK 81 78 76 74
Score of Top 10 clean country in
terms of corruption as per TI.
https://www.transparency.org/cpi2015/#result_table
19-Nov-16 JAGDEEP YADAV -- jagdeepyadav@yahoo.com
27/31
28. India is on 76th Number with a score of
38 on a scale of 100.
Score of 90 to 100 is considered as very
clean country.
19-Nov-16 JAGDEEP YADAV -- jagdeepyadav@yahoo.com
28/31
30. Global Financial Integrity (GFI) http://www.gfintegrity.org/
Transparency International (TI) http://www.transparency.org/
Financial Transparency Coalition (FTC) https://financialtransparency.org/
World Bank http://data.worldbank.org/
International Monetary Fund (IMF) http://www.imf.org/external/index.htm
International Consortium of Investigative Journalist (ICIJ) https://www.icij.org/
United Nations https://www.un.int/
World Health Organization (WHO) http://www.who.int/en/
United Nations Educational, Scientific and Cultural Organization (UNESCO) http://en.unesco.org/
United Nations International Children's Emergency Fund (UNICEF) https://www.unicef.org/
International Court of Justice (ICJ) http://www.icj-cij.org
North Atlantic Treaty Organization (NATO) http://nato.int/
International Criminal Court (ICC) https://www.icc-cpi.int/
International Labour Organization (ILO) http://www.ilo.int/
INTERPOL https://www.interpol.int/
International Organization for Migration (IOM) http://www.iom.int/
World Intellectual Property Organization (WIPO) http://www.wipo.int/
World Trade Organization (WTO) http://www.wto.int/
Statistics Times http://statisticstimes.com
Financial Action Task Force (FATF) http://www.fatf-gafi.org/
LINKS From where I have collected DATA for this presentation
19-Nov-16 JAGDEEP YADAV -- jagdeepyadav@yahoo.com
30/31