Sunday, November 28, 2010

India - A super power soon

Indians speak a lot saying “Is desh ka kuch nehi ho sakta (Nothing can happen about the nation)”. But, I think it just requires three simple steps to develop the nation. A developing nation can be a developed nation in less than a month. All Indians will be happy and it would be the most developed nation on its own. “A SUPER POWER” to be specific. The three steps are as follows:

1. Get Rs. 3,000 trillion (Approx.) back to India

The corrupted money in different parts of the world can be brought back to India. Leave about a comman man like us. Even most of the politicians don’t even know how many zeros are there in 3,000 trillion. This money can make India a super power. Today a dollar costs around Rs.45. Later a Rupee would cost $45. An unimaginable infrastructure, rich people, No divestment, Great technology, Best research and education, Tax free income, etc can be seen in India.

2. Remove Rs. 100, 500 and 1000 notes from the market (remove corruption)

The bigger notes are responsible for the corruption in India. If I have 1crore rupees as black money with me, a bag of Rs.1000 notes could do. But If I have to store the same Rs. 1crore in denominations of Rs.10 at home, A room would not be sufficient. Carrying the same would itself be a problem. So, the only option that would be left to me would be to keep it in bank. It is really difficult to put a lot of black money into the bank. A traffic police could ask for Rs.100 from 200 people, it would be 2000 notes of Rs.10 each. So, his pocket might not be sufficient.

3. Replace the existing currency notes by new one. All bank transactions are free of cost

The best way of removing the duplicate notes would be to use new technology and develop the new notes. Replace the existing currency from the market. The proper money would be in the market. The existing duplicate notes can be removed. To avoid the printing of the new notes, Govt. can take serious legal actions. Also, printing Rs.10 notes would cost them more than Rs.10.

The implementation of these three steps could develop the nation in no time making it the world’s super power. It will be done by some or the other political party one day and we hope the day is not far.

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