A booklet on concept for views/ discussion

[sunil jogdeo]

Pl go thru attched booklet and critically evaluate,
when ever time permits.

Sunil Jogdeo
Social Activist, Arthakranti Pratishthan

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[Harsha]

>To bring down maximum denomination of Indian currency to Rs.50/-. Currently it is

> Rs.1000/-. By doing this all the black money stored in the denomination above Rs.50/- will >

> come in circulation and contribute in mainstream of the economy. AKP proposal gives a very > logical reason for this by comparing our denomination with many advanced countries, which > have lesser denomination currency than ours.

 

The extent of currency economy (M1) is so less in terms of GDP that this may not be felt. Instead, we should encourage plastic money, and make sure that all transactions beyond say 1 lakh should be legally authorised,  with a very nominal charge.