Let us make India the No.

1 nation of the world

How INDIA can remove Corruption & Black Money 100%, bring democracy
in the hands of the people & also enable true SWARAJ by using mobile
phones for cashless transactions, taxes & voting

Benefits of using mobile phones for doing cashless transactions

Since Independence, it is estimated that over 25% of the economy is BLACK MONEY and when all
this becomes white:
1.

Taxes will improve significantly. inflation will come down dramatically. Central & state debt will be wiped off,

2.

For every Rs 500 note, Govt is wasting Rs 40 in its printing and there are huge counterfeit notes circulating in the
economy. Notes get soiled quickly and the cost of transportation etc is very heavy.

3.

Rupee rates will strengthen leading to better credit ratings & reduced cost of oil imports. Current account deficit
will get reduced leading to lower fiscal deficits which in turn will lower interest rates. It will boost jobs, business

and economy multifold. The countrys cost of operation will get reduced so even with low taxes, it will be able run
smoothly. The people will become richer by many times-India will no more a poor country.
4.

There will be no theft, no wallets, no ATMs, no burglary etc.

5.

Corruption will be eliminated. Since all Indians will have already given details of the list of
properties, gold, cash, assets, shares etc that he possesses, even if someone tries to do a barter by
handing over some gold to him the transferor will have to provide reasons why it was given which
will nail all such ill gotten wealth. Tax will be taken on such transfers. Henceforth there will be no
generation of black money in the country. All hawala transactions will be eliminated.

No of
seats
Lok Sabha

543

40

13032

3093

16

3.2

29692.8

270000

0.6

486000

Vidhan Sabha
Panchayat &
municipal seats

Average money
spent during the
Amount that elections by each
can be
such serious
No of
legitimately candidate (in
serious
spend by a crores) is
candidates candidate actually about 20
(1 each of as per
times the allowed Total
UPA, NDA & election
limit, ignoring the money
regional
commission money spent by spent
Party)
(in lakhs)
other candidates (crores)

funds spend
on elections
by each 1 % of money declared as
of the 3
received compared to
parties
the money used to fight
every year elections

528724.8
105744.96

35,248

Amount of funds
received every year
as declared by
332 crores out of which mostly cash has been collected less than Rs
some of these
Congres 20000 and so the donor name has not been mentioned and only donors
parties
s
name of Rs 17 crores have been shown
BJP

170

0.91%
0.05%

So obviously the balance money is coming from mafia, builders, corporates, etc who will extract benefits
atleast 5-10 times the money parted by them as it is give & take quid pro quo. They are given contracts in
many tenders, rail, road, mining, building & repairing works, etc and thus do sub standard work

Rs 30,126 crores will be saved every year by

conducting elections using mobile phones

Amount of money lost per year due to holidays declared for elections (assuming 3 elections comprising of
Lok Sabha, Vidhan Sabha and Gram Panchayat) in a 5 year period is Rs 15000 crores (calculated @ Rs
200 per day average per capita earnings of 120 crore Indians)

The deposit of Rs 25000 is too less to be lost by frivolous candidates if he scores less than 16% of the
votes polled. It should be raised to Rs 2.5 lakhs and even the nominees should be increased from 10 to
20000 to reduce the serious candidates to 5 or 6

The cost of conducting elections must of another Rs 5000 crores every year including the salary cost of
security and staff, transportation etc.

Assuming that 4 candidates in each constituency must be spending per day Rs 1000 for keeping atleast
10 staff members for 10 days for each polling station to give voter slips to go a polling station, checking
the authenticity of voters and after that while votes counting, which works out to Rs 7.50 lakhs each and
so the total cost of unnecessary expenses during lok sabha elections (assuming each polling station has
1000 votes, he will need 1500 volunteers minimum assuming 15 lakh voters) =(Rs 1000 per day * 10
days* 1500 volunteers * 4 candidates)=Rs 6 crores

And thus for 543 lok sabha seats=total avoidable expenses is Rs 3258 crores

Vidhan Sabha seats: 3093 so total avoidable expenses is Rs 18558 crores (Rs 1000 per day * 10 days *
250 volunteers (1/6 of lok sabha as size is 1/6)*4 candidates=1 crores *3093=Rs 3093 crores

Gram Panchayat & municipal election seats in India:270000 so the total avoidable expenses is Rs (Rs
1000 per day * 10 days * 41 volunteers (1/6 of vidhan sabha as size is 1/6)*4 candidates=1 crores
*270000=Rs 44280 crores

So total avoidable election expenses in 5 years is Rs (15000*5 year + 5000*5 years+ 3258+
3093+44280)=Rs 1,50,631 crores or Rs 30,126 crores every year

Benefits of using mobile phones for conducting elections

It will reduce Rs 30,000 crores expenses every year thereby boosting economy

It will ensure nearly 100% voting giving chances to good candidates to win elections as
currently a lot of rich and educated people do not want to vote for criminals who have entered
politics
Right to recall or right to reject will become very easy thereby boosting democracy and swaraj
People can continue in their regular work and participation in day to day decision making will
happen giving boost to better usage of taxes collected helping in referendums
It will eliminate chances of impersonated votes
The cost of preparing and maintaining electoral rolls will get eliminated

Benefits of taking 1% tax on every transaction

The govt will get taxes instantaneously helping it in better planning, execution and
provisioning. Tax avoidance will become zero improving tax receipts even at such low rates
Business entities which are not publicly listed will be spared from maintaining challans, filing
tax returns, filing returns to ROC or worrying about raids or any wrongdoing. The system will
not allow the businessmen from becoming dishonest. The current cost of accounting
compliance is very high for keeping accountants and auditing accounts by CAs, CSs which
will get eliminated thereby lowering prices and boosting economy.
Since all the current taxes like Service tax, VAT, excise, income tax, profession tax, CST etc
will be eliminated by having just 1 transaction tax (except custom duty), over 30 lac people
employed in such departments in the central & state govts can be moved into the judiciary,
police, education, healthcare departments (where there are severe shortages but the govts
are not able to appoint people due to lack of money) thereby eliminating delays in giving
justice and also improving public services. Not a single person will lose his job and all the
assets in such offices will be used for such purposes.

Assumptions: The government has to come out with a scheme that no person can
have multiple phones or bank account numbers. Unique savings bank & mobile
number is required for each person or company connected with his unique aadhar
number so that people do not have the option of running away after incurring
expenses or loans. Every Aadhar identified Indian will be given 1 FREE smart
phone by the telecom service provider just as in the USA iphones are packaged
along with the monthly plans.
Before the start of cashless transactions, all & every Indian however young or old
will have to provide all his assets, cash, properties, shares held by him & income
details to the government and also mention how it has been acquired. After such a
declaration any asset found benami will become Government property.
In case the smart phone or the SIM gets damaged, it will be replaced
immediately by the telecom service provider on payment of money immediately. In
case the buyers cell phone is damaged or it is a shopping mall or a railway station,
then instead of the seller typing the buyers mobile number, the mobile number will
have to be typed by the buyer into the sellers cell phone or payment pad. Then
after putting the amount, they will ask for the buyer to put his thumb on the payment
pad for Aadhar authorization. In case a person wants to transfer money over long
distance to anyone, then he will put the mobile number of the person in whose
account the money has to be transferred and the transaction will get completed.
After the transaction is over, both the buyer & sellers account will be updated with
the latest total balance.

Any smartphone can be used for monetary transactions it has to

be connected to the internet server of the bank which will be
checking with the Aadhar number dynamically on online basis.
The user can choose any of the 19 national languages as the
preferred language of his choice to get auto voice based steps for
doing transactions and during voting
The signal has to be strong and available across the country for
either of the party sending the money or receiving the money
Nobody will be able to manipulate the database as it will be 100%
hackproof encrypted using military grade SSL.
Even illiterate people can use without any difficulty. This is the
only foolproof technique of removing 100% corruption and black
money and bringing democracy to the doorsteps of every citizen.
Any political party or individuals who opposes such system
innovation means they have vested interests in not removing
poverty, corruption & inflation.

Thank you

Pankaj Bhargav

7738766664
Please send your feedback at
letslead@gmail.com OR https://www.facebook.com/cashlesstransfer

Let us make India the No.1 nation of the world by bringing the above
changes

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corruption, poverty and inflation.

Jai Hind