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Saturday, December 10, 2016

Clean up the system

This is very crucial time for nation.

All government agencies must be on high alert and do the clean up act in nation and more so in itself.

A scheme was announced to catch black money and those who are associated with it. Entire nation is for the cause and ready to bear all inconvenience for it. Unfortunately it is being seen that those with black money are using every means to convert their black money notes into new. It is shocking to see how Jewelers, Real Estate Agents, CA, Money Exchange dealers, Sham companies and even Religious Place people are being caught in facilitating this conversion. What is most shocking is when honest common people are struggling to find new notes, corrupt people with black money are changing bulk notes from old to new. These are blacksheeps of society.

The entire purpose of catching black money is getting defeated.

The status is alarming. When every note is counted and well documented right from RBI to bank. How corrupt people are getting bundles of new notes. This is a serious lapse in system. Who is doing this?

It is time for government and government agencies to act quick and tough. They must ensure that all such blacksheeps both within the system be it IT department, ED, politicians, bureaucrats and outside like Jewelers, CA, Real Estate Agents, Money Exchange dealers, Religious places, Sham companies and especially bank officials are thoroughly checked and action taken against wrong doers.

Since this is the till date biggest action against black money, the black activity to bypass this is also big. This is proving a huge loss to nation. Considering the magnitude of black activity there must be thorough investigation supervised by Supreme Court and its SIT to make sure no wrong doer escapes. Every account must be checked and entire black money must be traced through its route to its root.

This is big opportunity for nation to catch the culprits and cleanup the system.