I
think presence of higher currency in any country is a sign of corrupted
country.
“NOTHING
IS ILLEGAL IF ONE HUNDRED BUSINESSMEN DECIDE TO DO IT”
From
the above statement we can easily judge that people commit corruption with
unity and managing all illegal activities legally.
By
basing the present situation of India I, strongly recommend to ban higher
currency i.e. rupees 500 and rupees 1000 notes, but when it come to
implementation it become an ARM-CHAIR-THEORY.
According
to the survey, total percentage of currency notes that are circulated in India
is as follows
Rs 100 notes: 23%
Rs 500 notes: 44%
Rs 1000 notes: 24%
Remaining: 09%
Approximately
fake currency in India is about 170,000 to 200,000 crores in circulation.
Reserve bank of India has no right to ban the currency. Only government of
India has the right to ban it. Central bank only prints the currency notes and
the denominations decided by the government of India.
Per
capita income is the income which is evenly dividing the nation income among
the country’s total population. By comparing with other developed nations per
capita income i.e. (America, Europe, Japan ) There is no need to circulate
currency notes more than rupees 100 in India.
WHAT HAPPENS WHEN GOVT BANS HIGHER CURRENCY?
1) It will become great blow to
the corrupted people and politicians.
2) Politicians found it very
difficult to accept bribe.
3) Government can recover the
black money while exchanging.
4) People found it very
difficult to do their business.
5) In developed countries
maximum 90% of transactions are through banking system. But, for India it is
about 35% to 45% only because of poverty.
6) Keeping poor people out of
banking system is not apt. hence banking services is increased in rural areas
also.
“OPPORTUNITY
MAKES A THIEF” so, do not give an opportunity for anyone to commit corruption.
As
a responsible citizen we must support and demand to ban higher currency and
make India from corruption free.
