Demonetization

Demonetization - The Mantra to end Corruption and Black Money

Bharatiya Vidya Bhavan

Youth Parliament Program conducted the fourth session Dr. Jayaprakash Narayan and K Ramachandra Murthy & Venkata Krishna interacted with participants of the Youth Parliament Program on 23rd of November, 2016 at Bharatiya Vidya Bhavan, Basheerbagh.

The agenda for the session was “Black Money, Corruption, Tax Control and their Impact on Society”. Dr. JP recommended certain steps for better execution of the demonetization move, such as, introducing the Service Guarantee Act, reforming elections, bringing reforms in real estate, removal of 1000 top most corrupt high officials to prove as deterrence to the others, and finally re-introducing Smugglers & Foreign Exchange Manipulators Act, 1976 to curb the illegal transactions with foreign accounts. It was held in collaboration with knowledge partners – Foundation for Democratic Reforms.

Dr Narayan’s argument that it’s time to bring about harsh measures to control the problem of corruption. Demonetisation may not be the only solution, as recently two Gujarat officers were found taking bribe of Rs 2.9 lakh, all of which was in new currency notes.