Renuka Jain

First and foremost, I commend the efforts of Narendra Modi Sir in combating black money and taking various measures to curb its circulation.First demonetisation in 2016 and now Phasing out of 2000 re note. The intent is excellent but results may not be as desired As in 2016 many got away by exchanges notes from banks, buying gold and Hawala transactions. That time I had requested government with my blog , that introduce zero percent coupon bonds for five years and let the money come into system. My gratitude the government introduced them, but it was too late and by that time, all old notes were taken care of. This is link to my blog in 2016 https://renukajain.blogspot.com/2016/11/cash-may-no-longer-be-king-in-india-in.html The same is happening post RBI announcement of phasing out of 2000 Re note. However the history is repeating. Money going into gold, dollars and exchanges happening.  However, I would like to propose a new approach that can potentially lead to a signific...