Saturday, December 11, 2010

Tuesday, August 11, 2009

Thursday, July 09, 2009

Plastic Money: solution to corruption

Corruption is rampant in Indian offices and is impeding development of Indian economy and society. I see plastic money as solution to this problem. The basic problem with financial crimes is that money is not traceable. Untraceablility of cash allows the criminals to get away with the crimes.

It will even control terrorism, riots and other crimes. Any crime requires money. If the investigators see money flowing to suspects, they caan conclude that they are up-to something. Similarly, money laundering and black marketing will also come down.