Significance of appropriateness of system which is running the world- We are highly vulnerable to

the environment prevailing around us. Even if we are not in favour of slaughter of animal for

consumption, still we serve the non-vegetarian food to our guests. It holds good even if we hate

slaughter and hate eating non-vegetarian. It is simply because it is highly liked and demanded by

some of our guests. Even if we accept the fact that slaughter is a heinous act, we do not fail to serve

non-vegetarians only because it pleases our guests.

Actually, this is true for all social perspectives. We do the wrong things even if we do not want to do

that owing to various external factors and influences. A lot of honest officers are forced to indulge in

dishonest proceedings only because they are not in the capacity to resist the higher corrupt

authorities and trends. Another example is that if someone does not want to receive dowry, they

may have to bear the loss. Even if they do not take dowry, that does not mean they are exempted

from offering the dowry. They still have to present the dowry to bridegroom for their own daughters

and sisters. If someone only keep offering the dowry and don’t receive it they will be financially

crippled very soon. Actually, a lot of draconian customs are imposed and that is why it is difficult to

eradicate it. A lot of mal-practices are fuelled by our social, economical, political and legal system.

There is an utmost requirement of developing a system which is impervious to any kind of

manipulation. If we depend on honesty and other moral virtues of people, we may be subject to

corruption. What if one cannot do anything wrong even if one want to do it. The proposition

encompasses inability of human being to indulge in anything wrong. Thus, only best practices and

trends can be implemented. I am harnessing information technology to develop a system which can

eliminate all kind of mal-practices and vices and establish an utopian state in the country that

implements this system.

Tracking- Formula, accounting at individual, organizational and national standard-

There are few metamorphic changes/provisions needed to be brought into practice-

This is based on the fact that total number of currencies running in the economy is constant except

some well recorded and accounted inflow/outflow of currency at international level. The preliminary

necessary condition to enable this system is dematerialization of currencies and each and every

transaction has to take place digitally which is possible even with the existing technologies. What we

need is to just make one time investment towards development of necessary infrastructure and

plenary implementation of this kind of transactions.

Whereas, there are few very highly desirable conditions, which are mentioned below, to be brought

into practice-

1. It is to make mandatory for each citizen of nation to have a universal account associated

with him. All transactions, possessions (both movable and immovable assets, belongings and

properties), held Digital Money, loans, income, expenses, purchases, sales etc has to be

associated with that UAN (Universal Account Number). There has to be only one universal

account to be held by each citizen.

2. There has to be at least two types of accounts- Individual and organizational accounts. The

transaction between two individual accounts has to be prohibited until those individuals are

members of family.

3. There cannot be payment from organizational account to individual account until the

individual is the employee of or investor in that organization.

Now let us see that what are those required provisions, how does this system work and what are the

base components and formulas that governs the function of this system-

1. At a time the number of total running digits in an economy should be constant until there

is inflow or outflow of currencies at international level, introduction of currency in market

by government itself.

(Formula no. 1)

Main constant line + Introduction/withdrawal of currency/coin by government + inflow + outflow =

total currency running into economy

The flaw in total currency will automatically stop that transaction. The flaw in number can be

detected by software and automatically stop it.

Impact- It is well known that fake currency sporadically damages the economy of several nations.

Introduction of digital money will eliminate this kind of damages. Additionally, the totality of

currencies as a whole in economy will introduce integration in system. Resultantly, the manipulation

and plethora of corrupt activities can be disabled. Actually, transactions of digital money will be

traceable on system and have to be controlled by software on the basis of arithmetical functions.

Addition of digital currency in any account is possible only with subtraction from some other

account.

2. Any cashable properties like buildings, cars is to be recorded in individual’s properties list

and which should be used in asset-cash conversion constant bracket while selling and

buying a new one. Main constant line bracket contains cash and commodities. This bracket

should be constant and cannot be changed at all. This will be programmed in software

installed at central processing system. Each citizen can have the accountable possessions

including the money in the foreign countries. Commodities and cashes owned by

individual will constitute the total possession of that individual. The possessions of an

individual have to be constant if we overlook the variables, loss, loans and

appreciation/depreciation. More factors which affect the total possession can be included

in this formula. Appreciation and depreciation depends on various factors like- supply,

demand, inflation etc. But a parameter of maximum and minimum limit like 5 % or 10 %

appreciation or depreciation per annum has to be set. Too much more or less than a

prescribed limit of appreciation and depreciation will alert the whole country and that will

call for investigation. So the people always will refer the previous transaction value,

calculate the number of years and add the compounded rate of appreciation or

depreciation for total number of years to find out the present value. Since the

appreciation or depreciation is affected by market forces. So anything which is sold have

to be auctioned on-line and bidding has to be done on-line by different aspirants for

buying and it has to be easily traceable by all citizens.

(Formula no. 2)

Main constant line[Cash+commodities (Base value)] + Variable[(income-expenses)-(purchases-Sales)]

+ Appreciation/-Depreciation-Loss- Loans/+investment = Total possessions

Variables can change but the data for all components (Income, payment, purchase, sales) of

variables has to be derived from system itself which has to be integrated to formula. Appreciation

and depreciation will be affected only in case of sales and cash-commodities conversion. Losing of

any possession whether destroyed, stolen or damage will be put up against loss column. Loss of

possessions will require intimation to and confirmation from concerned authority and will be stuck-

out of possession resulting in reduction in total possessions. There shouldn’t be permission for loss

in ideal condition. It calls for thorough and transparent investigation. MCL will never change.

(Purchase-sale) bracket will change only in the case of secondary sales. In case the individual want to

resale the items purchased by himself to the secondary sales department of India which requires the

proof of sales. This will stop the theft activities as the stolen item cannot be sold or traded. It cannot

be used by thieves themselves as each item should have corresponding purchase-proof and digital

record available in the system itself. Stolen items can be easily tracked. The records of variables are

already there in the system. The data related to income, payment, purchases and secondary sales

can be derived from the system itself because whole monetary flow is in digital record and

integrated to above mentioned formula. Loans should never be allowed to go below as equal to total

amount of MCL. Loans’ details have to be uploaded in account of the individual and integrated with

the system.

Integrity of the system- The cumulative addition of digital money held by each organizations and

every individuals must be equal to total currencies running in economy and integrated with formula

1. The data of total running currencies in economy taken from formula 2 & 3 (cash, variables, loans

or investment and appreciation) must be equal to the same mentioned in formula 1. Whereas, total

number of commodities and properties recorded in the formula 2 & 3 as a whole should be equal to

total properties and commodities active in trading record excluding the loss. Whereas, the same

does not hold good for eatables and all other stuffs which are once consumed and lost thereafter

like ointment, creams, etc. Anything shown in loss should be struck out of record instantaneously.

The formula for integrity holds good for instantaneous point of time. Total number/amount of

manufacturing/production in factories and resourcing points should be exactly equal to amounts

held by distributors, retailers and total number of purchases by end customer excluding the

unavoidable loss. There should be a prescription for inlet to outlet ratios at the factories or

processing centres. In other words, certain amount of required raw materials should lead to a

definite amount of production if the variable loss in the production is excluded. The loss may vary

but under a certain limit and requires the proof. For example, 1 kg of wheat of wheat normally leads

to the production of 100 units of bread. Accordingly, 50 kg of wheat has to produce 5000 units of

bread. The variation is allowed to a very a small extent.

There has to be integrated system to have surveillance over the unit sales. Total number of units

sold from producer should be equal to total purchases from the consumers at different retail points.

In addition to this, the total sales price for very first producer (total payment received from total

distributors and retailers) should be divided by total number of unit outlets to find out the factory

sales price per unit. So at the retailers end, calculation of profit will be from profit per unit and then

total number of units can be multiplied from profit per unit. This is the best way to avoid the barter

system and show the artificial loss through selling more units than actually shown.

Any breach of integrity would result in automatic abortion of transaction. The transaction point will

be immediately probed and fault may be detected.

Impact- As we know that the possessions of each individual is in record. One must possess

everything shown in one’s account and one must not have anything that is not shown in one’s

account. This feature of system eliminates several mal-practices like bribery, favouritism, theft,

robbery etc. No any transaction of digits has to be made possible without the exchange of product

or services. No one can have any illegal source of income. Programmed automation in surveillance of

all particulars related to each transaction eliminates any illegal sources of income. No any kind of

tempering is possible even if the government want to do it. This system will enforce the golden

principle of economy that one can earn through only hard works and substantive contributions and

not by manipulations and corruptions. This feature is pre-requisite for and first step towards a

utopian state.

Loaning- loans can be taken from any registered financial institutions which should send money in

beneficiary’s accounts with reference to “Loan” with all the details and particulars like- term, rate of

interest, collateral security (if any), reason etc. Though loans will run in individuals yet total

possession should remain insulated from loans as it is due to be returned and should be kept being

updated periodically with compounded rate of interest automatically by the system. As soon as it

reaches to mutually agreed estimated value of collateral security or in case there is failure in

payment of EMI, the collateral security can be confiscated by the financial institutions. Loans will

have to be shown in the given formula with (-) symbol as it is being utilized by consumer but it is not

the part of possession. Actually it is a liability or something that is due to be paid. The same column

should be displayed with (+) symbol, if the individual is depositing in the financial institution or

investing somewhere.

Impact- It is easy to figure out the proportion of cash which is in possession of borrower. As there

will be separate accounting and display column for loans and other kind of borrowings. In the same

way, any kind of investment is also visible on-line. Misuse of loans, inability to repay, playing default,

money-laundering etc can be put to an end.

Movement of funds from top to bottom—

Funds released from various authorities can be easily accounted as all these funds have to be paid to

concerned agencies and organization for the purpose of buying their services and products. These

agencies or organizations cannot be given the undue advantage like paying more and receiving less

or inferior service or product. The feature like profit percentage and salary to cost ratio limit for

various categories of business and services will disable manipulation of funds. Another advantage is

that the inability to take bribe will automatically disable the siphoning of fund by executing officials

and intermediaries. Additionally, accounting of possessions at individual and organizational level will

also scupper any chance of manipulation.

Impact- It will put the government as well as public on a virtual vertex to oversee the funds and tax

utilization precision and appropriateness.

Monetary flow from top to bottom in a circle-

It is true that total number of currencies running in whole economy is constant at a time. Ideally, the

flow of currencies makes a full circle. The flow of money moves in opposite direction of flow

of product and services. One, who buys the products/services, pays money in turn to seller.

Ideally the volume of money keeps increasing from resourcing points to end user. Whereas,

the material remain same or even lapsed. This difference in volumes of money at resourcing

point and end-users are appropriated by the various stages of supply chain in turn of labour,

processing, communicating, delivering and various other activities. This volume of money is

known as profit. These profits are used for reinvestment, working capital and incurring the

expenses of owner. Thus we can say that money as well as product and services are

accountable and interrelated. We can track and preclude any unwanted transaction and

make the corruption impossible and an old-fashioned aspect of economy.

Utility- This system can play a vital role in establishing social justice and equal distribution of

resources. We can monitor the flow of money and observe that who is losing and who is

gaining in the economic process. This will help in identifying the prospective weaker and

stronger community. If the flow of money is unilinear, it can cause the polarization of funds

in few hands. The government can appreciate this phenomenon well in advance and make

provisions in annual budget to nullify the effect and take steps to nip the problem in bud.

Thus government can re-instate the equilibrium and equality to maximum extent. It can be

done through introduction of better trickling-down of money and compensatory provisions.

Additionally, the monetary condition and spending limit of an individual can be easily pin-

pointed through this system. The money can be directly transferred into the accounts of

most needy people. This is a better alternative for concept of “below poverty line”.

According to Einstein, the most important job in the world is to provide equal opportunity

before everyone for development.

Terminal Resourcing point- The connotation of resourcing point here is the first most point of

resourcing chain where the product is extracted from the nature. For example, cultivation of

agrarian products, extraction of raw materials, fruits and flower plucking etc. These points are very

important because these extractors may be individuals as well as organizations. Accounting of

individual accounts is a bit different from organizational accounts.

The trading of these extracted stuffs cannot be traded individually. Rather, these stuffs have to be

sold to an organization which is acting as supplier of products. This feature complies with the fact

individual cannot do trading at individual level. This is concerned with agrarian producers because

mostly they operate on individual basis. This feature helps preventing illegal trafficking. Illicit drugs

trading and peddling can be completely put to an end. Profit percentage limit and disabling the

provisions of individualistic trading will prevent illicit trading. Anyone indulge in illicit trading

because they receive incredible amount of return with very less or negligible amount of investment.

Proscription of trading at individual level entails organizations will purchase the products from

individuals. Subsequently, it will reach to end customers through a channel. In other words,

organizations cannot sell without proof of purchase and they can receive only a certain percentage

of profit on the purchase.

Utility- Trading of any illicit product is impossible. There have to be record of everything that is in

trade. Terminal resourcing points will be the points where everything that is produced or extracted

from the nature is placed in record. As we know that payment cannot be made against purchase of

anything that is not in record of terminal resourcing points. Additionally, putting a restriction of limit

to profit percentage at each point of supply-chain including the resourcing point will extricate

various issues like black-marketing, hoarding of resources, speculation based illicit profit-making,

iniquitous profiteering. Whereas, tax-evasion will become impossible as profit earning at each points

including the resourcing points comes into accounting.

Segregation of individual and organizational accounts- There may be more than one owner for an

organization. In any case, the organizational account cannot be individual account. Actually, owner’s

personal account and his/her organization’s account cannot be the same. The underlying reason is

that any item in company’s inventory or purchased for use in organization cannot be used for

personal use. Items mentioned in company’s inventory cannot be found in owners’ or anyone else’s

premises. If any item is found out of company’s premises, the company will be liable for prosecution.

For example someone bought potatoes for industrial use and shown the expenses in company’s

account but use it for domestic purpose. This kind of acts should be counted as severe offence

because this is part of corruption. This aspect will have a severe implication for the effectiveness of

profit to cost percentage limits’ provision. As the owners can buy the things for personal use and

show that in company’s expenses.

Checking system-

Organizational accounts-------

(Formula no. 3)

Main constant line [Cash+commodities (Base value)] + Variable[(income-expense)-(purchases-Sales)]

+ Appreciation/Depreciation-Loss + [repayments/investment-loans + (-) interest] = Total possessions

Or

Main constant line [Cash+commodities (Base value)] + Variable[(income-expense)-(purchases-Sales)]

+ Appreciation/Depreciation-Loans = Total possessions

Variables - loans/dues +repayment/disbursement (+)-interest=total profit

Note- Cash here stands for Digital Money held in any individual’s/organization’s universal Account.

Above formula is universally applicable for all kinds of organizations including financial institutions.

Total income will include all inflow of money except the loans and commodities due to be paid. Total

expenses will include all kinds of outflow of money except the repayment of loans or dues. Interest

can be both positive and negative. For example, money disbursed by banks as interest will be

positive and same will be negative if the money has been deposited in the bank. Loans and dues will

include the money borrowed from investors, banks, financial institutions and various other sources.

Repayment includes return to above mentioned sources.

Any erroneous or unlawful transaction will be displayed with some particular marks like colours,

arrow etc. Both inflow and outflow of money will be displayed with arrows showing in opposite

direction. The details of these marks and indication will have to be disclosed automatically without

anybody’s control and no one can prevent coming in limelight and amidst mass.

Impact- The above provisions including the formula, will induce transparency. The software will

automatically pick-up the data for all components from transaction records and displays that in

formula. In other words this formula is managed by a software and machine. Any human

interference and manipulation becomes impossible. This is also valid because all the transaction data

details are integrated by this system. Violation of programming or tempering with data at one point

results into discrepancy at other formula. For example, if someone tempers with the transaction

amount, the number of total running digits at a time in economy as a whole will automatically start

showing error. The fiddling with data can straightway be investigated and can be cancelled. Each

data is interrelated and manipulation at one point will show incompatibility with other factors and

formulas. In short, we can say that this system is controlled by machine and even the government

cannot make in change in programming without passing legislation.

The system will be source of every kind of data related to transaction. The data can be used to trace

who is buying too more than the average requirements. Too much more than the average purchases

should show in any particular colour and should keep coming in the tune of “find next” and while

making a list. These lists can be used for thorough investigation of those individuals’ possessions.

Another technology can be used for checking these individuals’ possessions. This has to be

complemented by the fact that no one can possess something that is not purchased by them.

Additionally, anything purchased have to be in custody of owner always except when it is reported

to be lost to the concerned authority.

Impact- The system will be helpful in stopping bribery, favouritism loss and theft prevention, as well

as hoardings of commodities. Any kind of manipulation will be thwarted.

The profit percentage has to fluctuate between 1% to 10% for a company subject to nature and

trend of business and subject to on-line and off-line appraisal by authorities. If we don’t fix the profit

percentage for certain business, the business firm can sell some illegal product and show the

received amount as profit. For example, a goldsmith can buy the stolen jewellery sell it and include

the sold amount in profit. Some business may sell the illicit drugs, thus make a lot of bucks and show

them in profit. Prepare a specification list for the type of business and profit limit.

Impact- A complete curb on illicit trading and over-profiteering. The mouldable products like,

jewelleries, metals etc or any product which is measured in amount (not with numbers) can be

protected from over-profiteering.

Profit percentage limit and no loss policy is necessary to avoid terrorism, favouritism, bribery,

cartelization, speculation, extortion, black-marketing. Limit on profit percentage will disable the

black-marketing, speculation based marketing, iniquitous profiteering etc. No any business can run

in loss. It is based on the concept that predominant reason of executing any business is profit-

making. But if any business is incurring the loss and still not being shut down calls for investigation.

This kind of business may have nasty implications. There is probability that profit is being spent on

unwanted purposes and is displayed in expense of running the business. The organization running in

the loss may be using their profits in funding the terrorism, bribery and extortion. For example fund

the terrorists and goons who will be projected as employee of that company.

Impact- This is the most important application of this system. All forms of corruption- favouritism,

bribery, cartelization, speculation, cartelization, black-marketing and several others will be put to an

end. It is well known that no any task can be executed without funds. Restriction on profit limit will

eliminate excess of profit-making. This excessive profit can be used indirectly for executing

something nasty. Terroristic and any other anti-government or anti-social activities can be financed

for some dissembled motives. Additionally, the products can be sold to few people on a throw way

price for doing an unwanted favour. But in that case the seller will bear the loss. We can say that

running the business without profit can be inspired by wrong intentions.

Non- profit organizations should be severely under surveillance. They should not misuse their funds

or siphon it for their own use.

Auction system- Lowest and highest value of any commodity has to be determined after taking cue

from market condition and then it has to be auctioned on-line. If the bidder is not going above the

lower limit the thing goes to highest bidder straight way. If a lot of bidder has gone up to the

maximum limit that has to be sold via lottery system. This will preclude the manipulations of

auction-system.

Utility- This will control the bribery and favouritism.

Loss A/C- All the movable and some of immovable properties have a life period. Once the life period

is over means that possession is lost then it has to be put into separate loss a/c. But the loss has to

be reported to a special department and will be compensated by putting into loss. So nobody can

possess anything that has no proof for purchase or has not been gifted by somebody with record. So

it is also the responsibility of recipient to collect the gift from shop by showing the receipt which

contains gift with payment detail cross-checked by recipient.

Utility- The accounting of possessions at individual, national and international level can be made

precise. It will also be helpful in controlling bribery, favouritism, dowry system etc.

All employees on salary, should have the profile and previous payments and academic records

available in system. It should be cross-checked whether they get the right payment and not paid for

doing something wrong. Anything extraordinary like sudden fluctuation in payment, profile to

payment incompatibility etc has to be scrutinized.

Utility- Though unlimited advantages can be achieved through this feature, yet some of these has

been encapsulated in following. Employers cannot exploit their employees or pay them in excess for

doing something wrong. Sometimes employers may pay more than the employees actually deserve

for purpose of increasing the cost price. Increase in cost price of the products will result in increased

profit volume because higher the cost price, higher the volume. Even the cartelization for the

purpose of enhancing the payment of employees and thus increasing the production cost can be

aborted. Additionally, this provision will curb on terrorism and other misdeed.

In services and corporate sector where the salaries know no bounds, has to affix the contributions

and performances of employee with the payment digitally. The same contributions and payment of

individual has to be matched with whole work and payment aggregate by company.

Utility- Integration of the company’s payment system and complete accounting of payments and

expenses of company. Terrorism and other anti-social, anti-national activities can be controlled.

Individual accounts vis-a-vis payment and expenses- The terminal point of agency or corporation

payment network will be the collection of individual. One individual has to be connected to several

retailers or service providers. They all have to be connected to an individual through a thread which

will symbolize the transaction. It may be a challenge to show all these threads of connection in

tracing system. Like once put on the individual O symbol, all the connected retailers or service

providers’ threads will become red or different from the rest and a small box showing different

characteristics like- source of income, profile, payment growth rate etc all the relevant information

related to individual. Whereas, the threads of individual’s income has to be displayed with green

colour. In short, different colours should be used in displaying the incomes and expenses. These

symbolic colours have to invoke as soon as the cursor is placed on symbol of individual.

Awards for honest and smart people- Anybody intimating or pointing out any discrepancy in system

will be highly awarded. Actually in internal management, one will receive a considerable portion of

levied fine. In off-line surveillance a lot of government officials including the defence forces work in

this line through a special secret system of inspection assignment. Once the job is done, comes back

to normal duty and receive the rewards if caught something but honestly. A proper mechanism that

inspector cannot do the dishonest move.

Utility- It can foster transparency because nominated inspectors are unknown. Unknown inspector

does not know that whose possessions are going to be inspected.

1. Work done, profile and payment fusion point- These are effective especially in services

and corporate because there is no any definite pay structure in these sectors. In

government sector, the pays and responsibilities are highly defined. It can be a good idea

to subject these definitions to corporate sector as well. Alternatively, a technology that

can automatically indicate if there is any discrepancy or disintegration in payment Vs.

Profile, work done, previous payments, academic records etc can be developed. Any extra

or extra-ordinary work done can be reason for excess of payment.

2. In services, the company, while paying to an employee, have to mention the paid amount

along with why has normal payment been made as per the nature of job he is performing

(which has to be almost same for all major companies – 0-10 % deviation. Alternatively fix

the salary or package for equivalent positions and then give the incentives in form of

commission commensurate with proof of performance and any additional or out of turn

payment if employee deserves). But company has to mention it boldly. Still the service

sector has to be under severe surveillance of watchdog and make sure that they don’t

exercise the favouritism, overpayment etc to execute illicit activities. Actually service

sector are paid for their services not for selling the product. So most of their revenues

should be spent on paying to their employees. Whereas, in case of production most of the

revenues goes in re-investment and managing the working capital.

Utility- Any overpayment to employees may be made for doing illegitimate favour. Terroristic or any

other anti-national and unethical activities can be highly restricted. Employers may also pay in

excess with a view to increasing the production cost deliberately. Actually, increase in production

cost increases the profit amount because this amount is the percentage of production cost.

Knowledge-workers and labours- Knowledge—workers can be self-employee. Still they cannot

receive their payments from individuals directly. Rather they have to receive it from organizations

only. The chance of over profiteering can be scuppered as the ratio of total salary to total payments

made for dealing with other expenses has to be fixed.

Sale/purchase ratio in services should be higher than that of the industries. Same is opposite in case

of sale/purchase ratio should be lower for industries than services.

40:60:20 (is the recommended ratio of expenses: salaries: profit for service sector)

80:20:20 (for industries and productions)

Above mentioned ratio is not necessary to be practised strictly. There can be variation of 10 % in

those ratios. This ratio explains that approximately 60 % spending of money should go on labour cost

in services. Profit percentage can be maximum at 20 %. This is subject to the discretion of incumbent

government of the nation.

Claims- The claims can be a ploy to planned money-laundering or other illicit act. Some organizations

or individual may transfer money in account of some organization or individual for purpose of

unlawful purpose or malpractice. Individual to individual transaction should still be strictly

prohibited even if it is a claim transaction. In case of divorce, the claim can be disbursed only if the

divorcee is unemployed and not able to bear expenses. More ever it should not be more than the

minimum national wage. Other kind of claims can be disbursed after appraising the estimated loss

and the loss should be confirmed from the loss department.

Utility- Above mentioned provision is necessary to keep a tab on money-laundering, illicit findings,

favouritism, bribery, etc. Unlawful transactions can be made in veil of false claims.

Asset-cash conversion- The secondary sales department have to check previous transaction record

of asset along with the particulars and ID of seller(owner) and digits have to be sent back to seller’s

account in case resale. Appreciation and depreciation factor has to be included on percentage

deduction/addition basis.

Utility- The trading of stolen objects can be aborted completely. The owner will get the right resale

value.

1. The system should be accessible, simple to use and easy to analyze. So that any literate

citizen can use and track any information (extreme transparency as in utopian state should

be enabled).

2. Under the tax utilization system, can easily track the movement of digits from the fund

release point to execution point.

Utility- It is a very effective feature of system to establish the ultimate transparency.

3. There have to be less fluctuation in total number of employees paid directly by the

company. Otherwise, it should be subject to red indication- probe. Temporary increased

manpower demand has to be filled by the employment agencies or labour supplying

agencies.

Utility- it can cause a lot of fake payment. This kind of payment can be made for purpose of illicit

financing.

Prevent the barter system- It is desirable to prevent the barter system to preclude tax-evasion.

The best way to prevent the barter system is to keep accounting of total unit produced and sold

via different retailers and then matching it. Then it is necessary to ensure that there is no any fake

number of units being shown at the production point.

All the services company should be consistently checked whether they are really working on their

profile or they are doing something else behind the curtain of fake profile submission of their

employees. Some organizations can pay to employees for doing something else other than

mentioned profiles. They might pay for doing something wrong.

Utilities- The government can curb on anti-national and unethical activities.

Reporting System- There should be a proper report system. If someone says that he has to report

something wrong. It has to come in notice of every one including the citizens of that country and

media. So that neither the system nor the reporter can backtrack. The system should randomly

select a product or service to be checked and route to any citizen of India. The citizen will randomly

select a product or service to be checked and route to any citizen of India. The citizen will check the

product/services and claim the money after disclosure of truth. Severe punishment will be rewarded

to culprits if any discrepancy is found.

Utility- It will be useful to eliminate bribery and favouritism off-line. It will also boost the

transparency at national scenario.

Conditions to be put before the country’s head/international and global authorities- First find out

the contact details and all the possible ways to contact different authorities of different nations

1. Disseminate it among the common mass of whole world and specially among the media and

public of developing and underdeveloped countries like- India, Bangladesh, Pakistan srilanka,

china etc.

2. We need the letter from prime minister’s office stating that they are ready to work on our

proposal with terms & conditions mentioned in it.

3. We will not disclose that how we are going to do that but we need the best required man

power and other resources.

4. We shall ensure about what rights of the citizens cannot be infringed and which can be

before getting on the job. Additionally, to what extent they can be interrupted or or their

privacy can be violated

5. We shall have the international patent but the 50% of the sales profit percentage has to go

to government.

6. Write a book on this system and record the video interview with the head of the country or

the dealing organization and broadcast it.

7. The investment and technologists will be provided by the other party. The patent of

developed technology or credit of any creative stuff which cannot be patented or cannot be

taken the copyright will go to company the company will in turn will give the marketing and

selling right and profit will be shared between government/ promoting and marketing body

and company. The share of profit will be negotiated between these two bodies.

foreign deals

It would be mandatory for foreign companies to prepare report and seek permission before making

any kind of transaction with India. Both indigenous and foreign companies will have to agree with

terms and conditions related to disclosure of internal accounting of companies. Records of various

details like manufacturing cost, development cost and all associated cost of products or services

being delivered to India (or any other country which is using the mentioned technological system)

has to maintained an disclosed.

Any money going to foreign country or company cannot go directly. Rather, the money

going to foreign will have to be approved and shown the amount and purpose which will

be verified by different authorities. Still, the public and freelancers can raise the voice if

they have a better deal than that. The purpose is no any authority or officer should be

able to do a favour for profit so that those foreign companies can give them unwanted

advantage or pay in their foreign bank like swistcz bank.

3. Foreign wealth have to be taken into account and all the foreign deals have to shown to

special government department prior to the transaction and get the approval and

transaction will be monitored and matched with appropriate cost. Even each citizen and

freelancers should be able to check for appropriateness.

Utility- Effective in preventing corruption in Foreign Deals and black-money generation at

international level.

Defence logistics siphoning- Defence personnel and all other people performing confidential jobs,

will have the account which will not disclose their identity on system. All the stuffs including

entitlements and payments which are provided to personnel should go to their accounts directly.

They will buy the things on their own except the eatables. Fuels for cooking can be given through

defence. The defence personnel will pay to the mess if they are satisfied with the quality of food and

they feel that they are getting the right value. The clothes they can buy on their own. Another model

may be that defence forces make everything available to their personnels and raise the collective bill

amount spent which in turn will cross checked by all the concerned personnel from system. The

collective amount will be equally distributed among all the employees after deducting their

absenteeism. The mess have to be the private agency which can be taken over by the defence

authorities immediately in case of war. In the case personnels are not satisfied with what they are

getting for that cost they can inform the vigilance commission or CBI or intelligence agency or

newspaper anonymously and can give the details of the amount they are actually getting and what

are being shown in the system. Another better system may be that the members own the mess

except the building.

Only the basic food like rice, chapattis should come in mess. Rest of the things like- vegetables,

nutrients, pulses etc has to be bought by the individual themselves.

Best option seems to be is buy all the things related to the service requirements in accordance with

the entitlement and pay the amount. The entitlement amount has to be cross-checked by looking at

the transaction details on the system and that entitlement amount cannot be spent anywhere else.

Because that can result in court martial.

Mid-day meal scheme- maximum presence of students, right person recipient- money will keep on

going to the parents A/C as long as presence is on every day. Presence is ensured by inspectors,

signature of parents and thumbs of children. The teachers have to inform about the absence

otherwise it has to result into suspension

Use of unemployed- There have to be special force, existing forces, any citizen and most importantly

the unemployed people can be used on freelance basis for finding the irregularity on-line(system) as

well as offline (finding the bribery like catch somebody’s purchase for somebody else without

mentioning the item as gift and specifying the unique citizenship number of the recipient). A very

heavy amount has to be paid along with legal action as punishment to both giver and taker. The one

catches will get the reward as 50 percent of total amount acquired in that way. But it has to be

proved by whistle blower with proof like non-availability of receipt etc or on somebody else’s UA

(Universal Account Number).

Receipt misuse- the receipt have to be retained as long as the bought thing is existing in your

possession. The receipt should have the detail of the parson holding that which should be verified. In

case police did not find that will give you warning and will be entitled to check your home or office

etc for next 2 years without any warrant. This will be like a punishment as well. Receipt has to be

produced in 2 copies and save the transaction ID somewhere. In case of theft of receipt the data can

be retrieved by paying a specified amount.

Education expenses- All the existing students or studious person should have a unique reference

number which should tell all the necessary information like name of school date of birth year,

parents and their unique citizenship number. The expense for education should come from the same

unique citizenship number. Money cannot be transferred to children’s or dependant’s A/C. They can

buy the stuffs stating the reference dependant expense.

Marketing and other promotional activity- It is desirable that that limit for the amount to be spent

by companies for promotional activities must be determined on the percentage basis. It’s maximum

limit has to decided by stipulated by 10%. As these expenses are shifted towards the common mass.

Potentially it is the source of money laundering (by giving it to the film stars, cricketers, IPL, shows

etc), black-money generation (can pay a lot of money in favour or with some mutual agreement and

shift the expenses to common mass), unequal distributions etc.

Application-

National wealth management system, individual and holistic monetary accounting system, an

automatic and transparent implementation of policies, a quick detection and response to

discrepancy, failure or fraudulence, decision-making (as we can process the data and study the

feature that is a menace to common mass), citizens complete record system (demographic report,

Aadhar card, job profile extensive CV, all the relevant information related to the individual).

Short comings, challenges and expected objections-

Infrastructure- A dedicated department to facilitate the complete transaction (even the smallest

one)/ a portable transaction machine with smart card in it to store all the transactions between two

cards electronically. Like calculator. The cards will contain the electronic digits which can be filled up

by the banks only and can be deleted by banks only the people who know the codes. All the records

of the receiving and paying cards and transaction amount along with transaction time and codes will

be saved. Only the technologist can know about its viability. The smart card will be retained by the

receiving guy and that guy will take it to the bank or ATM machine to update about the transaction

when ever required to realize the transaction. But these records should not be liable to be tempered

by any smartest technologist or decoder at all neither in the cards nor the transaction machine.

Or nodal office at each covering location to pay by cash card and officer will issue a special invoice

with bar code, QR code, logo like plane ticket etc which can be produced by nodal officer only and

cannot be copied by anybody else. The receipt will be given to shops and stuffs can be bought. The

receipt will be retained by shopkeeper to claim the money from nodal office. Nodal office will

transfer the money to shopkeeper’s A/C and will issue him the payment receipt.

This central payment system should be privatised for best service and functioning and should be

owned by your own company.

Or there can be a complete change in supply chain system as you thought to start as company. Only

one shop in whole district and rest of the people are employees only. Another advantage from it is

that it will cause more trickling-down and equal distribution.

Technological viability- A big data bank to run store or save and deliver the data and nobody can

delete or amend the data and the data bank can store the whole nation’s data. The main challenge is

whether such a big database can be maintained for 150 years.

Conditions-

Inter family transactions-

An individual can pay for only basic expenses like- food, clothes, education of his dependants’ wife,

parents, son/daughter, adopted son/daughter etc. If they adopt some one, this status has to

maintain throughout the life like they will get the same portion of property after their death etc. If

they want to make a donation to help the poor, disable or needy person they have to give donation

to a well-established government organization and direct it to the desired area like hunger,

education, child care and orphanage. But the individual cannot pay anything that is not the basic.

Like they cannot pay jewellery, cars or any other luxurious items (make a list) - a resistance specially

against dowry system, a measure to vest the parents means to control their dependants for

accountable and upright expenses, accountability for presence of stuffs in their possessions and the

respective digital receipts against them, no possession of unauthorised stuffs by dependants as the

individual is accountable for everything their dependants have. To stop unwanted spending by

dependants and under guidance of guardian. Anything more than the basic necessities are

considered as dowry and should be clearly highlighted by system.

Explanation of Pictures and diagrammes

:- Diagram 5 represents the set of total UANs (Universal Account Numbers) running in a national

economy. In other words, it comprises total number of digital money in an economy. This diagram is

not the precise display for set of total Digital Money. Since we cannot display the total number of

UANs, I have displayed only few. Assuming that there are only 24 UANs or citizens in a nation, It has

been shown that how total amount of digital money in economy can be put in surveillance. IO stands

for Inflow and Outflow of Digital Money.

Total = MCL (main constant line of DM) + IO

IO= Inflow of currency + Outflow of currency + Introduction/Withdrawal of currencies by

government.

This diagram reveals the information related to Formula 1

Main constant line + Introduction/withdrawal of currency/coin by government + inflow + outflow =

total currency running into economy

:- Each UAN (Universal Account Number)will have unique corresponding biometric records. Each

Individual account number (UAN) is represented by A followed by 11 digits. In the same way, each

organizational UAN is represented by AO. For example, AO03190738712. In all the diagrams UANs

are shown as Axxxxxxxxxxx/AOxxxxxxxxxxx. The x represents here any digit out of 0, 1,2,3,4,5,6,7,8,9.

:- (Diagram 1)- This diagram represents various components related to a UAN. All these components

shown in the picture contains various pieces of information and are integrated to one-another. All

the components like – Biometric records, possessions transaction details etc are associated with

UAN as well as other components shown in the picture.

:- Diagram for flow of products- This is the representation of a very simple supply chain in which

products move from various resourcing points R1, R2, R3, R4……………….through various

suppliers/middlemen S1,S2, S3…………….. to factory (F) and then forwarded to distributors D1, D2,

D3…………..and then to various retailers like RL1, RL2, RL3………………

The digital money move in opposite direction to movement of products from end-users through

retailers and keeps shrinking at each stage of supply chain. In other words, the price of products

keeps increasing at each stage from resourcing point through to end-users. Diagram 1.1 represents

the difference in price towards flow of products from one supply chain to another. We can observe

that circle CH1 is smaller than CH2. This difference in size is just to refer that there have to be ideally

a definite percentage increase at each stage of supply chain. This range can be determined by the

incumbent government and is very important to have control over several mal-practices and

corruptions.

:- (Diagram 6.1)- UAN of an organization will have to be associated with biometric records of owner

or Managing Director of an organization. All the components of will be followed by 0. For example,

A0

:- (Diagram 6.1)- Placing the cursor on + mark will represent all kind of income(inflow of money). It is

shown with outgoing arrow mark. In case of an individual, it can be very few in number like- 1, 2, or

3. The income of an employer can come only from employer(s) or investment or sale. The – mark

represents expenses (outflow of money from an account).

:- (Diagram 6.0)- This diagram is pictorial representation of how the details of transactions (inflow

and outflow of digital money), of all UANs who are in transaction with one-another, are invoked

when any sought UAN is clicked on transaction details shown in diagram 1. The direction of flow of

money is shown by the direction of arrow mark. The recipients of digital money are normally the

selling organizations. RL represents retailers and SP is the short form for service providers. Whereas,

DM stands for Digital Money. This diagram represents a model of how the transaction from one to

another account is displayed and how all the UANs are interrelated and integrated. The square in the

middle represents a model UAN and shows the total amount of digital money held in that sought

UAN. Each circle represents UAN (Axxxxxxxxxxx/Aoxxxxxxxxxxx)in transaction with sought clicked

and contains the transacted amounts, type of organization (retailer, service provider or member of

family etc). Likewise, if any transactions detail part of UAN is clicked.

The detail will include receipts, amount, recipients or donor organizations, reason, type of

transaction and many other pieces of information that can be considered good for any usage or

application. Putting of the cursor on + will highlight all the threads of connection in a particular color

which will have the contrast with the color represented when the cursor is placed on it. Family

clouds will be shown by FL in a circle. Both inflow and outflow of money is allowed in this circle.

Ideally it should include only parent, sons and daughters (only before the marriage. Before they are

married, the money has to be transferred back to the account which has this money been previously

transferred from). This system will eliminate any chance of dowry. However, the decision whether

who will come under the bracket of family cloud is completely onto the government of that nation.

Different regimes can determine it according to their social, legal, cultural, criminal compatibility and

usage/results/ application requirements.

:- Placing the cursor on UAN will automatically invoke all the pieces of information like A, B, C, D, E,

F…………… and these pieces will be integrated to one-another.

Diagram (6.2) – An Individual can pay to an organization.

Diagram (6.4) - An organization cannot pay to an individual unless he/she is an employee of that

organization.

Diagram (6.3) – Transaction of money allowed back and forth between two organizations.

Diagram (6.5) – Transaction among individual UAN is not allowed unless they are in family cloud.

The transactions in diagram (6.4) and (6.5) has to be disabled by software excluding the exceptional

circumstances like individuals in same family cloud or is investor in that particular organization.

This is a very simple representation of chain. Factory is an organizational UAN. The direction of flow

of products will have to be opposite to flow of money. At each stage of supply-chain, the size of

money will keep decreasing from right to left whereas, the quantity/number of products will remain

same. At each chain, there will be increment due to profit percentage.

S1 = (R1 + R2 + R3 ………) + a defined percentage of (R1 + R2 + R3……….)

Likewise, same can be extracted for S2, S3, S4, ………….

F = (S1 +S2 + S3 ………….) + a defined percentage of F and overhead cost.

:- The defined percentage is nothing but profit or income after total cost and over head costs

involved. Actually, it includes all costs apart from previous supply chain or this does not include

these costs both are effective.

:- It is easy to find out that who is the end-customer of product of factory by using the thread of

payment. It reaches from end-customer to factory via RL, D and various other supply chain.

:- F point will be subject to defined ratio of material : Labour Cost : Profit so that there is no loss or

manipulation of material involved. All kind of expenses are towards left of F and all kind of incomes

are towards right of F. There are expenses like labor cost, machinery cost, man and material cost and

other associated costs which will be traced by payment to organization and individual A/C (salary

employees).

DM - Digital Money-Diagram

:- DM is set of all digital Money held by all UANs of a nation.

DM = UAN1 + UAN2 + UAN3 + …………+ UANO1 + UANO2 + UANO3 ……………..= Total number of

running digital currencies in a nation = Constant + inflow – outflow +Introduction of new currencies.

The amount of Digital Money from each UAN can be automatically derived and fed at every

transaction. Any discrepancy is not possible as the number of total Digital Money is constant,

amounts in each UAN is derived from the system and inflow, outflow and introduction of new

currencies is well accounted and cannot be manipulated.

IO = Inflow and outflow of Digital Money at the international level.

All the inflow and outflow of DM has to take place through a particular window IO and should be

highly scrutinized. The government and FDI can inject DM. FDI Digital Money injection will have

severe accounting and transaction surveillance.

We can have information related to DM held in any UAN just by placing the cursor on UAN sign (a

circle or square).

:- Each UAN or UANO will contain the total amount of Digital Money held by them and display them.

:- In other words, any organization or individual can receive the DM, only if some other organization

or individual transfers it(refer diagram 6.0).

(Refer diagram 1 and 6.0)- The transfer of DM is not possible without taking or receiving some

product or service. Right from resourcing point through all channels to factories/processing point

and from factories/processing points all the channels through to end-customers. The inlet and outlet

of product has to be equal excluding some unavoidable losses. In services also, the money is to be

accounted in the components like- total payments to employees, material cost, overhead cost and

profit or income.

(Diagram 6.1)- When cursor is placed on TRANSACTION DETAILS component in diagram 1, it appears

in the form of diagram 6.1 which comprises various sub-components like P, S, I, L, -, + etc. These

letters indicate the following expressions-

P= Purchasing details.

S= Sales.

I= Investment made

L= Loans taken by UAN/UANO

+= Income

-= Expenses

All the data pertaining to above information can be derived from diagram 6.0

:- All the mentioned diagrams have to be integrated in a web for inter-changing the data.

Diagram 6.0 and 6.1 facilitates the information required for formula no. 2 and 3 –

(Formula no. 2)

Main constant line[Cash+commodities (Base value)] + Variable[(income-expenses)-(purchases-Sales)]

+ Appreciation/-Depreciation-Loss- Loans/+investment = Total possessions

(Formula no. 3)

Main constant line [Cash+commodities (Base value)] + Variable[(income-expense)-(purchases-Sales)]

+ Appreciation/Depreciation-Loss + [repayments/investment-loans + (-) interest] = Total possessions

Or

Main constant line [Cash+commodities (Base value)] + Variable[(income-expense)-(purchases-Sales)]

+ Appreciation/Depreciation-Loans = Total possessions

Variables - loans/dues +repayment/disbursement (+)-interest=total profit