Wednesday, June 3, 2009

Death of merit: Capitation scam exposed


Came across this above titled corruption news report in:

http://www.timesnow.tv/HRD-Ministry-takes-note-of-capitation-fee-scam/articleshow/4318630.cms.


There are million upon millions if not billions of such corruption or the economic crimes going on all over the world in which India definitely has its fair share.

The existing anticorruption legislations and bills miserably fails to prevent it on the other hand the worlds Governments do not have the political will to implement the most effective anticorruption measure that can root-out almost all the economic crimes (corruption) and its related crimes. Let me present it briefly in the following:

BAN ALL CASH MONEY TRANSACTIONS ABOVE A GIVEN AMOUNT (say $ 5 or so) ABOVE THAT AMOUNT ALL MONEY TRANSACTIONS SHOULD BE CONDUCTED ONLY BY THE ELECTRONIC (E) MONEY (credit card its popular form) DIRECTLY THROUGH THE BANK TO THE BANK ACCOUNTS, WHICH MOST IMPORTANTLY MUST HAVE THE SECURITY OF “BIOMETRIC IDENTITY”.


This E-money transaction with biometric identity security system basically able to keep the electronic record of all such money transactions conducted through its network. Therefore if any one engage in ‘illicit money transaction’ (bribe, graft, illegal drugs, money, fraud, scams, money laundering , terrorist finance etc) it invariably gets recorded in the bank account of the person or the firm. So when a legal investigation ordered of any alleged corruption, this network would provides the law enforcement an entirely new kind of anti-corruption investigation tool that can easily identify, track down, charge and finally convict the criminals in the court with that undeniable bank account money transaction record as the concrete evidence or proof. This can root out almost all corruption and crime what is really needed is the international “political will” to get it done. However, see NO HOPE of it, so the hope of eradication of corruption.

Also see the following most important papers on this subject matter.

IT To Root-Out Corruption”.

www.anticorruption-it.info

http://i-opinion-about.blogspot.com/

Corruption Is The Root-Cause of Terrorism

http://i-opinion-about.blogspot.com/2009/02/corruption-is-root-cause-of-terrorism.html

IT To Root-Out Illegal Drugs Trade

http://i-opinion-about.blogspot.com/2009/02/it-to-root-out-illegal-drugs-trade.html

Credit Card Money To Root-Out Counterfeit Currency

http://i-opinion-about.blogspot.com/2009/03/credit-card-money-to-root-out.html

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