Anil Bokil who is the member of ArthaKranti Sansthan is the man behind this masterstroke plan of b...

Meet the real man behind the ban of RS 500 & RS100 -Anil Bokil

Anil Bokil who is the member of ArthaKranti Sansthan is the man behind this masterstroke plan of banning   500 & ₹ 1000 notes by our PM Narendra Modi.



Few months back Anil met Narendra Modi and proposed for discontinuing the currency notes considering the issues of black money , terror sponsorship , inflammation, corruption , growth and unemployment in our country.

The Pune-based Arthakranti Sansthan is an economic advisory body constituted by a group of chartered accountants and engineers.


Mr. Anil Bokil is an activist from Maharashtra.
In an interview with ETV Marathi in 2009 he said, 

     "We are more into physical transaction involving cash (compared to other countries). Because of the physical exchange of cash we do not have any records of the cash transactions between two individuals who have entered into an exchange of money...We should encourage bank transactions or electronic payment modes".





Top 5 points on the proposal.

(1) Fragment all 56 Taxes including income tax excluding import duty.

(2) Recall and scrap high denomination currencies of 1000, 500 and 100 rupees.

(3) All big transaction should be made through banking systems like cheque, DD, online and electronic. (so there will be proof)

(4) Limitation of cash transaction and no taxing on cash transaction (Physical transaction)

(5) For Govt. revenue collection introduce single point tax system through banking system – Banking Transaction Tax (2% to 0.7%) on only Credit Amount.



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