In reality, Indians have never tried to understand the value of rupee. People in india have followed some rules which do not have much logic. Also, Indians are only interested to give services at cheaper rates and have never looked at building their own capabilities. This is because of lack of confidence and self respect, as Indians have been slaves now for more than 1000 years. It looks very difficult for people to come out of slavery and look at themselves and asses the value themselves.

India is the most safest country with highest values in the entire world. It has got all the major religions of the world and only country to have national holidays on all the festivals. It is the only big country which has never attacked any country, even when the country's own land was taken over by neighbors. In it's entire history India has never threatened any country. India, has given refuge to people when they could not find anywhere in the world. Most of the inventions from India, do not hold patents or copyrights or trademarks like other developed countries do. India was the richest country before the east India company invaded India and during those days India did not try to conquer or dominate weaker countries at any point of time. All these reasons give other countries to accept rupee as the most valued currency on par with Dollar/yen/pound/euro/yuan.

The below steps will make the Indian rupee, realize the true value in the world market.

(-5) National holiday for 14 days to ensure that all the currency is digitized. All banks to function 7 days.

(-4) All the money from today in the form of currencies will be invalid and only digital transactions will go through. Government will provide all basic food items, medicine and basic necessary things free of cost to people for next 7 days which will last for 7 days. People will be encouraged to convert all the currencies in the digital format as early as possible to get all the benefits. People who miss to convert their wealth in the digital format will not be able to use the currency notes anywhere in India and not even for medical emergency as well.

(-3) Recall all the black money of Indians outside India and pay all the outstanding debt in a day itself. Black money and tax havens: Rs 65 lakh cr stashed abroad that too in foreign currency, is India biggest victim of ill-gotten wealth in the world. This will make India onoe of the richest country in the world.
https://www.firstpost.com/business/black-money-and-tax-havens-with-rs-65-lakh-cr-stashed-abroad-is-india-biggest-victim-of-ill-gotten-wealth-in-the-world-4180833.html

(-2) Instead of holding foreign currency use it for the development of the country and infrastructure, this will make the economy more robust and improve the GDP. This will automatically bring natural strength to the economy. Currently USA does not hold any idle foreign currency - everything is put to work. However, India has to keep the foreign reserves idle (some foolishness which has never been questioned). When ever Required India can pay in rupees to which ever country it wants and that too with gold backing (Which USA does not have). India will have perennial flow of foreign exchange reserves as the country grows more faster with the re valuation of rupee both within and outside.

(-1) Invest in R & D and have partnership with Oil producing countries to work on a mutual growth plan - where by India will help the oil producing country to develop their infrastructure, IT and manufacturing sector and make them sustain their economy when oil will not be required by the world. In parallel ensure that the country quickly moves to without crude oil as early as possible.

(0) Zero Interest to promote small and medium scale enterprises to boost the economy of the country.

(1) Innovative Gold locker policy in collaboration with central banks for citizens to pledge gold with the central bank with some minimal earning. This will allow the central bank to take control of the Gold at the prevailing rate when the need arises without any notice. This makes a win-win situation for house wives whose gold was just lying idle in lockers and where required to pay annual fees of lockers. The Citizens can use the gold as required - by withdrawing and again depositing. This creates an floating gold reserves with the central bank without any investment and helps to mobilize more than 24,000 tonnes of gold. This indirectly will improve the backing of rupee with more security in the international markets. This will ensure that rupee is no more required to take support of any external foreign currency similar to Dollar.

(2) Revaluation of Rupee within the country After doing the above steps - revalue the money of rupee. Now what 40 rupees could have bought, people will buy it with 1 rupee. Lunch which was costing 100 rupees will now be 2.5 rupees. This make the rupee stronger within the country and outside both.

(3) Now when the country is Debt free and is not dependent on any imports all the amount saved can be used for the development of villages.
https://uolve7.talkyard.net/-44/how-can-rural-areas-be-developed-and-income-of-the-people-be-increased-where-70-of-indian-population

(4) Export relief hub Till the time the global economy accepts rupee on par with dollar or pound or yen. Government can provide incentives to industries by providing working capital to produce goods for internal consumption and needs (basis historic foreign exchange earning statistics). As the value of money has increased by 40 times the spend and consumption will also increase by 1.25x at least. This will boost the overall spend and production within the country. (The amount of loan received as to be paid back again, nothing is free)

In all the exports - the impact should not be there, as the value of rupee has significantly increased within the country(what 40 rupees could have bought earlier, now 1 rupee can buy it), so the exporters should have zero impact.

(5) Top priority to be the first country to become 100% digital in payments. Indian rupee will be transacted digitally all over the world - which the dollar is not having the privilege. This will ensure that corruption is eradicated and brings complete transparency for foreign companies to do business in India in a more secure way, like never before. Managing the currency outside the country will also be very easy. India can easily know, how much INR is held by which country. Indian rupee will become the most secure currency of the world with this digitization.

(6) In continuation of ease of doing business - set up stringent Turn around times to ensure that any startup or foreign direct investments are processed in the fastest possible time (24*7).

(7) Promote Tourism like never before Till date, we were advertising tourism within the country - have special funds to develop movies which show cultural richness and shows the special attractions in the country. This will make Indian cinema compete with Hollywood movies - and also help in bringing tourism.

Revaluation of rupee will have - No Impact on Tourism as for the foreigners - they will be able to buy the same value of things as before. Example a ticket which was costing 500 will now be 22.5 ( with 40x appreciation of rupee)

(8) Outsourcing and IT Industry It should not have any impact as the buying power of rupee and dollar will more or less will be similar. Employee who were being paid 80,000 per month, will now be paid 2,000 rupees.
Use the entire Outsourcing industry and IT resources to develop the infrastructure within the country itself. This will give ready availability of required resources to remove all the waste of governance and build a centralized citizen hub. This will also help in getting better value for the services offered.
https://uolve7.talkyard.net/-47/how-can-world-leaders-with-unified-vision-for-the-people-eliminate-unnecessary-costeffort-of-managin
Most of the countries will require the talent of India, which would not be available at lesser cost and hence they will be required to continue with the existing services.

(9) **Incentives to traders outside country ** Provide free IT services to companies who are buying products from India as an package when they cross specific threshold limits. This ensures the unemployed people in the country get employment and also helps the exporters to get more business. This also benefits the businesses who are buying products from India and will continue doing so.

(10) Micro Industries and entrepreneurs Provide quick and easy loans basis skill and capability to start small business

(11) Strategic Development of weaker countries Develop trade and commerce with other countries whose currencies are more weaker, this helps us to tap the untapped markets of Africa and Asian countries. Provide all the assistance and help to ensure that their economies also become strong. Provide limited free IT support to weaker countries, who are pursuing trade and commerce with India.

(12) Minimal Spending of 1 rupee This will increase the spending as people will be required to spend at least 1 rupee on every purchase (now equal to 40 rupees ). This will increase the turnover of small businesses. As people wealth has increased drastically rich people will spend more, which will eventually help the poor people in a dramatic way.
*Example 1: A puncture shop who fills air currently gets 4 rupees(0.05 revalued ), can provide the customer a package of 20 fills @ 1 rupee (earlier 40 rupees). The shop will get paid only 0.05 on the first filling and subsequent payments will be made when the customer acknowledges the service or product on next purchases. The amount which was freezed, will be unfreezed back, if they have not used it within 120 days. This ensures that small business will get regular business.
Example 2: A barber can offer shaving+ massage together @ 1 rupee ( which was @40 rupees). This help people to offer additional services which they never thought of before.

This will also help small shops to sell packaged related products as another option for their customers to buy. This helps small shop keepers to do more business.

(13) Stock Prices to get revalued Stock markets will remain closed until new way of regulated trading basis the basic fundamentals of the company are introduced(refer below link). No more stock markets will be a gambling places, it will be real prices based on real value and fundamentals of the company. This will help the common man to invest in stock markets in a more secure way like never before.
https://uolve7.talkyard.net/-46/how-can-stock-markets-operate-on-basic-fundamentals-instead-of-gambling-principles-to-help-common-to

All the stock prices will get divided by 40. This will ensure that the rich people don't become even more powerful and richer. Once all the stock prices are devalued by 40 times the internal value of the money will increase as we would have taken into account 80% of the wealth. Once the stock market prices have been devalued, the companies will reduce the salary of the people in the same proportion. When Employees will know that they will get 40x lesser salary, they will not pay anything additional to the MRP of the product ( Refer point 17)
Suppose a share price of Reliance Industries was yesterday trading at 1200, today it will re open at 30 rupees (after stock markets are regulated). This will ensure the price of the rupee has gained significantly overnight.
However, this will improve the buying capacity of the common man and they will start investing in the stock markets- this will ensure that companies get more fund.

(14) All Government salaries and expenses are devalued 40 times. This means that if the president was getting 2 lakhs will now get 5000 rupees as monthly salary. This will automatically make him to spend wisely.

(15) All the taxes and government payments which citizens are required to make are divided by 40

(16) List MRP for all the major commodities Government circulates the MRP of all the commodities for people to refer while buying for the initial few months and there after everyone will become habituated and known to the new value of Rupee. People will not be advised to buy the products above the MRP and help the nation to achieve this success. Common man will participate as it is making there wealth increase by 40X, they will divide every product by 40 to make any purchase, till the new prices are printed on the products. (A big label with new re-valued MRP will come into effect with new manufacturing which will begin from today - For already printed packaging materials - People can use stickers)

People who are paying higher than the set MRP, will be doing so at their own risk and wasting their money - these people will have higher then required and if people are doing so they will benefit the seller. However, the MRP prices should be fulfilled by the seller, when any buyer wants to buy it at the new devalued prices

(17) Debt repayment Suppose a person was owing 10 lakhs to another person before revaluation and after revaluation, he will be required to pay the revalued amount of 2,500 to pay of the debt.

(18) Post Digitization the currency will be revalued by dividing it by 40 for everyone
Example 1: A person having 20,000 will now have 500 (Purchasing power same as 20,000)

(19) Controlling Inflation When suddenly the value of money increases by 40 times, inflation is again bound to increase as it will chase products with substantial lower prices. To ensure it does not lead to increase in prices again and sustains over a period of time. Negative interest rates above a threshold will help in ensuring that people don't store money and this money will be wiped away from the economy (Similar to how currency notes are printed, in the same way the currency can be taken away in a smart way) People will be required to either invest in companies.

Example: A person with 1 lakh and above (purchasing power of now 40 lakhs) - if the person does not invest anywhere the value of his money will decrease by 40% every year and this will increase as the amount increases that is 50% for 10 lakhs, 60% for 20 lakhs, 70% for 30 lakhs, 80% for 40 lakhs, 90% for 50 lakhs, 95% for 60 lakhs and above.
If one person has 65 lakhs - he has to invest 95% of 63 lakhs to safegaurd his wealth. People if they keep their wealth idle, it will get wiped away. So the money has to rotate and change hands, which will boost up the economy and help individuals to grow their wealth.
(All the accounts will be linked with Aadhar across all banks - This will ensure that no matter how many bank accounts the person holds, everything will consolidated as one)
Investing in stock markets will be lot more safer with very less risk, people will get regular mandatory yearly dividends which is not present now
https://uolve7.talkyard.net/-46/how-can-stock-markets-operate-on-basic-fundamentals-instead-of-gambling-principles-to-help-common-to

This will do two things - it will start wiping of excess money in the system in an automated way from the richest people and ensure that excess money is used for the development of villages and infra structure activities for all round development of the country. A country which was short of funds will have huge funds for development. This system will automatically ensure that the inflation is self regulated. No one can depend on the accumulated wealth to sustain their life, everyone has to keep working, to avoid depreciation of wealth.

(20) **All Gold and Precious stone seller shops and business establishments and godowns/stores/warehouses will be sealed by police in coordination with para military forces across the country, with immediate effect. All the establishments will re-open after the timeline of 100% digitization of currency is over. This will ensure that no one can transact using the old currency. All the business owners and workers will provided an reimbursement for the lost income at standardized rates. All the shops were Gold/precious stones are sold will be guarded with armed forces to avoid any untoward incident.

(21) Standardize Gold Prices and all other precious stones/gems

• (a) All gold shops will be required to sell gold only in digital format, anyone who breaks this rule will be required to face criminal proceedings for violating the law of the land. As corrupt people, will suddenly, want to buy gold/precious stones/gems. This would certainly increase the prices of Gold and precious stones drastically. All the Gold and precious transactions will be required to be made using digital mode as a mandatory law. This will help the Government to know how much Gold and precious stones are held by people.

• (b) Post Digitization, all the Gold shop owners or dealers will be scrutinized thoroughly like never before and any small discrepancies will cost them heavily, including criminal proceedings. The stock of the Gold and all other precious stones along with the sales to individuals will be audited.

• (c) Gold prices will be standardized and the value of Gold will remain constant as per the directives of Government. People who buy gold at higher prices will be at loss by themselves as they will not be able to sell at higher prices to anyone.Example: Now the price of Gold is 33,400 rupees - it will be standardized to 835 rupees and the value will be controlled by Government basis international prices - No one can decide the value of the Gold. The same example will be extended to all the precious stones/gems.

• (d) Emergency help line numbers to get immediate assistance 24*7 to deal with any unwanted aggression will be provided to help the Gold shop owners.

(22) 100% Digitization of Land and property records and upper ceiling limit to buy/sell properties or charge rents from tenants

• (a) Digitization and Ceiling limits When more wealth is chasing less properties, this will result in increase in the prices of land and properties drastically similar to 2008 USA economic crisis. In order to avoid that - no one can sell or buy any property in the next 18 months.

• (b) Government cannot sell or allot any land or property to any one in next 18 months. All the common land will be strictly regulated by the government.

• (C) No company/trust/NGO/ Corporation/School/Hospital will be allowed to buy/sell properties for the next 18 months All of them will be required to take properties on rent or give away on rent.

• (d) Beyond limit holdings - Rent collection People who are already holding lot of properties will be required to collect rent only in digital mode and that too at devalued prices.
  Example: A person who was paying 1 lakh as rent till yesterday, will be required to pay not more than 2,500.

  • (i) Any person demanding more amount or pressurizing anyone will be required to undergo severe criminal proceedings.
  • (ii) No land owner or land lord can ask any one to vacate till the next 18 months. - Everyone has to accept the same rent as what it is today with a division of 40(refer above example). (Maximum appreciation of rent @ rate of 3% every year)
  • (iii) Properties or lands which are vacant cannot charge anyone beyond the upper ceiling limit set.

• (e) Selling of land and Property prohibited for next 18 months. No one can sell the properties which have been bought - All the property based transactions will come to standstill for next 18 months. They can only give the property on rent.

• (f) Under construction houses/flats/buildings/ventures People who are in the construction business will themselves become so rich, that they will not be required to sell. They can give their constructed houses/buildings/ventures on rent only. In case, if they do not have sufficient funds, they can take loans @ 0% interest but with a monthly repayment plan and failure to repay the loan will lead to confiscation of the property. In case, if some one is not able to agree - a special wing of the government will take those cases and will buy those properties as per the devalued prices and bail out the builders. Government will also be required to only rent it out, unless the freezing limit of 18 months is over.

(23) House for all scheme Families who do not have any houses or people living in slums or living in broken houses - will be given houses on rent by the government by constructing it for them. People will be required to pay the regular rent as per the market and failure to do so will be asked to vacate. ( this will be for people who are very poor and none of the family members hold any property). They will be also given employment opportunities, so that they can pay the rent.

• (a) Limits for houses/flats - when they do not have any property/land Government will construct flats not more than 500 square feet. (Refer Solution in the point 10 and 11 in the below link) https://uolve7.talkyard.net/-44/how-can-rural-areas-be-developed-and-income-of-the-people-be-increased-where-70-of-indian-population

(24) Training and education to make 100% digital payments at the earliest on a war footing

• (a) Special service by all banks in all villages Banks will asked to focus three days in the week only on small villages by having mobile vans. All the banks will be required to work all the 7 days till 100% digitization is achieved. All the village people and uneducated people in cities/towns will be given debit cards based on Aadhar verification and people who dont have aadhar will have to get one.
• (b) Free smart phone with special features to make digital payments People whose bank balance is less than 100 rupees will be given free phone and others will have to purchase it as a mandatory obligation.
• (c) Use College students to educate villagers and uneducated people everywhere All the college students will be given an assignment to teach all the uneducated people on how to transact digitally for the next 2 months.
• (d) Private employees will be requested to contribute their weekends in helping people to understand on how to make payments digitally.

(25) On call and online help

• (a) All the BPO's in the country will be required to support the helpline. Any citizen having any doubt at any point of time will be able to get real time guidance. All the contacts managed will be paid by the government on every contact handled and the rating received from the citizen.
• (b) Citizens who are interested in supporting voluntarily can download the app to answer the queries and help the fellow citizens.

(26) Daily installment scheme - by having auto debit feature

• (a) Example: If the person has to buy an auto, they have to pay the amount on equal installments every day. A non polluting auto which is costing 5 lakhs will be now 1,250. The person can pay the amount on daily installments, as some people can be on daily wages or dependent on daily earnings. In case, if the person is not able to repay the amount consecutively for 10 days, the seller will have the right to charge minimal penalty and after default of 40 consecutive days can take back the sold vehicle again on depreciated prices @30% per year basis(except when the person is ill and is certified by a doctor). The buyer will be in an obligation to pay back the difference amount and which shall be deducted from his account. This will increase the spending, as no one is actually required to pay the amount in one lump sump, earlier people were paying monthly installments with interest and now they have to pay automated daily installments without any interest. Payments will happen on an automated after the basic limit is crossed, so people who have bought products cannot avoid paying the seller in any way while they are earning.

• (b) Business entity All Businesses will be required to have their shop registered let it be a small kirana or a barber shop with a banking account (It will be free of cost)

  • (i) Respective shops will be monitored on the transactions made - All the transactions should be supported with a business logic.
  • (ii) Small shops ( Kirana, barber, electrical, carpenter....etc) will also be able to raise funds from the stock markets. This will encourage more people to start their small shops/ micro industries or start ups or even companies.
    Refer the guidelines to raise funds and operate in the stock market.
    https://uolve7.talkyard.net/-46/how-can-stock-markets-operate-on-basic-fundamentals-instead-of-gambling-principles-to-help-common-to

(27) Foreign companies cannot take away the rupee outside the country for the next three years. Only government will be empowered to pay Rupee outside the country and that too with stringent norms after going thorough the approval process.

People will be advised not to hoard anything in excess, which is not required - as this may lead to wastage of their money and not help others or the economy overall. People who do not think and use the excess value created will be in loss in the long run. As there can be lot of good things in store for those have retained their wealth. Excessive greediness will lead to lot of losses. People who are having wisdom will be the most beneficial.

(28) Mutual Growth policy for Imports Import policy will encourage people to import, only after the product is manufactured within the country. This will make the country self reliant and not dependent on any country. (Currently, India does not manufacture computer processor, so it has to be taken up as the first priority). India will allow only those countries to sell their products, when they provision similar things for the products from India to be sold in their countries.
Ex: Rupay should be allowed as a form of Debit card in USA, as it has allowed Visa, mastercard and American express to flourish in India. This will help USA to move out the credit pattern, where many people fall in debt trap unknowingly.

(29) Unearth all the wrong doers - by freezing the wealth of people who have acquired it from wrong means and sources

• (a) Cash Suppose a person who was filing returns of only 10 lakhs per year, now suddenly deposits 1 crore worth of currency to get it digitized. Such people will fall under scrutiny and their wealth will be freeze until the scrutiny is completed.
• (b) Properties All the properties will be digitized, people will be scrutinized on how they have acquired such huge properties.
• (c) Gold and Precious jewelry Digitization People can sell only the amount of jewelry which they have declared and beyond which will not fetch any value. As everything will be digitized. No questions will be asked on digitizing gold/gems, however if people fail to do it now, they can face problems later. This helps the country to use the idle jewellery in the best possible way for the growth of the country. Example: If a person has 1 kg worth of gold and 10 diamonds and if he/she declares only 50 grams of gold and no diamonds. They will be able to get the gold/gems converted to the digital currency to the amount declared. they will not be able to sell them and get any money from them.

(30) Helping the Poor to earn livelihood and get all the basic necessities and improve their standard of living The below facilities will motivate the poor people to move into digital platform very easily.

• (a) People who are between 16 -25 years and have cash below 20,000 before revaluation, will get free access to learn practical skills which will help them to earn their living and support themselves instead of being dependent on parents.
• (b) People who are above 25 years and have cash below 50,000 before revaluation - will get an opportunity to learn new skills and start small business/shops. After gaining expertise and passing the practical skill assessment, they will be given machinery/trolleys/tools which can help them to earn on a daily basis.
• (c) Both the above sets of population in a and b, will get an option to buy the below things to help them improve the standard of living.

  • (i) Clothes from registered Khadi stores worth 5,000 rupees for next 3 years (125 post revaluation)

  • (ii) Healthy food card to make people work harder like never before

    • Every adult above 25 years will be required to earn at least 5,000 (after revaluation 125) every month and people who are not able to earn will be provided work (activity will change every month, so that everyone gets to do all types of work from cleaning, farming, gardening, construction ....etc). People who do not accomplish the tasks as required will not get any of the benefits. Here, the person who is supervising will also be required to work with them and not just monitor or observe them by sitting on a chair.
    • Daily 3 healthy high quality Food coupon from heath stores - Breakfast, lunch and dinner for next 3 year along with their children will be provided, . This will also help in generating employment opportunities for people to start up healthy food centers and addict people to good habits and leave bad habits(as alcohol and tobacco will be banned). This will help in reducing the kitchen space, make people more productive and women can also look at learning new skills to support the earnings of the family. People will have different shops even in villages to choose from when the quality is not good - as the coupons will get reimbursed with good amount of money to these shopkeepers to maintain highest standards (lapsed food coupons cannot be used next day and people would be expected not to misuse the privileges provided).
    • Health centers will be operated by private firms and will be required to maintain international standards while providing food and failure to do so will not be eligible for having the free coupons from people. Every health center will have an upper limit of people who can eat basis the area (No greediness allowed). Local restaurants/hotels(Prior experience is mandatory) will be encouraged to meet the standards by taking zero percent loans and will be provided help from big industries who can assist them in setting up the standardized infrastructure.
    • People would be required to maintain highest standard of cleanliness, wash their plates and will be required to pay money when they waste food. People while eating food will also learn lot of new things, get to know how to live and will be encouraged to participate in Yoga and morning exercise.

  • (iii) Free high quality Basic house hold appliances Freebies worth 1 lakh which they can spend in next 3 years equally (2,500 post revaluation, not exceeding 834 every year) People can choose to buy from the list of basic house hold appliances like Kitchen utensils for cooking, house hold utility items like dustbins, bio gas bins, standard cycle for travelling, bags or trolleys for easy travelling, shoes / slippers, very basic utility furniture which is very much required. People will be able to buy these from registered shops basis their needs and requirement.

(31) In order to provide a final chance for the corrupt people to improve. The Following slabs are being proposed to be paid into Nation development fund

• (a) 30% - Unaccounted wealth between 40 lakhs - 1 crore ( 1 lakh - 2.5 lakhs after devaluation
• (b) 60% - Unaccounted wealth between 1 crore - 2 crore ( 2.5 lakh - 5 lakhs after devaluation
• (c) 90% - Unaccounted wealth between 2 crore - 5 crore ( 5 lakh - 7.5 lakhs after devaluation
• (d) Above 5 crore rupees - there money will cease to exist.

This will increase the per capita income as well, as people will have lot of employment and entrepreneurship opportunities.

This will take out the excess wealth from the rich people without troubling them and make the poor richer so that they lead a good life. All the above steps if taken - will slowly make the Indian currency become even more stronger. Within 18 months all the excess wealth held by the people will be removed out and the economy will run more vibrantly with all round development.

If this model is implemented across the world - we will not be far off, where the entire world will have a single currency. We