A priest’s idea to tackle black money: e-rupee

Tapping Black Money

Union Finance Minister Arun Jaitley will release a 57-page book, E-rupee to Reinvent India, at the North Block of Parliament House in New Delhi on Friday.
The book is by a Catholic priest, Fr. Abraham Mulamoottil. Rajya Sabha Deputy Chairman P.J. Kurien, who wrote the preface, will preside over the function, to be held at 4.15 p.m.
Talking to News Agencies, Fr. Mulamoottil suggests introduction of a new product, e-rupee, to promote a ‘currency-less’ society.
It would be an effective tool to deal with black money and corruption. e-rupee would require that all fund transfers, bills, and payments, be channelised through efficient, secure, authorised, and convenient gateways.

Source: The Hindu