A place where I keep my crazy thoughts and ideas in the hope that one day they will come in handy.
Demonetisation 2.0: Demonetize all currency notes.
Issue coins of Rs.20 and Rs.50 which should be large and inconvenient to hoard.
No exchange of old currency, just deposit in it in the account.
Any transaction above Rs 500 should be done digitally.
Do away with all taxes, every single tax in the country.
Charge a 2.5% transaction tax on each transaction where the total amount transferred from the account on that day exceeds Rs.1000.
The cost of goods will come down significantly since taxes are abolished, making more people buy things resulting in a healthier cash flow.