We know that Anil Bokil is a man behind the demonetization process declared by Prime Minister Narendra Modi, who was given just nine minutes to speak, resulted in the massive assault on black money. But, now Anil Bokil, founder of Arthakranti and part of the team who are credited to have and inspired the move, are not happy with the way it is being implemented by the government.

Talking to the newspaper, Bokil said that the government used his advice selectively. He told that he was on his way to Delhi for a meeting with the prime minister on Tuesday. However, there was no confirmation of this from PMO.

Read: He Is The Man Who Advised PM Modi To Demonetise Rs 500 & 1000 Currency Notes

He said that “The proposal I placed before the PM was a comprehensive one and had five aspects. However, the government chose to use only two of them. It was a sudden move, not well-thought-out. The move cannot be welcomed or rejected. We are compelled to accept it. The road map we gave the government would not have caused such pain.”

Bokil Suggested Following Aspects:

1. Complete abolition of taxes, direct and indirect by the Central or State governments and also the local bodies.

2. The taxes were to be replaced with Bank Transaction Tax (BTT), wherein every inward bank transaction would attract a levy (say about two per cent). It would be a single point tax deducted at source. – The deducted amount would go into the government kitties at various levels (Centre, State and Local, broken up in perhaps a ratio of 0.7 per cent, 0.6 per cent and 0.35 per cent, respectively). The concerned bank will also get a share of say another 0.35 per cent. Of course, the BTT rate would be decided by the finance ministry and Reserve Bank of India.

3.Cash transactions (withdrawals) would not attract tax.

4. All high denomination currency (anything above Rs 50) should be withdrawn.

5. The Government should create a legal provision to restrict cash transactions to Rs 2,000.

He said “the organization had been working on the proposal for the past 16 years since the organization was founded in 2000. His 16-member committee, he said, would have ensured that no one got hurt in the process of demonetization.

The move would be targeted only on eradicating black money and terrorism and also end ransom-linked crimes. It would have affected property prices and also impacted the GDP. Now we are also proposing to withdraw the Rs 2000 notes the government has brought in. This was just a diversion. The main operation is yet to happen.”