Some of the Letters written by us to the Government/Ministers/Authorities (and their response, if any)
Sl.No. |
Date |
Addressed to |
Subject |
Remarks |
View |
1 |
02.11.2011 |
Finance Minister |
Curbing black money - few suggestions |
Note 1 |
|
2 |
26.10.2020 |
Prime Minister |
Should India appoint a Chief Financial Officer (CFO) |
Note 2 |
|
3. |
15.05.2022 |
Prime Minister |
Introducing a separate currency for meeting ‘Public Welfare expenditure’.. .. |
Note 3 |
|
4. |
22.04.2023 |
Finance Minister |
Can the government adopt a ‘differential pricing’ policy for foreign exchange .. .. |
Note 4 |
|
5. |
03.08.2023 |
Finance Minister |
Sovereign Gold Bonds (SGBs)- Is it a deeply flawed and defective product? |
Note 5 |
|
6. |
20.09.2023 |
Finance Minister |
Tracking gold imports |
Note 6 |
|
7. |
27.05.2024 |
Finance Minister |
Should India adopt a new Banking Model? |
Note 7 |
|
8. |
05.04.2025 |
Finance Minister |
Using CBDCs to meet public welfare expenditure |
Note 8 |
|
9. |
21.08.2025 |
Finance Minister |
How to improve the Banking Sector |
Note 9 |
|
10. |
01.01.2026 |
Managing Director, IMF |
Are CBDCs going to reduce USD’s dominance? |
Note 10 |
- Note 1 : No response from the Government. However, it seems that the government has accepted one of our suggestions. In this letter we recommended a simultaneous demonetization and remonetization to curb the black money. It seems that the government has picked it up, refined it and used it in 2019.
- Note 2 : No response from the Government.
- Note 3 : We received a reply from the RBI, after a little nudge from the Ministry of Finance. The reply said
- Note 4 : No response from the Government.
- Note 5 : No response from the Government. But the government went ahead and announced/issued two more tranches/series of Sovereign Gold Bonds for the year 2023-24 subsequent to our letter. Either we are wrong in our conclusion or our letter didn’t receive the attention it deserves. Time will tell.
- Note 6 : No response from the Government.
- Note 7 : No response from the Government
- Note 8 : No response from the Government. However it seems that the Government has accepted our suggestion and is in the process of implementing it (please see news item ‘Govt to start pilot for digital food coupons under free ration scheme’ - Times of India, 30th Jan, 2026). Interestingly, it seems, the Government has also accepted our suggestion regarding the ‘expiry date’ concept.
- Note 9 : No response from the Government. However, it seems, the Government has accepted one of the suggestions - related to harnessing strength of one PSB with all other PSBs (please see the news item ‘Select PSB Digital Playbooks picked for Broader Adoption’- Economic Times, 31st December, 2025). We know implementing other suggestions is a little complex. We hope that they will be implemented in due course.
- Note 10 : No response from the IMF. That is fine with us. We haven’t written this letter in anticipation of any response. It is more like ‘Thinking aloud’, airing our views about the US Dollar's future.
“.. .. we thank you for your interest in currency related matters. Further, it isinformed that matters related to issuance of currency are governed by the provisions of various sections of Reserve Bank of India Act, 1934.”
We are amused, honestly . The RBI, instead of examining the usefulness of the suggestion, simply junked it because some 100 years old British era Act has no provision for such a currency. Hilarious!