ecomoney.org.in

Vision: 

Adherence to the ethos of Egalitarian society; where neither prison nor ruler/police are valid options.
Self-governance is the only instantly admirable, aspire-able and appreciable trait of survival of sustainable wealth.

Eco Money
To empower citizens for sustainability of; humanity and human habitat by ecological enlightenment.

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Eco Money:

To empower citizens for sustainability of; humanity and human habitat by ecological enlightenment.

Today two types of money predominates economy.
One is hard money. (Labor or employee)
Second is soft money. (Entrepreneur, self employed professional/contractor etc)

To earn first type of money physical labour in terms of time and performance is necessary.

To earn second type of money brain power along with sharp observation of surrounding along with faster mental response is necessary.

Legally there are very much restrictions of earning first type of money.

Persons less than 13/14 or 18 years or older than 58/60/62years have very little legal opportunities to earn money.
It also has time constraint imposed by the system which you can’t ethically monetize such as your weekly off or holiday etc.

A lot of preliminary qualifiers are desired to earn that money. Like location, education, relation etc etc.

The second type of money always has inherent ability of influence and power.

Currently there is huge disparity in these types of money and currencies worldwide; Such as in Rs. And $.

To have equal opportunity for everyone irrespective of location, cast, gender, age, education, influential or unethical relation we have to insist for equality of opportunity in current time.
We also need a transparent transaction mechanism so everyone have fair value of efforts.

The currency should have inherent security and safety so nobody could steal or hijack it.

The capability of it should be always appreciating not decreasing in value.

With the rampant spread of modern gears like mobile, face book etc it should be compatible with electronics also.

Here came the ecological money.

Everyone have equal opportunity to earn, transact safely and enjoy the laurels of it.

The short form (abbreviation) of such money is
You can explore how it could be created naturally?

One most ignored aspect of contemporary currency is that, it could be produced, with at the most a group of few persons, at their whim and will.

So the inflation or debt, and all the evil, it can generate, in a matter of just a moment.

You can see that all type of speculation, gambling, lotteries, liquor and prostitution permitted; in lieu of this type of currency, by the issuing authorities.

Due to this inherent flaw, of the currency, it is always the cause, of fight, war, crime, injustice.

The EcoMoney is related directly by the count of ecologically aware humans.

This makes it impossible, to be used against the recognizer’s interest.

It could only be generated by the deeds, which lead to humanity, towards next level of the community well being.

As it is only dealing with aware persons, it could never be used by, ignorant irresponsible person.

The ability to use it is. directly related to the real necessity, of human kind. So it has no exposure to false advertising, biased media or corny administration.

As it relates to humans, it could not be rigged, in artificial inflation, deflation or for corruption of any kind.

As it is directly connected with the humans, in current era; it is impossible to hoard it, or imbalance the opportunities for anyone.

It will generate automatically, when some human turn to be aware about his ecology.

This currency belongs, to only aware person, which could be transected, via ecologically responsible organizations.

It restricts the fly by night operation, of any kind; which is actually the main cause of all type of war, crime, corruption, misdeed, fraud and sickness.

Economic history of India

1 AD

India's economy had a 52.9% share of world income, the largest in the world.
1000

India's economy had a 33% share of world income, the largest in the world.
1500

India's economy had a 24.5% share of world income, the second largest in the world after China, which had a 25% share
1600

India's income of £17.5 million (population approx. 150 million people) was greater than the entire treasury of Great Britain in 1800, which totaled £16 million.
India's economy had a 24.4% share of world income, the largest in the world.
Colonial period[edit]
There is no doubt that our grievances against the British Empire had a sound basis. As the painstaking statistical work of the Cambridge historian Angus Maddison has shown, India's share of world income collapsed from 22.6% in 1700, almost equal to Europe's share of 23.3% at that time, to as low as 3.8% in 1952. Indeed, at the beginning of the 20th century, "the brightest jewel in the British Crown" was the poorest country in the world in terms of per capita income.
— Manmohan Singh

East India Company
1793

Cornwallis' Permanent Settlement Instituted in Bengal
1820

China was the world's largest economy followed by the UK and India. Industrial revolution in the UK catapulted the nation to the top league of Europe for the first time ever. During this period, British foreign and economic policies began treating India as an unequal partner for the first time.
1850

The gross domestic product of India in 1850 dropped to 5-10% and was estimated at about 40 per cent that of China. British cotton exports reach 30 per cent of the Indian market by 1850.
British Raj
1868

First estimation of India's national income by Dadabhai Naoroji
1870

India's economy had a 9.2% share of world income under the British Empire.
1913

India's economy had a 5.4% share of world income under the British Empire.
1943

Famine of Bengal
Post-Independence period
Nehruvian era
1952

India's economy had a 3.8% share of world income.
1973

India's economy was $494.8 billion, which accounted for a 3.1% share of world income.
1980–1991

Economically closed.
1991–present
1991

Economic liberalisation was initiated by Indian prime minister P. V. Narasimha Rao and his finance minister Manmohan Singh in response to a macroeconomic crisis.

2010
India's economy is $4.002 trillion (purchasing power parity) which accounts for a 6.3% share of world income, the fourth largest in the world in terms of real GDP.

2012
India's economy is $4.825 trillion (purchasing power parity), the third largest in the world in terms of real GDP.

2014
India's economy is $7.376 trillion (purchasing power parity), the third largest in the world in terms of real GDP.

Source:
http://en.wikipedia.org/wiki/Timeline_of_the_economy_of_the_Indian_subco...
1301 reads
We should guard against colleges that give useless degrees, says Raghuram Rajan
http://scroll.in/article/807800/full-text-we-should-guard-against-colleg...
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Is IMF powerless?

The facts show that the IMF is also powerless in disciplining some countries that have been running balance of payments deficits or surpluses for several years. - See more at: http://www.thejakartapost.com/news/2015/06/15/questioning-imf-s-safeguar...
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What are the Conflicting interests of our society?

Hard money has three major conflicting interests

1. Customer needs best quality at lowest possible prices

2. Employee needs highest amenities, wages irrespective of responsibility

3. Investor needs highest return on investment in shortest possible time frame.

(Just take an example. look the landing rate of nationalized banks way beyond the usual percentage growth in GDP or economy as a whole)

What happens?
Bad customer service

Ignorant employees

Operational losses of facility, opportunity and time, which looks like the tragedy of commons or broken window theory

In soft money

Investor replaced by customer and provider

Purchaser reasonably assesses the cost of acquisition and ownership while provider keeps his/her quality and overheads in direct proportion of customer perception.

The moment transaction happened; directly in between customer and provider the return on investment disbursed reducing overheads.

A sense of responsibility prevails in such transaction. Both parties take care of mutual well being.


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