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

Arun Jaitley to release book on e-rupee tomorrow

Abraham Mulamoottil

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

The Hindu , 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.