Ban 500, 1000 notes - Corruption Uprooted or just changing clothes!


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Pavan said: (Jan 21, 2018)  
Just changing clothes didn't change the entire scenario the same thing happens after some days or years 2000 notes stored instead of 1000 notes.

Corruption not earradicated but it was just stopped for some days and the same thing is happeneing now too.

People see any change in todays country.

Rate this: +4 -1


Batman said: (Jan 21, 2018)  
Hello Everyone!

I think it was one of the worst decision in Indian history. It was bad for Indian people, economy we still see result of it. From small villager to metro city everyone has faced many problems.

As far as corruption concern NOTHING HAS CHANGED. In fact all black money holder converted their money in white. The large amount of corruption happens in politics from Ministers to Government officials this amount varies from few to hundreds to thousands of Crore rupees.

So if you really wants fight against corruption and black money. Find the corrupt politicians, official who is still holding position.

Banning notes is not solution. Its like you think every single person in India holding black money at their homes. Instant of that just Identify the corrupt person and take action you have all power from CBI, ED, IT, Police etc.

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Anubhav Verma said: (Jan 20, 2018)  
I think the banning of 500-1000 notes, not a great step by Modi ji it is very painful for the village people to stand in a queue and replace those. Modi Ji again started 2000 notes which are again as an offer for the corrupt people.

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Neha Saxena said: (Jan 20, 2018)  
Hello everyone.

In my opinion, demonetisation was a great move in the Indian history which was implemented by our government of India on 8 November 2016. The main aim for this demonetisation was to eradicate corruption and to remove the circulation of black money from our country but I personally feel that the corruption has been reduced but not to that extent that it should be and if we talk about black money than Indian people will definitely find the new ways to counter this.

And more over the implementation of demonetisation could have been definitely better. Our Prime Minister suddenly banned the currency in the evening due to which many people have faced a lot of difficulties. The one who were supposed to face trouble were quite comfortable with it as they were higher class and they have their agents and servants who were standing in the queue but the middle class and the common people had to go through a lot of difficulty, they had to stand in long question for hours to deposit their old currency in the bank and to withdraw the cash from ATM.

Within a Span of two to three days there were a lot of downfall in the trade and due to which our GDP also went down during that financial year.

But like every coin had two sides. Apart from demrit demonetisation has resulted in emergence of digital transaction and there is a huge shift towards electronic payments after the note banned. The electronic method of payments are gaining popularity among the common people and this was after the demonetisation only.

So the conclusion is that the the main aim of this demonetisation had not been fulfilled completely so the government should find new ways to eradicate corruption and black money from the economy.

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Sayali said: (Jan 19, 2018)  
Hello.

The banning of 500 and 1000 notes is a great step taken by Modi government but it is not implemented in a right way. Because of this only middle and lower class people suffered a lot. Rich people are not get affected. At the time of need, people had not get their money which was earned by lots of efforts. They had to stand in a long queue to exchange their old notes with new ones. This was a good step to remove corruption but the people whom should get suffered are not suffered anymore even they had not taken any efforts to exchange their money. They had exchanged their money without any limits and without standing in a queue outside the bank.

Nothing is changed by banning this 500-1000 notes. It's just like changing clothes.

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Sachin Singh said: (Jan 19, 2018)  
Hi guyss.

It was a great step taken by our government.

Large loss of black money:- this conclusion is painful the ass for black money owners having vechicles of cash undeclared and experiencing without spending any tax.

More and more businesses will be sorted those who accept paper money only such as small jewelers hotal etc.

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Sayan said: (Jan 19, 2018)  
I think corruption will still be prevalent. Demonetisation was like a temporary halt to corruption. People are coming up new ways to counter this. Most of the promised black money was unearthed but there still remains some and will always remain some. Peopel are finding new ways to counter these. Recent instances of tampering in currency chests in kanpur where 99 crores worth of old 500 and 1000 notes proves that corruption is just old wine in a new bottle. Involvement of bank officials and forging of fake records and use of deceased persons's adhar cards to channelise illegal money have been some ways that corrupt people have been using to stack up black money.

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Sridhar said: (Jan 18, 2018)  
Hello everyone,

Acc to my point of view, demonetisation is the right decision taken by the government in the part of developing our country. Many of them thinking that they got troubled because of the demonetisation. But, nothing comes easily.

Many of them thinking that it was not implemented correctly and it is failed. But I'm saying that it is a great sucees to our country. Because, may be it is failed to get back the corrupted money but, now our country going through digital. Because of the demonetisation everyone is going through digital payments like paytm, bhim. Etc.

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Lavesh said: (Jan 16, 2018)  
As we all know demonetization suffer a lot for middle-class people but it was a good move for eradicating corruption seemed to be flipped also decrease our GDP but we seem some benefits later definitely.

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Sarath said: (Jan 16, 2018)  
Hai Everyone,

I think that the banning on the Rs 1000 and Rs 500 notes haven't uprooted corruption from our Society. The idea was good, but the problem is sides with how it was implemented. As mentioned it was just like changing of clothes. Even our Govt says it was a great step towards corruption no one knows about any corporate who had affected by the demonetization. It was the citizens and small vendors who had adversely affected by the whole process.

Even the design of the new notes can lead to the circulation counter fake notes in our economy, as most of us are unaware about the specification of the new currency. Thus I believe that the idea of demonetization was good step for the growth of our nations economy, the implementation of the idea has adversely affected more than 80 percent of people in India.

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Aish said: (Jan 16, 2018)  
The move was great but it was a difficult thing to be implemented in this country with 1.3 billion. No implementation would have been perfect. This move in itself is a transforming one. Instead of focussing on bad results we must look the positive side.

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Pathan Shahebaz said: (Jan 14, 2018)  
Hello everyone,

According to me, it was a good decision taken by the government But when it was implemented, it didn't succeed.

I think there was a lack of proper planning before implementing this idea.

According to me, if it was planned proper and implemented in a proper way, then it would have succeeded more and the people who faced money problems during this period wouldn't have faced such issues.

By the way, it reduced some rate of corruption and I found that govt. Is taking good steps regarding growth, development and economy of a country.

Rate this: +9 -2


Jitender said: (Jan 12, 2018)  
Hey everyone.

This is Jitender, Acc to my point of view ban 500, 1000 rs was a good decision taken by our govt but not implemented in such a way. Because it was create a lot of problems for poor peoples, small vendors, middle peoples who daily suffers a lot for their survival, and fulfills their essential needs. As Modi govt banned 500, 1000 rs notes it was cause a lot of problems standing people in a queue for long hours, as their turn comes bank employee said that there is no more money, many families had pulled out their daughter marriages, some peoples cannot take medical help, some can't buy necessary items, foods This all problems came from demonetisation. During Demonetisation only middle families, poor people suffered a lot, rich peoples have a connection with bank managers who can easily exchange their money without standing in a queue The idea was good to eradicate corruption but not implemented in a very helpful manner. Till now one year passed but no positive result come out. Its totally just like a changing clothes for rich people who can use their own power for changing money Due to all these only common people suffered a lot.

At last, I want to say that ban 500, 1000 rs was not just a rightful decision if you surely eradicate corruption from our country, firstly made plans and ready to tackle problems that come. Because mostly govt plans which have been launch only middle people suffered a lot.

Rate this: +37 -7


Trisha said: (Jan 12, 2018)  
Hello everyone.

Demonetization was a great initiative taken by PM Modi to stop corruption. But it's implementation was a big failure.

Mostly middle-class & the lower class family were affected by this. They have to stand in long queue to exchange their old notes with a new one. For rich people, it was just like changing clothes they have great influence on bank managers and these bank manager exchange their money.

Also, there was a shortage of 500, 1000 notes in the bank and atm machines so even when middle or lower class people go there they don't get money. They suffered the most.

It also reduces India's GDP to 6.3%.

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Srikar said: (Jan 11, 2018)  
Hello everyone,

I am Srikar, in my view, ban of notes is just a filtering process to exclude the black money from economy, and what happens to hear is everything in white now, however maybe someone thousand crores caught as black, that is not even one part of what they expected, I support the statement "corruption changing clothes" hope new ways come to do the desired task.

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Prasanna said: (Jan 10, 2018)  
Hello, guys,

I am Prasanna and what I think that yeah demonetization was a brave step from our PM Modiji and I am also agreed to the point that I caused a lot suffer to only the poor and middle-class population of our country. But since as we Indians know that Congress were ruling India for so long and we have witnessed many scams from that time the corruption started spreading like cancer. He Mr. Modi ji has got only 5 years to do some serious changes so that we can have better future for us. Yeah banning of 500 and 1000 notes were looking like a giant step in order to eradicate the corruption but it didn't work the way it had to. But the step had to be taken there was no other way we could think that could possibly eradicate corruption from its root. So the step had taken and we suffered but at least what I see people now are getting aware of all these they are getting curious about how they can possibly avoid corruption on their own. This is what we need, we need to stop this from ourselves. Because the complete burnout of corruption is not possible. So we need to accept the steps if there's a little hope for a better future. We need to suffer a little as we are the people who wants this country to get corruption free. But the first thing to do is it needs not to spread from the oneself. Thank you.

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Mohammad said: (Jan 10, 2018)  
Demonization was a good step to take the black money out to remove the corruption but the execution was a complete failure they didn't able to provide the new notes on time because of that people suffered and no politician or rich people was standing in the queue there were only poor and middle class people who stood in line for hours, and most of the rich people have connection with the bank managers as we all know they changed there notes without standing on the queue and poor people suffered for their own money and just for few notes the execution was complete failure and now we can see it hasn't changed anything everything is still the same.

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Midhuna Eswar said: (Jan 8, 2018)  
It was a great step taken by our government to taken out black money. Demonetization is a great move but it was not implemented the way it should have been. Because of these change the general people in India they suffered a lotIn my view, banning of 500 and 1000 rupee notes is just like changing clothes for wealthy people because they changed their money without going to any bank and they do not stand in queue hours and hours in banks, they changed their money without knowing any pain. Most of the rich people had great connections with bankers and by their influences, they found it easy to change their money. Their black money was given to the middle class or lower class families to deposit to there a/c and after the end of Demonetization, it was taken back in any form. The only people affected are the middle class and poor ones. It was a shocking news only for middle and lower class people. They were standing in a queue hole day but at last bank employee announced that there is no cash available for today. , worrying for the cash they have just pulled out for their daughter marriages, no acceptance of old notes in hospitals. Middle class people faced lot of problems but rich people changed crores of money without any limit. The result after one year is in front of all. The execution was a complete failure. It is just a major setback of a very powerful action with no reaction at all. Therefore, can say that the system of corruption is still same it has just changed its clothes. But Everything cannot be controlled within a short period. Corruption needs to avoided, so we cannot able to destroy it completely. We have to process it and destroy it by step by step. . So before taking any serious action the government should sure that the medium class people and mainly the poor people will not get affected a lot. That's thier irresponsibility in an Indian economy the medium class people plays a very imp role. So, firstly make fully aware of them and then implement on that. Then it will be more efficient.

AGANIST:

According to me, Banning of 500 and 1000 is good move to avoid corruption. Everything cannot be controlled within a short period. Corruption needs to avoid, so we cannot able to destroy it completely. We have to process it and destroy it by step by step. This banning of 500 and 1000 notes is one of the steps to avoid corruption. I Accept many people suffered a lot by this action. First of all, everyone understands this, No pain no gain. We have to suffer a little to avoid some portion of corruption. Rich people are not suffered by this, I accept. But everyone must know how many currency notes are thrown in the dustbin and in the street. This money belongs to rich people. This is a just a warning to them, to pay their taxes correctly. Switching over to new note is also needed. We have to keep using our old 500 and 1000 notes for past 10 years. So it is time to change it. Change must come from us. If we behave and act in a right way. Everything will be right. So, conclude by saying that no pain no gain. We sacrifice something to achieve something. Thank you.

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Trushali said: (Jan 8, 2018)  
Banning 500, 1000 notes become just like changing clothes. This rule made by Modi Hi is very beneficial for decreasing the corruption but it is not managed in right way. Because of these change the general people in India they were suffering. To change something the difficulty is valid But there must be some system like there must be a system which could manage the queue And also the queue should give an idea about Which queue is less or which queue is longer. By applying these methods there may be not Any problems for general people to suffer.

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Chandu said: (Jan 5, 2018)  
Hello everyone.

In my view, banning of 500 and 1000 rupee notes is just like changing clothes for wealthy people because they changed their money without going to any bank and they do not stand in queue hours and hours in banks, they changed their money without knowing any pain but whereas for poor people they don't have enough money to change in banks per day only 4000-5000/- per member so due to this they faced lot of problems but rich people changed crores of money without any limit. I think govt had made this for abolishing corruption but it is not actually done even now corruption is almost all same before ban of 500, 1000 notes.

Rate this: +10 -7


Deepika said: (Jan 5, 2018)  
On Nov 8th 2016 Modi Jii told that 500 and 1000 notes will not be valid from 9th nov.

It was a great step taken by our government to eradicate corruption. Demonetization is a great move but its implementation is not good because the middle-class people are not able to meet their needs for hospital needs and all. But if we want the change in the economy we have to suffer to these things. There will be an impact in long run in the economy. So demonstration is a great move. The people will pay the taxes accordingly and there will be a rise in GDP and economic growth.

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Sushant said: (Jan 4, 2018)  
Hy everyone,

I appreciate and definitely find its true that banning 500 & 1000 notes is just a very powerful action taken but to be honest after one year of its implement anyone can hardly see any drastic changes due to it. According to RBI, 99.2% of floating money i.e. before demonetization has come back resulting in a very less or can be considered nil amount of black money is find out. Actually, the scenario is way more complicated then what it is as every person who carries money in a big amount never goes for paper money, he either invested it in business or in lands or in shares and other techniques i.e.no one carries money in cash therefore there is no major impact on them and let assume some may carry but believe me they definitely have figure out how to deal with it. The only people affected are the mediocre and poor ones standing in a queue, worrying for the cash they have just pulled out for their daughter marriages, no acceptance of old notes in hospitals and the count is countless. So I see no major changes in the society but creating a lot more of havoc in peoples only, therefore, to sum up, I can say that the banning of notes is a very heroic action taken by anyone after so long but the way it has done is not so successful because the result after one year is in front of all. It is just a major setback of a very powerful action with no reaction at all. Therefore, can say that the system of corruption is still same it has just changed its clothes now it's kinda pink.

Rate this: +29 -3


Anju Alphones said: (Jan 4, 2018)  
In my opinion banning of 500 and 1000 denomination note was actually a powerful decision because most of the black money flowing through our country was of 500 and 1000 denomination. The execution was a complete failure. There was no cash to exchange the 500 and 1000 notes. The middle and lower class people suffered a lot since they were unable to meet even there basic needs and hospital needs.

The banning of notes was a shocking news only for middle and lower class people. Most of the rich people had great connections, so they found it easy to change their money.

The greatest aim of this ban was to uproot corruption, but after 1 year of banning corruption remains the same. Fake notes are available.

So I must say that the idea was a great success but after its execution, it became just changing cloth.

Rate this: +20 -1


Aniruddha Roy said: (Dec 31, 2017)  
Corruption in India is in active mode since its independence. It is like some kind of gift from British Empire to us. Corruption are of various types and among them, the most popular mode of corruption is money. Suppose I go to circle office for any office work and approach any official person. They won't do until I drop some amount to their pocket. This is lower level of corruption where people deal in smaller denomination in general and higher denomination in particular. When we look corruptions such as passing a tender in someone's favour, the officials see no limit and place a higher amount which are transacted in higher denomination. Among all the denominations, 500 & 1000 were the most prevailing ones. To cut the line of continuity of this money giving system, I think it is a good step from govt to demonetize those currencies.

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Vemulasrini said: (Dec 29, 2017)  
In my point of view, all are correct but we are think in different sides of situation. The major of money come out from the corrupted people. But come out money directly not went there their own accounts in-between generated some mediator people they asked the corrupted people I change the black money to white money but what was use for me first you give me a some commision after I change the money black to White. This is one example of changed money black to white. There vary of techniques used the peoples changed of the money. I requesting one thing of govt of India this process have to take again again for atleast 2 years once time.

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Mukesh Maurya said: (Dec 28, 2017)  
In my opinion, Demonetization is like cloth changes. Many poor citizens faced problem in Demonetization, they stood in line hole day but at last bank employee announced that there is no cash available for today.

After that, all corrupt person changes his notes by setting to the bank manager.

At the time there is no effect in social all corrupt person still stole the many and purchase the plat and building.

So Demonetization is like cloth changing.

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Rishabh Gupta said: (Dec 28, 2017)  
Yes, I think demonetization was a great initiative taken by our Pm but it was not implemented the way it should have been. Its main aim was to curb the black money out of the pocket of rich people and break the parallel economy. It has helped to a great extent as news of currency being dumped into the river and being put on fire were heard. But I think the majority of rich people were able to convert their illegal wealth into white money through their links with the bank officials. Also depositing their money in the bank a/c's of the middle class and lower class people and giving them their part after demonetization helped them further.

One thing which could have been done better is maintaining a proper stock of new currency notes. As soon as the concept was implemented, banks and ATM'S went out of cash due to which people had to suffer a lot.

In our country, the problem is that everyone is of the opinion that our political and economic system is corrupt but when it comes to changing it but showing a little patience and support no one comes forward. Everyone was just complaining that they had to stand in question to get their money exchanged instead of showing some patience and feeling that they are contributing on their part to overcome corruption.

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Chakka Meher said: (Dec 27, 2017)  
I think demonetization is a good step and it is the first step taken by our great PM to avoid corruption. Though we cannot say that black money is completely gone we can say that it is reduced and lots of people are paying now taxes properly. And the people who suffered lot are the middle class and low class because it has become very difficult for them when they first heard the news. We as a citizen though struggled hard to avoid corruption we must accept it and do the things in a right and proper manner. We should not wait for a change to come instead we have to start the change with yourself. This as a citizen of India we have to do it for the development of our country.

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Prashant Ghodeswar said: (Dec 26, 2017)  
Hi friends, I am Prashant, and my opinion is that yes it is necessary to make some changes in an economic system. But before taking any serious action the government should sure that the medium class people will not get affected a lot. Because in an Indian economy the medium class people plays a very imp role. So, firstly make fully aware of them and then implement on that. Then it will be more efficient.

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Palani Jawahar said: (Dec 26, 2017)  
I think a ban of 500, 1000 Rs notes is a good action for reducing the corruption which was taken by our PM.

But due to some problems occurred in the execution of the action many of the middle class and poor people are the first affected one. Also, yet now there is no changes were made due to this action.

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Ankit Rana said: (Dec 26, 2017)  
No, I Don't think so because we all have seen that 99% of old 500&1000 notes were deposited to banks. And if they all were submitted then where is the Black Money? Actually, this money was given to the middle class or lower class families to deposit to there a/c and after the end of Demonetization, it was taken back in any form after giving them their part.

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Deepa said: (Dec 21, 2017)  
In my opinion, demonitization is the first step to avoid corruption. But I agree that the middle class and low class peoples affected a lot by this. Corruption could not be cleared fully by this technique. But it worked a little bit by saying that lots of money thrown in to the river and somewhere fired. All belonged to the rich people who were not paying their tax correctly. They were not legal money. They were stunned after hearing that news. Demonitization created a good impact on economy. Every citizen should accept this to build a better future. And I accept that behind this lots of difficulties are there. But as a citizen we should support this. And finally we have to support all the strategies for anticorruption.

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Karan said: (Dec 21, 2017)  
I believe demonetization will not affect the side-effect that is susceptible to the Indian economy, the Indian government should work toward the progress of poor people who are dying starving and each government comes with the motto to recover the amount of money they put on the slab. 500-1000 notes were not the reason behind corruption but the dark side of our political system is politicians who are playing with the emotion and expectations of the people. Demonetisation can't control corruption.

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Piyusha said: (Dec 20, 2017)  
Demonetization is a good step. I know low class and middle-class people suffered allot. But after this step, lots of money is gathered in the account. And properly taxes are paid to the government. That money is also used in the development of our country. We have to accept this change for our better condition and our nation too.

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Ashu Bhagya said: (Dec 19, 2017)  
Good day, According to me, Banning of 500 and 1000 is good move to avoid corruption. Everything cannot be controlled within a short period. Corruption needs to avoided, so we cannot able to destroy it completely. We have to process it and destroy it by step by step. This banning of 500 and 1000 notes is one of the step to avoid corruption. I Accept many people suffered a lot by this action. First of all, everyone understands this, No pain no gain. We have to suffer a little to avoid some portion of corruption. Rich people are not suffered by this, I accept. But everyone must know how many currency notes are thrown in the dustbin and in the street. This money belongs to rich people. This is a just a warning to them, to pay their taxes correctly. Switching over to new note is also needed. We have to keep using our old 500 and 1000 notes for past 10 years. So it is time to change it. Change must come from us. If we behave and act in a right way. Everything will be right. So, conclude by saying that no pain no gain. We sacrifice something to achieve something. Thank you.

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Radhika said: (Dec 19, 2017)  
There was control over corruption and funding of Kashmiri terrorists for an only short period of time after the demonetization. But if we talk about the present situation after 1 year of demonstration it is same as before demonetization. So for me, it is like changing clothes.

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Chaitanya said: (Dec 19, 2017)  
Hello.

In my point of view, demonetization is the use full think but the way it introduces is wrong. By introducing demonetization the black money will come out its right. But black money didn't come out whereas it converted into white money by a link directly with the banks. And the middle class are suffering a lot they even don't know about the demonetization people who know about it in middle class also suffering by standing in front of the banks to exchange the notes of 500, 1000. Demonetisation is for politicians and the big person so can easily convert their black money into white. So what I want to say is government should implement it in the correct way so that the black money will come out and the middle-class people will also be not suffer.

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Rajesh Yadav said: (Dec 17, 2017)  
So guys I think to fight against terrorism is more important then fight against corruption because I think all are aware that how the Kashmiri terrorist are giving the money to the Kashmiri citizens to throw the stones on the militants and they had the huge Indian currency and they were also buying the weapons from this currency so as our PM changed the Indian currency. That terrorist doesn't have the money to fight for Kashmir.

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Soumalya said: (Dec 17, 2017)  
It is just 10 or 20 percent of the total money what we have in our economy as a printed note. By banning notes, its true that some of the notes obviously obtained by blackers are destroyed, but its also true that the huge black money holders know thousand one routes to obtain black money, and its just a fraction of percentage of the total black money which is in the country, and rest is at Swiss bank, so it is just a dress change and nothing else.

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Vipin_Sagar said: (Dec 16, 2017)  
Hi Friends, I am Vipin. I agree with my all friends but here I would like to mention that:-.

1. Do we ask something to the government before implementation anything or government do the same?

2. Are people of India is ready for this change from villages, metropolitan and city?

We know that every reform has its limited benefits and more losses/disadvantages. Demonetization also is like that.

How can a government come with a reform without conveying any dialogue to the nation before implementation on it. It is like that a king of princely state ignore the suggestions of the people.

It has been 38 years when the last demonetization happen. From last 38 years, we are running the country with the corruption and black money. I know it uprooted the corruption from some areas of Indian states. But know the condition is same in some areas.

We have the shortages of the printing machine of notes. We have the shortages of running tools which can fill the gap between inconvenience and difficulties.

We know there is a huge gap between India and Bharat i.e. city and villages there is no such type of facilities as we are getting in city and metropolitan areas. We need to aware the people about that and its merit and demerit.

Note changing is not a medium to stop the all eligible things. Here, we need to change the current system and old constitution.

We need to change the education system, government machinery and corruption in government organizations. We need to change the ethical system that we are currently running now.

I hope we could change it then things can change automatically.

Thanks,

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Raj said: (Dec 14, 2017)  
From my point of view, demonetization mainly affects the poor people, because rich people easily exchange the new currency notes within a week by giving a extra money to the bank officials. But some of the poor people who lives in village side they even don't know about that demonetization because on before day only our pm announce this statement, so it will not reach to many of the poor peoples. Demonetization does not destroy the entire black money holders, it suffers only the middle-class people.

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Arav said: (Dec 14, 2017)  
Plan is good but the way of implementation very worst. In this changes, mostly affected for middle class and poor peoples, Its benefit for politicians into change our block money.

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Piyush Kumar Bhade said: (Dec 14, 2017)  
The main purpose of government behind demonatization were to curb the black money, terrorist funding and to break the parallel economy which were running with the replica or the fake currency in 500 and 1000 rs note.

Along with this the government also wanted to catalyse the digital India initiative by increasing online transaction and cashless economy.

But post demonatization all this dream get in vain because atms were not calibrated and banks were running out of cash which cause people ti standing in long queue, job losses of daily wage workers, poor peoples migrating to their home town. Notes thown in rivers, ATM running out of cash etc.

So this proved to be very disastrous for the economy of India with losses of jobs and shutting down of small scale and cottage industries.

Yes Police recovered some money but according to RBI 99 % of the demonatization currency (ie. 15. 36 lakh crore out of 15. 44 lakh crore) went back to the bank then what was the need of demonatization. And cost of printing notes were different.

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Nijith said: (Dec 13, 2017)  
Hi friends.

In my opinion, the idea of banning Rs. 500 and Rs. 1000 was good. But the way of implementation was not done properly. The government's intention was to end black money dealings and put a cap on corruption. At the time of this ban, the economy was not in the position to handle this change. Many of the lower class and middle-class people who did not have the access to cashless ways suffered a lot. The unorganized business sector faced a big challenge. Many of the small-scale industries and merchants forced to shut down their business. The government had to spend huge money to implement this change.

The result of this demonetization process was as expected. 99% and above money were returned to the government. Which shows somehow the black money got replaced.

The results could have been better if there was a proper planning made before the implementation.

In my opinion, it is good for our economy to replace the currency periodically. A particular currency can be given a specific lifetime. Say for example, Rs. 2000 currency valid only for 5 years then there will be no hidden storages of the currencies since everyone will be forced to use it in the market and get replaced within 5years. The timespan should ve decided and announced along with the introduction itself. So that there will not be any last minute rush.

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Rahul said: (Dec 13, 2017)  
Hai friends.

In my point of view, who was suffered is poor people. Because they were waiting for his own money and the other side politicians were escaped they direct link to banks and turned money from black to white.

Rate this: +6 -5


Tharannum said: (Dec 12, 2017)  
In my point of view, it is helpful to everyone because in this way, the whole black money in the India came out. I think it was a good decision.

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Amit said: (Dec 10, 2017)  
Hello friends.

I think it was the great decision by the government although it will take some time to see results of demonetization.

- According to news Rs 3 lakhs crore has been submitted to banks as black money which was not accounted, recently around 13000 bank accounts details have been giving to the government and they are taking appropriate actions against them who had the black money.

-Many people have disclosed their income after banning notes of 500 and 1000, now they will come in the tax circle who were not paying taxes earlier or paying less tax as much they had to pay. Till now only 1. 5% people of India were paying income tax.

- The fake currency has been destructed and terrorism and illegal businesses were running because of a huge black money and fake currency have been destructed and become useless.

- During demonetization many people of India have started doing cashless transactions who were frightened before for using digital transactions, it will be very beneficial for making India cashless economy.

Rate this: +18 -5


Alok said: (Dec 10, 2017)  
Hello friends.

According to my point of view, demonetization is a big step taken by our government to stop corruption. Actually, demonetization is a process of imposing a ban on 500 and 1000 notes. It is a major step taken by the government on 8 November 2016.

In my point of view, it is a good step. Actually, everything has some advantage and disadvantage. There is some problem faced by the people due to note ban, but after that, a big change can be seen in our Indian economy. According to the latest report by World Economic report, India ranked 40 in terms of economic growth.

The USA prime minister donald trump's daughter said that india's economy is increasing at a faster rate than ever. According to the latest report, our GDP has increased from 7.2% to 7.5%. At last I want to say that this is one of the major step towards the development of Indian economy.

Thank you.

Rate this: +4 -11


Mohan Mallidi said: (Dec 10, 2017)  
Greetings to all,

Ban of 500 and 1000 rupee notes is a good decision taken by the government to eradicate the corruption but the process was not done properly so many people got disturbed during the span of two months, but later on, the change started in the society in means of corruption and economy. But a ban of notes will not make India a corruption free but the people should change the mindsets.

Rate this: +2 -4


Ayush said: (Dec 9, 2017)  
Hello everyone.

Ban of 500 and 1000 notes was a good initiative taken by our government towards corruption. But it could not prove to eradicate corruption from our country where there are many people having crores of black money. As the statistics came that nearly 99 % money was being returned to RBI. These prove that all the black money has been successfully returned and exchanged by corruptors. The decision was somewhat fruitfull as many people were even caught with black money but in India where there are thousands of corruptors pulling out 100 of them would need to eradicate corruption and increase Indian economy. Morever, middle class and poor class people suffered a lot due to this one-night decision. They had to stand in long queue for days to exchange their little penny. Over and all it was a good initial step to deal with corruption. Hoping such decisions could prove worthy as middle-class people are the most sufferers of this root problem.

Rate this: +4 -2


Chandan Nayak said: (Dec 9, 2017)  
Hi friend.

This is Chandan.

I think this decision is good for our country, because not only for corruption uprooted another effect is against terrorist activity in the country. Stop the duplicate note.

Thank you.

Rate this: +8 -4


Elakiya Jeyasakthi said: (Dec 9, 2017)  
Hello friends. Actually ban of 500 and 1000 rupees notes is a process which created problems to the middle class and lower class people. Because they are persons who run their life with daily earnings. Due to this decision of the government. Those people can't run their normal life due to the money problem. The plan of demonetization is already known by the people who had black money. So the plan is unsuccessful for example. A businessman contains 133 crores 2000 notes in his house. How can the man get this money? After publishing the process of demonetization by the government how this man can get this much of money within four days? So I am concluding that government should take another step to ban the corruption in India. Thank you, friends.

Rate this: +14 -1


Elakiya Jeyasakthi said: (Dec 9, 2017)  
Hello friends. Actually ban of 500 and 1000 rupees notes is a process which created problems to the middle class and lower class people. Because they are persons who run their life with daily earnings. Due to this decision of the government. Those people can't run their normal life due to the money problem. The plan of demonetization is already known by the people who had black money. So the plan is unsuccessful for example. One businessman contains 133 crores 2000 notes in his house. How can the man get this money?after publishing the process of demonetization by the government how this man can get this much of money within four days? So, I am concluding that government should take another step to ban the corruption in India. Thank you, friends.

Rate this: +4 -1


Uma Maheswara Rao Behara said: (Dec 7, 2017)  
Hi friends.

According to my point of view, ban 500, 1000 notes are very good decision by the government due to the reduction of black money but the problem incurred is some of the people are face the so many problems because of the improper planning of government. Everything there must be some advantages and disadvantages are there but better results are obtained by releasing the 500 and 1000 notes are to be first which will results at good for ordinary people. Finally concluded that ban of the 500, 1000 notes are helpful for corruption uprooted. Thank you!

Rate this: +9 -5


Tushar said: (Dec 7, 2017)  
Hi.

This is a good attempt by the Indian government to reduce the corruption in India and make India digitalized (by making India cashless).

But it has several adverse effect also which government has might not notices. Banning 500 and 1000 rupee note government is trying to reduce the corruption in India but on the other hand starting of 2000 rupee note instead of 500 and 1000 rupee note this leads to the many problem for shopkeepers, rural people and many more who are doing small scale businesses.

Rate this: +8 -4


Manju said: (Dec 6, 2017)  
Because Indian banking system has got drastic changes and they got the cash flows at a high rate and then they used those to the lending purpose it was a good move by the government.

Rate this: +1 -1


Abhay Ahuja said: (Dec 6, 2017)  
Hello everyone.

Banning 500, 1000 note is good movement by the government. But, not gone as per they thought.

Because of this, Farmers, small traders are experienced very difficult to find the way out of it. Small businesses stop because of no cash in hand. On another side, big businessman is not worried about it. They are free from the process.

According to the government, 99% plus demonetize is back to the bank. That simply not possible without the accepting money of big businessman.

Government intention is good or bad that's doesn't matter. Because no black money is recovered from the demonetizing. And government should accept this. So, It just changing clothes like that.

But last, Because of that the digital payment increase very well. That's the benefit from it. On the black money part, there is no need of demonetization at all.

Thank you.

Rate this: +11 -4


Acchu said: (Dec 6, 2017)  
Hi.

According to me, when demonization of rupees 500 and 1000 Indian bank notes. On that movement farmers, workers, students are faced very difficult to exchange their old bank note to new bank note rupees 500 and 2000. They are wasting their time that movement.

And it is used to remove the black money. And used to grow our economic growth and collect tax on all Indian currency.

But after this demonization, it is a good effect on Indian economy.

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Sultan said: (Dec 6, 2017)  
In my opinion, it is very good try to uproot the corruption but it is not a permanent solution. it does not stop the corruption.it just changing clothes. Because after the demonetisation the bibing restart they take the money under the table for doing the work of people easily.

Rate this: +2 -1


R. Maurya said: (Dec 4, 2017)  
Hi friends.

In my point of view, ban of 500, 1000 notes partially uprooted the corruption.

It was not successful because, it created and applied suddenly.

No proper decision was taken because it was not discussed a lot about it. And we all know quick decision always can't be the best.

The second one thing is that, the mentality of ours. As we know, a huge of black money converted into white because of ourselves.

As we know clap can't be complete without both hands.

So we will also have to participate in this type of mission with the government so that the mission can achieve the goal.

Rate this: +13 -11


Amber Sharma said: (Dec 2, 2017)  
Hello,

According to me, the ban of 500, 1000 notes was a step to solve a bigger problem known as CORRUPTION. I think we agree on this to solve the issue the government had to take some or the other step. It did effect many middle class and lower class families but it majorly affected the high class and corrupted people. All I think is that corruption did uprooted.

Rate this: +5 -9


Swathi Sakinala said: (Dec 2, 2017)  
Hello!

According to me, banning of 500 and 1000 notes is like taking a step ahead to make corruption free India. But the major issue is middle-class families and poor people faced a lot of difficulties. As they are Middle-class and below the poverty line obviously they won't be dealing with lakhs and crores of money. They do have money in hundreds and thousands only! With the advent of 2000 notes, it really became difficult for these people. They can afford to have 2000 and they shouldn't use 500 and 1000!

It is also a major drawback as this resulted in the decrease of our GDP even.

Rate this: +23 -3


Jefri said: (Dec 1, 2017)  
Hi.

Myself Jefri.

In my point of view, this scheme gave us lots of difficulties, especially for the middle-class people. But I support the banning of 500, 1000. The worst thing is generation of 2000. So there is no gain we had from that scheme.

Rate this: +2 -4


Jefri said: (Dec 1, 2017)  
Hi.

Myself Jefri.

In my point of view, this scheme gave us lots of difficulties, especially for the middle-class people. But I support the banning of 500, 1000. The worst thing is a generation of 2000. So there is no gain we had from that scheme.

Rate this: +4 -5


Naresh Vj said: (Dec 1, 2017)  
Hi. What I feel personally it's just re-monetization (replacing old currency notes with new ones). Because of banning the country had faced a big loss, and there is a decline in GDP.

Not only this middle class and poor people faced very bad time.

As far as corruption is concerned it a good step but at the same time, country had to come up with great loss.

Corruption will be uprooted totally only when we remove it from its roots.

Stop giving bribery and try to contribute towards making India free of corruption.

Thanks.

Rate this: +9 -4


Vinay said: (Dec 1, 2017)  
Hi.

In my point of view, bann of notes created numerous problems to the general public.

Rate this: +3 -16


Saba said: (Nov 29, 2017)  
In today's scenario fighting against corruption is very important. Government is taking several steps against corruption. One of the step taken by our govt was banning 500, 1000 notes. This was a very big step against corruption. But the implementation was not done properly. There was large queues in banks for exchanges. It mostly hit the common people. Corruption was stopped for some days but it was not uprooted. Small-scale traders, workers were severely affected by this. Many companies were shut down which increased unemployment. Mostly the common people were affected by this. In media we saw so many old notes torn and thrown in rivers. Certain measures should be taken against corruption then only it will be uprooted. I think banning 500, 1000 notes didn't uprooted corruption rather it was just changing clothes.

Rate this: +80 -6


Sasikumar said: (Nov 28, 2017)  
Hi friends.

In my point of view, demonetization is a good and better idea to avoid corruptions but the way of implementation is only lacking this process, initially they must have the plan for implementation and new money distributions, we all know that after few days old currencies are floated in rivers and located in trashes, but at the same time some black money holders change their bulk money by the aid of some bank managers.

The proverb is best suited for this process is "Don't step in the river without knowing its depth".

So, I concluded that was the best idea for eliminating black money if this process has some scheduled plans unless it is not better.

Rate this: +11 -1


Subaksh Bargujar said: (Nov 28, 2017)  
The corruption is sort of impossible to be uprooted, my economics faculty has told us that'' a little corruption is necessary to make the economy run. Firstly, I could not understand what he's trying to say but later on, I got something from his words. We can only try to smooth the corruption level and that's what Modi led govt did.

The step of discontinuing 500 and 1000 rupee notes was just taking some sort of corruption out of the economy and let everybody aware that this govt won't allow the bureaucrats or the so-called industrialist to do simply what they want. Earlier these people were leading and making us follow them which is certainly not applicable.

Why we are debating on 500 and 1000 rupee notes. It's the long-term effort and we should think on those levels.

Rate this: +8 -1


Ankur said: (Nov 27, 2017)  
I believe that demonetization has uprooted corruption and Black money usage up to some extent as we have seen that few after 2-3 days the news has announced the old currency notes in bundles were floating in rivers. If demonetization wouldn't take place that money would have been used for some corruption purpose.

Rate this: +1 -7


Mohit Dwivedi said: (Nov 27, 2017)  
According to me, I guess the planning was good but the implementation was not. If the implementation was good then the middle-class people don't have to suffer and not to stand in a queue. There was so many ways govt can handle this like if they can just inform the banks that they have to work for more hours to handle the chaos that was going to happen but they didn't. Most of the banks instead of exchanging money they just told us that we don't have money and they took all the money to help someone they knew. They didn't care about we the people who are struct in a queue for hours so at last I just want to say that this step didn't make any difference.

Rate this: +5 -5


Don said: (Nov 26, 2017)  
Changes are important for the growth and development of any country.

But corruptions cannot be completely uprooted by such measures as it is in ourselves and within the change in ourselves can be the solution.

Rate this: +14 -3


Juhi Khurana said: (Nov 25, 2017)  
I believe that the banning of 500 and 1000 which took place on 8th November 2016 was just changing of clothes as although the notion behind it of removing corruption and black money in India was good but the implementation part of it didn't work well as 86% of the currency which was in circulation was brought to a standstill because of which a normal man faced a lot of problems and the purpose behind banning it was also not fulfilled as 99% of the currency was exchanged.

But, the positive part of this whole act was it promoted digitalization in India as this was the time when the use of digital currency increased and people started using apps like paytm etc. Also to promote digitalisation at this time government launched BHIM app. It was a big step in a country like India where people believe in having more of cash in hand also I would appraise the government for the reasons they have for banning this big currency notes in India as it helped in reducing terrorism too.

Rate this: +12 -2


Smith More said: (Nov 24, 2017)  
I humbly respect all of your views and opinions as they are your personal. But as far as I am personally concerned I think that banning 500 & 1000 notes is just changing clothes. Because the purpose behind this was to curb and also discard the black money and corruption from the society which I feel the government failed to do. This is because news of demonetization got viral on social media as well as news papers much before the actual activity took place which help the big shots to convert their illicit money into legal by investing them into property and gold equivalents. Not only this but also people in certain cities and states started depositing their old currency in bank much before the government made an official announcement of demonetization. All this led to failing of the activity to achieve its purpose and also the failing of government in purging the black money and corruption from the economy.

Rate this: +25 -9


Abhishek said: (Nov 23, 2017)  
I think demonetization has uprooted corruption to some extent as it takes out the counterfeit currency from the market some of the black money holders has disclosed their income so that they can get some percentage of the money after giving tax and yes it is the bitter truth but most of them had exchanged their black money. But demonetization helped to growth digitalization as it saves time.

Rate this: +5 -4


Dss said: (Nov 23, 2017)  
Banning 500, 1000 notes was one of the orders passed in the "Demonetisation" scheme. The main purpose of the step was to uproot corruption from the country. I indeed, feel that this is a progressive step to achieve the above objective.

In the fist place, banning the above currency notes would compel the black money holders to immediately replace them with new ones. The corresponding bank transactions would be kept track of by bank officials, and the guilty one would be punished.

Secondly, it would also lead to a decline in corruption, since serving money to officers to fulfill demands would be risky.

It would also lessen corruption by preventing the manufacture of counterfeit 500 and 1000 notes, which has been prevalent in many parts of our country and even across the country borders.

Not only this, but this new step would also hinder the conversion of black money cash to gold or property equivalents, since even gold purchasing would demand a copy of PAN card for purchasing gold worth more than 2.5 lakh.

These assumed procedures, if sincerely followed by everyone- both government and people, would surely relieve the country of corruption soon.

Rate this: +10 -7


Damayanti Bose said: (Nov 22, 2017)  
According to me, it is nothing but just changing clothes. Corruption never stops in India. It finds its own way to spread out. Banning 500, 1000 notes will be a temporary solution to stop corruption but is not a permanent solution. New notes are coming to the market but in some places its also fake. Blackmoney is everywhere. Under the bed, in wardrobe, in a bathroom. Indian govt can't change India's atmosphere in one day by banning notes. If India govt can change people's mindset then corruption will be stopped.

Rate this: +35 -2


Pritha Parida said: (Nov 21, 2017)  
Hello Everyone,

According to me, it was a correct decision which has been taken by our government, though the execution was little haphazard, the preparation would have been little better but with that, the time span was too short. I don't know about black money but some the money which was been stacked in some secret cupboards, wardrobes has been mannerly deposited to banks. Though common middle class people were suffering from some shortage of cash. But a brave decision and courageous decision was been taken.

Rate this: +9 -11


Kunjal said: (Nov 19, 2017)  
The ban of 500 and 1000 notes was neither the complete uprooting of corruption nor the complete change of clothes. It was somewhere between the two but more towards the uprooting of corruption. The decision was bold and courageous. There was apprehension regarding how everything will work out but it was peaceful to a large extent. All the notes that were stacked up in the cupboards of people have finally entered into the formal banking system. It was, without any doubt, a step in the right direction.

Rate this: +7 -2


Sanjeeb Kumar Behera said: (Nov 17, 2017)  
Corruption can never be uprooted completely by such measure as it is a tendency of humans and only a change within ourselves can be a solution.

Rate this: +23 -4


Anantha said: (Nov 17, 2017)  
Hi friends, banning 500 and 1000 rupee notes is good step that government has took for to eradicate corruption in our country. By this, the people who are corrupted can be recognized and also the government did that job. Doing corruption is a big mistake. The money which is useful for the people, they are corrupting.

Rate this: +14 -6


Vaishali Motewar said: (Nov 14, 2017)  
Demonetization was one of excellent initiative taken by government. It is beneficial for removing black money from our country. This was a overnight decision. But I think its execution disturbed people a lot. According to me its advantages are so helpful for our country economics. But middle class family faced to many problems.

Rate this: +42 -3


Pratik said: (Nov 13, 2017)  
Demonetization, it was not the proper decision by our authorities, I think because it was overnight decision and nobody was prepared for that huge decision and even authorities was not prepared for this huge and new decision, and because of this decision people suffer, people loss, and still nothing change.

Rate this: +15 -21


Raman Kumar said: (Nov 11, 2017)  
Demonetization was one among the excellent initiatives of the government because it can help them in curbing black money. By doing so many corrupt people money have been wasted like a heap of rubbish. But at the same time I too think that the idea of bringing 2000 rs note into use is absurd.

Rate this: +11 -7


Rahul said: (Nov 11, 2017)  
Demonization was brought into action for several objectives which are:.

1) To curb out black money.
2) To stop the funding of terrorism.
3) To swipe away the fake currency running in the market.

But due to several slacks in the implementation, this step had mixed outcomes. First of all, banning 86% of the running currency without having a single note to replace it was a huge mistake, which made people suffer in lines as we all know. Also, the step was taken around the sowing season, the farmers suffered too but provided they could use old notes to buy seeds and fertilizers.

The government thought that a major amount of black money will come out in the open but the stats say that 99% of the regulated money has come back to the banks showing that only 1% was the black money which is a big failure. People found out loopholes to save their black money by several means. Also, there a big mistake in printing new notes. The new notes were printed in a shape longer than the older notes which made it a tedious task to put them in the existing ATMs for which government had to hire big number of engineers.

But there were positive outcomes too, the demonization led to stop the funding in terrorism because large proportion of money got banned. And the fake currency also got swept away due to the ban.

Rate this: +116 -7


Kusumashree said: (Nov 11, 2017)  
I would like illustrating by comparing it example, when continuous conflict is between couple of people it is better to stop the discussion, and analyse what is the reason from starting point,

Similarly Indian govt has taken demonetisation to prevent further corruption, start to get new currencies, and take effective steps.

Rate this: +3 -3


Divyanshu Nagar said: (Nov 10, 2017)  
Demonetisation was a bold move and it was intended for good cause of uprooting the corruption and it did in fact help government pulling out a lot of black money and now many people are afraid of collecting black money but it's not the permanent solution because corruption is not stopped definitely not uprooted since as we all people corrupt people are not going to stop by this we are going to take some serious action against corruption for uprooting. But still it was a good decision according to me yes I accept that many people especially in rural areas were facing a lot of troubles but we can't avoid the fact that it did bring a lot of black money out. And we all know that if we want to get something we have to lose something.

Rate this: +6 -2


Chetan said: (Nov 10, 2017)  
I would like say that the demonetization is the big success of the the Government off course it fell behind to adjust with people and people suffered a lot with this changes. If it is well planned and action oriented to the changes it would be a great historic achievement.

RBI announced that the 98% of the banned money returned to the bank. In this 98% of all money it includes the black money also. Somewhere in conversation of this black money to accountable money the poor people got bit benefit of it. We are new born puppies we hope demonetization will give us bright and economical future.

Rate this: +2 -1


Dr. Vineetha Aravind said: (Nov 10, 2017)  
Demonetization is a bold step taken by the Government. This brought an accountability to the money held by people. Even though many people complain that the step failed because people hoarding money were able to make it white by offering commission to poor people, but the point to be noted is that what now everyone have is white money for which they have to pay IT. Now no one can evade paying tax now. The suffering of common man was negligible compared to its benefits in the long run.

Rate this: +6 -2


Megha said: (Nov 9, 2017)  
Coming to my view, Demonetization is a good step taken by government. But without proper planning and implementation it could not lead to be good thing. Government need to adopt the failure in the implementation. No one suffered. Neither the one who has done his daughter's marriage with crores of budget nor the corrupted people!.

Only the "common man" faced so many problems for the exchange of their honesty earnings. RBI itself announced that 98% of banned notes back to the bank. I am quite wondered that within 1.324 billion population, corrupted people having only that 2% black money.

With having all the powers government failed in recovering black money within the country. How could that be possible to bring the money from Swiss banks.

First win at home before you go to conquer the world. !

Rate this: +57 -8


Shyam Mohan said: (Nov 9, 2017)  
Friends in my opinion it would be a big success if it was well planned and well executed. Also follow on actions should be taken by the government to bring out the fruit of the demonization. Unfortunately the government failed to do so, there was less following actions to prevent fraudsters from converting their money to white. Also 4 people has to suffer a lot in converting their small savings. Big place also seem to be using this small income groups to convert their money to White and giving them a small tip. So my dear friends in my opinion it was a milestone step by the government but failed to reap its fruit.

Rate this: +3 -1


Subodh Kumar Singh said: (Nov 8, 2017)  
Hello reader,

In my opinion banning 500 and 1000 rupee notes is a big and bold step taken by our Prime Minister. Not Every Prime Minister could have done that if he was at same position as Modi ji was after Surgical operation decision which makes everyone of us proud. So we should not discourage by it. We all talk about the suffering which common man has to face after demonetization but we should remember the fear it has created among the Black Money holders. Yes it could have done in better away but don't you think that if it wasn't announced like that it would have the left the gate open for these looters.

Rate this: +2 -10


Mayank said: (Nov 8, 2017)  
Hi everyone. In my opinion banning of 500, 1000 notes somehow helps in uprooting the corruption from our country. As it helps in stops the black marketing for sometime. And it stops the production of duplicate currency. The main motive of demonetization is to stop the terror funding and I personally believe that government succeed in this.

Rate this: +4 -3


Nikita Gupta said: (Nov 7, 2017)  
The aim of demonetization was to drag out all the black money reserves maintained by rich class. And this decision showed positive results to a great extend. This proved to be a powerful step but not a great one. There are several reasons to it. First of all, our poor class suffered a lot. Exchanging their small cash savings by standing in queues and lack of new currency notes was a backfire. There were also few instances where rich uses poor for exchange of money by offering a small amount of commission. Last but not the least, our people are in habit of making black money deposits and this has continued even after demonetization.

I do want to support demonetization on regular basis but pre-steps should be taken for our poor class so that other may not get benefit out of it.

Rate this: +25 -5


Anand Prasad Ram said: (Nov 6, 2017)  
Demonetization was one of the major decision in today's economy. Banning of 500 and 1000 notes though was a good decision to stop corruption but the fruit was not that much sweet of what it should be. Initially the result was good but as the time passes a huge amount of money has also been wasted. Later it was also found there was a fall down in GDP. So I will say that 55% is against Demonetization.

Rate this: +6 -0


Sweety said: (Nov 4, 2017)  
Hi every one,

In my opinion, due to demonetization corruption is not uprooted instead it has increased. PM Narendra Modi brought this demonetization in to action to curb black money. There are many reasons that led demonetization to fail, 1st thing is normal and poor people are more effected than the rich ones.

Second thing is rich people got their notes changed by offering commission to mediators or through the direct source. Poor people got their money exchanged after hours and days of waiting at the bank gates where as rich got it just by sitting in their ac rooms.

And moreover government has not given the proper picture of the amount that has been caught in this process. And the way that they've spent it. Coming to the main point how did the political leaders got their money changed? and amount that they've changed? no 1 had any idea about this. I conclude it by stating that the demonetization is just a drama to gain fame and to attract people.

Rate this: +47 -10


Sravani said: (Nov 4, 2017)  
In my opinion, it is a big loss to our country. Due to demonetization poor people has effected more than others. I think to avoid corruption This is not the process. There is nothing is changed due to demonetization only just we seen color full and quality less notes. The decision taken by PM is not good for our economy, I don't have why these politicians are playing with the life of normal people just I hate all politicians. Any scheme won't change corruption, they have to change their self.

Thank you.

Rate this: +14 -19


Cheguvera said: (Nov 4, 2017)  
Demonetization was introduced by the Modi government in order to curb black money but it couldn't achieve its aim due to many reasons firstly this change affected the middle and low class people to an extend the government should have made the availability of notes more easy and the quality of the notes should have been good and there have been news that the new 2000 notes are being damaged and the 98 percent of our money has returned to our banks and there has been latest news from them RBI Governor Raghuram Rajan that he has not supported the demonetization and all this shows that respectable PM Narendra Modi has plotted in favour of the rich.

Rate this: +4 -4


Dakshay said: (Nov 1, 2017)  
Good morning everyone !

No, the corruption can't be uprooted from India after Demonetization. Because the processes of Demonetization involves the person who is corrupt, and there is full exchange of old currency with the new currency at a commission of more than 30 %. This commission is a bribe. Corruption in every mind of humans in India, which can't be controlled by implementing new Rule in the economy. Corruption can be uprooted by realizing them, the impact on each section of India. I do not think Demonetization is a part of any uprooting of corruption, the India is still in the same phase.

Rate this: +5 -2


Vemuri Himadhar said: (Oct 31, 2017)  
Good evening everyone. I am Himadhar Vemuri. Here Demonetization is done only for middle class and the poor people they used to loose their salary at the time of Demonetization. They are having too much of stress to balance their life. The others like politicians are got exchanged by the bank managers by giving the extra money. So this is not too much good to do like this. But the PM used his idea from the Demonetization to eradicate the black money. Thank you.

Rate this: +7 -2


Ban 500, 1000 notes - Corruption Uprooted or just changing clothes!

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