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

Hi this is vignesh,

According to me, the ban of 500 and 1000 was the best way of finding the black money holders, this may get worrying only the poor people but not the rich peoples, rich peoples do the things of routine daily as usual so there is no beneficially to ban the 500 and 1000 the person standing daily in bank outside in queue. Even the old men and women, either they are trying to buy medicines or these problems, in my point of view, this issue might affected by poor peoples not the rich peoples.

I think demonetization is changing clothes because as discussed above black money is in form of gold, real estate, foreign bank accounts and people instead of depositing old currency in bank account gives it in charity or in a temple. The only thing which is tackled by this ban is excessive use of money in hand by people hence bringing a market supply of currency equal to the demand of people. Another loophole of this step is introducing 2000 rupee note which has raised inconveneince of people to get its change. Rural people are still unaware of how to make digital payment and how to open a bank's account which should come first as duty of the goverment to make aware about it first rather than banking to curb corruption.

In my point of view, this is the bold decision took by Modi government and it does not take place in proper manner, RBI is saying that they have released this much of amount to this state but there also rich people are getting fixed with the bank managers.

1. Most of the corruption is not in the 500/1000 notes it is there only in the real estate, business, productions. Etc.

3. The only one good thing happened after ban of 500, 1000 notes is people started using online banking, like Paytm BHIM, ETC.

Demonetization is actually a great job according to me because I think it's high time black money holders have to be caught and also hence they must suffer holding such money with money and conducting all kind of wrong businesses. Of course, every problem has its own advantages and disadvantages. A lot of poor people would suffer due to this issue as most of them do not have proper education and so they do not know how this digital payments actually work so government has to ensure that every single person is well aware of how it would work and or else they would suffer and it would do no good for our country also another problem arises where a lot of hacking is going on in case of digital payments so a lot of people would loose money easily. So government has to ensure that such situation are being taken care of. Proper security must be provided. One must not deny this wonderful step taken by Modiji because he was bold enough to take it which the previous ministers though they had made it they had not properly implemented it. So lets respect his bravery for making such a bold step towards creating a better India.

In my opinion, demonetization is the best thing which is done by Narendra Modi, By this, we cannot say that corruption is totally removed but can be reduced to a great extent. As we know that a coin has two sides, in the same way, demonetization has both advantages and disadvantages. By this corruption rate is reduced, a lot of black money will come out, that black money can be used in different fields like farming so that suicides will be reduced.

Narendra Modi wants to develop India as a "digital India", by this demonetization usage of apps like Paytm, Freecharge, will be increased. This means India will become as digital India to some extent.

Coming to disadvantages we must wait in queue for a long time at ATM's and village people don't know how to use this online transaction.

But we people wait for long time to take Jio sims but why can't we wait at ATM's for money? this is the question I want to ask.

Finally, my view is we must support to the government and we are educated so, we have to provide awareness to the people by conducting campaigns. He is the only one who tried to reduce the corruption. So, let him do and support him for the development of India.

We have a government system to take the actions against the frauds, criminals, terrorists and corrupted people. Still, the ratio of corruption is high in India. This is due to lack of awareness, corrupted authorities and sometimes because of us, as we are not loyal to are duties, we never follow any rules and regulations by which people on higher rank gets the benefits and we all suffer. We all have a habit of blaming others instead of doing our jobs. So according to me, this demonstration can stop corruption at some level for some coming years but there should be a way where the ratio of corruption starts decreasing or finished form the India.

This is one of the bold decision taken by the Indian government. According to me using this decision fake notes get nullified, black money holders has no chance to recover from this decision. According to the World bank India has largest black money listed country. So this decision took the nation towards the new beginning. Also funding to the terrorism is decreases. So we have to Welcome this decision.

According to me, the step taken by our honorable PM Mr Narendra Modi must be appreciated as at least he showed the courage to come up with such a unique idea. May be there was not proper planning regarding this but it is just the beginning and slowly and steadily it will improve. Everything has its pros and cons attached to it. So, we can look at its positive aspects. It has also created a kind of terror in the mind of the fraud people that now PM can do anything. When there was shortage of money or people became cashless many people made effort to learn internet banking which is more secure and can be regarded as the step towards digital India. Remember the man who moves a mountain begins by carrying away small stones.

Hello, everyone.

According to me, its very good and dare step took my our govt. Its 3rd note ban in India after Morarji govt. It definitely reduces corruption inside our country as well coming from outside also. This note ban destroys black money of all those corrupt people who does nothing accept corruption throughout their service. Also from this note ban Our Kashmir which is not stable for long come to track and life again become stable over theirs. Also, new currency note is very high tech and secure through fake currency note coming from across border stops.

According to me, the decision of demonetisation was the boldest decision by our PM in a country like ours, which works on almost 95% cash transactions. The idea behind it can't be questioned at all, as the pros were clear. Though some bank officials created cons which went against the move, but this planted a fear in minds of the fraudulent people that their deeds aren't safe enough. The move also made the use of plastic money and online transactions more than before 8th of November. Corruption will not stop with it, but black money will definitely be covered.

Therefore, I'll fully support the idea of demonetisation.