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

I'm Kishore.

Nowadays corruption is enhancing In our country. Suddenly, government took a decision has demonetisation cause to collect the black money but common people faced so many problems and that time not available money in banks. So much time waiting for money to near the banks otherwise some people are died. This effect is totally on every person corrupt or uncorrupted. Finally, this method is going to developing the country in our future.

Thank you.

It was very challenging decision of our government to make India corruption free. Our politicians and businessman have too much black money which is underground and they can't make it white within few days. So it was a good decision. And the second thing I would like to tell that it hammer next activities and terrorism in Kashmir because it will be funding illegally by Pakistan and China.

I'm Dev.

Ban on 500 & 1000 rs note it's not a cloth changing action. Our government took this decision on 8 Nov 2016 to stop money laundering and black money in India. Which was a very huge decision ever taken by the Indian government in last few years. Now if people say that it was just cloth changing then it's not correct because nobody can change a country in one day. So we have to wait for a time to see the final result of these changes. We can say that after demonetisation a very big part of black money recovered by the government till the time and they are still working on it.

Hi friends, it's really a good topic to discuss on, banning of 500, 1000 notes s not just changing clothes, though the government has implemented aiming at removal of black money, it really influenced on the common man. Every black money holder had taken his/her own steps. They made their life, money safe but what about an individual. Government has received only 30 percent of the money what about the rest.

Even the people who are the holders of black money can even link up with the bank employees by offering them bribe. So, the rest of the money what government is expecting is not back. Further improvement is essential in Demonetisation.

Hello friends.

Here, I will say that demonization of 500, 1000 notes is not just changing clothes. Yes, I agree on both major points that the idea of demonization was good and the implementation was not proper. But after demonetization govt has done a good job.

Let us take one example that you have one bucket which has some holes and one cannot see it by naked eyes after filling the water you realize that the bucket has some holes and then you can fix that holes. But you have to find that holes fast otherwise the water will drain.

Here also same theory takes place that the govt has made the policy which they think that it will work but after implementation, they realize that it is not working as they needed, it has some loopholes so then the govt tried to fill that loopholes by introducing new schemes for marriages and student etc. But the govt has taken much time than needed in implementing the schemes and that goes against the government.

Yes, at some instinct the demonization has done good work in decreasing corruption but not in the way that govt needed too.

Thank you.

If you have 500 or 1000 notes then frame it. It depicts an end of an era. The sudden, surprising and bold move by the government to ban the denominations of 500 and 1000 notes. It left all in panic. As we that every change /revolution need a bit of screifice.

A huge and costly dent on black money.

1) The prominent effect on that people who has the money in the form of currency. This will hit the unaccounted money more effectively because most black money is hidden in the form of 500or 1000. The ban will render the 500 and 1000 notes useless.

2) this move will enormously effect the terrorist org. And arm buyers so they can never be able to legalize the possesing money.

3) they can also be able to remove chunk of counterfeit from circulation.

4) the income tax dept. And bank also keep their eye on the big amount of deposit or tranfer to other account. The black money increases the inflation as the cash transation is most prevalent in India. This will tighten the noose on illegal and benami assets.

5) if someone want to return black money the can give and it will benefit the nation itself.

6) the new 500 and 2000 notes are more secure and difficult to fake.

Corruption just changing clothes.

1) this cannot be uprooted completely because it is human tendency and nature we can control it by just ourselves.

2) the only it affects the citizens and the small time corrupt people. The big fish escapes from small brushes.

3) most of the corrupt and imposter person are hide their black money in the form of gold, jewellery, precious stones etc.

4) The people will get another chance to make unaccounted money.

5) more black money than in India is stored in the tax havens and it nearly impossible to get that unaccounted wealth from outside.

It is a start. There is no panacea for the human tendency towards greed and corruption. It is not a victory but it is a victory nonetheless.

So it is demonetisation.

A big and very difficult decision taken by Govt on 8nov 2016. According to me, the success of eradication any problem in India or other countries completely totally depends on the way people think about that problem. It's depends whether they take problem as a nation level or they want to save only themselves. So, until we do not successfully change their way of thinking we are not being able to eliminate issues like corruption because every time when we try there are always some people in the system who help wrong peoples and we failed. But this decision taken by gov reduce corruption at some extent now.

All accounts are linked to Aadhar and pan card and gov have all records of money flow.

Another thing is digital paying system really make easy our life.

Ban on currency is an bold action taken by our government. It's reduce the rate of corruption because of scared of black money holder and their exchange of black money with gold or with property so decline into the rate of their respective price and also play important roles to reduction corruption.

In my point of view, banning 500- 1000 rs notes is a good step to uproot the corruption but the government had not taken strict action. Bank officer also dishonest. They help the rich persons to exchange their black money into white money. Poor and middle-class persons suffer a lot in exchange for their hard work money by standing the whole day in a long queue.

I think only one advantage was there,

1. A small reduction in corruption.
2. And the introduction of the digital payment system.

Govt had not taken this step at a proper time.

If Modi Ji wants to do this, the first govt must have to print a plenty of new notes by that people had not to face these problems.

So, banning 500- 1000 notes was just changing clothes.

Definitely it brought drastic decrease in corruption occuring in the form of cash. Money recovered by government is huge compare to the revenue. So I think it's not just changing clothes but it has made a singnificant impact in reducing corruption.

This bold step has created fear in the minds of corrupt people so that they will be scared of doing this again and might be cought in the hands of CBI.

Corruption involved in government departments are mostly eliminated because of demonstration.

Thanks.