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

Any step was taken to make corruption free India, a country with a population of more than a billion would make things difficult for some people. And if no step is taken, we would again blame the government for its incompetence. So, there has to be a first step towards eradicating corruption. Also, the government gave an opportunity to everyone without bank accounts to open an account even with zero balance. Also, a chance was given to declare undisclosed money people had. I agree there was mismanagement. But when we do not follow government's instruction properly, we cannot blame them completely for mismanagement and chaos.

It is not easy to uproot corruption in India. We have hundreds of lack of black money in our country. Even if 1% of the money is deposited or captured, it's a huge amount and definitely not a bad start.

Corruption can be uprooted only if people change their mind-set. This move has also instilled a sense of fear in the minds of corrupt people. More of such measures (not exactly demonization) should be taken in the future to keep a check on it. We can be positive that in few years, we will be able to see corrupt free India. So, we cannot conclude that corruption is just changing clothes.

And we should not forget, this move is also a major step towards the cashless economy, counterfeit currency, terrorism, genuine politics etc.

I remember the night of 8th of November 2016 when PM Modi of nowhere announced banning of 500 and 1000 notes. From poorest to the richest, everyone was shocked. The next few days people were rushing to banks to submit their old invalid notes. While people with black money finding ways to convert it into white and many succeeded except few who set them on fire or threw them in dustbins or even distributed in form of acknowledgement.

The Black money came out in a different way but most of the black money was already converted into white that is in the form of property or gold.

Corruption isn't uprooted yet. After demonetization people have just found another way of securing their black money.

I will suggest that keeping track not only on the income but also on the property or gold a person has bought. Instead of starting it with lower or middle class, the upper class plus the government officers and ministers must be targeted first.

Good Evening all,

This Nishi Raju.

Demonetization was one of the biggest currency treats that our country faced. It was implemented on 8th November 2016 under the Modi government with the main aim of reducing the corruption. In my point of view it helped the government to reduce corruption but not completely stop it. This is because most of the people invested their black money in real estates and also in other assets such as gold etc. But when the 500 and 1000 Rs. Notes were stopped the day to day activities of the most common man was unmanageable. The process was a great cost to the government but a proper outcome could not be received from it. The next day after the demonetization was announced the BSE Sensex and NIFTY fell over 6%. Hence the overall idea was just another level of changing clothes and nothing more.

Hello everyone My name is Subhash saini from jhunjhunu Rajasthan.

Demonetisation is a part of clean India mission. It was announced our former PM shree Narendra Damodar Das Modi on 8 Nov. 2016 at 8pm. 500 and 1000 rupee note banned in our country. He wants to become stop fake currency and black marketing in our society. But corruption was not control in our nation so demonetisation is not 100/sucessful in our country.

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.

Hi friends.

I am Niveth.

According to my opinion, nothing gets changed. Everyone is saying that black money was found and change to white. A person who have black money he will be an influenced person he can easily turn black money to white money. I didn't see any rich people standing in front of the bank to change the money. I only have seen normal people.

Hello everyone,

According to my point of view, demonetization is the great step taken by PM Modi to stop corruption in our country because it is the main problem of our country.

But its not work in proper way because of this most of the middle and lower class family suffer so much. Thet have to stand in long queue to change their note and the other side for rich people its just like to change a cloth from the shop. They use their contact to the bank managers to change their notes.

Demonetization directly affects the poor people who stand in long queue to change their notes. They soffered so much.

Dear all,

Demonetisation of Rs.500 and Rs.1000 was announced by prime minister Narendra Modi on 8th Nov 2016, . It was a shock to the Indian public. The intention of implementation as said by the govt was 1. To curb financing of terrorist activities, 2. To stop the circulation of counter fiet currency and 3. To eradicate black money.

It was a welcome move, and was successful in curbing circulation of counter fiet currency and affected funding of terrorist activities, to some extent. It has also succeeded in reducing cash transaction and encouraged digital transactions.

But, the most affected were low and middle-class people, who suffered a lot standing in huge ques, some of them died standing in crowds and some died not withstanding the shock.

In my opinion, demonetisation has nothing to do with corruption, many of the black money holders had found their ways to exchange currency and govt did not take any stringent actions against them. As said by one of our friend above it is the intention of public having more and more and most of the times corruption is due to offerings by people, the anxiety of getting their work done at any cost. This can only be changed through a change in mindset of the public.

I think it was a nice step taken by Indian government in order to stop corruption because people who have lots of blacks are now becoming useless, nothing less than a garbage box. So I think it will definitely help in removing corruption from our country.

Hi, friends.

As my opinion, this is not only just changing clothes. I agree this is not fully beneficial to stop corruption. It also not reduces black money yet. But I believe nothing is better than something. I think government have different strategy they know this is not done in one steps. Now government have record of each and almost every person who changed these notes. They have one step ahead to corruption, to black money. This strategy is also helpful to government because mostly citizens help to become its success.

Thankyou.