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

Hello everyone good afternoon.

According to me, the ban of 500, 1000 notes step taken by our PM Narendra Modi Ji is very good step because its positive impact on our economy shows in future.

Demonisation has both its advantages as well as disadvantages. Starting with.

Advantages this will remove black money that was held by various businessperson/traders in bank accounts which consist of 86% of total black money which is of no use from 8 Nov 2016. Biggest advantage if diz is that black money ultimately come in our country banks accounts which will help our country to use that money in the growth of agriculture sector/rural areas development nd overall growth of our country. It also affects the various illegal activities on our country like terrorism.

About disadvantages, some people die because of this decision and mainly affected agriculture sector/transport/import-export/GDP growth because of the sudden ban of notes.

Working people have to wait for long hours in bank to get their old currency notes exchange but beside this.

One can conclude that this step is really a good step our country growth.

Demonetisation, in my point of view, is a very good initiative taken by our honourable prime minister. It is a first step to eradicating the corruption, though it may not fully uproot it. So before criticising about what he has done (i.e. Demonetisation), we must participate fully for its support. For any revolution to take place, we have to handle some problems.

We must make an active participation in it.

This step has given a shock to a lot of rich people who had black money. A lot of black money came out during this period. Therefore I would conclude by saying that a minor portion of corruption has been uprooted by the banning of 500 and 1000 notes.

India is one of the large country, all political leaders are fully corrupted except 1% are not corrupted.

But this situation Modi decision is good but not applied correct way, BJP is also one big national party and corrupted party no doubt about it.

Hello friends.

According to me, the demonstration is a good step against black money. But like a coin, everything has positive and negative aspects. The positive aspect is that the peoples from rural areas came to known that what is banking and how it works and came to know that our country is going to be the change we have to change with them.

Atleast they come to known what is going in our country. And the negative aspect is that this demonstration didn't affect too much on rich people. Because rich people have their direct contact with bank officials they changed their currency. But the real problems were faced by normal peoples. Beacuse during demonostration period people had spent houres and houres by standing in que for changing their currency.

Thank you.

Hell, everyone, I am Sree.

I think there is no use of demonetisation in our country.

What the govt did after banning the 500&1000rs notes it invented 2000rs notes which is more flexible to store much mone illegally.

According to me, our honorable Prime Minister is continuously trying to eradicate the corruption, but still, he is not able to do so. Recently, he discards all the illicit taxes and apply only one tax i.e. GST Because lots of corrupted people were not giving their proper tax to the government. That's why our govt had to increase the market price due to getting less number of taxes. And another reason was to reduce the black money as soon as possible. It is good that Modi takes the concept of scrap 500, 1000 notes to uprooted corruption and parallel economy which is based on black money and unaccounted money. He is trying to make "digital India" by eliminating taxes, demonetisation, by making Swachh Bharat Abhiyan any many more things. On the other side demonetisation is not good for poor or middle class people. They had suffers from many problems like they were not aware about demonetization, so on 8th November when they heard about these, they were shocked. They had to suffer a lot. They had been standing in a long queue in bank, waiting for money and still so many peoples do not got money at time. At last I just want to say that corruption will never end in India. Corruption would again begin with new notes i.e., 'It just changing clothes', by the way, political parties does. It will never end.

Hii everyone, according to my view point, this is a very good and strong step taken against corruption by the govt of India. If every employee in the bank did their job with honesty the result would have been better, since some of them helped to exchange black money made the poor class peoples suffer.

& lack of newly printed currency, also it is the responsibility of government to take strong action on them and make this step help the poor and against corruption. And thus it became golden step in Indian history.

In my opinion, it is a very good initiative of government for reducing the corruption. Although it fail to achieve the expected results I think it has an impact over corrupt people too. I think it is an indirect warning of the government to such people so that they can come on the right track and serve to the nation.

First of all demonetisation was done before in many countries such as Nigeria, Soviet Union. Australia, Pakistan etc. And the results were very bad. At least our govt should make a proper plan before announcing any decision.

Many of you don't know but before many atms used to dispense 500 &100 rs notes but few months before demonetisation each atm started dispensing 1000rs notes.

It was just a publicity stunt as 2019 elections are comming. If we see the speech of our PM he has just been announced the decision to the public not in the parliament.

And the next day he just flies to Thailand and Japan. It's not fair. Is our honourable PM doesn't have any of the 1000 and 500 notes or he is changing them in Japan.

Post demonetisation there were many cases of police catching crores of new notes. Where are they from?

And one Gujarati man surrenders with a black money of amount 800 crores.

It's just like a game in which common man is going to suffer adversely.

No one has given the figure that how much black money has been caught.

Our Ex-PM Manmohan Singh who is a Great economist. Former governor of Reserve bank stated 2 days ago - Demonetisation was not at all necessary in India.

The banning of 500 and 1000 denomination note was aimed at a social evil that is dragging our country's economic growth- the corruption. But it adversely affected the society because of its improper implementation. The common people and the entire economy struggled a lot after demonitsation. The post demonitsation period lagged behind the expected growth. For what it was done just happened the opposite.