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

In my point of view, this is worsed decision taken by Our Hon'ble PM Narendra Modi and team that I have seen ever. Our economy has so many mixtures of different categories of people that belong to our country. And I don't think anybody should have taken any steps which make their people and economy suffer badly. I respect the primary ambition to catch corrupt people, fake money and make our economy neat and clean but the only demonetisation or through demonetisation, it's not possible in our country. Because there are so much jobless, deficiency of sufficient infrastructure, illiterates, bad education even there are so many villages where education infrastructure and other basic requirements is not available properly, knowledge of technology, unemployment etc. We need to address them first especially, education to be must for all. Otherwise, it will be very difficult to upgrade or develop our country. The Economy is not only about money it contains education, infrastructure, awareness of technology, transparency etc.

Demonetization took place three times in Indian history, the last tym it took place on 1974 nd after that on midnight of 8 nov 2016. It was not at all an easy decision for our pm to make. Even he knew people would be facing lots and lots of problem, but there was no other option, it was to be done suddenly at once because if he mentions before a month, that such a decision is to be taken, the whole process would go in complete vain. Bt what was good to see was that our complete nation accepted it with a warm heart. There were no strikes, no burning of vehicles and tires nor blockage of the road. It is the law of nature every action has both positive and negative aspect. Yeah, we faced lots of problems, there were long queues in front of ATMs and banks but we common people realized that this is one of the most important step taken by our respect pm sir against corruption. India is a type of country which can't be a 100% corruption free but it can be removed up to a great extent, which our pm Modi sir has tried to do.

I think everything comes with pros and cons. Although the government tries its level best to eradicate corruption. But, I think the planning was not adequate. That's why demonetization has not a good impact. But, this is not only the responsibility of the government. This is the responsibility of all the citizen in the country. We cannot fully blame the government that demonetization is not 100% fruitful. Yes, middle-class peoples face many problems during demonetization but, there is also the good impact of demonetization like new taxpayers increases, the digital transition also increases (87 crores to 138 crores), after demonetization government cancelled the licence of more than 2.2 lakh fake companies, more than 7.5 lakh fake notes were confiscated, there is also decrease in terror funding.

In my opinion, this is the good step to bring black money. We know very well that corruption can't be removed in one or two weeks. And if all the citizen will take participation in it then becomes easy to do this.

Demonetization is something a kind very rare feat that anyone would probably take up at the macro level. It is really one way to curb and bring out the black money from the population. But as far as the results that have been on the market, the demonetization has been just like change of clothes rather than an end to corruption. Ultimately its not the PM or the President who is gonna eliminate or curb the corruption level. It should become the responsibility of every citizen of India and they must be determined themselves to stay away from these dark zone activities. They must be the active participants in making the country digital. Of course, there may be different opinions of each person but ultimately the result of each one thought process must be to have a well-developed nation rather than being called as a developing nation since the childhood of our grand parent's. Sorry if I was harsh at any one or been selfish. Thanks for the giving an opportunity to have a word on this important topic.

Hello.

First of all I'll really like to congratulate Mr. Modi for taking such a move which could have cost him his post and the trust among the people.

Now coming to the point that whether it has helped in bringing back the black money. Suppose that you are wearing jeans daily from 60 years without washing it and suddenly you realise that, oh, I have to wash it. Now, do you think or even want that the jeans are cleaned in the very first wash itself? I think NO.

Now, so how can we expect from the move to clean all the black money. And black money is not only in cash, in fact, it is divided into several parts like gold, land properties, Swiss bank etc.

So, demonetization of just h first move to clean the dirt and in that sense, it has not disappointed me.

Now if we say that due to that many middle-class people faced problems. So I will say that yes in some regions the implementation was not that good. But common its our country, atleast we can bear some pain for its well being.

Thank You.

Hello, everyone, this is Subham. And our topic is a ban of 500, 1000 notes corruption uprooted or just changing clothes. So here I want to say that the plan is good but the execution is very bad. Because of it, many ppl get affected mostly rural ppl and middle-class family. They have to stand in the queue for hours by leaving their work. Even when they don't have black money. Those ppl who have had black money they all converted in white money with collaboration with a bank or with the help of their friends and family so the result is that because of this demonetization only a few ppl get affected but most of them get back there money. And middle-class ppl didn't get any benefit after this decision after demonetization govt lunch one more that's called GST because of that many poop ppl are not able to fulfil their families demand. Because if they buy the costly thing they have to pay huge amt as GST. So overall its only affect poor ppl and middle-class ppl. Not them who has black money.

I think the step taken by our PM Narendra Modi ji is absolutely right. I am not saying that it will clear 100% corruption but somehow it will erase some percentage of corruption. And the people who are raising their voice against demonetisation should look once themselves in front of the mirror and should decide whether they are doing right or wrong and not only this people who are corrupted are only against the demonetization and not the poor people. I wants to ask you all why the poor people are against demonetisation?

Are they really not getting the new currency now also or if we talk of November Month? Before demonetisation, they were saying that we don't have money to even give good education to your children so now why they are saying all this? These all are politics and nothing else. The people who were standing in the question were not having any single money in their bank accounts. Now the question arise why the people are against demonetisation? It's an abominable question.

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.

On 8 November 2016 when our honorable prime minister Narendra Modi announced the demonetization, it means all 500 and 1000 rs note are not acceptable in the market that the big decision to anyone. I think its the good decision but its implementation is not good that is should be. Because after that decision our economy GDP goes 7% to 6%. By the demonetization, every people are affected. And I think most poor people are a blender in this process because if there is no money in the market so the poor people who based on daily wages. They are totally unemployed and for survive they have to stand on the long question at the front of atm. That the reason I against of demonetization. Our prime minister said by the help of demonetization we reduce the black money in the market. The fresh report of rbi is said only 1% 500 and 1000 rs are not back and the 99% get back in the bank. So I think demonetization is a good idea but its implementation are not like that it should be.

The process of banning 500 and 1000 notes is called Demonetisation. It was a great move took by the Indian Government. The process aimed to remove all the black money from the corrupted people. The honorable PM took a great step that old 500 and 1000 rupees notes would be valid for the hospital use only so that medical patients couldn't get harm from it. Moreover, there was a restriction on the purchase of the gold so that the corrupted people would not be able to save their black money. The astonishing step that was taken by the government resulted into Corruption uprooted. Because all those people having black money suddenly get this information and were unable to exchange their black money. The government took the smartest step that one can exchange their money only up to 1 lac only. Otherwise, they need to tell all the required information about the money. At last, I can conclude that there was a larger decrement in the black money from the corrupted people.