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

Yes, of course, Demonetization is a bold decision to curb black money taken by Modi government. And the decision has been taken at that time when Internet revolutionary is on its high, which will not only uproot the black money available in the form 500 & 1000 currency notes but empower country people digitally also. Now the topic is that "corruption uprooted or just changing clothes" then I am in favor of corruption uprooted because it has withdrawn the money which was hoarded or deposited from illegal sources of income. It is a lesson teaching for those who made black money by their black deeds, it has set up a fear in dishonest, there is no doubt in saying that it was necessary to step, but it is not sufficient to cause black money is found in the form Real estate, gold also. That also needs to be cracked down. And making people aware of digital transactions specially in rural areas. How to make secure digital payment that's needed as well as important.

Hii, guys I am sanjay.

In my point of view, The government will try to take incredible decision to change our country's Bellow poverty classes people to something better position through the corrupted black money in our country which has in a hidden way but I still say that its not working because of that main root of corruption is who create this word of "demonetization".

In the time, when we can't use of ban, not of 500 and 1000 Rupees notes poor people are facing so many problems to face the changing the ban notes in local banks and have so many conditions to change its.

But I can't see any RICH person in the line of changing notes. Because they have already settled his way to convert BLACK money into WHITE through consult the bankers.

In the say of my way this not at all black money which without pay the tax have in our country.

Black money is which have outside of our country on similar like that swiss bank holder of our politician and businessmen.

The Government banned the notes with the aim of reducing the black money flow. But, they take the decision without proper planning and its effects. Because of this decision, common people suffered more than the rich and corruptionists.

Most of the small industries shut down due to most of the transaction occurs in the form direct cash flow and daily wage earners are losing their employment due to lack of direct cash which affected the economy during that period. The printing cost of the new notes is the additional burden to the Indian economy.

The aim of the government, to reduce the terror funding and accountability of black money partially reached. But the major corruptionists like any business mans, political people already exchanged their money and also the one who has the wealth in the form of gold, land is not at all affected.

With the demonstration government simply changes the old notes to new notes with adding colors with very fewer benefits.

Hi every one,

In my opinion, due to demonetization corruption is not uprooted instead it has increased. PM Narendra Modi brought this demonetization in to action to curb black money. There are many reasons that led demonetization to fail, 1st thing is normal and poor people are more effected than the rich ones.

Second thing is rich people got their notes changed by offering commission to mediators or through the direct source. Poor people got their money exchanged after hours and days of waiting at the bank gates where as rich got it just by sitting in their ac rooms.

And moreover government has not given the proper picture of the amount that has been caught in this process. And the way that they've spent it. Coming to the main point how did the political leaders got their money changed? and amount that they've changed? no 1 had any idea about this. I conclude it by stating that the demonetization is just a drama to gain fame and to attract people.

Hello everyone.

Ban of 500 and 1000 notes was a good initiative taken by our government towards corruption. But it could not prove to eradicate corruption from our country where there are many people having crores of black money. As the statistics came that nearly 99 % money was being returned to RBI. These prove that all the black money has been successfully returned and exchanged by corruptors. The decision was somewhat fruitfull as many people were even caught with black money but in India where there are thousands of corruptors pulling out 100 of them would need to eradicate corruption and increase Indian economy. Morever, middle class and poor class people suffered a lot due to this one-night decision. They had to stand in long queue for days to exchange their little penny. Over and all it was a good initial step to deal with corruption. Hoping such decisions could prove worthy as middle-class people are the most sufferers of this root problem.

Hello Friends,

According to my point of view, Demonetization was the excellent plan to got black money back. But what will government do if the mentality of the indians are corrupted. Getting black money back is not only the government responsibility, it's ours responsibility too. It was us because of this plan failed. It was us because of which gdp decrease from 8 01% to 7.11%. During the demonetization period the rich people makes their setting with the bank employees and only suffering faced by the poor people. It was very difficult for poor people to stand in the bank line for many hours.

But demonetization has some positive effects too. Because of this, at least poor people learn to makes their account in bank and they got knowledge about bank and interest. And also After demonetisation, villagers, local vendors and farmers are slowly getting used to digital transactions. Once they get used to it, they will realize it as a mode of advancement.

Everything has its positive and negative aspects. When we are on the edge of making decisions we must consider the maximum positivity of the taken step or decision rather than finding negativity through some disturbing perception. So as I go through this opinion I can say it's a little but good step taken by present government when no step had been taken ever before. Through this, a minimum amount of black money can be counted but it's better rather than counting zero. Also, a vast number of people from some parts of rural India steps into the banking system. It sounds good when we are talking about financial inclusion, an indirect one. But also I say that the step should be taken after measuring some possible mess so we could easily skip some problems faced by general working people faced during the demonetization. Yaa it's like changing clothes but sometimes changing clothes with new clothes change the perception of viewers. It's a good step.

Demonetisation has not been able to create the effect it was meant for :

-> The initial propaganda attached with the move was to eradicate black money. Though, 14 trillion out of 14.3 trillion rupees of notes scrapped are now accounted for, which means the black money hoarders have proved adept to launder black into white. apart from using phony bank accounts, corrupt bankers made sure to make the way comfy for big guns.

-> Demonetisation saw a spike in deposits in Jandhan accounts but a couple of months later stats suggest those were mere proxy deposits and money is being withdrawn at an even higher rate.

-> Another stated goal of demonetization has been to fight counterfeiting of currency. It is estimated that 250 out of every million note are fake and often claimed as a fuel for terrorism. This may be effective for short term but it is almost impossible to completely eradicate fake currency with current security features of note.

Hello everyone.

In my opinion; there are so many people suffered because of the ban of 500 and 1000rupees notes economic growth also fell down a lot of people losing their jobs because of this. They have to stand all the day to change the money. Some of old people loss their lives die to standing all the day because of lack of proper arrangements. Of course lot of corrupted people caught red-handed. It is very easy to get change the black money into white through many ways where as it is difficult only for common people. The factories also run on losses because of this demobilisation. Almost one year we faced lot of problems. It maybe success if the government took proper facilities regarding to this.

And also we heard in the news that one person thrown the money into the river and one man flowed the money from the car on his way.

As an Indian we should have a responsibility to improve our countries growth so please don't corrupt thank you.

Hi everyone,

On 8th november 2016 the decision taking by the pm of demonitize the old 500 and 1000 notes helps in eradicating the menac of corruption and black money to high level in nightmare only. Becoz firstly it is not taking the by keeping in the mind what it will leads to counsicounses to the poors who buy all the daily stuff and poor people. Secondly in India almost 2% of the rich people and builders holding 90% of the country income and no one is seen standing in the question of bank. Thirdly introduction of the 2000 note instead of 1000, will it reduce corruption? Before a suitcase carry 20 lacs now the same suit case carry 2 crore now you tell me corruption is going to increase or reduced. And one more thing it's been 9 month had passed what is the ground report of demonitization. How much amount of gdp has liftedup or how much black money came back to RBI. Government failed to tell. They are saying counting is still in process.