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

There were some people which is having black money with them by banning these notes corruption will be diminished.

Actually, I am satisfied with this decision, it seems like they done to show that government is working, but it effects us in various ways. As totally banking scheme has been changed (charges even on the small transaction), it is not demonetization of money it just demonetization of poor people or you can say general category people. It causes a hike in price and note availability in the market.

Hello everyone,

This is Shreya. Demonetization was introduced to combat corruption from society. I have one question from all of you. How much government has recovered the black money?how many faces of corrupted people come in front?Does it really reduce the corruption? The answer is No. So, how we can say it has reduced the corruption. In fact, the decision which was supposed to destroy black money, helped people launder it. According to data offered in the white paper published by the ministry of finance, about 4. 9% of black money held in form of cash. A bulk of the money is held in form of real-estate and gold. So this decision is just for changing clothes, not for uprooting the corruption.

Hello Everyone,

My name is Aadivya, in my opinion, Demonetization is a very good step to take out the black money, but the implementation was very bad.

As you know all there were around thousands of people standing outside of a bank in a long queue, which hits the middle-class people. No one can saw a Rich people standing in a queue.

As many of situation happens at that time like, if I am talking about myself. I suffered a lot. There was a shortage of new Rs 500 or Rs. 2000 notes in the bank. The atm's were almost empty for most of the time.

If the Atm's was refilled in a week. The ppl were gathered there in a bunch & about 1 km long queue was made at the same time. There is also a problem of server down happens. Sever downs for an hour.

So, demonetization is only a cloth changing!

From my side, demonetization is a most effective weapon to fight with black money, it is already used by other country and positive results is found, the same way in NDA government do the same activities but improper planning, I think they need more time to execute to success.

Hello friends.

In my side demonetization is correct (In the first demonetization means changing the currency) but, implementation of demonetization is not sufficient to process. Because most of the rural people suffer by the sudden stroke. But some good situation we are facing near future, the first moto of the demonetization is to come back the black currency, but in a real situation, we are facing completely difference. The NDA government totally fails by returning of black money.

So, totally the mission is collapsed.

Hellos, in my opinion.

I think that the demonetization is a very good idea but which is implemented in very bad manner. Due to which the middle-class ppl have to suffer the cause. As on November 2017 government Of India decided to ban the RS. 500 and rs. 1000 banknotes at midnight. And orders to change there notes in a bank with a new note of RS. 2000 and on the next day there is a long queue in banks to exchange the notes. But in many banks, there are not sufficient notes of rs. 2000 so ppl had many problems. No Rich people stand in a queue who had black money. There is no change given to the ppl who went to get the basic daily needs item in the market because there is lack of RS. 100 notes in the market and new rs. 500 notes are not available. So I think there is lack of planning before implementation of such big decision. Government Had to laugh rs. 500 notes with RS. 2000 notes. Economist also thinks that this is not the good decision for the GDP, which is true because GDP goes down. At that time. But demonetization plays an important role in making India cashless. Because it increases the online transaction. So in my opinion, demonetization proves to be a very good decision if it was implemented with better planning.

Hello guys,

Demonetization happens to reduce fake currency, reduce corruption and to reduce terrorism. And its proven right because of demonotization tax collection has increased but as it is planned it didn't results like that. Still people is carrying fake money.

Yes, of course, demonetization has left its impact on Indian economy but what was expected it is not happening.

Hello everyone.

The process demonetisation is one of the effective processes to cover and get back all black money. Finally, we have seen nothing changed. It was initialized in the Congress ruling time but not implemented. There was a big voice against the demonetization when Congress ruling time. Even Mr Modi tweet this does not favour in our country. But currently BJP govt Mr. Modi implemented the demonetization of banning 500 and 1000 rs notes. The intention might be a good way. There was quote Mr. Manmohan added after the failure of this process. Bz everyone pointed out this process was initialized by Manmohan period. He said there was different the major operation who done by doctor or compounder. But the implementation happened really worst. It should not be harm peoples. The govt should think about the peoples who are living in India. But it's really hit middle-class families. We have seen almost 1 km to 2 km peoples are standing in the queue to withdraw their money. No one can be seen high-class peoples standing in the same queue and so many places Latti charged by police. It's clearly saying there was a loophole in the process before implementation. As my opinion, it's just changing clothes.

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.