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

Hello guys, I am Bavita, and in my point of view ban of 500 and 1000 notes are not just changing clothes, it is a step or initiative to fight against Corruption. Demonetisation is implemented on 8 nov 2016. Through demonetization the main purpose of the govt was.

-to collect the money from the market.
- to decrease the inflation.
- to capture the black money.
-to reduce corruption.

Yes, I m agree due to this, people were faced many problems, many people died in the queue, but we all know for a big step we have to take a risk sometime. I think this step was fully planned, I can give you an example -implementation of JHAN DHAN YOJNA. Means every citizen of India should have an account in the bank. In my point of view, this was also a part of demonetization so that they can exchange their money. Yes, implementation of it was not 100 percent.

Effective but this was very good initiative so we should support the thoughts of our government.

Banning 500, 1000 notes in our county last year has some very major effects. Everyone here already discussed 'demonetisation'. So, I will try to add few points regarding after-math of Demonetisation

Particularly, with the sudden change in the banking sector in our India, few changes has vast -ve impact on our system.

Certain reforms which were recently announced like cash transactions of an individual person are limited to 2,00,000/- only, and if some person does more than 2 lakh transaction is liable to pay the total amount as fine to the firm where he/she did the transaction. So, people of India are forced to do cashless transactions. Here there is another reform, If any citizen of India do digital transaction more than 10,00,000/ then he get notices from IT department.

So, what I want to infer is that in one way government is forcing people to go cashless, and in another way they are imposing extra burdens due to digital payments.

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.

Demonetization means banning of 500 and 1000 rupee notes by the Modi government. This bold step was taken by the government On 8 nov 2016. I would like to say that if a govt does nothing to uproot corruption, we blame that kind of govt but if this govt has taken some brave steps which were not attempted by any govt since the last so many years, we are still criticising the government So no matter what, we will always criticize the govt.

Demonetization was done with a view to reduce black money and increase tax flows to the economy. I agree that it could have been implemented in a better manner but it has been a good start. We might have faced problems like standing in queues for the exchange of old currency notes but I believe these are short term. The benefits to the economy are long term. People nevertheless always find ways like giving bribes etc. But I feel it has reduced corruption to an extent by increasing digital payments.

According to me ban of 500 and 1000 notes will not remove the corruption from India. It is in our blood. It can not eliminate only by government. If we want to eliminate corruption from India. First, we need to change our mindset. Everyone want to do their work on any cast even they are not eligible for that but they do their work through their power or money or something else. So first we sold to get rid of this type of dirty mindset. Then we can think corruption free India. We have one big benefit of notes ban all block black money came again in banking system. If government does not ban these note after 5-10 year India economy will collapse because black money mafia did black money collection very fast. So for sure after some time no one could save India economy. It has great step taken by government. People got some trouble with this but its doesn't matter if we want to get something we should ready for pay the price for that.

Hello Everyone,

As my point of view, Ban on 500, 1000 notes are just changing clothes. It does not have a single effect on the corruption. It was just a step to trouble common people. Black money holders have just got a chance to make their money white and the government and bank workers have fully helped them to do so.

Ban on the notes have just given a new rise to the corruption as for a government employee whose black money was wasted due to the demonetization he/she will now do more corruption to recover his/her amount and this amount will recover only from the common peoples, not from the high society citizens.

Ban on 1000 note and introducing 2000 was not a better idea to stop the corruption. Corrupt government officers who were taking illegal gratification of 1000 will now take the gratification of 2000. It means the corruption has double due to this step.

As my point of view, it's just changing of clothes.

Thank you.

In my view, this decision was awesome but the impelmentation was totally wrong. On 8th November 2016 in midnight banned 500 & 1000 are notes by BJP government As we know Modi said demonetization would be root up corruption Nd reduce black money but actually it did not happen. Because of implementation Nd planning was not well. I think Modi shouldn't have taken this step. Due to this, so many common people were suffering from some problems. This decision is bold but it's not sufficient step. May be many people were supporting Modi as well as abusing. Even I thought that this decision would be helpful for India. But how time files I mean after 50 days as Modi said there would be changed but I saw nothing changes, therefore many people converted easily converted their black money into white money by the help of bank manager. So finally, I would like to say if Modi needs to change Nd deployed India then he should well plan.

Hi friends.

Ban on 500 and 1000 rupee not is very courageous decision in recent years. It's aim to get India corruption free in financial means. Banks played an important role to perform that cumbersome task and it also perform well even in very inverse situations they perform their duties with full dedication and integrity. But the other government debt related to this decision doesn't do well like income tax debt we are expecting that they can verify the account holder who deposited much cash during demonetisation. Unless that all debt does not perform their duties how it is possible to make demonetisation successful up to some extent they only change their money. Govt can also instruct their concern dept to do their duties in their time frame almost 2 years going to happen no any outcome are there so very little corruption is uprooted I hope government may do some extraordinarily work to make demonetisation successful.

First, we should understand the different aspects behind the demonetiZation, after that, we can discuss it's failure. Aspects behinds, were-1- stop illegal funding, 2-stop use of parellel economy, 3-to know legal economy. And I think, if you are a true nationalist you will also support this. But the fact is that if we only think that if a step has taken it should have immmediate result. I Know We Were Unable to stop the corruption totally but somehow a message was conveyed that such action can be taken once again to take hold over parallel currency. This action of demonetization will be helpful for the middle-classs citizen as well in terms of taxes. I also at the same time understand the fact that we had faced many problems but we can do this much for our nation. Please stop doubting every thing, and if you are geniune and not doing things with a wrong intention you will be able to find the solution as well.

Thank you.

In my opinion, demonetization is the biggest leap towards the national development. Yes, the ban of 500 and 1000 Rs notes came as a shock to the Indian public, and yes, common man did face a lot of problems but we cannot ignore the fact that this decision also leads to the eradication of corruption to a very large extent if not fully. Nothing comes without a price, we had to pay the price of discomfort for a few days, but eventually good results have been seen. Now it is also true that people who are corrupted will always pave out a way for themselves, but because of this, keeping quiet and never accepting a change is not an alternative. I think a ban of currency was not a cloth changing game and even if it was, we still cannot overlook the benefits it did to the society and the corruption that it removed.

Hence we can say that it was one of the corruption freed changing decision that bjp government took on 8 nov. 2017.