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

Hai Friends.

Am Mannai Sathik.

In my point of view, the ban of 500, 1000 notes partially uprooted the corruption. According to the government, 99% plus demonetize is back to the bank. That simply not possible without the accepting money of big businessman the plan of demonetization is already known by the people who had black money. So the plan is unsuccessful for example. A businessman contains 133 crores 2000 notes in his house.

I think it's a good idea by our PM. The people who is having a money without document or proof store their money in various places. The minimum that money will go out of currency and the ad thing is that this money was may be used by terrorist or politicians to grab votes from poor people.

Corruption uprooted to some extent.

Don't you guys think that if the people of our country do not support initiatives taken by the government, it will always be in a dilemma to whether take more initiatives or not?

We all know that it was a very good initiative taken by the government maybe its implementation was not good but how many of us recall similar initiatives taken by the govt in the recent past. I bet not many or may be nil. Banning old notes and introducing new ones is a very courageous step in trying to remove corruption.

"Something is better than nothing".

It is really a very good idea of banning 500 and 1000 notes.

It is a good step taken by the government to ban notes. Before banning the corruption was at the high rate but now when see it seems to be difficult to do. It did the effect in much middle class and lower class families but it majorly affected the high class and most of the corrupted people. All What I think is, that corruption did uproot.

Demonetisation of 500 and 1000 rupee notes was a good step taken by our government but first what is black money- it is the money we dealt in cash but not paying its tax. It is the rooted problem in India, so many people not paying their proper taxes. On the other hand, the closing of black money directly affects poor and middle-class peoples and they suffer a lot.

Due to demonetization lots of money is gathered in the bank and proper taxes are paid to the government which is also helpful in country's development. It is estimated that at least 95% of the demonetised Rs 15. 44 lakh cr has already come back to the banking system.

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.

In my opinion, Domonetisation is the great step taken by our respected PM Modi sir. It helps some extent to eradicate black and corrupted money. We all had face problem after demonetisation but as time passes it gives benefits to us as we become habitual to go cashless while doing transaction and many more extent people started using digital apps to transfer money.

So it was great decision made by PM. It wasn't fully eradicate the corrupted money but it started the digitalization which was benefit all people to go cashless.

The policy of demonetisation is very good but the question arises whether it has been implemented properly or not? it can benefit our economy 10 years down the lane. But what about the present? had the government done a proper homework, this policy could have worked wonders. But obviously this was not the case. This policy which was supposed to reduce corruption in the economy hasn't really affected the corrupted people. Ironically, it made the lives of honest people miserable Instead of the corrupted officials!

Hi guys,

I'm Bindu.

In my point of view, demonitization is the major step taken towards uprooting of corruption. There are many pros and causes in implementing any decision. Similarly here, I agree that demonitization has caused some problems. But they are temporary. It shifted the people towards digitilization, which inturn controlled the mediators and corruption. It led to higher tax collection which improves the economic growth.

So, as per my opinion, demonitization doesn't completely eradicated the corruption but it reduced corruption to some extent.

According to my point of view, Demonetization partially helped to make corruptless India.

But I think banning of 1000, 500 could not worked as it thought the corrupted people are still same as before it affected only general people.