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

Demonetization is undoubtedly a good idea, but there should be some pre-planning organization first. Even though we had a few problems during those days but it eventually helps us to get rid of black money holders. As our government was taking such an idea's to demolish the black money, as a citizen of India we should be in favour of such a demolishing event rather than criticizing the government.

Hello, all.

I would like to add some points regarding demonetization every one says to reduce black money and to make India corruption less is it really works in our country no! there are lots of black money in our political people but no one is arrested up to now why because they exchanged their money before the announcement of demonetization and they put their money in business and games. Up to now government get the old notes 98.29% and remaining money no. The Whole burden of demonetization was taken by common people they waited lot of queues in front of ATM's to exchange their money and what about the village people for their agriculture media telecast all about this but no political people and no cinema stars were stand to exchange the old notes So corruption was not uprooted it's just changed clothes!

Hello.

The surgical strike on black money named as demonetization. After banning 500 & 1000 notes which occupied 90% of our total value & this %of notes availability having various form, like black money, duplicate note etc. There is a lots of a reason of banning those notes.

Return of black money wd their owner also, stop terror funding, boost the e-coms business etc. After banning, rs come as black money is around 4k core. A huge growth on net banking, & also influence the terror funding.

Yes, there are some mistakes also. It was not proper pre - planned decision, manager of reputed banks are also cheated with their nation as we all know.

A Few days ago when RBI governor said that, the 99%of notes as in form of 500 & 1000 returns to the bank. So there was a point where is so called black money. In the last one thing I should say that, if you change nothing, nothing will change. History repeats itself. As per my concern that was a historic step taken by the gov & history never comes as easy as we think.

Thank you.

Hello friends,

It's obvious that since government is doing something to get rid of black money will always have the main motive to do in favour of common people but doing things unstrategically doesn't makes sense, they thought that if they would successfully implement demonetization they can get rid of things like black money, corruption up to some extent, good economy etc etc but it didn't happen, applying such a large change in a country like India in one night and where peoples don't keep their money in banks would be possible.

The thing is there no fault of government neither the common people the fault is made by private firms like Axis bank who didn't follow the norms of demonetization and till end allowed the people's to exchange money, due to which the exact sinner didn't get caught and all gone wrong.

My opinion would be that government is doing things for the good of common people's but there are external entities too who don't want this to happen as they are the sinner, so government should do it with the right and the strict strategic planning so that it's aim should be fulfilled.

In my opinion banning of 500 and 1000 denomination note was actually a powerful decision because most of the black money flowing through our country was of 500 and 1000 denomination. The execution was a complete failure. There was no cash to exchange the 500 and 1000 notes. The middle and lower class people suffered a lot since they were unable to meet even there basic needs and hospital needs.

The banning of notes was a shocking news only for middle and lower class people. Most of the rich people had great connections, so they found it easy to change their money.

The greatest aim of this ban was to uproot corruption, but after 1 year of banning corruption remains the same. Fake notes are available.

So I must say that the idea was a great success but after its execution, it became just changing cloth.

People died during standing in a queue how it could be a good step? those people have marriages or some other events in their houses they didn't have money gov didn't make any plan for them they made it later govt every time provide solution when people suffered from it they didn't think it earlier Before implementing. I would say It was a foolish step.

In order for any plan to be successful, it is 1% idea and 99% execution and the same applies here. Banning 500, 1000 notes was a good initiative by the government but was not executed well. It helped rich people in converting white money into black money. Middle class people were the affected ones as they stood in front of banks in queues for hours and the rich people got their money changed into white. The only positive is that people started using online payment applications like paytm, bheem etc. For rich people it was just change of clothes, but still it left footprint in their mind that government can bring some other initiative to uproot corruption.

Good evening friends,

As much as I consider about demonitization so it's just changing clothes because after its being implemented only common people are struggling, but those have piles of money they have exchanged their money with the help of corrupt bank employees.

And ban 1000 and 500 Rs note and issue 2000 rs note it will increase the greediness of many corrupt people to stock this note.

After its implementation many fake note rackets busted so many people in own country don't know which 2000 rs note is fake and which note is real.

And also those already rich from corrupt money they have invested their money in purchasing assets in form of buildings, place etc.

Now many corrupt people also use bitcoin to hide their income and under the bitcoin government also cannot find the total money of them.

Yes, demonitization process is good for any country also for India because ban 1000 and 500 rs note definitely decrease the corruption but before implement, this decision government needed to do so much preparation.

I think the ban of 500 & 1000 notes is good up to a level. It will definitely reduce the corruption in India. The important point to observe that most of the black money is in the form of property like real-estate, gold etc. By this action the properties will not be effected. So, some more things to be done to eliminate corruption.

Hi all my dear friends,

As per My point View, our prime minister sir took good decision to overcome the block money, terrorism due to this Nov8 after all middle-class people sleep well like every day But the richest people who had a lot of block money they did not sleep well after demonitization, I thought all well know about the corruptionist leaders are change their money through Bank manager supports, so here Bank manager are corrupted. So developing the country Not possible by One person, It will depend on the all people who are living in this country. Modiji sir decision is so good but bank managers supports to corrupted persons the scheme did not work well. As Other Side The Middle-Class People Face A lot Of Problems to change their money and getting their wages.