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

In my point of view, as demonetisation was a welcome move as above mentioned by one of my friend it needs courage because government is aware of problems regarding to banning of 500 and 1000 rs currency but as we are heading towards positive aspects this step is taken to counter flow of counterfeit currency it is stopped for very extent and stopped funding to terrorist group there are no reports during that time related to any terrorist attack.

And as we all read the news that on that time there are some cases that a large amount of cash is drowned in rivers and there are cases too that a large amount of cash is transferred to relative to whom they didn't talk from many years they get cash.

So the conclusion is as for what cause it has happened the objective is achieved for some level they are able to restrict the flow of black money.

Hello, everybody!

I believe that the banning of 500 and 1000 rupees notes and the introducing the new 500 and 2000 rupees notes is certainly a major step in curbing the black money transaction in India and hence corruption. Although many short-term problems were experienced like standing in a queue in banks and ATMs in the scorching Indian heat, I believe that this will help us in the long run. Also by this demonetization, the government has shown that India is gradually going towards a cashless economy with digital payment apps like PayTM, Mobiqwik etc now ruling the market. The advantage of this is the circulation of black money transactions will be reduced thus improving our economy and hence the GDP in the long run. So yes, demonetization has certainly been a step to uproot corruption but at the cost of some short-term sacrifices.

Hello friends,

We know change is always necessary. But we have to view both prospectives. The change gives advantages such as new technology, new experience and many more. Also have cons such as miss use, an economical burden.

As per my point of view when anyone trying to change a system then they should aware of the effects and solutions for different problems. When notes are banned by the government they are not at all aware of side effects from that. Actually, government systems are not prepared for such quick decision. Also, many non-literate people are. Apart from this students also faces many issues regarding college fees, accommodation fees etc. If government preplan all the event before the time it may result in a good growth of the economy.

As my point of view, the government failed to achieve the desired goal.

Thank you!

Hello everyone,

I am Sakshi. In my opinion, demonetization was a powerful step taken by honourable prime minister Narendra Modi on 8 November 2016.

It's was very good step by the government to take out of black money but their result was bad.

As we know many peoples have to face a problem there were around thousands of people standing outside of the bank and ATM in a long queue and we saw only that people standing who don't have a black money no one saw the rich people stand in a long queue.

People suffered a lot of problem in that time. There was a shortage of new note of 500 and 2000 in the bank. The ATM was also empty in that time. The net server was also down in that time but what was the result how many people were found out who have a black money.

So in my opinion, demonetization is just changing clothes.

Thank you.

Hello everyone,

According to me, it was just like changing clothes because changing 500 & 1000 was of no worth.

What happened Is poor suffered a lot in this situation and people who have black money and corruption still continued after banning the notes.

In news, we have seen that the black money is been getting burnt but it is complete waste I can say that money was fake and person who owes that money is sitting in his AC room and enjoying the situation.

Poor farmers, import, export, share market was complete to down pecking and there was problem everywhere and still corruption was at it place bank managers and workers of some bank taking bribe and depositing fake money or I can say black money.

Conclusion is poor suffered as they were loyal and rich people enjoyed as they have power of money black or fake who care!

I believe that demonetization was a good move which was badly implemented. It came as a surprise for the citizens and in initial days it really created the image that the black money would be brought back. The current situation gives this projection as well, as almost 97% of the money has come back as well.

But if the government aggressively cracks down on the people's bank accounts which got large amount of money deposited, there is a fair chance that people with black money can be caught.

Also, there were loopholes in the implementation which led to people getting their money converted to white money. People bought money using that cash, got it deposited in their relatives/servants account for some commission and later withdrew it.

But its still not late and correct approach can help bring the corrupt people to justice.

I think this is a great initiative taken by our honourable PM. For those who are considering this decision a rapid one let us have a quick recap of 6-7 months prior of its implementation. Modiji took the campaign of linking all the accounts of every citizen with the respective Aadhar cards thus providing a window for the government to see clearly through the account of the common citizen. All the other plan such as pension yojna were steps for the implementation of this ban. Now talking about its impact, there were many reports of people caught with black money so wasn't it fruitful. Apart from it, there was a sense of fear in the heart of common people who were corrupt and which was necessary. It's also our duty to help a person who is working continuously working for our benefit to help him rather than criticising him.

Good Evening all,

This Nishi Raju.

Demonetization was one of the biggest currency treats that our country faced. It was implemented on 8th November 2016 under the Modi government with the main aim of reducing the corruption. In my point of view it helped the government to reduce corruption but not completely stop it. This is because most of the people invested their black money in real estates and also in other assets such as gold etc. But when the 500 and 1000 Rs. Notes were stopped the day to day activities of the most common man was unmanageable. The process was a great cost to the government but a proper outcome could not be received from it. The next day after the demonetization was announced the BSE Sensex and NIFTY fell over 6%. Hence the overall idea was just another level of changing clothes and nothing more.

Hello friends,

The sudden ban of 500 and 1000 rupees notes was like an avalanche for those whose pockets were stuffed with the black money. Yeah, when PM announced that 500 and 1000 notes are ceased to be a legal tender much middle class and lower class people were ready to face all kinds of problems happily as they just wanted the corrupt people to be ruined. But I don't think this step was that effective because these corrupt minds have far more powerful networks than that of PM's web. The scenario is still the same, only thing is the technique of corruption is changed. It's very difficult to uproot corruption from present India but still, we have confidence in our Respected PM.

At present, I personally feel that the ban of RS. 500 and RS. 1000 notes were unable in uprooting corruption it is just changing clothes.

Hi,

The topic is just as interesting like a cheese on a pizza.

In my opinion its just like changing clothes or flavours in a ice cream.

Now if someone has to take a bribe the minimum demand would be 2000. That's so great Modi Ji.

In India there are 649481 villages, even if we assume 100 people in a village, there are around 5000000 people who are totally unaware of this change not because they live in villages but because they are illiterate.

Firstly our Govt should teach how to walk rather than just saying RUN.

I don't think corruption is minimised, it may happen that it has been postponed.

If we are bringing a change in the society, it is also important to make the society understand the change.

It has just created problems for middleman people. Rich people are becoming richer, poor people poorer.

Thanks.