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

I would like to say that banning 500, 1000 notes does not mean that corruption has been uprooted. It just means that the massive amount of money that was hidden earlier has just become unusable. The mentality of using corrupt means still remains. Thus it has just changed clothes. But that doesnt mean that this step by the government has been in vain. This step has ensured in some way that people will be apprehensive from now on before engaging in corruption practices.

I would like to add that no doubt demonetization was a great step by our government, but I just want to know that BJP government has taken this step and has backed with some other things, And bring back the black money was their primary motive which wasn't fulfilled in fact the outcome was good but it was not what the BJP government primarily wanted.

And the point i.e. corruption has reduced tremendously but was not the after effect of Demonitazaton, but it has helped it a bit. And I would also like to appreciate the fact that Modi government took such a step which changed everyone's point of view but not to forget the fact that when demonetization took place still some people managed to get the currency changed. HOW?

So people's point should be changed and not the currency. Even after changing the currency we know that there is corruption then whats the use of the problems that we have been through.

Hello friends I think you all are right.

I agree with you all, demonetization was a very good decision but if 98% money is back to the rbi then where is the black money I think this is happen because every people wants black money back but many people doesnt wants to pay tax if we can't change ourself nothing will be change.

Hi all, I would like to say that demonetisation is a very good move by the government to fight against the corruption but it should be done in well-planned way as we see middle-class family and poor people were lot affected by it. It leads to loss of many life and on the bitter note I will say that government failed in their motive too because RBI gave statement that more than 98% of money back to the bank so where the black money is gone and the only benefits am seeing that we get rid up of old notes with names and no written on it and we can say that it is just a changing of clothes.

According to me, Demonization is, just a threat that the government has took, but in the reality it says that, 98% of the currency has came back to the RBI, so the demonetization is successful. But the flip side of this statement is, Does only 2% of the money was Black? No, The cheaters have, unique ways of investment in property and all. So, they are on the shore of safety. So, moreover, the effects of demonetization is short-run exactly. But it outweighs the effects of long run. Soo, a monetary economist says that banning a currency which is more than 70% in circulation is not feasible for a developing country like India.

The step was taken by our prime minister for decimate the corruption was good but not even more. The way of implement Demonetization was not proper because it torched to middle and lower class family's they bear this unwantedly. The corruption is still rife and rich become more rich so Nothing is changed by banning this 500-1000 notes. It's just like changing clothes.

Hello,

I am Abinash.

In my views, demonetisation has neither uprooted corruption nor changed its clothes. It has just became created a trend. Before demonetisation, farmers used to get low incentives and even today they are suffering from the same problem. Rich is getting richer and poor getting poorer. However, it has provided a digital model through which India can progress. Less reliance on cash transactions has increased and almost all govt services are made available online.

The way I see it, corruption has not been uprooted by banning 500, 1000 notes. As people were able to exchange their black money against new notes. So we can say that idea of eliminating corruption through banning notes was right but the way it was implemented was not right. It made the situation worse.

Hello Everyone, I think corruption is just changing clothes after demonetization because the step taken was not planned efficiently and it had a very short-term effect on corruption. There is no doubt that a huge amount of "Black Money" is retained but the corrupt person always finds a way to get it back.

RBI announced that the 98% of the banned money returned to the bank. In this 98% of all money, it includes the black money also. Somewhere in the conversation of this black money to accountable money, the poor people got bit benefit of it. We are newborn puppies we hope demonetization will give us bright and economical future.