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

In today's scenario fighting against corruption is very important. Government is taking several steps against corruption. One of the step taken by our govt was banning 500, 1000 notes. This was a very big step against corruption. But the implementation was not done properly. There was large queues in banks for exchanges. It mostly hit the common people. Corruption was stopped for some days but it was not uprooted. Small-scale traders, workers were severely affected by this. Many companies were shut down which increased unemployment. Mostly the common people were affected by this. In media we saw so many old notes torn and thrown in rivers. Certain measures should be taken against corruption then only it will be uprooted. I think banning 500, 1000 notes didn't uprooted corruption rather it was just changing clothes.

Hello, everyone.

In my view, banning 500, 1000 notes can't uproot corruption. Because no tax evader or black money holder interests to keep money in a bank locker. They will immediately keep their money in some business or on binamis or they convert money into foreign currency or even gold or some material form.

Of course I do agree that more than 80% of money in circulation are these banned notes. But they are in circulation among people but not with the tax evader.

Even if some people carried money we had seen news they got a suitcase of 2000 rupee notes while a common man was suffering to get a single 2000 rupee note.

So again the respective officials are far away from ground reality.

Finally, corruption free society can only be achieved by changing mindset of the people who give bribe for their own right.

Hai Everyone,

I think that the banning on the Rs 1000 and Rs 500 notes haven't uprooted corruption from our Society. The idea was good, but the problem is sides with how it was implemented. As mentioned it was just like changing of clothes. Even our Govt says it was a great step towards corruption no one knows about any corporate who had affected by the demonetization. It was the citizens and small vendors who had adversely affected by the whole process.

Even the design of the new notes can lead to the circulation counter fake notes in our economy, as most of us are unaware about the specification of the new currency. Thus I believe that the idea of demonetization was good step for the growth of our nations economy, the implementation of the idea has adversely affected more than 80 percent of people in India.

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!

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.

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.

Our Prime Minister Narendra Modi introduced the idea to ban 1000, 500 notes with the intention to reduce the corruption as people deposit there old notes in the bank for the newer ones and increase the GDP rate of the people. As of sudden like a flash, he put his idea of "Removal of 500, 1000 notes" into the public. There were many problems with the unavailability of the money at the beginning. People used to stand for a long time in Q's to get money. Keeping all aside, Do we really get any change out of it?

Clearly, my answer is NO. Its like, in order to the caught crocodile (People having black money) water (old notes) is cleared from the pond which leads to extinct of fish (common people) , as they might forget that Crocodile can even leave on land that is the entire hurdle is to the common man.

Coming to my view, Demonetization is a good step taken by government. But without proper planning and implementation it could not lead to be good thing. Government need to adopt the failure in the implementation. No one suffered. Neither the one who has done his daughter's marriage with crores of budget nor the corrupted people!.

Only the "common man" faced so many problems for the exchange of their honesty earnings. RBI itself announced that 98% of banned notes back to the bank. I am quite wondered that within 1.324 billion population, corrupted people having only that 2% black money.

With having all the powers government failed in recovering black money within the country. How could that be possible to bring the money from Swiss banks.

First win at home before you go to conquer the world. !

I think banning 500, 1000 notes its just a changing clothes. Because government does not make a proper plan for that, in cities people know the online transaction, but in villages poor people dependent on notes, and they not even know about online transaction, that's why because of banning notes they poor people facing problems like marriage, medical, they not have money that time and rich people have enough money to keep their life good way, and mostly corrupt people invest there 80%money in gold or land and only 20%they access and storing the money.

Because of that demonitization is affected are mostly poor and common people, and corrupt people enjoyed because they have lots of ideas to turning money to black to white. So I think that banning the 500 and 1000 notes it just a changing clothes.

Hello, Everyone.

According to opinion demonetization, a step taken by Indian government against black money and their holders is not an effective step, As we all know black money holder have their money much in the form of gold, private property and in SWISS bank account. So just by banning 500 and 1000 notes, we are not uprooted corruption because what is surety that with new currency there will be less or no corruption.

Hence by banning 500 and 1000 notes, we are just changing clothes because notes are notes.

Also instead of affecting the life of black money holder, it has shaken the life of whole Indian economy especially poor people who have their money in form of cash.

Lastly, we can say that just banning 500 and 1000 notes not a major step toward uprooting corruption.

Thank you.