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

Hi friends,

As we everyone knew that in this world everything has two sides good and bad. Demonetization was implemented on 8th November 2016 which created a boom in our country. Implementation of demonetisation was a good source or startup of reducing corruption. Although rural area people suffered a lots but for any startup of country development some or other has to face. Due to demonetisation there was huge shift towards electronic payment like paytm, bhim etc. This made the mode of transaction in easier way. Demonetisation also made corruption open eventhough it's not completely vanished but was a good step to reduce corruption. Finally, I would say for any startup to develop our country difficulties arises but that should be faced with unity.

Here are some interesting facts on the multi-dimensional benefits of DEMONETISATION:

17.73 lakh suspicious cases identified that do not match the tax profile.
Deposits worth Rs 3.68 lakh crore under suspicion.
2.24 lakh shell companies faced the axe.
Stone-pelting incidents in Kashmir came down by 75% from the previous year.

Just changing clothes didn't change the entire scenario the same thing happens after some days or years 2000 notes stored instead of 1000 notes.

Corruption not earradicated but it was just stopped for some days and the same thing is happeneing now too.

People see any change in todays country.

Hello Everyone!

I think it was one of the worst decision in Indian history. It was bad for Indian people, economy we still see result of it. From small villager to metro city everyone has faced many problems.

As far as corruption concern NOTHING HAS CHANGED. In fact all black money holder converted their money in white. The large amount of corruption happens in politics from Ministers to Government officials this amount varies from few to hundreds to thousands of Crore rupees.

So if you really wants fight against corruption and black money. Find the corrupt politicians, official who is still holding position.

Banning notes is not solution. Its like you think every single person in India holding black money at their homes. Instant of that just Identify the corrupt person and take action you have all power from CBI, ED, IT, Police etc.

I think the banning of 500-1000 notes, not a great step by Modi ji it is very painful for the village people to stand in a queue and replace those. Modi Ji again started 2000 notes which are again as an offer for the corrupt people.

Hello everyone.

In my opinion, demonetisation was a great move in the Indian history which was implemented by our government of India on 8 November 2016. The main aim for this demonetisation was to eradicate corruption and to remove the circulation of black money from our country but I personally feel that the corruption has been reduced but not to that extent that it should be and if we talk about black money than Indian people will definitely find the new ways to counter this.

And more over the implementation of demonetisation could have been definitely better. Our Prime Minister suddenly banned the currency in the evening due to which many people have faced a lot of difficulties. The one who were supposed to face trouble were quite comfortable with it as they were higher class and they have their agents and servants who were standing in the queue but the middle class and the common people had to go through a lot of difficulty, they had to stand in long question for hours to deposit their old currency in the bank and to withdraw the cash from ATM.

Within a Span of two to three days there were a lot of downfall in the trade and due to which our GDP also went down during that financial year.

But like every coin had two sides. Apart from demrit demonetisation has resulted in emergence of digital transaction and there is a huge shift towards electronic payments after the note banned. The electronic method of payments are gaining popularity among the common people and this was after the demonetisation only.

So the conclusion is that the the main aim of this demonetisation had not been fulfilled completely so the government should find new ways to eradicate corruption and black money from the economy.

Hello.

The banning of 500 and 1000 notes is a great step taken by Modi government but it is not implemented in a right way. Because of this only middle and lower class people suffered a lot. Rich people are not get affected. At the time of need, people had not get their money which was earned by lots of efforts. They had to stand in a long queue to exchange their old notes with new ones. This was a good step to remove corruption but the people whom should get suffered are not suffered anymore even they had not taken any efforts to exchange their money. They had exchanged their money without any limits and without standing in a queue outside the bank.

Nothing is changed by banning this 500-1000 notes. It's just like changing clothes.

Hi guyss.

It was a great step taken by our government.

Large loss of black money:- this conclusion is painful the ass for black money owners having vechicles of cash undeclared and experiencing without spending any tax.

More and more businesses will be sorted those who accept paper money only such as small jewelers hotal etc.

I think corruption will still be prevalent. Demonetisation was like a temporary halt to corruption. People are coming up new ways to counter this. Most of the promised black money was unearthed but there still remains some and will always remain some. Peopel are finding new ways to counter these. Recent instances of tampering in currency chests in kanpur where 99 crores worth of old 500 and 1000 notes proves that corruption is just old wine in a new bottle. Involvement of bank officials and forging of fake records and use of deceased persons's adhar cards to channelise illegal money have been some ways that corrupt people have been using to stack up black money.

Hello everyone,

Acc to my point of view, demonetisation is the right decision taken by the government in the part of developing our country. Many of them thinking that they got troubled because of the demonetisation. But, nothing comes easily.

Many of them thinking that it was not implemented correctly and it is failed. But I'm saying that it is a great sucees to our country. Because, may be it is failed to get back the corrupted money but, now our country going through digital. Because of the demonetisation everyone is going through digital payments like paytm, bhim. Etc.