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

According to my opinion, demonetization is bold steps towards corruption. We all know that there are certain loopholes in this steps still nothing can be best steps than this ban, to fight with corruption. Now, systems of our banks, market, economy and citizens are alert against corruption.

It was a brilliant step taken by PM. All the Currupted money was coming out. And because of bank limit, they were not able to generate that money in the bank. So it's a successful step.

Hello guys. You all have a point.

Government of India means not only the prime minister it includes from a cabinet minister to president of India. Guys, India is a developing country so the population is also increased. It is a duty of every individual to support our goi. Yes, it is true 2-3 months middle CLS people suffered a lot among them some understood the cause for banning 500, 1000 notes and some felt bad that to stop corruption and for a mistake made by a politician and a high professional who are corrupted why a common man should suffer. ?guys I want to highlight a point here the black money which is With politicians of country is not less. With that money India would have become a most developed country by now. Whatever measure is taken by goi is absolutely right but methods of implementing it is not right. Alternative methods should be chosen for implementing this idea. But guys nowadays this plan is also failing with appropriate measures the same plan can be worked out successfully.

Thank you all of you.

I think democratisation is one of the worst decision taken by BJP government. It is actually meant for anti-corruption. But its implementation is not well. So it causes a lot of problems to the society. Also, the plan was actually aware by the currept people before its implimentation. So it does not realise the actual aim of this.

The moto behind the demonetisation was awesome but implementation was wrong therefore excepted results didn't come. So, according to me, it was just a changing of clothes. Prime minister is not only one who is responsible for everything. There are so many loopholes that's why the demonetisation idea got failed to uproot the corruption.

Demonetization decision was correct but planning is totally felt. I think government totally felt to solve the problem of the last peasant of the society.

Guys actually PM sir have taken correct decision, but somehow it was spread to the many corrupted people before it is announced to the public. But circulation and transferring money have made limited know so they cannot recycle the black money much easily. Whatever the decision has taken by the government We the Indians should support than only even govt will come forward to take decisions.

Hello, friends. In my point of view, the ban on rs 500 and 1000 notes is really good and bold initiative taken by our pm. It will reduce the circulation of black money in the market. There are some advantages of it like.

It has increased the deposit in banks so now base rate will decrease and the people get a cheaper loan, as well as they, had to exchange from the bank so there will record of each account and transaction so by this way black money could easily found.

Many companies and businessman had caught by it department for the illegal money.

It has also reduced the terror funding.

Hence we can say it is a very effective step towards corruption taken by the government.

It will reduce black money and fake currency from the market. The intention of banning 500 and 1000 denomination was to get hold of black money holders as well as tax evaders. Big earners left out of their black money in the form of foreign currency, Gold, and are hidden from taxes.

Hello, everyone,

I think that by banning 500 and 1000 notes it has helped in dealing with black money and fake currency. From different sources, it was found that most of the fake currency was dumped in India from Pakistan in Kashmir, which was used to fund stone pelting groups. The proof of this is that when demonetization happened, the incident of stone pelting stopped in that area. Well by doing demonetization it has helped the government in catch holding people with black money but this is not a full proof solution as again the people will accumulate black money and now this time its easy for them to accumulate as now 2000 notes have been introduced which is really horrifying. GOI should take some step to move Indian toward digital economy which actually is the permanent solution of it.

So, I would like to conclude that though its a good step toward curbing corruption and black money problem but this is not a permanent solution as this problem will take new shape and re- emerge even stronger. So this actually is a changing of cloth.