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

According to me, I believe that banning the 500, 1000 notes is a stupid idea. Because our black money was stored in Swiss bank. The Indian government should take those amount under control and punished the investor of black money in the Swiss bank.

Changing the notes cannot be reduced corruption. It was the psychology of Indian people, they should change their mind and should opposite the corruption.

Hello, everyone, this is Subham. And our topic is a ban of 500, 1000 notes corruption uprooted or just changing clothes. So here I want to say that the plan is good but the execution is very bad. Because of it, many ppl get affected mostly rural ppl and middle-class family. They have to stand in the queue for hours by leaving their work. Even when they don't have black money. Those ppl who have had black money they all converted in white money with collaboration with a bank or with the help of their friends and family so the result is that because of this demonetization only a few ppl get affected but most of them get back there money. And middle-class ppl didn't get any benefit after this decision after demonetization govt lunch one more that's called GST because of that many poop ppl are not able to fulfil their families demand. Because if they buy the costly thing they have to pay huge amt as GST. So overall its only affect poor ppl and middle-class ppl. Not them who has black money.

Hello everyone,

As per my opinion, banning 500, 1000 notes is just changing clothes I would like to explain my thoughts which are self-explanatory for the favor of my point.

No doubt it was a good initiative by our honourable PM Shri Narendra Modi Ji on 8th November 2016 in order to stop corruption in the form of black money and help the overall economic growth of country although this decision was taken by very suddenly and hence no adverse effect on rich people.

Secondly, middle-class people suffered a lot by this decision because there was no new currency in the bank for being a replacement of old 500 and 1000 rupee note and there was large queue of people at that time for replacement of currency hence people suffered a lot.

Thirdly, by banning 500 and 1000 rupee notes the share market was drastically down in the next consecutive 2 months from the date of demonetization and significant fall were observed in %GDP of India by our economist.

In favor of my point I would like to enlighten the fact during a decrease in the % GDP of India many people unemployed due to lack of jobs in the market and most importantly as per RBI report 99% money was recovered so this decision does not give any help to make a full stop of black money.

In the end, I would like to conclude my point that banning 500 and 1000 rupee notes were just changing clothes nothing else.

Thank You.

Decision of Government to ban 500 or 1000 notes had come on 8th november 2016 and changed the India's economical, social and political condition completely. Definately people has to face difficulties in exchanging the old notes but yet they accepted the decision of government Because we all know this was a major step to reduce the black money and bring the corrupted people to light. We heared so many case of raid of income tax department on corrupted people house during the time of demonetization, so of course demonetization uprooted the corruption, not completely but to some extent. This step created the fear in the heart of corrupted people about the government Determination to eradicate corruption. And also give hope to people about reduction of corruption.

Hello, everyone.

In my point of view, banning of 500, 1000 rupees is just changing clothes because it does not bring any major change in the society. Currency notes has been banned in order to uproot corruption in our country but actual scenario is rich gets even more richer and poor gets even more poor. This had made a drastic impact and affects mainly normal people of the country. Though banning is to uproot the black money holders but here normal people strives to lead their daily life.

It is to be noted that corruption is not done only through money. But also by assets so here demonetisation doesn't work well.

Thank you.

In my view, banning 500 and 1000 notes is not a good step because of this poorer and middle-class families suffered a lot and hundreds of death's caused and no one has taken the responsibilities of the families who lost their life in exchanging new notes!

Instead, govt should have kept an eye on sources of income, properties, cars, bungalows of Richie rich people like the billionaire, millionaire, MP's, MLA'S, GOVT OFFICIALS, PUBLIC SERVANTS and should have questioned them how they are able to get all these. As these facilities are beyond their income and should have distributed to the needy people!

This demonetization did not give full stop of Corruption.

1) But the some of the Black-money goes into the trash.

2) Corrupt people somehow aware.

3) Make helps to the digital India by using e-wallet (Pay-tm, BHIM, etc).

4) End of the fake notes of (500) in market.

I think this is the first step against corruption.

Good afternoon.

In my opinion, it will reduce corruption in the country. It will reduce black money and fake currency from the market. People who earn money by taking bribes or by evading tax would be thinking but they get at the end and also change mind sets of the other not to take bribe and evade taxes.

It's a historic step taken by the government at the centre whether it will be beneficial in uprooting corruption is a matter of how one perceives this decision of demonetization of 1000 and 500 rupee notes. According to me, it's a very bold move and with its implementation, the government has shown great intent in getting away with corruption. Though the middle and lower class people of the society are getting affected with this step but I believe it's a short-term pain with huge benefits in the long run. Apart from it, the digital push encouraged by the government should be taken seriously as it is Hassel free and quick to access though there are problems too with it as for the people living in the rural areas are not well known with these technologies and they don't either possess digital cell phones, laptops etc. To conclude I would like to end by saying this step taken up by the government of India is a very bold step against corruption.

Whether this banning of the notes will be a success, will utmostly depend on the way people perceives it and accordingly do their bit in helping the government and in return government must also listen to people's grievances with regard to this demonetization cash crunch and should take necessary steps.

Banning of 500 and 1000 is an idea towards the growth of economic of a Developing India. It's just not of banning the currencies but also, it gives the awareness to all of us about Digital payment process.

And the digital payment option misleads to at least few percentile of corruption.