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

Banning 500, 1000 notes become just like changing clothes. This rule made by Modi Hi is very beneficial for decreasing the corruption but it is not managed in right way. Because of these change the general people in India they were suffering. To change something the difficulty is valid But there must be some system like there must be a system which could manage the queue And also the queue should give an idea about Which queue is less or which queue is longer. By applying these methods there may be not Any problems for general people to suffer.

Hello everyone.

In my view, banning of 500 and 1000 rupee notes is just like changing clothes for wealthy people because they changed their money without going to any bank and they do not stand in queue hours and hours in banks, they changed their money without knowing any pain but whereas for poor people they don't have enough money to change in banks per day only 4000-5000/- per member so due to this they faced lot of problems but rich people changed crores of money without any limit. I think govt had made this for abolishing corruption but it is not actually done even now corruption is almost all same before ban of 500, 1000 notes.

On Nov 8th 2016 Modi Jii told that 500 and 1000 notes will not be valid from 9th nov.

It was a great step taken by our government to eradicate corruption. Demonetization is a great move but its implementation is not good because the middle-class people are not able to meet their needs for hospital needs and all. But if we want the change in the economy we have to suffer to these things. There will be an impact in long run in the economy. So demonstration is a great move. The people will pay the taxes accordingly and there will be a rise in GDP and economic growth.

Hy everyone,

I appreciate and definitely find its true that banning 500 & 1000 notes is just a very powerful action taken but to be honest after one year of its implement anyone can hardly see any drastic changes due to it. According to RBI, 99.2% of floating money i.e. before demonetization has come back resulting in a very less or can be considered nil amount of black money is find out. Actually, the scenario is way more complicated then what it is as every person who carries money in a big amount never goes for paper money, he either invested it in business or in lands or in shares and other techniques i.e.no one carries money in cash therefore there is no major impact on them and let assume some may carry but believe me they definitely have figure out how to deal with it. The only people affected are the mediocre and poor ones standing in a queue, worrying for the cash they have just pulled out for their daughter marriages, no acceptance of old notes in hospitals and the count is countless. So I see no major changes in the society but creating a lot more of havoc in peoples only, therefore, to sum up, I can say that the banning of notes is a very heroic action taken by anyone after so long but the way it has done is not so successful because the result after one year is in front of all. It is just a major setback of a very powerful action with no reaction at all. Therefore, can say that the system of corruption is still same it has just changed its clothes now it's kinda pink.

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.

Corruption in India is in active mode since its independence. It is like some kind of gift from British Empire to us. Corruption are of various types and among them, the most popular mode of corruption is money. Suppose I go to circle office for any office work and approach any official person. They won't do until I drop some amount to their pocket. This is lower level of corruption where people deal in smaller denomination in general and higher denomination in particular. When we look corruptions such as passing a tender in someone's favour, the officials see no limit and place a higher amount which are transacted in higher denomination. Among all the denominations, 500 & 1000 were the most prevailing ones. To cut the line of continuity of this money giving system, I think it is a good step from govt to demonetize those currencies.

In my point of view, all are correct but we are think in different sides of situation. The major of money come out from the corrupted people. But come out money directly not went there their own accounts in-between generated some mediator people they asked the corrupted people I change the black money to white money but what was use for me first you give me a some commision after I change the money black to White. This is one example of changed money black to white. There vary of techniques used the peoples changed of the money. I requesting one thing of govt of India this process have to take again again for atleast 2 years once time.

In my opinion, Demonetization is like cloth changes. Many poor citizens faced problem in Demonetization, they stood in line hole day but at last bank employee announced that there is no cash available for today.

After that, all corrupt person changes his notes by setting to the bank manager.

At the time there is no effect in social all corrupt person still stole the many and purchase the plat and building.

So Demonetization is like cloth changing.

Yes, I think demonetization was a great initiative taken by our Pm but it was not implemented the way it should have been. Its main aim was to curb the black money out of the pocket of rich people and break the parallel economy. It has helped to a great extent as news of currency being dumped into the river and being put on fire were heard. But I think the majority of rich people were able to convert their illegal wealth into white money through their links with the bank officials. Also depositing their money in the bank a/c's of the middle class and lower class people and giving them their part after demonetization helped them further.

One thing which could have been done better is maintaining a proper stock of new currency notes. As soon as the concept was implemented, banks and ATM'S went out of cash due to which people had to suffer a lot.

In our country, the problem is that everyone is of the opinion that our political and economic system is corrupt but when it comes to changing it but showing a little patience and support no one comes forward. Everyone was just complaining that they had to stand in question to get their money exchanged instead of showing some patience and feeling that they are contributing on their part to overcome corruption.

I think demonetization is a good step and it is the first step taken by our great PM to avoid corruption. Though we cannot say that black money is completely gone we can say that it is reduced and lots of people are paying now taxes properly. And the people who suffered lot are the middle class and low class because it has become very difficult for them when they first heard the news. We as a citizen though struggled hard to avoid corruption we must accept it and do the things in a right and proper manner. We should not wait for a change to come instead we have to start the change with yourself. This as a citizen of India we have to do it for the development of our country.