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

Hi friends, I am Prashant, and my opinion is that yes it is necessary to make some changes in an economic system. But before taking any serious action the government should sure that the medium class people will not get affected a lot. Because in an Indian economy the medium class people plays a very imp role. So, firstly make fully aware of them and then implement on that. Then it will be more efficient.

I think a ban of 500, 1000 Rs notes is a good action for reducing the corruption which was taken by our PM.

But due to some problems occurred in the execution of the action many of the middle class and poor people are the first affected one. Also, yet now there is no changes were made due to this action.

No, I Don't think so because we all have seen that 99% of old 500&1000 notes were deposited to banks. And if they all were submitted then where is the Black Money? Actually, this money was given to the middle class or lower class families to deposit to there a/c and after the end of Demonetization, it was taken back in any form after giving them their part.

In my opinion, demonitization is the first step to avoid corruption. But I agree that the middle class and low class peoples affected a lot by this. Corruption could not be cleared fully by this technique. But it worked a little bit by saying that lots of money thrown in to the river and somewhere fired. All belonged to the rich people who were not paying their tax correctly. They were not legal money. They were stunned after hearing that news. Demonitization created a good impact on economy. Every citizen should accept this to build a better future. And I accept that behind this lots of difficulties are there. But as a citizen we should support this. And finally we have to support all the strategies for anticorruption.

I believe demonetization will not affect the side-effect that is susceptible to the Indian economy, the Indian government should work toward the progress of poor people who are dying starving and each government comes with the motto to recover the amount of money they put on the slab. 500-1000 notes were not the reason behind corruption but the dark side of our political system is politicians who are playing with the emotion and expectations of the people. Demonetisation can't control corruption.

Demonetization is a good step. I know low class and middle-class people suffered allot. But after this step, lots of money is gathered in the account. And properly taxes are paid to the government. That money is also used in the development of our country. We have to accept this change for our better condition and our nation too.

Good day, According to me, Banning of 500 and 1000 is good move to avoid corruption. Everything cannot be controlled within a short period. Corruption needs to avoided, so we cannot able to destroy it completely. We have to process it and destroy it by step by step. This banning of 500 and 1000 notes is one of the step to avoid corruption. I Accept many people suffered a lot by this action. First of all, everyone understands this, No pain no gain. We have to suffer a little to avoid some portion of corruption. Rich people are not suffered by this, I accept. But everyone must know how many currency notes are thrown in the dustbin and in the street. This money belongs to rich people. This is a just a warning to them, to pay their taxes correctly. Switching over to new note is also needed. We have to keep using our old 500 and 1000 notes for past 10 years. So it is time to change it. Change must come from us. If we behave and act in a right way. Everything will be right. So, conclude by saying that no pain no gain. We sacrifice something to achieve something. Thank you.

There was control over corruption and funding of Kashmiri terrorists for an only short period of time after the demonetization. But if we talk about the present situation after 1 year of demonstration it is same as before demonetization. So for me, it is like changing clothes.

Hello.

In my point of view, demonetization is the use full think but the way it introduces is wrong. By introducing demonetization the black money will come out its right. But black money didn't come out whereas it converted into white money by a link directly with the banks. And the middle class are suffering a lot they even don't know about the demonetization people who know about it in middle class also suffering by standing in front of the banks to exchange the notes of 500, 1000. Demonetisation is for politicians and the big person so can easily convert their black money into white. So what I want to say is government should implement it in the correct way so that the black money will come out and the middle-class people will also be not suffer.

So guys I think to fight against terrorism is more important then fight against corruption because I think all are aware that how the Kashmiri terrorist are giving the money to the Kashmiri citizens to throw the stones on the militants and they had the huge Indian currency and they were also buying the weapons from this currency so as our PM changed the Indian currency. That terrorist doesn't have the money to fight for Kashmir.