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

Hello friends. Actually ban of 500 and 1000 rupees notes is a process which created problems to the middle class and lower class people. Because they are persons who run their life with daily earnings. Due to this decision of the government. Those people can't run their normal life due to the money problem. The plan of demonetization is already known by the people who had black money. So the plan is unsuccessful for example. One businessman contains 133 crores 2000 notes in his house. How can the man get this money?after publishing the process of demonetization by the government how this man can get this much of money within four days? So, I am concluding that government should take another step to ban the corruption in India. Thank you, friends.

Demonetization was not the correct procedure which should have been implemented by the Modi government to eradicate black money. It was actually a very foolish step to utterly harass a mere mass of people throughout the country. And it had no positive output as such only a number of honest and innocent people who had no black money sacrificed their lives in this scam of government. It was just false hope given by the government to the public. And the ache din is still pending. Honest countrymen who pay taxes in time, they stood in long lines of ATMs and banks while the rich black money holders did not even have to get out of their houses to deal with their black money. And it was rightly stated that Narendra Modi is the 2nd Muhammad bin Tughluq.

Hello friends. Actually ban of 500 and 1000 rupees notes is a process which created problems to the middle class and lower class people. Because they are persons who run their life with daily earnings. Due to this decision of the government. Those people can't run their normal life due to the money problem. The plan of demonetization is already known by the people who had black money. So the plan is unsuccessful for example. A businessman contains 133 crores 2000 notes in his house. How can the man get this money? After publishing the process of demonetization by the government how this man can get this much of money within four days? So I am concluding that government should take another step to ban the corruption in India. Thank you, friends.

Yeah! The statement can be true. But there is not only negative effects like conversion of black money to white of big business man or some corrupt leaders. While most of the money has come in the eye of bank after demonetization and this reason is more powerful.

And if we say about the impact on poor people or middle class people was also there but all this was done for good for people. Because of demonetization many people forced to use online mode of payment which is also more valid reason than suffering in queue of ATM. And also rich people use their debit cards for online transaction that's why they didn't come in notice of people who are in queue.

This is a step in eradicating courption but in different manner than people usually think.

The answer to this question is Yes and No!

Yes, corruption has been controlled but No it has not been uprooted completely.

Corruption can not be uprooted by merely one or two steps because it's deeply embedded in our system but yes it can be curtailed to sone extent. Demonetization has at least pulled the people to the banks and by that I mean more number of digital transaction. It was a quite a warning signal for the cash-rich society of India who was forced to throw bags full of notes on road. But those who had brains with money managed to deport cash either to the Swiss bank or through some under the table management. In short corruption continues to exist in one or the other way but the proportion in which it was increasing has declined.

The intention behind banning notes is noble, but corrupt people always find ways to escape such traps. As a result, a number of corrupt people managed to exchange the old notes to the new one by joining hands with bank officials. Though it was strategically planned to announce just before midnight, some people still managed to get rid off black money by acquiring some wealth. Banning notes resulted in common people standing in front of banks in queues for hours while corrupt people had already new cash. Some amount of success could be found due to this drastic decision but it was a disaster to many middle-class men and women. It should have been planned properly. Truth to be told it is a mix of changing clothes as well as uprooting corruption.

Hai friends,

As per my view, banning of 500 and 1000 rupee currency has not uprooted corruption completely. It is not that simple to eradicate corruption overnight or in a month because it has been increasing for so many decades. This is an initiative of our government to catch the black money holders and most of the black money holders got surrendered and paid the tax, this is 50% success. Now the government is having every citizen's data, they can catch the people who are making more transactions.

I think most of the black money is the form of land, gold, etc. So, in coming days govt will also implement other policy. I think demonetization is not changing of clothing's of corruption but changing of methodology for the betterment of India.

Hello friends!

In my perspective, it was a very good step taken by respected pm Mr Modi. Yeah, I do agree that there were some serious problems also with people but instead, it was a good step for good future of our country. This step was not less than a deadly dream for corrupt people who had to have a lot of black money in swiss bank. It had also lessened the terror activity of terrorists. Crores of money came back in our country which was distributed among poor people. But there were some serious problems. The Government had not taken enough backup. There were lots of crowd in front of ATM's banks. People were anxious due to unavailability of money. But after the passage of some days, the situation becomes normal. So it was a good step.

Hi Friends.

As we know corruption is a chronic disease in India. So it's best act was taken by Modi. According to my point of view, in many places change have been seen but according to RBI: 99% circulating money get back and 1% does not get back due to sinners in our country got success in converting black money to white money. As a result gradually decreased in economy. But its good news that according to RBI, the government got success in reducing 12 % corruption. So its better way to do stepwise action and in a country like India its very heart touching movement that in 1-night government change currency and as we know behind every unsuccessful thing there is a success. So it's not uproot of corruption. But it will be after some year.

A Decision on Ban of 500/1000 notes was beneficial because of following reasons:

1) it uprooted corruption not completely but up to some extent (it gave hope to middle/ poor class people about the reduction of corruption).

2) after long run (5-10 year) peoples will attract towards digital payment system (it will create transparency).

3) the number of the taxpayer was increased.

However, the decision to note ban was not pre-planned. Hence, Indian peoples face lots of difficulties like standing in the queue for an hour/shortage of cash in bank / many industrialists suffer losses / our GDP went down etc.

Ultimately, we can say that due to note ban fake currency which was used for terrorism & other activity, is completely eradicated.