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

It is just 10 or 20 percent of the total money what we have in our economy as a printed note. By banning notes, its true that some of the notes obviously obtained by blackers are destroyed, but its also true that the huge black money holders know thousand one routes to obtain black money, and its just a fraction of percentage of the total black money which is in the country, and rest is at Swiss bank, so it is just a dress change and nothing else.

Hello everyone,

I am Srikar, in my view, ban of notes is just a filtering process to exclude the black money from economy, and what happens to hear is everything in white now, however maybe someone thousand crores caught as black, that is not even one part of what they expected, I support the statement "corruption changing clothes" hope new ways come to do the desired task.

Hai Everyone,

I think that the banning on the Rs 1000 and Rs 500 notes haven't uprooted corruption from our Society. The idea was good, but the problem is sides with how it was implemented. As mentioned it was just like changing of clothes. Even our Govt says it was a great step towards corruption no one knows about any corporate who had affected by the demonetization. It was the citizens and small vendors who had adversely affected by the whole process.

Even the design of the new notes can lead to the circulation counter fake notes in our economy, as most of us are unaware about the specification of the new currency. Thus I believe that the idea of demonetization was good step for the growth of our nations economy, the implementation of the idea has adversely affected more than 80 percent of people in India.

Hello.

The banning of 500 and 1000 notes is a great step taken by Modi government but it is not implemented in a right way. Because of this only middle and lower class people suffered a lot. Rich people are not get affected. At the time of need, people had not get their money which was earned by lots of efforts. They had to stand in a long queue to exchange their old notes with new ones. This was a good step to remove corruption but the people whom should get suffered are not suffered anymore even they had not taken any efforts to exchange their money. They had exchanged their money without any limits and without standing in a queue outside the bank.

Nothing is changed by banning this 500-1000 notes. It's just like changing clothes.

I think the banning of 500-1000 notes, not a great step by Modi ji it is very painful for the village people to stand in a queue and replace those. Modi Ji again started 2000 notes which are again as an offer for the corrupt people.

According to me, Demonization is, just a threat that the government has took, but in the reality it says that, 98% of the currency has came back to the RBI, so the demonetization is successful. But the flip side of this statement is, Does only 2% of the money was Black? No, The cheaters have, unique ways of investment in property and all. So, they are on the shore of safety. So, moreover, the effects of demonetization is short-run exactly. But it outweighs the effects of long run. Soo, a monetary economist says that banning a currency which is more than 70% in circulation is not feasible for a developing country like India.

In my opinion, Domonetisation is the great step taken by our respected PM Modi sir. It helps some extent to eradicate black and corrupted money. We all had face problem after demonetisation but as time passes it gives benefits to us as we become habitual to go cashless while doing transaction and many more extent people started using digital apps to transfer money.

So it was great decision made by PM. It wasn't fully eradicate the corrupted money but it started the digitalization which was benefit all people to go cashless.

Hi.

Hi, I'm PCP.

The ban on notes gives short time positive effect on corruption and terrorism but the huge negative effect on GDP on of that country. Every democratic country (at least) should care of common man issues while taking these types of decisions. Because it affects tremendously on their living.

Hii, guys I am sanjay.

In my point of view, The government will try to take incredible decision to change our country's Bellow poverty classes people to something better position through the corrupted black money in our country which has in a hidden way but I still say that its not working because of that main root of corruption is who create this word of "demonetization".

In the time, when we can't use of ban, not of 500 and 1000 Rupees notes poor people are facing so many problems to face the changing the ban notes in local banks and have so many conditions to change its.

But I can't see any RICH person in the line of changing notes. Because they have already settled his way to convert BLACK money into WHITE through consult the bankers.

In the say of my way this not at all black money which without pay the tax have in our country.

Black money is which have outside of our country on similar like that swiss bank holder of our politician and businessmen.

Hello.

Everyone good morning and all I admit for who was share the topic.

I also want to share my view on this topic.

Demonetization is the biggest step taken by respected Narendra Modi. According to respected Modi it was SURGICAL STRIKE on black money holder. We should know peoples who involve in corruption belongs to a rich background poor people are for away from corruption. During demonetization, banks gave priority to the rich people to deposit their cash and only poor people and small industry owner faced the problem.

Rich people used online transaction system during demonetization.

The Government can choose another way to eliminate corruption the way which strikes only to black money holder.

Thank you.