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

Greetings to all,

Ban of 500 and 1000 rupee notes is a good decision taken by the government to eradicate the corruption but the process was not done properly so many people got disturbed during the span of two months, but later on, the change started in the society in means of corruption and economy. But a ban of notes will not make India a corruption free but the people should change the mindsets.

Hello everyone.

Ban of 500 and 1000 notes was a good initiative taken by our government towards corruption. But it could not prove to eradicate corruption from our country where there are many people having crores of black money. As the statistics came that nearly 99 % money was being returned to RBI. These prove that all the black money has been successfully returned and exchanged by corruptors. The decision was somewhat fruitfull as many people were even caught with black money but in India where there are thousands of corruptors pulling out 100 of them would need to eradicate corruption and increase Indian economy. Morever, middle class and poor class people suffered a lot due to this one-night decision. They had to stand in long queue for days to exchange their little penny. Over and all it was a good initial step to deal with corruption. Hoping such decisions could prove worthy as middle-class people are the most sufferers of this root problem.

Hi friend.

This is Chandan.

I think this decision is good for our country, because not only for corruption uprooted another effect is against terrorist activity in the country. Stop the duplicate note.

Thank you.

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.

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.

Hi friends.

According to my point of view, ban 500, 1000 notes are very good decision by the government due to the reduction of black money but the problem incurred is some of the people are face the so many problems because of the improper planning of government. Everything there must be some advantages and disadvantages are there but better results are obtained by releasing the 500 and 1000 notes are to be first which will results at good for ordinary people. Finally concluded that ban of the 500, 1000 notes are helpful for corruption uprooted. Thank you!

Hi.

This is a good attempt by the Indian government to reduce the corruption in India and make India digitalized (by making India cashless).

But it has several adverse effect also which government has might not notices. Banning 500 and 1000 rupee note government is trying to reduce the corruption in India but on the other hand starting of 2000 rupee note instead of 500 and 1000 rupee note this leads to the many problem for shopkeepers, rural people and many more who are doing small scale businesses.

Because Indian banking system has got drastic changes and they got the cash flows at a high rate and then they used those to the lending purpose it was a good move by the government.

Hello everyone.

Banning 500, 1000 note is good movement by the government. But, not gone as per they thought.

Because of this, Farmers, small traders are experienced very difficult to find the way out of it. Small businesses stop because of no cash in hand. On another side, big businessman is not worried about it. They are free from the process.

According to the government, 99% plus demonetize is back to the bank. That simply not possible without the accepting money of big businessman.

Government intention is good or bad that's doesn't matter. Because no black money is recovered from the demonetizing. And government should accept this. So, It just changing clothes like that.

But last, Because of that the digital payment increase very well. That's the benefit from it. On the black money part, there is no need of demonetization at all.

Thank you.

Hi.

According to me, when demonization of rupees 500 and 1000 Indian bank notes. On that movement farmers, workers, students are faced very difficult to exchange their old bank note to new bank note rupees 500 and 2000. They are wasting their time that movement.

And it is used to remove the black money. And used to grow our economic growth and collect tax on all Indian currency.

But after this demonization, it is a good effect on Indian economy.