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

Demonetization is the use full think. But so many people are effecting in this changes, but rich people no one is affected because everyone gets and changes with money quickly, rich people going to be rich and poor people going to be poorer that is Fact.

Demonetization, it was not the proper decision by our authorities, I think because it was overnight decision and nobody was prepared for that huge decision and even authorities was not prepared for this huge and new decision, and because of this decision people suffer, people loss, and still nothing change.

Hello everyone,

According to me, it was a good decision taken by the government But when it was implemented, it didn't succeed.

I think there was a lack of proper planning before implementing this idea.

According to me, if it was planned proper and implemented in a proper way, then it would have succeeded more and the people who faced money problems during this period wouldn't have faced such issues.

By the way, it reduced some rate of corruption and I found that govt. Is taking good steps regarding growth, development and economy of a country.

Here are some interesting facts on the multi-dimensional benefits of DEMONETISATION:

17.73 lakh suspicious cases identified that do not match the tax profile.
Deposits worth Rs 3.68 lakh crore under suspicion.
2.24 lakh shell companies faced the axe.
Stone-pelting incidents in Kashmir came down by 75% from the previous year.

Ban on 500 & 1000, it's a good step taken by India's government.

By doing this they try to reduce the corruption and uprooted black money. This step arise many problems at that time peoples stand in a row for many hours, banker we're also get irritated by seeing the public rush in the front of the main door. But this ban doesn't affect on millionaire peoples was actually black money has existed. They just convert their black money into white money. Jio is one of the best examples of this, Jio sim comes in May of 2016 and there is ban on 9 Nov. 2016 not much gap. I think all the millionaire know about Modi's step just because of this there is no need for them to go and stand in that row.

Hellos, in my opinion.

I think that the demonetization is a very good idea but which is implemented in very bad manner. Due to which the middle-class ppl have to suffer the cause. As on November 2017 government Of India decided to ban the RS. 500 and rs. 1000 banknotes at midnight. And orders to change there notes in a bank with a new note of RS. 2000 and on the next day there is a long queue in banks to exchange the notes. But in many banks, there are not sufficient notes of rs. 2000 so ppl had many problems. No Rich people stand in a queue who had black money. There is no change given to the ppl who went to get the basic daily needs item in the market because there is lack of RS. 100 notes in the market and new rs. 500 notes are not available. So I think there is lack of planning before implementation of such big decision. Government Had to laugh rs. 500 notes with RS. 2000 notes. Economist also thinks that this is not the good decision for the GDP, which is true because GDP goes down. At that time. But demonetization plays an important role in making India cashless. Because it increases the online transaction. So in my opinion, demonetization proves to be a very good decision if it was implemented with better planning.

Hi; guys, I am Prathyusha.

And in my point of view, the ban of 500 &1000 notes are not just changing clothes.

It is a step to fight against corruption, demonetization is implemented on 8 nov 2016.

I think nothing gets changed, not effect on corruption so, many members saying that Black money was found and Change to white.

Any person who has black money he will be an influenced or rich person he can easily translate to black money to white.

In banks also, I can see so, many normal people standing in front of banks I did not see one rich person standing in front of banks.

Finally, I concluded that nothing gets changed to ban of 500, 1000 notes.

Hello everyone. We are in the society that is surrounded by full of corruption. Demonetisation has a major impact only in poor and middle-class people. There is no eradication of corruption after implementation. Many rich people and other corruptionist have invested their money in Share market, gold and real estate. Only middle class and below poverty people are affected but it's just changing clothes for rich and other corrupted people. Thus demonetisation neither reduce nor eradicate corruption.

Hi friends, my name is Bhumya and I would like to add one point here that demonetization is changing clothes for rich peoples, ministers and other big shots but its really a great decision to control the middle level of corruption in India which includes small players of economy but again poor peoples are affecting much for equalization so it's good decision but not a sufficient step.

Demonetization is basically a process to change currency black to white. It is beneficial for our whole country. It has many of pros and cons. In my point of view, I am in total favor of Modi'Ji. It is a big step for our country It has pros like affect black money holders, reduce corruption, increase digitalization, increase tax payee and it is also some cons like rush at banks and ATMs, problem for poor class families. It is also affected many of big functions like marriage etc. But all problems are casual for some people but solution is best for whole country.