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

Hi everyone,

The ultimate aim is to uproot the corruption from India. But, practically it's a daydream.

Because still we have more corrupted money in our country.

Many of the black money holders have changed their 500, 1000 rs notes by their influence.

But, it just affects the normal peoples in our country. The peoples have to stand in a long queue to change their money. There are no black money holders waits in the queue to change their money.

The idea is good thing. Through this drop of a water gets poured. But, still, we had an ocean to clean. Water - corrupted money.

Hello everyone,

Yeah, this topic had made India to a different level all over world's media were talking about it. I don't know exactly in terms of co-operate language it affected or not. But as a common man, from middle-class family, we think that this was a bold step and helped us to think that yes this can be a one step to get black money business low. I read somewhere that it's necessary to change currency for development it helps you to track money and increase revenue. I'm not denying that note ban didn't affect our economic lives, but it helped us to think that yes India can change. As after this step, our GDP is stable.

At last, that was a good step and as well must needed step.

Demonetization is a very brave step taken to eliminate corruption. The banning of Rs500 and Rs1000 came as a surprise and shocking news for the people. Definitely, due to this corruption has been reduced to some extent because it has become impossible to convert the black money available in the form of cash to 100rs notes and moreover new notes were not released immediately. This started to reduce corruption as we came across incidents like some big shots revealing their black money to the media, some leaving bags of money in dump yards, some giving donations in large amount etc. But yes there are certain disadvantages like the common suffered a lot due to lack of money and lack of awareness of digital payments. In order to achieve something great one should accept the sufferings. Thus, this step should be accepted by the people as it is a move in order to reduce corruption. But after this step also we can witness corruption i.e. some agents are exchanging the old notes illegally. Thus, the government should implement many bold strategies in order to the curb corruption and the people also should support.

It was a brilliant step taken by PM. All the Currupted money was coming out. And because of bank limit, they were not able to generate that money in the bank. So it's a successful step.

In my view, demonetisation was a good move by our venerable PM Narendra Modi, as Indian econom and poor people in India was suffering highly due to corruption. This step taken by PM drived a considerale part of illegal money in bank deposits that will help in the growth of the money. Ofcourse the poor had to suffera lot. Obviously when a rigid structure changes sudenly, it will create certain problems tto many. But again, when you want a change to happen you have to go through a lil trouble. So, in my view Demonetisation was a good move, as doing something is better than doing nothing.

Rome was not built in one day. As per my views, demonetiZation is a very favoured step. As it's is a corruption uprooted process not fully but it can be shakable to all illegal black money holders. This step may take time and people may suffer for a time being but in the result this will help our economic growth. As changing of 500rs note and 1000rs note unexpectedly was the great step. Although it had affected the common and poor people in return more illegal money came out from the pocket illegal holders. Demonetization of notes was corruption uprooted. One cannot say it was like changing clothes. Because if you want some good change in your life you have to face some difficulty in this part common people were suffered more and badly affected the Swiss account holders. As per my opinion, demonization was like nasty kick for the bad black money holders. As they were forced to come out of their holes.

DEMONETIZATION IN ITSELF IS ONE OF THE BIGGEST FINANCIAL CHANGE THAT HAS TAKEN PLACE.

WE SHOULD CONGRATULATE THE MODI GOVT FOR:.

1. TAKING SUCH A BOLD STEP.

2. ALMOST SUCCESSFUL IN REPLACING NOTES IN FEW MONTHS THAT TOO IN SUCH A BIG COUNTRY LIKE INDIA WITHOUT MAJOR UNTOWARD INCIDENT.

3. HE HAS PROVEN THAT HE WILL NOT SHY AWAY FROM TAKING BOLD DECISIONS.

4. FOR HUGE REDUCTION IN INCIDENTS IN NAXAL AREAS AND NAXALITES GIVING UP IN HUGE NUMBERS.

5. STONE PELTERS IN KASHMIR REDUCING DRASTICALLY.

NOW, TO BE FRANK AND HONEST, THERE WAS HUGE DIFFICULTIES METED TO COMMON MAN OR POOR PEOPLE.

REASONS ARE AS FOLLOWS:.

We can't deny the fact that we as a common man of this nation were forced to pay bribes, or indulge in malpractices of corruption at least once in our life, may be willingly or being coerced. But we can't deny that we haven't indulged. So if it has to be wiped, we need to jump in, we need to make sacrifices. We can't expect from ultra rich people to do so. They wont, they never have done. Be it freedom of struggle or anything. Its common man always. SO if we need to get rid of corruption we should be ready to make such sacrifices.

Second thing, I work in one of the biggest psb, and I have noticed the trend. You give a man a fish, you feed him for a day, but if you teach him fishing, you feed for his lifetime. But this does not hold true in nation like ours. Because people just want fish for a day. They are ready to stand whole day in queue for subsidy, but they will not go for a work to earn a day's wage. Many people (poors) have taken lot of commissions from factory owners, or black money hoarders for exchange of their money. Alone Modi can't bring change. When it was expected to get much needed honesty from people of India, we have failed him. Be it Bankers, or RBI officers, Or Poor/middle income people, we all have helped the corrupt people to have a escape. Lets not at least blame Modi for our fault.

Third, People of India needs, result in a day/month. It won't come. It will never show positive or good results so soon. Let's be patient for some years before playing it down.

Fourth, yes it could have been planned and executed in a better way, but how? Please explain this.

Had Rbi printed those notes before hand in large numbers, news would have been spread like a wild fire. I remember getting a pic of rupee 2000 note before demonetisation in Watsapp. Just imagine had Govt printed rs. 500/- note, and had this image been circulated, hoarders would have got fair idea that govt is going to replace the old 500 or ban it, and then if we imagine the consequences, that would be huge.

But yes everything has a scope of improvement and so does this too. But in my idea, I really feel Its more to say than to implement.

Hi friends.

Thank you for giving me this opportunity.

On October 8 our prime minister has to take a wonderful decision for the purpose of banning of old 500 &1000notes. In that decision, having some benefits and losses also included. First, we will discuss the losses. At that particular instant of time lot of people are struggling for the exchange of money to stay in front of banks. And also in that particular instant 126 people are died. We will forget those losses we will consider only the benefits. Corruption in India will be largely reduced, all the transactions are in the government hand, tax rates are also privacy, and the life style of the people increased more development in the day to day life. These are the basic some of the examples of the banning of old notes. Thank you.

Hello Everyone !

I am Arkadev.

As per my analysis, DEMONETIZATION was not a smart step towards the eradication of corruption. Before its implementation government should have analysed its impact on the economy in all the economic level. And due to the poor execution of this step, the country peoples had gone through a tough phase. And almost no black money has yet been recovered. Therefore we can't say that corruption is uprooted.

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.