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

In my opinion, it has two sides good and bad.

Good in sense that, increasing black get stuck also corruption decreased.

Bad in sense that, its major effect is on common peoples because they have to suffer from differant problems, they have to wait in long queue in ATM or bank for getting their money.

I think banning of 500 and 1000 notes is not enough to stop corruption, but instead of that this method change the way of corruption government has to think of it again as due to this law middle class family will suffer a lot during withdrawal money, it will affect our economy too as corruption will increase due to this policy.

In my opinion, demonetization is the biggest leap towards the national development. Yes, the ban of 500 and 1000 Rs notes came as a shock to the Indian public, and yes, common man did face a lot of problems but we cannot ignore the fact that this decision also leads to the eradication of corruption to a very large extent if not fully. Nothing comes without a price, we had to pay the price of discomfort for a few days, but eventually good results have been seen. Now it is also true that people who are corrupted will always pave out a way for themselves, but because of this, keeping quiet and never accepting a change is not an alternative. I think a ban of currency was not a cloth changing game and even if it was, we still cannot overlook the benefits it did to the society and the corruption that it removed.

Hence we can say that it was one of the corruption freed changing decision that bjp government took on 8 nov. 2017.

Well, we can say that because of banning the 500 & 1000 notes there are many pros and cons both socially and personally.

If we consider socially, then I must say that the overall corruption rate have been decreased in the last two years and many people like big business tycoons who have avoided paying taxes have got their properties ceased and even their money was taken by the government.

Now let's just get into other flow, there are even many people who earned money legally and have paid their taxes in time. Buy just because of having liquid cash at their home they became helpless and could do nothing and lost all their money. But even in this case, there are some people who have political help so they got benefited. But what the point? if you want to stop corruption, it should be stopped in such a way that not even a single person who had sincerely earned should be affected, because it cost not a single life, but his family and their future.

So, I conclude by saying that although corruption rates have decreased than earlier, it isn't the way.

I think the step of demonetisation taken by the government was big. There are pros and cons to every action but I will talk more about pros first as it is more relevant.

Demonetisation has helped to surpass the threshold of doing payments online, initially, people used to hesitate to do online transaction but after demonetisation people had no choice rather than doing the transaction, according to the survey online transaction has increased from 0 to 66.6 percentage. This also helps in keeping an eye on the black market.

The government was expecting to retrieve all the black money but it didn't happen as said by RBI officer that 99.6 percent of the old notes have been received.

Banning 500 and 1000 rupee notes is a temporary solution, in no ways it will ensure that it will decrease corruption. Black money holders have suffered some loss of money but it doesn't mean that 500 and 1000 note ban have reduced corruption.

Hello everyone.

In my opinion; there are so many people suffered because of the ban of 500 and 1000rupees notes economic growth also fell down a lot of people losing their jobs because of this. They have to stand all the day to change the money. Some of old people loss their lives die to standing all the day because of lack of proper arrangements. Of course lot of corrupted people caught red-handed. It is very easy to get change the black money into white through many ways where as it is difficult only for common people. The factories also run on losses because of this demobilisation. Almost one year we faced lot of problems. It maybe success if the government took proper facilities regarding to this.

And also we heard in the news that one person thrown the money into the river and one man flowed the money from the car on his way.

As an Indian we should have a responsibility to improve our countries growth so please don't corrupt thank you.

Hi.

I think its two sides positive and negative.

The positive side is it's the positive step against black money corruption may be its failure. But something doing better than nothing. At least govt took some action against black money.

Negative Sides is it is created a huge problem for normal people. They queued in front of the bank whole day for changes their note. Etc.

Hi everyone.

It is a really good topic for us and for our country, If there is a positive change, there is development, It hampers very life of normal people because they do not bank account or saving money day by day whatever they earn, they expense. It hampers so many PSU and industry also, it also decline our economics, It does not measure a way to uproot corruption because who had huge money, they planned properly to save money, if it would have executed properly then Most of the corrupted person might have caught, but not executed fairly. It was an only harassing way for normal people.

Finally, I concluded that if it would have executed with proper planning, it might have given the fruitful result.

Demonitization It was the biggest step which Modi government took in order to reduce corruption, everything comes with the pros and cons they had tried so much but I think they didnot planned that well. Because banning of 500 and 1000 rs note leads to so many hurdles for the common peoples on the other side the corrupt peoples invested their money in other assests like gold, diamond etc so I think this step didnot work completely or it comes out just like changing clothes.