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

Demonetisation was a very powerful step taken by our government. The decision of demonetisation was taken to stop corruption and black money. High-class businessman and many people earn black money which is illegal. This increases corruption. So to stop this a major step was taken by banning 500, 1000 rs notes. But the situation, now and then is still the same. Corruption is still prevailing and black money is still the major cause of concern. So, for me banning of notes is just changing clothes.

Thank you.

Hello Friends,

I am Sandeep Amatigoudra. I would like to share my opinion about demonetization. Demonetization is a combination of two words i.e. "de" and Monetization. Monetization is nothing but a flow of currency. Thus reducing the flow of currency called demonetization.

Hi, Everyone.

Demonetization is a very good initiative taken by our government to eradicate corruption. But the results would have been much better if it got implemented with a proper planning and the government should have taken necessary measures before implementing. Particularly the poor and middle class people suffered a lot due to this. Surely there will be some negative consequences when such big steps have been taken. Corruption is not an small thing and it is a very difficult task to uproot it. The government alone can't do this. There should be cooperation from the people side too.

Hi, everyone.

Banning 500 and 1000 rs note is a good move in government I appreciate it but the way they implement especially time they implement is wrong. Banning popular money from the entire country one at a time is a bad move. I can say government has not made any plan before implementing it do you know time they did it's night time 8 pm on November 8 even it's day time it would be fine everyone would be aware of it but in night time many people don't know that these money was nothing just paper that is banned and poor people become more poor and wealthy people and people who admitted in hospital people who about to book marriage every one were been affected but people who actually need to be affected just came in car to banks and pick up require money beforehand but poor people or ordinary people stood in a line for a day and go home empty hand as that money are taken by so-called wealthy people so we cannot say that corruption is uprooted but we can say "it's just updated "nowadays we cannot see 2000 rs notes even in banks we don't know where they are but we can say they again become corrupt money aka black notes.

So as per the topic these bans are just changed of clothes but this should have been discussed before implement and my idea would be tested in particular state and see the outcome if that would have worked we would have to make it globally that is nationally banned notes or else make enough preparation and time and camp to change money in this big nation so not India go and shout before a bank and pressure them. That would have decreased the corruption but this ban actually made those wealthy people bag wait for less since for carrying 40, 000 rs at least they need to carry two briefcases but now just they need one briefcase to take it that's the actual difference.

Thank you.

Demonetization was a noble attempt to reduce corruption and hoarding of black money which is detrimental to our growth.

Demonetization has led to the return of money minted by RBI back to banks which is loaned to various businesses and people at lower interest and lead to better growth and development.

The psychological impact on corrupt or tax evading individuals was also great as they have witnessed how their illegal money and greed can work against them by losing the money, paying hefty fees and fear of being arrested.

There was a huge spike in property prices because of part payment being made in black but after demonetization the property prices reduced.

Though people faced huge trouble due to demonetization and the stock market indices decreased but people endured all of this without any Mass protest etc and also the market recovered quickly. It was mostly the opposition politician who spoke against demonetization but there was a lot of support from honest people on the government for it's an effort on curbing the menace of black money and corruption.

However regardless of this corruption has not been uprooted and there is still widespread corruption though it has been reduced by some amount. Also instead of asking for cash and storing it in safe houses, the corrupt are asking for money transfer digitally to Swiss accounts or through various innovative means.

Therefore we can conclude that demonetization did not uproot corruption and it has rather changed it's medium or clothes. However, the move was very bold on part of the government and it has reduced corruption and black money to some extent.

Also, in order to make huge changes in our society, we must play a part by not giving or accepting bribes and collectively educate the masses of the menace of corruption.

Hello everyone.

In my point of view, the decision of Demonetization was right but the process by the Modiji government is wrong. Modiji wants the corruption free India by with this decision only the middle-class people suffer from:

1) Lack of new 500 and 2000 Rupee notes.
2) Long queues in Bank and ATMs.
3) No proper Planning.

I am not saying that the decision of demonetization was wrong a large amount of black money was in front of us but the middle class suffered a lot.

The main reason for demonetization was to curb black money, money laundering etc.

Hello everyone,

My name is Saddam and I am going to make my view on this issue.

I think every decision should major by their consequences and achievement. The decision of Noteban was a sudden and was without any constructive policy. Note ban spread chaos in the market and small business industries collapsed. Common people had to face any major problems for instance to stand in a long row to withdraw money, it was very inconvenient and almost more than 100 people had to lose their life while they had been stand in a long row. Moreover, Rcc, Real state business collapsed and millions of employers had to lose their job. The intention behind the decision was to eradicate black money although common People who earn legally had to suffer more.

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.

Well, I think situation is more or less is same, if you think deep, you can clearly see that corruption is still exists in many areas, although it was good attempt to resolve this big issue, I have to say the government is only succeed 50 % in his target, although you just can't simply blame government only, the roots of corruption are very deep, & be realistic guys, in any country if their government wish to solve any major issue than the public has to cooperate the government, only government alone can't do this, the simplest example is swacch Bharat abhiyan, if the people simply doesn't have self discipline to keep their places clean, then it is really tough for the people.

I am Lavanya. Coming to my point of view, demonetization is a good method. But what the procedure they take that's absolutely not correct. Because Modiji has taken his decision immediately for most of the black money people. But that affected mostly common people. Already, my friends said after that so many people in the queue at ATM centres. And those who have black money, they changed their currency with common people by giving a commission for that. So, that there was safe, but a lot of people struggled for that. After that, government Introduces new notes that is 2000, 500 rupees notes. OK, removed 1000 & 500 rupees that is good. But what is the use of introducing 2000 rupees? It is easily secured their money for black money candidate's. There is no use of that. So, finally what I saying that demonetization of currency is over, but there is no change in our country.