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

Demonetization is a bold step taken by the Government. This brought an accountability to the money held by people. Even though many people complain that the step failed because people hoarding money were able to make it white by offering commission to poor people, but the point to be noted is that what now everyone have is white money for which they have to pay IT. Now no one can evade paying tax now. The suffering of common man was negligible compared to its benefits in the long run.

Coming to my view, Demonetization is a good step taken by government. But without proper planning and implementation it could not lead to be good thing. Government need to adopt the failure in the implementation. No one suffered. Neither the one who has done his daughter's marriage with crores of budget nor the corrupted people!.

Only the "common man" faced so many problems for the exchange of their honesty earnings. RBI itself announced that 98% of banned notes back to the bank. I am quite wondered that within 1.324 billion population, corrupted people having only that 2% black money.

With having all the powers government failed in recovering black money within the country. How could that be possible to bring the money from Swiss banks.

First win at home before you go to conquer the world. !

Friends in my opinion it would be a big success if it was well planned and well executed. Also follow on actions should be taken by the government to bring out the fruit of the demonization. Unfortunately the government failed to do so, there was less following actions to prevent fraudsters from converting their money to white. Also 4 people has to suffer a lot in converting their small savings. Big place also seem to be using this small income groups to convert their money to White and giving them a small tip. So my dear friends in my opinion it was a milestone step by the government but failed to reap its fruit.

Hello reader,

In my opinion banning 500 and 1000 rupee notes is a big and bold step taken by our Prime Minister. Not Every Prime Minister could have done that if he was at same position as Modi ji was after Surgical operation decision which makes everyone of us proud. So we should not discourage by it. We all talk about the suffering which common man has to face after demonetization but we should remember the fear it has created among the Black Money holders. Yes it could have done in better away but don't you think that if it wasn't announced like that it would have the left the gate open for these looters.

Hi everyone. In my opinion banning of 500, 1000 notes somehow helps in uprooting the corruption from our country. As it helps in stops the black marketing for sometime. And it stops the production of duplicate currency. The main motive of demonetization is to stop the terror funding and I personally believe that government succeed in this.

The aim of demonetization was to drag out all the black money reserves maintained by rich class. And this decision showed positive results to a great extend. This proved to be a powerful step but not a great one. There are several reasons to it. First of all, our poor class suffered a lot. Exchanging their small cash savings by standing in queues and lack of new currency notes was a backfire. There were also few instances where rich uses poor for exchange of money by offering a small amount of commission. Last but not the least, our people are in habit of making black money deposits and this has continued even after demonetization.

I do want to support demonetization on regular basis but pre-steps should be taken for our poor class so that other may not get benefit out of it.

Demonetization was one of the major decision in today's economy. Banning of 500 and 1000 notes though was a good decision to stop corruption but the fruit was not that much sweet of what it should be. Initially the result was good but as the time passes a huge amount of money has also been wasted. Later it was also found there was a fall down in GDP. So I will say that 55% is against Demonetization.

Hi every one,

In my opinion, due to demonetization corruption is not uprooted instead it has increased. PM Narendra Modi brought this demonetization in to action to curb black money. There are many reasons that led demonetization to fail, 1st thing is normal and poor people are more effected than the rich ones.

Second thing is rich people got their notes changed by offering commission to mediators or through the direct source. Poor people got their money exchanged after hours and days of waiting at the bank gates where as rich got it just by sitting in their ac rooms.

And moreover government has not given the proper picture of the amount that has been caught in this process. And the way that they've spent it. Coming to the main point how did the political leaders got their money changed? and amount that they've changed? no 1 had any idea about this. I conclude it by stating that the demonetization is just a drama to gain fame and to attract people.

In my opinion, it is a big loss to our country. Due to demonetization poor people has effected more than others. I think to avoid corruption This is not the process. There is nothing is changed due to demonetization only just we seen color full and quality less notes. The decision taken by PM is not good for our economy, I don't have why these politicians are playing with the life of normal people just I hate all politicians. Any scheme won't change corruption, they have to change their self.

Thank you.

Demonetization was introduced by the Modi government in order to curb black money but it couldn't achieve its aim due to many reasons firstly this change affected the middle and low class people to an extend the government should have made the availability of notes more easy and the quality of the notes should have been good and there have been news that the new 2000 notes are being damaged and the 98 percent of our money has returned to our banks and there has been latest news from them RBI Governor Raghuram Rajan that he has not supported the demonetization and all this shows that respectable PM Narendra Modi has plotted in favour of the rich.