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

According to my point of view, Demonetization partially helped to make corruptless India.

But I think banning of 1000, 500 could not worked as it thought the corrupted people are still same as before it affected only general people.

Ban of 500, 1000 notes is a great initiative taken by our government to control corruption but there is no proper strategy have a government so that decision of ban note successfully achieved.

Hello, everyone.

Before we discuss this topic, we first need to understand that how this demonetisation thing actually worked for eradicating corruption. We need to understand its influence over various stakeholders.

Suppose for example RBI has circulated 150 currency notes of Rs. 500. And out of these 150 notes, 50 were illegally kept as a black money by a corrupt person say X.

So basically with the note ban, the remaining 100 currency notes are with common person who is not corrupt. He will fearlessly exchange those notes in a bank and will deposit them I'm their account.

But that corrupt person X will not do so.

So at the end of the day, the total 100 notes were deposited. But RBI has a record that it has circulated 150 of these notes. So eventually RBI will print those 50 notes. And in this way that black money will be automatically deposited in the govt treasure.

So we can say that its a good initiative by government Of India to prevent corruption. But at last, we should act as a responsible citizen to avoid corruption at all stages.

Of course, Corruption isn't uprooted. Let us remember.

"Corruption is a mindset".

By Demonetisation, surely it has created a sense of terror in minds of tax evaders and also has advantaged the government with bringing back the reserves of uncirculated cash.

But the corruption will find its way, one way or the other way. Corruption cannot be uprooted but can be demotivated by taking such harsh steps time to time. Stronger punishments can surely demotivate it further. So let us take an initiative in our own lives, not to promote bribes or corruption in any way. Let's play our part in being the righteous citizens of India.

Hello everyone,

As per my views, this ban is just the waste of time & papers. We can say this is like just changing clothes because they issue new notes to control corruption but I feel we generate corruption because of this ban.

People started a new business like they are taking a commission to exchange notes.

I think this is the worst decision taken by our PM.

In my opinion, demonetization is a huge step taken by our PM to avoid the corruption in our country but it will not take a proper shape because only 5%-8% of black money caught by the government. No celebrity, politicians, businessman are not stand in an ATM Q's for new notes and much-corrupted exchanges their money with the help of corrupted bank employees, where as the common people get suffered a lot for exchanging their money with new notes. Bank employees also help the politicians, businessman, other corrupted people to exchange their old notes.

I think this is a great initiative taken by our honourable PM. For those who are considering this decision a rapid one let us have a quick recap of 6-7 months prior of its implementation. Modiji took the campaign of linking all the accounts of every citizen with the respective Aadhar cards thus providing a window for the government to see clearly through the account of the common citizen. All the other plan such as pension yojna were steps for the implementation of this ban. Now talking about its impact, there were many reports of people caught with black money so wasn't it fruitful. Apart from it, there was a sense of fear in the heart of common people who were corrupt and which was necessary. It's also our duty to help a person who is working continuously working for our benefit to help him rather than criticising him.

According to my perspective, The Demonetization was a very bold and a good decision was taken by our owner able prime minister Mr.Modi. It has some benefits and as well as some loses also. First I want to talk about the benefits as we all know that all black money and fake currency holders are use most of the 500 and 1000 rs. Notes for their unauthorized and illegal transaction but after this demonetization their illegal property have no more valuable. As result we can found a big amount of 500 and 1000 rs notes in dustbin and gutters etc. That means it had affected corruption.

Coming to the loses it was also because of the government as the government should prepare them self and their workers for it before they allowance it publically that is they must have print enough amount of new notes before they allowance it so the common people wouldn't affect that much as they affected.

We can not use uprooted for corruption because it is like the branch of tree if one will cut it this will slowly increase again.

Mean to say it is a good initiative by government But the real thing is this people and officials should perform their real duty towards the betterment of their nation. Without this every step taken by the govt is worthless.

According to me, our ruling government takes a daring decision to ban on high domination of our 500 and 1000. We should welcome it open hand and support it. Because it helps to curb the black money. One thing is also good for our country due to demonetization the accumulated black money come out from terrorist group. Due demonetization to terrorist group faced financial problem because they have fake currency of our country.