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

Hello friends,

After our Government had started demonetization previous year, many cases of black money have been found. But still, there is an existence of corruption due to the presence of black money used for different purposes. Many of the rich people started paying tax after demonetization so this is one of the great success of our Government. But corruption would again begin with new notes i.e., 'It just changing clothes', by the way, political parties does.

The best way of ending corruption is to move towards digital payment for which government had started taking actions. So corruption can only be uprooted until every single people of our country starts digital payment.

At first, I think banning 500 & 1000 rupees notes will bring black money out. But after some time I just realized that this just turned the black money of corrupted people into white money. Only the positive thing of banning notes and bringing new notes is that we get rid of the notes with cheap words & drawing made on the old notes. Ordinary people suffer much from this decision by leaving their work and standing in the lines of banks. This also impacts on bank staff as they have to work for extra hours. At last, I want to say that banning 500, 1000 notes do nothing on corruption although it becomes easy for the corrupt people to store their bribe with 2000 rupees notes.

Hello, friends. In my point of view, the ban on rs 500 and 1000 notes is really good and bold initiative taken by our pm. It will reduce the circulation of black money in the market. There are some advantages of it like.

It has increased the deposit in banks so now base rate will decrease and the people get a cheaper loan, as well as they, had to exchange from the bank so there will record of each account and transaction so by this way black money could easily found.

Many companies and businessman had caught by it department for the illegal money.

It has also reduced the terror funding.

Hence we can say it is a very effective step towards corruption taken by the government.

It can be well understood by an example- Consider a room which is full of dust, scrap materials, useless papers and many more things like that. Now if we want to remove this stuff what we will do? Surely we will clean it but yet some stuff would be there. In a similar way by demonetizing the old notes it will clean up the system but there are certain areas which can't be clean up. Also, many news comes up daily that this much amount gets seized so it results into cleaning. So yes it helps to uproot the corruption but as feelings always attached to human beings similarly corruptions are always attached with the system only thing we can do is to be honest and make people honest.

Hello,

What I believe about demonetization, this policy had failed in India. Although it is a good step taken by Modi government but not in a planned manner. Corruption has not been cured neither came out in front of the Indian government. At the time of demonetization, People of India was exchanging notes at some exchange rates and manager of banks also caught by Indian government exchanging new currency notes with old currency at some exchange rate. This step back fires the Indian government what actually has decided and the result came out, both are opposite. According to me, it is a great step to fight against corruption but it should be planned before taking a decision.

I think demonetization is a good step and it is the first step taken by our great PM to avoid corruption. Though we cannot say that black money is completely gone we can say that it is reduced and lots of people are paying now taxes properly. And the people who suffered lot are the middle class and low class because it has become very difficult for them when they first heard the news. We as a citizen though struggled hard to avoid corruption we must accept it and do the things in a right and proper manner. We should not wait for a change to come instead we have to start the change with yourself. This as a citizen of India we have to do it for the development of our country.

Hello Everyone!

The sudden ban on 500. 1000 notes were to stop black money from the system. It was campaigned in favor to improve the economy. After going through all the processes, awaiting in long questions by middle-class people and sacrificing the life of many proved that ban 500, 1000 notes were just changing clothes. Only middle-class people suffered. As per RBI data all money back in the system which was in the circulation before the ban. Now the question arises where black money has gone or does black money exist in the system. If yes, then why these are not being stopped?

So it can be said that banning notes was not an appropriate action to pull black money out.

Obviously, implementation was not so good. It implemented in a hurry to make public fond of Modi as it was announced in 8 nov 2016 and there was an election in UP in Feb 2017 so gov think that this is a right time to implement and till the election, the problem will come in under control and this makes Modi famous in the country. That's why they announced demonetisation in a hurry they know if they would take some more time then maybe the situation will not be under control until election and people will not vote him. So demonetisation was for the benefit of their party. As we all know how media make this news a sensation and Modi a good leader. But it was just POLITICS.

It is a good idea and that main aim of these procedures is make an India as a corruption free country and also black money but it is not affected the corrupted people it's fully impacted on common people's and no minister is suffering from this idea normal people are suffering because only normal people stand on the road and collected money in the bank with that so much of struggles but any politician or any rich people not stood on the road and also in the banks how they get money and says all Indians are same where is that and my opinion is India failed in this demonstration it's all affected on the normal people's it's not working on the politicians and rich peoples.

Demonitaization is idea of our prime minister Modi. Demonitaization means ban 500, 1000 notes. Due to this, so many common people are suffering with some problems but it is one of the chance to reduce black money. First what is mean of black money, Which money have we doesn't pay the tax what is black money. Paying the tax for our income is very citizen duty. If every citizen will paying correct tax then there is no black money when there is no concept of demonitaization. But some people aren't paying tax to government so Modi introduce this demonitaization. Due to this so black money is come out and this money is useful for poor people to overcome from their problems.