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

Hello.

I think the most caused to ban 500 and 1000 notes are terrorism and black money. We have known that the fake note is produced more by terrorism campaign. On banned 500&1000 notes the poor person are facing more difficulty because they live in a village where less banks are situated and the rich man exchanges the notes by bankers to give some money, to add a different bank account. I don't know what economy has raised but my country had very struggle due to demonetization time. In time many people are die in stands in a bank line.

In my opinion, demonetization is giving negative results because middle-class family is suffering than richest people. Rich people exchange their old notes by giving some money to bankers.

Demonetization i.e Ban on old Rs 500 and 1000 notes created a major impact on Middle-Class People in Day to Day life and in terms of value 15.28 trillion rupees were recovered from that of 15.44 trillion (98.96%) and if it was introduced there to reduce the corruption, then it has not created that much impact on corruption but it has solely affected the fulfilment of basic needs and various facilities for a span of months.

As per the introduction of demonetization for promoting online transaction, there is a little bit growth in online transactions but India is a country which requires time, in fact, a long span of time for effective growth of online transactions.

According to me, as we know a coin has its two faces one is head and the other is the tail. Demonetisation also has some advantages and disadvantages. If we really want to see our India corruption less we have to give our contribution as the government is taking so many steps such as banning 500-1000 notes and GST to make our India corruption less. The decision of demonetization is an initiative and the purpose behind this decision was bring out the black money and make India cashless which is essential if we want to see our country developed.

According to me,

Demonetisation is mostly affected by the middle-class people in the country. I can't see any wealthy people in the country were in the large Queue's infront of the bank. It is the worst policy by the central government.

Only beneficial of demonetization is one of the richest people in the country. It's not just for reducing corruption and black money but for wealthy some of the co-operatives in the country.

According to my opinion, demonetization is important in regularly after 10 years according to our constitution.

Due to demonetization corruption stop by 2% but not whole. Our prime minister Narendra Modi have taken a big step to stop the corruption and back up of black money. But for middle family is created some problem but it is right step for a developing country.

A decision of demonization is the risky move by this current government. Yes, it admirable. As after demonetization news of old currency notes were found in the garbage. This shows that something black activity is there. Move out black money such step is necessary. Also, government working on getting information of black money holder from various banks across the world. Corruption will uproot need some time wait and watch.

In my opinion, demonetization is the but move but before implement the process all the politician and black money holders are all change the black money into white money. Due to this reason the implementation gets fails. And also the middle and poor stage people only gets suffer from this demonetization.

Hi everyone.

Demonization is a step taken by our honorable prime minister. It is a good step which not implemented perfectly but it shows some effect like somewhat our country GDP increased by these step but according to me 5 percent black has been caught and we never seen demonization effecting black money holders so both positive and negative faces or there like a coin had two faces but according to me it's a great step with small change and less effects.

I think Demonitation is a drastic step taken by PM Modi Government on last November, to exchange the currency also given a very little time, mainly to increase Cashless transaction and enhance the economy growth of India. Due to this poor and middle class suffered, to stand on a long queue for a few thousand rupees, no amount is used to available in ATMS and banks. Higher grade people is continued by bribing the officals to complete therepending works, next to avoid fake currency but I guess no within the release the new notes, fake currency started producing, it is running everywhere in India.