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

Banning of old 500, 1000 was a good step taken by the Indian government which in single word it is termed as" demonetization". Though it doesn't have created any great impact, it just a result into the changing from old notes to the new notes. According to RBI 99%of the old currency was being returned to the banks. After introduction new 500 and 2000 notes, the duplicate notes was also been introduced into the market which affects the Indian economy. Though the corruption was not vanished completely. Now the corrupt person asked for new notes to do our work. According to me, expect some thing the demonetization is not the great way to uproot the corruption.

In order for any plan to be successful, it is 1% idea and 99% execution and the same applies here. Banning 500, 1000 notes was a good initiative by the government but was not executed well. It helped rich people in converting white money into black money. Middle class people were the affected ones as they stood in front of banks in queues for hours and the rich people got their money changed into white. The only positive is that people started using online payment applications like paytm, bheem etc. For rich people it was just change of clothes, but still it left footprint in their mind that government can bring some other initiative to uproot corruption.

In my point of view, corruption is not uprooted it just changes it's clothes. Why because it collect the black money which is inside the country. But what about the money in foreign banks. Lot of people deposit their black money in another's account and make it to White money. So, it will reduce the black money up to some extent only. The foreign banks are not willing to give the information regarding the persons having accounts in their banks. If they help in this context corruption will be reduced maximum. With the demonetisation, only common people suffer a lot. It is a good initiative by the NDA government but it is not properly planned and executed.

Demonetisation, in my point of view, is a very good initiative taken by our honourable prime minister. It is a first step to eradicating the corruption, though it may not fully uproot it. So before criticising about what he has done (i.e. Demonetisation), we must participate fully for its support. For any revolution to take place, we have to handle some problems.

We must make an active participation in it.

This step has given a shock to a lot of rich people who had black money. A lot of black money came out during this period. Therefore I would conclude by saying that a minor portion of corruption has been uprooted by the banning of 500 and 1000 notes.

According to me, I guess the planning was good but the implementation was not. If the implementation was good then the middle-class people don't have to suffer and not to stand in a queue. There was so many ways govt can handle this like if they can just inform the banks that they have to work for more hours to handle the chaos that was going to happen but they didn't. Most of the banks instead of exchanging money they just told us that we don't have money and they took all the money to help someone they knew. They didn't care about we the people who are struct in a queue for hours so at last I just want to say that this step didn't make any difference.

Hi; guys, I am Prathyusha.

And in my point of view, the ban of 500 &1000 notes are not just changing clothes.

It is a step to fight against corruption, demonetization is implemented on 8 nov 2016.

I think nothing gets changed, not effect on corruption so, many members saying that Black money was found and Change to white.

Any person who has black money he will be an influenced or rich person he can easily translate to black money to white.

In banks also, I can see so, many normal people standing in front of banks I did not see one rich person standing in front of banks.

Finally, I concluded that nothing gets changed to ban of 500, 1000 notes.

Yes, the demonetization is a bold step taken by our Government In some extent, black money reduced by demonetization but if it has planned previously then it would be more effective in decreasing black money. Citizens of our country faced many problems but if we want for the development of our nation then we have to contribute some from our side. In the other hand, people faced problems by standing in a queue in front of banks and ATM for exchanging their currency. By demonetization the growth rate of the digital transaction has been increasing. Which is a bold change in economy growth of India. So it was just not changing clothing. It changed a lot.

Ban 500, 1000 note is very good topic now a days. It is a very good topic for discussion, and dynamic topic too because there are various opinion behind that some people say that it will reduce corruption, some people say that it is only temporary change after some time corruption will again infect the society.

But as a Indian or as a common man, I will accept and respect the government decision because after some regression most of the public said that, this decision will vanish the corruption.

Some years ago there were lots black money was in swiss bank, but after note ban that money value became zero.

Lots of duplicate note's has been vanished.

In my point of view, banning of 500 and 1000 rs notes is a great decision of our PM Narendra Modi. It is a step to control of flowing of black money but by implementing this step is not good. Becuase some people who have the influence they easily change their money to white and some bank managers also supported them. This is the main drawback of this banning money. It will effect some more but not heavily effects who have black money. And another drawback is most of the elder people are affected by illness, They have no bank account. They are waiting in queue for changing money. Working man& women they lose their one-day work for changing money.

As there is a head and tail for every coin, banning 500 and 1000 notes rupees also has some boons and banes.

Prime minister Narendra Modi had implemented this idea in the month of November of 2016 in order to curb Corruption in India.

Boons:

It reduced the corruption in India.
India is going cashless.

Banes:

Idea is really good but it is not executed properly due to which middle class and low class people suffered a lot.
Banning 500 and 1000 rupees is really good to curb corruption but new 2000 rupees notes are introduced, which is not at all a good idea because more amount can be stored with less number of 2000 notes compared to 1000 rupees.