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

It's not small step to our economy, but it must be in a proper way. It's not a work of a peon, it should undergo a supervision. Carefully needed to be announced, because if you have God's to do ri8 to our nation, come forward as.

Rulling party not as like brain function of a class-d worker.

On 8 November 2016 when our honorable prime minister Narendra Modi announced the demonetization, it means all 500 and 1000 rs note are not acceptable in the market that the big decision to anyone. I think its the good decision but its implementation is not good that is should be. Because after that decision our economy GDP goes 7% to 6%. By the demonetization, every people are affected. And I think most poor people are a blender in this process because if there is no money in the market so the poor people who based on daily wages. They are totally unemployed and for survive they have to stand on the long question at the front of atm. That the reason I against of demonetization. Our prime minister said by the help of demonetization we reduce the black money in the market. The fresh report of rbi is said only 1% 500 and 1000 rs are not back and the 99% get back in the bank. So I think demonetization is a good idea but its implementation are not like that it should be.

The banning of 500 and 1000 denomination note was aimed at a social evil that is dragging our country's economic growth- the corruption. But it adversely affected the society because of its improper implementation. The common people and the entire economy struggled a lot after demonitsation. The post demonitsation period lagged behind the expected growth. For what it was done just happened the opposite.

Last year in November, our honorable PM Modi declared that from now 500 bad 1000 RS notes won't be a legal currency and even gave a span of time for exchanging old money with new one.

This was a very bold step taken by the Indian govt and the major reason behind it was.

1. to fight corruption.
2. to reduce the flow of black money in Indian economy.
3. to reduce face currency.

I think it was a very good step taken by the govt but it wasn't implemented in the manner it should be. The government didn't prepare for it there was a shortage of new currency. A Common man who was supposed to be benefited by this act suffered a lot bro it standing in endless lines and the limit of the transaction. Also, the old people and poor and uneducated unaware people were also affected very badly.

Corruption instead of decreasing increased.

Do I think it could be a very good move if before just declaring they were move prepared for the worst? A demonstration has only burdened Indian economy by the additional cost of printing more notes.

If we talk a serious debate on demonetization issue than there is a lot of things which we have to discussed.

Firstly, we talk about its advantages, it is a short-term process of applying a brake on a problem of corruption, terror funding, and many other black market business. If it repeated continuously after a certain period of time such as 10-12 years than it may be effective. In order to gain more from this action than it should be applied before elections. On the other hand, if we talk about its demerits than it will affect innocent people more due to our corrupt system. People died due to poor management. Some rich people having good political connectivity recover more than half of new circulated money. If we are equal than we could not do such discrimination on the circulation of currency. Moreover, farmers suffer more than anyone else. At end, I must say a demonetization is a good approach for the progress of our nation but with this, I must say it should be applied for everyone not only for poor but also for leaders, rich, actors, singers, and many other. It is successful only if we see leaders, rich, actors in a line for changing notes.

Banning 500 and 1000 rupee notes were like a changing clothes. As our respected Prime Minister Shri Narendra Modi took a decision of demonetization on 8th nov. 2016 at the evening.

But according to me, nothing is changed. Only common people suffered and those who were corrupted they exchanged their money by buying gold or did investment in properties.

The Government decided demonetization to reduce the level of corruption but it doesn't seem like it worked.

To find corrupted people common people suffered although they weren't a part of corruption. In search of ruin, spoil, dirty and big fish government take out the whole water from the lake and the result is small and healthy fish also died because of the scarcity of water. The Government should think about common and rural people.

Hi everyone,

According to me, Demonetisation has both advantages and disadvantages. Because of demonetisation the value of old 1000 and 500 notes became zero which reduced the illegal weapon businesses with took place between the terrorists through fake old Indian currencies which is an advantage and the replacement of the old 1000 currency notes with new 2000 rupee notes may increase the production and easy transport of new 2000rs fake currencies which is disadvantage.

Demoralization is the good move by the govt and this move is the fight for ill society like black money, corruption etc. This is the good move by the government. But I think so that govt and any authorities is not prepaid this activity because poor people and old person are very suffered and standard in ATM lines. But this is the short-term losses.

I can't say anything about this right now because I'm cashless nowadays and I can't tell this to anyone so I'm posting here only but without cash also I can survive. If I know how to live with cash. Then I should also know that how to live without cash?

I think now it is time to discuss not ban in our country. It was a very difficult decision to make and it is also a brave decision. But not implemented correctly because we didn't got those results which we want from this decision. There are so many people which are affected by this decision but they don't get any benefit from the government.