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

In my view, the demonetisation process was a great step of Modi Government but mostly those who were actually the cause of corruption had somehow easily managed to exchange their notes into someone else's accounts and paying them in return. The common man suffered a lot as they had to wait for hours out of atm, just to get a 2000 rs note. Sometimes they didn't even get that also and there schedule was also disturbed. The higher classes got their money exchanged by others by paying them bribe they did so. So, the common people suffered and the higher classes easily handled the situation by paying bribes in return, this invoked even more corruption.

Demonetization was introduced by the Modi government in order to curb black money but it couldn't achieve its aim due to many reasons firstly this change affected the middle and low class people to an extend the government should have made the availability of notes more easy and the quality of the notes should have been good and there have been news that the new 2000 notes are being damaged and the 98 percent of our money has returned to our banks and there has been latest news from them RBI Governor Raghuram Rajan that he has not supported the demonetization and all this shows that respectable PM Narendra Modi has plotted in favour of the rich.

Demonization was a good step to take the black money out to remove the corruption but the execution was a complete failure they didn't able to provide the new notes on time because of that people suffered and no politician or rich people was standing in the queue there were only poor and middle class people who stood in line for hours, and most of the rich people have connection with the bank managers as we all know they changed there notes without standing on the queue and poor people suffered for their own money and just for few notes the execution was complete failure and now we can see it hasn't changed anything everything is still the same.

According to me, everything comes with some pros and cons. Although the government tried it's level best to eradicate corruption from its base. But, I think the planning procedure was not adequate. More stringent measures should have been taken. Despite of all the efforts, it's not only the sole responsibility of the government alone, we the citizens should also contribute to this matter. And it is only possible if we remain self content with whatever we have. The desire to have more is the main reason behind this corruption problem. So, I think this action could have been better if we ourselves try to put some efforts into changing our mindset.

Hello everyone,

Yeah, as we all know that. The banned of these two currency(500, 1000). Most of our citizens, were in favor of this. Yeah. It's really a good thing. But I'm in against of it. What we got is nothing. Our 98% of Money is back to the bank. You know, by banning of these currency doesn't affect the development of our country. Our respective PM Mr. N. Modi. Have launches many schemes, that's good. But banned of these two currency takes many more souls.

Presently what we got is nothing. Accept shocking news over there. By returning of all 98% of currency.

I hope you people should understand, what I really wanted to explain.

Thanks.

We have a government system to take the actions against the frauds, criminals, terrorists and corrupted people. Still, the ratio of corruption is high in India. This is due to lack of awareness, corrupted authorities and sometimes because of us, as we are not loyal to are duties, we never follow any rules and regulations by which people on higher rank gets the benefits and we all suffer. We all have a habit of blaming others instead of doing our jobs. So according to me, this demonstration can stop corruption at some level for some coming years but there should be a way where the ratio of corruption starts decreasing or finished form the India.

Demonetization is a not a root up step but it is a good step which has already taken by our honourable pm. Firstly, I want to say this one step is only to eliminate the black money because of this step 5 to 10 % black money is in front of us but other 90% is already hidden. I think with the help of this step we remember that how much money we have in our country we lost our everything in the time of politics mostly politics are corrupt because of bank managers and politician this demonetization was not rooted up it was only well and if want to see the major change in our GDP and condition we should take continue these type of steps. Thank you.

Hello.

According to me, demonetization was one of the steps taken by the government to reduce or remove corruption from India. And up to some extent government got success in it. But it seems very difficult to remove corruption from the roots of India.

After demonetization, a lot of black money was collected which could help in the growth of the economy. So, we can't say that it was just changing clothes.

On the other hand, corruption is deep rooted evil and to remove this evil, our government needs to take more actions than changing currency.

At last, demonetization was a necessary but not sufficient step to remove corruption.

Thank you.

I think intentions behind banning notes of 500 and 1000 denomination to hit on black money was right but there were issues with an implementation which defeated the purpose of this big step. People have surplus black money (500 & 1000) have great influence because of there economic status and they get involved with banks to convert their black money. People were initially allowed to deposit/convert currency and investigation to establish the source of money was initiated later on. I think before allowing the people to deposit govt should have to establish the source of that money and it would have discouraged the people with wrong means.

Hi friends, it's really a good topic to discuss on, banning of 500, 1000 notes s not just changing clothes, though the government has implemented aiming at removal of black money, it really influenced on the common man. Every black money holder had taken his/her own steps. They made their life, money safe but what about an individual. Government has received only 30 percent of the money what about the rest.

Even the people who are the holders of black money can even link up with the bank employees by offering them bribe. So, the rest of the money what government is expecting is not back. Further improvement is essential in Demonetisation.