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

Hello everyone.

Banning 500, 1000 note is good movement by the government. But, not gone as per they thought.

Because of this, Farmers, small traders are experienced very difficult to find the way out of it. Small businesses stop because of no cash in hand. On another side, big businessman is not worried about it. They are free from the process.

According to the government, 99% plus demonetize is back to the bank. That simply not possible without the accepting money of big businessman.

Government intention is good or bad that's doesn't matter. Because no black money is recovered from the demonetizing. And government should accept this. So, It just changing clothes like that.

But last, Because of that the digital payment increase very well. That's the benefit from it. On the black money part, there is no need of demonetization at all.

Thank you.

Hello, guys,

I am Prasanna and what I think that yeah demonetization was a brave step from our PM Modiji and I am also agreed to the point that I caused a lot suffer to only the poor and middle-class population of our country. But since as we Indians know that Congress were ruling India for so long and we have witnessed many scams from that time the corruption started spreading like cancer. He Mr. Modi ji has got only 5 years to do some serious changes so that we can have better future for us. Yeah banning of 500 and 1000 notes were looking like a giant step in order to eradicate the corruption but it didn't work the way it had to. But the step had to be taken there was no other way we could think that could possibly eradicate corruption from its root. So the step had taken and we suffered but at least what I see people now are getting aware of all these they are getting curious about how they can possibly avoid corruption on their own. This is what we need, we need to stop this from ourselves. Because the complete burnout of corruption is not possible. So we need to accept the steps if there's a little hope for a better future. We need to suffer a little as we are the people who wants this country to get corruption free. But the first thing to do is it needs not to spread from the oneself. Thank you.

Hello friends,

We know change is always necessary. But we have to view both prospectives. The change gives advantages such as new technology, new experience and many more. Also have cons such as miss use, an economical burden.

As per my point of view when anyone trying to change a system then they should aware of the effects and solutions for different problems. When notes are banned by the government they are not at all aware of side effects from that. Actually, government systems are not prepared for such quick decision. Also, many non-literate people are. Apart from this students also faces many issues regarding college fees, accommodation fees etc. If government preplan all the event before the time it may result in a good growth of the economy.

As my point of view, the government failed to achieve the desired goal.

Thank you!

Hello everyone,

In my point of view, demonetization was a good step towards reduction of corruption and black money. Due to demonetization a big amount of black money had been caught.

Although in the starting people had to face many difficulties like standing in the row for hours but they did it without any opposition and supported the government in this great move. But as we all know that corruption and black money are spreaded in our country widely, and it can not be removed/cut out in just one step, so to make India a corruption free nation few more steps are needed like demonetization. Hence the step of banning 500& 1000 notes did not go in vain, corruption is much reduced through this step.

Hello friends.

In my side demonetization is correct (In the first demonetization means changing the currency) but, implementation of demonetization is not sufficient to process. Because most of the rural people suffer by the sudden stroke. But some good situation we are facing near future, the first moto of the demonetization is to come back the black currency, but in a real situation, we are facing completely difference. The NDA government totally fails by returning of black money.

So, totally the mission is collapsed.

I have been coming through many posts here, and I want to share my opinion.

In my opinion, demonetization is mostly kind of changing clothes more than tackle with corruption, Exploring black money.

It definites that it was a powerful, bold step taken by our honourable PM Shri Narendra Modi but unfortunately it is not becoming a success. According to me, it is most kind of changing clothes because whatever the circulation of the money was 99 percent of that has been coming back to RBI. Therefore there is no cracking of black money. Many corrupt people were able to change there high-value denomination 500 and 1000 rupee note very easily by shaking hands with bank managers. In case of corruption high-value currency is very useful as it is easily carriable and of course high value due to which they could keep the huge value of money in a single file, therefore it was good to demonetize to crack that corrupt money. But again a high value of currency note 2000 rupee has been coming which has high value than before, therefore this will again lead to corruption. That is why I want to say this is mostly changing cloth. It has a very little significant crackdown on black money which is more than the cost that has been spending in demonetization. Not only that most middle class and poor people were suffered more.

If you have 500 or 1000 notes then frame it. It depicts an end of an era. The sudden, surprising and bold move by the government to ban the denominations of 500 and 1000 notes. It left all in panic. As we that every change /revolution need a bit of screifice.

A huge and costly dent on black money.

1) The prominent effect on that people who has the money in the form of currency. This will hit the unaccounted money more effectively because most black money is hidden in the form of 500or 1000. The ban will render the 500 and 1000 notes useless.

2) this move will enormously effect the terrorist org. And arm buyers so they can never be able to legalize the possesing money.

3) they can also be able to remove chunk of counterfeit from circulation.

4) the income tax dept. And bank also keep their eye on the big amount of deposit or tranfer to other account. The black money increases the inflation as the cash transation is most prevalent in India. This will tighten the noose on illegal and benami assets.

5) if someone want to return black money the can give and it will benefit the nation itself.

6) the new 500 and 2000 notes are more secure and difficult to fake.

Corruption just changing clothes.

1) this cannot be uprooted completely because it is human tendency and nature we can control it by just ourselves.

2) the only it affects the citizens and the small time corrupt people. The big fish escapes from small brushes.

3) most of the corrupt and imposter person are hide their black money in the form of gold, jewellery, precious stones etc.

4) The people will get another chance to make unaccounted money.

5) more black money than in India is stored in the tax havens and it nearly impossible to get that unaccounted wealth from outside.

It is a start. There is no panacea for the human tendency towards greed and corruption. It is not a victory but it is a victory nonetheless.

According to my point of view, in these days taking much risk fully steps by the government to control the corruption like ban 500, 1000 notes by this important step large amount of corruption is stopped but at the time when 500 &1000 notes are banned then there is much difficulty for the poor to change their notes but by the corrupt people the money is changed easily by the bank employees so on this type of steps corruption is something stopped but there are many problems are facing by poor people by.

In my point of view, the demonetisation of 500, 1000 note work at some level. The main aim of Modi Ji of demonetisation is to eradicate the black money from the corrupt people. I think it doesn't work. Some people also surrender themselves but the money cannot be completely eradicated. People also makes the solution of that problem.

Hello, everyone.

According to my point of view, banning 500&1000 will not completely uproot the corruption because here everyone says that only low class and middle-class people suffer by this demonetization and high-class people are not but the thing is converting black money to white they have used accounts of low and middle-class people. So to get corruption free India every person should be aware of what he is doing and for whom.