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

Hello friends,

After our Government had started demonetization previous year, many cases of black money have been found. But still, there is an existence of corruption due to the presence of black money used for different purposes. Many of the rich people started paying tax after demonetization so this is one of the great success of our Government. But corruption would again begin with new notes i.e., 'It just changing clothes', by the way, political parties does.

The best way of ending corruption is to move towards digital payment for which government had started taking actions. So corruption can only be uprooted until every single people of our country starts digital payment.

The Intention behind demonetization was to curb parallel economy due to black money which has been running from very long time due to which there was a heavy burden on tax payers. After this decision people sitting on piles of black money had no other options to keep those notes with them. Though not entire black money has been controlled this has created a sense of fear among the black money holders that in future too such decisions can be taken. Talking about middle class and daily wages workers even they have to pay indirect tax such as on food items which is a compensation against non tax payers and due to this move the cess charged will be reduced which will be a relief to both middle-class and poor people in long run.

Hi friends,

In my point of view, the corruption might be holding on for some time, and again corruption was started with new notes.

Ban of 500 and 1000 notes is a good step toward corruption but really can not stop corruption by this activity. Only got out some corruption fund from the public.

The Ban of the 500 and 1000 may be very much good for the corrupted member but it makes the poor to suffer much and make the employees in the bank stress.

We were expecting a ban of 500, and 1000 notes is corruption unrooted but the result is not as expected because planning was not up to the mark there were so many loop holes so people could have easily exchanged their money. The Poor and middle-class family only suffer during demonetization.

Hai guys!

A Few months ago 500 and 1000 notes were banned and it is an invitable action took by the government against corruption. But the implementation seems to be a failure because they didn't take the required precautions before and during the implementation. The Government said that notes with high currency value lead to the high range of corruption but, after the ban of 500 and 1000 notes they introduced the 2000 notes, then what about the range corruption now?

Let us take the above decision in positive angle and we should assume that the corruption existing up to now is cleaned away and now the government needs to take action to prevent the corruption in future, otherwise there is no use if also the government has to ban the notes for hundreds of times.

Hello, friends.

In November 2016 midnight suddenly a news had broken that what we are considering legal tender was no more to be termed as legal tenders. There was a ban on 500/1000 rs notes a huge decision by our prime minister but is it actually helped to uproot corruption well actually not we all heard that many people got their notes changed by illegal sources even many people earn a lot during that phase by exchanging notes by offering lower percentage. All that was claimed by the government was that they took this step for bringing back the black money circulated in the economy but actually they gave a change to uplift corruption at that time many bank officers were also involved in exchanging black money even that step leads to a change were people got their black converted into white. Even government is not allowing people to get their old currency notes change as they promised from RBI. There are numerous genuine cases where people are having old currency and they are not getting any chance to get them change. After so many months passed after Demonetization, there is not a huge change in the rate of corruption so it's just a change of clothes where all those got benefits which had sources and the masses of people got only problems.

Thanks.

Hello friends,

In Nov 2016, the Indian Government demonetized around 86% of the India currency, which is in itself is a historical decision. This has led to many hardships and struggles for the common man and the economy too has suffered, even if only for a short term.

Moreover, all the money that was in circulation had come back to the bank, so where has the projected, so called black money went? With time, the money is and will be withdrawn and the same corruption will continue, this time in the form of new notes of the new denomination, wouldn't it?

But does that mean, the demonetization exercise has gone up in the winds! Any exercise's success or failure, in democracy, can only be decided by the number of people supporting it. And, we have seen that, barring some critics, there have been hardly any mass protests against demonetization.

It has led to a tinge of fear for the hoarders and a ray of hope for the masses and that is quite something that CAN eventually lead to the uprooting of Corruption in our country.

First, we should understand the different aspects behind the demonetiZation, after that, we can discuss it's failure. Aspects behinds, were-1- stop illegal funding, 2-stop use of parellel economy, 3-to know legal economy. And I think, if you are a true nationalist you will also support this. But the fact is that if we only think that if a step has taken it should have immmediate result. I Know We Were Unable to stop the corruption totally but somehow a message was conveyed that such action can be taken once again to take hold over parallel currency. This action of demonetization will be helpful for the middle-classs citizen as well in terms of taxes. I also at the same time understand the fact that we had faced many problems but we can do this much for our nation. Please stop doubting every thing, and if you are geniune and not doing things with a wrong intention you will be able to find the solution as well.

Thank you.