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

Demonetization lead to corruption uprooting for middle class people as the money flows from missile class people to high class people so if they don't have money only then how will they give corruption but for high class people who are powerful for them its just changing clothes as they found different ways to convert their black money. And also due to demonetization middle class people suffered as they was no money flow in the market, govt should have educated people about digital payments and then if they would have done this demonetization then atleast the middle class people would not have suffered much.

Our Hon Prime minister Narendra Modi taken good decision to remove corruption from our country. Banning of 500 and 1000 rs notes became a headache to black money people their wealth accumulated because of black money and by banning the notes, our country will get some money to help suffering people for eg farmers etc. But poor people who are illiterate they don't know to use ATM even people don't have atm cards now we have to educate them and make them digitally emp[owered. So that our country becomes developed. And people are secure by means of digitisation. So I appreciate banning of 500 and 1000 Rs notes.

Ban 500, 1000 notes was the good step taken by our honourable prime minister. Through the common people and poor people faced to some problems but in this way black money came out the pocket of illegal holders. Demonetization reduced the corruption. We can't say that was like a changing clothes. Demonetization was like nasty kick for illegal holders. They were a force to come out their wholes. If we want to some good change then we have to face some problems. Light comes after darkness. Ban 500 and 1000 notes werethe good decision taken by prime ministor. In this way, a portion of black money was reduced.

In my opinion, the government has a set of ideas towards curbing the corruption and note ban is just a step towards it. There were many people who have stacked the amount safe in their lockers which has become useless. So if the whole idea to stop corruption would be just to ban the notes, then it won't be efficient enough as it's just giving the head start to all those corrupted people.

But if as promised the government has planned well the further steps and also the government has planned for the nation to become cashless in coming years, then I think this note ban will work pretty well in that case.

According to my opinion, the new notes of 2000 and 500 Rps prove to be beneficial to some extent. The only thing the government have done is by making the people stand in a Que in front of the banks and brought the entire money under a legal transaction. For a few months, the movement of fake currencies came to a standstill. But nowadays many fake currencies of 2000 Rps notes are seen. Some of the black money holders are in trouble, but the maximum no. Of corrupted people have their accounts in swiz bank hiding billions of dollars. Our government has to do something to bring all the money back to India.

Hello good evening. In my opinion, the ban of 500 and 1000 notes is really a big mistake. The demonetization affected our whole Indian market and we didn't recover from if after a long time. The whole financial problem that we face is a after affect of the demonetization. People waited a lot in front of ATM that is the main achievement of the demonetization. Yes, there is lot of corruptions and black money in our country but their proportion is very low. Not all the people are engaged in corruption. For destroying low amount of corruption don't need to disturb all other people of our country. Thank you.

Hello good evening.

In my opinion, ban of 500 and 1000 notes is really a big mistake. The demonetization affected our whole Indian market and we didn't recover from if after a long time. The whole financial problem that we face is an after effect of the demonetization. People waited a lot in front of ATM that is the main achievement of the demonetization. Yes there is lot of corruptions and black money in our country but their proportion is very low. Not all the people are engaged in corruption. For destroying low amount of corruption don't need to disturb all other people of our country. Thank you.

In my view, banning 500 and 1000 notes is not a good step because of this poorer and middle-class families suffered a lot and hundreds of death's caused and no one has taken the responsibilities of the families who lost their life in exchanging new notes!

Instead, govt should have kept an eye on sources of income, properties, cars, bungalows of Richie rich people like the billionaire, millionaire, MP's, MLA'S, GOVT OFFICIALS, PUBLIC SERVANTS and should have questioned them how they are able to get all these. As these facilities are beyond their income and should have distributed to the needy people!

Hello everyone,

According to my point of view, demonetization is the great step taken by PM Modi to stop corruption in our country because it is the main problem of our country.

But its not work in proper way because of this most of the middle and lower class family suffer so much. Thet have to stand in long queue to change their note and the other side for rich people its just like to change a cloth from the shop. They use their contact to the bank managers to change their notes.

Demonetization directly affects the poor people who stand in long queue to change their notes. They soffered so much.

Good afternoon.

Well corruption has its deep roots. It cannot be completely uprooted with a single move. By banning 500 & 1000 rs. Notes, our hon. President Mr. Modi has initiated a move against it. The effects of this ban has created chaos among the black money hoarders ultimately busting a few many. Digitization is promising since whatever transaction is made is under surveillance. It may have a positive impact on our economy by bringing back the black money to the government's treasure, thus resulting in price fall which are under public sectors. The fight against corruption has just begun.