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

The government didn't took any action on those who involved in correption. So what is the benefit of this scheme? What certain is that corruption does not happen anymore.

I think this is good decision to ban 500, 1000 notes. At least 30% of a black money is surrendered. But also think that this move by Modi ji doesn't reduce the corruption. If gov want to reduce the corruption then gov should apply some rule and regulation. Like in bank sector corruption is less. Why ? Because there is no way to do corruption. Everything is computerized. Every data is open. So I think in other departments also gov should apply some strict rule and regulation. In China, if the roads are damage in between 3 years from the road constructed time. The builder should repair the road by his own money. If he didn't do that then his license will be canceled. So he will definitely build it at least lasting for 3 years. But in India, you Know.

Thank you.

Demonetization is a great step taken by the modi's government. But it found to be of less worth. Eariler I thought its good Nd will remove the corruption. But later on I realised it wasnt fruitful. It was just a changing of clothes. And to common people it caused many problems. They daily schedule got distracted as they have to stand in long long queus for withdrawal of their money. And many a times they stand in queus still they dint get money. Due to shortage of Money in ATM machines. And secondly rich people and people those who are in power they dint faced this much of problm as they got the money exchanged in return paying bribe. They got converted their black money to white in return of bribe. So corrution remained the same. And the ban of 500-1000 was done unplanned they was shortage of resources and sevices. If it was done in well planned manner than smhow it could be of little worth. Thank you.

The banning of 500, 1000 notes have a very little affect, because it contributes a little to the economy. The lots of money, people have remained closed. It does not expose a big one. People with lots of money mainly invests in shares, land, gold. So it's a first drawback of banning it. Secondly, middle-class people and rural people were mostly suffered, as they go lining up in long rows for days to change their money and sometimes they find it so difficult to row in hot weather. Lots of burden to every bank and employees were working overtime. People who want to debit money from ATM rarely found it. Thirdly, the economy is affected by as it goes down from the previous year. The industrial business goes down, the companies market is also down. Unemployment goes high. People were rushed off from companies. But somehow the P.M.Got to know about the liquidity in the market and it is expected in coming years the next target will be land and gold. So before taking such a step which can create a major disruption, the think tank strategy should be used.

Thankyou.

I think, in our country corruption is in blood. It has such an awful impact everywhere that no action can ever rip it out. Demonetisation in it's beginning seemed to have a powerful impact but more than that it created the problematic situation. People were found exhausting themselves in queue whole day. But it doesn't have mattered if they would have got for what they were compelled to exchange their money. Ie. Bringing back of black money.

People said, the difference between rich and poor will be shortened through this process but no one can ever have a thought that Narendra Modi alone can't make the country perfect if evil people and other malevolent leaders inside the country have doggedly decided to retain its corruption.

Every law and order can only show it's effective consequences if and only if we all together are ready for that otherwise a single decayed mango is enough to make other mangoes go bad.

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?

Demonetization was one among the excellent initiatives of the government because it can help them in curbing black money. By doing so many corrupt people money have been wasted like a heap of rubbish. But at the same time I too think that the idea of bringing 2000 rs note into use is absurd.

Hi friends,

As we everyone knew that in this world everything has two sides good and bad. Demonetization was implemented on 8th November 2016 which created a boom in our country. Implementation of demonetisation was a good source or startup of reducing corruption. Although rural area people suffered a lots but for any startup of country development some or other has to face. Due to demonetisation there was huge shift towards electronic payment like paytm, bhim etc. This made the mode of transaction in easier way. Demonetisation also made corruption open eventhough it's not completely vanished but was a good step to reduce corruption. Finally, I would say for any startup to develop our country difficulties arises but that should be faced with unity.

In context to demonetisation of 500 and 1000 notes, my opinion is that it just changing clothes. As we can saw easily that intially this step is welcomed by almost everyone even by middle class and poor people in a hope of helping government and discarding black money and ofcourse corruption from society though they are the part of society which have to face a lot of problem during this phase. People have to stand in lengthy queue for exchanging notes, they even couldn't have sufficient money to buy their daily use products.

Also, as claimed by some news reports, rich people had information about this demonetsation before its actual announcement so they smartly converted their illicit money and don't have to face a lot of problems as faced by lower class. Societies. In addition to this as reported by some politicians and economist most of the illegal money is in the form of jewellery, properties so this banning has no such good effect on discarding black money from society.

As reported on august 2017 that 99% of banned currency was deposited well in banks leading to only Rs 14000 crore of total denominised money had been discarded leading to total failure of highy preplanned stratergy.

Definitely, corruption uprooted by banning 500 and 1000 rs notes. Only corrupted people face difficulty due to demonetization because there precious is in danger so they have to find several ways to save their taxless money. My family did not face any difficulty at that time because we did not have black money the only difficulty we faced is to be in the queue to withdraw money.