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

Hi,

I am Prakash.

Today topic is digital payment secure or not. So I Think This idea good for growth our the country. We can do it an easy online transaction and save the time.

And also black money cannot be hidden in digital banking.

Most of the person standing in a queue outside of the bank so apply this idea after that easily solve the problem.

But some demerits Most of hacker hake website so before apply this idea make A secure side.

And Rural people don't aware of digital payment so First of all, the government provides education in rural areas after that, all these things are possible.

Good morning everyone !

No, the corruption can't be uprooted from India after Demonetization. Because the processes of Demonetization involves the person who is corrupt, and there is full exchange of old currency with the new currency at a commission of more than 30 %. This commission is a bribe. Corruption in every mind of humans in India, which can't be controlled by implementing new Rule in the economy. Corruption can be uprooted by realizing them, the impact on each section of India. I do not think Demonetization is a part of any uprooting of corruption, the India is still in the same phase.

Some people have caught red handed but still, there are many who transformed their black money to different forms such as properties (house, plot, farms) , shares, gold, petrol, automobiles. Some illegally exchanged notes in banks by taking help of bank employees. Some people have given poor people their money for few days and will later take their money back from them so that they don't have to give an explanation to the government. Still, many people had a huge amount of money so they had thrown it in dump pits, lakes, rivers etc. So, corruption is not uprooted, it has just changed its clothes.

I think Demonitation is a drastic step taken by PM Modi Government on last November, to exchange the currency also given a very little time, mainly to increase Cashless transaction and enhance the economy growth of India. Due to this poor and middle class suffered, to stand on a long queue for a few thousand rupees, no amount is used to available in ATMS and banks. Higher grade people is continued by bribing the officals to complete therepending works, next to avoid fake currency but I guess no within the release the new notes, fake currency started producing, it is running everywhere in India.

Hello friends,

I would say that it was a bold move by the government as nothing much had been done to date or maybe many of us were not aware of this as well. Even though it was a nice step taken but it could not eradicate corruption, thanks to the fact that corruption is now very deeply rooted in the system. People are thinking just of their own advantage. Many people took a hefty amount as a bribe for turning the black money of the corrupt people into white money, especially the bank employees. We must support the government else there will be no more such attempts to strike down corruption.

Though demonetization was done with a clean purpose of sweeping out the black money from India but without proper arrangements, preparations and without deeply considering its future aspects. While demonetization affected the current stock of black money but it did nothing very effective to stop it's (black money) future flow.

I have to say that through PM was successful in bringing back 97% of the total demonetized currency I was not very amazed to see that a recent survey stated that most of the black money in India is not held in form of cash but as investments, real estate, jewellery etc.

Hello.

I am Digvijay.

In my opinion, friends it's not that much uprooted as the planned made by the government or our respected Modi Ji wanted but yes we can say that it has really affected the rich people because of this demonetisation our economy increased little bit at that time when it implemented. But it is true because of this implementation the middle class and poor have faced so many types of problem. But hates of you Modi ji that one person who thinks for poor people or to become our nation corruption free. Or we can say that he has taken his first step against the corrupted person.

Hi,

Firstly, I welcome the great effort on banning 500 and 1000 rupees. This is a great time to figure out black money holders and scammers so in point view there were a lot of.

Struggling to exchange the money from banks. Otherwise, it was not welcomed by everyone because unfortunate announcement that was so much affected to the middle-class family and low-class family, I thing before they had announcement they should keep some procedures so only we can sustain that problem. Eventually, I am going conclude this conversation what matters in the problem anyhow now everything okay that's fine.

In my opinion, corruption has just changed its clothes, I appreciate the government move to demonetize the 500 and 1000 currency note to curb fake currency and somehow corruption but its effect faded away in a few days after that. Those People having black money, convert it into gold, contacted their CA to find different ways to digest it. Today, new currency is used as a new tool for bribe.

Corruption cannot be uprooted till the people will not step forward to take their responsibility as mention in our constitution. With the help of government they have to be more responsive than reactive.

I think the motive behind the demonetization was for betterment but this didn't work very well as the poor or middle family people suffer more and the ones who were really guilty found a way to get them out of this. As a student we live in hostels and we don't keep that much cash with us and in demonetization days we had to suffer a lot we were run out of cash and we have to buy food and there was long queues in front of every atm and bank and sometimes there was no cash in atm's as well. So according to me demonetization was a huge stroke for common people as they suffered during those days.