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

As per my view, demonetization is one step of gov. To reduce the corruption from the nation although it is not implement properly still due to which we get lots of changes in our nation like lots of black money holders came out.

India going towards digitalization around 67 to 100 crore people and many fake companies get captured increase in the amount of taxpayer as well as fake currency also get in lots of amounts. As we can see these all advantages in front of it some disadvantage like people has to stand in a queue. And all are negligible.

Demonetization was not the correct procedure which should have been implemented by the Modi government to eradicate black money. It was actually a very foolish step to utterly harass a mere mass of people throughout the country. And it had no positive output as such only a number of honest and innocent people who had no black money sacrificed their lives in this scam of government. It was just false hope given by the government to the public. And the ache din is still pending. Honest countrymen who pay taxes in time, they stood in long lines of ATMs and banks while the rich black money holders did not even have to get out of their houses to deal with their black money. And it was rightly stated that Narendra Modi is the 2nd Muhammad bin Tughluq.

Banning 500, 1000 notes is just changing clothes. In short, it will affect the corrupt channels but this ban is not ready to uproot corruption in long term. The Government has introduced 2000 notes which will surely revive corrupts because bundles of 2000 notes will reduce stress on their soldiers and occupy less space. We have need to be more serious about all these corrupt channels rather putting ban on currency. Banking system should be more stronger to deal with these corrupt channels. A bridge is needed to impart the gap between all departments where corrupts can invest their corruptly hard earned money which is stolen by honest tax payers. To uproot all these corrupt channel we have need to bring change in our education system. Value addition is required in our education system.

Banning 500, 1000 notes is a very great attempt made by our Indian government to curb all the black money out. But still it can not be considered as the best way to uproot the corruption as if it has compelled people to remove their black money then on the contrary, it has also wasted time by standing on long queue in bank, created lots of problems to poor people.

On the other hand the rich people again won the battle by using their contacts thereby converting their money black to white.

In between middle class people get trapped. Meanwhile, many bogus notes were also printed.

So, according to me, it can uproot the corruption but it needs much proper implementation with all the forthcoming solutions.

Hello friends.

According to me, the demonstration is a good step against black money. But like a coin, everything has positive and negative aspects. The positive aspect is that the peoples from rural areas came to known that what is banking and how it works and came to know that our country is going to be the change we have to change with them.

Atleast they come to known what is going in our country. And the negative aspect is that this demonstration didn't affect too much on rich people. Because rich people have their direct contact with bank officials they changed their currency. But the real problems were faced by normal peoples. Beacuse during demonostration period people had spent houres and houres by standing in que for changing their currency.

Thank you.

Hello Friends,

According to my point of view, Demonetization was the excellent plan to got black money back. But what will government do if the mentality of the indians are corrupted. Getting black money back is not only the government responsibility, it's ours responsibility too. It was us because of this plan failed. It was us because of which gdp decrease from 8 01% to 7.11%. During the demonetization period the rich people makes their setting with the bank employees and only suffering faced by the poor people. It was very difficult for poor people to stand in the bank line for many hours.

But demonetization has some positive effects too. Because of this, at least poor people learn to makes their account in bank and they got knowledge about bank and interest. And also After demonetisation, villagers, local vendors and farmers are slowly getting used to digital transactions. Once they get used to it, they will realize it as a mode of advancement.

I think the step of demonetisation taken by the government was big. There are pros and cons to every action but I will talk more about pros first as it is more relevant.

Demonetisation has helped to surpass the threshold of doing payments online, initially, people used to hesitate to do online transaction but after demonetisation people had no choice rather than doing the transaction, according to the survey online transaction has increased from 0 to 66.6 percentage. This also helps in keeping an eye on the black market.

The government was expecting to retrieve all the black money but it didn't happen as said by RBI officer that 99.6 percent of the old notes have been received.

I think demonetization is very good idea of Indian Government Because due to this digital payment become popular and it is necessary for each country. But ban of 500 and 1000 notes has not gotten 100% success to remove.

Black money because many rich person distribute their money to their worker as their salary as well as many bought diesel and patrol etc. As everyone felt that during demonetization only general people face lots of problem and stands for hours in line before atm but rich have direct contact with bank officers so they directly got their money from bank. So this idea couldn't show it's effectiveness so much.

Hi all,

I believe that Ban on 500, 1000 notes was just changing clothes! as it moved from common man to the ruling Govt, But also it was a good initiative with bad planning taken by the Govt of India.

In some Latin American countries demonetization occurs frequently so as to route out corruption in the Govt sector, so we also should do this more often but with proper planning and not giving the cash away first to the rich and the politically influential people.

In my opinion, demonetization is the biggest leap towards the national development. Yes, the ban of 500 and 1000 Rs notes came as a shock to the Indian public, and yes, common man did face a lot of problems but we cannot ignore the fact that this decision also leads to the eradication of corruption to a very large extent if not fully. Nothing comes without a price, we had to pay the price of discomfort for a few days, but eventually good results have been seen. Now it is also true that people who are corrupted will always pave out a way for themselves, but because of this, keeping quiet and never accepting a change is not an alternative. I think a ban of currency was not a cloth changing game and even if it was, we still cannot overlook the benefits it did to the society and the corruption that it removed.

Hence we can say that it was one of the corruption freed changing decision that bjp government took on 8 nov. 2017.