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

I think demonetization is a good step taken by the government. By implementing this procedure atleast thirty percent of the black money has been retrieved and with this money, the government can work on the welfare of the country. So according to me, this is a boon in our country, at least the present government tried their best to get some of that corrupted money. Initially many people suffered due to this change especially aged people were the victims many of the citizens blamed the government but I think being a responsible citizen we should carry out this order so that we can make our country better place to live.

Well, I think this move has uprooted corruption to a large extent. People who had black money were not able to change the currency notes due to rules imposed by the Government. According to the statistics, out of 14 lac crore, nearly 8-9 crore old currency has been collected which means that India Govt is able to remove it upto some extent.

Hi everyone,

On 8th november 2016 the decision taking by the pm of demonitize the old 500 and 1000 notes helps in eradicating the menac of corruption and black money to high level in nightmare only. Becoz firstly it is not taking the by keeping in the mind what it will leads to counsicounses to the poors who buy all the daily stuff and poor people. Secondly in India almost 2% of the rich people and builders holding 90% of the country income and no one is seen standing in the question of bank. Thirdly introduction of the 2000 note instead of 1000, will it reduce corruption? Before a suitcase carry 20 lacs now the same suit case carry 2 crore now you tell me corruption is going to increase or reduced. And one more thing it's been 9 month had passed what is the ground report of demonitization. How much amount of gdp has liftedup or how much black money came back to RBI. Government failed to tell. They are saying counting is still in process.

Well, I think demonetization has offered new clothes to corruption because now since digital money is getting promoted everywhere, it is getting easy for the officers to take a bribe in an all new digital way. I know there is a chance of getting caught in this too, but the risk factor becomes less as compared to take denominations physically.

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.

Black money is at political leaders but no politician has been come out for about ban of this notes (500, 1000) because they all exchanged their before banning notes and remaining people suffers and the political drama continues.

For changing the old rs-500 and rs-1000notes we had a need to deposit that money in our account so that we'll get the new currency balance. But it was not a good thing as everyone needed to go the bank and submit the money those who didn't have the accounts, needed to urgently create the account which was a really unmanageable task for banks as well as common peoples and another issue was with the limit for the money exchange. Though the whole currency change procedure was for good purpose it just created problems for the common people and can't reach to its goal accordingly.

Hello everyone, the ban on 500 and 1000 notes is popularly known as PM Modi's surgical strike against the black money. Corruption is carried out mainly through cash because You can't pay bribe to a government official by cheque, bank transfer or by credit card and thus by banning 500 and 1000 rupees notes promised to get back illegal and black money and promised to provide justice to the citizens of India but point to be noted here is that it has not become so efficient way of reducing the corruption and it also mainly caused inconvenience to the common people rather than the corrupted people and also the government has not given the proper picture of after effects of the demonetization about how much black money has been collected etc.

Hello, everyone.

This is very good decision to prevent the corruption. But there should not have been a 2000 note. Because of this more money is can storage in a minimum note. If we have a corruption free India then go through cashless and for going to cashless then minimum amount of note used in currency.

No any type of chip in the 2000 note this is the only rumor.

Hello, everyone!

The ratio of demonetisation in good taste is very lower than bad impact the main purpose of this ban 500 and 1000 notes is to remove black money from the our nation and after demonetised the total pr of removing black money from our country is less than 20 to 30 percent and 70 percent black money holder has safe the poor or middle-class people were in trouble the political parties and political leaders were safe no one have been exposed why we still haven't any answer of this question?