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

To control the corruption of India, it's a good idea. But they are not implemented correctly. . This proved to be a powerful step but not a great one. There are several reasons to it. First of all, our poor class suffered a lot. Exchanging their small cash savings by standing in queues and lack of new currency notes was a backfire. There were also few instances where rich uses poor for exchange of money by offering a small amount of commission. Last but not the least, our people are in habit of making black money deposits and this has continued even after demonetization.

Corruption uprooted to some extent.

Don't you guys think that if the people of our country do not support initiatives taken by the government, it will always be in a dilemma to whether take more initiatives or not?

We all know that it was a very good initiative taken by the government maybe its implementation was not good but how many of us recall similar initiatives taken by the govt in the recent past. I bet not many or may be nil. Banning old notes and introducing new ones is a very courageous step in trying to remove corruption.

"Something is better than nothing".

Hi guys,

In my point of view, demonetization has a postive as well as some negative aspects.

Plus point of demonetization is that is has stopped fundings to terrorist agencies and also stopped corruption and black money to a larger extent. Its disadvantages are that enough time was given by our government To public to convert their black money into white as there was no curb on buying of gold etc. People had to suffer in long queues in front of bank and many bank employees died due to overburden.

It was a good initiative by the govt but was not completely successful.

According to me, demonetization is good but we have to look after both the faces of a coin. Demonetization is good but everything has its own prons and cons we couldn't neglect it. Demonetization is a good step to take out black money but here is the problem start thousand of people standing in the queue for so many hours outside the bank and there is too much shortage of rs500 and 2000 notes and even ATMs were also empty when ATM got filled there were no of people gathered outside the bank in a long queue so demonetization is good but implementation is not available.

Hii friends, in my view banning of big notes like 500, 1000 didn't show any impact on the prohibition of corruption in our country. We saw many leaders, VIP's got exchanged their old currency directly from the banks. This shows that there is no impact on the ban of 500, 1000 notes.

But the middle class and poor people suffered a lot in order to meet their allowances. All the VIP's exchanged their notes before the declaration of demonetization.

I want to describe an example which shows that corruption is not uprooted because of banning of the old 500 and 1000 notes.

Hello, everyone, I am Rakesh & I would like to share my views & opinions about demonetisation. It was a great way to reduces the black money by banned of 500, 1000 notes made by PM MODI. I think it was successfully applied in all over India. It was making some advantages to our economical & making a step ahead in economic growth. The reason behind that was there was no proper strategy have a government so that the decision of making notes banned is successful.

I appreciate & thanks those helped to govt by facing problem after banned notes in India.

On Nov 8th 2016 Modi Jii told that 500 and 1000 notes will not be valid from 9th nov.

It was a great step taken by our government to eradicate corruption. Demonetization is a great move but its implementation is not good because the middle-class people are not able to meet their needs for hospital needs and all. But if we want the change in the economy we have to suffer to these things. There will be an impact in long run in the economy. So demonstration is a great move. The people will pay the taxes accordingly and there will be a rise in GDP and economic growth.

Hello, everyone.

According to me, its very good and dare step took my our govt. Its 3rd note ban in India after Morarji govt. It definitely reduces corruption inside our country as well coming from outside also. This note ban destroys black money of all those corrupt people who does nothing accept corruption throughout their service. Also from this note ban Our Kashmir which is not stable for long come to track and life again become stable over theirs. Also, new currency note is very high tech and secure through fake currency note coming from across border stops.

Demonetization is basically a process to change currency black to white. It is beneficial for our whole country. It has many of pros and cons. In my point of view, I am in total favor of Modi'Ji. It is a big step for our country It has pros like affect black money holders, reduce corruption, increase digitalization, increase tax payee and it is also some cons like rush at banks and ATMs, problem for poor class families. It is also affected many of big functions like marriage etc. But all problems are casual for some people but solution is best for whole country.

Hello everyone,

According to me, banning of 500 & 1000 rupee notes didn't achieve its a goal of completely eradicating black money but it gave India necessary adrenaline push for the digital transaction, for example, many companies like Paytm, free charge etc got a huge increase in their customer base hence it indirectly paved way to digital India. Secondly, the excess black money is pumped into economy bringing inflation lower.

At last, it's bold move though people suffered, they believed the good motive behind it which directly resulted in UP elections.