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

Hello.

In my opinion, the banning of notes was useful as at least all the black money till now has finished. After some years when the black money will again generate the government would again demonetize it. Demonetization was a big step for India and I have no problem if the government does.

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.

Hello, everyone.

The ban on 500 and 1000 notes was done to tackle the black money, stopping the funding of terrorism and various other reasons given by our government.

Coming to the main objective of the ban, it was to take back all the black money from the economy. In the process of collecting all the money, we saw various cases of how illegally money was credited to the defaulters account and also some cases of burning the same. So on that front, in my opinion, the government failed.

Now, what steps did the government take for further stealing of tax? No plans related to that were laid out and so the same process of tax stealing has started and hence I will conclude that the corruption just changed its clothes.

In my opinion, Demonetisation has helped the nation in lifting it from the ditches of corruption. With this step all those with excessive money which was earned by unfair means such as smuggling, unpaid taxes, etc. Has come to an endsome of my friends say that it has caused has caused a havoc among the masses but I want to ask them what has been ever achieved without pain.

This had helped the nation to grow as more revenue that was generayed can be used fot public welfare.

According to me,

Corruption is one of the major problems for India to uproot the corruption Modi government has banned the old 500 and 1000 rupee notes. Introduced the new 500 and 2000 rupee notes. This decision disrupts the entire nation.

I think Demonetisation is a great step, during this period of time where there is huge corruption flowing in the society. This major step is necessary but it does not get implemented in the way it has to be. It was taken on 8th nov 2016. A sudden stroke to common people. People has to line a queue to withdraw money. No change of big money. As 500 and 1000 Rs note were not accepted by most of the people. It badly effected small businessman.

Ban on the denominations has not only eliminated the black money stored in the form of these notes but also created a fear in the minds of those corrupt people that their hard work is not safe even if it is hidden in their houses instead they are now forced mentally to contribute and understand the tax system so as to be able to earn in a rightful manner, without feeling guilty.

I think it is better to take some step then nothing sir Modi take a good step toward corruption it's our thinking in which way we think as all decisions have their positive and negative result both.

According to me, our honorable Prime Minister is continuously trying to eradicate the corruption, but still, he is not able to do so. Recently, he discards all the illicit taxes and apply only one tax i.e. GST Because lots of corrupted people were not giving their proper tax to the government. That's why our govt had to increase the market price due to getting less number of taxes. And another reason was to reduce the black money as soon as possible. It is good that Modi takes the concept of scrap 500, 1000 notes to uprooted corruption and parallel economy which is based on black money and unaccounted money. He is trying to make "digital India" by eliminating taxes, demonetisation, by making Swachh Bharat Abhiyan any many more things. On the other side demonetisation is not good for poor or middle class people. They had suffers from many problems like they were not aware about demonetization, so on 8th November when they heard about these, they were shocked. They had to suffer a lot. They had been standing in a long queue in bank, waiting for money and still so many peoples do not got money at time. At last I just want to say that corruption will never end in India. Corruption would again begin with new notes i.e., 'It just changing clothes', by the way, political parties does. It will never end.

Hello! everyone.

According to my point of view, the approach which was taken by the government on 8th November called " Demonetization" to eradicate corrupt pr black money from the India is one of the best methods. Because of many reasons:

1-According to RBI information they have been destroyed approx 12% black money.

2- before demonetization all black money were used in illegal activities like terrorism funding, gambling etc. But after this, all these things get reduced at least for some years.

3- And the main thing now people will not keep a large amount of money at home & by their taxes might be India will become a developed country.

I know there were many problems occured due to that. BUT As we all know " No one can get the best result without facing any difficulties".