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

Hi Good Evening,

First of all, it is good move to curb black money circulation, terror funding and so on. But as a common man just think that no black money holders will have cash in their hand 95% of black money holders will not have cash in their hand they will have either in swiss bank or as a land or property.

Though as per government record there has been a lot of black money has been caught and mainly fake notes from terror have been primarily stopped.

So ban of 500 and 1000rs notes are really a good to move to uproot some main things from our nation.

Hi friends.

According to my point of view, ban 500, 1000 notes are very good decision by the government due to the reduction of black money but the problem incurred is some of the people are face the so many problems because of the improper planning of government. Everything there must be some advantages and disadvantages are there but better results are obtained by releasing the 500 and 1000 notes are to be first which will results at good for ordinary people. Finally concluded that ban of the 500, 1000 notes are helpful for corruption uprooted. Thank you!

Hi guys,

I'm Bindu.

In my point of view, demonitization is the major step taken towards uprooting of corruption. There are many pros and causes in implementing any decision. Similarly here, I agree that demonitization has caused some problems. But they are temporary. It shifted the people towards digitilization, which inturn controlled the mediators and corruption. It led to higher tax collection which improves the economic growth.

So, as per my opinion, demonitization doesn't completely eradicated the corruption but it reduced corruption to some extent.

Demonetisation of the 500, 1000 notes has helped to identify the shell companies operating across the country that is making transactions illegally evading taxes. Corruption in the country is unperturbed, as the corrupt officials followed different ways to monetise their money using Jan-dhan accounts, restrictions on withdrawal has no effect on these corrupted people as they knocked the back-doors of the banks. Certainly, this is a welcome policy by the government of India, as it at-least helped to identify some of the corrupt officials and shell companies.

Hi, good morning all of you.

As our topic is demonetization I think PM Modi takes the good decision, and his decision is very useful for our Indian economy, there are lots of corrupt peoples are in India they provide money to the terrorist and in Pakistan there also they made fake notes so that all problems are now solved. In India, there are so many peoples not paying their taxes in time. So because of this decision they do not have any other option. And that's why now our Indian economy very strong compared to other country's that Modi said. So that'it.

According to me, corruption is a very big problem of our country it is not completely uprooted by demonetization but it is a very bold step taken by our prime minister. Due to Demonetization Indian economy increased by 0.6%. In 2015 our GDP rate is 7.0% and now it is 7.6% so it can't be say that ban 500, 1000 notes is just changing clothes. I agree that common people tackled many problems due to demonetization but they all support our honourable PM because all have hope in their eyes that such a small steps taken by government uproot corruption completely.

Hello everyone.

In my point of view, the decision of Demonetization was right but the process by the Modiji government is wrong. Modiji wants the corruption free India by with this decision only the middle-class people suffer from:

1) Lack of new 500 and 2000 Rupee notes.
2) Long queues in Bank and ATMs.
3) No proper Planning.

I am not saying that the decision of demonetization was wrong a large amount of black money was in front of us but the middle class suffered a lot.

The main reason for demonetization was to curb black money, money laundering etc.

Hi everyone,

I think demonetisation is correct to some extent but not wholly and the problem is that the rich people are converting their black money into white and did you people observed that such a kind of conversion is happening with the help of bank managers, employees, brokers and even RBI staff are also supporting for the same. The government can take the strict action on those who are encouraging such kind of economical disruptions and I think govt. Had got some amount of tax due to demonitisation which helps us to some lesser tax burden further.

Ban uprooted corruption for a sure but only to some extent. The government made a full proof plan to do away the menace of black money by keeping the move an utter secret till the last hour. But they were unaware of the fact that the roots of corruption have subsided deep in the people's mind in the past 50 60 years, hence they did whatever they can to convert their black into white. In a way, it is like black taking a new shape. Government should take some more security measures in this regard. It has promised to keep and miles to go before it sleep.

In my opinion, demonetization is a huge step taken by our PM to avoid the corruption in our country but it will not take a proper shape because only 5%-8% of black money caught by the government. No celebrity, politicians, businessman are not stand in an ATM Q's for new notes and much-corrupted exchanges their money with the help of corrupted bank employees, where as the common people get suffered a lot for exchanging their money with new notes. Bank employees also help the politicians, businessman, other corrupted people to exchange their old notes.