Ban 500, 1000 notes - Corruption Uprooted or just changing clothes!
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801 comments Page 44 of 81.
Pathak said:
8 years ago
Hello.
I think the most caused to ban 500 and 1000 notes are terrorism and black money. We have known that the fake note is produced more by terrorism campaign. On banned 500&1000 notes the poor person are facing more difficulty because they live in a village where less banks are situated and the rich man exchanges the notes by bankers to give some money, to add a different bank account. I don't know what economy has raised but my country had very struggle due to demonetization time. In time many people are die in stands in a bank line.
I think the most caused to ban 500 and 1000 notes are terrorism and black money. We have known that the fake note is produced more by terrorism campaign. On banned 500&1000 notes the poor person are facing more difficulty because they live in a village where less banks are situated and the rich man exchanges the notes by bankers to give some money, to add a different bank account. I don't know what economy has raised but my country had very struggle due to demonetization time. In time many people are die in stands in a bank line.
(3)
Avnish kushwah said:
8 years ago
In my point of view, demonetisation is a good initiative taken by our honourable PM. It is a good step taken by the government. It may uproot corruption. We must participate for its support. For any kind of revolution we have to face many problems but for some time. We must active for its participation in it. This step has given a shock to rich people who had black money. A lot of black money came out during this period. Therefore I would like to conclude that a minor portion has been uprooted by the ban of 500 and1000 notes.
Thank you.
Thank you.
(5)
Vishant nagar said:
8 years ago
I think that note banning is not a good idea because it was issued without a proper plan. By demonetization poor and middle-class people were most affected because the are fully depend on cash. They do know cashless transaction bit rich and black money holders know everything. ThEy do not have their money in total cash they invest it in gold land etc. They have many ideas to change their money to black to white.
That is why that there was no good conclusion of demonetization.
Many people died due to problems like marriage medical etc.
That is why that there was no good conclusion of demonetization.
Many people died due to problems like marriage medical etc.
(9)
Manoj said:
8 years ago
In a bid to weed out corruption from our country and it has positive consequences for some extent because we often get news of sporadic "cash stashing" and results into cash crunch in market as recently we saw "cash crunch" in ATM.
Hence ban 500, 1000 notes couldn't able to eradicate corruption but yes it would be used as tool to curb out corruption - availability of cash area could be able to find out as government has data of it and raids could be carried out as happend in karnataka where government contractor stashed cash in crores.
Hence ban 500, 1000 notes couldn't able to eradicate corruption but yes it would be used as tool to curb out corruption - availability of cash area could be able to find out as government has data of it and raids could be carried out as happend in karnataka where government contractor stashed cash in crores.
(6)
Sherya somya said:
9 years ago
Hi, friends.
As my opinion, this is not only just changing clothes. I agree this is not fully beneficial to stop corruption. It also not reduces black money yet. But I believe nothing is better than something. I think government have different strategy they know this is not done in one steps. Now government have record of each and almost every person who changed these notes. They have one step ahead to corruption, to black money. This strategy is also helpful to government because mostly citizens help to become its success.
Thankyou.
As my opinion, this is not only just changing clothes. I agree this is not fully beneficial to stop corruption. It also not reduces black money yet. But I believe nothing is better than something. I think government have different strategy they know this is not done in one steps. Now government have record of each and almost every person who changed these notes. They have one step ahead to corruption, to black money. This strategy is also helpful to government because mostly citizens help to become its success.
Thankyou.
(28)
Hrishikesh said:
8 years ago
In our country according to me what our ministers are are supposed to do is concentrate on the problems at hand like poverty, education, water, shelter, electricity.
By demonetizing currency it did not made any good to the people of India as most of them are middle class people who suffered a lot of pain through the time and also the poor class since they are not affected by the decision. I think they should make a point amongest the people by showing results.
We all know the results of demonetization it did nothing significant.
By demonetizing currency it did not made any good to the people of India as most of them are middle class people who suffered a lot of pain through the time and also the poor class since they are not affected by the decision. I think they should make a point amongest the people by showing results.
We all know the results of demonetization it did nothing significant.
(3)
Ram said:
8 years ago
Hi. Good morning.
I think demonstration is good topic. Ban 500 1000 is good for reducing black money I think so. But after realising the it not worth less for country. Because it didn't change anything. It was main disappointed of myself. Poor people affected mainly in demonstration because they are changing own money for very long time. Some rich people change money in online transaction. Poor people not awareness about it. It was over rooted for black money. In most people spend time in bank and atm. It was disappointed me on.
I think demonstration is good topic. Ban 500 1000 is good for reducing black money I think so. But after realising the it not worth less for country. Because it didn't change anything. It was main disappointed of myself. Poor people affected mainly in demonstration because they are changing own money for very long time. Some rich people change money in online transaction. Poor people not awareness about it. It was over rooted for black money. In most people spend time in bank and atm. It was disappointed me on.
(5)
Manu said:
8 years ago
Hello Everyone!
It seems the decision of banning 500, 1000 notes can encourage corrupt people in long run. Although it was a good decision to ban these notes since it although didn't bring black money back, it was like a thunder-stroke for the corrupt ones. But still, this decision has confirmed that no such decision will be taken in next few years and thus now people can be sure that the black money they will collect now will remain same and corruption will start again. Thus the decision is more like situation changing clothes.
It seems the decision of banning 500, 1000 notes can encourage corrupt people in long run. Although it was a good decision to ban these notes since it although didn't bring black money back, it was like a thunder-stroke for the corrupt ones. But still, this decision has confirmed that no such decision will be taken in next few years and thus now people can be sure that the black money they will collect now will remain same and corruption will start again. Thus the decision is more like situation changing clothes.
(3)
Lokesh said:
9 years ago
Hi. I think that Demonetization is a bold move by the government. Its result will be seen in the long run. Almost 85% of the money was in the form of 500 and 1000 rupees notes. Scrapping these notes will eventually result in scrapping the black money in the form of currency. But, most of the black economy is in the form of different assets like gold. I think this is just a small steps and an appreciable one. But in an economy like India, major decisions like these are to be taken in future to ensure the uprooting of corruption.
(4)
Saqlain Shaikh said:
7 years ago
Hi everyone.
In my opinion, demonetisation hasn't done any good, in fact, it has created many setbacks such as many of the industries were shattered, lakhs of workers lost their jobs.
India's growth rate has been reduced due to demonetisation. During the demonetisation period, people faced a problem because there was no management done by the government to provide new currency to the public.
People get lined up for hours for withdrawal of money from ATM. Some people lost their lives while standing to get money from the ATM.
In my opinion, demonetisation hasn't done any good, in fact, it has created many setbacks such as many of the industries were shattered, lakhs of workers lost their jobs.
India's growth rate has been reduced due to demonetisation. During the demonetisation period, people faced a problem because there was no management done by the government to provide new currency to the public.
People get lined up for hours for withdrawal of money from ATM. Some people lost their lives while standing to get money from the ATM.
(12)
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