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

Hello friends,

After our Government had started demonetization previous year, many cases of black money have been found. But still, there is an existence of corruption due to the presence of black money used for different purposes. Many of the rich people started paying tax after demonetization so this is one of the great success of our Government. But corruption would again begin with new notes i.e., 'It just changing clothes', by the way, political parties does.

The best way of ending corruption is to move towards digital payment for which government had started taking actions. So corruption can only be uprooted until every single people of our country starts digital payment.

I appreciate our Honourable Prime Minister Mr. Modi for taking a step for uprooting corruption. I think it was not successful, corruption has just changed clothes. Banning 500, 1000 notes had affected poor people and middle man more. Corrupted people had converted their black money to white money through various sources like by buying Gold and used their influence to another ways.

Ban 500, 1000 notes is a very good step taken by Modi Ji but he got failed in the process of taking a step. If he took it in a right way than it would take India to developed country and it will reduce the corruption in our country. By implementing this I feel very less high people got affected by this because they have they have good knowledge on corrupting so they can easily change this money because they know it that's why they earned that much of money.

The people that got affected by this is only low level and middle-class people because the money they got earned is in right way that why are still in low and middle class. If they know how to corrupt then they will also high-level people. So I feel the idea that they got was nice but the process of implementation is not acceptable.

It was a great decision taken by the Indian government. Modi took a right decision but fully not successful because black money and Jaal note do not close till now. Middle class became so harassment for the lack of money. Money was not available in everywhere even some people was death in ATM line. But I think this process may little reduce black money. But the government should take information about switch bank account.

After the demonetization of 500 and 1000 rupee currency in our India, we have seen a lot of change in our country.

After the demonetization around 567 Naxal's group have surrendered in front of our govt because of the lack of money because most of the black money was in the form of 500 and 1000. Stone pelting incident in Kashmir was stopped.

Around 2 lac crore, black money was caught by the income tax department.

The people who did not had any black money was not affected by this policy of government But there was also some negative effects of this decision like workers who work on daily wages was very much affected.

So, I would like to stop with that something is always better than nothing and demonetization was a very gutsy move by the central govt.

Demonization in my view is the Great move by the Modi government because for a country like India which is in its developing phase. Corruption plays a role of a bottleneck in it so by banning large currency notes of 500 and 1000.

It's a great effort by the government to slow down parallel economy, Balck money misuse for terror funding and corruption though doing this will help gov to make India free of Balck money completely it requires more efforts like this and I hope that day is not very far when India will compete developed countries because of such great move which is short term is pain but in long term is beneficial.

Demonetization lead to corruption uprooting for middle class people as the money flows from missile class people to high class people so if they don't have money only then how will they give corruption but for high class people who are powerful for them its just changing clothes as they found different ways to convert their black money. And also due to demonetization middle class people suffered as they was no money flow in the market, govt should have educated people about digital payments and then if they would have done this demonetization then atleast the middle class people would not have suffered much.

Hello.

Friends.

Ban of 500, 1000 notes are introduced by central govt of India. Govt take a very good decision. It will be helpful for developement of our country not only developement the corruption will be reduced.

Due to this ban of 500, 1000Rs there is so much of effect is occuredon high class people. It is one advantage to the society.

Not only due to this there is so much of effect is occurred on middle class people compared to the higher class people.

Effect is nothing but it is very bad situation in their life. Without money the middle class people cannot earn.

But recently the govt annonced that it releases 2000Rs notes. This very good decision.

But compared to 500, 1000Rs notes the corruption will be increases.

So from my point of view please release the new notes that means every year ban the previous notes & release new notes.

Ban of 500, 1000 notes is a proper vision seen by the government of India but around 125 crore population of India they have to think some basic parameter like the proper guidance of digital devices, ATMs, a proper employee in banks etc.

The Vision was very effective as to remove black money from the market and duplicating notes as well but still, 2000 notes also caught in many banks as a duplicate.

Hi everyone,

Ban 500 and 1000 notes have very useful to middle and low-class people. For higher class people who have all borrowed the money from the private companies. For example: if the government has started a project at Rs. 1 crore, politicians may borrow 20 to 30 lakh and the remaining amount they will invest in the project. This is black money and they won't provide a tax to the government by demonetization avoid all these illegal activities.

For middle and low-class people, they were standing in front of the bank for exchanging the money. Of course, they feel bad about that but in future obliviously, demonetization will help to all. Middle and low-class people didn't believe that our PM will ban 500 and 1000 notes.

Finally, people should think why demonetization is made and what are its essentials. They should avoid the corruption as much as possible then only our country will become developed.