Ban 500, 1000 notes - Corruption Uprooted or just changing clothes!
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801 comments Page 47 of 81.
Pranaya said:
7 years ago
Hello everyone.
Demonetization of 500 and 1000 notes which was initiated by our Prime Minister NARENDRA MODI was to corrupt black money and avoid corruption. It effected the rural people the most as availability of banks are least and therefore staying in the queues in front of banks and exchanging of notes became the toughest. Demonetization brought out the people who were having the black money but, not all the people caught. Therefore, we can say that it reduced corruption to some extent. Thank you.
Demonetization of 500 and 1000 notes which was initiated by our Prime Minister NARENDRA MODI was to corrupt black money and avoid corruption. It effected the rural people the most as availability of banks are least and therefore staying in the queues in front of banks and exchanging of notes became the toughest. Demonetization brought out the people who were having the black money but, not all the people caught. Therefore, we can say that it reduced corruption to some extent. Thank you.
(12)
Venkatesh said:
8 years ago
Hello everyone,
Demonetization is the great act taken by the Modi government to eliminate black money or corruption in India.
But it has failed to get back black money. Indeed it offers the corrupted people to convert black money into white money. Rbi announced that 99 percent of the money is got back. But there is no improvement in India economy.
Even because of this thing common people and bank employees are suffered by wasting their time in the ATM's and spending extra time in banks respectively.
Demonetization is the great act taken by the Modi government to eliminate black money or corruption in India.
But it has failed to get back black money. Indeed it offers the corrupted people to convert black money into white money. Rbi announced that 99 percent of the money is got back. But there is no improvement in India economy.
Even because of this thing common people and bank employees are suffered by wasting their time in the ATM's and spending extra time in banks respectively.
(24)
Elakiyajeyasakthi said:
8 years ago
Hi friends, the decision of banning 500 and 1000 notes is a good decision. But still, there is a corruption in our country again the government should take severe action against the corruption taking place in India. But by the Demonetization poor people and the middle class had suffered a lot. So if there is any idea for the government to fight against the corruption again they should take steps which should not affect the poor people. However, by the process of demonetization corruption get decreased.
(16)
SiddharthManral said:
9 years ago
Hello Everyone,
Corruption and currency are not the same things. Corruption goes beyond the boundaries of material and is installed in our thoughts and mentality. Changing currency might help in bringing some black money out of hiding but it's not a permanent cure. Banning notes has been effective up to some extent, affecting everyone irrespective of class they belong to. This could be a new start towards a less corrupt nation as it shows some intent of the government towards curbing this major issue.
Corruption and currency are not the same things. Corruption goes beyond the boundaries of material and is installed in our thoughts and mentality. Changing currency might help in bringing some black money out of hiding but it's not a permanent cure. Banning notes has been effective up to some extent, affecting everyone irrespective of class they belong to. This could be a new start towards a less corrupt nation as it shows some intent of the government towards curbing this major issue.
(11)
Shivani goyal said:
6 years ago
Hello everyone.
Ban of 500, 1000 notes is initiated by our prime minister narendra modi. Well his motive behind this was to remove black money but this tend to be fail mission because those who were rich exchanged their notes however and middle class people was suffered. Due to this a great recession was in market. Middle class people was in long lines many people died in long queues. And according to data only 10000 carore was exchanged so it was just as changing clothes. Black money is still there.
Ban of 500, 1000 notes is initiated by our prime minister narendra modi. Well his motive behind this was to remove black money but this tend to be fail mission because those who were rich exchanged their notes however and middle class people was suffered. Due to this a great recession was in market. Middle class people was in long lines many people died in long queues. And according to data only 10000 carore was exchanged so it was just as changing clothes. Black money is still there.
(55)
Tushar said:
8 years ago
Hi.
This is a good attempt by the Indian government to reduce the corruption in India and make India digitalized (by making India cashless).
But it has several adverse effect also which government has might not notices. Banning 500 and 1000 rupee note government is trying to reduce the corruption in India but on the other hand starting of 2000 rupee note instead of 500 and 1000 rupee note this leads to the many problem for shopkeepers, rural people and many more who are doing small scale businesses.
This is a good attempt by the Indian government to reduce the corruption in India and make India digitalized (by making India cashless).
But it has several adverse effect also which government has might not notices. Banning 500 and 1000 rupee note government is trying to reduce the corruption in India but on the other hand starting of 2000 rupee note instead of 500 and 1000 rupee note this leads to the many problem for shopkeepers, rural people and many more who are doing small scale businesses.
(8)
Anshika said:
8 years ago
Banning 500, 1000 notes was a very good step for stopping corruption but outcome of this is not effective because corrupted people find any other solutions to convert their black money in to white money & common people suffered a lot by standing in long queues, they left their office & many other work just for converting money. Corrupted people converted their black money into white money with the help of poor people. Poor people stand in long queues and they got paid for this by rich people.
(30)
Kunjal said:
8 years ago
The ban of 500 and 1000 notes was neither the complete uprooting of corruption nor the complete change of clothes. It was somewhere between the two but more towards the uprooting of corruption. The decision was bold and courageous. There was apprehension regarding how everything will work out but it was peaceful to a large extent. All the notes that were stacked up in the cupboards of people have finally entered into the formal banking system. It was, without any doubt, a step in the right direction.
(7)
Chandan mishra said:
8 years ago
Definitely it brought drastic decrease in corruption occuring in the form of cash. Money recovered by government is huge compare to the revenue. So I think it's not just changing clothes but it has made a singnificant impact in reducing corruption.
This bold step has created fear in the minds of corrupt people so that they will be scared of doing this again and might be cought in the hands of CBI.
Corruption involved in government departments are mostly eliminated because of demonstration.
Thanks.
This bold step has created fear in the minds of corrupt people so that they will be scared of doing this again and might be cought in the hands of CBI.
Corruption involved in government departments are mostly eliminated because of demonstration.
Thanks.
(7)
Nikhil said:
9 years ago
In my point of view, this is the bold decision took by Modi government and it does not take place in proper manner, RBI is saying that they have released this much of amount to this state but there also rich people are getting fixed with the bank managers.
1. Most of the corruption is not in the 500/1000 notes it is there only in the real estate, business, productions. Etc.
3. The only one good thing happened after ban of 500, 1000 notes is people started using online banking, like Paytm BHIM, ETC.
1. Most of the corruption is not in the 500/1000 notes it is there only in the real estate, business, productions. Etc.
3. The only one good thing happened after ban of 500, 1000 notes is people started using online banking, like Paytm BHIM, ETC.
(11)
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