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

As in my point of view, banning 500, 1000 was good decision but implementation was not good only middle class family are affected because high-class family direct withdraw or deposit their money by passing side money to banker but middle-class family waste enormous time in queue government direct intention was to collect taxes because money which people has saved in their home deposit in bank or they will not but in both way government was is profit.

I would not like to say that it uprooted the corruption as no one was caught and they were simply given a chance to convert their black money into white by allowing them to keep their money with 40% tax so the person having 2 lakh extra money will have now 1,20,000 but yes it profited the government the most through tax and large amount of money was collected. Also, the implementation could have been better or well planned so that the huge lines in front of atm were avoided.

As per corruption, I don't think that much was done because does anyone think that anything changed apart from digitisation? only the colour of money changed.

During the period of demonetization, the activity of stone pelting and terrorism stoped but this was an ephemeral effect, not lasting long Now these activities have started again and about the corruption more corruption in India is done by the politicians which do not unveil in public. I think it just a changing clothes.

According to my perspective, The Demonetization was a very bold and a good decision was taken by our owner able prime minister Mr.Modi. It has some benefits and as well as some loses also. First I want to talk about the benefits as we all know that all black money and fake currency holders are use most of the 500 and 1000 rs. Notes for their unauthorized and illegal transaction but after this demonetization their illegal property have no more valuable. As result we can found a big amount of 500 and 1000 rs notes in dustbin and gutters etc. That means it had affected corruption.

Coming to the loses it was also because of the government as the government should prepare them self and their workers for it before they allowance it publically that is they must have print enough amount of new notes before they allowance it so the common people wouldn't affect that much as they affected.

Hello friends,

In 8th oct, 2016 our PM Narendra Modi has launched ban of 500, 1000 rupee notes. I think it's a good idea by Indian government can uproot corruption from our economy. When this decision was implementing we saw a lot of 500 and 1000 rupee notes were in dustbins and roads so we can say that lot of black money is destroyed but it not implemented fully cause many of big leader, businessman is also having black money but govt couldn't find any money means they are hiding it. So, govt must be taken strong enough step that those black money should be destroyed.

There is also some problem like common peoples especially old persons were stood in a long queue in front of the bank, ATM's for changing money or withdrawal money so that is a very struggling situation for them even in situation 126 people died.

They do not get enough money from the bank because of unavailability of money so peoples were anxious about them and more over bank giver 2000 rupee notes to customers so when they went any shop shopkeeper and customers both are not able to give changes. In that situation, many businessmen were getting loss. But after 500 rupee notes in market situation came to normal.

I think if government Take enough backup then peoples are not getting harassed so.

Thanks.

Hello friends, from my point of view, it was the good initiative taken by the Indian government.

Due to the ban of 500, 1000 notes some of the illegal activities like corruption, duplicity in the currency, storage of black money, and tax returns has been captured.

I agree with that, it was difficult to manage for the common peoples and especially the villagers who don't have that many facilities at their door step.

Thanks.

What I think that there is two perspective of the opinion, 1st one is emotional and 2nd one logical. If we see the first perspective i.e. emotional one, then yeah it was a little bit uncomfortable for the peoples but just see logically, you will agree that it helped our economic boosting by removing many culprits like black money, duplicate money etc.

As per my view, the ban of currency is certainly not profitable. There is no major change in the corruption, rather during the period of demonetization the common man had suffered a lot, by standing in a long queue of ATM's & banks.

Hello, friends.

Todays topic is very interesting and good topic also. Many of us will say it is good nd many say it's bad for our society. But before expressing negative comments. We should know about the advantages of implementing such process.

Firstly, it will help to curb black money. Many govt officers specifically state govt officers have a habit of taking bribe before doing public work. And the bribe is always in 500 & 1000 denomination. So aftr implmntng this process they are caught. & they are unable to do this type of activities. Its quit helpful for public.

2ndly, Some of our neighbour country were attached to do some illegal activities like printing notes& distribute those in our market. For that reason our monetary system was affected. But aftr taking this step this activity is totally vanished. And many us saw that the duplicate note were in dustbins.

I agree that in that time many of us stood in line infront of banks. It was quite painful to old man. But if we take good essence. Then we will see the condition of todays market is far better than previous. And it is good for our money market and also good for us.

Thank you.

Hello friends!

In my perspective, it was a very good step taken by respected pm Mr Modi. Yeah, I do agree that there were some serious problems also with people but instead, it was a good step for good future of our country. This step was not less than a deadly dream for corrupt people who had to have a lot of black money in swiss bank. It had also lessened the terror activity of terrorists. Crores of money came back in our country which was distributed among poor people. But there were some serious problems. The Government had not taken enough backup. There were lots of crowd in front of ATM's banks. People were anxious due to unavailability of money. But after the passage of some days, the situation becomes normal. So it was a good step.