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

In my opinion, yes it is a good decision decided by Government of India by which the people who have a lot of black money that should become out and they conscious about that they further don't such type again. Corruption also decreased. But it's demerit is people suffering a lot of problems with this demonstration. They wait for a long time at ATM for with drawing money. Only 2000 notes are available. By which many problems occur.

As we all know that in 2016 India face the demonstration were the 500 and 1000 note value got zero the main reason is that India want to control over the corruption but the results were different as the black money transfer into white as the people find the different ways durring that time.

People start shifting there money into there all family member or even in there servant account so it's just like a changing clothes.

From my point of view,

It is a good thinking to reduce corruption not to totally remove corruption. It is a great step to move on a right stair among most.

Yes, This is true there was not a proper technique or say facilities for a common people. And that was a demerit of this step. But this major change was really a blast for a corruption.

Thank you.

This note ban never evoked any positive results other than agony and misery to the common man. Terrorism and black money were the major evils considered for this unprecedented immature action. The nation continues to be in shambles without much hope.

A great initiative was taken on 8th Nov by the INDIAN govt with the aim of uprooting corruption. But I think it was unable to achieve its target. Because by some or the other ways people managed to exchange their old currency to new currency. Very few were arrested while exchanging. Basically the middle class and the poor were the sufferers. Many workers lost there jobs others were not having money to buy the raw materials. Still the RBI has not been able to disclose the amount that they received as old currency neither the government Has been able to state the merits of demonitisation. They only stated that it will be beneficial in long run. Only positive impact is that now officers fear while taking bribe and keeping black money.

Hi all,

Ban of 500, 1000 notes have not uprooted corruption.

Just to draw a an old age pension 500,

For filling up of challan 50 rs has to be paid.

Corruption exists everywhere.

Ban of notes was just an extra overhead for common and middle-class people.

See there also after implying a restriction of certain limits of money can be exchanged.

Not even few black money holders were caught and punished.

With Direct commitment with bank heads or authorities, they happily exchanged currency and they were safe.

Idea or thought was appreciable.

But actual implementation was failed.

Try try until and unless you succeed.

May be the plan didn't support well.

Definitely, in future coming days with some more ideas corruption can be eradicated.

Thank you.

Hi Friends.

As we know corruption is a chronic disease in India. So it's best act was taken by Modi. According to my point of view, in many places change have been seen but according to RBI: 99% circulating money get back and 1% does not get back due to sinners in our country got success in converting black money to white money. As a result gradually decreased in economy. But its good news that according to RBI, the government got success in reducing 12 % corruption. So its better way to do stepwise action and in a country like India its very heart touching movement that in 1-night government change currency and as we know behind every unsuccessful thing there is a success. So it's not uproot of corruption. But it will be after some year.

The corruption is sort of impossible to be uprooted, my economics faculty has told us that'' a little corruption is necessary to make the economy run. Firstly, I could not understand what he's trying to say but later on, I got something from his words. We can only try to smooth the corruption level and that's what Modi led govt did.

The step of discontinuing 500 and 1000 rupee notes was just taking some sort of corruption out of the economy and let everybody aware that this govt won't allow the bureaucrats or the so-called industrialist to do simply what they want. Earlier these people were leading and making us follow them which is certainly not applicable.

Why we are debating on 500 and 1000 rupee notes. It's the long-term effort and we should think on those levels.

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.

Hi friend.

This is Chandan.

I think this decision is good for our country, because not only for corruption uprooted another effect is against terrorist activity in the country. Stop the duplicate note.

Thank you.