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

Hello everyone.

There is always two sides of a coin. None of them can be ignored similarly, this plan has also pros and cons. The main aim of this is to prevent corruption, funding of terrorist, exposure of black money. We know very well that corruption can't be uprooted in one or two weeks. Our country is so much indulging by corruption that it requires time to get overcome from this. Banned of old currency, linking your accounts with your Aadhar digital payments and so on are the stones with the help of which we can build a bridge to overcome from the specific problems and obviously it needs time. No miracle will happen in some years but yes its a good initiative.

Now, the cons. The govt should arrange proper facilities for changing currency. We all saw in news that there were huge queues in front of ATMs, some people died, some suffered from other health-related problems while standing in the queue. People who thought if they went to the bank to change their black money then obviously they got arrested so they destroyed our currency. They threw that currency in river, dustbins, on roads and so on. There was a huge loss of currency because of these things. Though it was black money they didn't contribute that money to the welfare of our country still it was a loss to our currency by destroying it in those ways.

At the time of demonetization we suffered from some problems but now we have successfully adopt that change.

So conclusively Demonetisation is like a injection to get rid of the illness of our country.

Demonetisation is being painted by some as a colourful picture of the future while by some as dark and gloomy picture of the past with lasting repurcussions. All in all, it's still a grey area, for it's confusing.

Demonetisation was carried out with an intend to get rid of the black cash in the economy. But the recent RBI reports show that 99% of the cash was deposited back into the banks. So what the government assumed of the money hoarders that they will throw away their hidden stacks of notes, didn't really happen.

Supporters of demonetisation claim that although the black money is back in the system, after demonetisation, the tax department now has the information of people who deposited large sums of money which may not be explained by their incomes. And hence, demonetisation opened a window for taking action against such people. But these consequences were declared by the govt at the time of introducing demonetisation and the money hoarders and tax evaders found new ways to get their money back into the system through some loopholes. Large sums of black money was split into smaller chunks and deposited in the banks using different accounts (mostly jan dhan accounts). Theses accounts holders were then paid some commision. Hence, paradoxically demonetisation created opportunities for more bribes and curruption to take place.

The intend behind this drive was laudable but it wasn't a thought out decision. It could still haven't garnered as much critiscism if it was managed properly at the time when ATMs were out of cash while the people queued up outside. Most of them where still smiling in appreciation of the govt's move but little did they know about how the pain wasn't all worth.

Hello guys, I am Bavita, and in my point of view ban of 500 and 1000 notes are not just changing clothes, it is a step or initiative to fight against Corruption. Demonetisation is implemented on 8 nov 2016. Through demonetization the main purpose of the govt was.

-to collect the money from the market.
- to decrease the inflation.
- to capture the black money.
-to reduce corruption.

Yes, I m agree due to this, people were faced many problems, many people died in the queue, but we all know for a big step we have to take a risk sometime. I think this step was fully planned, I can give you an example -implementation of JHAN DHAN YOJNA. Means every citizen of India should have an account in the bank. In my point of view, this was also a part of demonetization so that they can exchange their money. Yes, implementation of it was not 100 percent.

Effective but this was very good initiative so we should support the thoughts of our government.

It can be well understood by an example- Consider a room which is full of dust, scrap materials, useless papers and many more things like that. Now if we want to remove this stuff what we will do? Surely we will clean it but yet some stuff would be there. In a similar way by demonetizing the old notes it will clean up the system but there are certain areas which can't be clean up. Also, many news comes up daily that this much amount gets seized so it results into cleaning. So yes it helps to uproot the corruption but as feelings always attached to human beings similarly corruptions are always attached with the system only thing we can do is to be honest and make people honest.

As per my opinion, it's not changing clothes, no it's not. The effective steps which have taken by our government, this has really a big reason behind this. To make a corruption free India, government banned 500 and 1000 rupees note, which is demonetization. Though by this demonetization government could not uproot the corruption completely, could not reduce the black money, but it was a big step towards making a corruption free India. Some people take this demonetization pessimistically, as it does not get any success in reducing black money. But I believe in the positive sides of this, as it has definitely created some fear in the mind of corrupted persons, now they will think twice before doing any corruption. I think that government should be taken more steps like this against this corrupted people to uprooted the corruption completely and make a beautiful and corruption free India.

Demonetization was one of excellent initiative taken by government. It is beneficial for removing black money from our country. This was a overnight decision. But I think its execution disturbed people a lot. According to me its advantages are so helpful for our country economics. But middle class family faced to many problems.

In my point of view, corruption is not uprooted it just changes it's clothes. Why because it collect the black money which is inside the country. But what about the money in foreign banks. Lot of people deposit their black money in another's account and make it to White money. So, it will reduce the black money up to some extent only. The foreign banks are not willing to give the information regarding the persons having accounts in their banks. If they help in this context corruption will be reduced maximum. With the demonetisation, only common people suffer a lot. It is a good initiative by the NDA government but it is not properly planned and executed.

According to me, banning 500, 1000 is not enough to stop the corruption. During demonetization, people have faced too many problems by standing in queues and exchanging money from others, while transportation in buses, autorickshaw, etc.

After all these things we don't have significant proof that we are not corruptive nature, according to a survey done by ABP news we have told that this demonetization didn't help us to become corruption-free.

There are many ways by which we can stop by going cashless for all transactions and by making transparency in all sectors, government offices and in politics also.

So according to me, it was just like changing clothes.

I think everything comes with pros and cons. Although the government tries its level best to eradicate corruption. But, I think the planning was not adequate. That's why demonetization has not a good impact. But, this is not only the responsibility of the government. This is the responsibility of all the citizen in the country. We cannot fully blame the government that demonetization is not 100% fruitful. Yes, middle-class peoples face many problems during demonetization but, there is also the good impact of demonetization like new taxpayers increases, the digital transition also increases (87 crores to 138 crores), after demonetization government cancelled the licence of more than 2.2 lakh fake companies, more than 7.5 lakh fake notes were confiscated, there is also decrease in terror funding.

In my opinion, this is the good step to bring black money. We know very well that corruption can't be removed in one or two weeks. And if all the citizen will take participation in it then becomes easy to do this.

To control the corruption of India, it's a good idea. But they are not implemented correctly. . This proved to be a powerful step but not a great one. There are several reasons to it. First of all, our poor class suffered a lot. Exchanging their small cash savings by standing in queues and lack of new currency notes was a backfire. There were also few instances where rich uses poor for exchange of money by offering a small amount of commission. Last but not the least, our people are in habit of making black money deposits and this has continued even after demonetization.