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

Demonetization was a very nice plan but it's execution was really poor.

Due to the poor execution the middle class family were badly affected. People had no money to buy commodities or to even pay their hospital bills.

Though the idea of demonetization was to uproot corruption due to the poor execution I would say it turned out to be just a change of clothes. Black money and corruption was like water dripping from a tap into a bucket. Demonetization aimed to stop the water from dripping but was able to replace the bucket. So I believe that the black money will continue to affect the growth of the Indian economy.

Yes, I agree that ban 500 & 1000 rupees note, poor people are affecting. They are losing their work, because of changing 500&1000 rupees note to new 500&2000 note. In early date, banks are giving only 2000 rupees note.

In my side, most of the elder people are affected by illness, They have no bank account. They were thinging, how to change the money? They are waiting in queue for changing mon. In working man& women they lose their one-day work for changing money.

I think the ban on 500 and 1000 rupees notes is just like changing of clothes. People who were corrupt have somehow made a way to secure their black money from the day when this rule came into action. The common people have to suffer a lot due to this change.

Myself belong to a village area and there was only one bank which was responsible for providing services to 10-12 villages. One day in a month of December I saw there was no money in the bank still the poor and needy people were in the long queue standing from 4 A M. And also they were only given 2000 rupees if money somehow supplied to the banks. The poor people who had work very hard and save their money in the houses in the form of 500 and 1000 notes suffered a lot in the exchanging them. The poor people who did not have a bank account and they daily earn wages to fulfil their daily needs such as people who drive a rickshaw, earn wages on the daily basis such as painter, sweeper, small fruit and vegetable sellers and many more common people.

The people who had to suffer for only the common people and no one else.

I am not against Modi Ji who had taken such initiative to remove corruption in the form of black money.

But they should have planned in such a way that the poor people could not have been in such a worse problem.

In my opinion, corruption has just changed its clothes, I appreciate the government move to demonetize the 500 and 1000 currency note to curb fake currency and somehow corruption but its effect faded away in a few days after that. Those People having black money, convert it into gold, contacted their CA to find different ways to digest it. Today, new currency is used as a new tool for bribe.

Corruption cannot be uprooted till the people will not step forward to take their responsibility as mention in our constitution. With the help of government they have to be more responsive than reactive.

Hello, everybody!

I believe that the banning of 500 and 1000 rupees notes and the introducing the new 500 and 2000 rupees notes is certainly a major step in curbing the black money transaction in India and hence corruption. Although many short-term problems were experienced like standing in a queue in banks and ATMs in the scorching Indian heat, I believe that this will help us in the long run. Also by this demonetization, the government has shown that India is gradually going towards a cashless economy with digital payment apps like PayTM, Mobiqwik etc now ruling the market. The advantage of this is the circulation of black money transactions will be reduced thus improving our economy and hence the GDP in the long run. So yes, demonetization has certainly been a step to uproot corruption but at the cost of some short-term sacrifices.

By this banning, it's 50-50 situation. As much as it helped the government to stop corruption but it created a great problem for normal people during d money change. Also nowadays we are facing difficulties during payment in shops n all. It difficult to get the change of 2000rs. What about poor fellow. They only had a 2000rs note and he wants a small thing of just rupees 10, 20 and they went to a small shop in the village.

Hello everyone, in my opinion, by banning 500 and 1000 notes the goverment has shown its intent that corrupt practices would not be tolerated anymore so by which corruption should definitely come down but can't say completely uprooted. Corruption has continuously changed its clothes from every beginning so the note would note have any major impact for those changing clothes very frequently.

Hello, everyone!

Banning 500, 1000 notes was the very first substantial step that any government till date has taken. Banning them showed the government the modes through which people launder black money thus putting a stop to them immediately. It did give the people some problem but except the Congress, I could not see anyone else complaining. It has helped uproot corruption because the government announced the connecting of Aadhar to Pan card (providing transparency in income and expenditure) immediately after and encouraged cashless transaction, the government took out yojanas to award people who did cashless transactions. All this only shows that India is moving though slowly yet to becoming a super power.

It was a good initiative by our government but we have to accept that it was a failure. First of all the whole country wasted enormous time in the queue. People have no other choice. The implementation was so poor that every Indian was affected. During the first eight days of the Demonetization more than ten new rules have been changed which shows how much RBI was prepared. Coming to corruption Bank was having a great deal with the corrupted people it was 50-50 offer. Only 5-6% black money was recovered. On 17th June 2017, a BJP member in Kerala was arrested for printing fake currencies in new 2000 notes. The data and fact say that terrorist and Naxals attacks have been increased. The ATM Delhi and of some areas was reported to dispense the fake currencies. So overall it was a failure.

Hello, everyone!

India has been a victim of corruption from the beginning which has resulted in the growth of the gap between the rich and the poor, the distribution of wealth has been worsening day by day.

The motive of demonetization was obviously good. The government had done some homework like connecting almost everyone to bank accounts and making Aadhar mandatory.

The move was appreciated by almost all sections of the society initially. Even a poor farmer who had to wait hours outside the bank was saying that my pm has done a great job.

But, the dark side of this step started being seen soon. On November 8 itself, Gold shops had operated till late midnight. Many changed their blacks into whites.

Many bank managers were caught in the scandal of currency conversion. So, into the corrupted people hardly suffered.

Talking about the suffering of common man, ATMs were not organised up to the level of requirement. The poor middle class suffered a lot.

The government should have anticipated these before taking the step.

Proper CCTV's should have been installed in banks. Gold stores should have been ordered to be closed at that very moment. Police should have been deployed in banks and every transaction should have been done under CCTV surveillance. (since at many places it was found that CCTV wasn't working).

ATMs should have been organised well. The Government should have circulated more 10, 20, 50, 100 Ra notes in advance for some months. Govt should not have introduced 2000 Rs notes. These steps could have made the plan successful.

So, overall I'll say 'demonetization has not been successful'.

But, it gave some outcomes which have been very good for future India.

1. All the fake notes and agencies producing them were restricted.

2. Digital payment has been encouraged which significantly reduces corruption and has many more benefits.

3. It has given a sense of fear among corrupted people that things can become worse for them in future anytime if they don't stop their wrong practices.

IT was a bold move. It had to have some results. Things could have been anticipated and make better but we cannot deny the fact that it did have some good outcomes too.

I'm thankful to the current government for it is doing something to bring the change and we all should be.

Thank you!