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

Hi guys,

I'm Bindu.

In my point of view, demonitization is the major step taken towards uprooting of corruption. There are many pros and causes in implementing any decision. Similarly here, I agree that demonitization has caused some problems. But they are temporary. It shifted the people towards digitilization, which inturn controlled the mediators and corruption. It led to higher tax collection which improves the economic growth.

So, as per my opinion, demonitization doesn't completely eradicated the corruption but it reduced corruption to some extent.

I think its good steps of Indian government to reduce corruption. In this step, arises many problems at that time. To make India corruption free few more steps are needed like demonetization. But many rich people easily change their black money into white money.

Hi,

I am Prakash.

Today topic is digital payment secure or not. So I Think This idea good for growth our the country. We can do it an easy online transaction and save the time.

And also black money cannot be hidden in digital banking.

Most of the person standing in a queue outside of the bank so apply this idea after that easily solve the problem.

But some demerits Most of hacker hake website so before apply this idea make A secure side.

And Rural people don't aware of digital payment so First of all, the government provides education in rural areas after that, all these things are possible.

Good evening everyone, You all might be right in your opinion and in mine too. We suffered a lot at the time of demonetization like standing in the queue for hours, many industries suffered a huge loss, GDP got down and more which already quoted.

Everyone knows that the implementation was not done in a right way. In my opinion, the implementation could have been done in a right way, if 2000 rs had not been introduced, instead, 500 and 1000 rs were introduced. This 2000 RS serves as a medium for collecting black money.

Secondly, Rising of black money could have been avoided by decentralized or blockchain technology.

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.

Ban on currency is an bold action taken by our government. It's reduce the rate of corruption because of scared of black money holder and their exchange of black money with gold or with property so decline into the rate of their respective price and also play important roles to reduction corruption.

According to me, everything comes with some pros and cons. Although the government tried it's level best to eradicate corruption from its base. But, I think the planning procedure was not adequate. More stringent measures should have been taken. Despite of all the efforts, it's not only the sole responsibility of the government alone, we the citizens should also contribute to this matter. And it is only possible if we remain self content with whatever we have. The desire to have more is the main reason behind this corruption problem. So, I think this action could have been better if we ourselves try to put some efforts into changing our mindset.

Ban of 500, 1000 notes is a proper vision seen by the government of India but around 125 crore population of India they have to think some basic parameter like the proper guidance of digital devices, ATMs, a proper employee in banks etc.

The Vision was very effective as to remove black money from the market and duplicating notes as well but still, 2000 notes also caught in many banks as a duplicate.

I appreciate our Honourable Prime Minister Mr. Modi for taking a step for uprooting corruption. I think it was not successful, corruption has just changed clothes. Banning 500, 1000 notes had affected poor people and middle man more. Corrupted people had converted their black money to white money through various sources like by buying Gold and used their influence to another ways.

First, we should understand the different aspects behind the demonetiZation, after that, we can discuss it's failure. Aspects behinds, were-1- stop illegal funding, 2-stop use of parellel economy, 3-to know legal economy. And I think, if you are a true nationalist you will also support this. But the fact is that if we only think that if a step has taken it should have immmediate result. I Know We Were Unable to stop the corruption totally but somehow a message was conveyed that such action can be taken once again to take hold over parallel currency. This action of demonetization will be helpful for the middle-classs citizen as well in terms of taxes. I also at the same time understand the fact that we had faced many problems but we can do this much for our nation. Please stop doubting every thing, and if you are geniune and not doing things with a wrong intention you will be able to find the solution as well.

Thank you.