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

Demonetization was one of the major decision in today's economy. Banning of 500 and 1000 notes though was a good decision to stop corruption but the fruit was not that much sweet of what it should be. Initially the result was good but as the time passes a huge amount of money has also been wasted. Later it was also found there was a fall down in GDP. So I will say that 55% is against Demonetization.

Demonetization is a bold step taken by the Government. This brought an accountability to the money held by people. Even though many people complain that the step failed because people hoarding money were able to make it white by offering commission to poor people, but the point to be noted is that what now everyone have is white money for which they have to pay IT. Now no one can evade paying tax now. The suffering of common man was negligible compared to its benefits in the long run.

Demonetisation was a bold move and it was intended for good cause of uprooting the corruption and it did in fact help government pulling out a lot of black money and now many people are afraid of collecting black money but it's not the permanent solution because corruption is not stopped definitely not uprooted since as we all people corrupt people are not going to stop by this we are going to take some serious action against corruption for uprooting. But still it was a good decision according to me yes I accept that many people especially in rural areas were facing a lot of troubles but we can't avoid the fact that it did bring a lot of black money out. And we all know that if we want to get something we have to lose something.

According to me, I guess the planning was good but the implementation was not. If the implementation was good then the middle-class people don't have to suffer and not to stand in a queue. There was so many ways govt can handle this like if they can just inform the banks that they have to work for more hours to handle the chaos that was going to happen but they didn't. Most of the banks instead of exchanging money they just told us that we don't have money and they took all the money to help someone they knew. They didn't care about we the people who are struct in a queue for hours so at last I just want to say that this step didn't make any difference.

Hi.

According to me, when demonization of rupees 500 and 1000 Indian bank notes. On that movement farmers, workers, students are faced very difficult to exchange their old bank note to new bank note rupees 500 and 2000. They are wasting their time that movement.

And it is used to remove the black money. And used to grow our economic growth and collect tax on all Indian currency.

But after this demonization, it is a good effect on Indian economy.

Hai friends.

In my point of view, who was suffered is poor people. Because they were waiting for his own money and the other side politicians were escaped they direct link to banks and turned money from black to white.

As we all know demonetization suffer a lot for middle-class people but it was a good move for eradicating corruption seemed to be flipped also decrease our GDP but we seem some benefits later definitely.

Hello everyone,

Acc to my point of view, demonetisation is the right decision taken by the government in the part of developing our country. Many of them thinking that they got troubled because of the demonetisation. But, nothing comes easily.

Many of them thinking that it was not implemented correctly and it is failed. But I'm saying that it is a great sucees to our country. Because, may be it is failed to get back the corrupted money but, now our country going through digital. Because of the demonetisation everyone is going through digital payments like paytm, bhim. Etc.

I think corruption will still be prevalent. Demonetisation was like a temporary halt to corruption. People are coming up new ways to counter this. Most of the promised black money was unearthed but there still remains some and will always remain some. Peopel are finding new ways to counter these. Recent instances of tampering in currency chests in kanpur where 99 crores worth of old 500 and 1000 notes proves that corruption is just old wine in a new bottle. Involvement of bank officials and forging of fake records and use of deceased persons's adhar cards to channelise illegal money have been some ways that corrupt people have been using to stack up black money.

The policy of demonetisation is very good but the question arises whether it has been implemented properly or not? it can benefit our economy 10 years down the lane. But what about the present? had the government done a proper homework, this policy could have worked wonders. But obviously this was not the case. This policy which was supposed to reduce corruption in the economy hasn't really affected the corrupted people. Ironically, it made the lives of honest people miserable Instead of the corrupted officials!