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

Hi friend
In my view, demonetisation of 500 & 1000 note are a good decision but as RBI says that 17 lac cr. Rs are circulated in the market but they don't show that how much money deposits in the bank.
And apart from this, bank manager and employed are failed this movement. As will as that our president also say that demonetisation is big issues for future economics. And many small bussiness and industry is affected by this act. And also unemployment are increase. Hence demonetisation is not a good movement.

According to me, demonetization uprooted the corruption because persons who having black money are exchanged their money using others bank account or changed it using some illegal business. Normal people also helped this corrupted people to change their money for little concession because no source of money to them due to banned of 500 and 1000.

Our Hon Prime minister Narendra Modi taken good decision to remove corruption from our country. Banning of 500 and 1000 rs notes became a headache to black money people their wealth accumulated because of black money and by banning the notes, our country will get some money to help suffering people for eg farmers etc. But poor people who are illiterate they don't know to use ATM even people don't have atm cards now we have to educate them and make them digitally emp[owered. So that our country becomes developed. And people are secure by means of digitisation. So I appreciate banning of 500 and 1000 Rs notes.

The move by the Central government and the RBI to pull out the old Rs 500 and 1000 currencies out of circulation is indeed a bold move, with the stated objective of hitting hard at corruption. However, the hasty implementations of such a move have taken the country by surprise and we are all familiar with the inconvenience it has caused. Now talking about corruption, we may be inclined to agree that yes corrupt people have been caught and money in huge amounts confiscated, according to media coverage and government revelations. However, we need to be enlightened to the fact that the sharks swim deeper. Those with the power and reach don't stash the money in their houses but dump it abroad. And only the small fishes fall into the net.

Also, thanks to confusions and misinformation, we are aware of people forging even new bank notes. This has given a new face to corruption. People even are able to whiten their black money, with some help. We can accept that corruption is a social state that can never be uprooted till human greed prevails. Yes, the move is a welcome one, but a ton needs to be done still for achieving the results the nation desires.

Hai, friends.

To ban 500/1000 Rs notes were good to ban suddenly even if poor and middle-class people suffered so much but to ban these big notes was a big step to stop a major crime in our country during elections because if a danger crime takes place so because of huge money.

But I would like to know that, why has the government not re-opened 1000 Rs notes?
I think the says might be that we are banning 500/1000 Rs notes and reopening 500, 1000 and one more 2000 Rs note.

In my opinion, I think it's just a change of clothes, if the project of banning was properly planned then it would have been much better and no person would have lost their lives in this process. I think it was applied in real hurry that's why even before printing the new notes the old currency was banned rather notes should have been printed earlier to avoid this chaos.

Now, coming back to the topic its just change of clothes, recently I checked in to a hotel in Delhi, the heart of India, and the manager won't accept credit/debit cards they just want cash, banning can't solve corruption it's in the soil it can't be uprooted.

The Solution is just to ensure proper e-payments at every place so as to avoid corruption.

Ban 500, 1000 notes - GOI taken a very effective step in the economy of India. They Ban old notes which have a huge effect on corruption and people associated with corruption. Somewhere there is a positive as well s negitive impact on the economy for demonitaization. As surprisingly PM announced about the demonitization. It has a huge impact on Lower and Middle Class people. It satisfies both that Corruption uprooted and somewhere it just a changing clothes.

According to me, note ban is a quite good decision taken by the government, as it is also written in our constitution that after a given period of time currency has to be changed to avoid corruption and also black money.

But it did not help that much to the country as it was told. Because corruption will be there, now with a new currency and also after a while fake notes again will be there in the market. So if we talk about in long run there are not many advantages of demonetisation, but for some time as the fake currency is not there, it will help in reducing terrorist activities as they are organised by that money (fake currency).

Demonetization decision was correct but planning is totally felt. I think government totally felt to solve the problem of the last peasant of the society.

The decision taken by our honourable prime minister is good because we do not know how much black money is our country having through this demonetization we came to know about the people who are having black money. Modi Sir decision is very much true because an ordinary man should know where the money is going and on which basis.