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

Hi friends, in my point of view the demonetization is the best way to eradicate black money but the sad thing is the poor people and the small business were highly affected, hope it will come to normal soon. Thank you for the wonderful opportunity.

I think it is a temporary soothing solution to a permanent problem. The tree of corruption or what we call as black money has just fallen to Modi's Tsunami/storm, but one should remember it will grow again as root is still alive. For example, the unorganized shopkeeper sells grocery and there will be no bill and so no accountability. Similarly in reality sector also, due to heavy stamp duty and all, the people will put original sale value on the same deeds. It is highly impossible to find out the gold purchases of smaller values. So, it's highly impossible to define what's be the exact definition of black money.

Hi friends, this is not corruption uprooted because nothing they did with this decision. Only the poor peoples affected but one thing they would found out who are all changed their money and how much they changed. According to this detail, they may have chance to find out the correct person, the corruption will get uprooted based on the government's next step.

Thank you.

Hi friends, according to my point of view, it is a good decision taken by the government but it is not good for poor people because poor people does not have more money. Whatever money they have they face a lot of problems to exchange their money but in rich people have more money and as you say rich people are well know how to secure there money their money does not form of cash they put it in real estate properties etc. So we need to think about this scenario also.

Thank you.

Corruption can not be uprooted because the human greed for achieving things were in a large competition is present there, then the corruption will find its way. But ban has made that corruptions way narrow.

Without proper implementation, banning 500, 1000 notes did more harm than good as commoners suffered very badly. It is true that demonitization helps to check corruption but corruption can be checked by strict vigilance and other such measures too. Why should honest ones suffer just because our vigilance teams have failed to disperse their duties? Several people have lost their lives in due course. GDP growth has declined.

I think, all of you well know after demonetization intelligence cops caught corrupted people with new notes of 500 & 2000. So corruption is not fully desist. But somewhere for sometime, it reduces corruption. Note banning, It's like a resistance for corruption. And it's not just a changing a cloth it makes a very big effect on Indian economy after a long period and it also stops counterfeit printing notes.

Yes, the ban is very imped at this time because of the rich become richer without paying TeX. And in this time cashless play imp part. So every transaction above 2 lakh can be doing digitally is one major thing for stop corruption. I have not said it is total reduce in 1 year. But reduce compare to 2016.

I do not think that by simply demonetising higher denomination currency can uproot corruption.

It may have halted the extent of corruption temporarily. Because of lions shares of black assets in.

India was in non-liquid forms.

Secondly, most of the black money are illegally stashed in offshores tax heavens, as we know it.

From Panama Paper leak.

Thirdly, counterfeit notes may have temporarily stopped but it will emerge again.

Hello Everyone.

According to me, demonetization was just a temporary method to remove corruption so that common will take rest for some time.

But the corrupted person will find many ways to do corruption again.