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

In my aspect, the poor people is affected by taking this decision. Not arise any problem to middle people and high-class people. Our country is a developing country so many people are in below poverty line. First, satisfy the basic needs of the poor people and then implement this.

Well, according to me, demonetization was a good move which went in the wrong way. It was meant to dig out the black money, but I feel it failed miserably. So many cases of money laundering were in the media buzz. And the government should have come up with some steps to put a stop on tax evasion in the near future, but that is also one area at which it lagged.

A good part of the black money is eliminated from the country and is better to use for the development of the country. In my point of view, this is only better full for large sectors but not for small sectors.

Demonetisation was one of the bold decision that government of India has taken till now. It was done to take control of corruption, fake currency and terrorism. As demonetisation leads to many difficulties to poor and middle-class people, that's also the reason that it was not appreciated by many of the people.

Also, our government was seemed to be not fully prepared for that bold step.

Because of many of bank officials, most of the black money was turned into white. Some people helps their friends and relatives to hide their black money. At the end, it was again us due to which that step was unsuccessful.

So our government can't do anything alone until we are not committed to support it's preventive measures.

I think democratisation is one of the worst decision taken by BJP government. It is actually meant for anti-corruption. But its implementation is not well. So it causes a lot of problems to the society. Also, the plan was actually aware by the currept people before its implimentation. So it does not realise the actual aim of this.

According to my opinion, the new notes of 2000 and 500 Rps prove to be beneficial to some extent. The only thing the government have done is by making the people stand in a Que in front of the banks and brought the entire money under a legal transaction. For a few months, the movement of fake currencies came to a standstill. But nowadays many fake currencies of 2000 Rps notes are seen. Some of the black money holders are in trouble, but the maximum no. Of corrupted people have their accounts in swiz bank hiding billions of dollars. Our government has to do something to bring all the money back to India.

Hello everyone.

In my opinion, Mr. Narendra Modi sir took a right decision towards stopping the corruption.

The main initiative to ban 500-1000 notes is to stop the corruption. This worked 100's of crores of black money were taken. There was a huge impact of this.

This initiative also restricted the duplicate notes.

So in my opinion, it was a great decision.

Yes, Mr. Advay, I agree with what you have posted just now. To some extent, it has worked but this step was unable to bring out all the black money. People distributed their black money among their staff members or relatives and got their money exchanged from banks. Yeah, they had to pay so money to them as a commission but still, their pockets are stuffed with black money, the difference is previously it was in terms of Rs. 500 and Rs. 1000 notes and now it's in the form of Rs. 2000 notes.

Demonetization is a not a root up step but it is a good step which has already taken by our honourable pm. Firstly, I want to say this one step is only to eliminate the black money because of this step 5 to 10 % black money is in front of us but other 90% is already hidden. I think with the help of this step we remember that how much money we have in our country we lost our everything in the time of politics mostly politics are corrupt because of bank managers and politician this demonetization was not rooted up it was only well and if want to see the major change in our GDP and condition we should take continue these type of steps. Thank you.

Demonetisation makes some corrupted people sleepless whereas some are unaffected from this step. When demonetisation came, some of the corrupted people usually transfer their black money in their servant's accounts for some time. Some of them have good contacts with bank managers and they turned their black money into the white money. While some have burned their black money. Therefore the government should take strict actions or change their implementation strategies against these corrupted people.