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

Banning of 500 and 1000 notes are a very good decision which can, directly and indirectly, helps our Indian economy which can be noticed in future. I want to thank our PM Modi as he takes this great change over in Indian economy. After implementation of this banning, thousands of crores of unnoticed black money and money of terrorists get noticed. Because of this decision, crores of money of terrorists which is in Indian currency went into dustbin which could not be replaced by new notes as that money does not have any proofs and recognised owners. So the economy of terrorist groups which are nearer to India drastically fallen down which indirectly helps our Indian security. Coming to difficulties faced by middle class and poor people, for better future I think it may not be so difficult for them and I think all the categories of people can understand the advantages of it.

But the only drawback is in it's implementation as before printing of proper amount new denomination notes, the decision is implemented which created some difficulties for people.

By banning 500 and 1000 rupees the effect which the government wanted to see in the country to bring out corrupted leaders went in vain as it only caused trouble to common people as they had to stand in queue in bank for exchanging money not the corrupted ones.

Hello friends.

According to my point of view, demonetization is a good plan implemented by Prime Minister Modi on 2016 to stop fake currency in our country by the way in several places it was controlled but in some places, it was not so the plan was not 100 percent successful.

The Ban of the 500 and 1000 may be very much good for the corrupted member but it makes the poor to suffer much and make the employees in the bank stress.

I think if we want to bring up a change we should be ready for that too.

Sometimes changes work in favor sometimes not.

I would say that this is a very positive. The Step has taken up by the government.

We all know that a lot of money was collected from different places after this.

Though not a powerful one but a nice try to do that.

This is the biggest scam in independent India. This is just for the business men's. According to RBI report 99 percrnt notes returned to the bank and RBI has a loss of 6000 crores. This is affecting GDP and it will affect in future too. Poor people will get nothing. Only few people will get profit who are the members of saffron party.

Demonetization was introduced by the Modi government in order to curb black money but it couldn't achieve its aim due to many reasons firstly this change affected the middle and low class people to an extend the government should have made the availability of notes more easy and the quality of the notes should have been good and there have been news that the new 2000 notes are being damaged and the 98 percent of our money has returned to our banks and there has been latest news from them RBI Governor Raghuram Rajan that he has not supported the demonetization and all this shows that respectable PM Narendra Modi has plotted in favour of the rich.

Hi.

Myself Jefri.

In my point of view, this scheme gave us lots of difficulties, especially for the middle-class people. But I support the banning of 500, 1000. The worst thing is a generation of 2000. So there is no gain we had from that scheme.

Hello friends. Actually ban of 500 and 1000 rupees notes is a process which created problems to the middle class and lower class people. Because they are persons who run their life with daily earnings. Due to this decision of the government. Those people can't run their normal life due to the money problem. The plan of demonetization is already known by the people who had black money. So the plan is unsuccessful for example. One businessman contains 133 crores 2000 notes in his house. How can the man get this money?after publishing the process of demonetization by the government how this man can get this much of money within four days? So, I am concluding that government should take another step to ban the corruption in India. Thank you, friends.

Hello everyone.

Ban of 500 and 1000 notes was a good initiative taken by our government towards corruption. But it could not prove to eradicate corruption from our country where there are many people having crores of black money. As the statistics came that nearly 99 % money was being returned to RBI. These prove that all the black money has been successfully returned and exchanged by corruptors. The decision was somewhat fruitfull as many people were even caught with black money but in India where there are thousands of corruptors pulling out 100 of them would need to eradicate corruption and increase Indian economy. Morever, middle class and poor class people suffered a lot due to this one-night decision. They had to stand in long queue for days to exchange their little penny. Over and all it was a good initial step to deal with corruption. Hoping such decisions could prove worthy as middle-class people are the most sufferers of this root problem.