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

Hello friends.

According to my point of view, demonetization is a big step taken by our government to stop corruption. Actually, demonetization is a process of imposing a ban on 500 and 1000 notes. It is a major step taken by the government on 8 November 2016.

In my point of view, it is a good step. Actually, everything has some advantage and disadvantage. There is some problem faced by the people due to note ban, but after that, a big change can be seen in our Indian economy. According to the latest report by World Economic report, India ranked 40 in terms of economic growth.

The USA prime minister donald trump's daughter said that india's economy is increasing at a faster rate than ever. According to the latest report, our GDP has increased from 7.2% to 7.5%. At last I want to say that this is one of the major step towards the development of Indian economy.

Thank you.

I believe demonetization will not affect the side-effect that is susceptible to the Indian economy, the Indian government should work toward the progress of poor people who are dying starving and each government comes with the motto to recover the amount of money they put on the slab. 500-1000 notes were not the reason behind corruption but the dark side of our political system is politicians who are playing with the emotion and expectations of the people. Demonetisation can't control corruption.

Demonetisation of 500 and 1000 rupee notes was a good step taken by our government but first what is black money- it is the money we dealt in cash but not paying its tax. It is the rooted problem in India, so many people not paying their proper taxes. On the other hand, the closing of black money directly affects poor and middle-class peoples and they suffer a lot.

Due to demonetization lots of money is gathered in the bank and proper taxes are paid to the government which is also helpful in country's development. It is estimated that at least 95% of the demonetised Rs 15. 44 lakh cr has already come back to the banking system.

I think it's a good idea by our PM. The people who is having a money without document or proof store their money in various places. The minimum that money will go out of currency and the ad thing is that this money was may be used by terrorist or politicians to grab votes from poor people.

Hello guys,

Demonetization happens to reduce fake currency, reduce corruption and to reduce terrorism. And its proven right because of demonotization tax collection has increased but as it is planned it didn't results like that. Still people is carrying fake money.

Yes, of course, demonetization has left its impact on Indian economy but what was expected it is not happening.

Actually, I am satisfied with this decision, it seems like they done to show that government is working, but it effects us in various ways. As totally banking scheme has been changed (charges even on the small transaction), it is not demonetization of money it just demonetization of poor people or you can say general category people. It causes a hike in price and note availability in the market.

Hello.

Friends.

Ban of 500, 1000 notes are introduced by central govt of India. Govt take a very good decision. It will be helpful for developement of our country not only developement the corruption will be reduced.

Due to this ban of 500, 1000Rs there is so much of effect is occuredon high class people. It is one advantage to the society.

Not only due to this there is so much of effect is occurred on middle class people compared to the higher class people.

Effect is nothing but it is very bad situation in their life. Without money the middle class people cannot earn.

But recently the govt annonced that it releases 2000Rs notes. This very good decision.

But compared to 500, 1000Rs notes the corruption will be increases.

So from my point of view please release the new notes that means every year ban the previous notes & release new notes.

Hello friends,

After our Government had started demonetization previous year, many cases of black money have been found. But still, there is an existence of corruption due to the presence of black money used for different purposes. Many of the rich people started paying tax after demonetization so this is one of the great success of our Government. But corruption would again begin with new notes i.e., 'It just changing clothes', by the way, political parties does.

The best way of ending corruption is to move towards digital payment for which government had started taking actions. So corruption can only be uprooted until every single people of our country starts digital payment.

Ban of 500 and 1000 notes is a good step toward corruption but really can not stop corruption by this activity. Only got out some corruption fund from the public.

Hello friends,

In Nov 2016, the Indian Government demonetized around 86% of the India currency, which is in itself is a historical decision. This has led to many hardships and struggles for the common man and the economy too has suffered, even if only for a short term.

Moreover, all the money that was in circulation had come back to the bank, so where has the projected, so called black money went? With time, the money is and will be withdrawn and the same corruption will continue, this time in the form of new notes of the new denomination, wouldn't it?

But does that mean, the demonetization exercise has gone up in the winds! Any exercise's success or failure, in democracy, can only be decided by the number of people supporting it. And, we have seen that, barring some critics, there have been hardly any mass protests against demonetization.

It has led to a tinge of fear for the hoarders and a ray of hope for the masses and that is quite something that CAN eventually lead to the uprooting of Corruption in our country.