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

From my side, demonetization is a most effective weapon to fight with black money, it is already used by other country and positive results is found, the same way in NDA government do the same activities but improper planning, I think they need more time to execute to success.

According to me, After being ban 500&1000 notes many corrupted leaders stops their corruption. But many corrupted people no stopped their corruption. Corruption people discovered many ways. He has many ways of corruption.

Pm Modi is trying to corruption stop.

Modi ji wants that black money has come in India. But he is no success in this work. He trying to, India is a soft nation made by Modi ji.

Note ban is a courageous work by Modi ji. Then number of corrupted people dissent. I wish Modi ji for this work.

See as per my views, it is not at all changing of clothes. Firstly it has increased direct tax payment by 33%, which would eventually boost Indian economy. After demonetisation, the terrorism has reduced and fake currency has completely uprooted and it has estimated by the analyst that demonetisation will increase GDP by 2% in upcoming 5 years,

According to me, population of India is near about 125 cr. Very few peoples have uncountable currency. Thus Govt of India had taken BAN of 500 rs and 1000 rs suddenly. Which will change India's face?

In my point of view, corruption is not totally uprooted it just controlled. Because still we have more black money in our country.

In my opinion, the government has a set of ideas towards curbing the corruption and note ban is just a step towards it. There were many people who have stacked the amount safe in their lockers which has become useless. So if the whole idea to stop corruption would be just to ban the notes, then it won't be efficient enough as it's just giving the head start to all those corrupted people.

But if as promised the government has planned well the further steps and also the government has planned for the nation to become cashless in coming years, then I think this note ban will work pretty well in that case.

According to me, Demonisation has both advantages and disadvantages.All black money holders put their money in the SWISS.it has some rules.

* It doesn't show/reveal how much money is deposited by the account holders.
* It doesn't have any limit for the money to deposit.

So, first, our government has to show that the property deposited by the holders is not legal.then the SWISS allows them to know the details of the holders.

But it is a time taken process.we have to wait for it. And if we come to disadvantages,
Common man has faced so many problems due to ban of 500 and 1000 notes.waiting at the banks, standing in the queue lines at ATM etc. These type of problems made the people to suffer. Now, almost all the problems related to the ban of 500, 1000 notes are cleared. Now, we have to wait for how black money will come to reveal and how does it affects.

Yes, the demonetization is a bold step taken by our Government In some extent, black money reduced by demonetization but if it has planned previously then it would be more effective in decreasing black money. Citizens of our country faced many problems but if we want for the development of our nation then we have to contribute some from our side. In the other hand, people faced problems by standing in a queue in front of banks and ATM for exchanging their currency. By demonetization the growth rate of the digital transaction has been increasing. Which is a bold change in economy growth of India. So it was just not changing clothing. It changed a lot.

According to me, it was a good move by GOI.

Major impact of demonetisation helped to curbe black money, terrorism, kidnapping and human trafficking etc.

If effectively implemented with some other laws such as benami property law it will have grater impact on long term economy.

In my opinion, though banning old 500 and 1000 notes and releasing new 500 and 1000 notes looks a lot like changing clothes but it does have served some purpose in uprooting corruption. Maybe a major portion of black money have been converted into legal form by various means but now this money would be taxed by the government, because of the shortage of cash parallel economy is shrinking as most of the black economies are unbanked and operate through cash.