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

In my opinion, the corruption hasn't uprooted because earlier it was hefty to keep large amount of money since the notes were small valued max at 1000rs so for 1 lakh the person had 100 note bills of 1000 but now it has become much easier as the same value has been turned down to 50 notes of 2000 so it is much easier for a person.

Secondly note ban brought alot of illegal exchanges of notes, there were instances where some bank employees were exchanging notes at a rate suppose 8000 rs in new currency for 10000 old currency so thus promoting corruption at certain levels.

According to my point of view, banning of 500,1000 of currency will not able to stop the corruption because as we all know that no sign of any corrupted person are found by applying banning strategy ,but many of capable or successful to exchange their money ,on the other hand big amount of currency can lead to increase the corruption because in place of 1000 they store 2000 means double black money, poor are not suppose to use 2000, change are not found in urgent time.

Thank you

According to me, banning 500, 1000 notes & introducing 2000/- note has increased corruption. Now, smaller bundle is required to give same amount of money. Besides this, Corruption at small level is also increased. People who were earlier satisfied with 500 or 1000/- note will now demand 2000/- note. Second thing people have more money in terms of assets as compared to liquid money. So nothing will change.

It will reduce black money in the economy so the government as done right to ban 500 and 1000 notes half of people are opposing why goverment has ban 500 and 1000 notes so there will be flow foreign currency and the corruption will end.

Hello friends!

In my perspective, it was a very good step taken by respected pm Mr Modi. Yeah, I do agree that there were some serious problems also with people but instead, it was a good step for good future of our country. This step was not less than a deadly dream for corrupt people who had to have a lot of black money in swiss bank. It had also lessened the terror activity of terrorists. Crores of money came back in our country which was distributed among poor people. But there were some serious problems. The Government had not taken enough backup. There were lots of crowd in front of ATM's banks. People were anxious due to unavailability of money. But after the passage of some days, the situation becomes normal. So it was a good step.

As per my view, the ban of currency is certainly not profitable. There is no major change in the corruption, rather during the period of demonetization the common man had suffered a lot, by standing in a long queue of ATM's & banks.

Hi everyone as one of my friends said that the maximum Indian currency should be not more than 250 rupees.

I agree with the statement as if there will be less currency than when anyone who wants to hide their black money should have to hide in bulk at any large place and it would be a heavier task and while transporting also it would require a much amount of caution which would be noticeable and terrorist will not be able to get much money as the quantity will increase but not the amount will.

Ban of 500 and 1000 notes was major impact on middle class people, its a good idea but there should be a better plan by introducing the different currency notes to over come the problems. Many of them are still maintaining the black money but the major impact was on people who are in below poverty line. Main the political parties are using their power and doing more money so that they need to come with a different idea that should affect the people who having plenty of black money.

Demonetization lead to corruption uprooting for middle class people as the money flows from missile class people to high class people so if they don't have money only then how will they give corruption but for high class people who are powerful for them its just changing clothes as they found different ways to convert their black money. And also due to demonetization middle class people suffered as they was no money flow in the market, govt should have educated people about digital payments and then if they would have done this demonetization then atleast the middle class people would not have suffered much.

Hello friends,

I am glad to speak two lines about this topic, my point of view is that ban 500, 1000 notes are corruption uprooted because it's a major factor for our country to grow in a good way and no any difference between rich and poor people. Everyone is equal and same to provide facility and laws to the government.

So my conclusion is our country growth fastly and digital making INDIA.