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

Hi friends, according to my point of view, it is a good decision taken by the government but it is not good for poor people because poor people does not have more money. Whatever money they have they face a lot of problems to exchange their money but in rich people have more money and as you say rich people are well know how to secure there money their money does not form of cash they put it in real estate properties etc. So we need to think about this scenario also.

Thank you.

As we know big things take time to settle down. So our Prime Minister Narendra Modi took a bold move on 08th Nov 2016 by banning the 500 and 1000 rs notes. It was all done with a view to stop corruption but we all knew that until and unless the common public didn't support that it can not be totally removed it. So if we support our prime minister in his move then surely our country would get free from the insect of corruption.

Corruption can not be uprooted because the human greed for achieving things were in a large competition is present there, then the corruption will find its way. But ban has made that corruptions way narrow.

Hello,

The new denominations as introduced by government of India can not UPROOT corruption but it will act as one of the measures of decreasing corruption for a certain period of time because.

I- We clearly observed from the discrepancies and inconveniences the move of demonetization was not well planned and under executed.

Ii- As we are here 3 months after demonetization most of Indians who are digitally illiterate still prefer paying in cash and so are they who don't want to pay their tax properly. Those who know how to pay cashless transactions are compelled to pay in cash by former people.

Iii- As long as there exists 2000 rupee note paying a large amount of cash in notes is more feasible which leads to more illegal money accumulation in the vault of any corrupt.

Yes, of course, Demonetization is a bold decision to curb black money taken by Modi government. And the decision has been taken at that time when Internet revolutionary is on its high, which will not only uproot the black money available in the form 500 & 1000 currency notes but empower country people digitally also. Now the topic is that "corruption uprooted or just changing clothes" then I am in favor of corruption uprooted because it has withdrawn the money which was hoarded or deposited from illegal sources of income. It is a lesson teaching for those who made black money by their black deeds, it has set up a fear in dishonest, there is no doubt in saying that it was necessary to step, but it is not sufficient to cause black money is found in the form Real estate, gold also. That also needs to be cracked down. And making people aware of digital transactions specially in rural areas. How to make secure digital payment that's needed as well as important.

Some people say that there is nothing to going change after demonetization I want to ask question to them how they feel after demonetization when they travel without having cash in their pocket and go for online ticket booking how they feel when they go for shopping only having 2000 notes and some other 100 notes feel secure that's a point on that our pm Narendra Modi Ji think and go to for ban on 1000 and 500 notes.

Thanks to all.

Hello Everyone,

To uproot the corruption, banning of 500/1000 Rs. Notes is not the only way to curb corruption.

According to me, it's only a changing cloth. Moreover, after the demonetization drive, we have come across a number of examples that the managers from the trusted banks have helped to ruin this drive by directly supplying money to the ruling government.

In the recent example which we have come across is that before the demonetization drive a couple of months ago we use to get pictures of new 500/2000 rs. Notes on social media.

So the government did not keep this drive to be a confidential one, they somehow helped their near ones.

According to me after this ban, the roots of corruption are deeper than were in the previous times.

Thanking you.

Banning 500 and 1000 rs is a great initiative taken by the government of India. But corruption is not uprooted, but it causes huge wastage of black money, which makes Indian economy less corrupted.

Banning 500, 1000 is one of the steps taken in order to curbing black money and corruption. By this move little bit black money came under control as it seen people devastated their black money.

For uprooting corruption more steps are involved like forcing country to go cashless- As currently a round figure of 60% people are using cashless transaction mode and others are not aware or they didn't feel safe while doing cashless transaction. Indian government is also amending the security issue of online transaction so that hacking and security breaches does not come under the picture.

In conclusion, I can say that banning currency notes is good step and more to be added in order to curb on black money forcing country to go cashless this are the good move.

Corruption is so deeply rooted in our country that it might take many many years to curb it. But banning these two denominations is definitely a start to uproot corruption. The present government has already started a crackdown on corruption and corrupt entities by regular raids, by going digital and soon the Benami Bill will also fall into place. I feel that banning the 500 and 1000 rupees notes is a very bold and smart step towards and anti-corrupt India.