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

Demonetisation was a very powerful step taken by our government. The decision of demonetisation was taken to stop corruption and black money. High-class businessman and many people earn black money which is illegal. This increases corruption. So to stop this a major step was taken by banning 500, 1000 rs notes. But the situation, now and then is still the same. Corruption is still prevailing and black money is still the major cause of concern. So, for me banning of notes is just changing clothes.

Thank you.

Black money is at political leaders but no politician has been come out for about ban of this notes (500, 1000) because they all exchanged their before banning notes and remaining people suffers and the political drama continues.

Hello Everyone,

My name is Aadivya, in my opinion, Demonetization is a very good step to take out the black money, but the implementation was very bad.

As you know all there were around thousands of people standing outside of a bank in a long queue, which hits the middle-class people. No one can saw a Rich people standing in a queue.

As many of situation happens at that time like, if I am talking about myself. I suffered a lot. There was a shortage of new Rs 500 or Rs. 2000 notes in the bank. The atm's were almost empty for most of the time.

If the Atm's was refilled in a week. The ppl were gathered there in a bunch & about 1 km long queue was made at the same time. There is also a problem of server down happens. Sever downs for an hour.

So, demonetization is only a cloth changing!

Hello guys. You all have a point.

Government of India means not only the prime minister it includes from a cabinet minister to president of India. Guys, India is a developing country so the population is also increased. It is a duty of every individual to support our goi. Yes, it is true 2-3 months middle CLS people suffered a lot among them some understood the cause for banning 500, 1000 notes and some felt bad that to stop corruption and for a mistake made by a politician and a high professional who are corrupted why a common man should suffer. ?guys I want to highlight a point here the black money which is With politicians of country is not less. With that money India would have become a most developed country by now. Whatever measure is taken by goi is absolutely right but methods of implementing it is not right. Alternative methods should be chosen for implementing this idea. But guys nowadays this plan is also failing with appropriate measures the same plan can be worked out successfully.

Thank you all of you.

Hello, friends. In my point of view, the ban on Rs 500 and 1000 notes are really good and bold initiative taken by our pm. It will reduce the circulation of black money in the market. There are some advantages of it like.

It has increased the deposit in banks now, the base rate will decrease and the people get a cheaper loan, as well as they, had to exchange from the bank so there will record of each account and transaction so by this way black money could easily found.

Many companies and businessman had caught by it department for the illegal money.

It has also reduced the terror funding.

Hence we can say it is a very effective step towards corruption taken by the government.

Hello everyone! In my opinion, this is a bold and great move. Bold because our PM took the courage to put a country of one billion into hardships for the collective good of economy. And great because it was able to root out huge amount of black money in one go. Yes I agree that this one step only is not going to remove corruption from the life of a common Indian. But this is a step in the right direction. As to quote the Joker - "Desperate times need Desperate measures". And it is not an unknown fact how deeply corruption is embedded on Indian system. Also now we are seeing implementation of GST which is going to plug the leakages in tax system by a big way. If Demonization was the beginning, then GST is going to be the journey.

HELLO FREINDS,

This is a big decision by the government to ban 500 and 1000 notes. I think little bit corruption will be uprooted. Many agencies have the machine to print the duplicate note and most probably in Pakistan. Therefore in Jammu & Kashmir there is always riots. So the ban of notes the duplicate notes not be published.

This is good for India to fight with the terrorist, to fight with corruption. Also, the Government is trying to connecting with digital payment. Therefore there is no need to traveling with a huge amount of cash. If all the people do the transaction with digital then income tax department will also know the process of debit and credit of money and they have right to ask the people for which purpose they are giving the money.

If this thing will happen then it takes some time but corruption will be stopped.

Thankyou.

Hi,

According to me, the demonetization move initiated by the Indian government and the central bank of India is somewhat useful for our economy, I strongly disagree to those who said that this movement reduced the GDP rate and it's a complete failure. But this point is on a short term view of that. While considering a long term goal it is very useful and appreciable. It's a true fact that the corruption here cannot be uprooted totally. But this move helped to reduce the corruption for a 20%. So I think it was a good move.

In my point of view, it is just one step to restrict the corruption. The government has to take numerous steps to uproot it. Its true, it took out all the black money from the society which was in the form of old 500 and 1000 notes. But in recent news, it is found that many people exchanged their old notes with the new notes with the help of bank managers and other brokers. They paid a lot for exchange. It was the only solution for some time. Again, the reality becomes the same as the previous. Even 2000 note is easy to hide in form of black money. It's a bad impact could be seen during the ban, it helped many people to earn in the wrong way. Till the current scenario, the ban of notes of 500 & 1000 is just changed its clothes.

Hi.

Every coin has 2 sides. Similarly every situation has two sides. Demonetization is really a big and challenging change took by the Modi Government. The idea is really good to reduce the corruption. In my opinion, this is a nice idea to implement which can make the drastic changes in the society but our government failed in implementing it.