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

In order for any plan to be successful, it is 1% idea and 99% execution and the same applies here. Banning 500, 1000 notes was a good initiative by the government but was not executed well. It helped rich people in converting white money into black money. Middle class people were the affected ones as they stood in front of banks in queues for hours and the rich people got their money changed into white. The only positive is that people started using online payment applications like paytm, bheem etc. For rich people it was just change of clothes, but still it left footprint in their mind that government can bring some other initiative to uproot corruption.

Yeah! The statement can be true. But there is not only negative effects like conversion of black money to white of big business man or some corrupt leaders. While most of the money has come in the eye of bank after demonetization and this reason is more powerful.

And if we say about the impact on poor people or middle class people was also there but all this was done for good for people. Because of demonetization many people forced to use online mode of payment which is also more valid reason than suffering in queue of ATM. And also rich people use their debit cards for online transaction that's why they didn't come in notice of people who are in queue.

This is a step in eradicating courption but in different manner than people usually think.

Hello everyone. We are in the society that is surrounded by full of corruption. Demonetisation has a major impact only in poor and middle-class people. There is no eradication of corruption after implementation. Many rich people and other corruptionist have invested their money in Share market, gold and real estate. Only middle class and below poverty people are affected but it's just changing clothes for rich and other corrupted people. Thus demonetisation neither reduce nor eradicate corruption.

According to me, everything comes with some pros and cons. Although the government tried it's level best to eradicate corruption from its base. But, I think the planning procedure was not adequate. More stringent measures should have been taken. Despite of all the efforts, it's not only the sole responsibility of the government alone, we the citizens should also contribute to this matter. And it is only possible if we remain self content with whatever we have. The desire to have more is the main reason behind this corruption problem. So, I think this action could have been better if we ourselves try to put some efforts into changing our mindset.

According to me, it is good things for our economy, because of demonetization affected by the rich people as well as middle-class people, in my life it has seen the first time and after demonetization our economy increase.

Hello.

I am Digvijay.

In my opinion, friends it's not that much uprooted as the planned made by the government or our respected Modi Ji wanted but yes we can say that it has really affected the rich people because of this demonetisation our economy increased little bit at that time when it implemented. But it is true because of this implementation the middle class and poor have faced so many types of problem. But hates of you Modi ji that one person who thinks for poor people or to become our nation corruption free. Or we can say that he has taken his first step against the corrupted person.

In my opinion, it is a very good initiative of government for reducing the corruption. Although it fail to achieve the expected results I think it has an impact over corrupt people too. I think it is an indirect warning of the government to such people so that they can come on the right track and serve to the nation.

Hi friends.

Ban of 500 and 1000 notes was a good step by our government but it fails in many views.

There was no any black currency caught during the demonization time.

There is no good effect on people's but so many bad effects are some during the denomination. No any businessman or any politician are not stand in the queue but poor and middle-class people's are stand in the queue of ATM or bank. Demonization takes some lives that are not any rich person that are poor people's.

Dear All,

Yes, it is a good step, the government has been taken for demonetization.

But this time, it was not succeeded as it only affects the poor or middle-class family. Neither any minister nor any businessman is in the queue at ATM for Exchanging money. The Government has done this just to make India corruption free but it was affecting only poor people whose family is standing in a queue outside of ATM as a daily routine it affects poor people daily income source. Hence, Demonetization is just changing clothes I would like to say that Government are doing good in the field of developing India but they should be taken care of middle class or poor family first.

The intention behind banning notes is noble, but corrupt people always find ways to escape such traps. As a result, a number of corrupt people managed to exchange the old notes to the new one by joining hands with bank officials. Though it was strategically planned to announce just before midnight, some people still managed to get rid off black money by acquiring some wealth. Banning notes resulted in common people standing in front of banks in queues for hours while corrupt people had already new cash. Some amount of success could be found due to this drastic decision but it was a disaster to many middle-class men and women. It should have been planned properly. Truth to be told it is a mix of changing clothes as well as uprooting corruption.