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

You people's are asking the common man to support the government But before saying that keep in mind that every action has an equal and opposite reaction. Your govt. When fully fledged can't support the normal people then how can it expect the common people's to support him. ? It's a meaningless statement put forward by you. If you go through the news paper you will find a lot of suicide cases committed due to this demonstration, and also you say it has not been properly implemented and black money is yet present in form of assets gold and real estate. Does your govt. Wants to curb back money at the cost of lives of the people's, such a big sacrifice. Pathetic! I think it's just changing clothes. Think twice.

According to me, the demonetization is a good step to curb the black money. The revealed black money 17 lakh crores is the evidence of that.

Also, the black money holder has to devastate the black money.

The demonetization also helps in following.

1. It attacks the financial support of terrorism and hawala racket.

2. It helps in RBI to have an eye on the flow of money.

Also, the nation needs to support the demonetization so that nation moves toward development.

When 500 and 1000 notes were banned I thought it is very daring and great decision. But after few days when I saw many people struggling with getting the money then I realised that decision was correct but execution was not correct.

Main aim of this decision was to bring out the black money, even though we may have got some of the black money back but if we deduct the loose that the country has experience in terms of business of common people it will definitely give a negative figure.

I also want to say that Corruption may have abated but small scale business has experienced a greater loose.

It may be very early to judge this decision, but I think we need to wait for atleast 1 year to see positive point of this decision. Till now negative points are more than positive point.

Also, government needs to be ready for future outcomes of this decision to totally banish the corruption.

Thank you.

Without proper implementation, banning 500, 1000 notes did more harm than good as commoners suffered very badly. It is true that demonitization helps to check corruption but corruption can be checked by strict vigilance and other such measures too. Why should honest ones suffer just because our vigilance teams have failed to disperse their duties? Several people have lost their lives in due course. GDP growth has declined.

This demonetization did not give full stop of Corruption.

1) But the some of the Black-money goes into the trash.

2) Corrupt people somehow aware.

3) Make helps to the digital India by using e-wallet (Pay-tm, BHIM, etc).

4) End of the fake notes of (500) in market.

I think this is the first step against corruption.

India is one of the large country, all political leaders are fully corrupted except 1% are not corrupted.

But this situation Modi decision is good but not applied correct way, BJP is also one big national party and corrupted party no doubt about it.

According to me, our ruling government takes a daring decision to ban on high domination of our 500 and 1000. We should welcome it open hand and support it. Because it helps to curb the black money. One thing is also good for our country due to demonetization the accumulated black money come out from terrorist group. Due demonetization to terrorist group faced financial problem because they have fake currency of our country.

Banning 500 and 1000 notes was really important to get control of the corrupt India.

Hi friend
In my view, demonetisation of 500 & 1000 note are a good decision but as RBI says that 17 lac cr. Rs are circulated in the market but they don't show that how much money deposits in the bank.
And apart from this, bank manager and employed are failed this movement. As will as that our president also say that demonetisation is big issues for future economics. And many small bussiness and industry is affected by this act. And also unemployment are increase. Hence demonetisation is not a good movement.

I don't think it is a good idea of banning 500, 1000 notes. People (mainly handicapped people, old persons, job holders) suffered a lot. They use to sleep near the banks in line as we all saw this in news channels. They just ban 500, 1000 note only to catch the corrupted people, but they didn't think about the poor people and middle class people. They provided 2000 notes in banks, even after that also people suffered to get the change. Again they use to stand in the line for change of 2000.