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

Demonetization is a very brave step taken to eliminate corruption. The banning of Rs500 and Rs1000 came as a surprise and shocking news for the people. Definitely, due to this corruption has been reduced to some extent because it has become impossible to convert the black money available in the form of cash to 100rs notes and moreover new notes were not released immediately. This started to reduce corruption as we came across incidents like some big shots revealing their black money to the media, some leaving bags of money in dump yards, some giving donations in large amount etc. But yes there are certain disadvantages like the common suffered a lot due to lack of money and lack of awareness of digital payments. In order to achieve something great one should accept the sufferings. Thus, this step should be accepted by the people as it is a move in order to reduce corruption. But after this step also we can witness corruption i.e. some agents are exchanging the old notes illegally. Thus, the government should implement many bold strategies in order to the curb corruption and the people also should support.

Hello everyone good afternoon.

According to me, the ban of 500, 1000 notes step taken by our PM Narendra Modi Ji is very good step because its positive impact on our economy shows in future.

Demonisation has both its advantages as well as disadvantages. Starting with.

Advantages this will remove black money that was held by various businessperson/traders in bank accounts which consist of 86% of total black money which is of no use from 8 Nov 2016. Biggest advantage if diz is that black money ultimately come in our country banks accounts which will help our country to use that money in the growth of agriculture sector/rural areas development nd overall growth of our country. It also affects the various illegal activities on our country like terrorism.

About disadvantages, some people die because of this decision and mainly affected agriculture sector/transport/import-export/GDP growth because of the sudden ban of notes.

Working people have to wait for long hours in bank to get their old currency notes exchange but beside this.

One can conclude that this step is really a good step our country growth.

It was a nice step to uproot corruption. It marks it success to some extent and filled the government treasury with tax but it do not affect the many people who carry black money as they find many ways to exchange or run their money into circulation through other people bank accounts or by just passing the money to other involve in business of cheating the public and country. Common man was standing in queues for hours to get new currency notes but few people and businessmen were getting crore of rupees without any problem as they were in nice relation with bankers or they were good in dealing to turn their black into white with bankers. From common man point of view it was nice step to uproot corruption but game of turning the black into whites by many make them feel cheated by government when they come to know about the employee of are. B.I and other banks involved in using their designation to get over others. So its not the time to reach at a conclusion because it is not the end as inquiry is going into the doubtful accounts. It's half uprooted and putting a loose cap on corruption to prevent it.

Hello friends,

It's obvious that since government is doing something to get rid of black money will always have the main motive to do in favour of common people but doing things unstrategically doesn't makes sense, they thought that if they would successfully implement demonetization they can get rid of things like black money, corruption up to some extent, good economy etc etc but it didn't happen, applying such a large change in a country like India in one night and where peoples don't keep their money in banks would be possible.

The thing is there no fault of government neither the common people the fault is made by private firms like Axis bank who didn't follow the norms of demonetization and till end allowed the people's to exchange money, due to which the exact sinner didn't get caught and all gone wrong.

My opinion would be that government is doing things for the good of common people's but there are external entities too who don't want this to happen as they are the sinner, so government should do it with the right and the strict strategic planning so that it's aim should be fulfilled.

Hello, everyone.

According to me, demonetization is not complete solution of corruption in India. Because there are my types of problem in India. Since maximum black money of the country is in the pocket of leaders and they are not much affected by demonetization. They are able to convert their black money to white easily.

But this is a good decision of government because due to this most of the people who do not want to show their money to the government, they show. And now they continuously pay their tax.

Many leaders have also taught a lesson that it is bad to hide money to the government because during demonetization they waste their money also is useless work. So this is a lesson to them.

Demonetization is very necessary for each country due to this a more benefit is that fake currency is removed from the market for few years.

And there will a fear in every mind for the demonetization due to which they make their property transparent to the government.

So this is not a complete solution for demonetization but it is also very necessary to remove corruption from any country.

Thanks.

Before discussing or taking stand on this issue what we need to understand is that the issue is not with the policies or implementation of the policy, the issue is with our mentality. We always have the tendency to blame others for our grievances. We blame Britain for our economic instability, we blame our neighbours for our regional tensions, we blame politicians for corruption, but we never blame ourselves. Australia was also under British rule but it ranks second in HDI. South Korea has tension with neighbours but is one of the most developed countries. The corruption was deeply rooted in china, look at how they have uprooted it. So everything is achievable once we put our mind to it. Yes, I agree the demonetization policy has its flaws, and corruption is not gonna stop overnight. But at least we have now started talking about this serious issue. And from now on it's our duty as citizens of India to make sure that we do not indulge in any kind of corruption nor let anyone else. Change is not gonna come from a government policy, What we need to understand is that change comes from within.

This drive has definitely uprooted the mind game of many blackmoney holders.

More effective defaulters who think that nobody will take action against their black money. This intention has definitely reduced. People who were following their rools and becoming a defaulter at small stage they have been uprooted completely. In a single line. The upgoing business on black money has got a strock. Mostly in Pakistan and other nebouring contries who were easily printing our currency. They may have printed a lot. But by ths drive the huge corruption has been closed. They may print again our new currency but they have to keep in mind about this drive. Govt has taken a good decision and should continue it in future. If we consider a common people who had to faced dificulties in demonetisation. Actually keeping in view of the ongoing corruption he has supported the govt willingly and happily. Burning of old notes, filing huge taxes, provide donations, request poor people or own relatives to take loans without intterest these all show that the corruption has got a little bit attack by the drive.

Hello friends.

Here, I will say that demonization of 500, 1000 notes is not just changing clothes. Yes, I agree on both major points that the idea of demonization was good and the implementation was not proper. But after demonetization govt has done a good job.

Let us take one example that you have one bucket which has some holes and one cannot see it by naked eyes after filling the water you realize that the bucket has some holes and then you can fix that holes. But you have to find that holes fast otherwise the water will drain.

Here also same theory takes place that the govt has made the policy which they think that it will work but after implementation, they realize that it is not working as they needed, it has some loopholes so then the govt tried to fill that loopholes by introducing new schemes for marriages and student etc. But the govt has taken much time than needed in implementing the schemes and that goes against the government.

Yes, at some instinct the demonization has done good work in decreasing corruption but not in the way that govt needed too.

Thank you.

It is very easier to say that corruption is just changing clothes, but if you see the past data of fake currencies it has still improved a lot. Blaming a government is not a good idea. Think from govt point of view team of government is in hundreds and Indian population is $1. 3 billion.

Just imagine how to protect the economy.

All the thing are not in hands of govt, we also have to take initiatives to protect the economy.

And I think passing illegal tender against 500 and 1000 notes is a good initiative.

Eg. If a jug of water is filled up to the top then it must be empty again.

Then it will again be filled by someone, during this process, all those will be start caught who help to fill a jug.

Similarly, once all 500 and 1000 notes are demonetized during the process of printing more notes, many new faces will be caught to detect black money holders.

This pitcher was open but behind the curtains, good things are also happening which is not recognize by normal population such as: reduction in terror funding, Revenue of govt by more tax payers into the game.

Thank you.

Good day, According to me, Banning of 500 and 1000 is good move to avoid corruption. Everything cannot be controlled within a short period. Corruption needs to avoided, so we cannot able to destroy it completely. We have to process it and destroy it by step by step. This banning of 500 and 1000 notes is one of the step to avoid corruption. I Accept many people suffered a lot by this action. First of all, everyone understands this, No pain no gain. We have to suffer a little to avoid some portion of corruption. Rich people are not suffered by this, I accept. But everyone must know how many currency notes are thrown in the dustbin and in the street. This money belongs to rich people. This is a just a warning to them, to pay their taxes correctly. Switching over to new note is also needed. We have to keep using our old 500 and 1000 notes for past 10 years. So it is time to change it. Change must come from us. If we behave and act in a right way. Everything will be right. So, conclude by saying that no pain no gain. We sacrifice something to achieve something. Thank you.