Demonetisation has reduced the Corruption, Black Money and Terrorism?

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Chinni said: (Dec 10, 2018)  
Hi friends.

Today our topic is about demonetisation. It was announced in 2016 by our prime minister narendra modi. It is mainly introduced to reduce the black money. Many politicians have a lot of black money. By this scheme lot of amount of black money has recovered. But middle class and poor families have suffered to exchange their notes. In banks there was a big que moreover they had to stay a lot of time in que. By this scheme corruption has reduced to some extent. Because politicians are scared to keep money with them. But it did not reduce the terrorism.

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Ashoke Maheswari said: (Dec 8, 2018)  
PM Narendra modi led government made the whole India to dream of many enormous transformation starting from end of black money to stop of terrorism but not a single claim could be turned into reality.

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Akash Thapa said: (Dec 4, 2018)  
Demonetisation was a good initiative by the Modi government.

But the advantage of that initiative taken by the rich people. The ordinary people just get long standing in a queue. Among all of them old people also had been suffering demonetisation and get nothing. PM Narendra modi have said that he could change corruption by this move but I don't see any single change. Terrorism still like before and corruption also like before.

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Rony said: (Dec 1, 2018)  
On my point of view, demonisation was the great action ever because due to demonisation there several change having in our country major case is.

Corrupt people suffering and many cash has been wastage in drain rever and terror-free now.

Terrorist went cashless due to this decision.

Like a great country interest, the common man has to suffer. It was our duty. Time will never stop its gone. Which done its done. Some people told here nothing happens due to demonisation I think its totally wrong. Pakistan inflation now the best example for demonisation. I will salute and admit that decision by govt was totally best for common people.

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Rohit said: (Nov 5, 2018)  
Demonetization was one of the foolish steps taken by the government in the complete history of India.

Speaking realistically from reports released by RBI and other economic experts demonetization only had a negative impact on the economy of India where RBI invested nearly 7000 Cr extra in the printing of new currency notes and without retrieving a single penny of black money.

It was the common people who suffered the rude behaviour of bank staffs, standing in lines for hours and some of them even losing money as they were unable to deposit money in banks.

Time and effort consumed in demonetization yielded not zero but negative results. This is the truth.

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Divya said: (Oct 25, 2018)  
Demonetisation means replacing the current currency notes with the new notes. It reduces black money fake currency and all other terroristic activities of malpractice. Actually, it is a good step towards the nation, it is the third time of demonetisation in India but in my view the implementation of this is a big failure. Many common people suffered a lot than the corrupted persons.

In this process, I never saw a person who is rich standing in a line outside ATM's or banks but a common person did.

Many people with the help of bank officers convert their black money into white legally without any difficulty.

So, please before implementing anything design some effective steps to avoid difficulties.

Thank you.

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Gopi Nath said: (Oct 22, 2018)  
Good morning friends, this is Gopinath.

Actually, the idea of demonetisation was a good step taken by the NDA govt towards the eradication of black money as well as terrorist activities of Malpractice. But according to me instead of rooting out the black money it gave an opportunity to many bureaucrats to transform their black money into white legally. Common man couldn't get any benefit from the plan but suffered a lot in getting money from ATMs all around the country. In addition to this the RBI didn't get any excess amount as black money.

Many politicians coupled with bankers perverted the system and misused it for their own objectives.

But at some places, it's worked out and recovered some black money and put a hold to the producing of fake notes but eventually, the project demonetisation couldn't meet its objective.

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Manish Kushwah said: (Oct 21, 2018)  
Demonetisation is a good step which was taken by our prime minister Narendra Modi.

It decreases corruption. It decreases black money. It decreases terrorism. We should support them. We will get benefit after a long time. We learn about digitalization?

How to use atm card, we can buy anything by Paytm?

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Swaminirmalk said: (Oct 15, 2018)  
I do not agree with this point that demonetisation decreases corruption, black money, terrorist activity. Because politics is responsible for that. Many politician support black money and terrorism. This is the main problem. Demonetisation decreases corruption but sum people think for their own. And many middle class people have faced many problem.

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Nirmal Swami said: (Oct 15, 2018)  
I think, demonetisation has reduced the corruption, black money and terrorism also. And it increase digitalization in the country. But the main motive of government behind demonetisation was to stop the circulating of fake currency which was used by terrorists.

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Aryan said: (Oct 15, 2018)  
Good Evening everyone.

Demonetisation was started with good visions but I think it didn't go in that way. If we look at the procedure and the results, both were the failure. People had to suffer a lot for the demonetization. People had to wait in long queues for money.

Digitalization was not yet that active, so people need cash money to buy something and just 2 or 4 thousand of cash was not sufficient. I think digitalization should have been done before with a good margin of time so that people had started accepting digital money and have good knowledge about that, how to use it.

Coming to the result, demonetization has promised to take back black money but if we see the data it can be concluded that the loss due to demonetization is more than the positive results that were to come.

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Pavan said: (Oct 7, 2018)  
Hello friends.

I would like to add point that the demonization of money is not reduced the corruption and black money because RBI calculation states that thay not got extra amount on the domonitisaton so it is not mean that no black money is there and also if corruption depends on the black money then it is also not affected by the demonetization but I can say that by donatisation it is indirectly effective to the terrorism because the fake money from the terrorism is avoided.

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Priyabrat said: (Oct 3, 2018)  
Since the NDA government has come into power, one of the unprecedent & abrupt decision was taken by our PM Narendra Modi to nullify all the old 500 & 1000 denomination notes overnight. It's been two years that the demonitisation took place. Although it's primary objective are mainly to flush out all the black money from the economy which is circulating in the form of these notes. The second objective is to stop the terrorist financing in our country. The situation arises due to this overnight withdrawal of the notes are patheti. People had to stand in the queue for a long time and theb situation prevailed even after 8 or 9 months. Due to shortage of liquidity people had to postpone many important events and they faced a lot of problems. Not only commoners but also bank employee had also executed overtime for 2 or 3 months.

All that sufferings sounds nice and would become fruitful if the black money which are circulation can be retrieved. But, the recent data revealed by RBI shows that about all the notes which had been cancelled have returned to RBI. So where all black money go?In this context, the step seemed to be extremely futile and meaningless. Moreover extra money has been spent to circulate new notes. So. This only increases monetary burden on government which in turn actually be passed over public. Does it worth it?

So, I don't think that demonetisation will bring any fruitful result through its agenda.

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Ravi said: (Sep 25, 2018)  
Demonetisation was a good step taken by our honourable prime minister Shri Narendra Modi on 8 Nov 2016 to reduce the corruption and black money and terrorism, under that Rs 500 and Rs 1000 was no longer legal tender.

And I think the demonetisation has achieved its objective so far, the first objective was the elimination of black currency and no doubt black money has been eliminated from the market because according to data only 86% of total notes were collected by RBI. And the notes which were used to supply to terrorist has become reduced for their purchasing of guns, bombs etc. Now government are more focused on the cashless economy, digital India etc. So now the government can keep the record of any people which are purchasing anything, so there is no scope of fraud and corruption. There is a huge increase in the number of the taxpayer after demonetisation.

So, overall we can say it's has achieved its objective.

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Nana said: (Sep 15, 2018)  
Demonetisation has reduced the corruption, black money & terrorism to some extent. But it is not possible to remove it all. Even for a simple government job they ask for money to employee people. The mindset of the people should change to remove it all. If all citizens work together then I think it is possible to make demonetization work to remove it all.

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Tanmay Bhadauria said: (Sep 10, 2018)  
On 8 nov 2016 the central government announced that the 500 and 1000 RS note was ban. But the question arises that the who will be benefited from it. Great news anchors, expert etc say that there must be corruption, black money and terrorism activity reduce? But as per my views, corruption is going on with new notes of 2000 RS. And if corruption is going on the black money is also depend on it and also terrorism. All of these activities are going on as usual government Officers taking bribery and the terrorist killing our soldiers in J&K and Rajasthan. But after demonization, it will be reduced by 25 to 30%. So, as per my views demonetization has reduced the corruption, black money and terrorism.

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Lakshmi said: (Aug 30, 2018)  
Demonetisation was indeed a big step to achieve a society free of black money, terrorism and corruption but the scheme was introduced without proper preparation that it didn't produce the desired result.

Even though it aimed at reducing the black money the new RBI statistics stating that 99. 3% of the 500 and 1000 rupee notes have been collected back clearly shows that the intended result has not been achieved by the government.

The major problems due to demonetisation were faced by the middle-class people because of the lack of new currencies in banks and ATM's.

But still this scheme has indeed had some positive effects too. Most people are now aware of digital transactions and people are aware of the banking services. And hence supports the digital India campaign.

So, even though demonetisation didn't have the desired effect on the economy but still it has had some positive impacts too.

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Khushboo Singh said: (Aug 29, 2018)  
According to me, this step could be a good plan but it just happened without proper preparation. As a result of it middle and lower class people suffered a lot. And the main reasons are-.

1) demonetization took place in November, in which most of the Indian marriages are organised. So people could not understand what to do now because of long lines in banks they suffered a lot.

2) no sufficient printing of new currency at that time.

3) ATMs were empty mostly at that time and long lines in banks. It wasted time a lot. People had to suffer a lot for their money. So acc to me, firstly there should be proper new currency providing facility first then demonetization should take place.

The main reason for this big step was curbing black money, abolishing corruption but it failed in it to some extent. Like corrupt people converted their black money into white by putting it in other middle-class people account by just giving them a small amount of money.

Demonetization has some positive points also.

1) it increases digitalization in the country. Now we are about 5 years ahead in terms of technology.

2) people get to know the basics of online payment before it they afraid of doing it.

3) due to increase in online transactions the government will be benefitted too because it can keep eye on corrupt people.

Thank you very much.

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Payal said: (Aug 29, 2018)  
Demonetization has reduced corruption, black money and terrorism to a certain extent. The main motive of Indian government behind demonetization was to stop the circulation of fake currency which was used by terrorists, to track the amount of black money in the country and the people who own it. A huge amount of money has come back to the government in the form of 1000 and 500 rupee notes. Also, in a number of bank accounts there was a sudden increase in balance which indicated black money. The entire fake currency which was in circulation in the form of 500 and 1000 rupee notes came back to government thus reducing terrorism. Also, since money was gone into banks and people were cashless so all the transactions went online thus bringing transparency and reducing corruption and black money. But people are always able to find loopholes and same happened in the case of demonetisation. Wealthy persons used accounts of other persons like their drivers, accountants, etc. Corruption is still there in the form of frauds, black marketing, etc. Black money can still be found and terrorists can still find ways to attack.

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Arpita said: (Aug 21, 2018)  
Demonetisation, One of the biggest step that had ever been taken in the Country like India, where it is required mostly. First we should appreciatye our Prime Minister for taking such a big step at the bigger level. Did corruption highlighted the most in Modiji era only?Did it was not there in India before?

But only coureagous people have a great things to do.

Coming to success of Demonetisation, I think it lead to some changes definitely. People are little bit aware about banking services now. Linking every individual with a bank account that was the basic intention behind the scheme.

Helping in reducing corruption, terrorism, black money, etc. Roots of these evil are deeply spreaded in our country. Single scheme cannot be expected to take out such roots away from ground.

Instead of criticizing, we should appreciate and expect for another step in this direction.

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Ayushi Shrivastava said: (Aug 20, 2018)  
Hello friends!

Demonetisation is a very noble step taken by our Prime Minister Modi to mitigate corruption, black money and Terrorism. But the predicted consequences of the demonetisation scheme have been reversed. Let's first look at how demonetisation intended to curb these evil things and then how all these visions failed. First, Corruption: The scheme visioned that corrupt people will fall into an impasse, they'll have no way out than to lose the black wealth that they have. But on the contrary, within a day or two, brokers came up from all over the nations, perplexed blacl money holders negotiated with them and thus got their black money settled somehow without completely losing it. That's how we can see that demonetisation has just led to redistribution of black wealth! Corrupt are still corrupt and black money has converted to different superficallly noble-looking forms. If I talk about the terrorism, our PM thought that gangster association will die out of money after demonetisation. Areas of pakistan under gangsters have fake currency had their major source of income. Abolishing 500 and 1000 notes would surely get them short of money. But introducing 2000 Rs new notes, is that an intellectual decision? Not at all. It didn't take gangsters to start printing fake 2000 notes. This is even more dangerous because a room full of fake currency notes now costs double of that filled with 1000 rs notes!. So friends, demonetisation was visioned to be a very profitable scheme for curbing mentioned evils in society, but its effects have been nullified by the supposed victims!

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Kamlesh Katre said: (Aug 20, 2018)  
Hello everyone.

I read many of the discussion, people put over and I agreed with most of them that our honourable prime minister took a Major step for solving the problem of corruption, black money, terrorism but ultimately we can see it is failed to do so but yes we suffer, mostly middle-class people, but if we see this thing from another aspect, then it force's cashless economy, technical advancement (electronic level). People suffer but they learn how to transfer money electronically, how to use ATM. Thereby it also supports the digital Indian campaign, ultimately when all the money is in the form of electronic currency then there would also transparency and the government can easily put an eye on black and white money, we can't say demonetization removes the corruption but it gives several good sides too and can be seen as the first step for the reducing corruption.

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Ankush said: (Aug 19, 2018)  
I think demonetization was a good initiative by prime minister to reduce black money and corruption in India. But it was not get succed, not too much corruption in India stop but it also gave problem to middle class family.

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Shri said: (Aug 18, 2018)  
Hi all,

Yes, Demonetisation is very good decision but still face a problem only poor people so look at that whenever they people go market and purchase any think but currencies is problem also main important is political are no pain to ensure that everyone look and same think to all.

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Payal Agarwal said: (Aug 18, 2018)  
Good morning to everyone!

According to me, a demonetisation step which is taken by our Prime Minister Shree Narendra Modi is a huge step towards the development of India. As it has not only brought out black money to some level but also reduced corruption as people after demonetisation has moved to digital method for dealing in money to a very big extend. It also lead to bring more money in hands of banks. Although it has some disadvantages too as people have to stand in long queus for change of old currency with new from banks. And alsi banks also had to suffer a lot. But before any big result some difficulties have to handled or suffer from to have better and good results. In turn, to achieve goal (developed India) something have to be sacrificed.

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Himanshu said: (Aug 17, 2018)  
Hii friends.

Demonetisation is a very good initiative taken by prime minister of India. It has reduced the fake currencies in market and some black money holders were also exposed during the period. But the common man has to suffer a lot many old aged people died standing for long in queues. There was also a news that a politician distribute 2 2 lakhs ruppes to public in a vllage of mp and asked them to return in new notes after 5 years. But it was not implemented perfectly. It reduces the cash flow largely in market. "whenever a river is emptied from water the crocodiles doesn't get harmed rather the small fishes have to suffer. " this was the same result of demonetisation. But I want to say in the end that whenever a surgery is done the pain is there.

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Shreya said: (Aug 17, 2018)  
What I think is, demonetisation has reduced the black money only. Because people who are involved in corruption are still there. They will do it with the new currency. What we can say is demonetisation has made a temporary change. For some time terrorism would be on halt due to lack of money. Corrupted people will now invest their black money in a better way than saving after this. So, this kind of step only helps temporarily. This is not the permanent solution.

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Piyush Lohani said: (Aug 16, 2018)  
Demonetisation reduced the corruption but to the litte extent because many politicians can easily change their black money to white and middle class person are affected a lot for changing their currency.

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Kanika Munjal said: (Aug 14, 2018)  
Hello everyone,

Demonetisation, one of the biggest decision taken by our prime minister on 8th nov, 2016. Definitely it was taken for development of India, to reduce corruption, black money and terrorism, etc. But till now not much changes have occurred. Because the biggest problem is that our politicians are induldged in corruption and some of them go hand in hand with terrorists. The change will not come by struggle of an individual, all the citizens should be required to have that great change in our society. Changes have occurred but not on that great scale, this could be achieved only when each citizen will admit its responsibility towards the country. But yes I would like to salute our prime minister for taking such decision and hoping that this ill work in the long run.

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Srikanth said: (Aug 14, 2018)  
Happy morning to one and all and thank you all for giving my words towards this topic.

One of the major reforms took by our government is demonitisation. It was announced by our Honourable prime minister of India Shri Narendra Modi on 8th November 2016. Due to this reform a small amount of money brought to our Banks. Many politicians and businessmen are identified as sources for blankmoney. After introducing this reform simultaneous amendments are also made in Income tax act. Common people faced many problems during demonetisation period and even for common needs also that revovle around the banks. Even bank staff also helped to success this reform but many bank managers acts as middleman for exchanging black money to white.

After introducing this reform the gdp rate falls and due to this FDIs are also decreased. So in my opinion due to demonetization the economy affected negatively than positively.

So that's it.

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Nadeem Pasha said: (Aug 11, 2018)  
I disagree with these states as we all know that it affects our economy a lot and GDP rate of our country reduced so much.

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Muskan said: (Aug 9, 2018)  
I think it was a huge step of demonetisation taken by our prime Minister. It was all done to reduce the black money, corruption and at some point it worked also. It also reduces the amount of fake currency in society. But we can ignore ignore the fact that how worse the banks situation at that time middle class people has to suffer in long queues. And also the amount of cash has decreased in the market but thinking of bigger picture it has improved our country at some point.

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Ashika Jain said: (Aug 7, 2018)  
Good morning everyone.

Demonetisation is a vital role plays in the National building. The demonetisation decision held on 08Nov 2016. The purpose is that reduced the corruption, Blackmoney and reduced the terrorist attack in the nation. This decision was taken because in the market lots of false currency available in the market so this currency helps to a terrorist for making fear in the people of the nation. We know Every decision start our journey and journey have so many good and bad experience.

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Rohit said: (Aug 3, 2018)  
A healthy good morning to all of you, a small change can provide a big influence in any field, like that demontisation create a big differnce, specially in corruption and blackmoney in our country. It creates a scenario where it restrict corruption at some point like saved black money in different account and so on. But it doesn't create a big difference on some flammable topic like terrorism. Politics of our country is mainly providing platform to internal terrorism. And for this youth have to come forward. So we can conclude that demonetisation helped us in a treamendous way but it is not suucesfull on some big issuses of India.

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Abhijit Bhaskar said: (Aug 2, 2018)  
I do not agree with this point that demonetisation decreases corruption, black money, terrorist activity. Because politics is responsible for that. Many politician support black money and terrorism. This is the main problem. Demonetisation decreases corruption but sum people think for their own. And many middle class people have faced many problem.

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Mahesh Ramchandra Chandaandavale said: (Aug 2, 2018)  
Good morning sir/mam, Thnaks for providing me this opportunity to talk on this topic.

Definitely Demonetisation has reduced that trio. But we don't say that the chnage happens 100% in our country. Currency is not only reason for the Corruption, Black Money and Terrorism. Polytics is also matters in these big situation. How the polytical leaders are represents your country also matters in corruption. Demonetisation is step towards the reducing corruption. And because of that change happens but that results will be given after some time. It can't give you instant results.

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Demonetisation has reduced the Corruption, Black Money and Terrorism?

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