Demonetisation has reduced the Corruption, Black Money and Terrorism?

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.

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.

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.

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.

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.

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!

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.

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.

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.

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.