Demonetisation has reduced the Corruption, Black Money and Terrorism?

The aim of demonetization was to reduce the corruption, black money and terrorism but this demonetization only cannot reduce corruption and black money. We have seen during demonetization 99.4% of the currency was deposited in the bank. Today also the corruption is there, black money is there and terrorism is also there. Every single politician is corrupt in this country. There are many cases charged on many political leaders but they are free.

So, this is the good step that was taken but not with the proper planning.

Hello everyone.

Greetings of the day!

First of all, we will see what is meant by demonetization, it is the step by which particular currency notes which are running in the markets are removed and replaced by other currency notes.

Demonetisation is the drastic step taken by Modiji in November 2016 by keeping in mind that it will reduce black money, corruption, and terrorism in the whole country.

Disadvantages of demonetization:

Demonetisation was not very easy for peoples because they were not ready for that. They faced harsh problems.

Small and medium-sized businesses shut down due to this so unemployment increased.

People faced a shortage of cash. There was a big queue for exchanging money.

The government thought that it will reduce black money but 90% of people exchanged their currency notes so there may be 2 causes for this either no black was in the market or somehow people managed to convert it in white money.

After demonetization also terror attacks happened hence there was no logic that by doing demonetization financial support would stop the terrorists.

Demonetisation also couldn't stop corruption as nowadays we are seeing it.

Some money spent on printing of new currency.

It announced in November so in India marriage season was there so most people faced a shortage of cash for that function.

Advantages of it-.

Due to demonetization, people used digital payments mode and still using it so it's good. Hence, due to digitalization in payment government can keep eye on it. It supported the Digital India initiative.

Thank you so much.

Have a great day.

Hello friends. In my opinion, The initiative taken by our respected PM Modi was good but it faced a lot of problems while it was launched. According to me, the demonetization helped RBI to track the black money, corruption also it changed the current notes so that no fake currency will be used in the market as because of that corrupted money the prices of gold, share market was above the average and it was difficult for common person to survive on day to day basis. The inflation was at the peak.

So according to me, the demonetization was a good initiative by the government but the proper arrangement should have been done to stop people from saying the inability of demonetization.

That is all from my side, THANK YOU!

Demonetisation was the good step taken by the honourable prime minister Narendra Modi in order to reduce the black money. This is the third time demonetisation happened in India. But the implementation was not good, as a lot of common peoples faced problems instead of corrupted peoples. This was a very tough period through which many common peoples had gone through. No doubt it reduces the corruption and black money which was very necessary for our nation to make it developed.

So according to me, every decision should be taken with proper arrangement and implementation.

Thank you.

Hello everyone good morning.

Today we're here to discuss about demonetisation.

Has it reduced the corruption of black money and terrorism?

Government has taken a big initiative to get back black money and stop corruption.

Demonetisation has given big trouble to the general people and affected them badly in order to get new currency notes. People have to stand in a long queue for hours to deposit and withdraw money. The most problem faced by those who don't have bank accounts it was very difficult for them to get new currency notes. The family which has a marriage ceremony were facing problems to buy the things.

And those who used have lots of money in the form of Black money they get their black money changed into white money by themself and by their own people.


Thanks.

Firstly, I would like to say regarding demonetisation is a good step to put forward by the Indian government to remove the big notes such as 500, 1000rs from circulation to the Indian citizens. As we know demonetization not only implemented in 8th November 2016 but also in 1946, 1978 years so in India economy in order to reduce the value of the money which is bulk under the storage without any circulation there is a shortage of paying the tax to government so the Indian economy sink badly due to this black money, corruption it mislead by this there is a chance of terrorist take advantage to down our GNP to next level so I prefer demonetisation is a better step to overcome all these factors.

Hi.

According to my point of view, demonetisation is not successful in reducing the corruption black money and terrorism because nowadays also corruptions in so many government offices and some peoples do not pay tax for all amounts they earned because of this demonetisation is not successful it is continuing according to the previous year.

Demonetisation changes the 500 and 1000 notes it does not stop storing black money and it helps to rich people because demonetisation introduce 2000 notes it helps to carry compare to 1000 notes.

Suggestions:

According to my point of view, the cashless transaction is the best way to reduce corruption and storing of black money in the country.

And definitely country achieves high GDP compare to other countries.

Thank you.

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!

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.

Hello everyone.

My name is jagbeer singh bisht.

Today, I am very glad to talk about demonetisation and basically its pros and cons.

According to me, demonetisation was a very great step taken by the honourable Modi government to reduce corruption. By taking this step government got a huge amount of black money and many corrupted people as well who are slowly - slowly eating India like a termite. Politicians who are providing fundings to terrorists support Pakistan also got busted and because of that terrorists couldn't able to get funds and in this way this campaign become successful.

But this campaign wasn't gone too easy as it sounds. It was a very unique and unpredictable step for the citizens of India. We Indians never thought that the Indian government could ever do demonetisation. Actually, we were not ready for it and also because of government's improper planning we Indians faced so many problems or difficulties in living our normal life and I don't think so that I have to talk about the problems we Indians faced in the demonetisation period here.

So, in the end, I want to say that demonetisation was a very big decision which gave us many problems but only at the initial period of demonetisation but after some time it's proven as a very good step and leads our nation a many steps ahead towards "An INDIA FREE FROM CORRUPTION AND TERRORISM".

Thank you.