Demonetisation has reduced the Corruption, Black Money and Terrorism?

In my point of view Demonetization was a good process but didn't implement in a proper way.

PM tried to eradicate the corruption and terrorism but it wasn't successful.

Because rich peoples always find to save their black money.

But it's not totally unworthy after implementation of Demonetization most of them are started using online transactions that was totally under government sight.

We can't blame for Modi that Demonetization failed to Eradicate the corruption and terrorism. At-least we have to Appreciate his effort for taking this Big step for the sake of our country.

If it was implemented in a proper way means it should be the best thing that Modi have done.

I'm Raj, this topic is a sensitive topic in current days we need to discuss about these kind of topics.

As a coin has 2 faces, demonetization is also having it's own pros as well as conses,

Our Respected PM Modi sir, has taken a big step towards Indian corruption, and economic growth. Of course demonetization has reduced the corruption, black money, and terrorism.

A major advantage of demonetization is that it helped the government track black money. Large sums of black money was kept hidden by tax evaders. Demonetization helped government uncover huge amount of unaccounted cash. According to estimates made by RBI, people have deposited more than rupees 3 lakh crores worth of black money in the bank accounts. This has helped the government in slowing down the plague of parallel economy.

A major reason behind demonetization was that a big part of black money was being used for funding terrorism, gambling, in inflating the price of major assets classes like real estate, gold and other social evils. Demonetization is acting as an effective countermeasure against such activities. Now all such activities will get reduced for some time and also it will take years for people to generate that amount of black money again and hence in a way it helps in putting an end this circle of people doing illegal activities to earn black money and using that black money to do more illegal activities.

Another benefit is that due to people disclosing their income by depositing money in their bank accounts government gets a good amount of tax revenue which can be used by the government towards the betterment of society by providing good infrastructure, hospitals, educational institutions, roads and many facilities for poor and needy sections of society.

When someone doing something good for our nation that's our responsibility to support him! And we should be ready to face small problems to avoid big trouble in future.

Hi everyone.

The idea of the Demonetisation was good but it wasn't implemented properly. At that time, only common man faced the problem by standing in front of ATMs, Banks, and other economic organisations. I did't saw any of the politician, Businessman.

Demonetisation means to stop the corruption and black money that's why this step was taken but no any results have been got by this step because it's having more time in order to give good results definitely it will give benefit to people and we should support it and keep patience. And it has reduced terrorist attacks and also it was the greatest admirable step which was taken by PM Modi.

In my point of view, it reduced corruption due to online transaction, before demonetization no one knows paytm, phonepe, Gpay etc, after it increases digitalization. Not only digitalisation illiterate people knows the using of online transaction. So, many new bank accounts are opened to credit currencies. It is an easy way to track the corruption and tax in banks of-course they are slight drawbacks due to the increase of hacked account for these payments, failed transactions and as well as net should be available to make these transactions.

According to RBI, 99.99% currencies are returned, black money was not reduced it is still in the form of assets and liabilities.

Demonetization was a step taken by the Indian government in order to stop black money transaction. The intention was good but not implemented in the right way. We didn't discuss this idea with RBI about what can be its consequences. We were not so farsighted about its effect.

We have seen many corruption scandals after demonetization, Pulwama attack happened. So can we say that it was effective to reduce such types of evils?

Another thing is that after demonetization those who had black money, they bought other currency as other countries have more time to return old notes and after stability bought Indian notes.

Thanks.

Hi!

Demonetization is a bold step implemented by the NDA government to cover 5 major aspects of INDIA and its economy.

1. To control black money.
2. To control fake notes/currency.
3. To control corruption.
4. To control terrorism.
5. To increase tax collection.

As demonetization is failed to control black money according to the report of rbi 99% of black money remain uncovered as they are in the form of assets and liabilities.

It is very much successful in controlling and removing fake notes from the Indian economy.

This is also helpful in corruption control but not that much success because of less availability of printed notes people refused to take online transacted money because all the transaction is properly governed by the bank and so because of this reason terrorist also remain calm and avoid the online transaction.

As per the report of income tax department tax collection become double in this 2 year.

It also has some negative impact as people have some times suffer from the lack of money but we can't ignore its other side so it is well accepted by Indian citizens.

Hello everyone!!
The NDA government under Narendra body took A bold step of demonetisation mainly to cover 5 major aspects. They are;

1. Control over black money.
2. To control the fake notes/ currencies which was travelling all the way in the Indian economy.
3. To control corruption.
4. To control terrorism.
5. To increase the tax collection.

The concept of recovering black money was failed. According to the recent RBI data it was clear that 99% of the black money remained unrecovered. The failed in this section because they failed to recognise that that the most of the black money are not in the form of currency rather they are in the form of asset and liabilities.

After the demonetisation, the government was successful in controlling the fake currency travelling in the Indian economy.

The corruption has devastatingly reduced as due to the unavailability of the printed notes. the corrupted peoples refused to take the money in an online form as the whole data was governed by the government. Talking about the current scenario the corruption has just changed his clothes but it is still in the economy.

Due to unavailability of notes the terrorism terrorism has either stopped or had became calm for sometime. The online money transfer data is well governed by the banks so there is no terrorism issues on big scale as it was earlier. But it has not completely vanished.

The government was very much successful in increasing the tax collection like the recent reports that tax collection has been doubled.

Although there is a more negative impact of demonetisation as compared to positive impacts as people had suffered a lot and bank employees have to work a lot of hours late night in the and the bank. due to the unavailability of the notes the people were failed to purchase their daily regularities .but although there is a problem, the people of India supported demonatizatiob.at the same time it provides a new time new journey for the digital payment apps which supports the economy.

Finally, I want to say that the demonetisation was not a successful step but the Peoples of India saw a bold and powerful Prime Minister Who has the capability to take decisions in the favour of the citizen.

Thank you.

No, demonetization didn't reduce corruption.

Narendra Modi took a bold step to reduce the black money from India but it failed. Despite people faced many problems due to the lack of money being exchanged and withdrawn. It couldn't eradicate the black money because people took bribes and didn't let the government know about the black money. Due to demonetization, moblinching occured over the world and many innocent people died. Many weddings were postponed due to lack of money arrangement. There was a huge loss to the businessman for 2-3 days as 500 and 1000 rupees old notes weren't accepted.

At last, I would like to say don't see others if they are corrupted do your duty from your soul as a single person can change India if determined with his work.

Hi, Everyone, according to my view, I will say it was a very brave decision in the history made by PM Modi by going against many people just for the sake of our country, to demolish the corruption and terrorism.

Yes, there were problems faced by common people but it's our duty towards India. And yes there was another point that corrupted people found another way to keep their black money with them. So, therefore, the decision was not so successful, proper planning was needed for obtaining the best results.

After all, it is our duty also to be faithful towards our country so that, we can say India is a developed country instead of a developing one. Thank you.