Demonetisation has reduced the Corruption, Black Money and Terrorism?

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.

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 all good evening to all of You,

Whatever my idea says, that demonetisation has not the great impact over the cruption, money laundring, and black money. Not a single rich man was in que. Only we the medium class and poor people were in que.

All the currencies what ever in ligitimate were return back to the RBI. Data says verry few nos of notes were left to recover. So, how can we say its played a pevotal roll. It was only the cost of the life of poor and sick people who lost his life in hospital, and que. Small bussiness man verry badly impected by this step. Lastly I would like to say in mypoint of vew it was the regrous effort has shown by Indian government bank otherwise it would have failled to comeback and survivel of poor people.

Thanks all.

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.

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.

Now that demonetization has been done, remove all currencies including the lowest denomination notes from the system and go for complete online transactions.

Lack of internet connectivity, poor technical literacy and what have you in my opinion are just lame excuses. If the government's intention is clear with the initial hiccup gradually people will get habituated to online transactions, UPI payments, and Google Pay systems.

If 100% digital transactions can be achieved across India, then corruption from the top to the grass-root level will disappear and even the government's tax collection will further increase.

Indian economy will be able to make a quantum jump from the 5th to the 3rd largest economy in the world in a very short span of time.

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.

Good morning everyone. My name is Rohit Lohar. Today Our discussion topic is, whether demonetisation has reduced the corruption, black money and terrorism or not.

So if we talk about demonetisation, it is only the way to reduce corruption, black money and terrorism but not completely. It has great effect on them but has not completely eradicated them from our country because people are also responsible for them. After demonetisation our country got some relief from them but they are still remains in our country. As we see demonetisation affected rural areas badly. In demonetisation only rustic people struggle. In my point of view, demonetisation has reduced little bit corruption, has recovered black money, and terrorism.

Thank you.

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 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.