Demonetisation has reduced the Corruption, Black Money and Terrorism?

Demonetisation was one of the biggest step taken by NDA government on 8 Nov 2016 headed by PM Narender Modi. PM said it will help to reduce the corruption, black money, and terrorism. But did not follow the same way. The result was totally different from the expectation. People suffered huge crisis for long time. Small and medium class businessman were unstable and closed their business. Because there was no money in the market and it was impossible for common man and purchase some items from the market. Even some marriages were cancelled. It was the most disastrous time for those people who earn and spend on a daily basis. Our economy as facing high downfall at that time. So, I think it was a rediculous step taken by our PM Modi. So finally demonetisation is not suitable for the nation whose 60 % population is below the poverty line and it does not less the corruption, black money and terrorism as RBI and other organisations reports are concerned.

Thank you guys, I hope you like my opinion.

According to my view, demonetisation was started with good vision for curbing black money, reducing terrorism and increasing the digitalisation of the economy but it didn't go in that way.

If we look at the RBI annual report it was the failure people had to suffer a lot in long question for money.

Also, around 99% of Money was back to the banking system that would result in the failure of curbing black money.

Also, every day we saw that no drop in stone-pelting and Naxalism achieved.

No big black money holder arrested.

Good morning friends,

Today our group discussion topic is about "Did the Demonetisation has reduced the corruption, Black money and terrorism?". According to my view I don't know wheather the corruption is increased or decreased but presently it is there. Our prime minister Mr. Narendra modi has bought the concept of "Demonetisation" in 2017 december that he wanted to eradicate the corruption & black money, he implemented suddenly at overnight. After demonitisation up to now the government is still finding old 500/- &1000/- rupees notes in CBI ridings. But this concept has effected mostly on politicians and for the people who are preparing duplicate currency. At that time demonetisation it is very trending topic to all of us. So, many are caught with black money. It is very innovative idea which is implemented by modi.

In the politicians point of view they needed to have black money & terrorism that's it. They got ministry through people, they has elected by them but they won't think about the people & society. Hence, it is waste of effort to implement such factors. Again in those situations also the normal people will be punished & the people who are rich will have no pain they know how to convert their currency to black money in all the critical situations.

I agree that we faced issues when Demonetisation took place but it benefitted every single individual. We can wait in queue for movie tickets but we started complaining when it comes to Bank. It has reduced corruption and also scammed black money. If it was done with proper planning then it would have been failed because the rich individuals would have known how to get rid from the scammed amount and the jewelries. It was a great initiative and a great step towards success.

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.

Good morning one & all.

Now, I am going to talk about demonetisation reduces the corruption of black money in 2016 those who are having black money that can be detected from government and it plays an important role in the demonetisation currency is not only the reason of corruption black money and terrorism. Politics also matter in these big situations. I hope this corruption will not be improved in our country. Thank you.

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.

Demonetisation , a step taken by the NDA government on 6 nov 2016 and the main idea was to flush out all the black money from the country which were circulating in the form of 500/ 1000 notes . So the biggest question arises that does it commute the corruption ,black money and terrorism ? So, acc. To me in some perspective it helped a lot in improving the scenario of the country but on the other hand it not served as expected because people had suffered by standing in a queue for several hours specially the rural areas people . When people were suffering rich ones were not worried beacuse of there eminent position . Implementation of demonetisation also gave the chance to legally convert their black money into white. The main purpose of demonetisation was not in favour due to lack of support of RBI , improper planning ,poor infrastructure etc.
RBI clarify that the they haven't received a single penny of black money . Instead they have invested 7000 cr for the printing. Though one amazing thing happened after demonetisation is that concept of cashless economy and digital transaction .

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.

Thank you.

Hello, I am glad to attend the group discussion program about black money and terrorism prevented by the demonetisation of money.

Its a good initiative of government that was fastly circulated the money. Ant prevents the saving of taxable money. For this flow of money take place.

Many noble causes behind it but it was not fully successful. Behind the reason.

1. Not a proper plan of government.
2. Lack of support of RBI.
3. Less support of common people.
4. Delay of working steps.
5. The flow of atm money not prevented.

That why the plan to break the terrorism is not so successful.