Demonetisation has reduced the Corruption, Black Money and Terrorism?

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.

Greetings to all.

Firstly, demonetisation means changing the currency notes that have value till now to new ones. When Modi became prime Minister black money was a major problem and the government intimated us that measures will be taken on it initially. To demonetize every family should have a bank account so that they are included economically. For that govt initiated Jan Dan Yojna. This ensured most families had bank accounts before demonetization. After this demonetization was initialized. The main motive was to reduce black money, corruption, terrorism and fake notes.

So, coming to the advantages many have bank accounts now and almost all are depositing money in banks due to this banks don't face money issues as before and many can invest and take loans which will increase our economy and the amount of income tax also increases.

But it had more consequences. Many old people were unable to change their notes. Many rich people had given their money to poor people to change notes and some of them even bribed bank officers and changed their black money. Many poor people lost their livelihoods and many died as well. Terrorist attacks increased after this. Black money and corruption eradication has not been done by demonetisation rather it caused many issues to poor people.

Hi.

Demonetisation was an good and wise action taken by our P. M. It totally changed the way of Indian Economy.

JaI HIND.

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.

Hi friends.

Today our topic is about demonetisation. It was announced in 2016 by our prime minister narendra modi. It is mainly introduced to reduce the black money. Many politicians have a lot of black money. By this scheme lot of amount of black money has recovered. But middle class and poor families have suffered to exchange their notes. In banks there was a big que moreover they had to stay a lot of time in que. By this scheme corruption has reduced to some extent. Because politicians are scared to keep money with them. But it did not reduce the terrorism.

Hello, I think demonetisation has reduced the corruption, but those political and other rich peoples who have lots of money that people can safe their black money with the help of government, the main problem is poor people face this problem he can come at the bank and change the money, no any type of effect can see in the life of rich peoples, they enjoy their life and save the money.

Thank you,

My opinion:

From my point of view, the simple way to reduce corruption, black money, and terrorism is for every citizen of India to be honest in their profession and give their level best. Thank you.

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.

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.

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.