Demonetisation has reduced the Corruption, Black Money and Terrorism?

On 8 nov 2016 the central government announced that the 500 and 1000 RS note was ban. But the question arises that the who will be benefited from it. Great news anchors, expert etc say that there must be corruption, black money and terrorism activity reduce? But as per my views, corruption is going on with new notes of 2000 RS. And if corruption is going on the black money is also depend on it and also terrorism. All of these activities are going on as usual government Officers taking bribery and the terrorist killing our soldiers in J&K and Rajasthan. But after demonization, it will be reduced by 25 to 30%. So, as per my views demonetization has reduced the corruption, black money and terrorism.

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.

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.

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.

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.

Demonetization was one of the foolish steps taken by the government in the complete history of India.

Speaking realistically from reports released by RBI and other economic experts demonetization only had a negative impact on the economy of India where RBI invested nearly 7000 Cr extra in the printing of new currency notes and without retrieving a single penny of black money.

It was the common people who suffered the rude behaviour of bank staffs, standing in lines for hours and some of them even losing money as they were unable to deposit money in banks.

Time and effort consumed in demonetization yielded not zero but negative results. This is the truth.

On my point of view, demonisation was the great action ever because due to demonisation there several change having in our country major case is.

Corrupt people suffering and many cash has been wastage in drain rever and terror-free now.

Terrorist went cashless due to this decision.

Like a great country interest, the common man has to suffer. It was our duty. Time will never stop its gone. Which done its done. Some people told here nothing happens due to demonisation I think its totally wrong. Pakistan inflation now the best example for demonisation. I will salute and admit that decision by govt was totally best for common people.

A healthy good morning to all of you, a small change can provide a big influence in any field, like that demontisation create a big differnce, specially in corruption and blackmoney in our country. It creates a scenario where it restrict corruption at some point like saved black money in different account and so on. But it doesn't create a big difference on some flammable topic like terrorism. Politics of our country is mainly providing platform to internal terrorism. And for this youth have to come forward. So we can conclude that demonetisation helped us in a treamendous way but it is not suucesfull on some big issuses of India.

Hello everyone!

Today our topic is Demonetisation has reduced Corruption, Black Money, and Terrorism.

Yes, I totally agree with this. Because there is a good initiative taken by our government for reducing the corruption and black money and Terrorism. This step is taken by our government in 2016. And the whole country are suddenly running to banks to change their old notes, by which so much black money comes out and RBI helps to track the black money all our country and it also reduces terrorism in our country. Finally, I want to say that it is a good initiative taken by our prime minister Narendra Modi that's all.

Thank you.

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.