Demonetisation 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.

Hello everyone !

I m glad to take an opportunity to initiate the group discussion.

Today our discussion topic is "demonetisation has reduced the corruption, black money and terrorism".

It is a current relevant topic.

As per my opinion, the concept of demonetisation is very good for reducing corruption, black money and terrorism because whole money which is in form of old notes is present with each terrorist but as demonetisation occur he/her failure to do any activity.

But if we discuss in respect of Indian demonetisation it is failed because of.

1. Improper planning - there is no planning for travellers, weddings and small-scale industries perspective.
2. RBI does not include in the planning stage.
3. Improper implementation.
4. Lack of infrastructure of updated atm in the whole country.
5. Due to done currency exchange by many bank officers.

But there are some advantages also seen by demonetisation.

1. Digitisation capture high-speed growth.
2. India is being ready for the cashless economy.

Demonetisation was the good step taken by the honourable prime minister Narendra Modi in order to reduce the black money. This is the third time demonetisation happened in India. But the implementation was not good, as a lot of common peoples faced problems instead of corrupted peoples. This was a very tough period through which many common peoples had gone through. No doubt it reduces the corruption and black money which was very necessary for our nation to make it developed.

So according to me, every decision should be taken with proper arrangement and implementation.

Thank you.

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.

PM Narendra modi led government made the whole India to dream of many enormous transformation starting from end of black money to stop of terrorism but not a single claim could be turned into reality.

Demonetisation was a good initiative by the Modi government.

But the advantage of that initiative taken by the rich people. The ordinary people just get long standing in a queue. Among all of them old people also had been suffering demonetisation and get nothing. PM Narendra modi have said that he could change corruption by this move but I don't see any single change. Terrorism still like before and corruption also like before.

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.

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.

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.

Good morning friends, this is Gopinath.

Actually, the idea of demonetisation was a good step taken by the NDA govt towards the eradication of black money as well as terrorist activities of Malpractice. But according to me instead of rooting out the black money it gave an opportunity to many bureaucrats to transform their black money into white legally. Common man couldn't get any benefit from the plan but suffered a lot in getting money from ATMs all around the country. In addition to this the RBI didn't get any excess amount as black money.

Many politicians coupled with bankers perverted the system and misused it for their own objectives.

But at some places, it's worked out and recovered some black money and put a hold to the producing of fake notes but eventually, the project demonetisation couldn't meet its objective.