Demonetisation has reduced the Corruption, Black Money and Terrorism?

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.

Hello, friends, I am Siddharth Bhardwaj and today I am going to discuss the demonetisation. The decision of demonetising 500 and 1000 rupees notes was taken by our honourable prime minister Shri Narendra Modi on 8th November 2016. Demonetising is a very bold step to control black money, forge money and terrorism.

Advantages
1. control on black money
2. control on forge notes of 500-1000
3. control on terrorism and Naxalites
4. Increase in taxes in our country
5. increase of digital payment in India.

Disadvantages
1. shortage of money in people to fulfil their basic needs.

Demonetization has reduced corruption, black money and terrorism to a certain extent. The main motive of Indian government behind demonetization was to stop the circulation of fake currency which was used by terrorists, to track the amount of black money in the country and the people who own it. A huge amount of money has come back to the government in the form of 1000 and 500 rupee notes. Also, in a number of bank accounts there was a sudden increase in balance which indicated black money. The entire fake currency which was in circulation in the form of 500 and 1000 rupee notes came back to government thus reducing terrorism. Also, since money was gone into banks and people were cashless so all the transactions went online thus bringing transparency and reducing corruption and black money. But people are always able to find loopholes and same happened in the case of demonetisation. Wealthy persons used accounts of other persons like their drivers, accountants, etc. Corruption is still there in the form of frauds, black marketing, etc. Black money can still be found and terrorists can still find ways to attack.

I think, demonetisation has reduced the corruption, black money and terrorism also. And it increase digitalization in the country. But the main motive of government behind demonetisation was to stop the circulating of fake currency which was used by terrorists.

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.

Hello everyone.

In my point of view, demonization was a good step of our government. Because this was the need of time. Many fraud people were cheating in income tax they were escaping their money from taxes. And by the demonetization, all their black money is found. And many terrorism activities are stopped by this step.

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.

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.

I think it was a huge step of demonetisation taken by our prime Minister. It was all done to reduce the black money, corruption and at some point it worked also. It also reduces the amount of fake currency in society. But we can ignore ignore the fact that how worse the banks situation at that time middle class people has to suffer in long queues. And also the amount of cash has decreased in the market but thinking of bigger picture it has improved our country at some point.

Demonetisation is a good step which was taken by our prime minister Narendra Modi.

It decreases corruption. It decreases black money. It decreases terrorism. We should support them. We will get benefit after a long time. We learn about digitalization?

How to use atm card, we can buy anything by Paytm?