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News Created on 8 years ago Latest discussion 3 years ago

Demonetisation of Rs.500 and Rs.1000. Is an effective steps to bring back black money ?

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T Santoshi suseela priya
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Piyushi
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Ashish Kumar Singh
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Kabiraa
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Bittu
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Like? Yes (134) | No (17) Read Discussion (144)

Harsha konduru 3 years ago

yeah I agree to it,but it's failef for some reason that all of us know.I think digitalization can bring back all black money into banks

Reply Like? Yes | No

Devendra Marghade 4 years ago

Who know? Math is suckk!!

Reply Like? Yes (1) | No

Ganesh Ramesh Gholap 4 years ago

according to me demonetisation is not an effective steps to bring back black money. Due to demonetisation peoples have faced many problems like standing in front bank etc.

Reply Like? Yes | No

Kaustav Paul 5 years ago

Yeah i agree

Reply Like? Yes | No

Aryan goswami 5 years ago

hello evrey one from my openion it is an effective steps to bring back black money

Reply Like? Yes (1) | No

Vineet singhlay 5 years ago

demonitisation was a great step towards the exposure of black money and the black money holders.
As the demonitisation was introduced in our country most of the black money holder found the way to convert his or her black money into the natural one so no one can put a finger on them. they started depositing the money into theirs and the relatives bank accounts so no one arrest them . they will be safe now and will take the money from them later on.

Reply Like? Yes (2) | No

Midhun Kumar Karri 5 years ago

Demonetisation of RS.500 and Rs.1000 is a good idea to bring back black money. At the same time government should have to think about poor people who struggled a lot for money. They stand at the ATM for long time and some who are living in hilly areas and small villages are also suffered a lot. so government should have to take precautions like make availability of ATMs in all villages. Due to this the employment will also increase and also brought awareness in villagers. see, demonetisation also helps in so many things. The main thing is due to demonetisation so many are habitated to use digital money. Due to this the robberies and small pick pocket things became less. And it helps in developing the India.

Reply Like? Yes (2) | No

kabiraa 5 years ago

i thought i would get some sensible things here for my improvement.
but as i can see,
all r chaman chutiyaa here
everybody is praising demonetisation.
All of u guys are mad or what?

Reply Like? Yes (6) | No

Jagadeesh 5 years ago

yes this is correct way but it is not done immediately because everyone suffer if the 500&1000 rupee notes are band so it is done by RRB by decreasing the utilising and printing 500&1000 rupee notes for avoid inconvenience for normal people...

Reply Like? Yes (1) | No

Anantika Jaiswal 5 years ago

Demonitisation of rs 500 and 1000 rupee note is an effective step bring black money. rich people created black money using rs 500 notes and rs 1000 notes because they are big notes of money and using these they can store more money as they are big notes of money.

Reply Like? Yes (1) | No

Ramya sadineni 5 years ago

Yes it is a effective step towards bringing black money but it has some effects on the innocent people also

Reply Like? Yes | No

Kunal Bangar 5 years ago

In what ratio should wheat at Rs. 4.5 per kg be mixed with another variety at Rs. 5.25 per kg so that the mixture is worth of Rs. 5 per kg

Reply Like? Yes (2) | No

Priyal jain 6 years ago

According to me ..as many of people in this discussion said was a Great initiative.It could have Proven a great change for India if it was done with better planning and management.
Moreover ,If this whole process have samething im result?According to me disappointment. Demonetization was Introduced purely to extract all the blackmoney from blackmoney holders at once,But instead this whole process ended up by having people standing in long queues for hours .On the other hand Blackmoney holders either had their money in the form of shares and gold or they had enough resources to have their money get easily exchanged.So according to me Whole process could have done with better planning.

Reply Like? Yes (5) | No

Teena 6 years ago

demonetisation was indeed proved as great initiative to curb corruption in India as many instances proved it. but the overall outcome turned as nothing but dissapointment.The step created a havoc in common mass specially the middle and lower classes of society were major suffereres.They had to stand in a long queue in banks, Atms, their common routine affected at large.While the rich people generally keep their money in share markets, gold and real Estate. For them, it was comparatively easier to exchange money. Also, they do have proper connection with banks.They do not had to stand like poor ones,needless to say, they arrived at alternate solution to save their money. So one can directly estimate that the people of lower class suffered the affect of demonetisation.Still RBI has not declared the amount of black money seized till date which clearly shows the improper management, lack of planning and failure of step which could have been turned to success if few things were kept in mind.It was like government didn't see the post affect of the step.Besides,our country's GDP has declined miserably which clearly shows the negative impact of this initiative as imbalance financial system of country.

Reply Like? Yes (4) | No

Vasavi 6 years ago

In my point of view,Demonization is a great start for developing Indian economy, our honorable pm modi taken sudden decision for exchanging money of 2000 500 notes for taking out the black money from employees.but its utterly failed due to lack new domonites not available to the ordinary people they suffered a lot and till date govt not announced how much black money they taken out

Reply Like? Yes (1) | No (1)

Shubham 6 years ago

as per my opinion demonization is waste of time due to this growth is stuck and lot's of problem faced by common people

Reply Like? Yes (2) | No

Dhanush 6 years ago

Yes, it's an effective way that government thought but, millionars due to some internal affairs with banks of high deposited money is easily exachanged so it became less worthy and it blowen hot and cold for the middle class and poor people's especially business and agriculture.

Reply Like? Yes (1) | No

harshit 6 years ago

yes demonetization is a good step towards the indian economy...it is a best way to bring the blavk money back .in this process indian government released the new notes of the 500 and 2000 and ...tells the people to exchange your old money into new currency .by giving the id proof ..due to this those person who collect much currency in his houSe ....means black money ...can note able to exchange all the money from the bank ..because they don't have any proof of having this money ....
this was a big step but the process was very defecult ...people faced many problem in this ....

Reply Like? Yes (2) | No

simranbabu89@gmail.com 6 years ago

in my point of view....it is a very good setp to avoid or bring back black money.but as India is a developing country ...53% of the total population are still below proverty line...it is a good step but the procedure is very lengthy...so should be done in a very smooth and calm way.

Reply Like? Yes (1) | No

yachana kesarwani 6 years ago

yes, it is good step to bring black money and it is very useful step for the country .This step is work to find that which has more I.e. black .

Reply Like? Yes (1) | No

bindhu 6 years ago

yes,but in society it is not working properly. Demonetisation not worked in india bcz there is so many illegal activities done my some people to change there money .

Reply Like? Yes (2) | No

Rohit 6 years ago

In my view, it wasn't good idea that time, and people had suffered much through this . No such black money has come to any sight. Mammohan Singh called it monumental mismanagement. And mind it, poor people has suffered it than any others.

Reply Like? Yes (2) | No

vibhor Mishra 6 years ago

It is very true that no black money was came but the peoples who had hide money are disturbed and their money are useless. Many of the political parties and leaders are in trouble that where and how they will arrange the fund for the election

Reply Like? Yes | No (1)

Divyansh Tiwari 6 years ago

As per my point of view..demonitization is the great step taken by the government because the millionaire use to hide their money which they have collected in the form of black money..so this was the basic concept to take out the black money from them and reduce the loan of petrol which was imposed on india under the congress ministery...now government have the record that how much money and in which form..they are earning the income..just because of demonitization.....!

Reply Like? Yes (1) | No (2)

Ankush Gaurav 6 years ago

It isn't an effective steps bcz black money has not come yet.

Reply Like? Yes | No

kowsalya 6 years ago

In my point of view it cannot be a effective step. More than others poor and needy people affected and suffered alot. This process met the people with more disappointment. This doesn't affect any of the millionaire. The main reason for this change is to abolish the black money in our country but still it is still as a part of our country.

Reply Like? Yes | No

Ayush johry 6 years ago

according to my point of view the government has passed this law due to some positive reasons.they thinked that by demonetisation the money which was hide by all the business man aur the rich people can take to home.the government had passed the rule that u can collect only 2000 rupees or 4000 rupees by this step the people who hide their income from the government can now give all the black money,but it doesn't work because banks helped the business man for hiding their income.
the government had taken good step but it doesn't work due to thinking of some people

Reply Like? Yes (5) | No

Akhila Rathod 6 years ago

yes demonetisation is very important to bring black money back

Reply Like? Yes (3) | No (1)

subhasini Sahu 6 years ago

the way is surprising but good for development of poor if utility is done in a way

Reply Like? Yes (2) | No (1)

rakesh koduri 6 years ago

gud evng to one&all

Reply Like? Yes (2) | No

Ashutosh Todmal 6 years ago

Yeah according to me yes. It hashad certain drawbacks but surely it has some vital successful advantages as well. Process has started and the effects will be seen. But with an outsider point of view it is an effective step.

Reply Like? Yes (2) | No

Susmitha 6 years ago

Though it an effective way to bring back black money ,but it leads to failure in performing and huge loss in economy of the country

Reply Like? Yes (1) | No

Sunny yadav 6 years ago

According to me 500 and 1000 rup note has to change in every 2 year

Reply Like? Yes (3) | No (2)

Deblina Roy 6 years ago

According to the recent survey,what we could see is the fake notes of 2000 has been printed and circulated. We thought certain stringent action will this be imposed by switching towards digitisation which is e-payment, still that too became threatening due to hacking. So none of the govt initiatives has been proved to be better than earlier.
If the instinct of people is there to make black money they will do it, no matter what the circumstances is.

Reply Like? Yes (2) | No

Akshaya sridhar 6 years ago

According to my opinion, demonetisation has brought about positive results. But, most of the black money lies in the share market which is not in the form of paper notes. So, I feel that better actions could have been taken to abolish black money. Nevertheless, this is a great start.

Reply Like? Yes (5) | No

saurabh sinha 6 years ago

yes it's a great step taken by the government to bring black money but right now we see that black money is not come to out country as the prime minister said that time.

Reply Like? Yes (3) | No

lakshmi priya 6 years ago

yea demonitisation was a useful methos to demolish poverty and once it came into force without any sudden notice it do demolished many blackmoney and we do know abt it the main fall happened few days after demonotization that people who had blackmoney started to find alternate source to change that money into current rupee and the people affected moste were the normal people who totally demand on that 100 and for their daily expense and the aftermath effect of demonitisation should have been guessed and steps should have been taken ealier

Reply Like? Yes (1) | No

Komal Sinha 6 years ago

i think yes its an effective step ..bcz many people are caught by this process who earned blackmoney .By this they must be learned to run from this.

Reply Like? Yes (2) | No

Anurag 7 years ago

In my opinion ,government has taken some initiative to eradicate black money but some people being greedy have helped the rich people in converting their unaccounted money to accounted by taking some commission,the government must have thought of having strict rules in exchanging , to new one ,until and unless everyone in the country had equal responsibility towards nation this bringing back black money can't be made !!

Reply Like? Yes (4) | No

Bittu 7 years ago

The most abrupt and experimental decision launched by the union govt,which had only increased the woes of the middle class ,the reasons cited by the pm were all nonsense,stone pelting and terror activities are still the same,and almost 97 percent of the demonetized notes have reached the chest of RBI..this is the most foolish decision made by the govt till date...populist propaganda by an extremely fame hungry pm..

Reply Like? Yes (7) | No (2)

dev 7 years ago

i thought it is only a faltu action

Reply Like? Yes (4) | No

MD ZUNAID EQUBAL 7 years ago

in my thought this was totally unplanned and unrealistic decisions taken by our pm. because they took the decision suddenly and peoples were not aware to any of this so that mainly poor and lower middle peoples had to faced a lot of problems like money withdrawal and ofcourse many of people has to lost their lives after these decisions. afterwards these decisions was in favour for our country economy's.

Reply Like? Yes (4) | No

Anjali 7 years ago

It could be effective step but the government failed to launch it with prepapration. There should be proper strategic plan to tackle the mass disturbance occured due to the demonetisation. At lower level people faced so many problems like they didnt able to continue their business specialy vendors. And some banks also get invovle with ministers and deafultors and helped them to make their money white hence it was not such a great move that it could be if it launched with proper plannjng and preparation and strict rules against bankers if they found invovle in any illigal activities.

Reply Like? Yes (5) | No

T Santoshi suseela priya 7 years ago

A car travels first 300 kms at an average rate of 80 kmph and further travels the same distance at an average rate of 60 kmph. determine the average speed of the care in the whole journey

Reply Like? Yes (9) | No (1)

jai prakash kumar 7 years ago

Indeed. As per the reports hundreds of thousands of rupees have been found laying around in the country in gunny bags. These were the unaccounted Money and the government has succeeded in fulfilling its motive

Reply Like? Yes (2) | No

KARTHIKRAJENDRAN 7 years ago

In the mean time negative sides of demonetisation most of the middle and peoples below poverty line were mostly suffered to change old currencies to new currencies , but not at all one rich people have suffered to change curriencies in bank

Reply Like? Yes | No (1)

KARTHIKRAJENDRAN 7 years ago

ya i think it would be a right move to control illegal money circulation

Reply Like? Yes (1) | No

Prashant 7 years ago

As i think demonization isnot more effect.As the media report 99% notes were back in to bank ..
middle class family was badly affected...They had left the job for exchanges the notes.....

Reply Like? Yes | No

MD ZUNAID EQUBAL 7 years ago

No, It wasn't right step to back black money from their lander. it was helpful only for business tycoon and for those rich people who was favor to government. but what about middle range peoples they haven't gain any benefit rather they have to face a lots of trouble. and due to this so many folks has lost their lives because of for taking money they had to stand in the row entire day and their was child's, old age, and others people whose had some kind of disease they used to stands in the line...

Reply Like? Yes | No (1)

ASHISH KUMAR JAISWAL 7 years ago

accoording to my opinion demonstiation of rs 500 and 1000 is effected on gdp rate

Reply Like? Yes (1) | No (1)

Meghana Shandilya 7 years ago

No, I presently do not support this step of government as it has badly affected small scale manufacturers.Also in the media it was reported that 99% of 500& 1000 notes have been recovered.So a lot of backpain faced by Indian economy is all in vain.

The only advantage we have gained is that the money people kept at their homes is now recovered and this resulted in lowering of intrest rate.

Reply Like? Yes (2) | No

ROHAN SRIVASTWA 7 years ago

The step taken by government to demonetise notes has been a good step to curse black money . Moreover,it will cease the circulation of black money and bring a lot of black money in the system.Money counterfeiting ,terror funding will be minimized. But at the same time ......it has drastically affected the life of daily wage earners like migrants labours,street vendors etc as they depend on cash for daily expenses.........
Further there has been a steep decline in GDP .....6 % from 8%

Reply Like? Yes (4) | No

Nikhil Singh 7 years ago

yes.it is great decision to bring back 500 and 1000 rs note.It affected those who have too much large amount of money in cash. like politician and some corrupt people.And government have to raised his hand to these peoples and take back black money to India.It affect middle class also but after some days they also feel happy.so it was a great decision by Indian government.

Reply Like? Yes (3) | No (1)

Anuj Kumar Singh 7 years ago

Yes I am in favor of government decision but it doesn't harm the rich person that much because they have money in 100 rupees note too and they have lineup with banks and can easily exchange there money and what about swizz bank the rich people are not fool they don't kept there money in Indian bank, so I think that government should make new policies regarding this and watch transaction from foreign banks like swizz.

Reply Like? Yes (5) | No

Sai Harshitha 7 years ago

Yes, It is an effective way But this doesn't eradicate the black money as many rich people are exchanging and making money and further it becomes easy to store money when 500 rs and 1000rs notes are replaced by 2000 rs notes

Reply Like? Yes (4) | No

ANKIT GUPTA 7 years ago

yes, it is a good step but I think nothing is above the life of any citizen and we lost about 70+ citizen of this country because of demonetisation. As govt. banned rs.1000 & rs.500 but what about rs.100 note. A black money holder must have rs.100 note in a bulk. so, this very good chance and welcome offer from govt. to black money holder that come and use your black money openly in the form of stored rs.100 note. Also what about black money in the form of gold(or expensive ornaments). this step is really good but preparation is not as much good.

Reply Like? Yes (4) | No

Sushant Kumar 7 years ago

Yes it was an effective step towards bringing back the black money. But, the thing is there lacked a proper execution of the plan by the govt.

Reply Like? Yes (4) | No

avvaru likhitha 7 years ago

yes it is one way . it's accumulate some what . India is one of top 5 country which has black money in swiz bank .it is one predominant initiative taken by bjp gov .it mainly cause problems to small scale industries because they suffered a lot. by this many of them had throne their money bags. it's not eradicated fully

Reply Like? Yes (6) | No (1)

sridhar mutyala 7 years ago

Demonitisation is great idea to increase our economy.but some people troubled in that time.due to this the those who get there livelyhood on that day struggled alot.if govt release the impact of demonitisation people really felt very happy

Reply Like? Yes | No

abhay raj singh 7 years ago

yes demonitisation is a stringe step taken by he government . it also helped to improve the our economy ,as you can see that post demonisation online was increase three time as compare to pre demonitisation . Many black money caught by the income tax departement from employees of our society . people will benefit with jan dhan yojna secheme and from boycott of fake note in the country. ALSO the terror funding stop for some time. But yet the RBI didnt give information on how much the black money come during the demonitisation, i didnt understand the all bank given the information of how much the black money they get but RBI has made decision to count one more time , the question is how much time RBI want to disclose the information . So overall when it disclose by RBI i hope govt. should use this money for public welfare. In last i want conclude that demonitisation step should be important for the country to come out from curruption trap . It helps in all area.

Reply Like? Yes (1) | No

Radhika Soni 7 years ago

ya demonetisation is an effective step to ruin corruption and bring black money back. This change developing India to developed India in future. But before this some steps should be take place. Like, there should be ample amount of money in the banks, there should be more bank hours, there should be deterioration in price of seeds so farmers can easily buy it. There can be many step that should be take care before proceeding for demonetisation.

Reply Like? Yes (1) | No

alimili karthik 7 years ago

the Indian govt had to take right step to do demonetization ...it is very useful to us. but at that time the ordinary people had face the so many problems at the banks and ATM for collecting new new currency. rich people had not phase that problems..they can easy to take for they required money...middle class and poor people will suffered.. but what ever situations we had faced it is good for next ...

Reply Like? Yes (2) | No

RAVIKANTH 7 years ago

demonitisation is great idea that it helps to bring out all balck money.

Reply Like? Yes (1) | No (1)

Manjeet Kumar 7 years ago

Yes it is an effective step. It has brought good part of black money into the market. For sure people have had to tackle all sorts of problems due to this, many businesses incurred losses especially the real estate business, but all of that was short term and this step will benefit all of us in the long run.

Reply Like? Yes (2) | No

Chandra Shekhar Suyal 7 years ago

the initiative taken to list out black money holders was appreciable. but it could have been implemented in a more planned way.The small farmers and small businessmens suffered its drastic impact.The poor farmers were even not having money to buy seeds for their crops as new currency was not available easily in rural areas.
so in short good move but not a smarter one....

Reply Like? Yes (5) | No

indumathi saminathan 7 years ago

yes....It is effective one....But I think way of implementation is not good.Middle class people struggled lot...

Reply Like? Yes (2) | No

Sushmitha 7 years ago

a dealer sold a washing machine at a loss of 3.5%.had he sold it for rs2054 more,he would have gained 9.5 % for what order he should sell it in order to get gain 27/2%?

Reply Like? Yes (1) | No

b.mohamed irsath 7 years ago

In Demonetisation,the followed steps to bring back black money is appreciable.But only the rural people got affected and middle class people also get affected.Many Peoples were waiting near the bank or atm to deposit and withdrawing the money was not accepted

Reply Like? Yes (1) | No

aditya jain 7 years ago

the transparency towards the action taken by government seems not good hence it is a bit difficult to say.

Reply Like? Yes (1) | No

maesh 7 years ago

train completes its journey from station X to station Y at a uniform speed and without any stoppage. Had the speed of the train been 24 kmph more,it would have taken 8 hours less to cover the distance.if the station are X and Y are 720 km apart then what is the original speed of the train?

Reply Like? Yes (1) | No

lohith 7 years ago

I think demonization helps india to become a developed country from developing country.it was great step taken by the Indian government
if we implement this for every five years corruption will be completely eradicate form india

Reply Like? Yes (1) | No (1)

Nidhi Agarker 7 years ago

As demonetisation was declared by PM so many black money holders were arrested and theie money have seized the money have seized means it is returned hence it is a effective step to bring back black money.

Reply Like? Yes | No

Dhivyaa 7 years ago

It's a terrific move by the government to unearth black money
hidden by the corrupt politicians. By plugging the loop holes in the system , we ensure the inflation in the society is controlled and common public is guarded from the negative effects posed by such black money.

Reply Like? Yes (2) | No

vinitha ila 7 years ago

yes it is an effective act as expected but dont u thnk poor become very helpless because still now many poor people doesn't have bank accounts itself y don't govt frst provide such campaigns of educating people about the use of demonitisation .

Reply Like? Yes (2) | No

Nidhi Agarker 7 years ago

Yes so many poor people become helpless but 2 years back PM also lounched the 0 balance bank AC. scheme so at that time they had to open their bank AC.

Like? Yes (1) | No

Nandagopal 7 years ago

yes definitely,it is a good though but it had been done in correct manner.i think there is no proper planning to implement demonetisation.almost every common man faced lot of trouble during that period.And the main intension behind demonetisation is to get back the black money,till now how much of black money brought back to India is a big question mark.

Reply Like? Yes (1) | No

karthik 7 years ago

Yes, it is effective steps for demonitisation of rs500 and rs 1000 it takes a major role when it has happen in india the black money holders have been wasted their money in ponds and lakes and they even burned the so much money and it becomes effective role like reduction corruptiin and illegal actives

Reply Like? Yes | No

soumya 7 years ago

Ya.Because all the black money stored as 500 and 1000 notes to occoupy less space so it is very necessary to attempt this step to bring back all black money or make them value less

Reply Like? Yes | No

vamsi madhav 7 years ago

demonetisation has made poor more poor and rich as the same so i think it was a foolish act from the government

Reply Like? Yes (1) | No

Nidhi Agarker 7 years ago

money was exchanged not redundant.

Like? Yes | No

Raja Garlanka 7 years ago

Yes it is absolutely great and challenging decision cuz first we reduced the growing of printing duplicate notes and there is a chance to find out the black money in such way

Reply Like? Yes | No

Vino 7 years ago

demonetization will help to clean up black money. this scheme works fine when we implement 5 years once as compulsory. then only we can make India as corrupt free.Many university provides seats who are paying high.But poor one seems to be always struggle. Make money has no value.then it increases the human value.

Reply Like? Yes (1) | No

Vino 7 years ago

Reply Like? Yes (1) | No

Rohit Prasad 7 years ago

i dont think so... for a start everyone thought it would overcome with the corruption ..but the harsh reality is no.. u cant change india by steps like demonetisation gst etc eyc until the mentality of the system changes... in demonetistaion we all knw the ground reality is that nothing affted the corrupt people.. the black money changed its form to pink colour thats all what i can say about demonetistaion

Reply Like? Yes (3) | No

Hari kishore reddy 7 years ago

Yes.. .it is one of d process 2 get back d black money

Reply Like? Yes (1) | No

akshay khonde 7 years ago

yes ,because balck money is form of 500 & 1000 rs.so demonetisation is effective steps to bring back black money

Reply Like? Yes (2) | No

Piyushi 7 years ago

Demonetisation is good..Its main objective was to drain out large amount of black money and long term objective was to convert our cash based economy into digital one...It is difficult for terrorists..

Reply Like? Yes (7) | No

Piyush Chaturvedi 7 years ago

Demonetisation is good initiative for bringing black money but more steps are needed to take. India will took long to get cover from damage of economy. It has also benefitted in some areas like there is no fake currency,many have depositted there money in bank.
It is because of demonitisation but on other side many have lost there life.
Government must take some more steps with full pre-planning to bring black money.

Reply Like? Yes (2) | No

Himu 7 years ago

I think it is good but the rich people uses their power to exchange their money and the poor people suffered much and it is good as i think from100% 50% black money has been taken out.

Reply Like? Yes (2) | No (1)

Himu 7 years ago

yes

Reply Like? Yes (2) | No

harsh singh 7 years ago

I think demonetisation is good but only up to level because government banned 500 and 1000rs currency is not a solution in this also that rich person are hiding our money they are investing all money in different things like land and temple then if government should take any another action the it's goof

Reply Like? Yes (2) | No

shivani verma 7 years ago

demonetisation is good...if it is executed with proper planning by the goverenment.Instant planning and poor management from our goveremnent affects every sector of society. Our economical growth disturbed,many patients died lack of medicine,many children dropped schools lacking currency,labour class ruined a lot ,They suffered miserably to sleep without food .This is what our govt should learn and had to planned it thoroughly before announcing it

Reply Like? Yes (4) | No

Diksha singh 7 years ago

I think it is a good step but it is also true that it doesn't work because we see that the present day situation poor Are getting more poor and richer are more rich and the market price of goods are continuously increase

Reply Like? Yes (2) | No

Ravi Agrawal 7 years ago

Because of demonetization, India's GDP has sharply decreased. Subsequently, China surpassed India in terms of fastest growing economy in the world.

Reply Like? Yes (2) | No

Siddharth 7 years ago

you must also know that the gdp of India has gone down after demonitization

Reply Like? Yes (2) | No

Sudha 7 years ago

Ofcourse it is an effective step but for some extent because all the black money is in the form of gold,lands,and as dollars in swiss bank .on the other hand common people suffered due to this decision.As a coin has two sides this step also has some positives and negatives.One day or the other change must come and this might be the first step for that change in our society.Lets hope to see our country as prosperous country and our next generations call India as a developed country

Reply Like? Yes (1) | No

gopal prasad barnwal 7 years ago

its a well step

Reply Like? Yes (1) | No

vivek raj 7 years ago

i think really benifit for poor people because save money&join to bank

Reply Like? Yes (1) | No

Rajkumar Namdeo 7 years ago

Basically no as most of the black money is in form of assets and lands and gold so not ban not help to solve this problem but sum amount of money is present in the form 500-1000. This step help to solve this issue if it done in proper way . But note banned is not good as it affect market economy , common people life both economical and psychologically .

Reply Like? Yes (4) | No

SATISH KUMAR 7 years ago

this is effective steps because poor people save the money

Reply Like? Yes | No

mullaguru manikanta 7 years ago

Demonstration is the prime step to eradicate black money. Some crores of block money is there in the hand of only few people they are disturbing our economic system. If the government takes certain steps to strict the rules definitely demonstration of 500 and 1000 is the method of eliminating block money. Lot of money time saved through this instead of using lot delegacy. But one thing that during demonitisatio the government officials has changed nearly 44 rules. This is fairly a ridiculous thing to people.

Reply Like? Yes | No

Prasanna Reddy 7 years ago

Demonitisation is a brilliant step taken by the government of India,as it is very difficult to store the colored currency in 100 s notations n less..but the thing is - rich one who is having them in excess are able to exchange them but the poor guy is not able to do so.The duty of the government is to work for the poor while keeping an eye on the rich. If there is something like which monitors the exchanging of currency and take necessary steps to find the unregistered currency.

Reply Like? Yes | No

Aamir Mumtaz Ansari 7 years ago

Demonitisation is an effective steps to bring black money but according to me their procedure to did this worked very bad... They must had to prepare their self before started... Eg. They must have to kept all ATM full of money...

Reply Like? Yes (1) | No

Kilaru Srivani 7 years ago

In my opinion to band the 500&1000 notes is very good idea.but implementation not correct way..s per a lot of block money to form a gold,lands etc ..so but missile class pea pole suffer this problem if any small thing buys they will not taken the 500 notes

Reply Like? Yes (1) | No

shailesh 7 years ago

Demonetisation was the need of hour . I was a brave and bold move by the Government .It should have been done way more earlier because there is need of constant flow of money from banks to bazar . Past government didn't had the popular support as this present government has which gives them freedom to act and resolve matters which were usually ditched by others for the sake of each other .

Demonetisation by no doubt has atleast brought the fear in the minds of the black money hoarder.
This will always remind them not to hoard black money because you never know when Mr PM will ask you to submit the proof of your earnings.
I don't know how much money is actually recovered or how much is flown or drown in Ganga.

But I support the move and it must be followed by other steps as soon as possible .Don't give them time to think of ways to hide money.

There must be regulation of kabza land , money in gold, fake companies , corruption in income tax and lots more genuine steps to make it a CHECK-MATE

Reply Like? Yes (1) | No

PRAWEEN KUMAR 7 years ago

Black Money , Black Money!!!!!!!
This was a good move but execution of the plan created mess, Culprits managed to escape and once again poor and middle class family suffered.
Swiss bank's money is main matter of concern but then think about a person Mr. Malya. If we are incapable of bringing him back how we will handle this matter of innumerable people.

Reply Like? Yes (1) | No

Amit Kumar 7 years ago

This is not a effective step to bring back black money, but we can say that demonetization of 500 and 1000 is a step towards the destroy a Black Money,
a lot of corrupt people has a lot of black money and if they want to change means he will need to give the detail of money

Reply Like? Yes | No

Veereddy Roja 7 years ago

Yes i agree with demonetisation of 500 and 1000. Because we can reduce black money, in our government some are corrupted to exchange black money with white but some people are not allowed to accept the black money to exchange that is the reaon we can reduce atleast corruption and black money. But for this poor people and mainly farmer are having so much of problem. They didn't know about the net banking and mobile banking. So i agree with modiji but am not giving all support because of drawbacks towards farmer and illiterate workers.

Reply Like? Yes | No (1)

Archita Shree 7 years ago

I really think demonetisation is an effective step to bring back black money.As people having black money are not able to show their extra income in banks while exchanging to new notes.Also by this initiative corrupted people are now afraid of the government.India is moving away from corruption nowdays.

Reply Like? Yes (1) | No

SUJEET SHUKLA 7 years ago

I think its a very huge step towards corruption.I am not saying as a modiji fan and all i am saying as an indian.Its a very good decision of our prime minister and one aan all every indian supported him specially middle class and lower class people because they know the value of money.Thank you

Reply Like? Yes (1) | No

Narayan Bhagat 7 years ago

Its great step by our PM, this will not only bring black money back but it will also help poor people to live comfortable life with all the rights and facilities they need to live, this step will remove the difference between poor and rich people, this will also help in growth of our economy. Yes some people had to face lot of problem due to Demonetisation but over all its good step and i support PM in this movement .

Reply Like? Yes (3) | No

subhan basha 7 years ago

we Indians are seeing demonstration since November 8th
as a citizen I think it is a cyclone passed by the government

Reply Like? Yes | No

anil kumar 7 years ago

I believe it was an effective step because the corruption and bribing are growing rapidly in present day society

Reply Like? Yes (1) | No (1)

Nancy 7 years ago

yeah ofcorse.....
I think this is a lifechanging step taken by our gov....after such a long duration of time.....on the first hand....everything was being so calm...rich werebecoming richer ,poor were necoming poorer andmiddle man remaimed stuck in middle class....it brought a typhoon which was very dangerous for the rich people who have stored a lot of black money into their godowns....now it is time to face the pain of lossofmoney when they never realised after sucking poor people's money like the hungry vampires for blood......fuck off to all those corrupt people....

Reply Like? Yes (2) | No

atul kumar 7 years ago

according to my point of view this is good step towards black money...but at suddenly this step was taken this is undigestive

Reply Like? Yes | No (1)

Vaishali Jain 7 years ago

Yes demonetisation is a very good decision taken by our PM, it would affect to black money holders not for the one who earned by hard work, while transaction we could have faced some problems like standing in a long queue etc, we should have to bear it. To get better future, this step is needed for the developing country to get developed. But before taking the demonetisation concept pm should have taken programs to literate the poor people about the digital money transaction so that small vendors couldn't have faced the problem

Reply Like? Yes (5) | No

Radhika Upadhyay 7 years ago

As per the facts..Majority of black money is in the form of physical investment like gold,land etc ,so how much demonetization will affect black money depends on its amount of cash.

Reply Like? Yes (1) | No

chandrakala 7 years ago

Yes it is a good step taken by our pm,but he could have taken few steps for not to make the poor people suffer at that time,it is good step as it reduces the blackmoney to some extent.it will helps in reducing the prices of everything and also the tax will be reduced..which Will helps the poor people

Reply Like? Yes (2) | No (1)

Vikash Anand 7 years ago

demonetization is a very good step
But according to me only demonetization cannot effect the black money.
Demonetization and a better monetary policy are two different things.
We need a better monetary policy such as digital banking promotion regarding using of internet and digital economy.
We must promote a transparent financial ecosystem. We should enhance our IT ecosystem and programs must be initiated regarding digitization of the country's most remote areas.

Reply Like? Yes (2) | No

rajeshwari alati 7 years ago

demonetisation of RS. 500 and Rs.1000 gives an effective steps to bring black money.

Reply Like? Yes | No

ranjith 7 years ago

According to my knowledge, taking the step demonetisation is a great move by our pm modi but the implementation is not good. Actually few people don't know why this step taken by modi, actually our RBI given a contract to print 1000,500 to a overseas company for few years they did their job correctly but after that they start to print multiple notes having the same number, this is identified by RBI later and cancelled their contract but that printed notes are already realised to public,if its go like this in the future our Indian economy wil go down,so mainly for this they ban 500 and 1000 notes and released new notes in place of old ones...bcz of this some part of black money also came out.but bcz of implementation lot of people suffered but for every thing some pros and corns wil be der,so we wil go with those only...

Reply Like? Yes (1) | No

Mukesh Kumar 7 years ago

yes if you have remove money withdrawal rule from bank and if the old notes is going to run once again in the country then sure black money is back now sure

Reply Like? Yes | No

ravindra kumar 7 years ago

according my point of view . the step of demonaitizaion of currency was taken by government was right because the person who was slash his money how he has to diclose his money way in fornt of goverment ..and rbi bank get large ammount of money so goverment will reduce interest in home and other schime

Reply Like? Yes | No

Akshya Singh Sikarwar 7 years ago

it was declared for the purpose of making country corruption free and black money free, but no body knows happend to black money and corruption.
only deaths were true, other than this every thing is in the air.

Reply Like? Yes | No

Ramanathan M R 7 years ago

according to my point of view this action are correct then it is successfully going on for ban black money

Reply Like? Yes (1) | No

akash vishwakarma 7 years ago

by this action people will unable to use their notes which they reserve in secret place . there was time given by govt. so people can debit their money in account so bank get more and more fund . if there will more fund in bank they can provide as loan in cheap rate . so really its effective approch by government

Reply Like? Yes (3) | No

Gautam kumar singh 7 years ago

Hello everyone!
Demonetization of Rs.500 and Rs.1000 is a bold step taken by our current government.It will not only helps to stop black money but also stops many organization for funding terrorist.

Reply Like? Yes (1) | No

deepak velusamy 7 years ago

It is a good movement by indian government. but Only minimum persons have the black money in the form of notes other's invest it into land and other fields. so government concern about this also...

Reply Like? Yes (2) | No

Ashish Kumar Singh 7 years ago

This process is too good but if it fail then the only reason will be the decision preparation point.
The scheme could be more interesting if the govt have been provided all the resources before admiring this scheme. each and every person were struggling from it just because of the decision given to us very early...
i think it is good for getting the black money back to the bank because govt didn't give the time to that person who have lots of black money to retrieve that money back to their account.
Modi gives india too much thing so the people is also participating him to carry that black money back to india..

Reply Like? Yes (7) | No

apurav jain 8 years ago

yes it's an effective steps to bring black money. But it was started without any planning. So it's goodness is weak........

Reply Like? Yes (2) | No (2)

anju.c.a 8 years ago

according to me reservation is necessary in a democratic country like india but it should implemented in proper manner so that its objective becomes complete.reservation system was implemented in india to extend a helping hand to bacward and downtrodden sections of society.but now its commonly seen that instead of deserved people only reserved are getting benefits of the system .this should be avoided by making timely amendments in the system so that reservation should be available to all sections of society based on their economic conditions.instead of caste income should be made the criteria for reservation.then all the citizens who are actually needy get benefit from this system

Reply Like? Yes (3) | No (2)

mayank 8 years ago

As we all know that tax payed by the citizen of country is very important for its development . The person not paying the proper taxes used to chest the country by not supporting to it. as we think that in India people have a huge amount of money in their homes ... so the demonetisation of 500 and 1000 notes will help us to bring that money back . but the other aspect of this is also that most of people have used swiz bank and other foregin investments ,Indian people uses money in form of gold , coins, jewellery property ... so i think that just demonetisation of 500 and 1000 rs for black money is not good in India as we also have 2000 rs and 500 notes back in the current market

Reply Like? Yes (5) | No (2)

Mohammad Ali 8 years ago

It is a good step but it could have been implemented better

Reply Like? Yes (2) | No

Vikash kumar 8 years ago

i think demonetisation of 500 and 1000 rs is good for india. bcz it is one of the way to back to the black money. indian government pressed a lot of notes in 70 years this tradition is going on until 8 november. tis is a question mark of all the people all those notes are going on where, in few years ago you listen the people sleep in the notes . how much amount they will earn to sleep on notes. these all are black money. this is the only solution to back the money
point one:
all the people deposit there money till 31 december. then indian government

Reply Like? Yes (1) | No

sudhir saurav 8 years ago

no one can predict the extent of the deflation and inflation. In an ideal world, if 100% of the people who have Rs.500 and Rs.1000 notes have it as white money, then we would see only inflation. If a lot of these are black money and if many people decide to waste the money instead of depositing it, then we will have deflation in the short term.
If you see heavy deflation and heavy drop in prices, then it means that India has a lot of corrupt people who earned money in illegal ways, too afraid to deposit the money in a bank!
And my gut feeling says that we would see heavy deflation in the next 6 months. If you bet on this, then buy gold, stocks of asset-heavy companies.

Reply Like? Yes (1) | No

chandra sekhar reddy 8 years ago

Ya I think it is really vood

Reply Like? Yes (1) | No

rashmisingh 8 years ago

yes,I think it is an effective steps to bring black money back as all the moneys that were hidden will be comin in to existence.

Reply Like? Yes (1) | No

deepak 8 years ago

In my point of view as a indian people,we should stand behind with government and support.if any government will be issue anything for free of cost,we were forming the line and Wait very long time.

Reply Like? Yes (2) | No (1)

Basub 8 years ago

Yes because income tax paid in any person in situations

Reply Like? Yes (1) | No

Raghavendra 8 years ago

In my opinion its effective because all black money will come out which was hiding from years in our country ,our pm MODI has taken a bold step to change our country and we have to support the cause and make our country corrupted free .

Reply Like? Yes (5) | No

jamunasiva 8 years ago

i think effective only. because many rich people have black money like 500 and 1000 only.. normal peoples not have that much 500 or 1000. rich people only get suffer because of this..

Reply Like? Yes (3) | No

DIvakar Singh 7 years ago

For Rich People ,bankers support to convert black money to white money

Like? Yes (1) | No

Nitish kesarwani 8 years ago

it should be high shielded and banker of other state or community

Reply Like? Yes (2) | No

Nitish kesarwani 8 years ago

i think every citizen be a part of camapign

Reply Like? Yes (2) | No

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