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

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" Many people has saved lot of money which they have possessed in wrong way and has kept it safely at their homes or at different places and as we all know that the bigger amounts are usually transacted in the denominations of 500 and 1000 rupee notes so in order to bring this black money out government has taken one of the big step by denomination the 500 and 1000 rupees note which may somehow bring the black money that people has stored with them in the past few years. "



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" Yes, it is a most important advantage to the country and good decision to combat black money. "



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" Demonetization of Rs500 and Rs 1000 note may help in bringing the black money out but what about the adverse effect that normal people are facing. One can see in newspaper that there are many people who has lost there life because of this move in one case a girl dies because the hospital denied to take the 500 and 1000 denomination notes, another case an old man dies because of standing in the sun to get his notes exchanged how fair is this to normal people to go through all this? It is getting difficult for the people to lead their daily life. "



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" I totally disagree. The PM has made this decision even without thinking of the scheme that how the countrymen can suffer.. Yes ! why he will think he knows nothing can deplete his fortune as he is the PM of India. This demonetisation has made the lives of middle class, poor people miserable. This irksome and infuriate step can never help government to suck the black money from the economy. Handling of 2000 rupee note is easier than 1000 and 500 rupees for the corrupted person. The money that was collected back wasn't black money rather it was a white money of ordinary people who stood in line for the whole day leaving their meals, children and work. The toll of no. of people died while standing in queue in banks raise above 50. The politicians and rich people gets the advantage and were informed before the news spreaded. In recent news, one bjp politician’s daughter was shown playing and taking selfie with lakhs of 2000 notes. From where they came even before the final announcement made by our PM??? This demonetisation is of no use instead the corruption has increased thrice than before. This is widening even bigger gap between poor and richer. This is a condition of our country.. Illiterate person has a snaffle to run our country.. And results are in front us the politician and prosperous people are smashing the poor people in the name of black money drama. "



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" Every step has some positive points and some negative. No one is perfect in this world. According to me Demonetisation is definitely an effective step in bringing out black money. No matter it caused lot of troubles for people because they had to spend hours standing in line just to get their notes exchanged. But on the other hand it also helped bringing a lot of black money out. Approximately 15 lakh crore black money is recovered. And it has also helped in removing fake notes from circulation. Hence Demonetisation is an effective step taken by government. "



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" Demonetization was a useless step because the black money which they were thinking of getting back was not completely successful. Being a kid of a banker I have heard of many people doing money transfers in their relatives accounts. Some of them gave the money from their lockers to their relatives to keep them in their accounts. So it was not as successful as expected. The government should take more steps to solve this issue of corruption. "



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" Demonetization of Rs 500 and Rs 1000 note was very nice step taken by the government to bring back the black money because of this step many people who have black money have to show it out or they will be caught easily because when someone save more amount of money they usually keep in Rs 500 and Rs 1000 denomination so now people has to show and give an explanation to the government about their income and this black money which they had for long time. "



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" It is easy to earn black money using various wrong sources now it is time to pay for that as demonetization of Rs 500 And Rs 1000 note has come like thunderbolt for the people who has stored lot of money in various places in their houses which is not known by the government.As India was trying to bring back the black money this step would definitely help us to bring the black money out of house at least. If not all but at least to some extent we will be able to deal this situation soon. "



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" It is a very good step taken by the government to bring back the black money, the people have black money will be caught be but this step has badly affects the poor the street vendors who are unable to earn as people are out of cash so they using online platform to buy the things as they can pay through card so this is loss for the poor people even if you see the street vendors usually do not have bank accounts now it has become problem for them to exchange the money. Though this is a good step but because of this many other people are getting affected. "



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" The sudden outburst of demonetization of Rs 500 and Rs 1000 was a very calculative and very secretively worked move by our PM. Great job done by the whole team who were working in this as no one was told about this in advance this sudden burst will definitely help to bring the black money from the people who have the amount in their home or in the same bank account because now after this even the accounts of the people will be closely monitored so it is very much sure that the black money to some extent will be out. "



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