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

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

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" Demonetization of 500 and 1000 notes was a very good idea and plan which was was very secretly executed this will definitely help to bring the black money out to good extent. But the adverse effect of this was on normal people more because they now have to stand in queue and get the notes exchanged apart from this the small scale industries and street vendors got more affected by this. Definitely with this plan we will be able to get good amount of black money from the people who were indulge in this. "

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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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" 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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" The government has done a great job by demonetization of Rs 500 and Rs 1000 notes the news has come like a lightning thunderbolt on the people, after this news was disclosed people went numb and blank as it was at 8pm when the news disclosed. This was one of the good move that was made in order to get the black money back but the important thing to think about is whether it was the only step that can bring the black money out? Because bringing this rule may bring black money to some extent but more than the people who have black money normal people are suffering more. "

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" Demonetization of Rs 500 and Rs 1000 came as thunder bolt on people as it was executed in many secret manner the step will bring black money but the important thing to take notice of is that this step has brought many adverse effects and along with this they should have planned it in far more better way because people are struggling to meet their day to day needs because of this moreover this step has hit the business badly. So it would have been better if they would have planned and made this easy for the normal people to deal with it. "

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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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" 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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" 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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