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How will the ban of old 500 and 1000 rs notes help in bringing out the black money?
I wanted to discuss the recent ban on old 500 and 1000 rs notes. Can you explain how it will help in bringing out black money?
Sure. With the ban on old 500 and 1000 rs notes, people holding large amounts of cash would need to deposit the money in banks to exchange it for new currency. This will allow the government to track the source of the cash and identify any suspicious activities or individuals involved in illegal activities such as tax evasion or money laundering.