The conversation between human and AI assistant.
How will abolishing rs.500 and rs.1000 notes reduce corruption and identifying black money?
Can you explain to me how abolishing Rs. 500 and Rs. 1000 notes will help in reducing corruption and identifying black money?
Abolishing Rs. 500 and Rs. 1000 notes will make it difficult for those with unaccounted money to use it for illegal activities such as bribery, tax evasion, and terrorism financing. It will also force such individuals to deposit their money in banks, making it easier for the government to track the flow of money and identify sources of black money. Do you have any other questions on this topic?