The conversation between human and AI assistant.
What do you think of PM's decision on the banning of 500 and 100 rupee notes?
Okay, can you tell me more about the decision and its impact on the economy?
Certainly. The decision to ban the 500 and 1000 rupee notes was made in November 2016 by the Prime Minister of India. The aim was to crack down on corruption and illegal cash holdings, while also promoting digital transactions. The decision caused some short term disruption in the economy, but in the long term, it is expected to have positive effects.