The conversation between human and AI assistant.
How will banning Rs. 500 and Rs. 1000 notes help in overcoming corruption in India?
That makes sense. Can you tell me more about how black money is generated and circulated in India?
Black money can be generated through a number of illegal activities such as tax evasion, smuggling, bribery, and money laundering. Once it is generated, it is often circulated through the use of high denomination notes like Rs. 500 and Rs. 1000. By banning these notes, the government is hoping to disrupt the flow of black money and make it harder for people to engage in such activities.