The conversation between human and AI assistant.
How does the ban on 500 and 1000 rupee notes helps to identify black money and corruption?
Can you explain to me how the ban on 500 and 1000 rupee notes helps to identify black money and corruption?
Sure. The ban on 500 and 1000 rupee notes makes it harder for people to use cash to hide unaccounted income. Since these notes are no longer legal tender, anyone holding large amounts of them may be investigated for tax evasion or other illegal activities.