The conversation between human and AI assistant.
What do you think of PM's decision on the banning of 500 and 100 rupee notes?
Yes, please.
According to news and reports, the Indian government led by PM Narendra Modi announced the demonetization of all 500 and 1000 rupee bills on November 8th, 2016, with the intention to fight corruption, counterfeiting, and tax evasion. It was a bold move that affected the entire nation and caused chaos in the short term, but it also had positive impacts in reducing cash transactions and increasing digital payments.